10 Things You (Probably) Didn't Know About Morgan Stanley CEO James Gorman

gorman box

What could you say you really know about Morgan Stanley CEO James Gorman, besides the fact he’s the CEO of Morgan Stanley.

Unlike his banker brethren at the other bulge bracket banks, the Morgan Stanley chief isn’t a main street personality, and even on Wall Street he’s not as recognised — or perhaps notorious — as Blankfein, Dimon, Pandit or Moynihan.

Gorman was just profiled in Fortune though, and there were several details inside the story that gave us more of an insight into the high-flying Aussie banker.

He is one of 10 children

Gorman, who hails from Melbourne in Australia, is one of 10 children.

According to Fortune, one of his sisters sits on the Australian Supreme Court. And one of his brother's invented a device 'that helps you roll over when you're snoring.'

His father used to wake the family up every morning by blasting Irish folk music

'His dad used to wake them up every morning by blasting Tommy Makem and the Clancy Brothers,' Gorman's cousin told Fortune.

BlackRock's Larry Fink was the one who told John Mack to hire him for Morgan Stanley

Larry Fink told Mack to hire Gorman back in 2006.

He once flew to China for a 20 minute meeting and got back on a plane straight away

According to Fortune, Gorman cut short a vacation with his family in Anguilla to fly to China for a meeting with the Agricultural Bank of China about its IPO.

The meeting lasted 20 minutes, Gorman told the WSJ, and then he got on the plane, and flew home.

'He speaks in perfectly crafted sentences and paragraphs, in the modulated manner of the lawyer and consultant he has been in previous lives. And he has an exquisite but slightly aloof politeness.'

Source: Fortune

Compared to his predecessor John Mack, 'Gorman is a process man, not a salesman.'

Source: Fortune

He boxes

Gorman boxes. When Fortune asked, 'whether his own boxing includes taking punches, Gorman responds, 'I don't actually fight. I'm not stupid.''

In his office, he has a photo of Muhammad Ali meeting Elvis Presley, and a pair of boxing gloves signed by the boxing great.

'Here's how his friend Ken Buckfire, CEO of investment bank Miller Buckfire, describes Gorman's performance in a summer poker game that's been going on the better part of two decades: 'He's usually up a few bucks but never the big winner.''

Source: Fortune

He's not afraid of a good mass layoff

Even though he promised absolutely no layoffs at Morgan Stanley in 2010, Gorman's penchant for mass layoffs precedes him.

When he took over Merrill Lynch's brokerage unit, he sacked one third of the firm's brokers; when he began at Morgan Stanley in 2006, he sacked more than 1,000, according to Fortune.

Now that you know Gorman a little better, it's time to get to know some other bankers better...

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