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Title: George Osborne Eyes Windfall as Investment Bank Sold for £146 Million
Former Chancellor of the Exchequer George Osborne is poised to receive a significant payday following the acquisition of his boutique investment bank, Robey Warshaw, by Evercore for £146 million. This substantial sum will be distributed among the five partners at Robey Warshaw, including Osborne.
As one of the founding members, Osborne stands to gain from this lucrative deal. He joined the company in 2021 as a fourth partner and has since shared profits with his fellow investors. Last year’s earnings jumped significantly, resulting in each partner receiving a staggering £29.5 million. This latest acquisition is expected to bring even greater financial rewards.
Osborne’s lucrative career as an investment banker has seen him generate multiple millions since joining Robey Warshaw. In the past, he has shared profits with fellow partners, with last year’s earnings reaching £70 million. The best-paid partner, believed to be co-founder Simon Robey, received a substantial sum of £40.5 million, while the remaining partners, including Osborne, split a pot of £29.5 million.
Robey Warshaw was founded in 2013 by former Morgan Stanley bankers Simon Robey and Philip Apostolides, along with UBS banker Simon Warshaw. Since its inception, the firm has developed an impressive reputation as a leading boardroom advisor for several top UK companies over the past decade.
Source: www.dailymail.co.uk
