InvestingFenchurch hires Barclays veteran Chawla to co-head US operations
ShareResizeFenchurch Partners has bolstered its operations in New YorkPhoto: Roy Rochlin/Getty ImagesBarclays’ global co-head of financial institutions has been hired by specialist boutique Fenchurch Partners to lead its business in the US.Gautam Chawla is joining Fenchurch as a senior managing director and co-head of its US office, the bank said in a statement.
InvestingWhy Evercore’s £146m Robey Warshaw deal could end up being a bargain
ShareResizeSir Simon Robey (pictured) and his partner Simon Warshaw have received a bumper price for their businessPhoto: Courtesy Young Classical Artists TrustSir Simon Robey certainly knows how to do a deal. Some seasoned City watchers have been astonished by the price that he and partner Simon Warshaw have extracted from Evercore to buy their firm Robey Warshaw.The pair have been looking to sell the business for a while and some observers had assumed that in the end they would accept a modest sum in return for giving their baby a safe home. A payout of $196m is hardly a modest sum for a firm with just five partners and 18 employees.
InvestingHoulihan Lokey hires UBS banker Galfetti to boost secondaries coverage
ShareResizeHoulihan Lokey has bolstered its European teamPhoto: Piotr Swat/Getty ImagesHoulihan Lokey has tapped a senior UBS investment banker as the mid-market firm makes a push into so-called secondary investments.The bank has hired Sandro Galfetti as a managing director within its capital solutions group in Europe as the firm continues to build out its coverage of private equity firms.
InvestingCitigroup hires JPMorgan dealmaker Nayyar to co-head European technology
ShareResizeCitigroup has taken on JPMorgan dealmaker Amit Nayyar as co-head of UK, Europe and the Middle East and Africa investment banking coveragePhoto: Mike Kemp/Getty ImagesCitigroup has hired a senior JPMorgan dealmaker to lead its coverage of the technology sector in Europe as it continues its recruitment spree.Amit Nayyar has joined as co-head of UK, Europe and the Middle East and Africa investment banking coverage, according to a memo seen byFinancial News.
InvestingUBS hires Gatzinska as Emea vice chair in cross-divisional push
ShareResizeUBS has hired a new vice chair of Emea in a bid to increase collaboration across divisionsPhoto: Mike Kemp/Getty ImagesUBS has hired a senior executive to develop closer ties with clients in Europe as it looks to sell its products across divisions.The Swiss bank has named Magdalena Gatzinska as vice chair for Europe, the Middle East and Africa, according to a memo announcing the appointment seen byFinancial News.
InvestingBig bank, small deal: Top investment banks look to the mid-market for growth in Europe
ShareResizeIllustration: Peter GrundyGoldman Sachs’s new European investment banking leaders have a clear target as they look to take the number one spot in the region — mid-market deals. The Wall Street bank is not alone.For several years, mid-market M&A has been a key focus of ‘bulge bracket’ banks aiming to gain market share in the US. However, moves to capture a bigger slice of smaller transactions largely served by specialist dealmakers has been slower to emerge in Europe.
InvestingWall Street bosses preach caution after surprise dealmaking rebound
ShareResizeJamie Dimon, chief executive officer of JPMorgan said ‘pipelines can grow and shrink’ rapidlyPhoto: Al Drago/Getty ImagesWall Street banking bosses have preached caution about a recovery in dealmaking even as investment banking fees bounced back in the second quarter. In what was expected to be a muted quarter for investment banking as US president Donald Trump’s tariff war prompted companies to ice deals, some top banks surprised with rises in revenue.
InvestingTax bank profits to raise £8bn per year, says think tank
ShareResizePhoto: Bloomberg via Getty ImagesA levy should be imposed on banks’ profits that could bring in up to £8bn per year to plug losses caused by the government’s quantitative easing programme, according to a left-wing think tank.The Institute for Public Policy Research has proposed a “Thatcher-style tax on bank windfalls” to be brought in at the Autumn Budget. It says that quantitative easing, first brought in during the global financial crisis, is costing UK taxpayers £22bn per year and that a bank tax could help plug that hole.
InvestingCitigroup’s dealmakers weather tariff hit as trading revenue jumps 16%
ShareResizeCiti CEO Jane Fraser said the bank was aiming to grow market sharePhoto: John Lamparski/Getty ImagesCitigroup posted gains in both trading and dealmaking during the second quarter, as Wall Street banks show signs that investors’ fears over US tariffs are easing.Citi’s markets business reported $5.9bn in revenue between April and June, up 16% from a year earlier.
