Mary Meeker, the heralded “Net Queen” whose analysis on the tech world has lately returned to favor among high-profile investors, is departing Morgan Stanley to take up residence at Kleiner Perkins Caulfield and Byers, The New York Times reports.
Ms. Meeker’s departure ends a 20-year tenure at Morgan Stanley, a stint that earned her, among other things, the title of godmother to all three of Chief Financial Officer Ruth Porat’s children. It’s fitting that children who were essentially born to the sounds of Wall Street dealmaking would also be baptized in finance.
Back at Morgan Stanley, Scott Devitt takes over sole coverage of the Internet.
Given the current bullish — some might say bubble-ish — market in technology, it makes sense that one of the great dot-com cheerleaders of the 1990s is headed to a major funder of technology startups.
mtaylor [at] observer.com | @mbrookstaylor