Behold the first official deal brokered by Byron D. Trott’s new firm. Long known as the only banker who truly has the ear of Warren E. Buffett, Mr. Trott secured a leading role in Monday’s largest deal, the $3.7 billion acquisition of the hair products maker Alberto Culver by Unilever. The deal was the first [...]
Citigroup’s hiring of Stephen Trauber and his team of energy bankers from UBS was seen as a victory for the bank when it was announced earlier this month. But Citigroup is now reported to be paying Mr. Trauber up to $30 million over three years, raising questions of whether Citi may be spending too much [...]
Soon the trivia question at smart parties in London will be: Can you name a top executive of a big bank who wasn’t an investment banker? The dominance of the investment banker in the global banking c-suite will advance with the expected promotion of Stuart Gulliver, who runs HSBC’s investment banking business, to chief executive [...]
GlaxoSmithKline, the British pharmaceutical giant, said on Wednesday that Simon Dingemans, head of the European M.&A. business at Goldman Sachs, would become its new chief financial officer. Mr. Dingemans has been an adviser to a number of major companies on deals, including BHP Billiton and Macquarie. He was was previously head of investment banking in [...]
JPMorgan Chase has hired Ravi Sachdev, a health care banker from Deutsche Bank, as a managing director, according to an internal memorandum obtained by DealBook. Mr. Sachdev, who will begin work in November, will focus on health care services. While at Deutsche Bank, Mr. Sachdev advised on deals like Medco Health Solutions‘ $730 purchase of [...]
The death of Matthew R. Simmons, the founder of Simmons & Company International, a boutique energy investment bank, has stunned the tight-knit energy banking community. Mr. Simmons, 67, had retired from the day-to-day operations of his firm in 2005 and left the firm in June, but he was still considered a major figure in the [...]
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