By Andrei Skvarsky.
Morgan Stanley has named Jonathan Pruzan, co-head of the bank’s global financial institutions group in investment banking, as chief financial officer to replace Ruth Porat, who has been hired as finance chief by Google, according to various media reports.
Reuters said Pruzan, 46, joined Morgan Stanley in 1994. It quoted the Wall Street corporation’s chief executive, James Gorman, as saying in a memo to staff that Pruzan “understands the current regulatory environment, having shepherded clients through the Fed’s stress test”.
RTTNews said Porat leaves Morgan Stanley on April 30. The US-based online news service said Pruzan had served on the Morgan Stanley/Mitsubishi UFJ Financial Group steering committee since 2013 and would continue to do so.