Veteran investment banker Jack Leventhal joined corporate advisory firm Teneo Holdings, to help build out its financial institutions coverage, according to a person familiar with the matter.
Leventhal, an insurance industry specialist, joined the New York-based firm’s investment banking arm Teneo Capital this week as senior managing director, said the person who asked not to be identified because the matter isn’t public. Leventhal was most recently head of U.S. financial institutions at Nomura International Plc’s investment banking arm, Nomura Securities International Inc., which he joined in 2005.
A representative for Teneo confirmed details of Leventhal’s hiring.
Leventhal has done deal advisory work for clients including American International Group Inc. and Prudential Financial Inc. He helped start UBS AG’s financial institutions group in the mid-1990s, and worked at Salomon Brothers and Lehman Brothers earlier in his career, according to a biography on Teneo’s website.
New York-based Teneo, founded in 2011 and best known for its public relations and consulting work, has been aggressively expanding into other areas after selling a stake in late 2014 to the private equity firm BC Partners. In February, it announced that it had acquired boutique investment bank Twelve Rolling Capital. In recent months, it has also recruited investment bankers from Perella Weinberg Partners, as well as Lazard Ltd.