A&B Financial Dynamics was previously held as a 50/50 joint venture with German A&B Communications Group. As part of the transaction, former A&B Partner Michael Reinert will join FD in Germany as a senior MD with immediate effect.
Charles Watson, FD group CEO said: ‘This will enable us to integrate the business much more effecively into our global offering and develop into new areas of the German market.'
The German venture, established in 2001, recently advised clients such as BASF, Bosch, Schaeffler Group and Volkswagen on major capital markets projects and has also worked on several high profile restructuring cases.
Watson predicted great opportunity for growth in helping the restructuring process of German corproates. He said: ‘We will build our presence in the German market around areas like the restructuring of industrial companies and working with the management teams as they go through this difficult process.'
Reinert joined A&B Communications Group as a partner in 1997. Before he joined A&B he was the German Managing Director of ABC Eurocom (now Euro RSCG ABC).