Bankers Trust, Deutsche veteran Hoagland adds potential institutional twist. Leigh Hoagland, former head of Deutsche Bank's U.S. private-bank lending business, has joined Boxwood Strategic Advisors, New York-based consultancy that helps high-wealth families align their assets and liabilities to help them make better use of their wealth, as its third partner.

"The addition of Leigh will allow Boxwood's capital-structure advisory business not only to serve individual and family clients better, but to extend our expertise to private banks and other financial institutions that work with families -- or would like to do so," says Boxwood managing partner Alec Haverstick."Arthur Bingham and I are proud to have him as our partner."

Ultra

Bingham, formerly a managing director with the boutique investment bank Kaufman Bros., and Haverstick, an attorney with senior-executive experience at Morgan Stanley, Lehman Brothers and Deutsche Bank, founded Boxwood as an investment advisory in 2007. Within a year though, they'd switched focus to providing balance-sheet and cash-flow advisory services.

Hoagland came to Frankfurt-based Deutsche Bank through its 1999 acquisition of New York-based Bankers Trust, where he started his banking career in the mid 1970s. Among other things, he was in charge of Bankers Trust wholesale- and merchant-banking business in Africa and the Middle East, and then led institutional leveraged-transaction teams in the bank's European affiliate in London.

Haverstick and Hoagland worked together at Deutsche Bank a earlier this decade when Haverstick was head of business development for the German bank's U.S. private-banking business.

"We built a lending [program] for ultra-wealthy individuals -- $500 million and above -- who needed liquidity to extend their economic power," says Haverstick -- adding that Deutsche Bank pulled the plug on the program after three years despite "a 70% hit rate on the families we called on." -FWR

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