One of the founding partners of Jarden’s Australian business, Dane FitzGibbon, is leaving the bank – the most senior departure to date.
. Catherine McCormack, who joined Jarden from Goldman Sachs in 2020 and most notably advised Mike Cannon-Brookes’ Grok Ventures in its pursuit of significant changes at AGL Energy, is also leaving.FitzGibbon’s exit comes on the same day that the bank paid bonuses. He has been with Jarden since 2020, and had spent more than a decade at UBS, where he was co-head of equity capital markets until 2017.
Sarah Rennie and Aidan Allen, co-chief executives of Jarden’s investment bank, said the firm was focused on growing its capital. The pair told approximately 600 staff this week it was a profitable business with more than $NZ100 million in earnings in a challenging market. The Australian Financial Review reported on Thursday evening that Jarden’s co-executives, Sarah Rennie and Aiden Allen, had told staff this week that the firm was a profitable business with more than $NZ100 million in earnings in a challenging market.A advisory work, capital markets, institutional equities, and equities research. Net assets at the investment bank stood at $NZ147 million, while cash levels were $NZ65 million and liquidity exceeded $NZ100 million, Rennie and Allen told staff.
Despite around a dozen departures – and growing – in the last fortnight, sources close to Jarden were insisting that there was no plan for “mass exits” and instead only discussions about the viability of some positions. has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
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