James P. Gorman: Difference between revisions

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| occupation = Business executive, financier
| occupation = Business executive, financier
| known_for = Chairman and CEO of [[Morgan Stanley]] (2010–2023), Chairman of [[The Walt Disney Company]]
| known_for = Chairman and CEO of [[Morgan Stanley]] (2010–2023), Chairman of [[The Walt Disney Company]]
| education = [[Columbia University]] (MBA)
| education = [[Columbia University]] ([[Master of Business Administration|MBA]])
| spouse = Pendleton Dedman (m. 1990)
| spouse = Pendleton Dedman (m. 1990)
| children = 2
| children = 2
| title = Chairman Emeritus of [[Morgan Stanley]]<br>Chairman of [[The Walt Disney Company]]
| title = Chairman of [[The Walt Disney Company]]<br>Chairman Emeritus of [[Morgan Stanley]]
| awards = Member of the Order of Australia (AM)
| awards = [[Member of the Order of Australia]] (AM)
}}
}}


'''James Patrick Gorman''' (born July 14, 1958) is an Australian-American businessman and financier who served as Chairman and Chief Executive Officer of [[Morgan Stanley]], one of the world's largest investment banks and financial services firms, from 2010 to 2023. Born in [[Melbourne]], Australia, Gorman built a career that took him from the practice of law in his home country to the pinnacle of American finance, where he steered Morgan Stanley through a period of significant transformation following the [[2007–2008 financial crisis|global financial crisis]]. Under his leadership, the firm shifted its strategic emphasis toward wealth management, completed the full acquisition of the Smith Barney brokerage joint venture, and emerged as one of the more stable and profitable institutions on Wall Street. After transitioning to the role of Executive Chairman in January 2024, Gorman became Chairman Emeritus of Morgan Stanley in January 2025.<ref name="ms-bio">{{cite web |title=James P. Gorman, Chairman Emeritus |url=https://www.morganstanley.com/about-us-governance/operating-committee/james-gorman |publisher=Morgan Stanley |date=October 23, 2023 |access-date=2026-02-24}}</ref> That same month, he assumed the chairmanship of [[The Walt Disney Company]], where he has led the board's efforts to identify a successor to CEO [[Bob Iger]].<ref name="disney-chairman">{{cite web |title=The Walt Disney Company Board Names James P. Gorman As Chairman, Effective January 2, 2025 |url=https://thewaltdisneycompany.com/press-releases/the-walt-disney-company-board-names-james-p-gorman-as-chairman-effective-january-2-2025/ |publisher=The Walt Disney Company |access-date=2026-02-24}}</ref>
'''James Patrick Gorman''' (born July 14, 1958) is an Australian-American businessman and financier who served as Chairman and Chief Executive Officer of [[Morgan Stanley]], one of the world's largest investment banks, from 2010 to 2023. Born in [[Melbourne]], Australia, Gorman built a career that took him from law practice in his home country to the upper echelons of global finance in the United States. He joined Morgan Stanley in 2006 and was elevated to CEO in January 2010, a period during which the firm was navigating the aftermath of the [[2007–2008 financial crisis|global financial crisis]]. Over the course of his tenure, Gorman reshaped Morgan Stanley's business model, shifting its emphasis toward [[wealth management]] and completing the full acquisition of the Smith Barney brokerage joint venture from [[Citigroup]]. He served as both Chairman and CEO from January 2012 through December 2023, then continued as Executive Chairman through December 2024 before transitioning to Chairman Emeritus in January 2025.<ref name="ms-bio">{{cite web |title=James P. Gorman, Chairman Emeritus |url=https://www.morganstanley.com/about-us-governance/operating-committee/james-gorman |publisher=Morgan Stanley |date=October 23, 2023 |access-date=2026-02-24}}</ref> In January 2025, Gorman assumed the role of Chairman of [[The Walt Disney Company]], where he has led the board's succession planning efforts to identify a replacement for CEO [[Bob Iger]].<ref name="disney-chairman">{{cite web |title=The Walt Disney Company Board Names James P. Gorman As Chairman, Effective January 2, 2025 |url=https://thewaltdisneycompany.com/press-releases/the-walt-disney-company-board-names-james-p-gorman-as-chairman-effective-january-2-2025/ |publisher=The Walt Disney Company |access-date=2026-02-24}}</ref>


== Early Life ==
== Early Life ==


James Patrick Gorman was born on July 14, 1958, in [[Melbourne]], Australia. He grew up in Melbourne, where he attended [[Xavier College]], a Jesuit independent school known for its rigorous academic program.<ref name="ms-bio" /> Gorman was one of several children in his family; his sister, Katharine Williams, has also been publicly identified as a relative.<ref name="nyt-profile">{{cite news |last= |first= |date=June 29, 2014 |title=James Gorman of Morgan Stanley, Going Against Type |url=https://www.nytimes.com/2014/06/29/business/james-gorman-of-morgan-stanley-going-against-type.html |work=The New York Times |access-date=2026-02-24}}</ref>
James Patrick Gorman was born on July 14, 1958, in Melbourne, Australia. He grew up in Melbourne and attended [[Xavier College]], a Jesuit secondary school in the city.<ref name="ms-bio" /> Details regarding his family background include that he has a sister, Katharine Williams.<ref name="nyt-profile">{{cite news |last= |first= |date=June 29, 2014 |title=James Gorman of Morgan Stanley, Going Against Type |url=https://www.nytimes.com/2014/06/29/business/james-gorman-of-morgan-stanley-going-against-type.html |work=The New York Times |access-date=2026-02-24}}</ref>


Gorman's upbringing in Australia instilled a perspective that he later carried into his career in American finance. His path from Melbourne to the upper echelons of Wall Street was notable for its unconventional trajectory — he began his professional life as a lawyer rather than a banker, a background that distinguished him from many of his peers in the financial services industry.<ref name="nyt-profile" />
Gorman's upbringing in Australia shaped his early professional trajectory. After completing his secondary education at Xavier College, he pursued tertiary studies at the [[University of Melbourne]], where he earned both a [[Bachelor of Arts]] degree and a [[Bachelor of Laws]] degree.<ref name="ms-bio" /> His legal training led him initially to a career in law, which he practiced in Melbourne before deciding to pursue business studies abroad. This decision would prove pivotal, taking him from Australia to the United States and ultimately into the world of global finance.


