Three of London’s star dealmakers are joining forces in a City advisory boutique, reflecting the exodus of senior talent from bulge-bracket investment banks amid intense political and regulatory scrutiny.

Simon Warshaw, former co-head of investment banking at UBS, will this week team up with Robertson Robey Associates, said people close to the situation.

The advisory firm was launched this year by Simon Robey, who used to be Morgan Stanley’s senior UK rainmaker, and Sir Simon Robertson, deputy chairman of HSBC and a former Goldman Sachs banker.

Mr Warshaw joins next month with a view to relaunching the firm with Mr Robey in the first half of next year. They have known each other for decades and repeatedly tried to poach one another.

Sir Simon, 72, will move into a non-executive chairman role.

Robertson Robey, which will at first continue to be based in St James’s Place, is being created at a time of great political, regulatory and public pressure on the banking industry.

With a dearth of deals, this has prompted an exodus of senior people from large investment banks, many of whom have decided to advise on their own or join a boutique.

Robertson Robey is focused on advising companies in the top half of the FTSE 100. As well as its founders, it employs former Morgan Stanley banker Philip Apostolides and four juniors.

Mr Warshaw, 47, had been expected to set up his own firm since he stepped down from his UBS management role late last year in a leadership shake-up.

Both Mr Warshaw and Mr Robey have close relationships with senior management at UBS and Morgan Stanley.

Mr Warshaw was instrumental in UBS’s advisory role in Vodafone’s $130bn deal with Verizon, the Royal Mail listing and Publicis’s $35bn merger with Omnicom of the US.

Mr Robey is one of the best-known advisers in the City.

Get alerts on Companies when a new story is published

Copyright The Financial Times Limited 2021. All rights reserved.
Reuse this content (opens in new window)

Follow the topics in this article