Action baby, action!
From Bloomberg, September 25:
Investment banks from Evercore Inc. to Lazard Inc. are poaching bankers in the Nordics as they seek to seize market share from homegrown players amid a dealmaking boom in the region.
Evercore last month hired Lars Ingemarsson, ex-head of Nordic investment banking at Citigroup Inc., to lead its new office in Stockholm and establish a team of 15 bankers.
Lazard appointed Jesper Jensen, who spent the past decade at Rothschild & Co., to open a new office in Copenhagen. The bank is assembling a team of five to six people there, according to Jean-Louis Girodolle, its co-head of European investment banking.
“We see the region as a whole as a growth engine,” Girodolle said. “The region has an attractive mix of blue-chip corporates, huge investment pockets such as the family offices as well as large private equity funds. They are open to do cross-border transactions to enter new markets or tap a well-functioning stock market.”
Elsewhere, Thomas Westin recently joined PJT Partners Inc. from Goldman Sachs Group Inc. with a mandate to build a team in the Swedish capital. And Rothschild hired Miro Hemanus from DNB Carnegie Holding AB this month, marking the start of the French bank’s on-the-ground presence in Helsinki.
The Nordics — which include Sweden, Denmark, Finland, Norway and Iceland — has already more than $120 billion worth of deals announced so far this year, according to data compiled by Bloomberg. It’s been the region’s 10th consecutive year of delivering $100 billion-plus deals. It’s also higher than France — historically one of Europe’s largest M&A markets — which has about $105 billion of announced transactions this year, the data show....
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