== Education ==
== Education ==


Gorman received his secondary education at [[Xavier College]] in Melbourne. He then enrolled at the [[University of Melbourne]], where he earned both a Bachelor of Arts and a Bachelor of Laws (LLB).<ref name="ms-bio" /> After practicing law in Australia, Gorman pursued graduate studies in the United States, earning a [[Master of Business Administration]] (MBA) from [[Columbia Business School]] at [[Columbia University]] in New York.<ref name="ms-bio" /> His decision to attend Columbia proved instrumental in redirecting his career from law toward finance and management consulting, ultimately placing him on the path to Wall Street.
Gorman's formal education spanned institutions in both Australia and the United States. He completed his secondary schooling at Xavier College in Melbourne before enrolling at the University of Melbourne, where he obtained a Bachelor of Arts and a Bachelor of Laws.<ref name="ms-bio" /> After practicing law in Australia, Gorman moved to the United States to attend [[Columbia Business School]] at [[Columbia University]] in New York City, where he earned a [[Master of Business Administration]] degree.<ref name="ms-bio" /> His MBA from Columbia provided the foundation for his transition from law into the financial services industry, and his time at the university connected him to the New York-based financial community that would define the remainder of his career.


== Career ==
== Career ==
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=== Early Career and McKinsey & Company ===
=== Early Career and McKinsey & Company ===


After completing his law degree at the University of Melbourne, Gorman practiced law in Australia before relocating to the United States to pursue his MBA at Columbia University. Following his graduation from Columbia, Gorman entered the management consulting industry. He spent a significant portion of his early career at [[McKinsey & Company]], the global management consulting firm, where he developed expertise in financial services strategy. His work at McKinsey provided him with a broad understanding of the financial industry and the strategic challenges facing major banks and investment firms.<ref name="nyt-profile" />
Following his MBA from Columbia University, Gorman entered the management consulting field. He worked at [[McKinsey & Company]], the global management consulting firm, where he spent a significant portion of his early career. At McKinsey, Gorman developed expertise in the financial services sector, advising major banks and financial institutions on strategy and operations. His consulting work provided him with a broad view of the financial industry and deep knowledge of the wealth management business in particular—experience that would later inform his strategic decisions at Morgan Stanley.<ref name="nyt-profile" />


=== Merrill Lynch ===
=== Merrill Lynch ===


Before joining Morgan Stanley, Gorman held senior positions at [[Merrill Lynch]], where he gained direct experience in wealth management and brokerage operations. His tenure at Merrill Lynch gave him firsthand knowledge of the retail brokerage business, an area of expertise that would prove central to his later strategic vision for Morgan Stanley.<ref name="nyt-profile" />
Before joining Morgan Stanley, Gorman held senior positions at [[Merrill Lynch]], one of the largest wealth management firms in the United States at the time. At Merrill Lynch, he gained direct operating experience in the brokerage and wealth management business, overseeing significant portions of the firm's retail operations. His track record in wealth management at Merrill Lynch made him an attractive recruit for Morgan Stanley as the firm sought to strengthen its own wealth management capabilities.<ref name="nyt-profile" />


=== Morgan Stanley ===
=== Morgan Stanley ===


==== Joining the Firm and Rise to Co-President ====
==== Joining the Firm and Rise to Leadership ====


Gorman joined Morgan Stanley in February 2006, initially heading the firm's Global Wealth Management Group.<ref name="ms-bio" /> His arrival came during a period of significant upheaval at the firm, which was navigating leadership transitions and the broader turbulence in the financial services industry in the years leading up to the global financial crisis. Gorman's background in wealth management made him a natural choice to oversee this critical business segment.
Gorman joined Morgan Stanley in February 2006, initially serving in a senior role focused on the firm's wealth management division.<ref name="ms-bio" /> His arrival came at a time when Morgan Stanley was seeking to diversify its revenue streams beyond its traditional strengths in institutional securities and investment banking. Gorman was tasked with overseeing and revitalizing the firm's Global Wealth Management Group.


In December 2007, Gorman was named Co-President of Morgan Stanley, a promotion that placed him among the top candidates to eventually lead the firm.<ref name="ms-join">{{cite web |title=Morgan Stanley Names James P. Gorman Co-President |url=https://web.archive.org/web/20140914181224/http://www.morganstanley.com/about/press/articles/5851.html |publisher=Morgan Stanley |access-date=2026-02-24}}</ref> The Co-President role gave him broader oversight of the firm's operations beyond wealth management, positioning him to understand and influence the full scope of Morgan Stanley's business lines during one of the most challenging periods in modern financial history.
In December 2007, Gorman was named Co-President of Morgan Stanley, a move that signaled his ascent within the firm's leadership hierarchy and positioned him as a leading candidate to eventually become CEO.<ref name="ms-co-pres">{{cite web |title=Morgan Stanley Names James Gorman and Walid Chammah as Co-Presidents |url=https://web.archive.org/web/20140914181224/http://www.morganstanley.com/about/press/articles/5851.html |publisher=Morgan Stanley |access-date=2026-02-24}}</ref>


==== Appointment as CEO ====
==== Appointment as CEO ====


On January 1, 2010, Gorman succeeded [[John J. Mack]] as Chief Executive Officer of Morgan Stanley.<ref name="ms-ceo">{{cite web |title=James P. Gorman Named CEO of Morgan Stanley |url=https://web.archive.org/web/20140328054417/http://www.morganstanley.com/about/press/articles/1f6026c3-111e-4712-848e-c91301a391be.html |publisher=Morgan Stanley |access-date=2026-02-24}}</ref> He took the helm at a time when the firm, like much of Wall Street, was still recovering from the effects of the 2007–2008 financial crisis. Morgan Stanley had required significant government support during the crisis, and the firm faced questions about its long-term strategic direction, its risk profile, and its ability to compete with rivals such as [[Goldman Sachs]] and [[JPMorgan Chase]].
On January 1, 2010, Gorman became Chief Executive Officer of Morgan Stanley, succeeding [[John J. Mack]].<ref name="ms-ceo">{{cite web |title=Morgan Stanley Names James P. Gorman Chief Executive Officer |url=https://web.archive.org/web/20140328054417/http://www.morganstanley.com/about/press/articles/1f6026c3-111e-4712-848e-c91301a391be.html |publisher=Morgan Stanley |access-date=2026-02-24}}</ref> He assumed the leadership of the firm during a period of intense stress for the global financial industry. Morgan Stanley, like other major Wall Street firms, had been severely affected by the 2007–2008 financial crisis, and the firm faced questions about its long-term business model and strategic direction.


In January 2012, Gorman added the title of Chairman of the Board to his role as CEO, consolidating his leadership of the firm.<ref name="ms-bio" />
Gorman took on the additional title of Chairman of the Board in January 2012, consolidating his leadership over the firm.<ref name="ms-bio" /> In this dual role, he oversaw the strategic transformation that would come to define his tenure.


