According to Reuters the head of Morgan Stanley's German
unit has offered to step down following an uproar over emails he reportedly
exchanged with a regional politician, and the bank has not yet decided whether
to accept his resignation, according to two people familiar with the matter.
The departure of Dirk Notheis would be a blow for the U.S.
investment bank, which had come to rely heavily on him to deliver lucrative
advisory roles in mergers and acquisitions, known as mandates.
The 44-year-old Notheis is one of Germany's best-connected
dealmakers with close ties to Berlin, a fact that rivals say has helped Morgan
Stanley snare mandates involving companies that are partially state-owned….
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