KfW hires Kvarnström to advise on IKB sale

07 Mar 2008

KfW has hired Jan Kvarnström to advise it on its sale of a stake in IKB Deutsche Industriebank, the stricken German bank which has required a trio of bail-outs to stop it failing after its ABCP conduit became unable to fund itself in August.

KfW, which owns 38% of IKB, said it had hired Kvarnström to "reinforce the advisory services Merrill Lynch is providing in strategic and operative aspects of the selling process and IKB’s portfolio investments".

Kvarnström, who started this week, is experienced in dealing with problems at German banks, having created ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial