Morgan Stanley’s CFO Ruth Porat has resigned from her position to become technology giant Google’s new finance chief.
Jonathan Pruzan, co-head of Morgan Stanley’s global financial institutions group in investment banking, will take over Porat’s role, the bank confirmed.
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Porat spent past five years in Morgan Stanley as finance chief besides serving the company as co-head of investment-banking to technology companies in her earlier stint.
Morgan Stanley chairman and CEO James Gorman said: "After a 28-year career at Morgan Stanley, Ruth Porat has decided to leave the firm to take on a new role in Silicon Valley and return to her California roots."
At Google, Porat will succeed Patrick Pichette, announced his retirement plans on March 10 .
Google said Porat will start her new role on May 26.
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