Ashurst has hired former Linklaters debt capital markets partner Nigel Pridmore as a partner in the firm’s finance practice in Hong Kong.

Pridmore advises banks and corporations on debt issuance transactions and other debt capital markets work including equity-linked debt, dim sum bond issuances, hybrid bonds, sovereign debt and pre-IPO financings. 

“As global banks shrink their balance sheets to meet new capital adequacy requirements, DCM plays a significantly greater role as a funding source,” said Anna Delgado, head of Ashurst’s global debt capital markets practice, in a statement.

According to media reports, Pridmore had been with Linklaters since 1998 before leaving the firm in January this year.

Pridmore relocated to Linklaters’ Hong Kong office in 2006, before returning to London in 2010.

Pridmore’s appointment closely follows Ashurst’s hire of banking and finance partner Kate Allchurch from White & Case in Singapore office in May.