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As 2024 draws to a close, I want to thank you for your contributions and commitment to Morgan Stanley. Amidst macroeconomic and geopolitical uncertainty,

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Throughout the year, I met with clients across all three of our businesses and with colleagues around the world, discussing opportunities for deeper engagement with our globally Integrated Firm. Their appreciation for and admiration of Morgan Stanley is tremendous. Our execution across four pillars - strategy, culture, financial strength and growth – will be the key to our continued success. Above all things, Morgan Stanley’s culture of “first-class business in a first-class way” as defined by rigor, humility and partnership, will propel us forward in the years to come.

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At year-end James Gorman will officially step down from his role as Executive Chairman of Morgan Stanley. His visionary leadership over the last 15 years has positioned the Firm for long-term success. On a personal note, he has served as an inspirational mentor during these many years and through the transition period. Please join me in thanking James for everything he has done to drive Morgan Stanley’s transformation and in wishing him great success in his next chapters. He will continue to have an office at our New York 1585 headquarters, which is an important signal to all of us that he remains a part of the Morgan Stanley family.

 

 and through the transition period. Please join me in thanking James for everything he has done to drive Morgan Stanley’s transformation and in wishing him great success in his next chapters. He will continue to have an office at our New York 1585 headquarters, which is an important signal to all of us that he remains a part of the Morgan Stanley family.

As 2024 draws to a close, I want to thank you for your contributions and commitment to Morgan Stanley. Amidst macroeconomic and geopolitical uncertainty, the Firm continued to execute on a consistent strategy of serving as trusted advisor to our clients raising, managing and allocating capital

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Throughout the year, I met with clients across all three of our businesses and with colleagues around the world, discussing opportunities for deeper engagement with our globally Integrated Firm. Their appreciation for and admiration of Morgan Stanley is tremendous. Our execution across four pillars - strategy, culture, financial strength and growth – will be the key to our continued success. Above all things, Morgan Stanley’s culture of “first-class business in a first-class way” as defined by rigor, humility and partnership, will propel us forward in the years to come.

As 2024 draws to a close, I want to thank you for your contributions and commitment to Morgan Stanley. Amidst macroeconomic and geopolitical uncertainty, the Firm continued to execute on a consistent strategy of serving as trusted advisor to our clients raising, managing and allocating capital.

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Sonari Glinton begins a season-long series on the supply chain by exploring how different people were impacted by the cargo ship that clogged up the Suez Canal for six days.Sonari Glinton begins a season-long series on the supply chain by exploring how different people were impacted by the cargo ship that clogged up the Suez Canal for six day

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Sonari Glinton begins a season-long series on the supply chain by exploring how different people were impacted by the cargo ship that clogged up the Suez Canal for six days.Sonari Glinton begins a season-long series on the supply chain by exploring how different people were impacted by the cargo ship that clogged up the Suez Canal for six day

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Five of the Firm’s technology teams were honored during this year’s Banking Technology and American Financial Technology Awards ceremonies, the financial industry’s top awards for technology innovation and excellence. In addition, Eileen Kane, Head of Wealth Management Services Technology was recognized with a Technology Leadership award.

“These recognitions are a strong reflection of the depth of innovation across our Technology division, our commitment to technology excellence and our willingness to challenge the status quo,” said Mike Pizzi, Head of U.S. Banks & Head of Technology.  “Congratulations to our winners, and thank you to all our colleagues and clients across the Firm who encourage relentless innovation every day.”

Sonari Glinton begins a season-long series on the supply chain by exploring how different people were impacted by the cargo ship that clogged up the Suez Canal for six days.Sonari Glinton begins a season-long series on the supply chain by exploring how different people were impacted by the cargo ship that clogged up the Suez Canal for six day

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As 2024 draws to a close, I want to thank you for your contributions and commitment to Morgan Stanley. Amidst macroeconomic and geopolitical uncertainty, the Firm continued to execute on a consistent strategy of serving as trusted advisor to our clients raising, managing and allocating capital.

As 2024 draws to a close, I want to thank you for your contributions and commitment to Morgan Stanley. Amidst macroeconomic and geopolitical uncertainty, the Firm continued to execute on a consistent strategy of serving as trusted advisor to our clients raising, managing and allocating capital.

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For investors, 2024 was a year of surprises, defying many of the predictions that economists and strategists made at this time last year. In particular, consider the remarkable gains in the S&P 500 Index, which was on track to close up more than 25% for 2024, well ahead of Wall Street analysts’ forecasts, in one of its strongest annual performances of the last quarter-century.

Son different people were impacted by the cargo ship that clogged up the Suez Canal for six days.ari Glinton begins a season-long series on the supply chain by exploring how different people were impacted by the cargo ship that clogged up the Suez Canal for six days.Sonari Glinton begins a season-long series on the supply chain by exploring how

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Following Ted’s announcement regarding Mike Pizzi’s newly expanded role, John Ryan will become CEO of Morgan Stanley Private Bank, National Association, and Morgan Stanley Bank, N.A., reporting to us, effective immediately.
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