LOS ANGELES | May 11, 2021 – Global technology, media and communications investment bank Drake Star Partners announced today that Stefan Krause, co-founder of Canoo, former Global CFO of Deutsche Bank and Global CFO of BMW, has joined the firm Mobility and Fintech verticals as Senior Advisor.
Mr. Krause has over 25 years of experience in the automotive industry, in which he has held various management positions with a strong focus on Finance, Financial Services and Marketing and Sales. Starting in 1987 at BMW’s Controlling department in Munich, he then transferred to the U.S building and ultimately heading BMW’s Financial Services Division in the Americas. Mr. Krause then relocated to Munich in 2001 where he became Head of Sales Western Europe. He was appointed member of the Management Board of BMW Group in 2002, serving as Chief Financial Officer until September 2007 and subsequently Chief of Sales & Marketing. Stefan Krause left BMW in 2008 to accept the Global CFO Position at Deutsche Bank.
In 2017, Stefan Krause and Ulrich Kranz founded Evelozcity, a manufacturer of electric vehicles, now known as Canoo. Krause initially took on the role of chief executive officer at Canoo and subsequently moved into the role of Chairman. The company was listed last December on NASDAQ after its merger with Hennessy Capital Acquisition Corp IV.
Commenting on Stefan Krause’s appointment, Marc Deschamps, Executive Chairman of Drake Star Partners, said: “It is an honour to have Stefan Krause with us. His ample experience in the automotive industry is incomparable and his entrepreneurial spirit and his success record are admirable. Stefan is a great addition to our team of experts in Drake Star Partners, we are looking forward to working with him."
Stefan Krause added: “I feel very honored to join Drake Star Partners that has had a unique and incredibly successful story. I am also very much looking forward to working with this outstanding team of professionals to support Drake Stars client’s endeavors and their continuous success.”
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Drake Star is an award-winning global tech investment bank that has completed over 400 transactions since 2003. Drake Star team of over 100 senior professionals across offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Geneva, Dubai*, and Singapore* focuses on mergers & acquisitions and corporate finance services worldwide in Consumer & Retail Technology, Digital Media, FinTech, Mobility & Sustainability, Software/SaaS, Digital Services, and Industrial Tech sectors.
Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited (FRN 942020) is an appointed representative of Kession Capital Ltd (FRN582160) which is authorized and regulated by the Financial Conduct Authority. © 2016 Drake Star Partners Limited.
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