==== Strategic Transformation and the Smith Barney Acquisition ====
==== Strategic Transformation and Smith Barney Acquisition ====


One of the defining achievements of Gorman's tenure as CEO was his strategic pivot toward wealth management as the central pillar of Morgan Stanley's business model. This strategy was crystallized by the firm's acquisition of full ownership of [[Morgan Stanley Smith Barney]], the wealth management joint venture with [[Citigroup]].
One of the defining achievements of Gorman's leadership at Morgan Stanley was the completion of the firm's acquisition of the Smith Barney brokerage business from Citigroup. Morgan Stanley had initially entered into a joint venture with Citigroup in 2009, forming Morgan Stanley Smith Barney. Under Gorman's leadership, Morgan Stanley pursued a strategy of gradually increasing its ownership stake in the joint venture with the goal of full ownership.


Morgan Stanley had initially formed the joint venture with Citigroup's Smith Barney brokerage in 2009, with Morgan Stanley holding a 51% stake. Under Gorman's leadership, the firm methodically increased its ownership stake over several years. In June 2013, Morgan Stanley completed the purchase of the remaining interest in the brokerage venture from Citigroup, gaining full ownership of the operation and its approximately 16,000 financial advisors.<ref name="bloomberg-sb">{{cite news |last= |first= |date=June 28, 2013 |title=Morgan Stanley Completes Purchase of Brokerage Venture |url=https://www.bloomberg.com/news/2013-06-28/morgan-stanley-completes-purchase-of-brokerage-venture.html |work=Bloomberg News |access-date=2026-02-24}}</ref>
In June 2013, Morgan Stanley completed the purchase of Citigroup's remaining stake in the brokerage venture, making Smith Barney's vast network of financial advisors and client assets a wholly owned part of Morgan Stanley.<ref name="bloomberg-sb">{{cite news |last= |first= |date=June 28, 2013 |title=Morgan Stanley Completes Purchase of Brokerage Venture |url=https://www.bloomberg.com/news/2013-06-28/morgan-stanley-completes-purchase-of-brokerage-venture.html |work=Bloomberg News |access-date=2026-02-24}}</ref> The acquisition was central to Gorman's strategy of shifting Morgan Stanley's revenue mix toward more stable, fee-based wealth management income and away from the more volatile trading and investment banking revenues that had characterized the firm historically.


Gorman articulated his strategy for the full acquisition in public comments, stating his intention to acquire the remaining Smith Barney assets and integrate them into Morgan Stanley's broader platform.<ref name="ab-smithbarney">{{cite news |title=Morgan Stanley CEO: We'll Buy Rest of Smith Barney's Assets |url=https://www.americanbanker.com/news/morgan-stanley-ceo-well-buy-rest-of-smith-barneys-assets |work=American Banker |access-date=2026-02-24}}</ref> The completed acquisition transformed Morgan Stanley's revenue mix, making the firm less dependent on the volatile trading revenues that had characterized its pre-crisis business model. The wealth management division became the firm's largest and most stable source of earnings, generating more predictable fee-based income.
Gorman articulated his intent to acquire the rest of Smith Barney's assets publicly, stating that the wealth management business was a core pillar of Morgan Stanley's future.<ref name="ab-sb">{{cite news |last= |first= |date= |title=Morgan Stanley CEO: We'll Buy Rest of Smith Barney's Assets |url=https://www.americanbanker.com/news/morgan-stanley-ceo-well-buy-rest-of-smith-barneys-assets |work=American Banker |access-date=2026-02-24}}</ref> The completed acquisition made Morgan Stanley the world's largest wealth management firm by certain measures, a position that became central to the firm's identity under Gorman.


This strategic shift was notable in the context of the post-crisis financial industry. While some competitors doubled down on trading and investment banking, Gorman's emphasis on wealth management represented a different approach to building a durable franchise. The strategy drew both praise and skepticism from analysts during its early years, but as wealth management revenues grew and the division's margins improved, the approach gained broader acceptance.
==== Reshaping Morgan Stanley's Business Model ====


==== Navigating Post-Crisis Regulation ====
Beyond the Smith Barney acquisition, Gorman's tenure as CEO was marked by a broader effort to rebalance Morgan Stanley's business. He sought to reduce the firm's reliance on fixed-income trading, which had been a significant source of both revenue and risk during the financial crisis. Under his leadership, Morgan Stanley scaled back its fixed-income, currencies, and commodities (FICC) trading operations while investing in its wealth management and investment management businesses.


Gorman's tenure as CEO coincided with a period of extensive regulatory reform in the financial services industry, including the implementation of the [[Dodd-Frank Act]] and the imposition of heightened capital and liquidity requirements on systemically important financial institutions. Morgan Stanley, designated as a systemically important bank holding company, was subject to annual stress tests by the [[Federal Reserve]] and was required to maintain significantly higher capital buffers than it had prior to the crisis.<ref name="fed-letter">{{cite web |title=Federal Reserve Comment Letter |url=https://www.federalreserve.gov/SECRS/2015/April/20150410/R-1505/R-1505_032415_129911_567392710655_1.pdf |publisher=Board of Governors of the Federal Reserve System |date=March 24, 2015 |access-date=2026-02-24}}</ref>
This strategic shift was aimed at generating more predictable earnings and reducing the firm's exposure to the kinds of market dislocations that had threatened its survival during the crisis. Over time, wealth management grew to become the largest contributor to Morgan Stanley's revenue, a transformation that was widely noted in financial industry coverage.


Under Gorman, Morgan Stanley worked to strengthen its balance sheet, reduce leverage, and improve its performance on regulatory stress tests. The firm's efforts to increase its capital ratios and reduce risk-weighted assets were integral to the broader strategic transformation Gorman pursued. By shifting the revenue mix toward wealth management and away from proprietary trading and other higher-risk activities, the firm sought to align its business model with the new regulatory environment.
Gorman also navigated the firm through the post-crisis regulatory environment, including compliance with the [[Dodd-Frank Act]] and other regulatory reforms that imposed new capital requirements, stress testing, and restrictions on proprietary trading for major financial institutions. In April 2015, Gorman submitted comments to the Federal Reserve regarding regulatory matters affecting the firm.<ref name="fed-letter">{{cite web |title=Federal Reserve Comments — Morgan Stanley |url=https://www.federalreserve.gov/SECRS/2015/April/20150410/R-1505/R-1505_032415_129911_567392710655_1.pdf |publisher=Federal Reserve |date=March 24, 2015 |access-date=2026-02-24}}</ref>


==== Leadership Tenure and Succession ====
==== Transition from CEO ====


Gorman served as CEO of Morgan Stanley from January 2010 through December 2023, a tenure of nearly 14 years that made him one of the longer-serving chief executives among major Wall Street firms.<ref name="ms-bio" /> He simultaneously held the title of Chairman of the Board from January 2012 through December 2023.
Gorman served as Chairman and CEO of Morgan Stanley through December 2023. Upon stepping down as CEO, he transitioned to the role of Executive Chairman, serving in that capacity from January through December 2024. He then became Chairman Emeritus in January 2025.<ref name="ms-bio" /> The succession process at Morgan Stanley, which Gorman oversaw, resulted in the selection of a new CEO to lead the firm into its next chapter. Gorman's emphasis on orderly succession planning at Morgan Stanley would later inform his approach to similar work at The Walt Disney Company.
 
