Ocorian’s Nordic Trustee Targets Germany
With 30 years of experience as a provider of bond trustee and loan agency services in the Nordic region, Ocorian’s Nordic Trustee has expanded its operations into Germany to meet its growing German client base.
Nordic Trustee, part of the Ocorian group, which has opened a German office in the heart of Frankfurt’s banking and finance district, has made two new hires.
The firm said in a statement that the expansion addresses its clients’ need for independent third-party trustee and agency services locally in the DACH region.
Nordic Trustee’s Frankfurt office will be led by Dr Stefan Luthringshauser, who has joined as CEO of Germany, the firm added.
Luthringshauser is an experienced managing director with expertise in the debt and bond market. He previously managed various large portfolios of highly structured (syndicated/securitised) performing and non-performing loans and bonds across a wide range of industries.
He is supported by Andreas Schräder, who has joined as senior director, the firm said. His professional background includes a range of roles at financial and banking institutions, and he has experience in managing highly complex loan and bond structures executed under German law.
Welcoming the move, Cato Holmsen, group CEO of Nordic Trustee and global head of Ocorian Capital Markets said: “Nordic Trustee has over the years built up a portfolio of German assignments from the Nordics, and there is a high demand from our clients to strengthen our local offering in the region. In recent years, activity in the German direct lending and leverage finance market has increased significantly, especially in M&A financings in the German Mittelstand.
“With the senior hires of Dr Stefan Luthringshauser and Andreas Schräder, Nordic Trustee and Ocorian has gained two excellent managers with solid experience in loan agency and capital markets to look after our clients and provide independent facility agent and/or security agent services in the DACH region from Germany. We welcome Stefan and Andreas into our international team,” he added.
Luthringshauser stressed: “I am very excited to join Nordic Trustee and Ocorian as German market leader in the space of debt and bond services. My commitment is to strengthen our client base and business lines in Germany, and I look forward to working closely with the experienced and international team at Nordic Trustee.”
Nordic Trustee in Germany provides a variety of financial services to the leveraged finance and capital markets industry, including acting as facility agent, calculation agent, security agent, payment agent, restructuring and enforcement agent, bond/note trustee, and escrow and custodian agent.
Nordic Trustee is part of the Ocorian group, a specialist in corporate and fiduciary services, fund administration and capital markets. Ocorian has more than $270 billion in assets under administration, and over 20 offices spread across EMEA, the Americas and Asia.