Morgan Stanley’s Mike Wilson Leaving Firm’s Global Investment Committee



(Bloomberg) — Mike Wilson, Morgan Stanley’s top US equity strategist, is stepping down from his role as chair of the firm’s Global Investment Committee, according to an internal memo.

The Wall Street giant’s top-rated US equity strategist will step off the GIC “to focus on serving his key institutional clients, where the demand for generating tactical alpha is intensifying,” the emailed note from Jed Finn, chief operating officer of Morgan Stanley Wealth Management, said Friday.

Lisa Shalett, chief investment officer for Morgan Stanley’s wealth management business, will assume day-to-day duties as chair of the committee, per the memo. Wilson remains Morgan Stanley’s top-rated US equity strategist and the firm’s chief investment officer.

A spokesperson for Morgan Stanley declined to comment on the changes.

“Over the past 10 years, the Global Investment Committee under the stewardship of Michael Wilson has delivered outstanding long-term results for private clients invested in the firm’s asset allocation models,” the memo said. “Now as Wealth Management’s focus on serving an ever more complex set of clients with long-term strategic needs grows, it is time for the GIC to evolve accordingly.”

Wilson joined Morgan Stanley in 1989 as an investment banker and held various positions within the bank’s institutional equity division between 1995 and 2012, according to the website. He’s one of Wall Street’s most prominent bears, and kept his call for a market decline throughout 2023 as the S&P 500 Index soared 24%.

Shalett joined Morgan Stanley in 2013 and has served as CIO of its wealth management arm since 2019.

Separately, Ellen Zentner, the firm’s chief US economist, will join the GIC, along with managing directors Dan Skelly and Steve Edwards.



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Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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