In January 2024, Gorman transitioned to the role of Executive Chairman of Morgan Stanley, stepping back from day-to-day management while continuing to serve on the board.<ref name="ms-bio" /> He held the Executive Chairman title through December 2024, after which he became Chairman Emeritus in January 2025.<ref name="ms-bio" />
 
The succession process at Morgan Stanley was closely watched by the financial industry and media. Gorman's approach to leadership transitions — cultivating internal candidates and managing the handoff in a deliberate, staged fashion — became a subject of public discussion, particularly as he later took on a similar role at Disney.<ref name="lat-succession">{{cite news |date=January 20, 2026 |title=Disney succession: Inside the search for a CEO to replace Bob Iger |url=https://www.latimes.com/entertainment-arts/business/story/2026-01-20/disney-ceo-succession-who-will-replace-bob-iger-what-to-know |work=Los Angeles Times |access-date=2026-02-24}}</ref>


=== The Walt Disney Company ===
=== The Walt Disney Company ===


==== Board Appointment and Succession Planning Committee ====
==== Board Membership and Succession Planning Role ====
 
In August 2024, while still serving as Executive Chairman of Morgan Stanley, Gorman was named chair of The Walt Disney Company's Succession Planning Committee by the Disney board of directors.<ref name="disney-succession">{{cite web |title=The Walt Disney Company Board Names James P. Gorman As Succession Planning Committee Chair |url=https://thewaltdisneycompany.com/press-releases/the-walt-disney-company-board-names-james-p-gorman-as-succession-planning-committee-chair/ |publisher=The Walt Disney Company |access-date=2026-02-24}}</ref> The committee was tasked with overseeing the process of identifying and selecting a successor to CEO Bob Iger, who had returned to lead Disney in November 2022 after the company dismissed his initial successor, [[Bob Chapek]].


Gorman's appointment to lead the succession committee was seen as a reflection of his experience managing leadership transitions at Morgan Stanley and his reputation for strategic and methodical decision-making.<ref name="disney-succession" />
Following his transition from active leadership at Morgan Stanley, Gorman took on a prominent role at The Walt Disney Company. In August 2024, Disney's Board of Directors named Gorman to chair its Succession Planning Committee, tasking him with leading the search for a successor to CEO Bob Iger.<ref name="disney-succession-chair">{{cite web |title=The Walt Disney Company Board Names James P. Gorman As Succession Planning Committee Chair |url=https://thewaltdisneycompany.com/press-releases/the-walt-disney-company-board-names-james-p-gorman-as-succession-planning-committee-chair/ |publisher=The Walt Disney Company |access-date=2026-02-24}}</ref> The appointment reflected the board's confidence in Gorman's experience overseeing leadership transitions at a major publicly traded company.


==== Chairman of Disney ====
==== Chairman of Disney ====


On January 2, 2025, Gorman became Chairman of the Board of The Walt Disney Company, succeeding Mark G. Parker, who departed after nine years of service on the Disney board.<ref name="disney-chairman" /> In assuming the chairmanship, Gorman took on responsibility for leading the board during a critical period for the company, with the CEO succession process representing one of the most consequential decisions facing Disney's leadership.
On January 2, 2025, Gorman became Chairman of The Walt Disney Company's Board of Directors, succeeding Mark G. Parker, who departed after nine years of service on the Disney Board.<ref name="disney-chairman" /> In this role, Gorman has led the board's efforts to manage one of the most closely watched CEO succession processes in the entertainment industry.


Gorman has spoken publicly about his approach to the Disney CEO succession, describing it as rooted in a structured and transparent process.<ref name="wdwnt-succession">{{cite news |date=January 2026 |title=How James P. Gorman is Finding Bob Iger's Disney CEO Successor |url=https://wdwnt.com/2026/01/how-james-p-gorman-is-finding-bob-igers-disney-ceo-successor/ |work=WDW News Today |access-date=2026-02-24}}</ref> According to reporting by the ''Los Angeles Times'', Gorman approached the Disney role seeking a substantive challenge after his retirement from Morgan Stanley, and he brought a commitment to ensuring the CEO handoff would be meticulous and orderly.<ref name="lat-succession" />
Gorman has described his approach to the Disney succession process as rooted in basic principles of corporate governance. According to coverage in the ''Los Angeles Times'', after retiring from Morgan Stanley, Gorman sought a substantial challenge, which materialized in the form of leading Disney's chief executive succession process.<ref name="lat-succession">{{cite news |last= |first= |date=January 20, 2026 |title=Disney succession: Inside the search for a CEO to replace Bob Iger |url=https://www.latimes.com/entertainment-arts/business/story/2026-01-20/disney-ceo-succession-who-will-replace-bob-iger-what-to-know |work=Los Angeles Times |access-date=2026-02-24}}</ref> Reporting by WDW News Today indicated that Gorman has emphasized that a smooth CEO transition "starts with a very basic principle" of thoughtful process and planning.<ref name="wdwnt-succession">{{cite news |last= |first= |date=January 2026 |title=How James P. Gorman is Finding Bob Iger's Disney CEO Successor |url=https://wdwnt.com/2026/01/how-james-p-gorman-is-finding-bob-igers-disney-ceo-successor/ |work=WDW News Today |access-date=2026-02-24}}</ref>


In February 2026, reports indicated that the Disney board, under Gorman's leadership, was continuing its deliberate approach to the succession process. Gorman and Iger met with internal candidates as part of the search, with the board seeking to ensure a smooth transition rather than a rushed decision.<ref name="lat-townhall">{{cite news |date=February 4, 2026 |title=Disney's Iger hails new leadership team in town hall meeting |url=https://www.latimes.com/entertainment-arts/business/story/2026-02-04/disney-board-wanted-meticulous-ceo-handoff-not-rigged-game |work=Los Angeles Times |access-date=2026-02-24}}</ref>
In early February 2026, the ''Los Angeles Times'' reported that the Disney board, under Gorman's leadership, sought a "meticulous" CEO handoff rather than what the paper described as a "rigged game." The reporting detailed how Disney theme parks executive Josh D'Amaro was among those called into meetings with Iger and Gorman as part of the succession process.<ref name="lat-handoff">{{cite news |last= |first= |date=February 4, 2026 |title=Disney's Iger hails new leadership team in town hall meeting |url=https://www.latimes.com/entertainment-arts/business/story/2026-02-04/disney-board-wanted-meticulous-ceo-handoff-not-rigged-game |work=Los Angeles Times |access-date=2026-02-24}}</ref>


