Ashurst beefs up German capital markets team with Freshfields hire

Ashurst has strengthened its German capital markets team with hire of a Freshfields Bruckhaus Deringer associate, its second German hire in as many months.

Tobias Krug joins as a partner and will start at Ashurst’s Frankfurt office in October. The structured finance expert specialises hybrid capital, equity-linked instruments and securitised derivatives, according to German magazine JUVE.

At Freshfields Krug was a principal associate and joined the magic circle firm from from Deutsche Bank in London in 2003.

Simon Beddow, Ashurst German managing partner said: “We’ve had a great year in Germany. We are looking to expand our corporate and international teams and Tobias fits in very well with that strategy.”

In Frankfurt, Krug will be working alongside debt capital markets partner Andreas Zahn and equity capital markets partners Nikolaus von Jacob and Reinhared Eyring.

In April, the Frankfurt operation added Lovells corporate partner Katrin Solmecke. However its still needs to rebuild the Munich office after it lost three lawyers to Latham & Watkins, including private equity heavyweight Jörg Kirchner.