Economy
Close Brothers: New MD |
|
|
| Economy | |
| Written by Paul Williams | |
| Wednesday, 24 June 2009 | |
|
Close Brothers Corporate Finance (LON:CBG), one of Europe’s leading independent corporate finance advisers, has appointed Sven Guckelberger as a new Managing Director to its restructuring and debt advisory group. He will jointly head the Frankfurt-based restructuring team, advising on stressed and distressed situations in German-speaking countries and selected markets in Central and Eastern Europe. Guckelberger joins Close Brothers Corporate Finance from Deutsche Bank AG, where for the past five years he has led its European Work-Out team, based in London. Prior to that he was a Deutsche Bank restructuring banker, advising on mandates in Germany; and before that, during the Asian financial crisis, played a significant role in restructuring Deutsche Bank’s investment portfolio in Indonesia and Singapore. Guckelberger has a particular expertise advising distressed Mittelstand companies. He also has significant experience advising on large, multi-jurisdictional restructuring mandates with complex capital structures and multiple-stakeholders. Guckelberger is the twelfth senior hire Close Brothers Corporate Finance has made in the last year. His appointment is in response to the surge in demand for Close Brothers Corporate Finance’s restructuring expertise; the business is currently advising on over thirty-five restructuring mandates. Commenting on Guckelberger’s appointment, Stephen Aulsebrook, Chief Executive of Close Brothers Corporate Finance, said: “Sven is another significant hire for Close Brothers Corporate Finance and we are delighted to welcome him to the business. His appointment further strengthens our experienced restructuring team and forms part of our ongoing expansion. We are seeing a continuous migration of bankers from the large integrated houses to leading, independent corporate finance advisers like ourselves as it becomes increasingly clear that what clients want is unconflicted advice that preserves value for stakeholders in increasingly complex distressed situations.” |
|
Digg it! 
del.icio.us 
Newsvine 
Reddit 
Stumble It! 
