Morgan Stanley CEO James Gorman has recovered from COVID-19, according to a Bloomberg report.
The executive, 61, recently told the bank’s employees that he had flu-like symptoms last month and tested positive for COVID-19, but he did not require a hospital stay during the illness.
The news was confirmed Thursday by a company spokesperson.
Morgan Stanley, which has some 15,500 financial advisors, is buying discount broker E-Trade Financial for $13 billion, creating a firm that could have over $3 trillion in client assets. It reportedly got Justice Department approval for the deal two weeks ago.
The firm will report its first-quarter 2020 earnings on Wednesday.