The arrival of James Gorman as the new CEO of Morgan Stanley has led to several executive moves. The institution has given Thomas Nides, chief administrative officer, more technology and operations responsibility. Jim Rosenthal, who had been head of technology and operations, will be COO of Morgan Stanley Smith Barney and head of corporate strategy. The Payments Processing Information Sharing Council has appointed vocal council advocate and Heartland Payments Systems chair Bob Carr as committee chair. Other members include Rick Van Luvender, director of InfoSec Incidence Response, who was named vice chair. Fiserv vp of industry relations Stuart Williams was elected vice chairman of NACHA's council for electronic billing and payments. Jim Fitzpatrick is Experian's new CIO, joining Experian from Integnology, where he was COO. Algorithmic trading tech firm Progress Software has named John Bates CTO.
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At more than 80 million strong, Millennials are the largest generation ever. They’re also the most diverse, most educated, comprise the largest segment of the American workforce, hold the most purchasing power, and are poised to inherit more wealth than any other generation.