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Australian shares are set to edge lower. Shares in the US closed down. Industrials paced losses among eight of the 11 S&P 500 industry groups.
Jonathan Pruzan’s announced exit will leave Ted Pick and Andy Saperstein, the firm’s co-presidents, in the running alongside investment management chief Dan Simkowitz.
White dudes vying for the top job at Morgan Stanley, that is, now that the fourth white dude retired.
The exit of the bank’s chief operating officer narrows the list of potential successors to replace CEO James Gorman to just three.
Jon Pruzan, the public face of the firm the investors and analysts, is leaving at the end of the month after 28 years at Morgan Stanley.