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Ideas Coronavirus: Economic Risk and Recovery

Sustainability The Scale of Sustainable Investing

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What We Do
What We Do
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About Us
- Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Underpinning all that we do are five core values.
  
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- Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Underpinning all that we do are five core values.
  
  Leadership
  
  Morgan Stanley leadership is dedicated to conducting first-class business in a first-class way. Our board of directors and senior executives hold the belief that capital can and should benefit all of society.
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  History
  
  From our origins as a small Wall Street partnership to becoming a global firm of more than 60,000 employees today, Morgan Stanley has been committed to clients and communities for 85 years.
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- Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Underpinning all that we do are five core values.
  
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Featured

Careers Meet the Minds Breaking the Mold

Careers Explore Our Culture

Technology Yes, You Can Be a Tech Innovator at Morgan Stanley

Board of Directors

As of April 14, 2021

James P. Gorman

Mr. Gorman is Chairman and CEO of Morgan Stanley. Mr. Gorman became CEO in January 2010 and Chairman in January 2012. He joined the Firm in February 2006 and was named Co-President in December 2007. Before joining Morgan Stanley, Mr. Gorman held a succession of executive positions at Merrill Lynch. Prior to this, he was a senior partner of McKinsey & Co. and began his career as an attorney in Melbourne, Australia. Among his civic activities, Mr. Gorman serves as a Director of the Federal Reserve Bank of New York and the Council on Foreign Relations, and Co-Chair of the Board of Overseers of the Columbia Business School, and is a member of the Financial Services Forum, Business Council and the Business Roundtable. He formerly served as President of the Federal Advisory Council to the U.S. Federal Reserve Board, Co-Chairman of the Partnership for New York City, Chairman of the Board of the Securities Industry and Financial Markets Association and Co-Chairman of the Business Committee of the Metropolitan Museum of Art. Mr. Gorman, who was born in Australia, earned a B.A. and Law degree from the University of Melbourne and an M.B.A. from Columbia University.

Elizabeth Corley

Elizabeth Corley has been a director since 2018. From April 2018 until December 2019, she served in executive and non-executive roles as Senior Advisor to Allianz Global Investors (U.K.) Ltd., where she was non-executive Vice Chair from March 2016 until March 2018 and global Chief Executive Officer from January 2012 to February 2016. She joined the company in 2005 as European CEO. Prior to joining Allianz, Ms. Corley spent eleven years working at Merrill Lynch Investment Managers (formerly Mercury Asset Management) during which she became Managing Director and Head of the EMEA Asia Pacific Mutual Fund Business. Ms. Corley previously served two terms as Chairwoman of the Forum of European Asset Managers. She served on the board of the Financial Reporting Council for six years until March 2017. She has been a trustee of the British Museum since 2016. She is a director on the Boards of Pearson plc and BAE Systems plc. Having previously set up and chaired the FICC Standards Board and the Taskforce for the UK Government on impact investing, Ms. Corley has assumed the position of Chair of the Impact Investing Institute. She is an Advisory Council member for the AQR Institute of Asset Management at London Business School. In 2016, Ms. Corley was elected to the Board of Governors of the CFA Institute and is a fellow of the U.K. Society of Investment Professionals. She is a member of the Committee of 200, a membership organization of the world's most successful women business leaders. As well as being a fellow of the Royal Society of Arts, Ms. Corley is a published author of crime thrillers. She holds a Post Graduate Diploma in Management Studies. She was awarded a CBE in 2015. In 2016, she was awarded an honorary doctorate from the London Institute of Banking and Finance and in 2019 she received an honorary fellowship from London Business School.

Alistair Darling

Mr. Darling has been a director since January 2016. He formerly served as a member of the House of Lords in the British Parliament from December 2015 to July 2020, a member of the House of Commons from 1987 to 2015, a member of Parliament for Edinburgh South West from 2005 to 2015 and a member of Parliament for Edinburgh Central from 1987 to 2005. Mr. Darling has held several leadership positions, including as Chancellor of the Exchequer from 2007 to 2010, Secretary of State for Trade and Industry from 2006 to 2007, Secretary of State for Scotland from 2003 to 2006, Secretary of State for Transport from 2002 to 2006, Secretary of State for Social Security/Work and Pensions from 1998 to 2002 and Chief Secretary to the Treasury from 1997 to 1998. He also served as the Chairman of the Better Together campaign in the Scottish referendum from 2012 to 2014. Mr. Darling currently serves as non-executive Chair and trustee of the Standard Life Foundation and is honoree president of the Royal Institute of International Affairs (Chatham House). He graduated with a degree of LLB from the University of Aberdeen.

