DC Advisory promotes 16 senior bankers to power continued international growth across core sectors & products
May 7 2026, London, New York, Tokyo: DC Advisory, an international investment bank committed to making a difference, today announces 16 senior promotions globally, as the firm continues to invest in the next generation of leadership to support clients through a rapidly changing deal environment.
The promotions reflect DC Advisory’s focus on high growth sectors and products aligned with clients’ evolving priorities, including the increasing role of technology and AI, while continuing to build a culture designed to make DC Advisory a Better Place to Work worldwide.
The promotions, effective April 1, 2026, include:
DC Advisory's new Managing Directors:
- Raphaël Calcagno, Global Infrastructure, UK
- Matthias Fritzsche, Industrials, Germany
- Justin Pursell, Tech & Software, UK
- Jason Reyes, Education, US
- William Shaw, Global Infrastructure, UK
- Pietro Ziliotti, Debt Advisory & Restructuring, UK
DC Advisory's new Directors:
- Jugal Asher, India
- David Denzer, Global Infrastructure, US
- Lukas Gorny, Germany
- Emily Mayer, Education, US
- Mike McMahon, Tech & Software, US
- Michael Moriarty, Ireland
- Michael Murray, Ireland
- Michael Penny, Industrials, UK
- Eric Stewart-Moore, Debt Advisory & Restructuring, UK
- Ben Wood, UK
“In markets as volatile as ours have been, advice that truly makes a difference, and is entrepreneurial and innovative, is more important than ever. We continue to invest heavily in the talent and expertise within DC Advisory to deliver the sounding board that our clients need now – and in the future. With a fresh dynamic next generation, adding to the foundations of deep and long-standing local market knowledge, we know that we can deliver for our clients; focused on the provision of the right advice, always.”
Alongside internal promotions, the international firm has made 21 senior hires in 24 months, to grow its team of over 150 senior bankers, as DC Advisory along with shareholder *Daiwa Securities Group Inc., continues to invest in the acquisition of top talent to deliver the premier, mid-market investment bank.
DC Advisory is an international investment bank committed to making a difference. As part of an established global business, we offer access to over 730 professionals in 24 locations throughout Asia, Europe, and the US. Across 11 industry and product-focused teams, we offer tailored, independent advice on M&A, debt raisings and restructurings, private capital markets, secondary advisory, and access to unrivaled Asia investment knowledge. For more information, visit https://www.dcadvisory.com/about-us/
*As part of Daiwa Securities Group Inc., DC Advisory benefits from a long-standing, committed investor to build a business dedicated to the needs of our global clients. Find out more >
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