Search engine giant Google Inc. has appointed Morgan Stanley Chief Financial Officer Ruth Porat at the same position, according to the companies.

57-year-old Porat will be replacing Patrick Pichette, who has announced his retirement plans on March 10.

Porat will be joining Google on May 26, according to a company’s blog post.

Jonathan Pruzan, co-head of global financial institutions group in investment banking at Morgan Stanley, will assume the post of Chief Financial Officer after Porat’s exit from the company on April 30.

In other development, the names of Morgan Stanley’s wealth management head Greg Fleming (52) and trading head Colm Kelleher (57) are making rounds as potential successors to bank’s chief executive official, James Gorman (56), who has been holding the post for nearly five years. He is, however, unlikely to announce is exit anytime soon.

Porat had joined Morgan Stanley in the year 1987. She is a veteran in the technology industry. She led the technology franchise of the bank during the boom in the internet industry. She also worked as the lead banker for financing of several big companies, such as Amazon.com Inc and eBay Inc.

Morgan Stanley shares tumbled 0.7 percent, while shares of Google increased 1.8 percent in early trading.