Morgan Stanley headquarters in New York

At the time of the 2021 reorganization, Gorman told the Morgan Stanley board he wanted to remain CEO for at least three years.

Pruzan played a key role in the company’s recent acquisitions, some of the biggest for a U.S. bank since the crisis, including those of E-Trade and Eaton Vance.

The long-time investment banker was tapped for the CFO role in 2015, when Ruth Porat departed that role for a similar one at Google, now part of Alphabet Inc. Pruzan attended Horace Mann School and Tufts University before joining Paine Webber in 1990.

A native New Yorker, he once wanted to start a restaurant, worked as line cook and managed a diner while in college. But over the last three decades, he’s played his part in making the Pruzan name well known on Wall Street.

His brother Michael was a banker at Goldman Sachs Group Inc. and another brother, Robert Pruzan, is the co-founder of Centerview Partners, which was started in 2006.

(Photographer: Victor J. Blue/Bloomberg)

Copyright 2023 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

See also  Cancelling Your Luso-American Financial Life Insurance Policy