HSBC Holdings Plc announced today that it has appointed Alexander Glawe as Managing Director, Head of Northern Europe Financial Sponsors and Jürgen Stein as Head of Leveraged & Acquisition Financing, Germany. Glawe will join the bank in December this year, whereas Stein will assume his new role immediately.
The two new hires build on the bank’s investment into its European platform. This includes the appointment of two other executives earlier this year, Nicolo Salsano as Head of Corporate and Institutional Banking in Germany and Hubert Preschez as Co-Head of Global Banking in France.
Glawe will be joining the company of Credit Suisse Group AG, where he is a Managing Director. In his new position, Glawe will be based in Frankfurt and will be responsible for advising private equity clients in Germany, Austria, and the Nordics. He will also be responsible for the coverage of selected sponsors on a pan-European basis.
According to the statement, Glawe brings more than 15 years of investment banking experience, along with deep financial sponsor relationships and extensive expertise in advising and financing clients.
Based in Frankfurt, Glawe will report to the global head of financial sponsors group Borja Azpilicueta and head of corporate and institutional banking Nicolo Salsano. Salsano is also a recent hire of HSBC and was appointed on July 3, 2018.
Commenting on the appointment of Glawe, Borja Azpilicueta, Global Head of Financial Sponsors Group, said: “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.”
Based in Düsseldorf, Stein joins HSBC from UBS. Most recently, he was the Co-Head of EMEA Leveraged Finance Origination. Stein also joins the bank with extensive experience. He has over 20 years of leveraged finance experience, with a particular focus on sponsor and event-driven corporate transactions across Europe.
Stein’s new role is effective immediately. He will report to Paul Cahalan, Head of Leveraged & Acquisition Finance, EMEA, and Rachel Watson, Head of Financing & Advisory Products, Germany.
Paul Cahalan, Head of Leveraged & Acquisition Finance, EMEA, added: “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.”
(Photo: Wikimedia Commons)