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LONDON, Oct 14 (Businesshala) – Gregoire Hughes, a former Rothschild banker, has left Centreview’s Paris office, seven months after joining the US investment banking boutique as a partner, a source familiar with the matter told Businesshala.
Hughes is well-known in France’s close financial circles after 15 years at Rothschild, where he advised on some of the country’s biggest transactions, including the 40 billion euro ($46 billion) merger of cement manufacturers Lafarge and Holcim.
He left Rothschild in December 2020 and started at Centerview in March, teaming up with French dealmaker Mathieu Pigsche, who started operating Centerview in Paris last year.
Centerview confirmed that Hughes, who was not immediately available for comment, was leaving.
Hughes joined Centerview to support the development of its activities in Continental Europe. He was one of three Paris-based partners along with Pigsé and former Lazard banker Nicolas Constant.
But they had to leave due to differences over strategy, the source said.
Although Hughes is now focused on a new entrepreneurial project, Centerview has offered him an agreement to continue working with the firm, a second source said.
Centerview has been hiring for the past year to bolster its global operations in both Paris and New York, where it hunted down three senior technical bankers at Bank of America.
Investment banks are benefiting from a spurt in global M&A activity as companies and investors shape their post-COVID future through dealmaking.
Global M&A activity reached a record $4.33 trillion in the first nine months of 2021, with leading investment banks expanding their teams and increasing salaries for junior employees. ($1 = 0.8611 euros) (Reporting by Pamela Barbaglia and Gwenelle Barzic; Editing by Jason Neely and Alexander Smith)