Morgan Stanley Ethereum Trust filed an 8-K on November 4, 2026, disclosing that Sally Diffley resigned as Chief Financial Officer of its Delegated Sponsor and that Swapnil Parab was appointed to succeed her in that role effective the same date.

Key Highlights

  • Resignation: Sally Diffley resigned as CFO of Morgan Stanley Investment Management Inc., the Delegated Sponsor of the Trust, on October 30, 2026.
  • Appointment: Swapnil Parab was appointed CFO of the Delegated Sponsor effective November 4, 2026, succeeding Ms. Diffley.
  • Current role: According to the filing, Mr. Parab is the Head of Financial Planning and Analysis for Morgan Stanley Investment Management.
  • Prior experience: Mr. Parab joined Morgan Stanley's Finance Division in 2009 and previously served as Head of Valuation Control for the Fixed Income business within the Institutional Securities segment and for the Wealth and Investment Management segments.
  • Education: The filing states Mr. Parab holds a Master of Business Administration from London Business School and a Bachelor of Technology in Electronics and Communications Engineering from the National Institute of Technology, India.
  • Sponsor relationship: The Delegated Sponsor, Morgan Stanley Investment Management Inc., is described in the filing as a wholly-owned subsidiary of Morgan Stanley.

CFO Transition at Morgan Stanley Ethereum Trust's Delegated Sponsor

Morgan Stanley Ethereum Trust (NYSE Arca:MSSE) filed a current report disclosing a leadership change at the entity that manages the Trust's day-to-day operations. According to the filing, Sally Diffley resigned from her position as Chief Financial Officer of Morgan Stanley Investment Management Inc., the Delegated Sponsor, on October 30, 2026. Swapnil Parab was then appointed to that CFO role effective November 4, 2026, the same date the report was filed.

The filing provides background on Mr. Parab's tenure at Morgan Stanley. He joined the firm's Finance Division in 2009, according to the disclosure, and has held senior roles including Head of Valuation Control for the Fixed Income business within the Institutional Securities segment and for the Wealth and Investment Management segments. At the time of the appointment, he held the position of Head of Financial Planning and Analysis for Morgan Stanley Investment Management. The filing notes he earned a Master of Business Administration from London Business School and a Bachelor of Technology degree in Electronics and Communications Engineering from the National Institute of Technology, India.

The report was signed by Scott Steel, Managing Director, acting in his capacity as an officer of Morgan Stanley Investment Management Inc. as the Delegated Sponsor of the Trust. The filing was submitted under Item 8.01 (Other Events) of Form 8-K. The Trust is registered as an emerging growth company, as indicated on the cover page of the filing.

What Was Disclosed

The filing reported the October 30, 2026 resignation of Sally Diffley as CFO of the Trust's Delegated Sponsor and the November 4, 2026 appointment of Swapnil Parab to that position, along with a summary of his professional background and educational credentials.