Patrick Cichy

Total Page：16

File Type：pdf, Size：1020Kb

Patrick Cichy Partner Corporate and M&A excellent content, strong client focus Client, JUVE Handbook 2018/2019 Primary practice Corporate and M&A 29/09/2021 Patrick Cichy | Freshfields Bruckhaus Deringer About Patrick Cichy Patrick is a partner in our global transaction practice. Since joining the firm, he has worked across many industries with a particular focus on financial institutions. Patrick is often recommended for financial institutions and corporate/M&A advice and has built long-term relationships with clients for whom he has acted. He is very comfortable with complex, high-profile transactions. His MBA enables him to focus on and add value to the commercial aspects of each deal, while his nine-month secondment to Deutsche Bank’s M&A department in New York and his long-term advice in particular for Hamburg Commercial Bank mean Patrick understands the workings of large financial institutions. He also has good knowledge of the renewable energy and infrastructure/transport sectors. Patrick is our lead country partner for the Nordics, the author of various publications and a regular speaker at conferences. A native German speaker, Patrick also speaks English and French. Recent work <ul> <li>Advising Hamburg Commercial Bank (ex HSH Nordbank) since 2009 on several large projects, including its restructuring, EU subsidy proceedings, recovery and resolution planning, AQR/stress test, sale of a €5bn non-performing shipping portfolio to a state-owned bad bank, sale of further several billion euro non-performing loan portfolios to the market as well as the bank's sale to Cerberus, JC Flowers, Goldentree, Centaurus and Bawag.</li> <li>Advising NORD/LB on its restructuring.</li> <li>Advising Deutsche Bank on strategic M&A, among others on the considered takeover of Commerzbank AG, the merger of Postbank AG and the sale of BHF-BANK.</li> <li>Advising Deutsche Post on the sale of Deutsche Postbank to Deutsche Bank.</li> <li>Advising the City of Hamburg on the partial privatisation of the Port of Hamburg (trade sale and IPO). The IPO included an innovative, award-winning tracking stock structure, the first of its kind for a German listed company.</li> </ul> Qualifications Education <ul> <li>Universities of Freiburg, Germany, and Grenoble, France (law)</li> <li>University of Freiburg, Germany (doctorate in law and lecturer in law)</li> <li>University of Wales, UK (Master of Business Administration, MBA)</li> </ul> Professional qualifications <ul> <li>Rechtsanwalt, Germany</li> </ul> 29/09/2021 Patrick Cichy | Freshfields Bruckhaus Deringer Contact Patrick [email protected] Hamburg Frankfurt am Main Hohe Bleichen 7 Bockenheimer Anlage 44 20354 Hamburg 60322 Frankfurt am Main T +49 40 36 90 60 T +49 69 27 30 80 F +49 40 36 90 61 55 F +49 69 23 26 64 29/09/2021 Patrick Cichy | Freshfields Bruckhaus Deringer .

Copy Link

Recommended publications

2020 Sample Delegate List
2020 Sample Delegate List Join 600+ institutional and private investors alongside fund managers, developers, telecoms, energy companies and the world's governments for four days of unrivalled networking opportunities and cutting-edge content. Here is a sample of some of the biggest names in the industry who you could meet in March: • Arendt & Medernach • Ancala Partners • 3i Group • APFC • 4IP Group • APG Asset Management • A.P. Moller Capital • Apollo Global Management • Aarden • Aquila Capital Management • Abu Dhabi Investment Authority • Arcus Infrastructure Partners • ABVCAP • Ardian • Access Capital Partners • Arjun Infrastructure • Achmea Investment Management • Arpinge • Actis • ASFO • Africa Investor • Ashurst • Africa50 • Asian Infrastructure Investment Bank • Al Saheal Property Development & • Asper Investment Management Management • Astarte Capital Partners • Alberta Teachers' Retirement Fund • Asterion Industrial Partners • Alberta Teachers' Retirement Fund Board • Astrid Advisors • Allen & Overy • ATLAS Infrastructure • Allianz Capital Partners • ATP • Altamar Capital Partners • AXA Real Estate Investment Managers • AMF Pension • Axium Infrastructure • AMP Capital • Bain & Company • Analysys Mason • Barmenia For more information, visit the website here. Last updated 21/01/2020 • Basalt Infrastructure Partners • Cooperatie • Bases Conversion and Development • Copenhagen Infrastructure Partners Authority (BCDA) • Covalis Capital • BayWa r.e. renewable energy • CPPIB • bfinance • CPV-CAP Pensionskasse Coop • Bimcor • Credit
