Deutsche Bank, IFR Global’s 2006 US Leveraged Finance House of the Year, and joint lead arranger and bookrunner for the Airline Partners Australia consortium’s offer to acquire 100 percent of Qantas, has boosted its Australian presence with the appointment of a new Head of Leveraged Finance.
Marla Heller has been appointed Head of Leveraged Finance for Australia and New Zealand. In this newly created position, she will work closely with David Backler, Head of Financial Sponsors Group in Australia and Chris Gammons, Head of Debt Products, Asia on transacting Australian leveraged finance deals. Effective April 1, Ms Heller will transfer from Deutsche Bank’s Chicago office, where she is currently responsible for client relationships and loan portfolio management, reporting to the Global Head of Leveraged Finance, Mike Paasche.
Scott Perkins, Head of Global Banking, Australia and New Zealand, said the new appointment reflected the strong and growing demand for leveraged finance in the Australian market.
“Deutsche Bank led nine of the top ten leveraged buyouts announced globally last year, including Qantas here in Australia,” said Mr Perkins.
“The appointment of someone of Marla’s calibre sends a strong signal of our commitment to service the Bank’s global financial sponsor clients in Australia, and grow our relationships with regional financial sponsors.”
Recent Deutsche Bank equity research showed that Australian leveraged buyout lending reached A$30bn in 2006 (including the Qantas transaction), up from just A$1bn in 2005. The five major Australian domestic banks achieved only a 15% combined market share of the 2006 leveraged buyout lending, which suggests funding has been largely undertaken by foreign banks and other fixed income investors.
Deutsche Bank’s dominant force in leveraged finance has been recognised by various industry awards which included:
- 2006 Leveraged Finance House of the Year (The Banker)
- 2006 High Yield Bond House of the Year (The Banker)
- 2006 Best High Yield Bond House (Financial News)
- 2006 US Leveraged Finance House of the Year (IFR Global)
- 2006 Asia Bond House of the Year (IFR Asia)
- 2006 Loan Trading House of the Year (EuroWeek)
- 2006 No. 1 Hybrid Securities for Australian Issuers (INSTO)
Deutsche Bank already has a team of 10 professionals in the Australian market dedicated to servicing financial sponsors.
For further information, please call:
Cathy Knezevic +61 2 8258 2792 or
Kate Abrahams +61 2 8258 2416
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,128 billion in assets and 68,849 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
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