You are here

Top Morgan Stanley exec quits after another is promoted

The exit of Mr Fleming (left) is a surprise as the wealth management unit under him has been a strong performer while Mr Kelleher's trading businesses have taken much flak.

New York

A SHUFFLE at the top of Morgan Stanley has led to the departure of Gregory Fleming, an executive who was once seen as a leading candidate to run the Wall Street firm.

Mr Fleming's departure was announced on Wednesday. He decided to leave after chief executive James Gorman