Morgan Stanley shakes up management team

- Jayne Jung
- 03 Dec 2007

Morgan Stanley has announced a management overhaul, naming Walid Chammah and James Gorman as co-presidents of the firm. They will replace Zoe Cruz, who spent 25 years at the firm, and Robert Scully, who will take on a newly created role in the office of the chairman, focusing on global sovereign investors.

Chammah, who was previously chairman and chief executive of the firm’s international business

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