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Morgan Stanley names financial unit executives

MORGAN Stanley named investment bankers Eric Bischof and Jonathan Pruzan as global co-heads of its financial institutions group (FIG), replacing Ruth Porat who was named as the group’s chief financial officer last month.

The bank also named John Esposito as the head of FIG Americas, according to a memo send out on 29 December, that emerged yesterday.

It also named Yoichiro Ito and Takashi Kurose as co-heads of FIG Japan, taking over from Kohei Yuki who will remain a senior banker focusing on important FIG clients in Japan.

The appointments were effective from 1 January, 2010.

Bischof, 45, has been with Morgan Stanley for 13 years and was earlier global chief operating officer of the financial institutions group.

Pruzan, 41, a 15-year Morgan Stanley veteran, was co-head of North America FIG M&A.