Rob Parson at Morgan Stanley

Rob Parson at Morgan Stanley

Background:

Morgan Stanley had historically been weak was in delivering capital markets services to financial services firms such as banks and insurance companies. Paul Nasr brought Rob Parson in to expect make some improvements on this weak area because Rob Parson had a proven track record in financial services and Nasr felt Parson had the type of energetic, entrepreneurial nature that Morgan Stanley needed.

Capital markets services requires employee have great relationship skills, great understanding of client’s business, ability to work with product specialists, as well as great market judgement and understanding of the market.

People in Morgan Stanley:

Product specialists only understand product, they don’t always understand client’s needs (market)

Market specialists only understand market, they don’t always understand product.

---Parson definitely will get trouble to pull support people out when the time/schedule is critical. That’s part of the reason why he lost patience.

Morgan Stanley Culture:

Morgan Stanley distinguish people by creating an environment that fosters teamwork and innovation, by developing and utilizing employees’ abilities to the fullest, and by treating each other with dignity and respect.

Rob Parson:

Rob looks a challenger in the team and from his good relationship with clients, I think he’s communicator type person too. Rob is more hands-on, and didn’t gain a degree from a good school, but brilliant do well if he’s interested. This type of person is smart, knowledgeable, aggressive, more independent and easy to lose patience, and it is hard to do a collaborating work with other people in a team.

This is what Parson looks like: strong revenue producer and had generated a great deal of new business of the firm. But meanwhile the team member felt he’s sharp-tongued, impatient and often different to work with.

Parson is too focus on the client and revenue side, ignored the internal politics and...