Morgan Stanley CEO Ted Pick announced the firm is actively seeking merger and acquisition opportunities. Pick delivered the remarks Tuesday at the firm’s U.S. Financials Conference.
The bank anticipates U.S. regulators may adopt a more accommodating stance toward bank mergers. Pick identified wealth management and asset management as primary targets for inorganic growth.
This strategy signals a new expansion phase for the firm. The shift follows the integration of previous large-scale acquisitions, including E*TRADE and Eaton Vance.