Deals

Pollock to leave Morgan Stanley

Fred Pollock, a vice president at Morgan Stanley Infrastructure Partners, helped the $4bn fund ink its concession for Chicago’s parking meters. More recently, the firm had been looking to refinance the concession through a $500m bond issue but pulled the deal due to ‘unfavourable market conditions’.

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Fred Pollock is leaving Morgan Stanley Infrastructure Partners.

A spokesperson for Morgan Stanley confirmed his departure but declined to comment further.

Fred Pollock
Pollock, a vice president, has been with the $4 billion infrastructure fund since its launch in 2006. In 2008, he was deeply involved in the fund’s bidding for Chicago’s long-term lease of its 36,000 parking meter system. The $1.16 billion deal closed in February 2009.

Last month, Morgan Stanley was looking to refinance the concession but pulled a $500 million bond sale due to “unfavourable market conditions”, the spokesperson said at the time.

It is unclear why Pollock is leaving the firm but he isn’t the only executive to leave the fund. Last year, Ron Lepin, Morgan Stanley Infrastructure Partners’ chief operating officer, also left the firm.

Morgan Stanley Infrastructure Partners has an investment team located in New York, London, Hong Kong and Beijing and is headed by New York-based Sadek Wahba.