Former German finance minister Joerg Kukies to join Morgan Stanley

April 1, 2026 7:02 AM EDT

Morgan Stanley logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration

FRANKFURT, April ‌1 (Reuters) - Joerg ​Kukies, ​a former German finance minister, will take a role ‌at Morgan Stanley, the U.S. bank ⁠said on Wednesday, marking a return ‌to the senior ranks ‌of banking after years of government service.

Kukies, one of the most ​prominent individuals in German finance, will join Morgan Stanley in May ⁠in London for several months before moving to ​Frankfurt as country chief for Germany and Austria, as well ​as the head of ‌Morgan Stanley's continental European operations.

Kukies was a co-head at ⁠Goldman Sachs in Germany before moving to Berlin in 2018 as a ⁠deputy finance minister under Olaf Scholz. He later ​became a top aid under then-Chancellor Scholz before a half year at the ‌helm of the finance ministry.

U.S. banks have grown their presence ‌in Germany in recent years, ⁠taking on market ‌share from ​local banks.

(Reporting by Tom SimsEditing by Madeline Chambers and Miranda ‌Murray)



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