Greenhill appoints Europe and Asia-Pacific capital advisory heads

The investment bank is planning to make senior hires in the US over the coming months.

Greenhill has appointed three long-standing executives to lead its capital advisory business in Europe and Asia-Pacific.

London-based managing directors Bernhard Engelien and Briac Houtteville have become co-heads of the European unit while Hong Kong-based principal Lloyd Bradbury was promoted to Asia-Pacific head, according to a spokesman for the firm.

The promotions were effective in November.

Greenhill has 16 professionals within its capital advisory business and plans to make senior hires in the US over the coming months, the spokesman added.

The appointments come in the wake of seven managing directors departing the firm over the last six months, with five of them joining financial services firm Jefferies and two joining investment firm Portfolio Advisors, as Secondaries Investor reported.

Greenhill estimates around $60 billion traded on the secondaries market last year, a 32 percent drop on the record $88 billion recorded in 2019. GP-leds, which remained the same year-on-year by dollar value at $26 billion, rose to account for around 44 percent of total transaction volume – the highest percentage ever.

Transactions Greenhill has advised on in the last year include Australian sovereign wealth fund Future Fund‘s A$6 billion ($4.6 billion; €3.8 billion)-worth of sales. The bank advised on $17 billion in secondaries disposals in 2019, according to the Secondaries Investor Advisory Survey 2020.