Veteran of Morgan Stanley to be NYC’s new finance chief
By APWednesday, July 29, 2009
Wall Street exec to be NYC finance chief
NEW YORK — Mayor Michael Bloomberg is tapping a Morgan Stanley executive to be his new finance commissioner.
The previous commissioner resigned in April. The mayor ordered an investigation into her romantic relationship with a former subordinate and allegations that she employed relatives and was paid for outside work.
Bloomberg announced Wednesday that David Frankel will take the job. Frankel most recently served as a managing director at the financial services firm.
Frankel previously worked at AIG Trading Group as a senior vice president. He also worked in the administrations of mayors David Dinkins and Ed Koch.
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