Jan 9 (Reuters) – Morgan Stanley Chief Working Officer Jon Pruzan will retire from the financial institution on the finish of the month, based on a memo seen by Reuters.
Previously the finance chief on the Wall Road titan, Pruzan was made COO as a part of a management shakeup in mid-2021, which resulted in 4 new appointments.
On the time, the financial institution’s chief government, James Gorman, stated he was “extremely assured” one of many 4 could be the financial institution’s CEO sooner or later.
Traders have lengthy been speculating about who would succeed Gorman, who joined the financial institution in 2006 and took over as CEO in 2010.
With Pruzan gone, the listing of potential successors to Gorman embody co-presidents Ted Choose and Andy Saperstein and funding administration chief Dan Simkowitz.
The contents of the memo had been confirmed by a spokesperson for the financial institution. Bloomberg Information first reported Pruzan’s exit.
(This story has been corrected to vary first identify of Morgan Stanley CEO to James from Jamie in paragraph 3)
Reporting by Niket Nishant in Bengaluru; Enhancing by Shailesh Kuber
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