Top investment bankers join up to form boutique advisory firm

 
City A.M. Reporter
FORMER 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.