Thomas H. Glocer

Mr. Glocer has been a director since 2013 and Independent Lead Director since September 2017. He served as Chief Executive Officer of Thomson Reuters Corporation, a news and information provider for businesses and professionals, from 2008 through 2011 and as Chief Executive Officer of Reuters Group PLC from 2001 to 2008. He joined Reuters Group PLC in 1993 and served in a variety of executive roles before being named Chief Executive Officer. Mr. Glocer was a mergers and acquisitions lawyer at the law firm Davis Polk & Wardwell from 1984 to 1993. He is the founder and managing partner of Angelic Ventures, L.P. Mr. Glocer is also a member of the board of Merck & Co., Inc., K2 Intelligence, the Council on Foreign Relations and the supervisory board of Publicis Groupe. He is a trustee of the Cleveland Clinic, and serves on the advisory boards of the President’s Council on International Activities at Yale University, the Columbia University Global Center (Europe), the Social Sciences Research Council and GP Investments.

Robert H. Herz

Mr. Herz has been a director since July 2012. He served as Chairman of the Financial Accounting Standards Board from 2002 to 2010 and was previously a member of the International Accounting Standards Board . He is currently President of Robert H. Herz LLC, providing consulting services on financial reporting matters, and is a director of the Federal National Mortgage Association (Fannie Mae), Workiva Inc., Paxos Trust Company and the Sustainability Accounting Standards Board. In addition, Mr. Herz is a member of the Independent Investment Committee of United Nations Office for Project Services. Mr. Herz served as a partner with PricewaterhouseCoopers LLP from 1985 until 2002. He currently serves on the advisory boards of AccountAbility and Lukka, Inc. He also is an executive-in-residence at the Columbia University Business School, and trustee emeritus of the Kessler Foundation. Mr. Herz holds a Bachelor of Arts degree in Economics from the University of Manchester, England, and is both a U.S. CPA and an English Chartered Accountant.

Nobuyuki Hirano

Mr. Hirano has been a director since November 2015. He served as Chairman of Mitsubishi UFJ Financial Group, Inc., one of the world’s leading financial groups, from April 2019 until March 2021, and was President and Group CEO of MUFG from April 2013 to March 2019. He has served as Senior Advisor of MUFG Bank, Ltd., the core commercial banking unit of MUFG, since April 2021, Director of MUFG Bank from June 2005 until March 2020, and Chairman of MUFG Bank from April 2016 to March 2019. Mr. Hirano has been serving as Director of MUFG since June 2010, with the title of Deputy President from October 2010 to March 2012. He served as President and CEO of MUFG Bank from April 2012 to March 2016 and Deputy President of MUFG Bank from June 2009 to March 2012. He served as Managing Officer of MUFG from 2009 to 2010, and as Senior Managing Director from 2008 to 2009 and Managing Director from 2006 to 2008 of MUFG Bank. Mr. Hirano has held numerous senior-level positions in Japan and abroad since joining The Mitsubishi Bank, Limited in 1974, including in the Corporate Planning Office and Corporate Banking Division of The Bank of Tokyo-Mitsubishi, Ltd. He is also a member of the board of Toyota Motor Corporation. Mr. Hirano previously served as a director of Morgan Stanley from 2009 to 2011.