[Show full text]
A New Era in Retail Banking 2Q: a Record Quarter Acquisitions Fire up Growth Strategy
03 August 2007 A new era in retail banking 2Q: A record quarter Acquisitions fire up growth strategy ING Shareholder 03 – August 2007 Dear reader, In the past few months, ING has been in the ING’s goal is to be a leading global provider of This magazine is a quarterly publication news with several major announcements about wealth accumulation and retirement services for by ING Group for shareholders and others acquisitions, divestments and a major investment individuals. ING’s three insurance executive board interested in ING. in the Dutch retail banking market. They are all members, Jacques de Vaucleroy, Tom McInerney Subscribe to ING Shareholder part of ING’s strategy of efficiently using capital and Hans van der Noordaa explain how insurance Fax (+3) 4 65 2 25 to create long term growth. In this issue, we take is changing and how companies such as ING Mail P.O. Box 258, 5280 AG Boxtel a look at some of these projects and discuss the have the capacity to play a major role in wealth The Netherlands strategy underlying them. In the Netherlands, the accumulation. Internet: www.ing.com Postbank and ING Bank combination was indeed big news. As our story explains, it is all about In the ten years ING Direct has been in business, Editorial office bringing together the best of both entities and the direct bank has become the largest direct ING Group, Corporate Communications building a bank with the best selected range of bank in the world. We profile one of ING Direct’s Investor Relations Department products and services.
[Show full text]
UBS Investment Research Post-Crisis Banking
!"# Global Equity Research Global UBS Investment Research Banks Post-crisis banking Equity Strategy Basel III proposal 17 December 2009 ! Consultation paper www.ubs.com/investmentresearch Today, the Basel Committee for Bank Supervision published a consultation paper on financial regulatory reforms that set out to enhance capital and liquidity standards. The consultation paper is subject to an impact assessment and at this stage lacks definitive quantifications. Philip Finch Analyst ! Key proposals [email protected] Proposed changes to financial regulations include: 1) a capital ratio based on +44-20-7568 3456 common equity and retained earnings (excluding hybrids and DTAs); 2) an Peter Carter introduction of a leverage ratio based on a harmonised definition; 3) a 30-day Analyst liquidity ratio; 4) counter-cyclical buffers; and 5) a new risk weighting to reflect [email protected] counter-party risk. +44 20 7568 4043 ! Potential timeframe The proposed measures are subject to an impact assessment to be carried out in the first half of 2010. Feedback on the consultative documents should be submitted by 16 April 2010. The implementation deadline is year-end 2012, although extended transition arrangements might be permitted. ! Initial conclusion While the proposed framework appears to be robust and comprehensive, regulatory uncertainty will likely persist, given the absence of definitive quantifications, and could continue to weigh on sector growth and risk appetite. As such, we maintain our preference for banks that are well capitalised and strongly funded. Following coverage initiation, we add BAC to our preferred list. This report has been prepared by UBS Limited ANALYST CERTIFICATION AND REQUIRED DISCLOSURES BEGIN ON PAGE 8.
