BusinessPeople In BusinessMorgan Stanley appoints Ruth Porat as CFO

Morgan Stanley appoints Ruth Porat as CFO

Management reshuffle at Morgan Stanley sees Porat take on the CFO role

Ruth Porat has been promoted to chief financial officer of
Morgan
Stanley
.

Porat, who served as its global head of financial institutions, is just part
of a major reshuffle of the investment bank’s management team. James Gorman had
already been lined up as its new CEO from the end of the year in place of John
Mack.

English-born Porat gained a degree from the
London School
of Economics
, and has headed the team that advised the US Treasury
on the nationalisation of Fannie Mae and Freddie Mac.

She began her career at the firm in 1987 within the M&A department.

Further reading:

Baroness Hogg crowned FRC
chair

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