William Blair & Co., a Chicago-based investment bank owned by its employees, said it hired Philipp Mohr, the global head of mergers and acquisitions at Commerzbank AG, to open an office in Germany.
Mohr, who will start in January from Frankfurt, will be a managing director and global head of industrials at the U.S. firm, said William Blair spokesman Tony Zimmer. Ute Gerbaulet, global head of equity capital markets at Commerzbank, is also leaving the German lender, said Margarita Thiel, a spokeswoman for the bank, who also confirmed Mohr’s departure.
Mohr’s responsibilities will be assumed by Stefan Jaecker, Commerzbank’s German head of M&A, and Rosalind Hedley-Miller, his U.K. counterpart, while Roman Schmidt, head of global corporate finance at Commerzbank, will temporarily run ECM, Thiel said.
Mohr has been global head of M&A at Commerzbank, which is based in Frankfurt, since 2009. He has previously worked at Dresdner Kleinwort as well as JPMorgan Chase & Co. in London. Gerbaulet joined Commerzbank from WestLB AG in 2007.
Commerzbank and William Blair have worked alongside each other on transactions including managing Capvis Equity Partners AG’s sale of Bartec Holding GmbH, a German maker of explosion-resistant switching and signaling gear, agreed in July.
William Blair, which also provides asset management services, was founded in 1935 and has more than 1,100 employees and 10 offices in four continents, according to its website.