Citi's Ben Story joins corporate finance boutique

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Ben Story stepped down as Citi’s head of UK investment banking and broking in July 2015 to focus on client relationships.

He officially left the bank last month, according to a person familiar with the matter, and has since joined the Mayfair-based advisory firm Smith Square Partners as a partner.

Smith Square advises on takeovers, restructurings and capital markets transactions, according to its website.

Story is a well-known name in UK investment banking circles. He took the reins of Citi’s investment banking business in the UK in 2013, joining from Deutsche Bank, where he had been head of the industrials group for Europe, the Middle East and Asia-Pacific.

In doing so he became the first banker outside of Citi’s ranks to hold the role since the US bank’s 2000 acquisition of Schroders’ investment banking business.

In July 2015, he was succeeded by Michael Lavelle – Citi’s head of capital markets origination in Emea – who was promoted to head the bank’s corporate and investment banking business in the UK and Ireland.

According to his profile on Smith Square Partners’ website, Story has advised on more than 150 completed M&A and strategic financing transactions over 25-plus years in the industry. He has also worked at Morgan Stanley.

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