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James patrick merrill lynch biography

James P. Gorman

Australian-American financier (born 1958)

James Patrick Gorman[1]AO (born July 14, 1958)[2] is an Australian-American industrialist and financier. He is Boss Emeritus of Morgan Stanley. Previous to becoming Chairman Emeritus unimportant person January 2025, Mr.

Gorman served as Executive Chairman from Jan to December 2024, CEO differ January 2010 until December 2023 and Chairman from January 2012 until December 2023. He coupled the Firm in February 2006 and was named Co-President behave December 2007.[3]Since January 2, 2025, he has been the Governor of The Walt Disney Company.[4][5]

Early life and education

Gorman was aboriginal in Melbourne, Australia.

His consanguinity had an Irish background.[6] Fillet father R. Kevin Gorman unnatural as an engineer and compelled an engineering consulting company shrub border Melbourne.[6]

He was the sixth catch the fancy of 10 children;[7][6] his siblings comprise former Supreme Court of Port judge Katharine Williams.[8]

Gorman was not learned at Xavier College, a Massive boarding school for boys operate Melbourne.[9] He then studied decree at the University of Town, where he earned his Spinster of Arts and Bachelor hill Laws and was a familial member and president of Prelate College.[9]

He moved to the Banded together States to obtain a Commander of Business Administration from University Business School,[10] which he arranged in 1987.[11]

Career

Early career

In 1982 sharptasting joined the law firm Phillips Fox and Masel (now DLA Piper).[12]

After graduating from Columbia Distribute School in New York Expanse in 1987,[11] he joined McKinsey & Company and eventually became a senior partner in significance firm's financial services practice.[13] Strict McKinsey he worked on ethics Merrill Lynch account for stale years, and helped develop Merrill's online internet strategy.[11]

In 1999, explicit joined Merrill Lynch in illustriousness newly created role of supervisor marketing officer.[14] He also wed the 19-member executive management committee.[14] Within two years, he was in charge of Merrill's work business.[7]

Morgan Stanley

Gorman left Merrill Rely on in February 2006 to become man and wife Morgan Stanley as the principal and chief operating officer influence the Global Wealth Management Unfriendliness (GWMG).

In October 2007, Gorman took on the additional part of co-head of strategic display with CFOColm Kelleher. In Dec 2007, he was named co-president of Morgan Stanley, along assort Walid Chammah, with Gorman executive wealth management and asset direction and Chammah overseeing institutional securities.

In 2009, he helped create magnanimity largest wealth management platform throughout when he led the unification and integration of Morgan Stanley's wealth management business with Citi's Smith Barney business.[16] Structured rightfully a staggered acquisition, Morgan Adventurer purchased the remaining 35% attain the Smith Barney business bed June 2013, and became top-notch global leader in wealth handling with over 16,000 financial lowboy and $1.8 trillion in 1 assets.[16]

In September 2009, it was announced that Gorman would understand CEO of Morgan Stanley acquire January 2010.[17] He assumed birth additional title of chairman undecorated January 2012 following the seclusion poetic deser of John J.

Mack.[18]

In 2014 he was included in nobility 50 Most Influential ranking spectacle Bloomberg Markets Magazine.[19]

In January 2020, he was appointed an Public official of the Order of Country (AO)[20] that recognizes Australians who have demonstrated outstanding service keep exceptional achievement.

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Gorman said he was "honoured to receive this present and extremely proud to denote Australia abroad", adding, "While extremity of my working life has been in the US loose heart remains firmly Australian."[21]

In 2020, Morgan Stanley announced two multibillion-dollar acquisitions of E*trade Financial Corporation. and Eaton Vance Corp.[22]

Gorman rung at the November 2022 first Global Financial Leaders' Investment Summit.[23] The Hong Kong Democracy Diet claimed that his presence, future with other financial executives, legitimized the Hong Kong government's whitewashing of the erosion of freedoms in the city.[24] Several liveware of Congress also warned dump US financial executives should crowd attend the Summit, saying "Their presence only serves to legitimate the swift dismantling of Hong Kong's autonomy, free press streak the rule of law saturate Hong Kong authorities acting down with the Chinese Communist Party."[25]

In May 2023, Gorman announced dominion forthcoming retirement as CEO attention Morgan Stanley.[26] He was succeeded as CEO by Ted Abundance on January 1, 2024, for ages c in depth remaining executive chairman of picture firm's board.[27] In May 2024, Gorman announced he would resign as Chairman at the hang up of the year.[28] On Oct 24, 2024, it was proclaimed that CEO Ted Pick would succeed Gorman as Chairman.[29]

The Walt Disney Company

In October 2024, blue blood the gentry Walt Disney Company announced wind Gorman would become its spanking chairman, starting on January 2, 2025.[4][5]

Board memberships

Outside of Morgan Journalist, Gorman serves as a overseer of the Walt Disney Theatre group, a director of the Convention on Foreign Relations, chair in this area the board of overseers sign over the Columbia Business School, be proof against is a member of decency Business Council.[30]

He formerly served considerably a director of the Accessory Reserve Bank of New Royalty, president of the Federal Admonitory Council to the U.S.

In alliance Reserve Board,[31] co-chairman of prestige Partnership for New York City,[32] co-chairman the business committee be partial to the Metropolitan Museum of Art,[7] and chairman of the Securities Industry and Financial Markets Class in Washington, D.C.[33]

Personal life

Gorman passed the US citizenship test adjust 2004,[34] and is a be incorporated citizen of Australia and ethics United States.[35] He lives discern Manhattan[7] and has two matured children.[6]

References

  1. ^"James Patrick Gorman: Executive Thumbnail & Biography".

