FIRM

TRACE CAPITAL
is a
Principal Investment, Asset Management,
Corporate Finance, Restructuring, and Financial Advisory
Boutique

focused on
Investment in CEE and SEE.

TRACE CAPITAL, founded in 2014, is a boutique focused on Principal Investment, Asset Management, Corporate Finance, Restructuring, and Financial and Operational Advisory in Performing and Non-Performing Real Estate, Financial and Corporate Assets (including NPLs), Special Situations, and Alternative Finance in Central & Eastern Europe (CEE) and South Eastern Europe (SEE).  

TRACE CAPITAL specialises in Off Market Transactions.

TRACE CAPITAL provides Sourcing, Origination, Valuation, Underwriting, Marketing, Debt and Equity Finance, and Asset Management in relation to Performing and Non-Performing Assets and Special Situations.

TRACE CAPITAL clients and partners include Funds, Financial Institutions, Corporates, Family Offices, and Supra-Nationals based in the United Kingdom, Europe, and the United States, including Debitos, Europe’s foremost FinTech illiquid credit auction platform.

TRACE CAPITAL opens doors and closes deals.

The TRACE CAPITAL Executive Team
has extensive expertise, decades of experience, and
a vast network of professionals and market contacts
in CEE and SEE.

EXECUTIVE TEAM


The TRACE CAPITAL Executive Team
has extensive expertise, decades of experience, and
a vast network of professionals and market contacts
in CEE and SEE.

C-3

Christian Bruckner

PARTNER
Email:    cb@tracecap.com
Mobile:  +43 664 3148501

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Christian is a senior Finance executive with over 25 years banking and transaction experience throughout Europe. He has a demonstrated record of strategic leadership and effective execution of M&A, restructuring and turnaround, asset management, and development of new business initiatives. Christian has served in executive and non-executive board functions of financial institutions, real estate companies, and servicing platforms. Key roles include:

  • Founding Partner, TRACE CAPITAL
  • Advisor to the Management Board, Erste Group, Austria
  • COO Member of the Board, BCR, Romania
  • SVP Global Banking Services, Unicredit, Italy
  • CEO, Banking Transaction Services, Czech Republic
  • COO/CFO Member of the Board, HVB Bank, Czech Republic
  • Group COO CEE, Bank Austria Creditanstalt, Austria
  • COO, Bank Creditanstalt, Poland

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Robert Bruckner

DIRECTOR & PARTNER
Email:    rb@tracecap.com
Mobile:  +43 664 2106587

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Robert is a senior CRO and Restructuring and Investment executive with over 16 years experience working with banks and funds in Europe, the United Kingdom and the United States, where he has gained extensive product expertise in performing and non-performing corporate, real estate, and automobile loan and leasing assets. Robert has successfully resolved over EUR 30bn of loan and leasing assets and over EUR 4bn of structured credit assets. Key roles include:

  • Founding Partner, TRACE CAPITAL
  • Senior Advisor, The Baupost Group, United Kingdom and United States
  • CRO, KA Finanz AG, Austria
  • Head of Modelling and Risk Analytics, BAWAG PSK (portfolio bank of Cerberus Capital Management), Austria and United States
  • Risk Manager, Bank Austria, Austria

D-3

Denise R Hamer

PARTNER
Email:    dh@tracecap.com
Mobile:  +43 664 3970173

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Denise is a senior lawyer and Attorney at Law admitted to the New York State Bar, Advokát admitted to the Ceská Advokátní Komora (Czech Bar), and Foreign Registered Lawyer in the UK, with a practice emphasis on finance, debt restructuring, acquisition/ disposition/ asset management of performing and non-performing real estate, financial and corporate assets, and special situations and with a geographical emphasis in CEE/SEE and CIS/Russia, where she has worked and lived for over 25 years. Denise has advised on marquee and award winning transactions and precedent setting litigation in the region. Key roles include:

  • Partner, TRACE CAPITAL
  • Partner, DLA Piper, Austria and United Kingdom
  • Partner, Schoenherr, Austria
  • Head of Legal, BAWAG PSK (portfolio bank of Cerberus Capital Management), Austria and United States
  • Director & Counsel, Fixed Income, Citigroup, United Kingdom
  • Restructuring Counsel, FLAG Telecom, United Kingdom
  • Managing Partner, Arthur Andersen, Russia
  • Managing Attorney, White & Case, Uzbekistan
  • Vice President, Societe Generale, United States and France
  • Finance & Restructuring Associate, Weil Gotshal & Manges, United States

