James Gorman talked to CNBC about whats next for Morgan Stanley and why it’s the government’s bank of choice.
He is a bundle of positivity about the market, and his bank.
And he’s bullish on Brazil and India.
Gorman is convinced that boosting the headcount will see the bank’s profits surge: “with talent comes performance; with performance, comes assets, comes growth.”
In fact, that’s his verbal M.O: “with confidence comes spending, with spending comes employment…”
He also said asset management is a priority, but Morgan Stanley has to “focus on what we’re naturally good at. Long-only institutional money has always been a strength going back. Our fund of funds business… is a tremendous capability that we have.”
And when asked where he sees growth in 2011: everywhere!
With James Gorman, comes irritating optimism.
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