Morgan Stanley (MS) CEO James Gorman said Friday he plans to step down from his role leading the firm within the next year.

“The specific timing of the CEO transition has not been determined, but it is the board’s and my expectation that it will occur at some point in the next 12 months,” Gorman said during the bank’s annual shareholder meeting.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.