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Title: Windfall Alert! George Osborne Cashes In Big Time as Robey Warshaw Investment Bank Sells Out to Evercore for £146 Million
In a jaw-dropping deal, former Chancellor of the Exchequer George Osborne and his partners at Mayfair-based investment bank Robey Warshaw are set to rake in an astonishing £29.2 million each after their firm was acquired by US giant Evercore for £146 million.
Robey Warshaw has established itself as one of Britain’s top corporate advisors, boasting a portfolio of big-name clients such as HSBC, BP, Vodafone, and National Grid. The bank’s impressive track record has led to significant fees, which have been distributed among its partners, including Osborne.
In 2021, the firm shared an astonishing £30 million in profits during his first year at the company, followed by a staggering £70 million last year. This means the best-paid partner, believed to be co-founder Simon Robey, pocketed an incredible £40.5 million, while other partners like Osborne received £29.5 million.
This impressive payout is not the only windfall for Osborne since he joined the firm in 2021. His lucrative career has already seen him rake in a staggering sum of money. The acquisition by Evercore will only add to his wealth.
Robey Warshaw was founded in 2013 by former Morgan Stanley bankers Robey and Philip Apostolides, along with UBS banker Simon Warshaw. In 2021, Osborne joined the team, adding his political expertise to drive business growth. His tenure has been instrumental in propelling the company’s success.
In a statement, Evercore revealed that they will continue to maintain the current business model while integrating Robey Warshaw into their organization.
Source: www.dailymail.co.uk
