Rothschild & Co. hires former Goldman Sachs banker for German, Austrian equity markets

Rothschild & Co SCA

29/06/2023 15:09

FRANKFURT, June 29 (Reuters) - Rothschild & Co  ROTH.PA 
said on Thursday it is expanding its investment banking business
in Germany and Austria with the hire of Eva Maria Wiecko from
competitor Goldman Sachs  GS.N .
    Wiecko will join the team from July 1 in the newly created
role of Head of Equity Market Solutions (EMS) for Germany and
Austria.
    Wiecko previously worked at Goldman Sachs for 17 years, most
recently as Managing Director and Head of Industrial Technology
for EMEA. She brings experience in initial public offerings,
capital increases and private placements, having worked on
listings including Porsche AG  P911_p.DE , Traton  8TRA.DE  and
Innogy.
    "Due to the increasing complexity of raising capital, we see
a significant increase in demand for integrated and tailored
advice on equity financing, market access, positioning and
investor dialogue," said Kai Tschoeke, Rothschild's co-head of
Global Advisory for the DACH region, which comprises Germany,
Austria and Switzerland.
    The hire comes during a lull in market activity, with
Rothschild & Co., whose owners are taking the bank private,
expecting net income to more than halve this year due to a sharp
fall in dealmaking. 
    Rothschild & Co equity market solutions provides clients
with advice on topics including fundraising and investor
dialogue, such as defending against activists and discussing
environmental, social and governance (ESG) issues.
    Over the last three years, Rothschild's DACH equity advisory
team has advised on 13 transactions totalling more than 20
billion euros ($21.74 billion). 

($1 = 0.9198 euros)

 (Reporting by Emma-Victoria Farr, editing by Susan Fenton)
 ((emma-victoria.farr@thomsonreuters.com;))