Finance not only relies on big names, but also eenpitters – Financieele Dagblad (Registration)

The technical information on the IPO of ABN Amro in late May faltering top official of Finance moment in the notes to the operation of the so-called greenshoe . A member of the staff team helps and explains that it is a tool to bring to market additional shares if there is sufficient demand. His business card with light blue vignette of Finance suggests that he is employed by the Ministry. As he also appears to have a business card from the Dutch Central Bank

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Niets further from the truth. Aperghis is hired by both organizations and this for his specific knowledge of banking, capital requirements and IPOs. The lawyer and tax specialist has fifteen years of investment banking walked in the City of London for JP Morgan and then Deutsche Bank. Additional advantage is that it banks and insurance charges to his specialty. In 2014 began Aperghis for himself, he holds office in the “historic center” of Amsterdam.

Joes Leopold

Aperghis is not the only eenpitter hired by Finance. The opinion on the cost of the IPO comes from a sole proprietorship, Joes Leopold. The former investment banker is the founder, owner and sole employee of Capitium. Leopold began his career at ABN Amro and has spent years in the City of London worked for Dresdner Kleinwort Wasserstein and JP Morgan. He is also by NLFI, the trust that administers the shares of ABN Amro on behalf of the State, hired to supervise the sale of insurer SNS Reaal.

When the word sounds IPO, are not directly named Aperghis & amp; Co and Capitium surfaced. It is previously thought to large, reputable names like Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch. Finance Minister Jeroen Dijsselbloem may control at the lowest possible cost, which is not to say that no crop illustrious names. If only because NLFI preferably hires trusted advisors. “Quality is a prerequisite, then play cost a big role,” NLFI writes in his advice to the minister.

Nicholas Aperghis

For that reason, investment bank Rothschild was hired by NLFI to make a choice from the banks that ABN Amro shares will recommend to investors and guarantee placement. Lawyers from Allen & amp; Overy are legal in the state. More big names will undoubtedly follow once NLFI investment banks selected are chosen to interest large investors for shares of ABN Amro. An IPO of this great proportions requires a syndicate of banks worldwide sales force possesses. These include Citigroup, Goldman Sachs and JP Morgan.

So the question is why Finance chooses eenpitters while in recent years made use of an investment bank like Morgan Stanley or an opinion store as Lazards for important issues such as the privatization of state holdings. They Aperghis also know, as a member of the team of Deutsche Bank a few years ago regularly came in The Hague when the State contemplating the partial privatization of Tennet and Gasunie

Big players have their own teams for analysis and calculations, which does not have the eenpitter. “But the advantage of a eenpitter is that that person completely can include in your own team and more can benefit from his experience. That’s easier than if you hire a boutique, “said a chastened investment banker from a large bank. New it is not according to him. It happens often that drop-out investment bankers to set in for the public good. It will also undoubtedly be cheaper, even if only because the large firms have more overhead costs.