Structured moves

Sven Ulbrich has left Frankfurt-based asset management firm and consulting company KMS Group where he served as chairman for the past four years.

In an email, Ulbrich said: "With immediate effect I will leave KMS, the company which was my home and my castle for the last four years."

Ulbrich referred calls concerning KMS to Thomas Pirzer who confirmed Ulbrich's departure, adding that Ulbrich and some other former KMS employees were hoping to set up their own business.

Pirzer, who has taken on

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