SJ Berwin boosts London finance team with hire of A&O partner
SJ Berwin is expanding its London finance team with the hire of Allen & Overy (A&O) leveraged finance partner Ian Borman, who is set to join the top 20 City firm in September. His appointment takes the leveraged finance team to four partners and the wider finance group to 11 partners. Borman, a partner in A&O's leveraged team for five years, has worked on deals including last year's bank financing of Gas Natural's E19bn (£16.4bn) takeover bid for Union Fenosa.
July 23, 2009 at 04:45 AM
2 minute read
SJ Berwin is expanding its London finance team with the hire of Allen & Overy (A&O) leveraged finance partner Ian Borman, who is set to join the top 20 City firm in September.
His appointment takes the leveraged finance team to four partners and the wider finance group to 11 partners.
Borman, a partner in A&O's leveraged team for five years, has worked on deals including last year's bank financing of Gas Natural's E19bn (£16.4bn) takeover bid for Union Fenosa.
SJ Berwin London finance chief Jeremy Cross told Legal Week: "We are looking to expand and build the practice and we see the recession as giving us some good opportunities to do this. Ian works well with our practice – he will bring clients we do not have and enhance the clients we do have.
"The firm is in the right shape moving forward. We have strong private equity, litigation, real estate and competition practices and an increasingly strong finance practice."
Borman's appointment comes after it emerged that SJ Berwin's structured finance head Brian Carne is expected to depart in October, leaving the group with six associates and no partners. Carne's next move is unclear.
Borman is the third A&O finance partner to resurface at another firm, following Berwin Leighton Paisner's hire of Andrew Bamber last month and Baker & McKenzie's appointment of project specialist Calvin Walker.
A&O's leveraged finance practice is understood to have been particulaly affected by the magic circle firm's recent partner restructuring.
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