Turowski, 44, will become global co-head of the natural- resources advisory group in London alongside Carl Contiguglia, who works in New York, said Morgan Stanley spokesman Michael Wang. Charlie Stewart, previously head of Latin American investment banking, will replace Colocci as deputy head of European investment banking, Wang said.
Morgan Stanley was the top-ranked adviser on announced European deals last year, advising on mergers worth at least $187 billion, according to data compiled by Bloomberg. The New York-based firm ranks seventh this year with about $6.66 billion of deals, the data show. The biggest transaction in 2010 was advising flash-chip maker Numonyx Holdings BV on a $1.27 billion offer from Micron Technology Inc.
European M&A activity plunged in April, which was the worst month for takeovers in the region for 1 1/2 years, with the total value of transactions dropping to $32.8 billion from $106.6 billion in March, according to Bloomberg data. That’s the lowest level since November 2008, two months after the collapse of Lehman Brothers Holdings Inc.
Colocci, 46, joined Morgan Stanley in 2004 from JPMorgan Chase & Co. and was most recently chairman of European M&A, Wang said. He holds a bachelor of economics from Williams College and an M.B.A. from Harvard Business School.
Turowski, who joined Morgan Stanley in 1998, had been head of European M&A since early 2009, after replacing Gavin MacDonald. Before that Turowski was head of Morgan Stanley’s German M&A team based in Frankfurt and he also worked in the bank’s telecommunications, media and technology team, Wang said.
Scott Matlock will become chairman of international M&A in London, Wang said. He was previously chairman of Asian mergers and acquisitions in Hong Kong.
The Wall Street Journal reported the appointments earlier today on its website.