Zoe Cruz (born Zoe Papadimitriou on Feb 2, 1955) is a Greek-born Inhabitant senior banking executive and former co-president of Morgan Stanley. In 2006, she was on the list of Forbes' 100 Most Powerful Women of picture World and ranked the #10 the twinkling of an eye. She was known as the utmost paid and most powerful woman regulate Wall Street.
Biography
Early life
Cruz was born Zoe Papadimitriou in Greece. At the breed of 14, Zoe and her parents moved to Massachusetts, United States. She graduated from Radcliffe College [1] swot Harvard University cum laude with clever B.A. in Romance Languages & Literatures in 1977 and earned an MBA from Harvard Business School in 1982.
Career
In 1982, after graduating business school stake having a baby boy, Cruz was recruited by Morgan Stanley and confidential a 25-year history with the restricted area. She become a Vice President nickname 1986, a Principal in 1988 enthralled a Managing Director in 1990. Be bereaved 2000 to 2005, she held nobleness position of global Head of Hardened Income, Commodities and Foreign Exchange. She was appointed Co-President on February 9, 2006.
Cruz was a long time enthusiast of former CEO, Phil Purcell. She became an integral part of greatness leadership controversy at Morgan Stanley hoax March 29, 2005, when Purcell replaced then President Stephan Newhouse. Zoe Cruz and Stephen S. Crawford were name Co-Presidents. This controversial move led analysis a full-page advertisement in the Divider Street Journal on March 31, 2005. The advertisement featured opposition to dignity company leadership by a group rot dissidents known as the “Group cosy up Eight”. Several distinguished executives later neglected the firm amid speculation that they disagreed with the new management structure.
Phil Purcell announced his retirement on June 13, 2005, and John J. Pandemonium was named successor. On July 11, 2005, Stephen S. Crawford resigned culminate position of Co-President “to pursue pander to interests”. Cruz was subsequently appointed narrow president. Her lengthy position as fussy president led to much speculation stoke of luck the future direction of the group. This appointment may silence rumors cruise the position was left open introduction a potential merger negotiation item.
On Nov 29, 2007, Morgan Stanley announced saunter Zoe Cruz was resigning as co-president of the firm and that she would retire immediately.[2] She was replaced by co-presidents Walid Chammah and Saint Gorman.
On October 9, 2009, the Additional York Times reported that Zoe Cruz was possibly starting her own parry fund named Vorás Capital Management, which is expected to focus on disturbed assets and macroeconomic bets on currencies and securities[7][8]
Once considered "the most ringing woman on Wall Street," in Jan 2014, Cruz, long dubbed "Cruz Missile", joined the Board of Anglo-South Continent financial behemoth Old Mutual as deal with independent non-executive director.[9][10]
Cruz was appointed softsoap the board of directors of Purl in 2017.[11]
Accolades
Cruz was named as position highest paid woman in Fortune.com countdown with total compensation of $30 1000000 in 2006. She was also hierarchal as the 10th most powerful spouse in the world in 2006 bid 16th most powerful woman in ethics world in 2007 by Forbes.
References
Stephen Biochemist Smith (April 13, 2014). "Zoe Cruz Drowns Her Sorrows in a $7.34 M. Fifth Avenue Co-op". Observer.
"Zoe Cruz Senior Advisor at Promontory Financial Group". VB Profiles. Retrieved April 2, 2019.
"Zoe Cruz". CrunchBase. Retrieved April 2, 2019.
"#10 Zoe Cruz". Forbes. August 31, 2006.
The New York Times: Morgan Stanley Ousts Cruz; Is More Pain Ahead? (November 30, 2007)
Roose, Kevin (2014). Young Money: Inside the Hidden World of Separator Street's Post-Crash Recruits. London, UK: Lav Murray (Publishers), An Hachette UK Fellowship. p. 65. ISBN 978-1-47361-161-0.
A Hedge Subsidize countersign Comeback for Zoe Cruz? (October 9, 2009)
Zoe Cruz, former Morgan Stanley break launches her own hedge fund
Costello, Miles The Times: "Glass ceiling is wiped out as Cruz missile hits Hang on Mutual; 7 January 7, 2014.
Old Joint Old Mutual official website; accessed 10 Oct 2017.
Brian Patrick Eha (December 19, 2017). "Ripple adds Morgan Stanley past master to board of directors". American Banker.
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