Shelley B. Leibowitz

Ms. Leibowitz has been a director since October 2020 and formerly served as a member of the E*TRADE board of directors from December 2014 until its acquisition by Morgan Stanley. She is President of SL Advisory, a firm she founded in 2016 that provides advice and insights in innovation and digital transformation, information technology portfolio and risk management, digital trust, performance metrics, and effective governance. From 2009 to 2012, Ms. Leibowitz served as Group Chief Information Officer for the World Bank. Previously, Ms. Leibowitz held Chief Information Officer positions at Morgan Stanley, Greenwich Capital Markets, Barclays Capital, and Investment Risk Management. Ms. Leibowitz is currently a director of BitSight, a cyber risk management firm, and the New York Board of the National Association of Corporate Directors, and is a member of the Council on Foreign Relations, and serves on the Visiting Committee of the Center for Development Economics at Williams College. Previously, Ms. Leibowitz served on the boards of Massachusetts Mutual Life Insurance Company, Endgame, a provider of cybersecurity capabilities to the US intelligence and defense communities, and Alliance Bernstein Holding LP. She graduated Phi Beta Kappa from Williams College with a BA in Mathematics.

Stephen J. Lucz0

Mr. Luczo has been a director since October 2019. He serves on the Board of Seagate Technology plc and served as Chairman of the Board from 2002 until July 2020. From October 2017 to October 2018, he also served as Executive Chairman, and prior to that, he served two tenures as Seagate’s Chief Executive Officer and Chairman. Mr. Luczo joined Seagate in October 1993 as Senior Vice President of Corporate Development. In September 1997, he was promoted to President and Chief Operating Officer of Seagate Technology, Inc. (Seagate Technology plc’s predecessor) and in July 1998, he was promoted to Chief Executive Officer. Mr. Luczo resigned as CEO in July 2004 but retained his position as Chairman of the Board. In January 2009, Mr. Luczo was again appointed CEO by the board. Prior to joining Seagate in 1993, Mr. Luczo was Senior Managing Director of the Global Technology Group of Bear, Stearns & Co. Inc. from February 1992 to October 1993. Mr. Luczo is also a member of the board of AT&T Inc. He is also a member of the Advisory Board for All-Stars Helping Kids, a senior advisor to non-profit educational organization the Silicon Valley Japan Platform and is active in a variety of charitable and for-profit ventures through a wholly owned entity, Balance Vector, Inc.

Jami Miscik

Ms. Miscik has been a director since November 2014. She is currently CEO and Vice Chair of Kissinger Associates, Inc., a New York-based strategic international consulting firm that assesses and navigates emerging market geopolitical and macroeconomic risks for its clients. She served as President and Vice-Chair of Kissinger from 2009 to 2015. Ms. Miscik was the global head of sovereign risk at Lehman Brothers from 2005 to 2008, served at the Central Intelligence Agency from 1983 to 2005 and was Deputy Director for Intelligence from 2002 to 2005. She also was a Senior Advisor for Geopolitical Risk at Barclays Capital. Ms. Miscik holds a Bachelor of Arts degree in Political Science and Economics from Pepperdine University, a Master's Degree from the University of Denver's School of International Studies, and an honorary doctorate in public service from the University of Denver. She is a member of the board of General Motors and HP Inc. and is also a Co-Vice Chair of the Council on Foreign Relations, In-Q-Tel and the American Ditchley Foundation and was Co-Chair of the President's Intelligence Advisory Board.

Dennis M. Nally

Mr. Nally has been a director since October 2016. He is the former Chairman of PricewaterhouseCoopers International Ltd., the coordinating and governance entity of the PwC network, serving from 2009 until July 2016. Prior to that, he was the Chairman and Senior Partner of the U.S. firm of PricewaterhouseCoopers LLP. Mr. Nally joined PricewaterhouseCoopers LLP in 1974 and became a partner in 1985. He served in numerous leadership positions within PricewaterhouseCoopers LLP, including National Director of Strategic Planning, Audit and Business Advisory Services Leader, and Managing Partner. Mr. Nally is a member of the board of AmerisourceBergen Corporation. He is also a member of the American Institute of Certified Public Accountants and the New York State Society of CPAs. Mr. Nally is Vice Chairman of the Board of Directors for The HOW Institute for Society. He serves on the Carnegie Hall Society Board of Trustees and as Vice Chair and Board member of the U.S. Council for International Business. Mr. Nally is a graduate of Western Michigan University and also completed the Columbia University and Penn State University Executive Programs.

