Greenhill, whose profits were all but wiped out in the third quarter of 2015 as too few of its deals came to fruition, has named three longstanding bankers as co-heads of US mergers and acquisitions – a new role aimed at supporting the growth of its M&A business.

The advisory specialist has created the position of co-head of US mergers and acquisitions, it announced on January 11, and has appointed Christopher Grubb, based at its headquarters in New York, Doug Jackson in Chicago and Andrew Woeber in San Francisco to fill it.