London-based boutique Gleacher Shacklock's special situations group, which advised on the restructuring of Four Seasons Healthcare, has made a hire despite a drop in restructuring activity in Europe.

The London-based boutique has hired Justin Holland as a director in its special situations group from Jefferies & Company, where he was also a director in the restructuring practice, said two sources. He started his new role at the firm in July, said a source close to the matter.