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Morgan Stanley, the $24.7 billion financial services firm, named Ruth Porat CFO. She succeeds Colm Kelleher, the CFO since 2007, who was named co-president of institutional securities. As global head of Morgan Stanley’s financial institutions group since 2006, Porat, 52, led the team advising the U.S. Treasury on Fannie Mae and Freddie Mac. Since joining Morgan Stanley in 1987, she also led the company’s equity capital markets technology business and served as co-head of the global technology group.

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