Hi everybody. Now, one of the industries where the CEO makes the biggest difference is banking.

We have seen really interesting developments and a huge differential between the good banks and the bad banks of the last few years.

And therefore, we have decided to rerun the incredibly interesting podcast we did with the CEO of Morgan Stanley, James Gorman.

We are back on the 7th of August with a total new lineup for the autumn. You will be amazed.

Tune in. James, you are one of the most influential people in global finance,

and now you are stepping down after a fort in very successful years. And it's an honor to be here with you.

And now that you're stepping down, you can tell us what you really, really think.

Well, let's see how we do.

Now, I'm starting with the beginning. You grew up in Melbourne, you were kind of the opposite of a

lone, only child. You grew up at the beginning with 11 siblings. What did that do to you?

Well, we had, I really grew up with nine. Two died early as young children. So my mother had 12 children, but I really had nine.

I think it teaches you everybody has some deficits

and everybody has some special things to give.

And it's a very normalizing environment.

You can't be too egotistical or you get pushed down by your siblings.

You find that there are others who are very good at certain things that you're not good at and vice versa.

It's just it's a very humbling environment, a very warm environment.

Were you in the middle or which number?

I was in the middle.

I was number six of ten.

It kind of helped your diplomatic skills, I guess.

Yeah, I think you're sort of the youngest of the first half of the family and I was the

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