HSBC strengthens financial sponsors and leveraged & acquisition finance coverage in Europe
HSBC has strengthened its financial sponsors coverage with the appointment of Alexander Glawe as Managing Director, Head of Northern Europe Financial Sponsors. Glawe will join in December 2018 with responsibility for advising private equity clients in Germany, Austria and the Nordics.
Glawe will also be responsible for the coverage of selected sponsors on a pan-European basis. He joins from Credit Suisse where he was most recently Managing Director, Head of Financial Sponsors Germany and Austria. He brings more than 15 years of investment banking experience, along with deep financial sponsor relationships and extensive expertise in advising and financing clients.
Glawe started his career at Sal Oppenheim as an M&A practitioner before joining Credit Suisse in 2005 in its Frankfurt office. At Credit Suisse, Alexander worked in the German Investment Banking team, as well as the Corporate Finance Team in Singapore and Mergers & Acquisitions team in London.
Throughout his career, Glawe has advised and financed private equity clients on a number of landmark transactions across numerous industries. These include advising Advent on the take private of Douglas and subsequent disposal to CVC, Permira on the acquisition of P&I and KKR on the acquisition of WMF, as well as financing the acquisitions of Techem by Partners Group/CDPQ/OTTP.
Glawe will be based in Frankfurt, reporting to Borja Azpilicueta, Global Head of Financial Sponsors Group, and to Nicolo Salsano, Head of Corporate and Institutional Banking, who joins HSBC Germany in October 2018.
Additionally, HSBC has appointed Jürgen Stein as Head of Leveraged & Acquisition Financing, Germany, with immediate effect.
Stein joins HSBC from UBS where he was most recently Co-Head of EMEA Leveraged Finance Origination. Jürgen has over 20 years of leveraged finance experience with a focus on sponsor and event driven corporate transactions across Europe. Jürgen brings with him deep relationships with sponsor and corporate clients and will be a senior member of the European Leveraged & Acquisition Finance team. Before joining UBS Jürgen worked for Goldman Sachs in New York and London in leveraged finance and started his career at Deutsche Bank in London.
Stein will be based in Düsseldorf reporting to Paul Cahalan, Head of Leveraged & Acquisition Finance, EMEA, and Rachel Watson, Head of Financing & Advisory Products, Germany.
Borja Azpilicueta, Global Head of Financial Sponsors Group, commented: “I am delighted that Alexander Glawe is joining us as we continue to strengthen our coverage of financial sponsors globally. Alexander is a highly experienced professional who will help us to drive our financial sponsors business in Europe.”
Paul Cahalan, Head of Leveraged & Acquisition Finance, EMEA, adds: “Jürgen Stein is a great addition to our Leveraged & Acquisition Finance team in Europe. Jürgen’s deep expertise and connectivity will be of great value to our clients and to our business.”