Lovells has finally moved to rebuild its German securitisation practice with the hire of a three lawyer team from the Ernst & Young associate firm Luther.
Partner Sven Brandt starts at the firm in August and brings with him Isabelle Knoché-Hess, who joins as of counsel, and associate Richard Reimer.
Brandt said: “There is a large appetite among German and other banks for innovative securitisation products and that requires an in-depth knowledge of the securitisation market and emerging trends around the world.”
Brandt joined Luther from Norton Rose in 2004 and advises a number of banks including DZ bank, IKB Deutsche Industriebank, European Investment Bank and Landesbank Hessen-Thüringen Girozentrale.
The appointments fill a gap at Lovells German office which has existed since it lost head of securitisation Oliver Kessler and partner Jens Rinze to Sidley Austin in November 2005.
Lovells' managing partner David Harris, said: “We are committed to strengthening our banking and capital markets capabilities in Frankfurt and the recruitment of Sven, Isabelle and one other member of the team is very much part of that process."
Last month Lovells Berlin office lost a five-lawyer banking team after it decided to concentrate its banking practice in Frankfurt. Led by restructuring and leveraged finance specialist Thomas Lindemann and acquisition finance partner Andreas Schwennicke the team left to set up its own firm.