internal
Edward Pick
Chairman of the Board and Chief Executive Officer
Executive
2 yr
26 reports
Leadership change Edward Pick became CEO (from Co-President) · DEF 14A, Apr 2025
Morgan Stanley ·MS
Two co-presidents run the firm’s three core businesses
Financial Services · Fortune #40 · Divisional structure · 80K employees · New York, NY
View as of:
7
CEO span
↓ tighter than peers (avg 12)
3.4
Avg span
moderate
3
Max depth
3 levels
2.1 yr
Avg tenure
stable vs FY2024
100%
Internal hires
↑ above industry avg
Consolidated financials FY2014 · period end 2014-12-31 · 10-K
Revenue
$34.3B
Net income
$16.9B
Total assets
$1420.3B
Shares out
1.59B
Sourced from Morgan Stanley DEF 14A · filed 2026-04-02 ↗ View on SEC
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Morgan Stanley organizational chart
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Two co-presidents run Morgan Stanley’s three core businesses, an uncommon structure among U.S. banks. This page maps the CEO’s direct reports, divisional leadership, and supporting functions, with analysis of span of control, recent leadership changes, and peer comparisons.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Mandell Crawley joined as Chief Client Officer
Assumed role as Chief Client Officer for Integrated Firm Management in 2025.
Source · See change logScenario views in the chart
- Add Chief AI Officer Introduce a Chief AI Officer reporting to the CEO to centralize AI strategy across divisions.
- Merge Co-Presidents Under COO Insert a COO layer and have both co-presidents report to that role to reduce CEO span.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
- Connect Salesforce Map your target accounts like this. Import contacts, visualize decision chains, plan multi-threading.
- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
7 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Andrew M. Saperstein
Co-President and Head of Wealth Management and Investment Management
Wealth & Investment Management
2 yr
10 reports
internal
Daniel A. Simkowitz
Co-President and Head of Institutional Securities
Institutional Securities
2 yr
9 reports
internal
Sharon Yeshaya
Executive Vice President and Chief Financial Officer
Finance
4 yr
6 reports
internal
Eric F. Grossman
Executive Vice President, Chief Legal Officer and Chief Administrative Officer
Legal & Administration
1 yr
5 reports
internal
Michael Pizzi
Global Head of Technology
Technology
3 yr
6 reports
internal
Mandell Crawley
Chief Client Officer, Integrated Firm Management
Client & Strategy
1 yr
4 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 5 named executive officers disclosed. Bar length scales with total compensation.
Edward Pick $37.2M
- Base salary
- $1.50M
- Bonus
- $10.88M
- Stock awards
- $24.48M
- Pension change
- $21K
- Other
- $315K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Sharon Yeshaya $19.2M
- Base salary
- $1.00M
- Bonus
- $7.89M
- Stock awards
- $10.28M
- Pension change
- $7K
- Other
- $37K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Andrew M. Saperstein $28.5M
- Base salary
- $1.00M
- Bonus
- $11.19M
- Stock awards
- $16.16M
- Pension change
- $5K
- Other
- $110K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Daniel A. Simkowitz $28.4M
- Base salary
- $1.00M
- Bonus
- $11.19M
- Stock awards
- $16.16M
- Pension change
- $28K
- Other
- $14K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Eric F. Grossman $19.3M
- Base salary
- $1.00M
- Bonus
- $7.89M
- Stock awards
- $10.28M
- Pension change
- $6K
- Other
- $94K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
Stock ownership requirements
Proxy discloses executive and director equity ownership requirements but does not specify salary multiples.
| Holder | Shares | % of class |
|---|---|---|
| Edward Pick | 748K | <1% |
| Sharon Yeshaya | 144K | <1% |
| Andrew M. Saperstein | 308K | <1% |
| Daniel A. Simkowitz | 376K | <1% |
| Eric F. Grossman | 175K | <1% |
The businesses
How Morgan Stanley divides the work
4 divisions report into the group CEO. Tile size scales with estimated headcount.
Institutional Securities
30K employees
Co-President & Head of Institutional Securities (Daniel A. Simkowitz)
Provides investment banking, sales and trading, and capital markets services to institutional clients.
Wealth Management
25K employees
Co-President & Head of Wealth Management (Andrew M. Saperstein)
Delivers financial advisory, brokerage, and banking services to high-net-worth and retail clients.
Investment Management
5K employees
Co-President & Head of Investment Management (Andrew M. Saperstein)
Manages assets across equities, fixed income, alternatives, and multi-asset strategies for global clients.
Technology
10K employees
Global Head of Technology (Michael Pizzi)
Builds and operates the firm’s global technology platforms, data infrastructure, and cybersecurity.
The thesis
Why this org is unusual
Two co-presidents sit directly beneath the CEO, each owning end-to-end P&L for Morgan Stanley’s core business segments.
Andrew Saperstein combines Wealth and Investment Management under one presidency, while Dan Simkowitz runs Institutional Securities, creating a clean three-division model with unusually strong authority at level two. The CEO’s span is moderate for a firm of this size, but operational power is clearly pushed down into the divisional leaders rather than centralized in a COO role.
This structure reflects Morgan Stanley’s long-standing strategy of running autonomous franchises tied together by shared infrastructure. Finance, Legal, Technology and Client Strategy remain functional and report directly to the CEO, reinforcing risk control and consistency, while revenue accountability is concentrated in the two co-presidents. The absence of a COO further emphasizes the reliance on divisional presidents rather than an integrating operator.
