Page 3 - Guy Fowler News Today

Magellan is selling its stake in Mexican chain Guzman y Gomez to focus on funds management. But its stake in investment bank Barrenjoey is going nowhere. 

Bitter rival UBS currently ranks second as the two investment banks face-off on opposite sides of the $20b Ramsay Health Care deal.

More than eight years after big bonuses were paid to UBS bankers its complex and ill-fated PNG deal continues to haunt the Swiss bank.

Two former and one current lawyer at Norton Rose’s Australian unit face a ban from operating in PNG as a royal commission report is set to be made public on Monday.

Bain Capital has acquired a 20 per cent stake in Australian vehicle and equipment financier Allied Credit, in a deal designed to help it emerge as a major player in the changing dealer finance and auto loans market. 

Global investment bank UBS will be hard to topple from its leading positions in equity capital markets and M&A in Australia. But Barrenjoey is doing all the right things to achieve that goal.

The investment bank start-up has lured talent from its larger rivals as it battles to grow market share, according to Dealogic.

The suitor in Australia’s biggest-ever cash takeover couldn’t afford another rejection – three strikes could only mean it was out of the running. 

Upstart investment bank Barrenjoey has converted a $40 million pile of redeemable preference shares to ordinary shares as it continues its hiring raids across Australia and Asia-Pacific.

Kodari on recruitment drive, promising ‘the highest salaries’ Move over Barrenjoey, and brace yourself UBS: there’s another hiring spree in town. Save Share It comes courtesy of alleged investment guru Michael Kodari, who we’ve mostly lost sight of. When his office was on Level 9 of Sydney’s prestigious Chifley Towers, he used to share a lift with the nation’s top investors, brokers and financiers. Alas, he moved his firm, KOSEC, to North Sydney two years ago, taki...