ER Morgan Stanley investment banker Simon Robey is teaming up with senior 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 Robertson’s firm which will be renamed Robertson Robey Associates, it said yesterday.
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 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.