ABN Amro, the European investment bank, has hired James Courtenay and put him in charge of its European high yield and leveraged finance business.
Courtenay, a former leveraged financier at Bankers Trust, joins from CIBC World Markets. He will report to Gavin Alexander, ABN’s global head of structured capital with the bank’s financial markets division.
According to a press release, Courtenay’s brief is to help the bank take advantage of financial sponsors’ appetite for mezzanine and high yield finance by building out its high yield offering and develop its leveraged finance team of 30.
ABN has been making efforts to extend its reach into the European buyout market for some time. Last May, the bank announced several appointments to its leveraged finance and financial sponsor coverage teams.
Throughout 2003, the bank worked on several leveraged buyouts in Europe, including Candover’s €1 billion acquisition of hygiene group Ontex in Belgium, BC Partners’ acquisition of Telecolumbus in Germany and CVC Capital Partners’s purchase of Danske Traelast. The bank also supported NIB Capital’s E300m acquisition of the human resources unit of Getronics.