Bloomberg News

Morgan Stanley Said to Appoint Mideast Investment Banking Heads

January 23, 2012

Jan. 22 (Bloomberg) -- Morgan Stanley, the sixth-largest U.S. bank by assets, appointed Amr Diab and Klaus Froehlich as co-heads of investment banking for the Middle East and North Africa, according to a company memo obtained by Bloomberg News.

Diab joined Morgan Stanley in 1993 in New York and worked in the Middle East and North Africa investment banking division, according to the memo. Most recently, he was responsible for Egyptian and North African businesses at the bank, it said.

Froehlich started working for Morgan Stanley in 2000 on the German equity capital markets team. He was head of equity capital markets for Germany, Austria and Switzerland before moving to Dubai in 2009 to lead the global capital markets for the Middle East and North Africa, according to the memo.

A spokesman for Morgan Stanley, who declined to be identified in line with company policy, confirmed the appointments.

--With assistance from Riad Hamade in Dubai. Editors: Shaji Mathew, Riad Hamade

To contact the reporter on this story: Mahmoud Kassem in Cairo at mkassem1@bloomberg.net

To contact the editor responsible for this story: Riad Hamade at rhamade@bloomberg.net


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