MUNICH – Raymond James European Advisory is expanding its Advisory Board with a recognized automotive expert: Dr. Bernd Gottschalk (74) has held executive positions at leading car manufacturers, suppliers and associations. He joins the mid-market-focused corporate finance firm as advisor.
“Globalization has an unparalleled influence on the automotive sector,” said Melville Mummert, head of European Investment Banking at Raymond James. “Our M&A advice has to draw on more international industry knowledge. With Dr. Gottschalk we expand the circle of our advisors with an automotive expert who has been working in the global automotive business for more than 35 years, who is extremely well networked and who will help our automotive clients address strategic challenges.”
Other Advisor Board members include Dr. Helmut Eschwey (former CEO of Heraeus), Ute Lassnig (former managing partner at Mummert & Company as well as former member of the healthcare investment banking team at Goldman Sachs), and Dr. Rudolf Pritzl (former partner at Bain & Company responsible for consumer/retail clients in German speaking countries).
“The automotive industry is undergoing radical changes”, said Gottschalk, in reference to the electrification, the digitalization or the growing interest of Chinese investors in German companies. “Many suppliers need a strong investor by their side to achieve future growth and meet the challenges of globalization.”
The automotive sector is a core focus area for the firm: Last month, Raymond James expanded its international Automotive and Aftermarket Investment Banking practice with the hiring of Todd Cassidy as managing director. Based in Chicago, Cassidy will focus on middle-market automotive parts, aftermarket providers, and services companies in the advanced materials, metals and plastics processing, electronics, engineered products and integrated technology sectors. He joins Raymond James after nearly 10 years in investment banking at William Blair & Company, most recently as its lead automotive and aftermarket coverage officer. “Rapid innovation in performance and fuel economy, consumer electronics integration, semi- and full-autonomous driving systems, and safety has led to an increased need for capital formation and elevated levels of M&A in all segments of the auto supply market,” he said.
Gottschalk studied economics at the universities of Hamburg (Germany), Saarbruecken (Germany) and Stanford (USA). He earned his doctorate in 1971 in Hamburg and was appointed Honorary Professor at the Western Saxon University of Zwickau (Germany) in 1999. Gottschalk has held executive positions at Mercedes and as president of the German Automotive Association (VDA). Along with his role on the Schaeffler AG Supervisory Board, he is a member of the supervisory boards at Plastic Omnium S.A., the JOST Group, the Hay Group, the Schlemmer Group and Facton GmbH.
About Raymond James European Advisory
Raymond James European Advisory advises SMEs, entrepreneurs and family businesses on cross-border transactions. The advisory offering covers all phases of the transaction process, from defining strategic goals and negotiating financial conditions through to signing contracts and finalizing deals. Raymond James European Advisory exclusively represents the interests of its clients, especially in relation to mergers and acquisitions, funding, restructurings and secondaries. Thanks to the firm's many years of project work, it has developed a focus on a number of sectors: Technology & Services, Industrials, Health Care and Consumer & Retail.
Raymond James European Advisory was established in June 2016 following the integration of Mummert & Company GmbH into Raymond James Financial, Inc. Within the group, the Munich-based advisory team is part of the Investment Banking unit. With its more than 300 M&A advisors, Raymond James Investment Banking is already one of the market leaders in the U.S. and was awarded the titles of Investment Banking Firm of the Year by the M&A Advisor and USA Middle Market M&A Investment Bank of the Year by the Global M&A Network.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has 7,100 financial advisors serving approximately 3 million client accounts in more than 2,900 locations throughout the United States, Canada and overseas. Total client assets are $637 billion. Public since 1983, the firm has been listed on the New York Stock Exchange since 1986 under the symbol RJF. Additional information is available at www.raymondjames.com.