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| Justin Shinebourne |
Justin Shinebourne, who headed Barclays Investment Bank's European equity advisory service, has joined Finsbury's London office to build its advisory practice.
At Barclays, he provided strategic counsel to clients across the EMEA region on matters related to valuation, market impact and communications.
The 25-year investment banking veteran also did stints at Morgan Stanley in equity sales and HSBC, where he was a member of its regional equity management committee.
James Murgatroyd, Finsbury managing partner, predicts Shinebourne will be “an invaluable addition” to the firm’s capital markets offering. “His appointment underscores our commitment to offering clients communications solutions that meet all their most important stakeholders’ needs,” Murgatroyd added.
WPP is merging Finsbury, Glover Park Group and Hering Schuppener early next year to form Finsbury Glover Hering, which will be based in New York.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
Haggie Partners is working the $7B takeover of the specialty insurer Convex by Canada’s Onex private equity fund and American International Group.
WPP reported Q3 revenues less pass-through costs tumbled 5.9 percent to $3.3B, a performance new CEO Cindy Rose called “unacceptable.”
