<div id="subtitle">Veteran of Morgan Stanley to be NYC's new finance chief</div><div><p>Mayor Michael Bloomberg is tapping a Morgan Stanley executive to be his new finance commissioner.</p><p>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.</p><p>Bloomberg announced Wednesday that David Frankel will take the job. Frankel most recently served as a managing director at the financial services firm.</p><p>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.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=55766969&bid=informcom" /></div><div id="copyright"><div>

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