Subnostr

Here's your summary from Morgan Stanley's Gorman Stepping Down as Chairman (https://www.youtube.com/watch?v=jgrcbboKizE) on the Bloomberg Television channel:

### TLDR:

James Gorman is stepping down as chairman of Morgan Stanley at the end of the year, following a successful tenure in turning around the bank.

### Key Points:

1. Gorman will be stepping down as chairman at the end of the year after successfully leading Morgan Stanley through a challenging period.

2. Gorman joined Morgan Stanley in 2006 and played a key role in transforming the bank into a wealth management powerhouse.

3. The convention in U.S. banking is for the CEO and chairman roles to be held by the same person, despite some shareholder push for separation.