Banking giant ING Barings is on the verge of instructing Allen & Overy's Frankfurt office for the first time ever after meeting a representative of the firm at Legal Monte Carlo '99.
Sarah Whitehead, director and assistant general counsel at ING Barings says: “We are seeking advice on listing debts in Frankfurt from Allen & Overy.”
A&O's London office has had a relationship with ING Barings for a number of years and learnt of the bank's intention to instruct its German branch at The Lawyer's Legal Monte Carlo '99 Conference last week.
Stephen Denyer, European regional managing partner at A&O, who attended the conference says: “We have done significant work in various forms elsewhere in the firm. But I think this is the first time it has used the Frankfurt office.”
A&O mainly instructs the bank on derivatives and structured funds work.
Meanwhile, Baker & McKenzie has won work from global money and bond broker Garban Intercapital following a successful meeting at Legal Monte Carlo '99.
Garban is involved in a joint venture between Garban Intercapital and US-based electronic news and information group Bloomberg to set up a bond-broking system to trade in US and European government bonds.
London-based head of IT at Baker & McKenzie Harry Small and commercial practice head Michael Herington attended the conference.
Gillian Switalski, group legal director of Garban, confirmed the appointment of Baker & McKenzie.
Switalski was responsible for the spin-off of United News & Media's combined financial services interests to create Garban last year. Garban re-focused on media and is known to be looking for new media acquisitions, including that of CMP Media, including its internet portal. After floating on the stock exchange Garban merged this September with Intercapital.