Carla Harris Is Stepping Down as Morgan Stanley Vice Chair (1)

Carla Harris, one of the few Black women to rise to the top echelons of Wall Street, is stepping down as Morgan Stanley’s vice chairman of wealth management.

She will be a senior client adviser to the firm, according to an internal memo sent Tuesday.

Harris, 59, who had been chair of the Morgan Stanley Foundation from 2005 to 2014, joined in 1987 after getting a bachelor’s degree and her MBA from Harvard University. Then, as now, Wall Street was mostly run by White men.

Carla Harris

Photographer: Christopher Goodney/Bloomberg

“It didn’t intimidate me,” she told Bloomberg News last year. “That’s what ...