Southpaw: Europe still the poor relation for Morgan Stanley despite the Gorman factor

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SOUTHPAW

Southpaw: Europe still the poor relation for Morgan Stanley despite the Gorman factor

Issue: 1164 - 23 July 2010

It’s not every quarter that you beat Goldman Sachs’s earnings. But that’s precisely what Morgan Stanley chief executive James Gorman has just done. However, despite re-energising the firm since taking over from John Mack last September, his European business remains underpowered. ..

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