Deutsche Bank launches Administrative Agent Services for Project Financings
Deutsche Bank’s Trust & Securities Services (TSS) business, part of its Global Transaction Banking division, has hired William Marder as a Director to head a new Administrative Agent Services group. Marder and the group are based in New York and report into Kevin Plein, Head of TSS's Global Debt Services business in the US.
The group will act as Administrative Agent for bank syndicates lending into project finance transactions in the oil & gas, mining, infrastructure and power generation sectors including renewable energy projects. The Administrative Agent Services group will provide comprehensive covenant monitoring to ensure full borrower compliance with governing documents including provisions related to budget, base case, insurance, security arrangements, Events of Default and general covenant compliance.
Marder, formerly of Fortis Capital Corp and GE Engergy Financial Services, has extensive experience in all aspects of portfolio management. He has served in the Administrative Agent role on many complex project finance transactions and has represented bank syndicates in workouts and restructurings.
“Our team of professionals will provide best-in-class Administrative Agent services to bank syndicates involved in the most complex project finance transactions,” said Plein. “In addition to taking Administrative Agent appointments on new project finance deals, we will also act as successor Administrative Agent on existing transactions.”
Trust & Securities Services currently provides Collateral Agent, Account Bank and other roles on over 200 project finance transactions throughout the world.
For further information, please call:
John T Gallagher +1 212 250 4516
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 78,275 employees in 76 countries, the bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of debt financings including bonds, medium term note and commercial paper programs, asset backed and mortgage backed securities, collateralized debt obligations, project financings, escrows and syndicated loans. It is also one of the leading depositaries for American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in 28 securities markets.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.