Takeshi Ogasawara

Mr. Ogasawara has been a director since May 2019. He has been an Advisor of MUFG Bank, Ltd., the core commercial banking unit of Mitsubishi UFJ Financial Group, Inc. since June 2016. He served as Director of Bank of Ayudhya Public Company Limited (Krungsri), a subsidiary of MUFG Bank in Thailand, from January 2014 to June 2018. He was Deputy President of MUFG Bank from May 2012 to June 2016, the Head of Central Region of Japan of MUFG Bank from May 2012 to May 2016 and Chief Compliance Officer of MUFG Bank from May 2009 to May 2012. Mr. Ogasawara has held numerous senior-level positions since joining The Tokai Bank, Ltd., one of the legacy banks of MUFG Bank, in 1977.

Hutham S. Olayan

Ms. Olayan has been a director since 2006. Ms. Olayan is Chair of a private multinational enterprise, The Olayan Group, a major investor worldwide as well as a leading diversified business in Saudi Arabia. Ms. Olayan holds a bachelor’s degree from the American University of Beirut and an MBA from Indiana University. Ms. Olayan's outside affiliations include serving as a director at Brookfield Asset Management (since 2021) and at the Peter G. Peterson Institute for International Economics (since 2004) and the MasterCard Foundation, trustee of the American University of Beirut (since 1993), overseer of the Memorial Sloan-Kettering Cancer Center (since 2008) and member of the executive advisory board of General Atlantic. She is a member of various advisory councils of non-profit organizations, including the Belfer Center for Science and International Affairs of Harvard University, Carnegie Middle East Center and the Council on Foreign Relations. Ms. Olayan is also a founding member of the Arab Bankers Association of North America. She served as trustee of the Conference Board (2002 to 2008) and as a director of Thermo Electron Corporation (1987 to 2002).

Mary L. Schapiro

Ms. Schapiro has been a director since 2018. She is the Vice Chair for Global Public Policy and Special Advisor to the Founder and Chairman of Bloomberg L.P. and was previously managing director of Promontory Financial Group LLC from March 2013 to January 2014. Ms. Schapiro served as the Chair of the U.S. Securities and Exchange Commission, from January 2009 to December 2012. She was also the Chair and Chief Executive Officer of the Financial Industry Regulatory Authority (“FINRA”) from 2006 to 2008, and served in numerous other key executive positions at FINRA and its predecessor from 1996 to 2006, including Vice Chair and President of NASD Regulation. Ms. Schapiro served as Chair of the Commodity Futures Trading Commission from 1994 to 1996. She currently serves on the board of CVS Health Corporation. Ms. Schapiro is also Vice Chair of the Advisory Board of Promontory, as well as the Sustainability Accounting Standards Board and is a member of the Morgan Stanley Institute for Sustainable Investing Advisory Board. Ms. Schapiro is a graduate of Franklin and Marshall College and also received a Juris Doctor from George Washington University School of Law.

Perry M. Traquina

Mr. Traquina has been a director since 2015. He is the former Chairman, Chief Executive Officer and Managing Partner of Wellington Management Company LLP, a global multi-asset investment management firm, serving from 2004 through June 2014 as CEO and Managing Partner and from 2004 through December 2014 as Chairman. He was Partner, Senior Vice President and Director of Global Research at Wellington from 1998 to 2002 and President from 2002 to 2004. Mr. Traquina joined Wellington in 1980 and served in a number of executive roles before being named Chairman, CEO and Managing Partner. He is a chartered financial analyst, and earned his M.B.A. from Harvard Business School in 1980. He is a director at The Allstate Corporation and eBay Inc., Chairman of the Board of Trustees of Brandeis University and trustee of the Windsor School.

Rayford Wilkins, Jr.

Mr. Wilkins has been a director since 2013. He is former CEO of Diversified Businesses of AT&T, where he was responsible for international investments, AT&T Interactive, AT&T Advertising Solutions, customer information services and the consumer wireless initiative in India. Previously in his career, Mr. Wilkins held several leadership roles at AT&T and its predecessor companies, including Group President of Marketing and Sales at SBC Communications, President and CEO of SBC Pacific Bell, and President and CEO of Southwestern Bell Telephone, among others. He currently serves on the board of Caterpillar Inc. and Valero Energy Corporation. He is also a member of the Advisory Council of the McCombs School of Business at the University of Texas at Austin, where he holds a bachelor’s degree.