Morgan Stanley CEO Sees Next Chapter for ‘Best’ Banking JV
- James Gorman sees alliance with MUFG lasting at least a decade
- Sees room to grow JV in foreign exchange, equities under Pick
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Morgan Stanley’s alliance with Mitsubishi UFJ Financial Group Inc. will last for at least another decade, the US bank’s outgoing chief executive officer said, hailing recent steps by their two joint ventures in Japan to deepen ties.
“I have no doubt that if you come back and interview me in another 10 years, you’ll find these joint ventures thriving,” James Gorman said during a Global Management Dialogue forum hosted Tuesday by the Nikkei.