Miklos Kormos, the head of investment banking coverage for Central and Eastern Europe, Israel and Turkey at Deutsche Bank, has died after a battle with cancer, aged 51.
Kormos passed away in December. He joined Deutsche Bank in October 2007, after the bank acquired his advisory boutique New Europe Capital Partners. From 2001, he worked for JPMorgan, latterly rising to president of its Russian business in London before founding his own venture in 2006.
"We have been very saddened by the death of our colleague Miklos Kormos. Our condolences and thoughts are with his family at this time," said Deutsche Bank in an emailed statement.
Kormos was an industry veteran with over 20 years’ experience who had advised on a number of key deals in Eastern Europe in recent years including Polish mobile phone network Polkontel’s sale of €900m of junk debt in January 2012, and Molson Coors’ €2.65bn purchase of Czech beer-maker StarBev.
He gained a Master’s degree in Diplomatic Relations from the University of Vienna and a PhD in Economics from the University of Budapest. He was appointed to the board of directors for Deutsche Bank’s Turkish operation in November 2012.
Kormos joined Deutsche at a time of expansion for its emerging markets desk, along with Shrenik Davda, co-founder of New Europe Capital Partners who is a partner at the now-independent NECP LLP, and Dimitrios Stratikopoulos, the former head of M&A for CEE, who left in September to set up boutique operation, Domius Capital.