Zoe Cruz was head of institutional securities as well as retail brokerage for Morgan Stanley.Cruz survived the Morgan Stanley power struggle that saw the ouster of Philip Purcell and the arrival of John Mack as chief executive in 2005, but was let go in 2007. At the time she was Wall Street’s highest-paid female executive. Cruz had been responsible for the division that made loss-making mortgage investments.
Cruz joined Morgan Stanley's investment banking division in 1982, straight out of school. In 1990, she was named a managing director, and from 1993 to 2000, she was co-head of the foreign exchange division. From 2000 to 2005, Cruz ran the investment bank's global fixed-income, commodities and foreign exchange business.
Cruz went to Harvard, and then Harvard Business School, where she was one of only 168 women in a class of 755.
- Only the Men Survive. New York Magazine.
- Morgan Stanley’s Zoe Cruz Goes Amid Fears Of Greater Writedowns. Times Online.