Rothschild has hired a top Morgan Stanley research analyst into a senior role within its equity advisory business amid a boom time for the sector in Europe.
Patrick Wellington, who was previously head of media and internet equity research at Morgan Stanley, has joined Rothschild as vice chair within its equity advisory unit, a spokesperson confirmed to Financial News.
Wellington had spent over 17 years at the US investment bank, having joined from Citigroup in 2004 where he also headed up its media and internet research function.
Rothschild equity advisory unit helps guide companies through the process of raising funds, whether through an initial public offering, share issues or block trades. Services can include which banks to select on a deal, or helping craft a compelling case for investment.
The independent investment bank is a leading player, with a handful of other banks including Lazard and STJ Advisers offering similar services. Houlihan Lokey kick-started an equity advisory unit in Europe led by former Rothschild banker William Marshall last year and has since added Stephen Taylor, the former head of European equity capital markets at Macquarie.
Wellington’s experience within the technology, media and telecoms sector is expected to help Rothschild gain more business within its private capital teams, with tech firms, in particular, raising increasingly large sums through private markets.
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