Gorman also demonstrated personal financial commitment to Disney, purchasing 18,000 shares of Disney stock in December 2025 in his capacity as a director.<ref name="quiver-purchase">{{cite web |title=Insider Purchase: Director at $DIS Buys 18,000 Shares |url=https://www.quiverquant.com/news/Insider+Purchase%3A+Director+at+%24DIS+Buys+18%2C000+Shares |publisher=Quiver Quantitative |date=December 15, 2025 |access-date=2026-02-24}}</ref>
In December 2025, Gorman purchased 18,000 shares of Disney stock in his capacity as a director of the company, according to regulatory filings tracked by financial data services.<ref name="quiver-dis">{{cite web |title=Insider Purchase: Director at $DIS Buys 18,000 Shares |url=https://www.quiverquant.com/news/Insider+Purchase%3A+Director+at+%24DIS+Buys+18%2C000+Shares |publisher=Quiver Quantitative |date=December 15, 2025 |access-date=2026-02-24}}</ref>


== Personal Life ==
== Personal Life ==


James Gorman married Pendleton Dedman in 1990. The couple has two children.<ref name="ms-bio" /> Gorman holds dual Australian and American citizenship, having emigrated from Australia to the United States to pursue his MBA and subsequent career in finance.<ref name="nyt-profile" />
Gorman married Pendleton Dedman in 1990. The couple have two children.<ref name="ms-bio" /> Gorman holds dual Australian and American citizenship. He has a sister, Katharine Williams.<ref name="nyt-profile" />
 
Although born and raised in Australia, Gorman has spent the majority of his professional career in the United States, primarily in New York City. His career trajectory—from a law background in Melbourne to the leadership of a major Wall Street institution—has been noted as an unusual path in the American financial industry, where most chief executives of bulge-bracket investment banks have traditionally come from domestic backgrounds.<ref name="nyt-profile" />


Despite his decades-long career in the United States, Gorman has maintained connections to his Australian roots. His background as an Australian who rose to lead one of America's most prominent financial institutions has been a recurring subject in profiles and media coverage throughout his career.<ref name="australian">{{cite news |title=Top Bankers Among Australia Day Honourees |url=https://www.afr.com/politics/federal/top-bankers-among-australia-day-honourees-20200122-p53tq9 |work=The Australian Financial Review |date=January 22, 2020 |access-date=2026-02-24}}</ref>
Gorman has maintained connections to both Australia and the United States throughout his career. His dual nationality and international perspective have been cited as factors in his leadership style and approach to Morgan Stanley's global business.


== Recognition ==
== Recognition ==


Gorman has received several notable honors and distinctions over the course of his career. In 2014, he was named to Bloomberg Markets magazine's list of the 50 Most Influential people in global finance, a ranking that recognized leaders across banking, investing, and financial regulation.<ref name="bloomberg-influential">{{cite news |date=September 8, 2014 |title=Most Influential 50 Are the Bankers, Investors Who Move Markets |url=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 |work=Bloomberg News |access-date=2026-02-24}}</ref>
=== Bloomberg Most Influential ===
 
In September 2014, [[Bloomberg L.P.|Bloomberg]] named Gorman to its list of the 50 most influential people in global finance, recognizing his role in reshaping Morgan Stanley's business model and steering the firm through a period of significant transformation.<ref name="bloomberg-influential">{{cite news |last= |first= |date=September 8, 2014 |title=Most Influential 50 Are the Bankers, Investors Who Move Markets |url=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 |work=Bloomberg News |access-date=2026-02-24}}</ref>
 
=== Member of the Order of Australia ===
 
In January 2020, Gorman was appointed a [[Member of the Order of Australia]] (AM) in the Australia Day Honours. The honour was conferred for significant service to the international finance and banking sector.<ref name="afr-honours">{{cite news |last= |first= |date=January 22, 2020 |title=Top bankers among Australia Day honourees |url=https://www.afr.com/politics/federal/top-bankers-among-australia-day-honourees-20200122-p53tq9 |work=The Australian Financial Review |access-date=2026-02-24}}</ref><ref name="honours-gov">{{cite web |title=Member (AM) in the General Division of the Order of Australia — James Patrick Gorman |url=https://honours.pmc.gov.au/honours/awards/2005339 |publisher=Australian Government, Department of the Prime Minister and Cabinet |access-date=2026-02-24}}</ref> The recognition placed Gorman among a select group of Australian-born business leaders honoured for their contributions to the financial sector on a global scale.


In 2020, Gorman was appointed a Member of the [[Order of Australia]] (AM) as part of the Australia Day Honours. The honour recognized his contributions to business and finance as well as his service to the Australian community abroad.<ref name="aus-honours">{{cite web |title=Member of the Order of Australia — James Patrick Gorman |url=https://honours.pmc.gov.au/honours/awards/2005339 |publisher=Australian Government, Department of the Prime Minister and Cabinet |access-date=2026-02-24}}</ref><ref name="australian" /> The Order of Australia is one of the country's principal honours, recognizing Australian citizens who have demonstrated achievement or meritorious service.
=== Japan Society Annual Dinner ===


Gorman was also honored by the [[Japan Society]] at its 2011 annual dinner, reflecting his engagement with international business communities during his tenure at Morgan Stanley.<ref name="japan-society">{{cite web |title=2011 Annual Dinner |url=http://www.japansociety.prod.3whst.com/page/about/press/2011_annual_dinner |publisher=Japan Society |access-date=2026-02-24}}</ref>
In 2011, the [[Japan Society]] hosted Gorman at its annual dinner, reflecting his prominence in international business circles during his early years as Morgan Stanley's CEO.<ref name="japan-society">{{cite web |title=2011 Annual Dinner |url=http://www.japansociety.prod.3whst.com/page/about/press/2011_annual_dinner |publisher=Japan Society |access-date=2026-02-24}}</ref>


== Legacy ==
== Legacy ==


Gorman's tenure at Morgan Stanley is most closely associated with the strategic reorientation of the firm toward wealth management. When he became CEO in 2010, Morgan Stanley derived a significant portion of its revenue from institutional securities trading, a business line that had contributed to the firm's vulnerabilities during the financial crisis. By the time he stepped down as CEO at the end of 2023, wealth management had become the firm's dominant business, accounting for a larger share of revenue and providing more predictable earnings.
Gorman's tenure at Morgan Stanley is most closely associated with the firm's transformation from a company heavily dependent on trading revenue to one anchored by its wealth management business. The full acquisition of Smith Barney in 2013 was the most visible manifestation of this strategic pivot, and it fundamentally altered Morgan Stanley's revenue composition and risk profile. By the end of his tenure as CEO, wealth management had become the firm's largest business segment, generating a more stable and predictable earnings stream than the institutional securities division that had historically dominated.


