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Morgan Stanley’s Jon Pruzan, Onetime CEO Candidate, Exits Firm

  • Bank’s COO plans to pursue other options, James Gorman says
  • Pick, Saperstein, Simkowitz remain as likely CEO successors
Jon Pruzan
Jon PruzanPhotographer: Larry Lettera/Morgan Stanley
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Morgan Stanley Chief Operating Officer Jon Pruzan, a longtime lieutenant to James Gorman and once considered a potential candidate to succeed him as chief executive officer, is exiting the firm.

Pruzan, who’s leaving at the end of the month, departs after a 28-year run that included a six-year stint as chief financial officer — the public face of the firm to investors and analysts. The 54-year-old plans to pursue other opportunities, according to Gorman.