James Gorman Will Pick Morgan Stanley President

Wall Street

Meet The Candidates: Who Will Gorman Pick As Morgan Stanley’s Next #2?

5:47 pm, June 30th | by Hillary Reinsberg

Sometime next year, Morgan Stanley will get a bit of a shake up. The current Chairman, tough guy John Mack, will step down and hand over the reins to the current CEO and President, James Gorman. At Morgan Stanley, the President is usually a good sign of who’s number two – and on track to be number one. Dealbook had some fun today figuring out which Morgan insiders might take get the job.

The only problem: this may be a years-long guessing game (at least we’ll have a way to keep busy). Insiders say Gorman will likely keep us waiting for quite some time before appointing a President, settling into his job for at least a few quarters before he chooses a favorite.

Although we hate to wait, we’re sure the internal rat race will be one to watch. So let’s take a look at the guys who may be in contention for this thing – or at least, the guys who will be sucking up to their new boss!

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1.Colm Kelleher

Age: 54
Currently: In London running the European business and working on improving the company's sales and trading division.
Previously: CFO during the credit crisis
Fun facts: He has eight siblings. Which might explain why his parents had to resort to the name Colm.

2.Greg Fleming

Age: 48
Currently: Head of Asset Management and Retail Brokerage (double whammy).
Previously: Merrill Lynch bigwig
Fun fact: He's an old buddy of Gorman's from back in their Merrill days.

3.Paul Taubman

Age: 50
Currently: Executive Vice President and Co-President of Institutional Securities of Morgan Stanley
Previously: Was a key figure in getting Mitsubishi to put cash into Morgan Stanley during the credit crisis.
Fun facts: He's been at Morgan for 29 years and holds around $25 million in company stock.