Alfonso specialises in domestic and cross-border transactions in the securities market. He advises corporates and investment institutions in the context of corporate matters, capital markets transactions, primary and secondary offerings of securities, debt restructurings and public takeover bids. His advice includes the IPOs of Azora Altus, Metrovacesa, Unicaja Banco, Parques Reunidos, Euskaltel, Merlin Properties and Hispania. His client base includes corporates such as Naturgy, Repsol, Grupo Azora, Amadeus and Inmobiliaria Colonial, and investment banks and financial institutions such as Morgan Stanley and Deutsche Bank. Alfonso was seconded to the legal department of Morgan Stanley's international Investment Banking Division.