Investment Banking

Ex-Goldman Sachs dealmakers’ boutique pays London staff $10.2m after bumper year

Profit more than doubled to $35.6m for its international operation last year

New York-headquartered Ardea Partners, which employs 13 people within its London-based operations, more than doubled profit in the UK last year
New York-headquartered Ardea Partners, which employs 13 people within its London-based operations, more than doubled profit in the UK last year Photo: SOPA Images/LightRocket via Getty Images

A boutique investment bank started by a group of former Goldman Sachs bankers more than doubled profit in the UK last year and has ramped up pay to more than $10m.

Ardea Partners' international business booked gross profit of $35.6m for 2021, according to accounts filed at Companies House on 10 June, up from $16.6m a year earlier.

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