Breaking News

Tweet TWEET

Deutsche Bank Eastern Europe Corporate Finance Head Died

Miklos Kormos, Deutsche Bank AG (DBK)’s London-based head of corporate finance for central and eastern Europe, Israel and Turkey, has died. He was 51.

He died of cancer in December, the Frankfurt-based lender said in a memo to employees. The statement was confirmed by a person familiar with its contents who asked not to be identified because he wasn’t authorized to discuss the death of an employee.

In 2007, Kormos joined Deutsche Bank, Europe’s biggest investment bank by revenue, as a managing director after the company acquired his banking boutique New Europe Capital Partners, according to a press release at the time. His hiring, along with two other additions to his team, was part of Deutsche Bank’s strategy to increase its 14 percent share of corporate-finance revenue in the regions, the company said then.

Kormos was involved in transactions that included Polish mobile-phone operator Polkontel’s debt sale in 2012 and Molson Coors Brewing Co.’s acquisition of Czech beermaker StarBev LP.

“We have been very saddened by the death of our colleague Miklos Kormos,” Deutsche Bank said in the memo. “Our condolences and thoughts are with his family at this time.”

Before founding New Europe Capital Partners, Kormos was in charge of the central and eastern European investment-banking business for New York-based JPMorgan Chase & Co. (JPM) From 2001 to 2005, he was president of the bank’s Russian operations.

Kormos received a master’s degree in diplomatic relations from the University of Vienna and a doctorate in economics from the University of Budapest, according to EFinancialCareers, a website owned by New York-based Dice Holdings Inc.

To contact the reporter on this story: Oliver Suess in Munich at osuess@bloomberg.net

To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net; Charles W. Stevens at cstevens@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.