Mid-market focused investment bank, Investec, is building out its team of dealmakers focused on financial institutions, and has hired a former KPMG partner to lead the unit.
Tom Lewin has joined the bank as head of its financial institutions group M&A, it said in a statement. He joins from KPMG, where he was a partner within its financial services M&A team, and has previously held roles at Barclays and Rothschild.
Investec said it would build out its team of bankers focused on financial institutions with another two recruits in the coming months. Lewin said in a statement that the new team “represents a huge untapped resource” for the bank, with the dealmakers aiming to tie up with the bank’s FIG analysts including its highly-rated bank researcher, Ian Gordon.
Banks have been hiring senior FIG bankers in the City in recent months. Specialist fintech investment bank FT Partners, poached Barclay’s co-head of FIG for Europe, the Middle East and Africa, Darren McKay in August, Financial News reported.
Citigroup also tapped former Barclays dealmaker Mike Lamb as chairman of global insurance within its FIG team in July, while six bankers in Credit Suisse’s European FIG team quit for Jefferies in June and Goldman Sachs partner, John Brennan, has left for Rothschild.
To contact the author of this story with feedback or news, email Paul Clarke