- No COO role
- Two co-presidents with full P&L authority
- Wealth and Investment Management combined under one leader
The comparison
How Morgan Stanley stacks up
Compared with peers, Morgan Stanley’s structure is more explicitly divisional than Goldman Sachs or JPMorgan, where functional leaders often exert stronger centralized control. The co-president model is uncommon among U.S. banks of this scale and contrasts with Bank of America and Citi, which rely on a single president …
C-suite size
Reporting depth
Morgan Stanley
3 levels
4 levels
5 levels
5 levels
6 levels
5 levels
Avg C-suite tenure
Morgan Stanley
2 yr
5 yr
8 yr
7 yr
4 yr
5 yr
Has COO / Has CAIO
Morgan Stanley — no COO — no CAIO
Current signals
What changed recently
Morgan Stanley added a Chief Client Officer role in 2025 to strengthen cross-divisional coordination.
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-04-02
- CEO
- Edward Pick
- CEO span
- 7
- C-suite
- 5
- Avg tenure
- 2 yr
First full year with Pick as Chairman and CEO and a co-president structure in place.
Named executive officers (5)
- Edward Pick - CEO since 2024
- Sharon Yeshaya - CFO since 2022
- Andrew M. Saperstein - Co-President since 2024
- Daniel A. Simkowitz - Co-President since 2024
- Eric F. Grossman - CLO/CAO since 2025
FY2024
DEF 14A filed 2025-04-04
- CEO
- Edward Pick
- CEO span
- 6
- C-suite
- 4
- Avg tenure
- 1.5 yr
Transition year following CEO succession from James Gorman.
Named executive officers (4)
- Edward Pick - CEO since 2024
- Sharon Yeshaya - CFO since 2022
- Andrew M. Saperstein - Co-President since 2024
- Daniel A. Simkowitz - Co-President since 2024
FY2023
DEF 14A filed 2024-04-05
- CEO
- James Gorman
- CEO span
- 6
- C-suite
- 4
- Avg tenure
- 6 yr
Pre-succession structure with single CEO and business heads reporting directly.
Named executive officers (4)
- James Gorman - CEO since 2010
- Sharon Yeshaya - CFO since 2022
- Andrew M. Saperstein - Head of Wealth Management since 2019
- Daniel A. Simkowitz - Head of Institutional Securities since 2021
Year-over-year changes
2024 marked the CEO succession from Gorman to Pick, resetting average tenure.
- CEO span: 6 → 6
- C-suite size: 4 → 4
- Avg tenure: 6 → 1.5 yr
- new Edward Pick - CEO (was Co-President) (DEF 14A, Apr 2025)
Addition of a combined CLO/CAO role modestly increased CEO span and C-suite size.
- CEO span: 6 → 7
- C-suite size: 4 → 5
- Avg tenure: 1.5 → 2 yr
- new Eric F. Grossman - CLO/CAO (DEF 14A, Apr 2026)
The board
Board of directors
5 directors. 4 of 5 independent (80%). Source: most recent DEF 14A.
Edward Pick
Chair Inside
Chairman and CEO, Morgan Stanley
Thomas H. Glocer
Lead Indep. Independent
Former CEO, Thomson Reuters
Also on: Merck & Co., Inc.
Lynn J. Good
Independent
Former CEO, Duke Energy
Also on: The Boeing Company
Erika H. James
Independent
Dean, Wharton School
Jami Miscik
Independent
CEO, Global Strategic Insights
Also on: General Motors Company, HP Inc.
The board, organized
Board committees
2 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.
Audit Committee
100% independent
- Thomas H. Glocer Chair
- Lynn J. Good
- Jami Miscik
Compensation, Management Development and Succession Committee
100% independent
- Jami Miscik Chair
- Erika H. James
Frequently Asked Questions
Who is the CEO of Morgan Stanley?
Edward Pick has served as Chairman and CEO since 2024.
What type of organizational structure does Morgan Stanley use?
Morgan Stanley operates a divisional structure with clear P&L ownership by major business lines.
How many direct reports does Morgan Stanley's CEO have?
The CEO has seven direct reports, including two co-presidents and key functional leaders.
How has Morgan Stanley's leadership changed recently?
In 2025, the firm created a Chief Client Officer role and expanded the technology leader’s remit.
Who reports directly to Morgan Stanley's CEO?
Direct reports include the two co-presidents, CFO, Chief Legal/Administrative Officer, technology head, and client strategy leader.
Sources
- Morgan Stanley Proxy Statement, Apr 2026
- SEC EDGAR: Morgan Stanley DEF 14A Proxy Statement
- SEC EDGAR: Morgan Stanley 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). Morgan Stanley organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/morgan-stanley/MLA 9th
"Morgan Stanley Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/morgan-stanley/. Accessed .Chicago 17
Creately. "Morgan Stanley Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/morgan-stanley/.Original SEC source View on SEC ↗
Morgan Stanley. DEF 14A. Filed 2026-04-02. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/895421/000114036126012975/ny20058185x1_def14a.htmPermanent URL: https://creately.com/org-chart/fortune-500/morgan-stanley/ · last updated 2026-04-01