Revolving Doors: A&O uses US leveraged finance, while Latham strengthens its offering in the Middle East
A number of Global 100 companies have made important new international hires for cross-recruitment in a busy week.
Allen & Overy has strengthened its US leveraged finance practice with two new partners in New York. Gordon Mak and Stanimir Kostov joined A&O as partners from White & Case, where they worked in the areas of debt finance, personal credit and direct credit. Mak was a partner at W&C while Kostov was a counsel. The announcement follows the recent hiring of Jake Mincemoyer, head of A & O’s US leveraged finance, in February.
Mincemoyer said, ‘These appointments are a continuation of our plan to expand our pool of seasoned and commercial leveraged finance lawyers to meet the growing demand for such services in the syndicated loan and personal loan markets. I look forward to expanding our leveraged finance practice as A&O continues to expand its US offering. ‘
Latham & Watkins, meanwhile, has hired a prominent Middle East employee, hiring former Vinson & Elkins Dubai executive director Ahmed el-Gaili. Based in Latham’s partnering law firm in Riyadh, the law firm of Salman M. Al-Sudairi, el-Gaili brings significant expertise to major M&A and energy projects in Saudi Arabia and across the region.
“The Saudi market is a significant source of foreign investment, particularly in dynamic, fast-growing areas such as energy, infrastructure, technology and financial services,” said Charles Ruck, global chairman of Latham’s corporate division. “Our cooperating law firm in Saudi Arabia has an impressive track record of advising high-profile domestic and cross-border transactions and the addition of Ahmed to the team is an important milestone.”
Cooley has added an important addition to his Brussels office: Elisabethann Wright from Hogan Lovells, where she co-led the regulatory practice for life sciences in the European Union. Wright has more than 35 years of experience in private practice and with international government organizations, helping clients get their pharmaceutical, medical devices and food products into the European Union market through strategic advice, legal counsel before institutions and authorities and litigation before EU courts and hold.
“Elisabethann is a rare talent among lawyers specializing in EU law and drug and medical device regulation,” said Kay Chandler, Chair of Cooley’s Life Sciences Industry Practice. “She brings market-leading legal knowledge, technical skill, and commercial acumen to our team that enhance our support for life sciences and innovative healthcare customers as they continue to develop and commercialize regulated products around the world.”
Jones Day has strengthened its Parisian offering with the arrival of Jean-Guillaume de Tocqueville from Gide Loyrette Nouel, where he was a partner and head of the financial services practice. He advises banks and financial institutions on regulatory and financial market regulations as well as litigation, including banking, securities services and investment management matters. He also advises clients on market abuse, financial crime and international sanctions. At Jones Day he will support French and international banks and other financial institutions with their structural, regulatory, operational and compliance issues.
‘I have known Jean-Guillaume for 25 years and have always been impressed by his professionalism, his network and his ability to advise board members, executives and top managers on the most complex issues. He has earned the best reputation as a skilled lawyer with a deep understanding of how financial institutions and regulators operate in France and Europe, ‘said Alban Caillemer du Ferrage, Jones Day’s financial markets chairman for the EMEA and APAC regions.
In London, CMS Structured Finance veteran Neil Hamilton moved to the US company FisherBroyles. With over 25 years of experience in securitisations and structured finance and recognized as a leading individual for structured products and securitisations in the Legal 500, Hamilton was previously a partner at Clifford Chance and partner at Paul Hastings and Jones Day for 12 years.
He works for arrangers, originators, collateral managers and servicers and has extensive experience in a variety of securitization asset classes including CLOs, auto loans, RMBS and trade receivables. He also advises on structured products such as repackaging and total return swaps.
DLA Piper has announced the appointment of Jonny Powling, Addleshaw Goddard’s fund partner, to its corporate practice in London. He has been a partner at Addleshaw since 2016 and has extensive experience advising all market participants on private fund matters and represents a wide range of clients, including managers and investors, in fund formation, fund structuring, primary and secondary fund investments, co-investments and secondary sales and purchases .
Also in London, Dechert added Jones Day partner Kay Morley to its global financial restructuring group. She advises hedge funds and other distressed investors on the acquisition of loan portfolios and the implementation of loan-to-own strategies. In addition, she regularly represents debtors in distress and private equity portfolio companies and advises insolvency administrators in domestic and offshore situations.
Morley will be the group’s second significant hiring in London this year, following the addition of partner Adam Plainer as global co-chair of the group’s financial restructuring in March.
Eventually, Transfer Pricing Specialist Stephanie Pantelidaki has returned to Baker McKenzie as Head of Transfer Pricing for Financial Services in the firm’s tax practice. She comes from PwC, where she was a partner in the UK and Switzerland offices. She was originally a director at Bakers until joining KPMG in 2009 before becoming a partner at PwC in 2013.