Dagong Europe Credit Rating -Dagong Europe- has announced the appointment of Gabino Tuero as Business Development Director, effective from 18 August 2014 based in the Milan office. Mr Tuero will be in charge of all business development activities both in the financial institutions and the corporates sectors of the major Southern European economies Italy, Spain and Portugal. He will also cover Eastern Europe and Corporates in the United Kingdom, reporting directly to Ulrich Bierbaum, the General Manager.
Ulrich Bierbaum, GM said ‘Dagong Europe is expanding our business development department to meet the enquiries and demands of our tailor-made rating services. Gabino’s arrival will certainly reinforce our commitment to the market. With his all-round, cross-industry background in sales, marketing, research and product development from leading financial services providers and his long standing relationships with clients and stakeholders, I am certain that we can foresee progress at a rapid pace shortly. We look forward to working closely with him.’
‘I am delighted to take on this role. I strongly believe in the potential and the unique positioning of Dagong Europe. The combination of Western methodology and the Chinese philosophy intrigues me very much. I am eager to bring my experience to the multicultural environment and am excited to be part of the team that will help to quickly strengthen Dagong Europe’s presence in this area.’ Mr Tuero added.
Mr Tuero, a Spaniard, joins Dagong Europe from Credit Suisse where he was Vice President of the External Asset Manager department since 2012, being the main point of contact with Iberian and LATAM clients from the Luxembourg office. Prior to that, he was Senior Relationship Manager at Nordea Asset Management, covering Iberia and LATAM markets. Before relocating to Luxembourg, he was Business Development Director, Financial institutions at Aviva Investors in Spain, responsible for developing relationships mainly with institutions in the Spanish, Portuguese and Andorran markets. He also spent 8 years in the Marketing department of Fidelity Investments, primarily involved in On-line and Product & Market Research functions, supporting the generation of key sales opportunities. He holds a degree in Marketing Research (ITM) and Business Administration (E-2) from Universidad Pontificia de Comillas (ICADE).
Dagong Europe
Dagong Europe Credit Rating srl (Dagong Europe) was established in March 2012 with headquarters in Milan, Italy. In June 2013, Dagong Europe received authorization and registration by the European Securities Market Authority (‘ESMA’) under the Article 16 of the CRA regulation.
Dagong Europe, a joint venture between Dagong Global Credit Rating (60% ownership) and Mandarin Capital Partners (40% ownership), is led by Mr. Ulrich Bierbaum as General Manager. Mr. Guan Jianzhong, President of Dagong Global, is the Chairman of Dagong Europe’s Board of Directors, while Mr. Lorenzo Stanca, Managing Partner of Mandarin Capital Partners, is the Deputy Chairman.
Dagong Europe provides credit opinions on financial institutions including insurance companies and non-financial corporates, producing autonomously Procedures, Criteria and models that are the foundations of the credit rating process. Dagong Europe is dedicated to bringing the financial markets with an independent, objective, fair, transparent, timely and prospective credit opinion.
Dagong Global Credit Rating Co., Ltd., headquartered in Beijing, was founded in 1994 upon the joint approval of The People’s Bank of China and the former State Economic and Trade Commission. Dagong holds all the qualifications for credit rating recognized by Chinese government. After 20 years development, Dagong has established a complete system of credit rating theories, standards development and innovation mechanisms, credit information production and service system. Now it has a post-doctoral study station and a research institute. It also established the Dagong Credit Management School jointly with Tianjin University of Finance and Economics. Currently, it has 34 domestic branches and two abroad, with a total of circa 600 staff.
Mandarin Capital Partners is a leading Chinese-European private equity fund by institutional investors from Europe and China. It has offices in Milan, Beijing, Shanghai, and Frankfurt and focuses on cross-border transactions between Europe and China.