Luminor plans to launch a Debt Capital Markets offering for large companies, a move that will help businesses to broaden their funding alternatives. The service will be led by Luminor’s new Head of Markets Paulius Žurauskas.

“We believe that conditions are right for us to start building up our Baltic Debt Capital Markets service. We see increasing demand from institutional investors for high quality fixed income assets, while at the same time large companies are striving to diversify their funding sources”, said Andrius Načajus, Head of Luminor Corporate Banking.

“We have invited Paulius to lead our markets practice and at the same time build up our Debt Capital Markets offering. Paulius has been involved in most of the recent bond issues by large companies in the Baltics, including Latvenergo, Lietuvos Energija (now Ignitis), Maxima Grupė bei Air Baltic”, he added.

Paulius Žurauskas will replace Julius Lazauskas, who has been with Luminor and DNB for 13 years.

“I feel very excited to be joining the ambitious markets team at Luminor and I really look forward to contributing to the success story of the independent and dynamic bank in the Baltics”, Paulius Žurauskas said.

Over the past 14 years Paulius has held various managerial roles within SEB, including the market’s organisation.