Deals
Gorman Goes Hunting Again With $7 Billion Eaton Vance Deal
- Morgan Stanley CEO remakes the investment bank he inherited
- Agreement follows the acquisition of E*Trade Financial
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More than a decade into his tenure, James Gorman is busier than ever remaking his firm.
The Morgan Stanley chief has carried out a dealmaking blitz that’s transformed the white-shoe firm from a Wall Street specialist to a big player in the world of money management. If stealing away a wealth manager from Citigroup Inc. propelled the Melbourne-born banker to the top perch in 2010, his recent shopping spree guarantees that the 62-year-old executive’s mark will be left on Morgan Stanley long after he’s gone.