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4w ago

Germany Clears Jörg Kukies to Join Morgan Stanley Under Cooling‑Off Rules

The approval signals tighter guardrails on moves from top government roles into high finance.

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Der frühere Bundesfinanzminister Jörg Kukies (SPD) übernimmt eine führende Funktion bei der US-Investmentbank Morgan Stanley. Die Bundesregierung hat dem Wechsel nach Angaben von Regierungssprecher Stefan Kornelius unter Auflagen zugestimmt.
Jörg Kukies kehrt nach dem Ende seiner Politkarriere zu Morgan Stanley zurück.

Overview

  • Morgan Stanley said Wednesday that Jörg Kukies will start in May in London and move to Frankfurt in November to lead Germany and Austria and chair Morgan Stanley Europe SE.
  • A government spokesman said the cabinet approved the hire with terms that bar him from leadership and from Germany or EU business until November 2026.
  • The decision follows advice from the independent cooling‑off panel, which set a twelve‑month wait after leaving office to prevent use of insider knowledge.
  • Some outlets report a tougher limit that keeps him out of Frankfurt for eighteen months, highlighting uncertainty over how the restriction applies.
  • Kukies will replace Andre Munkelt as Germany head, and Morgan Stanley says his market expertise will support its Frankfurt growth strategy after Brexit.