VETERAN dealmaker Matthew Greenburgh has retired from Merrill Lynch and is considering studying for a PhD in English Literature after 28 years in the City.
Dubbed “Sir Fred Goodwin’s banker” for helping Royal Bank of Scotland take over ABN Amro in 2007, Greenburgh leaves a gap in the top ranks of the bank. Henrietta Baldock, head of EMEA financial institutions advisory, and Andrea Orcel, executive chairman of global banking, will take on some of his duties.
Greenburgh earned his stripes at Barings where he started his career in 1989. He worked for new parent ING for three years after the bank’s collapse before moving to Merrill Lynch in 1998.
Greenburgh’s no-nonsense style quickly made him one of the most sought-after M&A advisers in the City.
Having helped Friends Provident in its £500m takeover of London & Manchester and guided Lloyds through its purchases of Cheltenham & Gloucester and TSB, he was an obvious choice to work on Lloyds’ mammoth £23bn capital raising at the end of last year.
The 49-year-old is understood to have planned to leave Merrill Lynch in 2007, but delayed his departure when the credit crunch struck and he was asked to work on Northern Rock.