Gorman Goes Hunting Again With $7 Billion Eaton Vance Deal (1)

More than a decade into his tenure, James Gorman is busier than ever remaking his firm.

The Morgan Stanley chief has carried out a dealmaking blitz that’s transformed the white-shoe firm from a Wall Street specialist to a big player in the world of money management. If stealing away a wealth manager from Citigroup Inc. propelled the Melbourne-born banker to the top perch in 2010, his recent shopping spree guarantees that the 62-year-old executive’s mark will be left on Morgan Stanley long after he’s gone.

Gorman’s two latest mega-deals -- the takeover of E*Trade Financial Corp., to go after millennials ...