Yesterday
Judo Bank trio walks to set up debt advisory biz
Co-founder Nav Ganegoda ran $1 billion in funds or around 10 per cent of the challenger bank’s total lending book at its peak in 2024.
This Month
JPMorgan nabs natural resources banker from rival
The Wall Street bank has lured Bank of America co-head of natural resources research coverage Matt Chalmers.
RBC shops at Morgan Stanley for hedge fund sales trader
Head of equities Karen Jorritsma told staff in an internal memo on Thursday the investment bank had lured across Sutton from Morgan Stanley.
Goldman Sachs veteran named Bank of America head of ECM
Street Talk understands staff were told Ian Taylor had joined the investment bank in an internal memo on Wednesday.
Citi energy and utilities research lead snares corporate gig
Street Talk understands Byrne has signed on with Singapore-based Atlantic, Gulf and Pacific (AG&P) LNG.
Crescent Capital kicks off buyer search for outsourcing player Emapta
Greenhill has hit the ground running, marketing the business to private equity and strategic types with more than $US20 million in earnings.
Former Goldman ECM boss Aaron Lamshed finds a new home
A 25-year veteran of the markets, Lamshed started at Goldman Sachs in 2014 and elevated to managing director in 2021.
UBS industrials analyst off to JPMorgan
Power frequently ranks among Peter Lee’s annual tally of analysts that are the most popular with clients.
March
The buy and sell cycle chewing up ASX companies and their investors
Companies get hoodwinked into thinking selling assets and returning capital via buybacks and dividends can make up for past sins. It doesn’t.
British giant Frasers to go big on Accent, roll out Sports Direct
The placement price is expected to be set on a volume-weighted average price basis.
Secret six-figure payout to banker suspected of child porn
Gresham and its shareholder Wesfarmers later engaged law firms to investigate. A decade later, the executive was cleared of having child exploitation material.
Wall Street bonus pool surges to a record $75.2b for 2024
The average bonus rose by almost a third to $387,500, the first significant increase since the COVID-19 pandemic, New York City data shows.
WiseTech Global calls IB friends to drum up board candidates
The bids for suggestions come after four independent directors resigned en masse last month, leaving behind a farcical board stacked with White loyalists.
Global banks may outsource bond trading operations
Big banks are talking about renting trading capabilities from firms such as Citadel Securities, but the savings might not be worth it.
How AI will kill off junior jobs (and talent)
Professional business models may need to change if novices lose the opportunities to learn and progress when artificial intelligence takes over their work.
Office supplies giant Winc flaunts billion-dollar revenue; sale flyer out
Winc is being shopped with a 6 per cent EBIT margin for 2025, with the sale documents pitching it as more profitable than ASX-listed distributors like EBOS and Dicker Data.
Ord Minnett chases up Perpetual Private raid with another hire
Love’s hire comes after Ord Minnett earlier this month raided Perpetual’s Melbourne offices after a failed $2.2 billion deal with KKR.
$12b traded in seconds: Inside ASX’s record day
A quiet day when $20.3 billion of Australian shares changed hands? It is time to wake up.
UBS blocks operative off to Morgan Stanley
Tom Tepaa will be taking on Barrenjoey, JPMorgan, Citi and Goldman Sachs, whose desks are frequently spotted around big-ticket block trades.
PEP weighs options for $100m-a-year tertiary education business UP
Home-grown buyout firm Pacific Equity Partners’ dealmakers are preparing to grade request-for-proposal submissions from investment bankers for UP Education.