Remember Jerry del Missier? The former co-CEO of Barclays investment bank, and reportedly one of the highest paid people at the firm, set up his own private equity style investment firm on the outskirts of London (in the same building as a plumber) in 2015. More recently, he’s been hiring.
Copper Street Capital, del Missier’s newish venture based out of offices in the London suburb of Maidenhead near Heathrow airport, has been attracting staff from Deutsche Bank’s investment banking team.
Late last year, it hired Rudi Facchini, who was working as an analyst in Deutsche Bank’s financial institutions group in London. He joined Copper Street as an associate. Meanwhile, Massimo Araldi, a former director in FIG at Deutsche Bank who was more recently an MD at Stormharbour Securities, joined Copper Street’s strategic investments team towards the tail end of 2016.
Sharon Whitehouse-Faux, who was previously a managing director in HR for Barclays’ investment bank, has also signed up as chief of staff. And Gavin St. John-Heath, who was head of risk at Woodford Investment Management until September 2015, has also joined in a compliance role.
Jerry del Missier’s firm has brought in some heavy firepower, but remains a relatively tiny outfit. There are still just 11 staff registered with the Financial Conduct Authority including former Goldman Sachs managing director Joseph McNeila who signed up as CIO. Justin Bull, the former COO of Barclays investment bank who advised on the set up of Copper Street, has since taken over as COO.
Del Missier earned £14.3m in 2010 during his time at Barclays and, despite leaving Barclays in 2012, also brought in £9m in deferred bonuses. He resigned in 2012 after being implicated in Barclays’ Libor rigging scandal.
Copper Street is an investment firm that targets ‘existing financial institutions or high growth entrants’. It shares a building in Maidenhead with a frozen foods distributor and a plumber called Flush Gordon. It has yet to file its first accounts.
Photo: Getty Images