Ted Pick
{{Short description|American business executive (born 1968)}}{{Infobox person
| name = Ted Pick
| birth_date = {{birth date and age|October 31, 1968}}
| education = Middlebury College
Harvard Business School (MBA)
| organization = Morgan Stanley
}}
Edward "Ted" Pick (born October 31, 1968) is an American business executive who is the Chairman and CEO of Morgan Stanley. Before becoming CEO in January 2024 and Chairman in January 2025, Mr. Pick served as Morgan Stanley’s Co-President, Co-Head of Firm Strategy and Head of the Institutional Securities Group, overseeing Investment Banking, Equities, Fixed Income, Global Capital Markets and Research.{{Cite web |title=Ted Pick |url=https://www.morganstanley.com/about-us-governance/operating-committee/ted-pick}}
Career
Pick joined Morgan Stanley as an analyst in 1990 after graduating from Middlebury College and Harvard Business School.{{Cite web|url=https://www.ft.com/content/c985151e-1897-4825-aa3c-d4c617351700|title=Morgan Stanley makes its choice: how Ted Pick won the CEO succession race|first1=Joshua|last1=Franklin|first2=Brooke|last2=Masters|date=October 26, 2023}}{{Cite web|url=https://www.businessinsider.com/meet-ted-pick-the-morgan-stanley-executive-likely-next-ceo-2023-7|title=How Morgan Stanley exec Ted Pick rose from 'rough edged' deal junkie to CEO|first=Hayley|last=Cuccinello|website=Business Insider}} His entry was facilitated through a connection with a classmate related to former Morgan Stanley chair S. Parker Gilbert.
In 2002, Pick was named managing director.{{Cite web|url=https://www.reuters.com/business/finance/five-facts-about-morgan-stanleys-new-ceo-ted-pick-2023-10-26/|title=Five facts about Morgan Stanley's new CEO Ted Pick|date=October 26, 2023|via=www.reuters.com}} By 2005, he was in charge of a division, and was involved in capital-raising activities during the 2007–2008 financial crisis. He became a member of the management committee in 2008.
From 2009 to 2015, Pick was involved in global equities trading and, subsequently, took on the role of rejuvenating Morgan Stanley's fixed-income business. This involved reducing its workforce by 25% and addressing revenue concerns. He later held the position of global head of sales and trading. Over the years, he has held various roles, including managing director and head of equity capital markets.
From 2021 to 2023, he served as the co-president of Morgan Stanley. He became the company's CEO at the beginning of 2024 and Chairman in January 2025.{{Cite news |last=Copeland |first=Rob |date=2023-10-26 |title=Morgan Stanley Names Ted Pick, a Bank Veteran, Its Next C.E.O. |url=https://www.nytimes.com/2023/10/25/business/morgan-stanley-ceo-ted-pick.html |access-date=2024-01-17 |work=The New York Times |language=en-US |issn=0362-4331}}
Personal life
Pick is married to his wife Betsey and has two daughters.https://www.brookings.edu/wp-content/uploads/2019/12/Bio_Ted-Pick_MS-2018.pdf He is a Trustee at the Metropolitan Museum of Art. He enjoys math problems.{{Cite web |last=Andriotis |first=AnnaMaria |date=October 26, 2023 |title=Ted Pick Is a Math Whiz Among Math Whizzes. He’s the New Morgan Stanley CEO. |url=https://www.wsj.com/finance/banking/ted-pick-is-a-math-whiz-among-math-whizzes-hes-the-new-morgan-stanley-ceo-9d66315b |website=WSJ}}
References
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{{succession box
| title = Chairman and CEO of Morgan Stanley
| before = James P. Gorman
| years = 2025-Present
| after = Incumbent
}}
{{s-end}}
{{Morgan Stanley}}
{{DEFAULTSORT:Pick, Ted}}
Category:American business executives
Category:Morgan Stanley people
Category:Middlebury College alumni