Pick, who joined the company in 1990 and was promoted to Managing Director in 2002, leads the institutional securities division, home to investment banking and trading.
Morgan Stanley also said Andy Saperstein will become the bank’s co-president and head of wealth and investment management, while Dan Simkowitz will take on the role of co-president and head of institutional securities.Saperstein leads wealth management, which generates the most revenue of Morgan Stanley’s businesses. Strong performances from the unit in recent quarters has helped the firm mitigate a slump in dealmaking.
Simkowitz, a three-decade veteran of the banking industry, is the head of investment management at Morgan Stanley. He is also the co-head of the firm’s strategy and execution.
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