New York firm Cleary Gottlieb Steen & Hamilton is relocating four partners to Asia, which will more than double its partner presence in the region.
Corporate finance partners Tsunemasa Terai and Steven Wilner leave New York to become the firm’s first two partners in Tokyo, joining four associates at that office.
London-based capital markets and M&A partner Sebastian Sperber is also moving with New York finance partner Neil Whoriskey to join three existing partners in the Hong Kong office.
Managing partner of the firm Peter Karasz says the move is a result of a boom in business in the region, for which the firm is having to beef up its staff resources.
The two Tokyo partners give the office an even stronger finance focus.
Terai has already worked in the Tokyo office many times, and his practice covers corporate finance matters ranging from international joint ventures and corporate and asset acquisitions to lease financings and other asset-backed financings.
Wilner’s practice is focused more on real estate and includes commercial mortgage lending, commercial mortgage securitisation and real estate acquisitions and dispositions.
The two new Hong Kong partners will add further weight to the office, which already represents both Asian and non-Asian clients in international securities offerings and financial transactions, joint ventures, privatisations, M&A and commercial work.