International investment bank Houlihan Lokey has hired two bankers from HSBC as it expands its European-focused illiquid financial assets (IFA) practice.
Zaman Khan and Christian Scharf both join from the UK bank and will work in the firm’s London office. Both will report to Jeff Hammer and Paul Sanabria, global co-heads of the IFA team. The IFA practice provides bespoke deleveraging solutions for owners of non-core illiquid assets.
Khan previously led HSBC’s special situations team, which focused on deleveraging and providing strategic financial advice for a number of financial institutions. Before his stint at HSBC, he served as the chief investment officer at Abaci Investment Management, a London-based private investment firm.
Scharf’s recent role at HSBC was leading the debt capital markets team, which focused on tapping into opportunities across Germany, Austria, Switzerland and the Netherlands.
Sanabria said: “Khan and Scharf bring meaningful financial institutional relationships, extensive structured transaction experience, and innovative solutions to our IFA practice.”
“The practice can provide a compelling additional tool for strengthening balance sheets, especially for financial institutions with limited access to the equity capital markets,” Khan said.
In addition to the appointments of Khan and Scharf, Thomas Chambers also joins from HSBC as an associate at the firm. His appointment raises the total number of staff working on the team in both the New York and London offices to 18.
Houlihan Lokey operates an international business with offices in the US, Europe and Asia. The bank specialises in assisting with mergers and acquisitions, valuations, financial restructurings and strategic consulting.