Baring Bros Lures Top Business Consultant

Peter Foy, a senior director of McKinsey and a member of the firms board and executive committee, is to join Baring Brothers from January in a move which rivals concede is a coup for the merchant bank.

As well as being titular head of Baring Brothers, Foy will help it establish new relationships with large companies and win assignments to advise them on mergers, acquisitions and financing. He will spend 2 1 /2 days a week at Baring Brothers.

Foy, who has advised some of the UKs leading executives on their corporate strategy as well as managing the UKs dominant management consultancy, will tap the extensive high-level contacts he has built up.

 

Foy, employed at Mc-Kinsey since 1968, was head of its UK consumer goods practice and managing director of its UK business before taking on the role of senior director.

He also sits on the board of P&O, the ferry company.

The appointment will fill the role formerly performed by Andrew Tuckey, former deputy chairman of Barings bank, who resigned after the group suffered losses of