30 March 2010
FRANKFURT - Macquarie Capital announces the appointment of Carsten Klante to head its Equity Capital Markets (ECM) activities in Germany and Austria.
Most recently a Managing Director in the ECM team at Sal. Oppenheim, Carsten has more than 16 years’ experience in capital markets and corporate finance, including 10 years at Deutsche Bank AG in both Frankfurt and London. Over the past five years, Carsten helped shape the development of Sal. Oppenheim’s ECM business in the German speaking markets, including key roles in structuring and executing complex capital markets transactions and providing corporate advice on funding strategies to a broad spectrum of corporations. He also led coverage for the capital markets products of the firm’s alternative energy, cleantech, industrials and automotive sector clients.
“We are very pleased to welcome Carsten into the European ECM team. He has an outstanding track record, and his timing could not be better; joining us as Macquarie’s equities research and distribution capability is being broadened across Europe with the upcoming acquisition of Sal. Oppenheim’s cash equities operation,” said Antony Isaacs, Head of European ECM at Macquarie Capital Advisers.
Carsten joined Macquarie in mid-March, and has already played a key role in Macquarie Capital’s first Bookrunner IPO role in Germany. He was a key member of the team which acted as Joint Global Co-ordinator and Joint-Bookrunner in today’s €105 million IPO of Joyou on the Prime Standard of the Frankfurt Stock Exchange. The transaction demonstrates the growing strength of Macquarie's European franchise and adds to its outstanding track record of IPOs globally. Following an accelerated 12 day marketing schedule with both investor education and management roadshow, the book closed over two times covered, dominated by blue-chip European institutions.
“The success of this deal demonstrates the strength of the combined Macquarie and Sal. Oppenheim equity distribution network. The enhanced European ECM and Securities teams will be in a great position to leverage Macquarie’s balance sheet strength and deliver global support to UK and European corporate clients,” said Graeme Conway, Head of Macquarie Capital Advisers in Europe.
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Macquarie Group Limited is listed in Australia (ASX:MQG) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker. Founded in 1969, Macquarie operates in more than 28 countries and employs approximately 14,400 people. Assets under management total more than €214 billion, as at 31 December 2009.
Macquarie’s global ECM team has approximately 110 executives across Europe, the US, Australia, Asia and South Africa, leveraging the outstanding research and global distribution capabilities of Macquarie Securities Group’s institutional equities business. Macquarie Securities is the eighth largest equities research platform in the world, covering more than 2,200 stocks. Following completion of the acquisition of Sal. Oppenheim’s cash equities sales and research business, Macquarie will provide research coverage of over 400 companies in Europe, representing about 80 per cent of the EuroStoxx 600 Index. With specialist European sales forces in London, Frankfurt, Munich, Zurich, Paris and New York, they will be part of one of the largest dedicated distribution platforms for institutional equities across Europe and the world.
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