News in brief

Addleshaw Goddard has expanded its City-based Private Equity team with the appointment of Dee Sian as a Partner. She will be joining from Speechly Bircham. The appointment of Dee Sian brings the total compliment of private equity partners in Addleshaw Goddard to twelve. Addleshaw Goddard’s mid-market private equity group advised on around 100 private equity -related transactions in 2006 with a combined deal value of £2.5bn. The firm advises a number of private equity houses, including 3i, Barclays Private Equity, Close Brothers Private Equity, ECI, Graphite Capital Management and LDC.

Barclays Capital has combined its two loan trading businesses into a single team under Jim Moylan. The team will comprise 12 members. The move brings together the bank’s trading business that was part of its global loans business and responsible for trading senior and second-lien loans with its high-yield trading team that traded some second-lien, mezzanine, PIK debt and distressed names. Moylan, who was formerly head of the high-yield trading business, will report to Tim Ritchie, head of global loans, and John Kreitler, head of credit trading.

ING has hired Heinz Staake as a director in its Frankfurt office within the leveraged finance and sponsor coverage group. He will take up his new role in July. He joins from Bank of Scotland’s Frankfurt office, where he was associate director in the structured finance division. Staake will report to Thomas Lagemann, managing director and head of sponsor coverage for Germany, Switzerland and Austria. The hire follows on from Lagemann’s move in March to establish a permanent leveraged finance presence in the Frankfurt office.

Latham & Watkins has strengthened its Munich office with the appointment of Volkmar Bruckner as a partner in the corporate department. Bruckner was previously at Dechert, where he has been a partner since January 2006. Jörg Kirchner, managing partner of Latham & Watkins in Munich, said that Bruckner will join the firm at the beginning of June. Bruckner’s focus is on private equity and M&A. Recent private equity clients for Latham & Watkins include Bain Capital, Apollo Management, The Carlyle Group and BC Partners.

• The former CEO of Stora Enso Jukka Härmälä, is to join CapMan’s Advisor Network as a Senior Advisor from June 2007. Härmälä retired from his position as CEO of Stora Enso at the end of March 2007, having held the post since 1998. He began his career in the forest industry at Enso-Gutzeit. From 1984 to 1988 Härmälä was a member of the board of management of Kansallis-Osake-Pankki, a predecessor of Nordea Bank, and he was also the first Chairman of the Board of the newly established CapMan in the late 1980s. Mr Härmälä returned to Enso in 1988, as President and CEO, and he played a major role in the 1998 merger of Finnish Enso and Swedish Stora into Stora Enso Oyj.