Investment Banking

Ex-Goldman Sachs bankers share $8.1m as profits surge at boutique

Ardea Partners’ UK entity had gross profits of $16.6m last year, up by 80% on the previous year

Former Goldman Sachs dealmakers Glenn Earle and Nigel Robinson shared $8.1m in profits in their roles at Ardea Partners last year
Former Goldman Sachs dealmakers Glenn Earle and Nigel Robinson shared $8.1m in profits in their roles at Ardea Partners last year Photo: Chris J. Ratcliffe/Getty Images

A boutique investment bank started by former Goldman Sachs dealmakers nearly doubled London-based employees last year and hiked pay as profits surged.

Ardea Partners’ UK entity booked gross profits of $16.6m last year, according to accounts filed on 3 June at Companies House, up by 80% on the previous year as the bank ramped up headcount to 11 people — from six in 2019.

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