Investment bank PJT Partners has hired the former US head of restructuring at hedge fund Anchorage Capital Group as a partner, said people familiar with the matter.

Charles Tauber, 50 years old, had a major role in the New York hedge fund’s investments in distressed companies including the Hollywood movie studio MGM Holdings, PG&E and J.Crew. He is slated to start at PJT in September in its restructuring and special-situations group, one of the people said. Tauber left Anchorage in 2020 after more than a decade there.