Financial advisory firm GLAS has expanded its team with the appointment of Xavier Poussardin as head of capital markets business development.
Poussardin was previously at Deutsche Bank, where he spent seven years in the firm’s global transaction banking team in the Dubai office. Before, he worked at the Bank of New York and Commerzbank in their London offices.
GLAS was established in 2011 and advises both lenders and borrowers in the private debt markets, as well as providing services for firms operating in the high yield market and managing M&A transactions.
In the summer, the firm brought in Paul Wilden to lead its newly opened Singapore office. Wilden was previously head of Standard Chartered Bank’s corporate agency and trust. The firm has also recently opened offices in Melbourne and New York.
Poussardin will responsible for spearheading the firm’s push into new territories and expanding its services beyond direct lending.
Poussardin said he joined the advisory firm as restrictions on the lending activities of leading financial institutions have increased. He said: “Banks have become restricted and confined in the business they can now offer due to increased scrutiny from the regulator, and this has meant independent and flexible services are now fundamental to the market.”
Mia Drennan, chief executive of GLAS, said: “Poussardin’s mix of entrepreneurial spirit and corporate experience is exactly what GLAS needs to take it to the next level.”