GERMANY - Watson Wyatt has appointed Torsten Kopke to lead its investment consulting practice in Germany.
Kopke, whose background is in economics, joins fro Feri Institutional Management, where he was hired six years ago to establish and lead its investment consulting team.
Commenting on the appointment, Nick Watts, European head of investment consulting, said: “We regard establishing a strong presence in the German market as very important in terms of pursuing our European growth strategy. It is the hiring of key individuals such as Torsten that will help us to capitalise on opportunities in a market that is becoming increasingly open to new investment ideas.”
Watson Wyatt opened an office in Munich in October 2003 after ending its joint venture with Bode Grabner Beye.
The firm currently operates three business units out of the German office - benefits consulting, investment consulting and insurance financial services.
“What we have on the investment side up until now is more manager research,” said Jens Witt, managing consultant at Watson Wyatt in Munich.
“We’re a relatively small unit with three employees here in Munich. Now we are growing in this market with one high calibre [appointment], Dr Kopke... So we are really able to provide the investment consulting services parallel to the benefit consulting.”
Witt flagged future hires to the Munich office, saying he expects the team to grow to six or eight staff during the next half year.
Prior to working at Feri, Kopke held a variety of positions at Allianz Life. His experience covers a range of investment consulting disciplines including strategic asset allocation, investment manager research and selection, econometric modelling and performance measurement.
“At Watson Wyatt I am looking forward to using the knowledge I have gained over the past six years as an investment consultant in the rapidly evolving German marketplace,” Kopke said.
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