HSBC is reportedly bolstering the defense team against Chinese insurer Ping An’s break-up call with the addition of a top British boutique advisory firm.
Boutique advisory firm Robey Warshaw will join HSBC’s defense team in hopes of effectively pushing back against top shareholder Ping An’s call for the bank to carve out its Asia operations, according to a «Bloomberg» report over the weekend citing unnamed sources.
HSBC has maintained its stance that retaining the bank’s global reach is the «right strategy» to generate higher returns and maximize shareholder value in the fastest way.
Robey Warshaw joins Goldman Sachs – one of HSBC’s retained corporate advisors – on the defense team which reportedly kicked off efforts to prepare their rebuttal on Friday last week.
Robey Warshaw
Robey Warshaw was founded in 2013 by ex-Morgan Stanley bankers Simon Robey and Philip Apostolides as well as ex-UBS dealmaker Simon Warshaw.
The firm would rise to become a top boutique in London with various high-profiled accolades including top mandates in the U.K. such as its recent advising of a consortium led by ex-Guggenheim Partners president Todd Boehly to bid for Chelsea Football Club or the appointment of former U.K. finance minister George Osborne as a full-time partner last year.