The full acquisition of the Smith Barney joint venture from Citigroup, completed in 2013, was the most visible manifestation of this strategy.<ref name="bloomberg-sb" /> The integration of Smith Barney's financial advisors and client assets into Morgan Stanley's platform created one of the largest wealth management operations in the world. Over the subsequent decade, the firm continued to build on this foundation, acquiring additional wealth management and asset management businesses.
His leadership during and after the financial crisis is also a significant part of his legacy at Morgan Stanley. Taking the helm in January 2010, just over a year after the most acute phase of the crisis, Gorman was charged with restoring confidence in the firm among investors, regulators, and clients. The strategic choices he made—reducing fixed-income trading exposure, building out wealth management, and navigating the post-Dodd-Frank regulatory landscape—positioned Morgan Stanley as one of the more stable and consistently profitable major Wall Street firms by the time of his departure from the CEO role.


Gorman's approach to leadership — methodical, strategy-driven, and focused on long-term positioning rather than short-term results — has been a recurring theme in assessments of his career. His transition from the CEO role at Morgan Stanley to the chairmanship of Disney reflected a continued interest in governance and succession planning at major corporations. His management of the Disney CEO succession process, in particular, placed him at the center of one of the most closely watched corporate leadership transitions in the entertainment industry.<ref name="lat-succession" /><ref name="lat-townhall" />
Beyond Morgan Stanley, Gorman's appointment as Chairman of The Walt Disney Company in 2025 extended his influence into the entertainment industry. His role in leading the succession planning process for one of the world's most prominent media and entertainment conglomerates represented a new chapter in his career and demonstrated the transferability of his corporate governance experience across industries.<ref name="disney-chairman" /><ref name="lat-succession" />


As an Australian who built his career entirely within the American corporate establishment — first as a lawyer, then as a consultant, and ultimately as a Wall Street CEO — Gorman's trajectory has also been noted as an example of the international character of American business leadership.
As an Australian who rose to lead one of Wall Street's most prominent institutions, Gorman's career has also been noted as an example of the internationalization of American finance. His appointment as a Member of the Order of Australia in 2020 reflected his home country's recognition of his achievements in global banking.<ref name="afr-honours" />


== References ==
== References ==
<references />
<references />


[[Category:1958 births]]
[[Category:Living people]]
[[Category:Business executives]]
[[Category:Business executives]]
[[Category:Finance]]
[[Category:Finance]]
[[Category:Australian people]]
[[Category:Australian people]]
[[Category:1958 births]]
[[Category:Australian emigrants to the United States]]
[[Category:Living people]]
[[Category:Morgan Stanley people]]
[[Category:Morgan Stanley people]]
[[Category:The Walt Disney Company people]]
[[Category:The Walt Disney Company people]]
[[Category:Columbia Business School alumni]]
[[Category:University of Melbourne alumni]]
[[Category:University of Melbourne alumni]]
[[Category:Columbia Business School alumni]]
[[Category:Members of the Order of Australia]]
[[Category:Members of the Order of Australia]]
[[Category:Australian emigrants to the United States]]
[[Category:People from Melbourne]]
[[Category:People from Melbourne]]
[[Category:American chief executives of financial services companies]]
[[Category:American chief executives of financial services companies]]
[[Category:McKinsey & Company people]]
[[Category:Merrill Lynch people]]
[[Category:People educated at Xavier College]]
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Latest revision as of 07:22, 24 February 2026

James P. Gorman
BornJames Patrick Gorman
14 7, 1958
BirthplaceMelbourne, Australia
NationalityAustralian, American
OccupationBusiness executive, financier
TitleChairman of The Walt Disney Company
Chairman Emeritus of Morgan Stanley
Known forChairman and CEO of Morgan Stanley (2010–2023), Chairman of The Walt Disney Company
EducationColumbia University (MBA)
Spouse(s)Pendleton Dedman (m. 1990)
Children2
AwardsMember of the Order of Australia (AM)

James Patrick Gorman (born July 14, 1958) is an Australian-American businessman and financier who served as Chairman and Chief Executive Officer of Morgan Stanley, one of the world's largest investment banks, from 2010 to 2023. Born in Melbourne, Australia, Gorman built a career that took him from law practice in his home country to the upper echelons of global finance in the United States. He joined Morgan Stanley in 2006 and was elevated to CEO in January 2010, a period during which the firm was navigating the aftermath of the global financial crisis. Over the course of his tenure, Gorman reshaped Morgan Stanley's business model, shifting its emphasis toward wealth management and completing the full acquisition of the Smith Barney brokerage joint venture from Citigroup. He served as both Chairman and CEO from January 2012 through December 2023, then continued as Executive Chairman through December 2024 before transitioning to Chairman Emeritus in January 2025.[1] In January 2025, Gorman assumed the role of Chairman of The Walt Disney Company, where he has led the board's succession planning efforts to identify a replacement for CEO Bob Iger.[2]

Early Life

James Patrick Gorman was born on July 14, 1958, in Melbourne, Australia. He grew up in Melbourne and attended Xavier College, a Jesuit secondary school in the city.[1] Details regarding his family background include that he has a sister, Katharine Williams.[3]

Gorman's upbringing in Australia shaped his early professional trajectory. After completing his secondary education at Xavier College, he pursued tertiary studies at the University of Melbourne, where he earned both a Bachelor of Arts degree and a Bachelor of Laws degree.[1] His legal training led him initially to a career in law, which he practiced in Melbourne before deciding to pursue business studies abroad. This decision would prove pivotal, taking him from Australia to the United States and ultimately into the world of global finance.

Education

Gorman's formal education spanned institutions in both Australia and the United States. He completed his secondary schooling at Xavier College in Melbourne before enrolling at the University of Melbourne, where he obtained a Bachelor of Arts and a Bachelor of Laws.[1] After practicing law in Australia, Gorman moved to the United States to attend Columbia Business School at Columbia University in New York City, where he earned a Master of Business Administration degree.[1] His MBA from Columbia provided the foundation for his transition from law into the financial services industry, and his time at the university connected him to the New York-based financial community that would define the remainder of his career.

