strengthens its footprint in the Emerging Markets - Commerzbank ...

Press release
14 September 2007
Commerzbank Corporates & Markets (CBCM) strengthens its footprint in the
Emerging Markets
Commerzbank Corporates and Markets today announces two new hires to its Debt
Capital Markets division and a new appointment.
Penny Smith joins CBCM as Head of DCM - Origination, Emerging Markets Corporates,
in her new role Smith will be responsible for the origination of syndicated loans and
bonds for corporates in emerging market regions. Smith was previously for 14 years at
West Merchant and later WestLB. She will report to Peter Schikaneder, Head of
Emerging Markets, Corporate Finance, and is based in London.
Igor Goverovsky also joins as a senior banker from HSBC where he was Associate
Director focussing on EMEA. He has a broad experience having worked in Russia, the
US and Europe. He will report to Smith.
Eric Zimny has been appointed Head DCM - Origination, EM Financial Institutions.
Zimny has been with CBCM for 13 years, during this time he has strongly contributed to
CBCM’s success in this area. Next to his responsibility for the origination of syndicated
loans he will add the responsibility for bonds from financial institutions in this market. He
will be based in Frankfurt and report to Peter Schikaneder.
Over the course 2007 the Debt Capital Markets division at CBCM has grown its
Emerging Markets business significantly and is now a leading liquidity provider in the
syndicated loan market in the CIS, Central Europe and Turkey.
Peter Schikaneder, Head of Emerging Markets, Corporate Finance commented on the
new appointment and hires: “At CBCM we are committed to enhancing the bank's
footprint in this market by increasing our client base, across a range of countries and
with a variety of products. These new appointments bring with them a number of new
contacts and a wealth of experience which will sharpen our focus – also in bonds – and
contribute to taking the performance of our business to the next level. I am really
pleased with the lead Eric will be taking in the Financial Sector where he is well known
and respected and the fact that Penny has joined us to push our corporate business in
the region.“
ENDS
For further information, please contact:
Claire Tappenden CBCM: +44 (0)20 7653 7958

Notes to Editors
Commerzbank Corporate and Markets (CBCM)
Commerzbank Corporates and Markets (CBCM) is the integrated Corporate and Investment
Banking division of Commerzbank AG.
CBCM provides a broad range of Commercial and Investment Banking products to corporate
and institutional clients. The business incorporates capital markets activities in credit, equities,
interest rates and foreign exchange with a strong focus on derivatives and structured products.
As a division of one of Germany’s leading financial institutions and with the backing of a Eur
638.2bn balance sheet (30.06.07) CBCM provides clients with capital and debt raising solutions
and access to a broad range of investment and risk management products across all major
asset classes.