InvestingDeutsche Bank promotes Fratepietro and Lewellen to lead global DCM
ShareResizeDeutsche Bank has named new leaders of its DCM franchisePhoto: Michael Nguyen/Getty ImagesDeutsche Bank has promoted two senior dealmakers to lead its debt capital markets business as the German lender looks to expand its investment bank.Marc Fratepietro and Mark Lewellen have been promoted to global co-heads of DCM, according to people familiar with the matter.
InvestingCitigroup hires JPMorgan’s Prickett to run European G10 rates
ShareResizeCitigroup has bolstered its European rates trading businessPhoto: Dominika Zarzycka/Getty ImagesCitigroup has hired a top rates trader from JPMorgan to lead its business in Europe as banks look to capitalise on a surge in revenue.Tom Prickett has joined Citigroup as head of G10 rates for Europe, the Middle East and Africa, the bank said in a statement.
InvestingCitigroup hires Goldman Sachs’s Friedland to co-head investment banking in the US
ShareResizeVis Raghavan, head of banking at Citigroup has targeted senior hires at it looks to gain market sharePhoto: Bess Adler/Getty ImagesCitigroup has hired a senior Goldman Sachs dealmaker to co-head its US investment banking team in North America as it continues to build out the unit under former JPMorgan banker Vis Raghavan.David Friedland is joining the bank as co-head of North America investment banking coverage, according to a memo seen byFinancial News.
InvestingDeutsche Bank promotes Buvat to lead new corporate private solutions business
ShareResizeDeutsche Bank has promoted its head of Emea capital markets, Hoby Buvat, into a new rolePhoto: Mike Kemp/Getty ImagesDeutsche Bank has promoted one of its most senior capital markets bankers to run a newly-created unit that will focus on private deals.Hoby Buvat, who is currently co-head of capital markets for Europe, the Middle East and Africa at Deutsche Bank, will run a newly-created division called corporate private solutions.
InvestingStifel poaches Citi banker Didier to bolster healthcare coverage
ShareResizeStifel has bolstered its investment banking team in ParisPhoto: Jevone Moore/Getty ImagesStifel has poached a senior Citigroup dealmaker for its investment bank in Paris as it continues to bolster its business in the French capital.The bank has hired Jean-Baptiste Didier as a managing director within its Paris office, according to a statement. He was latterly head of sponsor coverage in France at Citigroup, where he spent five years.
InvestingHSBC CEO ‘comfortable’ City offices will house staff despite desk shortage
ShareResizeHSBC is set to move out of its current UK headquarters in 2027Photo: Vuk Valcic/Getty ImagesHSBC’s chief executive said he is “comfortable” the bank will be able to accommodate staff in its UK offices, despite reports that it is facing a shortfall of desks as it prepares to move headquarters in the country.Georges Elhedery said that around a quarter of the floors within HSBC’s UK headquarters in Canary Wharf have been “mothballed” as it has reduced headcount and changed the way its employees work.
InvestingJefferies looks to reward top investment bankers for collaboration on deals
ShareResizeJefferies has been hiring senior bankers and has ambitions to move up the dealmaking rankingsPhoto: Jeenah Moon/Getty ImagesJefferies has told its senior dealmakers to collaborate in order to secure bigger bonuses in a shift that the bank that has relied more on an eat-what-you-kill pay model.The US-headquartered investment bank told its managing directors that they needed to work together in order to secure bigger compensation packages at a recent off-site meeting, theFinancial Timesreported citing people familiar with the matter.
InvestingBarclays’ former head of European dealmaking Marsh to leave the bank
ShareResizeBarclays’ former head of Emea investment banking Reid Marsh is leaving the bankPhoto: Nathan Laine/Getty ImagesThe former head of Barclays’ investment banking unit in Europe is stepping down from the UK lender after more than 15 years in senior roles.Reid Marsh, who was latterly global chair of investment banking at Barclays, is set to leave the bank in September.
InvestingPerella Weinberg eyes European tech push as AI, fintech drives deals
ShareResizeEurope has lagged the US when it comes to AI, but dealmakers expect a wave of M&A activityPhoto: VCG/Getty ImagesBoutique investment bank Perella Weinberg is bulking up its technology advisory team in anticipation of a boom in AI and fintech deals in Europe. The bank, which advises on big M&A deals alongside larger rivals, has built a team of 30 dealmakers focused on technology in Europe since it launched four years ago and is planning on hiring more bankers.
InvestingRBC poaches Citigroup commodities salesman Ruffini in Europe push
ShareResizeThe bank is eyeing expansion in the metals sectorPhoto: Artur Widak/Getty ImagesRoyal Bank of Canada has hired a senior commodities salesman from Citigroup as a managing director at its London office, as the lender looks to grow its investment banking arm in Europe.Ron Ruffini has joined RBC Capital Markets as head of commodities risk solutions for Europe, the Middle East and Africa as well as the Asia-Pacific region, a spokesperson said.