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Straumur-Burdaras Investment Bank hf. (Straumur) has appointed Frazer Macfarlane as a Senior Vice President and Head of Loans Syndication in its European operations. Macfarlane will be based in London and will be responsible for developing and strengthening Straumur's European syndication finance business. He will report to Andrew Bernhardt, Managing Director of Debt Finance and work alongside Eva Ruiz, Vice President who joined from Kaupthing in April 2008. Macfarlane joins Straumur with over 10 years of leveraged finance experience and was most recently Executive Director at Glitnir Bank.
Andrew Bernhardt commented: "We are delighted with this appointment which is a further indication of our ongoing commitment to developing our leveraged finance business. We have hired another well respected individual with a strong background to help grow our business. We continue to build our market reputation of becoming a formidable player within what we believe is an under-served market.
"We are committed to building our lead arranged business, with the ability to underwrite all parts of the capital structure, alongside our existing sub-underwriting and participations business. Where possible, the team will work closely with our corporate finance and capital markets groups to provide clients with a fully integrated service."
Macfarlane joined Glitnir Bank in 2006. As an Executive Director, he was responsible for developing the distribution and trading function for leveraged finance transactions. Prior to that he spent 16 years at Bank of Scotland, where he was most recently working within Loans Distribution and Loans Origination.
Straumur delivers a full range of investment banking services to key clients in Northern and Central Europe and this appointment strengthens the depth of experience in the leveraged finance mid-market segment.
For further information, please contact: Ólafur Teitur Gudnason, VP, Media Relations Corporate Communications olafur.gudnason@straumur.net +354 858 6778
About Straumur Straumur (STRB) is a Northern and Central European investment bank offering a complete range of integrated financial services focusing on small and medium sized companies, institutional investors and individuals. The services provided include capital markets, corporate finance, debt finance, and asset management.
Headquartered in Reykjavík, Straumur is Iceland's largest pure-play investment bank and the fifth-largest company on the OMX Nordic Exchange in Iceland with a market capitalisation of €812 million. The Bank has total assets of €6,201m as at the end of Q2 2008 and a long-term investment rating of BBB- from Fitch. Through organic growth and strategic acquisitions, the Bank has established operations in ten countries including the UK, Denmark, Sweden, Finland and the Czech Republic and now employs a team of 520 people. Straumur is rapidly delivering against its objectives to become the leading investment bank in Northern and Central Europe. www.straumur.com
