February
Luminis’ dealmakers confront a new frontier – succession planning
The advisory firm is boosting its partnership ranks, including with a new hire from Goldman Sachs, and has teamed up with a new US outfit.
Private markets dragged out of the shadows by corporate cop
ASIC is eyeing the future of investing and hellbent on keeping public and private markets on a level regulatory playing field.
Magellan banks $4m Barrenjoey dividend, flags Guzman y Gomez bonus
Group executive chairman Andrew Formica says the best results from its share in the investment bank are yet to come.
Investment banking grads survive AI test, for now
Local investment banks are adding graduate roles to firms, despite fears artificial intelligence will reduce the need for junior bankers.
‘We were scrounging for stuff’: Home of the faltering GFG empire
At the Hotel Bargo (lunch special: $15) on a 30-degree day, mine workers say a cashed-up new owner for Tahmoor Colliery would be best for the town.
Macquarie strikes careful tone, answering to new global mood
The investment bank and asset manager maintains a “cautious stance”, noting transaction timing, foreign exchange and geopolitics are unpredictable.
Why Rothery is ‘pound for pound Australia’s smartest banker’
Goldman Sachs local chief Simon Rothery remains relatively unknown and doesn’t even have a LinkedIn account, but he’s a survivor. Just ask his tennis partner.
Accenture to end DEI policies to comply with Trump
Accenture CEO Julie Sweet advises staff of a global evolution as the consulting giant abandons DEI programs in response to President Donald Trump’s orders.
Macquarie pivots to private credit, shutters US debt business
The financial services giant will no longer provide traditional loans in the US, having exited the market in Europe. It wants to focus on private credit.
Alex Waislitz’s Thorney swoops on failed Seek target Xref
The billionaire businessman voted against a $41 million takeover of the employment software group, despite the deal being recommended by the board.
Seek walks from Xref after shareholders shock by rejecting takeover
The job listing platform’s bid for the smaller workplace software group fell short despite being endorsed by the board and independent experts.
December 2024
Inside the morning meeting of the market’s biggest fee payer
The big year of deal making at David Di Pilla’s HMC Capital has been a blessing for investment banks in an otherwise patchy 12 months. Can it maintain the pace?
Block trade rush trips up investment banks amid league table scramble
A number of massive sell downs in the last month have given equities teams an opportunity to jump up all-important rankings as they position for next year.
Meet the Liberal who swears she can win back Wentworth
Ro Knox was a firsthand witness to the defining event of the 21st century, and it has shaped her campaign for the seat where antisemitism is a major issue.
Barrenjoey tells staff to expect revenue bump as rivals circle
At least two rival investment banks said that they had recently held discussions with some of the local investment advisory and markets firm’s employees.
How to make it as an investment banking grad (from those who did)
Five investment banking graduates reveal what they wish they’d known when they began their careers as future dealmakers, analysts and sales traders.
November 2024
These junior bankers made a pitch to Goldman’s David Solomon – and won
The Australian crew beat more than 150 teams vying to impress the group’s chief executive and 30 global partners.
Jarden sues ex-client after getting cut from $300m deal
The investment bank worked on the auction of the commercial sauces and condiments maker but was axed just before a deal with private equity giant Quadrant.
New hires love Jefferies’ cash bonuses. Just don’t try to leave
Unlike other investment banks, the fast-growing New York firm offers upfront payment instead of deferred stock. It seems to be working, as headcount grows.
Betashares’ no-fee broking ignites intense competition for investors
The start of free transactions for the first time in Australia comes as Bell Financial snaps up popular low-cost platform Selfwealth for $51 million.