Since January 1, 2024, Edward (Ted) Pick has served at the helm as the Chief Executive Officer of Morgan Stanley, one of Wall Street's premier investment banks. Ted Glocer, lead director of the board at Morgan Stanley, praised Pick’s accession, saying, “Ted is a strategic leader with a strong track record of building and growing our client franchise, developing and retaining talent, allocating capital with sound risk management, and carrying forward our culture and values.”
Before stepping into the role of CEO, Pick held the position of Co-President at Morgan Stanley, where he also served as Co-Head of Firm Strategy and Head of the Institutional Securities Group. In this capacity, he oversaw key divisions, including Investment Banking, Equities, Fixed Income, Global Capital Markets, and Research.
Throughout his tenure at Morgan Stanley, Pick has played pivotal roles in various capacities. Notably, he engineered a successful turnaround of the firm's Fixed Income Division while serving as Global Head of Sales and Trading. As Head of Institutional Equities, he led the business to a leading global position. During the financial crisis, Pick served as Head of Equity Capital Markets, actively contributing to the firm's capital-raising efforts.
Pick's association with the company dates back to 1990 when he joined the company, rising through the ranks to become a Managing Director in 2002. Currently, he holds multiple key roles within the firm, including membership on the Board of Directors (since 2024), the Operating Committee (since 2012), the Management Committee (since 2008), and the Morgan Stanley-MUFG Steering Committee (since 2013).
In terms of education, in 1990 Pick graduated from Middlebury College, Phi Beta Kappa. He also holds an MBA from Harvard Business School, graduating in 1994. Beyond his corporate responsibilities, Pick has served as a Trustee at the Metropolitan Museum of Art since 2018, also contributing to the MET's Nominating & Governance Committees. In addition, he chairs the Advisory Board for the Morgan Stanley Alliance for Children’s Mental Health and serves on the board of the Institute of International Finance.
Pick's appointment as CEO signifies continuity in leadership at Morgan Stanley, given his extensive experience and proven leadership within the organization. As he settles into this pivotal role, stakeholders will be keenly observing how the newly minted CEO steers the investment bank in an evolving financial landscape.