Raymond James opens an office in Frankfurt am Main, Germany

19 May 2017 Consultancy.uk

Raymond James is opening a new office in Frankfurt am Main, Germany. To run the new arm, which will formally launch next month, the firm has hired Managing Director Dirk-Oliver Löffler and Julian Knirim and Jens Gerlach, who both join as a Vice President.

The latest office of Raymond James will be the firm’s third in Germany, following Munich and Dusseldorf. The new hub will be focused on supporting corporate clients operating in the German mid-market and private equity players with financial advisory services. The team will, in addition, provide services in the areas of capital market M&A and strategic advice.

According to Melville Mummert, head of European Investment Banking at Raymond James, "Frankfurt is strategically important for us." To drive growth at the new office, and more widely across the firm’s European business, the firm has hired Dirk-Oliver Löffler as Managing Director.

Löffler, who holds a Business Administration degree from the University of Mannheim, most recently worked as a Partner at a boutique M&A consultancy firm, Richmond Park Partners. Previously he was the Head of Berenberg's M&A Advisory Group.

Remarking on the addition of Löffler to the team, Mummert said, "I am delighted that Dirk-Oliver Löffler, an experienced investment banker, has decided to join us to help drive the expansion of our business in Europe."

Raymond James launches new office in Frankfurt am Main

The firm has in addition, picked up Julian Knirim and Jens Gerlach.

Knirim formerly served as a Vice President at Richmond Park Partners, where he has been since the end of 2015. He was previously at Berenberg, where he was a Senior Associate in its M&A practice. He joined the bank in 2011 as an Intern in its M&A/ECM practices. Knirim holds a Bachelor of Science in Accounting and Finance from the University of Bamberg. Remarking on the new role, Knirim stated, "We are seeing more and more activist engagements and acquisitions involving stock-listed companies. The increasingly complex nature of such transactions means that professional advice on tactical and strategic measures is required.”

Prior to joining Raymond James, Gerlach worked as an Investment Banking Associate at Citi, where he started in 2010, and as a Senior Associate in Berenberg’s M&A Advisory practice. Earlier roles include M&A and Corporate Finance at Bankhaus Lampe; Trade Finance & Cash Management Business Analytics at Deutsche Bank; and Business Development and Supplies Retail Sales at Lexmark Deutschland. Gerlach holds a Bachelor's degree in Accounting and Finance from Johann Wolfgang Goethe-Universität Frankfurt am Main. In relation to his appointment, Gerlach said, "Raymond James offers an entrepreneurial platform to advise German companies on cross-border transactions.”

Mummert said that he is confident the new group can successfully establish a presence in the Frankfurt market, stating, "The new team in Frankfurt has previously advised on transactions across a range of industries with a total value in excess of €20 billion."

Profile

More news on

×

Newcastle consulting firm opens Baghdad office

05 April 2019 Consultancy.uk

A Newcastle-based consultancy has announced it will open its first office in Iraq. The news comes despite warnings that the area remains “high risk” for businesses.

16 years after the start of Operation Iraqi Freedom, the nation remains a shadow of its former self. The continued chaos wrought by the Iraq War – which eventually played a role in the rise to prominence of Daesh, further destabilising the region – means that even now, the nation’s capital is deemed to have the lowest quality of living in the world. According to a recent survey from Mercer, Baghdad ranked last overall – immediately below Bangui of the Central African Republic and Damascus in Syria – despite the other two being determined as the worst cities on the planet for personal safety.

However, as with the wider Middle East, the oil-rich state presents a lucrative destination to businesses willing to take the risk. To that end, a Newcastle recruitment consultancy has announced the opening of its first presence in Iraq’s capital city. Samuel Knight has taken the decision to open its Baghdad locale in order to grow its business in the Middle East.

Newcastle consulting firm opens Baghdad office

While businesses remain wary of the region, Samuel Knight specialises in recruiting talent in the energy and rail sectors, and in a release it said the new office would continue to focus on these areas. It will also allow the firm to make sure it abides by local compliance laws. The new location will be headed up by Haider Kadhim, Samuel Knight’s Iraq country manager, who will work as the first point of contact for clients and candidates. Representatives from the Department of Trade Industry are expected to attend a launch event for the office, which will be held this month.

Commenting on the new office,  a spokesperson for Samuel Knight said, “We probably don’t see it as a risk, but more of an opportunity, as we operate in the Middle East extensively already. We have contacts in place in the country location and with the consultants we have. We felt it was a great opportunity to expand into a country we are already doing work in. It means we have an on-the-ground team to help our clients. From our perspective, it is that we are looking to expand into new territories, but we are also supporting countries that are starting to redevelop after years of warfare.”

Steve Rawlingson, CEO at Samuel Knight, said, “Our aggressive five-year growth plan is manifesting at  an impressive rate, taking the company to exciting new territories. The team is working diligently to surpass expectations set out in the plan, and to ensure Samuel Knight is cemented as the leading global energy and rail recruitment specialist. Our Baghdad office will give us a distinctive edge over our competition and allow for more exciting business opportunities. Once the office becomes more established and client acquisition develops, we will certainly be adding more consultants and manpower in the city.”