Mayfair-based advisory boutique Pall Mall Capital has hired two senior managing directors to help build a presence in Germany and France, bringing the tally of new recruits at the cross-border mergers and acquisitions specialist to nine in the past 12 months.

Pall Mall was founded in 2001 by John Cutts, former head of European M&A for West LB and Samuel Montagu, and has grown rapidly since the beginning of 2008. Headcount across the business has increased by more than a third over the period and now stands at 50, with 15 in London.