Career

Early Career and McKinsey & Company

Following his MBA from Columbia University, Gorman entered the management consulting field. He worked at McKinsey & Company, the global management consulting firm, where he spent a significant portion of his early career. At McKinsey, Gorman developed expertise in the financial services sector, advising major banks and financial institutions on strategy and operations. His consulting work provided him with a broad view of the financial industry and deep knowledge of the wealth management business in particular—experience that would later inform his strategic decisions at Morgan Stanley.[3]

Merrill Lynch

Before joining Morgan Stanley, Gorman held senior positions at Merrill Lynch, one of the largest wealth management firms in the United States at the time. At Merrill Lynch, he gained direct operating experience in the brokerage and wealth management business, overseeing significant portions of the firm's retail operations. His track record in wealth management at Merrill Lynch made him an attractive recruit for Morgan Stanley as the firm sought to strengthen its own wealth management capabilities.[3]

Morgan Stanley

Joining the Firm and Rise to Leadership

Gorman joined Morgan Stanley in February 2006, initially serving in a senior role focused on the firm's wealth management division.[1] His arrival came at a time when Morgan Stanley was seeking to diversify its revenue streams beyond its traditional strengths in institutional securities and investment banking. Gorman was tasked with overseeing and revitalizing the firm's Global Wealth Management Group.

In December 2007, Gorman was named Co-President of Morgan Stanley, a move that signaled his ascent within the firm's leadership hierarchy and positioned him as a leading candidate to eventually become CEO.[4]

Appointment as CEO

On January 1, 2010, Gorman became Chief Executive Officer of Morgan Stanley, succeeding John J. Mack.[5] He assumed the leadership of the firm during a period of intense stress for the global financial industry. Morgan Stanley, like other major Wall Street firms, had been severely affected by the 2007–2008 financial crisis, and the firm faced questions about its long-term business model and strategic direction.

Gorman took on the additional title of Chairman of the Board in January 2012, consolidating his leadership over the firm.[1] In this dual role, he oversaw the strategic transformation that would come to define his tenure.

Strategic Transformation and Smith Barney Acquisition

One of the defining achievements of Gorman's leadership at Morgan Stanley was the completion of the firm's acquisition of the Smith Barney brokerage business from Citigroup. Morgan Stanley had initially entered into a joint venture with Citigroup in 2009, forming Morgan Stanley Smith Barney. Under Gorman's leadership, Morgan Stanley pursued a strategy of gradually increasing its ownership stake in the joint venture with the goal of full ownership.

In June 2013, Morgan Stanley completed the purchase of Citigroup's remaining stake in the brokerage venture, making Smith Barney's vast network of financial advisors and client assets a wholly owned part of Morgan Stanley.[6] The acquisition was central to Gorman's strategy of shifting Morgan Stanley's revenue mix toward more stable, fee-based wealth management income and away from the more volatile trading and investment banking revenues that had characterized the firm historically.

Gorman articulated his intent to acquire the rest of Smith Barney's assets publicly, stating that the wealth management business was a core pillar of Morgan Stanley's future.[7] The completed acquisition made Morgan Stanley the world's largest wealth management firm by certain measures, a position that became central to the firm's identity under Gorman.

Reshaping Morgan Stanley's Business Model

Beyond the Smith Barney acquisition, Gorman's tenure as CEO was marked by a broader effort to rebalance Morgan Stanley's business. He sought to reduce the firm's reliance on fixed-income trading, which had been a significant source of both revenue and risk during the financial crisis. Under his leadership, Morgan Stanley scaled back its fixed-income, currencies, and commodities (FICC) trading operations while investing in its wealth management and investment management businesses.

This strategic shift was aimed at generating more predictable earnings and reducing the firm's exposure to the kinds of market dislocations that had threatened its survival during the crisis. Over time, wealth management grew to become the largest contributor to Morgan Stanley's revenue, a transformation that was widely noted in financial industry coverage.

Gorman also navigated the firm through the post-crisis regulatory environment, including compliance with the Dodd-Frank Act and other regulatory reforms that imposed new capital requirements, stress testing, and restrictions on proprietary trading for major financial institutions. In April 2015, Gorman submitted comments to the Federal Reserve regarding regulatory matters affecting the firm.[8]

Transition from CEO

Gorman served as Chairman and CEO of Morgan Stanley through December 2023. Upon stepping down as CEO, he transitioned to the role of Executive Chairman, serving in that capacity from January through December 2024. He then became Chairman Emeritus in January 2025.[1] The succession process at Morgan Stanley, which Gorman oversaw, resulted in the selection of a new CEO to lead the firm into its next chapter. Gorman's emphasis on orderly succession planning at Morgan Stanley would later inform his approach to similar work at The Walt Disney Company.

The Walt Disney Company

Board Membership and Succession Planning Role

Following his transition from active leadership at Morgan Stanley, Gorman took on a prominent role at The Walt Disney Company. In August 2024, Disney's Board of Directors named Gorman to chair its Succession Planning Committee, tasking him with leading the search for a successor to CEO Bob Iger.[9] The appointment reflected the board's confidence in Gorman's experience overseeing leadership transitions at a major publicly traded company.

Chairman of Disney

On January 2, 2025, Gorman became Chairman of The Walt Disney Company's Board of Directors, succeeding Mark G. Parker, who departed after nine years of service on the Disney Board.[2] In this role, Gorman has led the board's efforts to manage one of the most closely watched CEO succession processes in the entertainment industry.

Gorman has described his approach to the Disney succession process as rooted in basic principles of corporate governance. According to coverage in the Los Angeles Times, after retiring from Morgan Stanley, Gorman sought a substantial challenge, which materialized in the form of leading Disney's chief executive succession process.[10] Reporting by WDW News Today indicated that Gorman has emphasized that a smooth CEO transition "starts with a very basic principle" of thoughtful process and planning.[11]

In early February 2026, the Los Angeles Times reported that the Disney board, under Gorman's leadership, sought a "meticulous" CEO handoff rather than what the paper described as a "rigged game." The reporting detailed how Disney theme parks executive Josh D'Amaro was among those called into meetings with Iger and Gorman as part of the succession process.[12]

In December 2025, Gorman purchased 18,000 shares of Disney stock in his capacity as a director of the company, according to regulatory filings tracked by financial data services.[13]

Personal Life

Gorman married Pendleton Dedman in 1990. The couple have two children.[1] Gorman holds dual Australian and American citizenship. He has a sister, Katharine Williams.[3]

Although born and raised in Australia, Gorman has spent the majority of his professional career in the United States, primarily in New York City. His career trajectory—from a law background in Melbourne to the leadership of a major Wall Street institution—has been noted as an unusual path in the American financial industry, where most chief executives of bulge-bracket investment banks have traditionally come from domestic backgrounds.[3]

Gorman has maintained connections to both Australia and the United States throughout his career. His dual nationality and international perspective have been cited as factors in his leadership style and approach to Morgan Stanley's global business.

