Morgan Stanley COO to Depart

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)