Finance
BofA’s Gapen to Join Morgan Stanley as Chief US Economist
- Gapen will begin new role in late November, according to memo
- Move follows similar positions at Bank of America, Barclays
Michael Gapen
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Michael Gapen, the head of US economics at Bank of America Corp., is departing the bank to take a similar role at Morgan Stanley.
Gapen will start at Morgan Stanley as chief US economist in late November, according to an internal memo reviewed by Bloomberg News. He will replace Ellen Zentner, who left her post this month to lead a newly created team within the bank’s wealth management business.