[Show full text]
Participant List
Participant list GC SecLend Select Select Participant Country City Repo Market HQLAx Pooling CCP Invest Finance Aareal Bank AG D Wiesbaden x x ABANCA Corporaction Bancaria S.A E Betanzos x ABN AMRO Bank N.V. NL Amsterdam x x ABN AMRO Clearing Bank N.V. NL Amsterdam x x x Airbus Group SE NL Leiden x x Allgemeine Sparkasse Oberösterreich Bank AG A Linz x x ASR Levensverzekering N.V. NL Utrecht x x ASR Schadeverzekering N.V. NL Utrecht x x Augsburger Aktienbank AG D Augsburg x x B. Metzler seel. Sohn & Co. KGaA D Frankfurt x x Baader Bank AG D Unterschleissheim x x Banco Bilbao Vizcaya Argentaria, S.A. E Madrid x x Banco Cooperativo Español, S.A. E Madrid x x Banco de Investimento Global, S.A. PT Lisbon x x Banco de Sabadell S.A. E Alicante x x Banco Santander S.A. E Madrid x x Bank für Sozialwirtschaft AG D Cologne x x Bank für Tirol und Vorarlberg AG A Innsbruck x x Bankhaus Lampe KG D Dusseldorf x x Bankia S.A. E Madrid x x Banque Centrale du Luxembourg L Luxembourg x x Banque Lombard Odier & Cie SA CH Geneva x x Banque Pictet & Cie AG CH Geneva x x Banque Internationale à Luxembourg L Luxembourg x x x Bantleon Bank AG CH Zug x Barclays Bank PLC GB London x x Barclays Bank Ireland Plc IRL Dublin x x BAWAG P.S.K. A Vienna x x Bayerische Landesbank D Munich x x Belfius Bank B Brussels x x Berlin Hyp AG D Berlin x x BGL BNP Paribas L Luxembourg x x BKS Bank AG A Klagenfurt x x BNP Paribas Fortis SA/NV B Brussels x x BNP Paribas S.A.
[Show full text]
Investor Relations Release Postbank Will Process Payment Transactions
Investor Relations Release Postbank will process payment transactions for Deutsche Bank and Dresdner Bank - Deutsche Bank to contribute its subsidiary DB Payments - Dresdner Bank to contribute its subsidiary Dresdner Zahlungsverkehrsservice - Joint synergies Deutsche Bank and Dresdner Bank will have their payments processed by Postbank. Preliminary agreements for this have now been signed by the three companies. The partners see this as an important step in implementing their strategic objectives and as an important signal for the consolidation of the German banking market. For the three banks' clients, nothing will change: The clients' accounts will continue to be kept, as before, with their respective banks. As a result of this agreement, Postbank will become one of the leading payments clearing houses in Germany. A few days ago, Postbank announced it was examining the possibilities of an IPO within the next 18 months. For this reason, Professor Dr. Wulf von Schimmelmann, Chairman of the Board of Management of Deutsche Postbank AG, sees the transaction as "an important component of the planned IPO". It strengthens the bank’s new business field "Transaction Bank". "The capacity of our platform will be used more efficiently. Thus, we can present a win-win situation for everyone involved: Our partners will be able to reduce their costs; we will be able to increase our revenues." Already today, Postbank is one of the big players in clearing payments, handling over 10 million transactions per day. For Deutsche Bank, this is a further logical step in the concentration on its core businesses and represents a high-performance partnership. "Early on we signalized to the market that we wanted to achieve synergies in transaction banking.
[Show full text]
Exchange Council Election Eurex Deutschland Preliminary Voter List – As of 16 August 2019
Exchange Council Election Eurex Deutschland Preliminary Voter List – as of 16 August 2019 Voter group 1a cooperative credit institutions Company State DZ BANK AG Deutsche Zentral-Genossenschaftsbank Germany Page - 1 - Exchange Council Election Eurex Deutschland Preliminary Voter List – as of 16 August 2019 Voter group 1b credit institutions under public law Company State Bayerische Landesbank Germany DekaBank Deutsche Girozentrale Germany Hamburger Sparkasse AG Germany Kreissparkasse Köln Germany Landesbank Hessen-Thüringen Girozentrale Germany Landesbank Saar Germany Norddeutsche Landesbank - Girozentrale Germany NRW.BANK Germany Sparkasse Pforzheim Calw Germany Page - 2 - Exchange Council Election Eurex Deutschland Preliminary Voter List – as of 16 August 2019 Voter group 1c other credit institutions Company State ABN AMRO Bank N.V. Netherlands ABN AMRO Clearing Bank N.V. Netherlands B. Metzler seel. Sohn & Co. KGaA Germany Baader Bank Aktiengesellschaft Germany Banca Akros S.p.A. Italy Banca IMI S.p.A Italy Banca Sella Holding S.p.A. Italy Banca Simetica S.p.A. Italy Banco Bilbao Vizcaya Argentaria S.A. Spain Banco Comercial Português S.A. Portugal Banco Santander S.A. Spain Bank J. Safra Sarasin AG Switzerland Bank Julius Bär & Co. AG Switzerland Bank Vontobel AG Switzerland Bankhaus Lampe KG Germany Bankia S.A. Spain Bankinter Spain Banque de Luxembourg Luxemburg Banque Lombard Odier & Cie SA Switzerland Banque Pictet & Cie SA Switzerland Barclays Bank Ireland Plc Ireland Barclays Bank PLC United Kingdom Basler Kantonalbank Switzerland Berner Kantonalbank AG Switzerland Bethmann Bank AG Germany BNP Paribas United Kingdom BNP Paribas (Suisse) SA Switzerland BNP Paribas Fortis SA/NV Belgium BNP Paribas S.A. Niederlassung Deutschland Germany BNP Paribas Securities Services S.C.A.
