Terje A. Pettersen and John Stene join Pangea
Terje A. Pettersen and John Stene join Pangea
Pangea Property Partners expands its business and establishes Pangea Debt Advisory. The profiles Terje A. Pettersen and John Stene have been recruited from SEB and Swedbank Capital Markets.
Terje A. Pettersen comes from the position as Head of Corporate Loan Origination & Co-Head of Debt Capital Markets at SEB, where he has been for the past 10 years. He becomes Managing Director & Partner at Pangea Debt Advisory. Pettersen has broad management experience and has, among other things, been part of the management team for SEB Norway and for the Investment Banking unit. He has previously been Head of Debt Capital & Partner at ABG Sundal Collier for four years and worked 12 years at DNB, holding several positions including Head of Commercial Real Estate.
John Stene comes from the position as Vice President, Corporate & Institutional Advisory at Swedbank, where he has worked for more than 11 years. He becomes Director & Partner at Pangea Debt Advisory. For the past 10 years he has worked in Investment Banking and Debt Capital Markets. He has also worked a year at Swedbank's headquarter in Stockholm, where he contributed to rebuild Swedbank's DCM High Yield origination team, with a special focus on real estate transactions.
This expansion is part of a strategy to become an even more complete provider of transaction and financing advice in the Nordic region. "It is natural for us to start with a team in Norway that will probably be expanded with a similar team in Stockholm in the long run", says Bård Bjølgerud, CEO and Partner at Pangea Property Partners.
Both Pettersen and Stene have strong track records and a competence and profile that makes them a very good fit for Pangea. In addition, both have extensive experience from Swedish banks and the Swedish market, which makes them particularly interesting for Pangea's Nordic strategy, he adds.