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Ruth Porat, chief financial officer and executive vice president of Morgan Stanley, announced on Tuesday that she would leave the Wall Street firm and make a move to Silicon Valley, according to a memo. The California native will join Google as CFO.
Google said Porat will start her new role on May 26.
Jonathan Pruzan, co-head of the global financial institutions group in investment banking, will be appointed CFO upon Porat's departure, Morgan Stanley confirmed.
Porat joined Morgan Stanley in 1987 and helped lead tech banking during the Internet boom.
—Reuters contributed to this report.