Despite being over sixty, Simon Robbie, the singer to whom the title of “Knight” was awarded by the Queen of Britain, insists on continuing his career as the most prominent engineer and sniper of transactions in Britain.
Simon played a major role in shaping the British corporate sector’s landscape for almost 40 years.
During that time, British investment banker Simon Ruby managed FTSE 100 companies, including AstraZeneca, Rio Tinto and SAP Miller (SABMiller), through mergers and acquisitions and takeover protection mechanisms.
Robbie has proven his abilities as an advisor to senior executives, with transactions worth nearly $ 2 trillion.
Simon .. “Age is just a number”
Despite being over 61, Simon does not intend to rest or delay his efforts in this area.
In a rare interview, Robbie said: “I have not yet reached the regression stage of retiring at 65 to play golf, or spend time at the opera house. That does not mean I am going to work until I am out. of this world, but I really enjoy what I do, and I feel better every year. ”
National Grid Agreement
Last month, his small company, Robey Warshaw, National Grid, which operates Britain’s power grids and lines, advised selling 60% of its £ 9.6 billion ($ 12.5 billion) gas transport business to a Macquarie consortium. group includes.
The transaction took place in light of the widespread stagnation in buying and selling transactions, which has intensified since the start of the Russo-Ukrainian War on February 24, 2022.
Although the conflict brought an abrupt end to record mergers and acquisitions that began in mid-2020, Robbie says the impact on transactions was not as severe as in earlier times of geopolitical tensions.
Simon Robbie’s Experience
Ruby added: I have a long experience that has enabled me to advise clients during the Gulf War and the events of September 11th.
“I think the response from companies to this is that there are still many ways to do most of the work,” he said. This seems to be a very legitimate response to the traumatic events.
The value of transactions fell by more than a third in the month following the Russia-Ukraine war, according to data compiled by Bloomberg.
Although the decline, it is far less severe than in the aftermath of the September 11 attacks in 2001 and the collapse of Lehman Brothers Holdings on Wall Street in the 2008 crisis, the data show.
In addition to daily tasks, the war in Ukraine occupied Ruby’s mind in other ways.
In this regard, he says, “We are all very much affected, to a greater or lesser extent, by the human cost of it all. We are trying to get some refugees from Ukraine as a personal matter.”
Simon Robbie “Knight” sings
Robbie, born in London, studied English at the University of Oxford, where he was awarded a scholarship for his singing talent.
The sweet voice’s passion for singing led him to become Chairman of the Board of Trustees of the Royal Opera House, where he was awarded the title of “Knight” for services to music by the Queen of Britain.
Ruby enters the field of finance
Simon Ruby’s career in finance began at Lazard in the early 1980s, where he spent four years before joining Morgan Stanley.
While at the US banking giant, Robbie was involved in completing the $ 70 billion merger of British pharmaceutical companies Glaxo Wellcome and SmithKlineBeecham in 2000, advising on the acquisition of HBOS, then Britain’s largest mortgage lender, which was launched in 2008 by Lloyds Banking was established. Group.
As one of the UK’s leading transaction makers, Ruby saw the rise and fall of London as a global financial center.
While acknowledging that the capital is now under pressure after Brexit, stiff competition from New York and old regulatory features, he is optimistic that Big Smoke can develop.
“I’m sure it will,” Robbie said, because in a way, London has been a very important market for capital over the centuries.
He stressed that apart from Brexit and not keeping pace with all this emergence of technology companies in the United States, there will be a way to retain their crucial interest.
Created by Ruby Warshaw
In 2012, Robbie decided to leave Morgan Stanley after working for it for 25 years.
It was not long before he was back on the scene with Robbie Warshaw, who he still manages with Simon Warshaw, one of the city’s most famous dealmakers, who has strong ties to the Vodafone group, and Philip Apostolidis, He is a former staff member at Morgan Stanley.
Their limited number of consulting firms are run by experienced bankers with long-standing relationships with first-class clients. Since its inception, Robbie Warshaw has provided advice on giant deals in the UK, including the sale of BG Group to Royal Dutch Shell and Comcast.
Ruby pointed out that whether it is a large corporation or a small specialized company, these banking experts need to focus on their placement on the board to build a successful career.
He added: We are not decision makers, but we are agents of large companies. It is our job as veterans to advise the truth to decision makers. Offer advice without fear or favor. You can not have a long career in the big capital market if someone’s mind doubts about the independence and impartiality of your advice.
Robbie Warshaw employed about 15 people in his offices in Grosvenor Square in upscale Mayfair, London, the 18th-century building that housed John Adams, the second president of the United States.
Today, the company includes another former politician, George Osborne, who served under former British Prime Minister David Cameron as treasurer. Osborne’s appointment last year came as a surprise to a company that has not yet added a new partner to its ranks.
It makes no sense to have someone as important as George join the company unless you support him by winning new deals, Robbie said. He’s not here to be a famous politician, the purpose is to help us enrich our advice and grow our business, which is the job he actually does.
Robbie has made it clear that he has no plans to appoint other big names, or to increase the cadres in the company over the next five years to more than 25 people, as it is a challenging task to have a limited manage staff to focus on big tasks but a profitable one.
Big returns for “Ruby Warshaw”
Robbie Warshaw’s earnings available for distribution among its members increased by more than two-thirds to £ 30.1 million in the year to March 2021, according to its latest accounts submitted to the UK Companies Register.
Access to the board and the ability to generate that kind of return will make any company of this size an attractive target for acquisition by others in the field, especially in London, at a time when US banks are responsible for most of the M&A fees.
For Ruby and his associates, the message is clear: Selling or listing transactions does not take place in the manner of distribution and sharing.
Ruby concluded: “We are a very clear company if you want an immediate and high volume consulting franchise in the UK, but it will be very difficult to convince us to do anything. You are not desperate to earn the money that can result from a sale.