Are the global banking giants losing ground to the boutique advisors?
In Malcolm Maiden’s latest Roundtable, four of Australia’s top investment bankers – John Wylie, Matthew Grounds, Alastair Lucas and Peter Hunt – agree to disagree. MALCOLM MAIDEN Matthew Grounds and Alastair Lucas, the corporate crashes and scandals that followed the 1990s boom led to tough new rules of engagement for securities markets players and corporations. You head up the Australian investment banking businesses of UBS and Goldman Sachs JBWere respectively, which sit within big, integrated global investment banking combines. From your vantage point, is the concept of a global, one-stop-investment banking shop as attractive now as it was before those changes? Are the boutique advisory firms more viable? MATTHEW GROUNDS Global investment banks and boutiques offer different services, and there’s always room for both. Boutiques can’t offer all the services and I dont think they say that they do, but there’s always going to be a place for them. I don’t think that there is anything tha
