Cadwalader, Wickersham & Taft announced that Gregory M. Petrick, head of the firm’s European and Asian restructuring practice and currently managing partner of the London office, and Mark C. Ellenberg, a partner in the restructuring practice, have been named co-chairs of Cadwalader’s financial restructuring department.

The firm also announced that Holly Neavill and Louisa Watt have joined the financial restructuring team as partners in the London office.

Neavill joins Cadwalader from Latham & Watkins, where she was a partner in the London office. Neavill began her legal career in the United States and moved to London in 2003. She has significant experience with the legal systems and workout procedures across Europe and in the U.S., and has become well-known in the London market for her dedication, technical expertise and commercial approach.

Watt joins the firm as a debt and claims trading partner in the restructuring practice. She was previously at Richards Kibbe & Orbe, where she was a partner in the London office. She is a leading practitioner in the transfer of distressed debt and claims in the secondary market within Europe, Asia and the U.S., and an active participant in the Loan Market Association.