Recognition

Bloomberg Most Influential

In September 2014, Bloomberg named Gorman to its list of the 50 most influential people in global finance, recognizing his role in reshaping Morgan Stanley's business model and steering the firm through a period of significant transformation.[14]

Member of the Order of Australia

In January 2020, Gorman was appointed a Member of the Order of Australia (AM) in the Australia Day Honours. The honour was conferred for significant service to the international finance and banking sector.[15][16] The recognition placed Gorman among a select group of Australian-born business leaders honoured for their contributions to the financial sector on a global scale.

Japan Society Annual Dinner

In 2011, the Japan Society hosted Gorman at its annual dinner, reflecting his prominence in international business circles during his early years as Morgan Stanley's CEO.[17]

Legacy

Gorman's tenure at Morgan Stanley is most closely associated with the firm's transformation from a company heavily dependent on trading revenue to one anchored by its wealth management business. The full acquisition of Smith Barney in 2013 was the most visible manifestation of this strategic pivot, and it fundamentally altered Morgan Stanley's revenue composition and risk profile. By the end of his tenure as CEO, wealth management had become the firm's largest business segment, generating a more stable and predictable earnings stream than the institutional securities division that had historically dominated.

His leadership during and after the financial crisis is also a significant part of his legacy at Morgan Stanley. Taking the helm in January 2010, just over a year after the most acute phase of the crisis, Gorman was charged with restoring confidence in the firm among investors, regulators, and clients. The strategic choices he made—reducing fixed-income trading exposure, building out wealth management, and navigating the post-Dodd-Frank regulatory landscape—positioned Morgan Stanley as one of the more stable and consistently profitable major Wall Street firms by the time of his departure from the CEO role.

Beyond Morgan Stanley, Gorman's appointment as Chairman of The Walt Disney Company in 2025 extended his influence into the entertainment industry. His role in leading the succession planning process for one of the world's most prominent media and entertainment conglomerates represented a new chapter in his career and demonstrated the transferability of his corporate governance experience across industries.[2][10]

As an Australian who rose to lead one of Wall Street's most prominent institutions, Gorman's career has also been noted as an example of the internationalization of American finance. His appointment as a Member of the Order of Australia in 2020 reflected his home country's recognition of his achievements in global banking.[15]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 "James P. Gorman, Chairman Emeritus".Morgan Stanley.October 23, 2023.https://www.morganstanley.com/about-us-governance/operating-committee/james-gorman.Retrieved 2026-02-24.
  2. ↑ 2.0 2.1 2.2 "The Walt Disney Company Board Names James P. Gorman As Chairman, Effective January 2, 2025".The Walt Disney Company.https://thewaltdisneycompany.com/press-releases/the-walt-disney-company-board-names-james-p-gorman-as-chairman-effective-january-2-2025/.Retrieved 2026-02-24.
  3. ↑ 3.0 3.1 3.2 3.3 3.4 "James Gorman of Morgan Stanley, Going Against Type".The New York Times.June 29, 2014.https://www.nytimes.com/2014/06/29/business/james-gorman-of-morgan-stanley-going-against-type.html.Retrieved 2026-02-24.
  4. ↑ "Morgan Stanley Names James Gorman and Walid Chammah as Co-Presidents".Morgan Stanley.https://web.archive.org/web/20140914181224/http://www.morganstanley.com/about/press/articles/5851.html.Retrieved 2026-02-24.
  5. ↑ "Morgan Stanley Names James P. Gorman Chief Executive Officer".Morgan Stanley.https://web.archive.org/web/20140328054417/http://www.morganstanley.com/about/press/articles/1f6026c3-111e-4712-848e-c91301a391be.html.Retrieved 2026-02-24.
  6. ↑ "Morgan Stanley Completes Purchase of Brokerage Venture".Bloomberg News.June 28, 2013.https://www.bloomberg.com/news/2013-06-28/morgan-stanley-completes-purchase-of-brokerage-venture.html.Retrieved 2026-02-24.
  7. ↑ "Morgan Stanley CEO: We'll Buy Rest of Smith Barney's Assets".American Banker.https://www.americanbanker.com/news/morgan-stanley-ceo-well-buy-rest-of-smith-barneys-assets.Retrieved 2026-02-24.
  8. ↑ "Federal Reserve Comments — Morgan Stanley".Federal Reserve.March 24, 2015.https://www.federalreserve.gov/SECRS/2015/April/20150410/R-1505/R-1505_032415_129911_567392710655_1.pdf.Retrieved 2026-02-24.
  9. ↑ "The Walt Disney Company Board Names James P. Gorman As Succession Planning Committee Chair".The Walt Disney Company.https://thewaltdisneycompany.com/press-releases/the-walt-disney-company-board-names-james-p-gorman-as-succession-planning-committee-chair/.Retrieved 2026-02-24.
  10. ↑ 10.0 10.1 "Disney succession: Inside the search for a CEO to replace Bob Iger".Los Angeles Times.January 20, 2026.https://www.latimes.com/entertainment-arts/business/story/2026-01-20/disney-ceo-succession-who-will-replace-bob-iger-what-to-know.Retrieved 2026-02-24.
  11. ↑ "How James P. Gorman is Finding Bob Iger's Disney CEO Successor".WDW News Today.January 2026.https://wdwnt.com/2026/01/how-james-p-gorman-is-finding-bob-igers-disney-ceo-successor/.Retrieved 2026-02-24.
  12. ↑ "Disney's Iger hails new leadership team in town hall meeting".Los Angeles Times.February 4, 2026.https://www.latimes.com/entertainment-arts/business/story/2026-02-04/disney-board-wanted-meticulous-ceo-handoff-not-rigged-game.Retrieved 2026-02-24.
  13. ↑ "Insider Purchase: Director at $DIS Buys 18,000 Shares".Quiver Quantitative.December 15, 2025.https://www.quiverquant.com/news/Insider+Purchase%3A+Director+at+%24DIS+Buys+18%2C000+Shares.Retrieved 2026-02-24.
  14. ↑ "Most Influential 50 Are the Bankers, Investors Who Move Markets".Bloomberg News.September 8, 2014.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.Retrieved 2026-02-24.
  15. ↑ 15.0 15.1 "Top bankers among Australia Day honourees".The Australian Financial Review.January 22, 2020.https://www.afr.com/politics/federal/top-bankers-among-australia-day-honourees-20200122-p53tq9.Retrieved 2026-02-24.
  16. ↑ "Member (AM) in the General Division of the Order of Australia — James Patrick Gorman".Australian Government, Department of the Prime Minister and Cabinet.https://honours.pmc.gov.au/honours/awards/2005339.Retrieved 2026-02-24.
  17. ↑ "2011 Annual Dinner".Japan Society.http://www.japansociety.prod.3whst.com/page/about/press/2011_annual_dinner.Retrieved 2026-02-24.

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