INTERNATIONAL: FD parent to roll Frankfurt IR firm into A&B brand

FRANKFURT: The Cordiant Group - parent company of UK firm Financial

Dynamics - is closing the Frankfurt-based division of IR specialist

Morgen Walke, rolling the brand into its remaining financial PR

capabilities in Germany.

The move, carried out due to poor market conditions, will see the German

Morgen Walke team, headed by Lutz Golsch, join Ahrens & Behrent,

Financial Dynamics (A&B-FD), which was set up as a 50-50 joint venture

between A&B and FD in February this year (PRWeek, 16 February).

A&B-FD will continue to handle a number of Morgen Walke clients, such as

Knorr Capital Partner and Condant.

Golsch becomes acting MD with A&B-FD, working alongside existing

managing directors Michael Reinert, a partner with A&B, and Charles

Watson, FD chief executive.

Morgen Walke's holding group BCI, which is headquartered in London,

confirmed it will now concentrate on the Morgen Walke brand in the US.

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