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Former UBS banker to the stars struggles to achieve lift-off

Former UBS banker to the stars struggles to achieve lift-off

Matthew Grounds has been Australia's most high-profile banker for 15 years. Louie Douvis

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Without even inking the deal, Matthew Grounds – James Packer's rockstar banker, until he wasn't – is once again the country's most-talked-about dealmaker.

For a man who has built a career on closing transactions, it's the one he hasn't done that is all anyone wants to talk about: starting a full-scale investment advisory group, backed by funds management success story Magellan and UK bank Barclays.

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Jemima Whyte
Jemima WhyteSenior reporterJemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
Sarah Thompson
Sarah ThompsonStreet Talk editorSarah Thompson 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. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald
Anthony MacdonaldColumnistAnthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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Original URL: https://www.afr.com/companies/financial-services/banker-to-the-stars-struggling-to-achieve-lift-off-20200521-p54v79