DC Advisory’s infrastructure arm has bolstered its fast growing London-based team, hiring senior M&A advisor Andrew Congleton from RBC, sources said.
Congleton, who left the Canadian bank last week, will become the third managing director in DC’s infrastructure team alongside Sergio Ronga and Neale Marvin when he joins the firm in the next few weeks.
DC and RBC declined to comment.
Congleton spent the past five years as a managing director in RBC’s London-based mergers and acquisitions team, which works across 10 product teams including TMT and healthcare.
But he was best known as an infrastructure specialist and worked closely with RBC’s utilities and renewables sector head, Edward Golder, and transport head, Philip Turville.
Before joining RBC in 2015 he worked for seven years at Deutsche Bank specialising in utilities M&A.
DC needed an additional managing director to reflect the growing size of its London-based infrastructure M&A and debt advisory team, which with Congleton numbers 39, the insiders said.
Last year the firm, which is owned by Japanese bank Daiwa and also advises on M&A deals across a range of sectors other than infrastructure, recruited debt advisory specialist Chris Quayle from HSBC.