Ashurst banking partner Juan Hormaechea has left the firm to join Allen & Overy´s Madrid office.
Hormaechea – who spent 10 years at Ashurst – specialises in structured and leveraged finance, acquisitions, corporate refinancing, financial derivatives, and equity and corporate debt. He also has expertise in capital markets transactions.
Hormaechea has also held in-house counsel roles at JP Morgan Chase, Santander Investment and Natwest Markets.
At Allen & Overy his focus will be on structured finance, capital markets and derivatives.
Allen & Overy’s co-managing partner Ignacio Ruiz-Cámara said that, due to regulatory changes and the increasingly sophisticated profile of investors in Spain, there was a growing demand for legal advice relating to distressed transactions, financial instruments, securities markets and opportunistic funds.
Ruiz-Cámara said: “Juan’s appointment is in line with our current growth strategy in Spain and is aimed at ensuring that the banking and finance team continues to be one of the firm’s benchmark practice areas, both in Spain and on a global level.”
Hormaechea commented: “Allen & Overy’s sophisticated approach in Spain and the potential to contribute to its growth was a major factor that influenced my decision to take this next step in my career following a successful ten years at leading law firm Ashurst. It is an exciting time, not only in view of the excellent team in place but also the particularly interesting state of the market at present.”