The firm, which was established eight years ago by ex-Lehman Brothers executives Michael Tory and Benoit D’Angelin and former HSBC banker Michael Baldock, has recruited Daniel Braun and Elizabeth Tietz as senior bankers in its London team. Both started at Ondra on September 5.
Braun has spent his career to date with JP Morgan, since joining in 2001 as an analyst covering German M&A in Frankfurt, before moving to London in 2005 to become an associate in the diversified industrials team, where he worked on deals including DaimlerChrysler’s 2007 disposal of Chrysler to Cerberus Capital Management.
At the time he left the bank he was a managing director in the diversified industrials team and sector head for automotive and metals in Europe, the Middle East and Africa. JP Morgan declined to comment on Braun’s departure.
Tory told FN that Braun would bring particular expertise in German dealmaking to Ondra. In 2015, the firm appointed Jim Hagemann Snabe, a former co-chief executive of SAP, to help develop its business in Germany as a senior adviser.
Fellow new joiner Tietz has spent the past 12 years with UBS, initially in New York and, since 2006, in London.
Having specialised in property, lodging and leisure deals, she joined the Emea M&A team in 2012, and was an executive director when she left the Swiss bank. Her recent deals included the Ladbrokes/Coral merger and Thames Water Utilities’ Thames Tideway Tunnel project. UBS declined to comment on her departure.