BNP Paribas Corporate and Investment Banking (“CIB”) announces the appointment of Torsten Murke as Deputy Country Head for Germany and Head of Investment Banking Germany. Torsten will also be a member of BNP Paribas Germany Branch Management.
Torsten will have responsibility for Investment Banking Europe (IBE) and Corporate Finance teams in Germany. He will report to Thierry Varène, Head of Investment Banking Europe and member of the BNP Paribas CIB Executive Committee, and locally to Joachim von Schorlemer, Country Head for Germany. Berthold Müller, Head of Corporate Finance Germany, will report to Thierry Olive, Head of Corporate Finance Europe and locally to Torsten Murke.
Torsten will join the Bank on October 1st and will be based in Frankfurt.
Torsten's appointment clearly supports the growth plan of BNP Paribas for Germany which is fully backed by the top management of the Bank. It also evidences the ambition of BNP Paribas for developing its investment banking activities in Europe.
IBE is in charge of the coverage of the large corporates, of major private equity funds and of the large FIG clients, in France, Italy, Germany, Spain, Switzerland, the Netherlands and the UK.
Corporate Finance is a worldwide business line responsible for M&A and ECM within BNP Paribas CIB.
Torsten Murke spent his entire career in investment banking. Prior to joining BNP Paribas, he was a Managing Director at Credit Suisse and Co-Head of the Investment Banking Department covering Germany and Austria. Before, he was a partner at Lazard and worked at J.P. Morgan both in London and Frankfurt.
For Thierry Varène, Head of Investment Banking Europe and Global Head of Corporate Finance: “Torsten's appointment witnesses the commitment of BNP Paribas to Germany. His successful experience will help the Group develop and strengthen its franchise and achieve its ambition to become one of the best relationship driven Investment and Corporate Banks in Germany".
Joachim von Schorlemer, Head of BNP Paribas for Germany adds: “Torsten will bring his outstanding knowledge of the German clients and of the corporate finance activities. His expertise will be of great help to achieve our ambitious growth plan”.
BNP Paribas Corporate and Investment Banking
BNP Paribas Corporate and Investment Banking employs around 20,000 people in over 50 countries and services 14,000 corporate and institutional clients worldwide.
BNP Paribas CIB excels in:
Derivatives - where it is one of the leading global players in rates, credit, forex, commodity and equity derivatives.
Capital markets - where it is one of the top European houses in both ECM and DCM (bond, securitization, convertibles and equity issuance)
Structured finance - where it is amongst the leaders in acquisition, export, project, energy and commodity finance globally.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the strongest banks in the world*. The Group has a presence in more than 80 countries and more than 200,000 employees, including more than 160,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across the Europe-Mediterranean zone and boasts a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.
* Rated AA by Standard & Poor's i.e. 3rd rating level on a scale of 22.