(Bloomberg) Morgan Stanley added Dennis M. Nally, a four-decade veteran of PricewaterhouseCoopers, to its board after long-serving director Laura D. Tyson stepped down in May.
Nally, 63, will join Oct. 1, New York-based Morgan Stanley said Tuesday in a statement. The move returns the board to 15 members after the departure of Tyson, a former head of the White House’s National Economic Council who served Morgan Stanley for almost two decades.
Nally, a former chairman of PricewaterhouseCoopers International Ltd., brings advisory and accounting experience. He has counseled across several industries with a focus on technology and life sciences, according to a biography. Another former PricewaterhouseCoopers executive on Morgan Stanley’s board, Donald Nicolaisen, has been a director for 10 years. Nicolaisen was chief accountant for the U.S. Securities and Exchange Commission from 2003 to 2005.
Nally “brings significant financial experience and risk management acumen, honed from his decades of experience advising multinational clients in navigating the global business environment,” James Gorman, chairman and chief executive officer of Morgan Stanley, said in the statement.
—With assistance from Jenny Surane
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