Teresa Teague, a former Hong Kong-based partner at Goldman Sachs, is teaming up with other well-connected dealmakers to start a boutique investment advisory firm linking Chinese investors with foreign deals.
Bloomberg News reports that the banker started TTB Partners this month with co-founder Jonathan Bond, she said in a November 28 interview in the city. Her partner in the venture, who is the son of ex-HSBC Chairman John Bond, has experience in venture capital investment and previously worked as a vice president at Merrill Lynch.
TTB has received financial backing from C.V. Starr & Co., the financial services firm run by former American International Group Chairman Maurice “Hank” Greenberg, and three family offices in Hong Kong, according to Teague.
Teague follows other bankers in the region who have been setting up their own firms as Asian buyers announced a record $810.6bn of acquisitions in 2015. Four former employees of Barclays’s Hong Kong-based team started Quintus Partners last year, while Anthony Steains led a spinoff of Blackstone Group’s Asian M&A advisory business.
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