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Morgan Stanley shakes up leadership roles

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Morgan Stanley unveiled a leadership shakeup that sets up potential successors for CEO James Gorman.

Ted Pick, a trading executive at the company, and Andy Saperstein, a wealth-management leader, were name co-presidents of the firm.

Gorman, who has led the company for 11 years, plans to stay on for at least three more years, a source familiar with the matter told Bloomberg.

Read more from Bloomberg.

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