strengthens its footprint in the Emerging Markets - Commerzbank ...
strengthens its footprint in the Emerging Markets - Commerzbank ...
strengthens its footprint in the Emerging Markets - Commerzbank ...
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Press release<br />
14 September 2007<br />
<strong>Commerzbank</strong> Corporates & <strong>Markets</strong> (CBCM) <strong>streng<strong>the</strong>ns</strong> <strong>its</strong> <strong>footpr<strong>in</strong>t</strong> <strong>in</strong> <strong>the</strong><br />
Emerg<strong>in</strong>g <strong>Markets</strong><br />
<strong>Commerzbank</strong> Corporates and <strong>Markets</strong> today announces two new hires to <strong>its</strong> Debt<br />
Capital <strong>Markets</strong> division and a new appo<strong>in</strong>tment.<br />
Penny Smith jo<strong>in</strong>s CBCM as Head of DCM - Orig<strong>in</strong>ation, Emerg<strong>in</strong>g <strong>Markets</strong> Corporates,<br />
<strong>in</strong> her new role Smith will be responsible for <strong>the</strong> orig<strong>in</strong>ation of syndicated loans and<br />
bonds for corporates <strong>in</strong> emerg<strong>in</strong>g market regions. Smith was previously for 14 years at<br />
West Merchant and later WestLB. She will report to Peter Schikaneder, Head of<br />
Emerg<strong>in</strong>g <strong>Markets</strong>, Corporate F<strong>in</strong>ance, and is based <strong>in</strong> London.<br />
Igor Goverovsky also jo<strong>in</strong>s as a senior banker from HSBC where he was Associate<br />
Director focuss<strong>in</strong>g on EMEA. He has a broad experience hav<strong>in</strong>g worked <strong>in</strong> Russia, <strong>the</strong><br />
US and Europe. He will report to Smith.<br />
Eric Zimny has been appo<strong>in</strong>ted Head DCM - Orig<strong>in</strong>ation, EM F<strong>in</strong>ancial Institutions.<br />
Zimny has been with CBCM for 13 years, dur<strong>in</strong>g this time he has strongly contributed to<br />
CBCM’s success <strong>in</strong> this area. Next to his responsibility for <strong>the</strong> orig<strong>in</strong>ation of syndicated<br />
loans he will add <strong>the</strong> responsibility for bonds from f<strong>in</strong>ancial <strong>in</strong>stitutions <strong>in</strong> this market. He<br />
will be based <strong>in</strong> Frankfurt and report to Peter Schikaneder.<br />
Over <strong>the</strong> course 2007 <strong>the</strong> Debt Capital <strong>Markets</strong> division at CBCM has grown <strong>its</strong><br />
Emerg<strong>in</strong>g <strong>Markets</strong> bus<strong>in</strong>ess significantly and is now a lead<strong>in</strong>g liquidity provider <strong>in</strong> <strong>the</strong><br />
syndicated loan market <strong>in</strong> <strong>the</strong> CIS, Central Europe and Turkey.<br />
Peter Schikaneder, Head of Emerg<strong>in</strong>g <strong>Markets</strong>, Corporate F<strong>in</strong>ance commented on <strong>the</strong><br />
new appo<strong>in</strong>tment and hires: “At CBCM we are committed to enhanc<strong>in</strong>g <strong>the</strong> bank's<br />
<strong>footpr<strong>in</strong>t</strong> <strong>in</strong> this market by <strong>in</strong>creas<strong>in</strong>g our client base, across a range of countries and<br />
with a variety of products. These new appo<strong>in</strong>tments br<strong>in</strong>g with <strong>the</strong>m a number of new<br />
contacts and a wealth of experience which will sharpen our focus – also <strong>in</strong> bonds – and<br />
contribute to tak<strong>in</strong>g <strong>the</strong> performance of our bus<strong>in</strong>ess to <strong>the</strong> next level. I am really<br />
pleased with <strong>the</strong> lead Eric will be tak<strong>in</strong>g <strong>in</strong> <strong>the</strong> F<strong>in</strong>ancial Sector where he is well known<br />
and respected and <strong>the</strong> fact that Penny has jo<strong>in</strong>ed us to push our corporate bus<strong>in</strong>ess <strong>in</strong><br />
<strong>the</strong> region.“<br />
ENDS<br />
For fur<strong>the</strong>r <strong>in</strong>formation, please contact:<br />
Claire Tappenden CBCM: +44 (0)20 7653 7958
Notes to Editors<br />
<strong>Commerzbank</strong> Corporate and <strong>Markets</strong> (CBCM)<br />
<strong>Commerzbank</strong> Corporates and <strong>Markets</strong> (CBCM) is <strong>the</strong> <strong>in</strong>tegrated Corporate and Investment<br />
Bank<strong>in</strong>g division of <strong>Commerzbank</strong> AG.<br />
CBCM provides a broad range of Commercial and Investment Bank<strong>in</strong>g products to corporate<br />
and <strong>in</strong>stitutional clients. The bus<strong>in</strong>ess <strong>in</strong>corporates capital markets activities <strong>in</strong> credit, equities,<br />
<strong>in</strong>terest rates and foreign exchange with a strong focus on derivatives and structured products.<br />
As a division of one of Germany’s lead<strong>in</strong>g f<strong>in</strong>ancial <strong>in</strong>stitutions and with <strong>the</strong> back<strong>in</strong>g of a Eur<br />
638.2bn balance sheet (30.06.07) CBCM provides clients with capital and debt rais<strong>in</strong>g solutions<br />
and access to a broad range of <strong>in</strong>vestment and risk management products across all major<br />
asset classes.