HSBC’s former head of investment banking in Europe, who stepped down in June after 32 years at the UK lender, re-emerged with his own venture.
Philippe Henry, who was head of global banking for Europe, the Middle East and Africa at HSBC and one of its most senior dealmakers, launched Dewenson Partners, a consultancy and venture capital firm aimed at technological disruption in financial services.
Henry becomes the latest big-name investment banker to go it alone after decades in senior roles at HSBC. He led the UK lender’s European investment bank since 2019, and has held various senior positions during a three-decade career including head of debt capital markets for Europe.
Henry officially retired from HSBC, where he also sat on the board of its investment bank, in June, having announced his intention to step down in February. He was replaced by Lisa McGeough, who joined from Wells Fargo and had previously featured on FN’s 100 Most Influential Women rankings.
Dewenson Partners will look to tackle a range of issues affecting the financial services industry, according to its website, including preparing for the post-Covid world, ESG, diversity and the need for digitalisation.
“Convinced that technology, analytics, AI and big data, analytics have the potential to transform the financial services industry, we have developed a large network within the Ventures Capital and Fintech, Insurtech, Regtech eco-system; Our ambition is to be the financial catalyst for the digitisation of your financial services in a context of Net-Zero transition,” Henry wrote, when announcing the firm on LinkedIn.
Henry was contacted for further comment.
Launching so-called advisory kiosks, where senior rainmakers go it alone, has been an increasing trend among veteran investment bankers in recent years.
Canson Capital Partners, a boutique advisory firm set up by former HSBC bankers Matteo Canonaco and James Simpson in 2017, landed a lead role on Blackstone’s $17.3bn bid for a controlling stake in Thomson Reuters’ financial terminals and data business.
Chris Roberts, a former JPMorgan and Moelis dealmaker, launched Start Point Advisory in March.
Robey Warshaw, the boutique advisor set up by banking heavyweights Simon Robey, Simon Warshaw and Philip Apostolides, is one of the most high-profile examples. It has worked on a number of multi-billion dollar deals alongside larger rivals since its launch in 2013. Earlier this year, it took on former UK chancellor George Osborne as its first ever partner hire.
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