Sean Costello as a Director in Leveraged Distribution
Sean Costello as a Director in Leveraged Distribution
Sean Costello as a Director in Leveraged Distribution
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Press rele<strong>as</strong>e<br />
29 July 2005<br />
Commerzbank Corporates & Markets appo<strong>in</strong>ts <strong>Sean</strong> <strong>Costello</strong> to its<br />
European <strong>Leveraged</strong> <strong>Distribution</strong> Team<br />
Commerzbank Corporates & Markets (CBCM) today announced it h<strong>as</strong> hired <strong>Sean</strong> <strong>Costello</strong> <strong>as</strong> a <strong>Director</strong><br />
to its European <strong>Leveraged</strong> <strong>Distribution</strong> Team.<br />
Mr <strong>Costello</strong> will jo<strong>in</strong> next month from HBOS where he w<strong>as</strong> a <strong>Director</strong> <strong>in</strong> the Loan <strong>Distribution</strong> Group. He<br />
will be b<strong>as</strong>ed <strong>in</strong> London and br<strong>in</strong>gs more than ten years experience <strong>in</strong> the leveraged bus<strong>in</strong>ess to CBCM.<br />
His extensive experience h<strong>as</strong> been ga<strong>in</strong>ed by his <strong>in</strong>volvement <strong>in</strong> all <strong>as</strong>pects of the leveraged bus<strong>in</strong>ess -<br />
orig<strong>in</strong>ation, execution and distribution. Prior to HBOS, Mr <strong>Costello</strong> w<strong>as</strong> with NIB Captial Bank N.V. for six<br />
years <strong>in</strong> both the <strong>Leveraged</strong> F<strong>in</strong>ance and latterly Loan <strong>Distribution</strong> Groups.<br />
Mr <strong>Costello</strong> will be <strong>in</strong>timately <strong>in</strong>volved <strong>in</strong> the structur<strong>in</strong>g and distribution of CBCM’s European leveraged<br />
loan product and will report to Tom Mulligan, Head of European <strong>Leveraged</strong> <strong>Distribution</strong> at CBCM.<br />
CBCM’s Head of Corporate F<strong>in</strong>ance, Roman Schmidt said, “With the European <strong>Leveraged</strong> Buy Out (LBO)<br />
market cont<strong>in</strong>u<strong>in</strong>g to grow at unprecedented levels, we believe that hir<strong>in</strong>g <strong>Sean</strong> will enable us to cont<strong>in</strong>ue<br />
our successful expansion of our European leveraged franchise. We have made enormous progress with<br />
our West European <strong>in</strong>itiatives and his knowledge and experience will <strong>as</strong>sist to further drive our bus<strong>in</strong>ess<br />
forward."<br />
ENDS<br />
For further <strong>in</strong>formation, ple<strong>as</strong>e contact:<br />
Julie Kolpak, Corporate Communications +44 (0) 20 7653 7958<br />
Commerzbank AG is regulated by the FSA for the conduct of <strong>in</strong>vestment bus<strong>in</strong>ess <strong>in</strong> the UK. Member of the London Stock<br />
Exchange<br />
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Notes to Editors<br />
Commerzbank Corporates and Markets (CBCM) is the <strong>in</strong>tegrated Corporate and Investment Bank<strong>in</strong>g<br />
division of Commerzbank AG.<br />
CBCM provides a broad range of Commercial and Investment Bank<strong>in</strong>g products to corporate and<br />
<strong>in</strong>stitutional clients. The bus<strong>in</strong>ess <strong>in</strong>corporates capital markets activities <strong>in</strong> credit, equities, <strong>in</strong>terest rates<br />
and foreign exchange with a strong focus on derivatives and structured products.<br />
As a division of one of Europe’s lead<strong>in</strong>g f<strong>in</strong>ancial <strong>in</strong>stitutions and with the back<strong>in</strong>g of a Eur425.78bn<br />
balance sheet (31.03.05), CBCM provides clients with capital and debt rais<strong>in</strong>g solutions, access to a<br />
broad range of <strong>in</strong>vestment and risk management products across all major <strong>as</strong>set cl<strong>as</strong>ses.<br />
Commerzbank AG is regulated by the FSA for the conduct of <strong>in</strong>vestment bus<strong>in</strong>ess <strong>in</strong> the UK. Member of the London Stock<br />
Exchange<br />
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