John J. Mack
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Mack John J. Mack
Morgan Stanley's chief executive, John J. Mack, to attract a new wave of investment banking talent to build a business in areas he has targeted for growth. For Mr. Mack, the new hires counter a series of senior executive departures to rival banks and start-up investment boutiques. Charged with the daunting task of revamping Morgan Stanley's struggling brokerage division, Mr. Gorman, had a meeting with Mr. Mack. The hires reflect a renewed push by Morgan Stanley's chief executive, John J. Mack, to attract a new wave of investment banking talent to build business in areas he has targeted for growth. For Mr. Mack, the new hires counter a series of senior executive departures to rival banks and start-up investment boutiques run by former Morgan Stanley bankers. Charged with the daunting task of revamping Morgan Stanley's struggling brokerage division, Mr. Gorman, after an initial meeting with Mr. Mack last Friday, has spent the week meeting with the firm's top-producing brokers.