People

Investment banking background in vogue for CFO posts

Of CFOs appointed outside their respective industry over the past five years, 27% came from financial services

Ruth Porat swapped Morgan Stanley for Google
Ruth Porat swapped Morgan Stanley for Google Photo: Getty Images

Comcast’s incoming finance chief has investment banking skills that seem to be increasingly popular for businesses looking for growth opportunities.

Michael Cavanagh was co-president and co-chief operating officer at Carlyle Group - and before that, he was co-head of JP Morgan's Wall Street operations.

WSJ Logo