Rabo strengthens private equity business
(26 June 2007 - Australia) Rabobank has appointed Joachim Drewitz as head of Leveraged Finance for Australia and New Zealand.
Drewitz had a similar role for the bank in Frankfurt, where he helped grow the bank’s leveraged finance business in Germany and Switzerland.
Rabobank Australia & New Zealand CEO Bruce Dick said Drewitz’s appointment signalled the bank's increasing focus on the leveraged finance and private equity markets.
"This is a rapidly developing area which we believe has enormous growth potential here, as evidenced by the increasing visibility of private equity funding in corporate acquisitions," he said.
"Rabobank already has a strong track record in leveraged finance in European markets and we are keen to provide the benefit of this expertise and establish a similar presence in the local market."
Drewitz held a number of senior roles in Germany before joining Rabobank at institutions such as Credit Lyonnais and GE Capital.
Drewitz said the leveraged finance market in Australia and New Zealand was already highly developed in terms of structure, investors and financiers.
"I hope to bring some complementary features from the European market that may be suitable to optimise a financing arrangement," he said.
Rabobank Australia & New Zealand CEO Bruce Dick said Drewitz’s appointment signalled the bank's increasing focus on the leveraged finance and private equity markets.
"This is a rapidly developing area which we believe has enormous growth potential here, as evidenced by the increasing visibility of private equity funding in corporate acquisitions," he said.
"Rabobank already has a strong track record in leveraged finance in European markets and we are keen to provide the benefit of this expertise and establish a similar presence in the local market."
Drewitz held a number of senior roles in Germany before joining Rabobank at institutions such as Credit Lyonnais and GE Capital.
Drewitz said the leveraged finance market in Australia and New Zealand was already highly developed in terms of structure, investors and financiers.
"I hope to bring some complementary features from the European market that may be suitable to optimise a financing arrangement," he said.
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