Investment Banking

Meet the high-flying bankers riding the Spac wave

Garth Ritchie, Gary Cohn and Tidjane Thiam are among banker bigwigs who have jumped into the trend for blank cheque companies, or Spacs

Clockwise from top left; Garth Ritchie, Tidjane Thiam, Makram Azar, Doug Braunstein, Michael Klein and Gary Cohn
Clockwise from top left; Garth Ritchie, Tidjane Thiam, Makram Azar, Doug Braunstein, Michael Klein and Gary Cohn Photo: Getty Images

Senior financiers, who have stepped down from some of the most high-profile roles in banking, have found a new reason to be lured out of retirement.

The boom in so-called blank cheque companies, which raise money on public equity markets to fund acquisitions, has captured the imagination of celebrities and senior bankers alike, many of whom have left prominent roles in the sector.

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