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2018-11-04T18:22:08Z

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Iridescent: /* Career */Typo fixing, typo(s) fixed: Stanley’s → Stanley's (3)

2018-10-31T20:14:17Z

‎Career: Typo fixing, typo(s) fixed: Stanley’s → Stanley's (3)

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{{Infobox person
| name = James P. Gorman
| image =
| alt =
| caption = On the right with [[Jamie Dimon]] on the left at the [[Davos World Economic Forum]] 2014
| birth_name =
| birth_date = {{Birth date and age|1958|07|14|df=yes}}
| birth_place = [[Melbourne]], [[Victoria (Australia)|Victoria]], Australia
| death_place =
| nationality = [[Australians|Australian]], [[Americans|American]]
| other_names =
|title = Chairman & CEO of [[Morgan Stanley]]
| salary = $27 million (2017)<ref name="bloomberg.com">{{cite web|url=https://www.bloomberg.com/news/articles/2018-01-19/morgan-stanley-lifts-gorman-s-pay-20-to-27-million-for-2017|title=Morgan Stanley Lifts CEO's Pay 20% to $27 Million for 2017|publisher=}}</ref>
| alma_mater = [[University of Melbourne]] ([[Bachelor of Arts|BA]], [[Bachelor of Laws|LLB]]) [[Columbia Business School]] ([[Master of Business Administration|MBA]])
| occupation = [[Financier]]
| children = 2
}}

'''James P. Gorman''' (born 14 July 1958) is an Australian-American<ref>{{cite web|url=https://www.bloomberg.com/news/videos/2017-04-12/the-david-rubenstein-show-james-gorman-video |title=The David Rubenstein Show: James Gorman |publisher=Bloomberg |date=2017-04-12 |accessdate=2017-07-15}}</ref> financier who is the Chairman and Chief Executive Officer of [[Morgan Stanley]]. He was formerly Co-President and Co-Head of Strategic Planning at the firm.<ref>[http://www.morganstanley.com/about/press/articles/5851.html], November 29, 2007; accessed December 1, 2007. "Press Release: Walid Chammah and James Gorman Named Co-Presidents of Morgan Stanley".</ref>

==Early life==
James P. Gorman was born in [[Melbourne]], [[Australia]]. He was educated at [[Xavier College]], and earned his [[Bachelor of Arts]] and [[Bachelor of Laws]] from the [[University of Melbourne]], where he was a residential member and president of [[Newman College (University of Melbourne)|Newman College]]. {{cn|date=April 2018}}

==Career==
In 1982 he joined law firm Phillips Fox and Masel (now [[DLA Piper]]) before heading to the [[United States]] to obtain a [[Master of Business Administration]] from [[Columbia Business School]].<ref>The Age (2009). [http://www.theage.com.au/business/melbourneraised-gorman-new-chief-of-morgan-stanley-20090911-fkw8.html Melbourne-raised Gorman new chief of Morgan Stanley]; retrieved September 13, 2009.</ref><ref>{{cite news|url=http://www.theaustralian.news.com.au/business/story/0,28124,26060900-36418,00.html|work=The Australian|title=New master of the universe: a straight-talking 'native of Australia'|date=September 12, 2009}}</ref>

James P. Gorman joined Morgan Stanley in February 2006 as the President and [[Chief Operating Officer]] of the Global Wealth Management Group (GWMG). In October 2007, Gorman took on the additional role of Co-Head of Strategic Planning with [[Chief Financial Officer]] Colm Kelleher. In December 2007, he was named Co-President of Morgan Stanley, along with [[Walid Chammah]],<ref>{{cite web|url=http://www.morganstanley.com/about/press/articles/5851.html|title=Walid Chammah and James Gorman Named Co-Presidents of Morgan Stanley|website=Morgan Stanley}}</ref> with the day-to-day responsibility for Wealth Management and Asset Management. In September 2009, it was announced he would become CEO of Morgan Stanley in January 2010.<ref>{{cite web|url=http://www.morganstanley.com/about/press/articles/ad3bec19-9e49-11de-b417-0db96b986471.html|title=Morgan Stanley Announces CEO Succession Plan|publisher=Morganstanley.com|date=2009-09-10|accessdate=2017-07-15}}</ref> He also assumed the title of Chairman in January 2012 following the retirement of John J. Mack.<ref>{{cite web|url=http://www.morganstanley.com/about/press/articles/1f6026c3-111e-4712-848e-c91301a391be.html|title=Morgan Stanley Announces Leadership Transition|publisher=Morganstanley.com|date=2011-09-15|accessdate=2017-07-15}}</ref> Press reports indicate his compensation as Chairman and CEO was $9.75 million for 2012,<ref>{{cite web|url=http://www.businessweek.com/news/2013-01-31/gorman-gets-3-dot-75-million-incentive-showing-2012-pay-fell-7-percent|archiveurl=https://archive.today/20131107164415/http://www.businessweek.com/news/2013-01-31/gorman-gets-3-dot-75-million-incentive-showing-2012-pay-fell-7-percent|deadurl=yes|title=Gorman Gets $3.75 Million Incentive as CEO’s Pay Falls 7% - Businessw…|date=7 November 2013|archivedate=7 November 2013|publisher=}}</ref> with the ''[[New York Times]]'' reporting an increase to $18 million in 2013.<ref>{{cite web|url=https://dealbook.nytimes.com/2014/03/28/morgan-stanley-nearly-doubles-c-e-o-pay-to-18-million|publisher=The New York Times|accessdate=2014-11-28|title=Morgan Stanley Nearly Doubles C.E.O. Pay to $18 Million}}</ref>

