(Reuters) -Morgan Stanley ( MS ) CEO Ted Pick's compensation was set at $34 million for 2024, his first year in the top job, a filing showed on Thursday.

Pick, a three-decade Morgan Stanley ( MS ) veteran, was paid $25 million in 2023 including a salary of $1 million as co-president of the investment bank.

Morgan Stanley's ( MS ) former chief, James Gorman, received compensation of $37 million in 2023, his last year at the helm.

At the time, he was the highest pay Wall Street bank CEO, ahead of JPMorgan Chase's Jamie Dimon, who received $36 million.