Morgan Stanley Chairman and Chief Executive Officer James Gorman

Morgan Stanley Chairman and Chief Executive Officer James Gorman

Simon Dawson/Bloomberg

James Gorman, chief executive officer of Morgan Stanley, poses for a photograph on the opening day of the World Economic Forum (WEF) in Davos. Morgan Stanley shares jumped 64 percent last year as it improved profit margins in the retail brokerage and generated the most equity-trading revenue since the financial crisis.