2022

2022 Open
2022 Open

Fenchurch announces the opening of its US office headed by John A. Sipp

2 March 2022

 

Fenchurch Advisory Partners is pleased to announce that it is setting up a US operation based in New York. The office will be led by John A. Sipp, who has over 30 years of FIG investment banking experience, having served as a Managing Director at Moelis & Company for 10 years and prior to that as a Managing Director at DLJ/ Credit Suisse where he worked alongside Malik Karim, Founder and Chief Executive of Fenchurch. John’s career began at Goldman Sachs, where he was a founding member of its Financial Institutions Group.

 

Malik Karim, Founder and Chief Executive of Fenchurch, said:

“Opening a US business is a natural evolution for Fenchurch given our involvement in numerous significant transactions with an international component and will enable us to support our clients’ global footprints. Many of the sub-sectors of financial services where we have built strong franchises in the UK and Europe are global, and a US office will add to our origination and execution capabilities.

 

“I have known and respected John for years, since partnering with him at DLJ. It is great news that John has agreed to join Fenchurch. His extensive track record, deep sector expertise and broad set of trusted client relationships make him a powerful leader of our US operations.”

 

John A. Sipp added:

“I am looking forward to this opportunity to help build Fenchurch’s US business, leveraging its excellent reputation and blue chip client base. I have long admired the franchise that Fenchurch has built in UK and Europe. There is a big opportunity in the US market for a pure advisory business with deep, specialist sector expertise.”

 

About Fenchurch

Fenchurch is the leading specialist independent advisory firm exclusively focused on providing corporate finance advice to the financial services sector, with deep expertise across the sector including in insurance, asset and wealth management and specialty finance.

 

Fenchurch’s recent roles include advising:

  • IG Group on its $1 billion acquisition of tastytrade, Inc.
  • Ardonagh on a major new investment at an enterprise value of $7.5 billion as well as its earlier £2.5 billion debt refinancing
  • J.C. Flowers on the £1.49 billion sale of interactive investor to abrdn
  • AXA on the sale of a Belgian traditional life insurance portfolio to Monument Re
  • Apollo on the sale of its Italian life insurance business, Amissima Vita, to Athora
  • Groupe BPCE on its €3.7 billion public tender offer to the minority shareholders of Natixis
  • Legal & General on the sale of a £6bn book of retail investment products to Fidelity International
  • Hastings on the £1.7 billion recommended cash offer from a consortium of Sampo and RMI
  • Swiss Re on the £3.25 billion sale of ReAssure to Phoenix Group
  • Investec Group on the £1.9 billion demerger of Ninety One Asset Management

 

Fenchurch is an independently operated affiliate of Natixis, part of Groupe BPCE.

 

About John A. Sipp

John A. Sipp has spent over 30 years in investment banking, serving in senior roles at Moelis & Company, Credit Suisse, where he was head of the Americas Insurance Group, DLJ, and Goldman Sachs. Over the course of his career, John has led numerous merger, acquisition, divestiture, financing and advisory transactions across financial services industry sub-sectors, including insurance, asset management, specialty finance, and commercial banking.

 

John has a Bachelor of Arts in Business Administration with a Concentration in Accounting from the University of North Carolina at Chapel Hill and an MBA from Harvard Business School.

 

John’s selected recent roles included advising:

  • Navigators Group on its sale to The Hartford
  • Vida Capital LLC on its sale to RedBird Capital Partners LLC and Reverence Capital Partners
  • MetLife on its acquisition of Logan Circle Partners
  • Assured Guaranty on its acquisition of CIFG
  • GE Capital on the sale of its restaurant franchise finance assets
  • Transatlantic Holding, Inc. on its sale to Alleghany Corp
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