Allen & Overy announced Thursday the addition of a three-member securities team to its Australia practice from the soon-to-be-shuttered Sydney office of Skadden, Arps, Slate, Meagher & Flom.

The group, which is led by partner Mark Leemen and includes counsel Cécile Baume and associate Matthew Lim, are leaving Skadden after the high-powered Wall Street firm decided to close its five-lawyer outpost, which opened in 1989, and pull out of Australia. Skadden’s other Sydney-based partner, Adrian Deitz, also a securities expert, is now working out of the firm’s offices in Hong Kong and Singapore.

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