Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Morgan Stanley Said to Name Delivanis MENA Investment Head

Morgan Stanley last year advised Abu Dhabi's Sorouh Real Estate Co. on its merger with Aldar Properties PJSC, the emirate's largest developer. Photographer: Victor J. Blue/Bloomberg
Morgan Stanley last year advised Abu Dhabi's Sorouh Real Estate Co. on its merger with Aldar Properties PJSC, the emirate's largest developer. Photographer: Victor J. Blue/Bloomberg

Feb. 17 (Bloomberg) -- Morgan Stanley, owner of the world’s biggest brokerage, appointed Patrick Delivanis as head of investment banking in the Middle East and North Africa, according to a person with knowledge of the matter.

Delivanis, formerly head of the bank’s financial institutions group for the region, replaces Klaus Froehlich after having worked for Morgan Stanley since 2006, the person said, asking not to be named as the information isn’t public. Froehlich becomes head of global capital markets for Germany and Austria based in Frankfurt, according to the person.

Morgan Stanley was the Middle East and Africa’s top M&A adviser last year, working on deals valued at $11.8 billion, according to data compiled by Bloomberg. The bank advised Abu Dhabi’s Sorouh Real Estate Co. on its merger with Aldar Properties PJSC, the emirate’s largest developer. It also advised Riyadh-based utility ACWA Power International when Saudi Arabian sovereign wealth fund Sanabil and the nation’s pension agency acquired a 19 percent stake in the company.

Delivanis was based in New York with Morgan Stanley before moving to Dubai in 2007, the person said.

Froehlich, in an interview last week, said the bank was predicting the return of initial public offerings worth more than $1 billion in the Persian Gulf this year after asset values and stock markets rallied.

Credit Suisse

Helene von Roeder, who led Morgan Stanley’s capital markets business in Germany and Austria, will join Credit Suisse Group AG as chief executive officer for Germany, Austria and central Europe in September, the Swiss bank said in an e-mailed statement on Feb. 5.

Morgan Stanley appointed Froehlich and Amr Diab co-heads of investment banking for MENA in January 2012, according to a company memo obtained by Bloomberg News at the time. 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 global capital markets for the Middle East and North Africa, according to the memo.

To contact the reporter on this story: Stefania Bianchi in Dubai at sbianchi10@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.