Going it alone is the new thing for senior investment bankers. Maybe they’re trying to emulate Simon Robey and Simon Warshaw by eating up bulge bracket banks’ market share, but setting up a boutique advisory firm is increasingly common.
The latest M&A banker to draw on decades of investment banking experience to launch a boutique is Mike Beadle, a managing director within Barclays’ UK investment banking team in London. Beadle left Barclays in February and has now started his own advisory firm, Kinnerton Capital.
Beadle joined Barclays in August 2007, so was with the UK bank for almost ten years before his departure. Before this, he was an assistant director at Rothschild.
Kinnerton Capital will help companies solve financing and treasury issues. Beadle’s experience has focused on debt capital markets deals including leveraged finance, project finance and convertible bonds.
Beadle is the latest senior banker to cut ties with big investment banks and go it alone. Peter Bell, the former head of UK M&A at Bank of America Merrill Lynch, launched his own corporate finance boutique Cardean Bell in November, while Peter Bacchus, the joint head of investment banking and global head of metals and mining at Jefferies, is launching Bacchus Capital Advisors.
In the U.S., Andrew Kass, who was a managing director in Deutsche’s internet investment banking team based in San Francisco and New York, left the bank in December and has just launched a boutique advisory firm called Blackwatch Advisors.
At the even more senior end, Lars Andersson, the vice chairman of investment banking at Morgan Stanley in New York, left in November and is reportedly launching a boutique focused on life sciences and technology.
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