[Show full text]
A Solid Governance Structure As Basis for Economic Success
Corporate Governance at Commerzbank A solid governance structure as basis for economic success Commerzbank AG, Group Investor Relations, Frankfurt, June 2021 1 Corporate Supervisory Board Supervisory Board Board of Managing Remuneration of Governance Composition Remuneration Directors Managing Directors Agenda No. Topic Page 1 Corporate Governance 2 2 Supervisory Board - Composition 4 3 Remuneration of the Supervisory Board 11 4 Board of Managing Directors - Composition 13 5 Remuneration of the Board of Managing Directors 17 Commerzbank AG, Group Investor Relations, Frankfurt, June 2021 2 Corporate Governance Chapter No. 1 Commerzbank AG, Group Investor Relations, Frankfurt, June 2021 3 Corporate Supervisory Board Supervisory Board Board of Managing Remuneration of Governance Composition Remuneration Directors Managing Directors Collaboration between the Supervisory Board and the Board of Managing Directors in the German “Two-tier Board System” A structure of the Board of Directors of a company used in certain Executive Control Ownership European countries, such as Germany, that comprises two tiers: Level Level Level › a Supervisory Board, on which representatives of employees and Two-tier Two-tier Management Supervisory shareholders are represented; Shareholders Board System Board Board › a Management Board (Board of Managing Directors or System Executive Board) that is concerned with the day-to-day running of One-tier the business. Board (Chair & CEO) Shareholders System Supervisory Board Board of Managing Directors › The Supervisory Board supervises and › The Board of Managing Directors is advises the Board of Managing Directors on responsible for independently managing the managing the bank. enterprise. › The Supervisory Board supervises the Board › It is obliged to act in the bank’s best interest of Managing Directors in particular with and undertakes to increase the enterprise respect to compliance with all respective value of the bank sustainably.
[Show full text]
Deutsche Postbank 2006 Group Annual Report Postbank. More Bank
Deutsche Postbank Postbank Group in figures 2006 2006 Group Annual Report Jan. 1 – Dec. 31 2006 2005 Consolidated income statement Postbank. More bank. Balance sheet-related revenues ¤m 2,710 2,132 Total income ¤m 4,117 2,831 Administrative expenses ¤m –2,812 –1,886 2006 Group Annual Report Profit before tax ¤m 941 719 Consolidated net profit ¤m 695 492 Total cost/income ratio % 68.3 66.6 Cost/income ratio in traditional banking business % 66.7 63.7 Return on equity1 before tax % 18.9 15.0 Deutsche Postbank AG after tax % 14.0 10.3 Earnings per share ¤ 4.24 3.00 Dec. 31, 2006 Dec. 31, 2005 Consolidated balance sheet Total assets ¤m 184,887 140,280 Customer deposits ¤m 87,663 68,418 Customer loans ¤m 79,388 44,134 Allowance for losses on loans and advances ¤m 1,155 776 Equity ¤m 5,207 5,061 BIS regulatory indicators Tier 1 ratio % 5.5 8.3 Capital ratio % 8.1 10.7 Tier 1 ratio in accordance with Basel II2 % 6.6 – Headcount thousand 21.49 9.24 Long-term ratings Moody's A 1 A 1 Outlook stable stable Standard & Poor's A A Outlook negative negative Fitch A A Outlook stable stable Information on Postbank shares Dec. 31, 2006 Dec. 31, 2005 Share price at the balance sheet date ¤ 63.97 49.00 Share price (Jan. 1 – Dec. 31) high ¤ 65.45 50.84 low ¤ 48.21 32.16 Market capitalization on December, 31 ¤m 10,491 8,036 Number of shares million 164.0 164.0 678 107 017 1 Prior-period figures restated 2 Internal calculation in accordance with the Solvabilitätsverordnung (SolvV – Solvency Ordinance) and the Kreditwesengesetz (KWG – German Banking Act) Deutsche Postbank Postbank Group in figures 2006 2006 Group Annual Report Jan.