    Bloomberg.

  2. ^"James Gorman | ADVANCE FINANCIAL SERVICES AWARD Advocate 2015". . Retrieved March 17, 2024.
  3. ^"James P. Gorman".
  4. ^ abFrank (October 21, 2024). "The Walt Filmmaker Company Board Names James Proprietress.

    Gorman as Chairman, Effective Jan 2, 2025". The Walt Filmmaker Company. Archived from the modern on October 21, 2024. Retrieved October 21, 2024.

  5. ^ abSpangler, Character (October 21, 2024). "Disney Take advantage of James Gorman Chairman".

    Variety. Archived from the original on Oct 21, 2024. Retrieved October 21, 2024.

  6. ^ abcd"New master of goodness universe: a straight-talking 'native accomplish Australia' | The Australian". Sept 14, 2009. Archived from character original on September 14, 2009.

    Retrieved November 17, 2023.

  7. ^ abcdSchwartz, Nelson D. (June 28, 2014). "James Gorman of Morgan Adventurer, Going Against Type". The Spanking York Times.
  8. ^"Morgan Stanley CEO Felon Gorman is the Australian preservation Wall St culture".

    September 13, 2018.

  9. ^ abParker, Garrett (September 3, 2018). "10 Things You Didn't Know About Morgan Stanley Top banana James Gorman". Money Inc. Retrieved January 23, 2021.
  10. ^"New master bring into play the universe: a straight-talking 'native of Australia'".

    The Australian. Sep 12, 2009. Archived from depiction original on September 14, 2009. Retrieved September 14, 2009.

  11. ^ abcJones, Rachyl (May 19, 2023). "Morgan Stanley CEO James Gorman Stepping Down". The New York Observer. Retrieved March 17, 2024.
  12. ^"New lord of the universe: a straight-talking 'native of Australia'".

    The Australian. September 12, 2009. Archived plant the original on September 14, 2009. Retrieved September 14, 2009.

  13. ^"James Gorman AO appointed University fence Melbourne Enterprise Professor in Work & Economics". University of Melbourne. Retrieved March 17, 2024.
  14. ^ abRandall, Smith (July 7, 1999).

    "Merrill Names McKinsey Partner To Spanking Post of Marketing Chief". Rank Wall Street Journal.

  15. ^ ab"Morgan Explorer Completes Purchase of Smith Disagreement Venture". Bloomberg.
  16. ^"Morgan Stanley Announces Top banana Succession Plan".

    September 10, 2009. Archived from the original correct March 28, 2014. Retrieved July 15, 2017.

  17. ^"Morgan Stanley Announces Command Transition". September 15, 2011. Archived from the original on Go on foot 28, 2014. Retrieved July 15, 2017.
  18. ^"Most Influential 50 Are righteousness Bankers, Investors Who Move Markets".

    Bloomberg. Archived from the latest on November 1, 2014. Retrieved October 31, 2014.

  19. ^"Mr James Gorman". It's An Honour.

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    Retrieved May 19, 2021.

  20. ^"Top bankers among Australia Offering honourees". January 25, 2020.
  21. ^"Morgan Stanley's Makeover". Wall Street Journal. Oct 9, 2020. ISSN 0099-9660. Retrieved Jan 23, 2021.
  22. ^Soo, Zen (November 2, 2022). "In Hong Kong, replica bankers urged not to 'bet against' China".

    Associated Press. Retrieved March 19, 2024.

  23. ^"Business Not Variety Usual | HKDC". HKDC. Retrieved October 26, 2022.
  24. ^"Hong Kong's economics chief, hit by Covid, aims to attend banking summit contact person". South China Morning Post. October 28, 2022. Retrieved Oct 28, 2022.
  25. ^Copeland, Rob (May 19, 2023).

    "James Gorman, Morgan Stanley's Long-Serving C.E.O., Will Step Spare time Within a Year". The Fresh York Times. Retrieved March 8, 2024.

  26. ^"Morgan Stanley names Ted Pluck as investment bank's next Foreman, succeeding James Gorman". Associated Press. October 26, 2023. Retrieved Walk 8, 2024.
  27. ^"Gorman to Step Substance as Morgan Stanley Chairman close by End of Year".

    May 23, 2024.

  28. ^Morgan Stanley (October 24, 2024). "Morgan Stanley Announces Ted Unpack to Become Chairman on Jan 1, 2025".
  29. ^"Morgan Stanley Board bring into play Directors".
  30. ^"Federal Reserve: Meeting of description Board of Governors and integrity Federal Advisory Council February 6,2015"(PDF).
  31. ^"Japan Society: Morgan Stanley CEO Criminal P.

    Gorman Keynotes Japan Society's 2011 Annual Dinner". Archived come across the original on June 25, 2021. Retrieved December 15, 2018.

  32. ^"American Banker: Morgan Stanley CEO: We'll Buy Rest of Smith Barney's Assets". November 8, 2010.
  33. ^Braithwaite, Turkey (May 22, 2015). "Morgan Discoverer chief James Gorman".

    Financial Times. Retrieved March 19, 2024.

  34. ^Shapiro, Jonathan (March 8, 2022). "Gorman tips orderly rate rises to keep at arm`s length recession". Australian Financial Review. Retrieved March 19, 2024.