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Mar 22 2013 | 11:18am ET
Och-Ziff Capital Management's top money manager in Europe is stepping down.
Michael Cohen will leave New York-based Och-Ziff at the end of the month, after 15 years at the firm. He plans to take time off before deciding on his future plans, Bloomberg News reports.
David Windreich, head of U.S. investing, will take over Cohen's responsibilities as head of European investing. While Cohen is based in London, where Och-Ziff has about 65 staffers, Windreich will remain in New York.
"We thank Michael for his leadership and his many contributions to the firm over the past 15 years, including his significant role in developing our European business," Och-Ziff spokesman Jonathan Gasthalter said. "We wish Michael all the best."