[Show full text]
For Legal Reasons, Private Bankers Domiciled in Switzerland Were Not Included in This List
Bank for International Settlements March 2010 Monetary and Economic Department RESTRICTED Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity Turnover in April 2010 FINAL list of reporting dealers by country, name and SWIFT code SWIFT ID Country Name (N: Not available) Note: For legal reasons, private bankers domiciled in Switzerland were not included in this list. 1 AR ABN AMRO BANK N V ABNAARBA 2ARAMERICAN EXPRESS BANK LTD SA AEIBARB1 3ARBANCO BI CREDITANSTALT SA BIINARBA 4ARBANCO BRADESCO ARGENTINA SA BBDEARBA 5ARBANCO CETELEM ARGENTINA SA N 6ARBANCO CMF SA CMFBARBA 7ARBANCO COLUMBIA SA N 8ARBANCO COMAFI SA QUILARBA 9ARBANCO CREDICOOP COOPERATIVO LIMITADO BCOOARBA 10 AR BANCO DE CORRIENTES SA N 11 AR BANCO DE FORMOSA SA BFSAARBF 12 AR BANCO DE GALICIA Y BUENOS AIRES SA GABAARBA 13 AR BANCO DE INVERSION Y COMERCIO EXTERIOR SA BICXARBA 14 AR BANCO DE LA CIUDAD DE BUENOS AIRES BACIARBA 15 AR BANCO DE LA NACION ARGENTINA NACNARBA 16 AR BANCO DE LA PAMPA PAMPARBA 17 AR BANCO DE LA PROVINCIA DE BUENOS AIRES PRBAARBADIV 18 AR BANCO DE LA PROVINCIA DE CORDOBA CORDARBA 19 AR BANCO DE LA PROVINCIA DEL NEUQUEN BPNEARBA 20 AR BANCO DE LA REPUBLICA ORIENTAL DEL URUGUAY BROUARBA 21 AR BANCO DE SAN JUAN SA N 22 AR BANCO DE SANTA CRUZ SA BPSCARB1 23 AR BANCO DE SANTIAGO DEL ESTERO SA N 24 AR BANCO DE SERVICIOS Y TRANSACCIONES SA N 25 AR BANCO DE VALORES SA BAVAARBA 26 AR BANCO DEL CHUBUT SA BPCHARBA 27 AR BANCO DEL SOL SA N 28 AR BANCO DEL TUCUMAN SA BDTUARBM 29 AR BANCO DO BRASIL SA BRASARBA 30 AR BANCO FINANSUR SA BFSUARBA
[Show full text]
Keynote Address by Hyun Song Shin
Bank capital, dividends and management compensation Hyun Song Shin* Bank for International Settlements 2017 Biennial IADI Research Conference Basel, 1 June 2017 * The views expressed here are mine, not necessarily those of the Bank for International Settlements. Equity as foundation for lending Annual changes in assets, equity and debt for a large European bank 1999–2015, in billions of euros Graph 3 300 y = 0.999x – 5.08 200 R2 = 0.999 100 0 –100 Debt (equity) change –200 –100 –50 0 50 100 150 200 250 300 350 400 Asset change Debt change Equity change Scatter plot showing how much of the change in assets is accounted for by changes in debt and equity, respectively. Annual changes in billions of euros are shown for large European bank (1999-2015). Sources: S&P Capital IQ; BIS calculations. 2 Bank capital as foundation for lending Equity foundation of the building Leverage height of the building 3 Sutyagin house 4 Sutyagin house 5 Sound banks lend more Some stylised facts on bank leverage1 Figure 1 Cost of funding Non-equity funding Lending y = 11.1 - 0.112x y = 2.46 + 0.0331x 6 2 y = 10.7 - 0.138x R = 0.12 21 21 R2 = 0.16 R2 = 0.14 5 14 14 4 7 7 3 0 0 2 Growth of non-equity funding Growth of lending Cost of non-equity funding 1 –7 –7 10 20 30 40 50 60 70 10 20 30 40 50 60 70 10 20 30 40 50 60 70 Total assets/Equity Total assets/Equity Total assets/Equity 1 The panels represent scatter plots between the average level of leverage for a group of 105 international banks and selected bank-specific indicators: average cost of funding, average growth rate of non-equity financing; average annual growth rate of lending.
