Young(er) rivals edge out uberdealmakers Robey Warshaw in 2019

Friday, 3 January 2020, 4:50 pm

They have been feted as Britain's top rainmakers. Yes, that's Sir Simon Robey and Simon Warshaw. Ever since they left their respective megabanks (Morgan Stanley and UBS) in 2013 and set up Robey Warshaw much smoke has been blown up their respective bottoms about how brilliant they are at advising some of Britain's biggest companies on mergers & acquisitions.

But, according to esteemed data provider Refinitiv, last year wasn't so great for Sir Simon, former chairman of the Royal Opera House, and Mr Warshaw. Robey Warshaw fell out of the top ten on the league tables as the firm only advised on one "recommended" big deal.

Ironically, that one "recommended" deal was the London Stock Exchange's £22 billion acquisition of data provider Refinitiv from Blackstone.

Don't, though, feel too sorry for Sir Simon and Mr Warshaw. According to reports late last year, it emerged profits at Mayfair-based Robey Warshaw doubled to £48.4 million from £21.3 million in the year to the end of March 2019 i.e. 2018. The highest paid partner, likely to be Sir Simon, earned £27.8 million.

Whether that feat can be repeated remains to be seen because it would appear their is a crop of middle-aged British bankers that have been on the circuit a while who are now consistently eating away at Sir Simon and Mr Warshaw's market share.

They include the likes of Mark Sorrell, the Goldman Sachs banker who is also the son of Sir Martin Sorrell, and James Simpson, the fomer UBS banker that runs boutique firm Canson Capital Partners, according to league table data from Mergermarket.com.

..

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

Post Comment