RBS appoints new German leveraged finance head

Jochen Koenig is to become the new head of Royal Bank of Scotland’s leveraged finance team in Germany.

Royal Bank of Scotland has announced the appointment of Jochen Koenig as the successor to Michael Föcking as the head of the bank’s leveraged finance team in Germany. Föcking left to join Nordic private equity group EQT earlier this month.

Koenig, who was a founding member of the team set up in 1998, will head up the bank’s operations in Frankfurt. Since its creation, the team of 16 has been involved in 31 deals, committing a total of E2bn to deals across Germany, Austria, Sweden and the Nordic markets.

Prior to his promotion, Koenig was a director responsible for overseeing large and mid-market LBO transactions in Germany, Switzerland and Scandinavia. He also developed the bank’s mezzanine financing capacities in Germany.

Commenting on his appointment, Koenig said that the team would continue to focus on the mid-market and larger deals in Germany. “In 2001, Leveraged Finance Germany has supported almost half of all completed transactions [above E100m] in a leading position. We will continue to concentrate on this sector.”

Officially launched in 1999, RBS Leveraged Finance Germany has led or co-led nine of the 31 deals in which it has been involved, including the LBO at Messer Griesheim, Europe’s largest industrial leveraged buyout to date.