LONDON Jan 16 Top Morgan Stanley investment
banker Simon Robey is teaming up with senior London City figure
Sir Simon Robertson to form a joint advisory boutique, the
latest in a line of veteran dealmakers to quit a large
investment bank for pastures new.
Robey, whose 25-year career at Morgan Stanley saw him
latterly as head of the UK and co-chairman of Global Mergers and
Acquisitions, will join Roberston's firm which will be renamed
Robertson Robey Associates, it said in a statement on Wednesday.
Robertson, himself a former banker at Goldman Sachs,
set up his own advisory firm in 2005 to offer companies
financial advice on transactions and strategy.
He also holds a number of senior positions in some of
Britain's largest companies, including chairman at Rolls-Royce
Group L> and deputy chairman and senior independent
non-executive director at HSBC.
A number of top dealmakers are leaving investment banks to
pursue their future at smaller independent firms as deal
activity in recent years has stagnated.
Yoel Zaoui, co-head of global M&A at Goldman Sachs and a
24-year veteran at the bank left his job in April 2012 to set up
Zaoui Capital with his brother Michael, a long-serving Morgan
Robey's departure from the Wall Street bank was announced in
an internal memo in September, though it was not known where he
would be going to. [ID:nL5E8KSE0R}
Some of Robey's past clients include Rio Tinto,
Cadbury in its defence against the hostile takeover from Kraft
and most recently he worked on the failed merger talks
beween BAE Systems and EADS.