Sotheby's announced the appointment of Dorella R. Madeira as Managing Director of Sotheby's Financial Services reporting to Chief Financial Officer, Mike Goss.  Based in New York, Madeira will lead Sotheby's global art financing arm. She succeeds Jan Prasens who was recently appointed Managing Director of Sotheby's Europe, including the Company's operations in the Middle East, Russia, India and Africa.

Madeira joins Sotheby's with 17 years of banking experience, most recently as a member of the Global Commercial Banking Division of Bank of America Merrill Lynch, where she managed the bank's relationship with Sotheby's including its participation in the asset-based lending facility that supports Sotheby's Financial Services.

"Dorella is an experienced banker with a sharp credit mind and exemplary client skills who will continue to draw on the extensive resources and market position of Sotheby's to carry our financing business forward," commented Mike Goss, Sotheby's Chief Financial Officer, adding, "Our clients and shareholders will be in very good hands."

Prior to her position at Bank of America Merrill Lynch, Madeira was a Director of the Financial Sponsors Group at Credit Suisse advising private equity clients and executing leveraged finance transactions. She was also a member of the Leveraged Finance team at Bank of America before joining Credit Suisse and started her career in Mergers & Acquisitions at Veronis Suhler Stevenson.