Phillips & Cohen expands into German market

The firm, which already operates in the US, Canada, UK, Ireland, Spain, Portugal, Australia and New Zealand has agreed a long-term lease in Düsseldorf.

In announcing the move, Phillips & Cohen said it was “confident in the value” its services can add for German creditors.

Phillips & Cohen co-chairman and chief executive Adam Cohen said: “We are delighted to have secured our German office. Moving into Germany is one of several upcoming steps in our successful international expansion, which has spanned over a decade. We expect our compassionate engagement model to be well received by the German market and our due diligence in country made it clear that Düsseldorf represents the ideal location for our growth ambitions.”

Chief operating officer Nick Cherry said: “Düsseldorf CBD provides an outstanding base for our business and we are confident that the combination of excellent facilities and strong transport links will help us attract talent from the region to fuel our growth.

"Our long-term lease is also a mark of our commitment to the German market, and we look forward to building a business of scale there.”