Columbia Business School today announced that James Gorman ’87, chairman and CEO of Morgan Stanley, will assume the role of co-chair of Columbia Business School’s Board of Overseers. Gorman joins co-chair Henry Kravis ’69, a pioneer in the private equity industry and founder of Kohlberg Kravis Roberts & Co. (KKR). Gorman takes the reins from Art Samberg ’67, who was the Board of Overseers co-chair since 2008; Samberg will remain on the board.
A member of the Board of Overseers since 2005, Gorman joined Morgan Stanley in 2006 as president and chief operating officer of the Global Wealth Management Group. In 2007 he was named the company’s co-president and co-head of corporate strategy. He has served as Morgan Stanley’s CEO since 2010 and chairman since 2012.
Gorman has provided generous support to multiple initiatives at the Business School, including the creation of the James Gorman Professorship of Business Strategy. He personally supported the School’s new facilities in Manhattanville, and coordinated a gift from Morgan Stanley and several Columbia alumni at the firm that resulted in a nearly $5.5 million gift to name two classroom suites in the School’s new buildings, which are currently in the underground construction phase.
“We are so grateful to have James taking on this leadership role at such a pivotal time for the School,” said Dean Glenn Hubbard. “Preparation for the School’s transition to its future Manhattanville home is underway, and focus has been renewed on strengthening efforts to benefit the student body, faculty, and alumni community.”
Hubbard noted the School’s numerous advancements under Samberg’s co-chairmanship. “We can’t thank Art enough for serving as co-chair for nine years,” Hubbard said. “Under his leadership, the School has expanded its global reach and experienced remarkable growth in alumni involvement and overall giving.”
Samberg joined the Board of Overseers in 2000, assuming the co-chairmanship in 2008. During his tenure as co-chair, he spearheaded a $25 million faculty challenge gift that resulted in the creation of 17 new endowed professorships. In addition, he pledged $25 million toward the School’s new facilities in Manhattanville.
Samberg is the manager of Hawkes Financial Services and a member of Acadia Woods Partners, family entities involved in the financial industry with an emphasis on technology-based venture capital. Samberg established and oversaw the Pequot Capital funds from 1986 through 2009. He is also a member of the board and executive committee of Tri Alpha Energy and chairman of the board of JetSuite. He is on the board of Confluent Development, ClearMotion, and OpenMobile.
Columbia Business School’s Board of Overseers has 110 members across the globe who contribute their valuable expertise and wide-ranging business ties to advance the School’s thought leadership and help students and alumni continue to lead and shape the business world.