Golden hello Polverino returns to finance sector

By:
Duncan Kerr
Published on:

One of the City of London’s highest-paid investment bankers has resurfaced at a small financial services firm after leaving taxpayer-owned Royal Bank of Scotland last year.

Antonio Polverino, formerly global head of financial institutions strategic financing and solutions at RBS and the banker reportedly hired by the UK bank in 2009 on a £7 million golden hello pay package, has re-emerged as a director at London-based Talbot Capital, an institutional brokerage and corporate finance boutique.

Polverino’s move to RBS on the reported pay package drew fierce criticism at the time because the bank had effectively been nationalized only months before by the UK government’s multi-billion pound rescue in October 2008.

Polverino, who left RBS in March last year, joined the bank from Merrill Lynch, where he was European head of its fixed income, currencies and commodities sales division. He has also worked for JPMorgan in derivative sales and marketing.

Talbot Capital received authorization from the UK financial regulator in 2009. According to the financial services register of the Prudential Regulation Authority, the firm has 10 authorized staff. Talbot’s chief executive is Gregory Pritchard, formerly CEO of London Islamic Investment Bank, which ceased operations in 2010.

The firm’s name is taken from an ancient breed of large English hound, similar in looks to the modern day bloodhound, which was used for tracking and hunting.

In addition to corporate finance advisory, especially pre-IPO financing, and institutional brokerage, Talbot Capital has fund administration and appointed representative and locum support services.

It also has a business called Talbot FX, which is a currency exchange broker specializing in providing foreign exchange and international payment solutions for private and corporate clients.

No one at Talbot Capital was available for comment when contacted by Euromoney. Polverino could not be reached for comment.