Ted Pick

Ted Pick, who spent his entire career at Morgan Stanley, became the investment bank’s 11th CEO in January 2024. Pick rose through the ranks after starting as an analyst in 1990; later came a promotion to managing director, and he was named to the investment bank’s management committee in 2008. During the Global Financial Crisis, Morgan Stanley faced liquidity challenges and a potential collapse. It was Pick who persuaded Roberto Mignone, founder of hedge fund Bridger Capital, to keep his money at the bank. Blackstone, one of the first private equity firms to go public, also selected Morgan Stanley to lead its IPO in 2007 mainly because of Pick. For his first year as CEO, Pick received $34 million in compensation, making him one of the highest paid leaders of a U.S. bank.