In 2009, he helped create the largest wealth management platform globally when he led the merger and integration of Morgan Stanley's wealth management business with Citi's Smith Barney business. Structured as a staggered acquisition, Morgan Stanley purchased the remainder of the joint venture in June 2013, and is a global leader in wealth management with over 16,000 financial advisors and $1.8 trillion in client assets.<ref>{{cite news| url=https://www.bloomberg.com/news/2013-06-28/morgan-stanley-completes-purchase-of-brokerage-venture.html|work=Bloomberg|title=Morgan Stanley Completes Purchase of Smith Barney Venture}}</ref> Prior to joining Morgan Stanley in February 2006, Gorman held a succession of executive positions at [[Merrill Lynch]], including leading from 2001 to 2005 the company's U.S. and, subsequently, global private client businesses. He joined Merrill Lynch in 1999 as Chief Marketing Officer, and also served as head of Strategy and Research. Before joining Merrill Lynch, Gorman served as a senior partner of [[McKinsey & Company]], where he was a member of the financial services practice, and as an attorney in Melbourne.{{cn|date=April 2018}}

In 2014 he was included in the [[50 Most Influential (Bloomberg Markets ranking)|50 Most Influential]] ranking of ''[[Bloomberg Markets]]'' Magazine.<ref>{{cite web|url=https://www.bloomberg.com/news/2014-09-08/most-influential-50-are-the-bankers-investors-who-move-markets.html|title=Most Influential 50 Are the Bankers, Investors Who Move Markets|publisher=Bloomberg|accessdate=2014-10-31|deadurl=yes|archiveurl=https://web.archive.org/web/20141101173159/http://www.bloomberg.com/news/2014-09-08/most-influential-50-are-the-bankers-investors-who-move-markets.html|archivedate=2014-11-01}}</ref>

In the wake of the [[United Kingdom European Union membership referendum, 2016|2016 United Kingdom European Union membership referendum]], which led to a popular vote to leave the [[European Union]], Gorman said there was "nothing good about [[Brexit]]".<ref name="businessinsidermorganstanleyceo">{{cite news|last1=Crowe|first1=Portia|last2=Turner|first2=Matt|title=MORGAN STANLEY CEO: 'There's nothing good about Brexit'|url=http://uk.businessinsider.com/morgan-stanley-ceo-james-gorman-on-brexit-2016-10?r=US&IR=T|accessdate=October 30, 2016|work=Business Insider|date=October 25, 2016}}</ref> He added that some jobs would be moved not only out of England, but out of Europe entirely, possibly to New York City or Tokyo.<ref name="businessinsidermorganstanleyceo"/> As of November 2017, he has not however initiated any change in his UK company structuring.{{cn|date=April 2018}}

==Board memberships==
{{unsourced|section|date=April 2018}}
Gorman serves on the Federal Advisory Council to the U.S. Federal Reserve Board, the Board of Overseers of the Columbia Business School, the Monetary Authority of Singapore International Advisory Panel, the Financial Services Forum, the Boards of the Partnership for New York City, and the Institute of International Finance. He formerly co-chaired the Business Committee of the Metropolitan Museum of Art and served on the board and as Chairman (2006) of the Securities Industry and Financial Markets Association in Washington, D.C.

==Personal life==
Gorman is a dual citizen of Australia and the United States.<ref>{{cite web|url=https://www.ft.com/content/e1c68512-ffa7-11e4-bc30-00144feabdc0|title=Subscribe to read|website=Financial Times}}</ref> He lives in [[Manhattan]] and has two adult children. Gorman earned $27 million in 2017.<ref name="bloomberg.com"/>

==References==
{{reflist}}

{{s-start}}
{{s-bus}}
{{succession box |
before=[[John J. Mack]] |
title=[[Chairman]] and [[CEO]] of [[Morgan Stanley]]|
years=2010–present |
after=Incumbent
}}
{{s-end}}

{{DEFAULTSORT:Gorman, James P.}}
[[Category:Australian chairmen of corporations]]
[[Category:Australian expatriates in the United States]]
[[Category:Australian people of Irish descent]]
[[Category:Australian Roman Catholics]]
[[Category:Columbia Business School alumni]]
[[Category:Directors of Morgan Stanley]]
[[Category:Living people]]
[[Category:McKinsey & Company people]]
[[Category:Morgan Stanley employees]]
[[Category:People educated at Xavier College]]
[[Category:Businesspeople from Melbourne]]
[[Category:Melbourne Law School alumni]]
[[Category:1958 births]]

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James P. Gorman - Revision history

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Iridescent: /* Career */Typo fixing, typo(s) fixed: Stanley’s → Stanley's (3)