The chief financial officer of Morgan Stanley, Ruth Porat, is planning to leave the company to join Google in the same role, effective 26 May. She joined Morgan Stanley in 1987 and has played several key roles at the company, including Vice Chairman of Investment Banking, Global Head of the Financial Institutions Group and and co-Head of Technology Investment Banking.
Porat has spent the past five years as finance chief at Morgan Stanley. Earlier she helped bring technology and internet companies public during the 1990s. Clients included Priceline.com, Ebay and Amazon. Porat also advised on some of Morgan Stanley's highest profile assignments during the financial crisis, including the government takeovers of Fannie Mae and Freddie Mac, and worked with the Federal Reserve on its rescue of insurer American International Group.
She is also Vice Chair of the Stanford University Board of Trustees, a member of the US Treasury’s Borrowing Advisory Committee, a board director at The Council on Foreign Relations and a member of the Advisory Council of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.
Porat replaces Patrick Pichette, who earlier announced plans to retire to spend more time with his family. He worked as CFO at Google for nearly seven years.
