When it comes to enduring client-banker relationships in the Australian market, not too many have been as high-profile as that of Crown billionaire James Packer and UBS chief Matthew Grounds.
UBS has been Packer's house adviser since advising on Publishing and Broadcasting Limited's 2004 acquisition of Perth's Burswood casino, led by Grounds and his then boss Chris Mackay.
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Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news