Koenig to quit Morgan Stanley in Frankfurt
GERMANY - Peter Koenig of Morgan Stanley’ institutional asset management team in Frankfurt is leaving after five years with the group. Koenig says that the decision was on a “mutually amicable basis”. He will be leaving at the end of June.
Koenig joined Morgan Stanley from Commerzbank and has been responsible for the group’s developing institutional business against the background of pensions reform in Germany.
“I have made my contribution in developing the Morgan Stanley presence in the marketplace and contributed a number of reform ideas to the pensions debate in this period,” says Koenig, who adds that he is not being replaced.
Confirming the move, a Morgan Stanley spokesman in London paid tribute to Koenig’s “fantastic technical knowledge of the business in Germany”. He also says that there is no reduction in the group’s commitment to the institutional management there, pointing out that Michael Green had been taken on to head institutional sales from Citigroup some months ago.
Koenig has just been elected chair of the influential investment committee of ABA, the German pensions industry body.