---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-015457"
form_type: "8-K"
ticker: "MS"
cik: "0000895421"
company_name: "MORGAN STANLEY"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:32:24.181484+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Morgan Stanley names Ted Pick CEO effective Jan 1, 2024; Gorman becomes Executive Chairman

## Summary
- Ted Pick named Morgan Stanley CEO effective Jan 1, 2024; James Gorman becomes Executive Chairman.
- Andy Saperstein becomes Head of Wealth and Investment Management; Dan Simkowitz becomes Co-President and Head of Institutional Securities.
- Board grants one-time equity awards of $20M each to Pick, Saperstein, Simkowitz (60% PSUs, 40% RSUs, vesting in 2027).
- Pick also elected to Board effective Jan 1, 2024.

## SEC filing metadata
- accession: 0000950103-23-015457
- form_type: 8-K
- ticker: MS
- cik: 0000895421
- company_name: MORGAN STANLEY
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895421/000095010323015457/0000950103-23-015457-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895421/000095010323015457/dp201919_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-015457
- JSON: https://secwatch.observer/filing/0000950103-23-015457.json
- Plain text: https://secwatch.observer/filing/0000950103-23-015457.txt

## Key facts
- Executive change
  Dan Simkowitz was appointed as Co-President and Head of Institutional Securities at MORGAN STANLEY.
  - Action: appointed
  - Role: Co-President and Head of Institutional Securities
  source text: Dan Simkowitz will become Co-President of the Company and the Head of Institutional Securities, effective January 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895421/000095010323015457/0000950103-23-015457-index.htm
- Executive change
  James P. Gorman was appointed as Executive Chairman at MORGAN STANLEY.
  - Action: appointed
  - Role: Executive Chairman
  source text: At such time, Chairman and Chief Executive Officer James P. Gorman will serve as Executive Chairman and will no longer serve in the capacity of Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895421/000095010323015457/0000950103-23-015457-index.htm
- Executive change
  Edward (Ted) Pick was appointed as Chief Executive Officer at MORGAN STANLEY.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On October 25, 2023, the Board of Directors (the “Board”) of Morgan Stanley (the “Company”) announced that Edward (Ted) Pick will become the Company’s Chief Executive Officer, effective January 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895421/000095010323015457/0000950103-23-015457-index.htm
- Executive change
  Edward (Ted) Pick was elected as Director at MORGAN STANLEY.
  - Action: elected
  - Role: Director
  source text: the Board increased the number of directors on the Board from 14 to 15, effective January 1, 2024, and elected Mr. Pick to the Board, also effective January 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895421/000095010323015457/0000950103-23-015457-index.htm
- Executive change
  Andy Saperstein was appointed as Head of Wealth and Investment Management at MORGAN STANLEY.
  - Action: appointed
  - Role: Head of Wealth and Investment Management
  source text: The Board also announced that Co-President Andy Saperstein will also become the Head of Wealth and Investment Management
  evidence_url: https://www.sec.gov/Archives/edgar/data/895421/000095010323015457/0000950103-23-015457-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.