A former CFO of Morgan Stanley, Ruth Porat is now CFO of Google, it will replace the current CFO, Patrick dude who announced his retirement on 10 March
Porat, which is considered the "most powerful woman on Wall Street" joined Morgan Stanley in 1987 as perform multiple functions, including Vice President - Investment banking, Head of Technology Investment Banking, Global Head of the Financial Institutions Group before being appointed CFO in January 2010.
It plays an important role during the financial crisis, and also participates in offering one of the largest IPO-s, including those of Amazon and eBay. It advised the finance ministers of Fannie Mae and Freddie Mac.
She was about to leave Morgan Stanley back in 2013 to join the US Federal Reserve, but little later denied.
Porat will be officially presented to the CFO of Google on May 26, it will happen a formal conference with CEO-it company, Larry Page. She joined the Internet giant a time when investors and analysts fear that the company's growth continues to slow.
Business Insider
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.