(MT Newswires) -- Ted Pick, Morgan Stanley's new CEO, has taken over from James Gorman. He pledges to continue in the same vein as his predecessor, while preserving the spirit of the company. He plans to strengthen the synergy between the wealth management and investment banking services to better meet customers' needs. With a portfolio of assets totalling $6.5 trillion, the bank is establishing itself as a dominant force in the global market. Pick is banking on the Group's organic growth, but remains open to targeted acquisitions. He emphasises the growth potential in Asia, particularly in Japan, where Morgan Stanley has strengthened its activities.

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