Bernhard Herzig

PARTNER
Email:    bh@tracecap.com
Mobile:  +43 664 4655846

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Bernhard is a senior banking and risk management executive with over 16 years of experience in the financial sector, focused on regulation and risk management. He has held several leadership positions, including head of risk management in a significant European banking group and supervisory board positions in banks in the CEE region. Bernhard started his professional career at the Austrian Financial Market Authority where he worked on implementation of Basel, Solvency II, and the Market Abuse Directive. Bernhard holds a doctoral degree in business informatics. Key roles include:

  • Partner, TRACE CAPITAL
  • Head of Risk, Sberbank Europe AG, Austria and CEE region
  • Member of the Supervisory Board, Sberbank a.d. Banja Luka, Bosnia and Herzegovina
  • Member of the Supervisory Board, Sberbank Slovensko, Slovakia
  • Head of Modelling and Risk Analytics , BAWAG PSK (portfolio bank of Cerberus Capital Management), Austria and United States
  • Senior Risk Modeller, Bank Austria, Austria
  • Integrated Financial Markets, Austrian Financial Market Authority, Austria
  • Lecturer at various universities and universities of applied sciences, Austria

Éanna Dáibhis

DIRECTOR
Email:    ed@tracecap.com
Mobile:  +353 87 2413853

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Éanna is an accountant and business consultant with 40 years’ experience in Financial Management and Directorship roles in Ireland and overseas. Over the last 15 years, Éanna has carried out a wide range of consulting assignments in areas such as business development, fund raising, litigation support and corporate restructuring. Key roles include:

  • Director, TRACE CAPITAL
  • Partner / Director roles in seed and early stage VC funds
  • Directorships of companies in the medical care, medical device, property and other industries
  • Entrepreneurial roles in start-up companies
  • Senior Financial Management roles with the Ericsson Group in Ireland and Saudi Arabia

NEWS

“European Union Proposed NPL Legislation to Facilitate NPL Sales” by Denise Hamer, 10 May 2018

“European Union Proposed NPL Legislation to Facilitate NPL Sales” by Denise Hamer, 10 May 2018

“European Union Proposed NPL Legislation to Facilitate NPL Sales” by Denise Hamer, 10 May 2018

On 14 March 2018, the European Union (EU) Commission unveiled legislation designed to reduce the “problem of non-performing loans (NPLs) in the EU”.  While acknowledging that post-financial crisis remedial measures had materially “improved banks’ solvency, leverage and liquidity positions”, the EU Commission nevertheless stressed the need for further prophylactic measures to prevent a resurgence of NPLs. [European Commission Fact Sheet: Action Plan on the Reduction of Non-Performing Loans in Europe, Brussels, 14 March 2018]

EU stated there are “too few investors willing and able to buy NPLs relative to the large amount of NPLs on European banks’ balance sheets. Market entry is difficult for new investors because the business of loan sales is complex and the relevant rules differ considerably across the EU”.

… Read more   https://www.linkedin.com/pulse/european-union-proposed-npl-legislation-facilitate-sales-denise-hamer-1/

TRACE CAPITAL sponsors and partner Denise Hamer chairs the Panel “Investment Trends” at the SCI Non Performing Loan Securitisation Seminar in London, 9 May 2018

TRACE CAPITAL sponsors and partner Denise Hamer chairs the Panel “Investment Trends” at the SCI Non Performing Loan Securitisation Seminar in London, 9 May 2018

TRACE CAPITAL sponsors and partner Denise Hamer chairs the Panel “Investment Trends” at the SCI Non Performing Loan Securitisation Seminar in London, 9 May 2018.

http://www.structuredcreditinvestor.com/NPL18/

Denise Hamer quoted in Structured Credit Investor “Swiss Mortgage Portfolio Sale Eyed”, regarding Sale of Raiffeisen Bank Polbank to BNP Paribas, 18 April 2018

Denise Hamer quoted in Structured Credit Investor “Swiss Mortgage Portfolio Sale Eyed”, regarding Sale of Raiffeisen Bank Polbank to BNP Paribas, 18 April 2018

Denise Hamer, Partner of TRACE CAPITAL, quoted in Structured Credit Investor “Swiss Mortgage Portfolio Sale Eyed”, regarding Sale of Raiffeisen Bank Polbank to BNP Paribas, 18 April 2018

Polbank story

TRACE CAPITAL brings first American investor into Viennese Residential Market, 15 March 2018

TRACE CAPITAL brings first American investor into Viennese Residential Market, 15 March 2018

Tradition meets Modern Finance

TRACE CAPITAL helped its client, a Viennese Real Estate investor focused on value added residential plays in top locations, close a 100M portfolio acquisition. After a complex three months negotiation process, an American based global investment fund provided 75% of the required equity in a promote structure. TRACE CAPITAL utilised its vast network to institutional investors to identify the perfect candidate and helped bridge the gap between modern financial structuring and the traditional ways of real estate investing in Vienna.

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