Morgan Stanley exec departure sparks more CEO succession talk

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Morgan Stanley exec departure sparks more CEO succession talk
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COO and former CFO John Pruzan is retiring in a move that narrows the list of potential replacements if CEO James Gorman steps down

The departure of long-time Morgan Stanley executive Jonathan M. Pruzan is narrowing the field of potential future chief executive officers at the marquee investment bank, an analyst said Tuesday.

Bloomberg initially... The departure of long-time Morgan Stanley executive Jonathan M. Pruzan is narrowing the field of potential future chief executive officers at the marquee investment bank, an analyst said Tuesday. Bloomberg initially reported the departure of Puzan and that he was planning to pursue other opportunities.

CEO James Gorman has been in the job since 2010 and likely successors are now limited to three key department heads: Ted Pick, head of institutional securities group; Andy Saperstein, head of wealth management and Dan Simkowitz, head of investment management, Hawken said.

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