London’s financial district at night

For the second time in two weeks, Milbank, Tweed, Hadley & McCloy has landed a lateral partner hire of note in London.

The firm confirmed Monday its addition of high-yield expert Apostolos Gkoutzinis from Shearman & Sterling, only a few days after Milbank brought on a four-partner restructuring team from Cadwalader, Wickersham & Taft.

Gkoutzinis, who leads Shearman & Sterling’s European and Middle East capital markets practice, has been a partner at the firm since 2011, when he was made up in an out-of-season promotion following the departure of high-yield partner Ward McKimm to Kirkland & Ellis.

His practice focuses on U.S. federal securities laws, high-yield debt offerings and debt and equity capital markets transactions. In 2013, Gkoutzinis acted on one of the largest transactions in Greek financial history, a multibillion-dollar recapitalization of Piraeus Bank.

According to his biography page on Shearman & Sterling’s website, since 2005 Gkoutzinis has acted on “substantially all” of Greece’s international initial public offerings and high-yield bond offerings. He is also a visiting professor of international capital markets regulation at the International Hellenic University and a visiting lecturer at the Centre for Commercial Law Studies at Queen Mary University of London.

“Combining Apostolos’ market-leading capital markets practice, especially in high-yield offerings, with our existing leveraged finance practice will establish a best-in-class offering for our clients across loans and bonds,” said a statement from Suhrud Mehta, a comanaging partner of Milbank’s London office. “Apostolos will also work alongside our financial restructuring, project finance, corporate and structured finance teams to continue the further development of his capital markets practice and his market-leading Greek practice.”

Milbank’s hire of Gkoutzinis and the Cadwalader group led by restructuring star Yushan Ng, who had been at his now former Am Law 100 firm since coming aboard from Linklaters in 2012, mark the former’s first lateral partner additions in London since 2015. At that time, Milbank hired Clifford Chance banking partner Nick Swinburne for its local transportation practice.

Shearman & Sterling, which earlier this month hired Morrison & Foerster’s investment management head Jay Baris in New York, confirmed Gkoutzinis’ impending departure.

“We can confirm that Apostolos Gkoutzinis will be leaving the firm,” the firm said in a statement. “ We wish him all the best for the future.”