[Show full text]
Interim Report As at 30 June 2020 Hamburg Commercial Bank
Interim Report as at 30 June 2020 Hamburg Commercial Bank Group overview INCOME STATEMENT (€ million ) BALANCE SHEET (€ billion) Net income before restructuring and Reported equity privatisation January - June 2020 30.06.2020 (cf. January - June 2019: 104) (cf. 31.12.2019: 4.4) ↘ 76 → 4.4 Net income before taxes Total assets 30.06.2020 (cf. January - June 2019: 96) (cf. 31.12.2019: 47.7) ↘ 71 ↘ 41.8 Group net result Business volume 30.06.2020 (cf. January - June 2019: 5) (cf. 31.12.2019: 55.6) ↘ 4 ↘ 48.0 CAPITAL RATIO & RWA (%)1) EMPLOYEES (computed on full-time equivalent basis) CET1 ratio 30.06.2020 (cf. 31.12.2019: 18.5) Total 30.06.2020 (cf. 31.12.2019: 1,482) ↗ 21.7 ↘ 1,215 Total capital ratio 30.06.2020 Germany 30.06.2020 (cf. 31.12.2019: 23.5) (cf. 31.12.2019: 1,421) ↗ 27.0 ↘ 1,180 Risk weighted assets (RWA) 30.06.2020 Abroad 30.06.2020 (€ billion) (cf. 31.12.2019: 21.0) (cf. 31.12.2019: 61) ↘ 19.0 ↘ 35 Due to rounding, numbers presented throughout this report may not add up to the totals disclosed and percentages may not precisely reflect the absolute figures. 1) Not in-period: regulatory disclosure pursuant to the CRR Content Interim Management Interim group financial Report statements 2 Economic report 46 Group statement of income 2 Underlying economic and industry conditions 7 Business development 47 Group statement of comprehensive income 9 Earings, net assets and financial position 17 Segment results 48 Group statement of financial position 19 Employees of Hamburg Commercial Bank 50 Group statement of changes in equity 21
[Show full text]
2019-03-28 Investor Presentation
Investor Presentation IFRS Group Result as at 31 December 2018 28 March 2019 Hamburg Commercial Bank – What we are … … now a private commercial bank. True to Hanseatic tradition, we make clear promises and keep them: For us it’s only one • Reliable direction: • Client-centric Clearly ahead. We act towards the future. • Sincere Business Clients Real Estate Project Finance – Renewable Energy and Infrastructure Shipping Capital Markets & Products Investor Presentation - IFRS Group Result 2018 2 28 March 2019 Agenda 1. Closing – Privatisation process 2. Transformation process 3. Financial key figures for 2018 4. Outlook 2019 5. Appendix Investor Presentation - IFRS Group Result 2018 3 28 March 2019 Highlights 2018 EU-COM approved state aid-free privatisation of the bank Management Board – continuity and proven track record with additional expertise of the new board member for markets Transition of protection scheme from public sector to private banks envisaged Comprehensive relief from legacy burdens – dissolution of Non-Core Bank and early termination of guarantee Moody’s and S&P acknowledge improved financial profile of Hamburg Commercial Bank Transformation of business strategy to achieve objectives in 2022 Start with very solid financial profile: strong CET1 and comfortable liquidity ratios, as well as healthy portfolio New shareholders – strong expertise and high level of commitment Investor Presentation - IFRS Group Result 2018 4 28 March 2019 New shareholders with strong expertise, proven track record and reliable commitment New shareholder structure Several funds initiated by One fund advised by One fund initiated by Centaurus BAWAG P.S.K. Cerberus Capital Management, L.P. J.C. Flowers & GoldenTree Asset Capital LP Co.
[Show full text]