Fenchurch Advisory Partners is adding two Managing Directors to its US office: Peter Manley, who will focus on M&A advisory for the insurance sector, and Mark Karasik who will focus on asset and wealth management.
Peter joins from Talcott Resolution where he was Head of Corporate Development and Strategy and before that J P Morgan where he was a Managing Director in the FIG team. Mark joins from Moelis where he served as a Managing Director in the FIG team.
They join an expanding and active team of bankers in Fenchurch’s US office, which was established in 2022. Most recently, the US team advised Protective Life Corporation in its purchase of ShelterPoint Group and Hiscox on its investment in Coterie, both of which announced in the last month.
Headquartered in London, Fenchurch now has 60 investment banking professionals providing corporate finance advisory to financial institutions. Fenchurch acts for leading corporate and financial sponsor clients as a trusted adviser on M&A, capital raisings and shareholder activism.
So far in 2024, in addition to the transactions above, Fenchurch has advised:
- M&S on the negotiation of a new a financial services partnership with HSBC UK
- Lloyds Banking Group on its sale of the Scottish Widows £6bn bulk annuity business to Rothesay
- Mattiolli Woods on its £432m recommended offer from Pollen Street Capital
- Probitas on its £242m sale to Aviva
- Nucleus on its acquisition of Third Financial
- Ancala on the sale of a stake to Vontobel
- Charlesbank on its acquisition of Perspective Financial
Malik Karim, Founder and Chief Executive of Fenchurch, said:
“Fenchurch has a laser focus on advisory for financial services clients. Our US office is one of very few independent investment banks with a world-class FIG team in Europe. Combining specialist independent advice with first class execution is compelling to the market.
“We are pleased to welcome Mark and Peter to the US team, they are first class bankers and will add to the bench strength we have already built there. Both Mark and Peter will be valuable partners for John Sipp, our Senior Managing Director and Head of Fenchurch US. These senior hires, combined with Paul Miller joining us from Morgan Stanley in the UK and Eric Richard from RBC in Europe, will add to the momentum of Fenchurch’s business on both sides of the Atlantic.”
