Italy's Mediobanca sets up corporate and investment banking branch in Germany (updated)
08/07/2024 14:28
(Adds details on branch management in paragraphs 3-6)
July 8 (Reuters) - Mediobanca MDBI.MI is opening a new
branch in Germany to focus on the corporate and investment
banking advisory business, the Italian investment bank said on
Monday.
The branch will be based in Frankfurt with a team of 12
specialists and will provide M&A and debt advisory services to
German customers, the group said in a statement.
Wolfram Schmerl and Christoph Handrup will be the head and
co-head of the branch, reporting to the bank's head of global
mid corporate & sponsor solutions, Lorenzo Astolfi.
Schmerl and Handrup previously worked together as
co-founders of the German branch of Spanish investment firm
Alantra ALNTA.MC , of which Schmerl was managing partner and
CEO.
Senior banker Maximilian Rohardt will be the head of debt
advisory, the statement added.
"Mediobanca is strengthening its footprint in Germany with a
view to capitalising primarily on opportunities in the Mid
Corporate sector", Mediobanca's corporate and investment
co-heads Francisco Bachiller and Giuseppe Baldelli said in the
statement.
(Reporting by Alessandro Parodi
Editing by Alvise Armellini, David Goodman and Helen Popper
)
((Alessandro.Parodi@thomsonreuters.com;))