FinancialAdvisory

Lazard Expands Team with JPMorgan's Hessberger to Strengthen Sponsors Advisory

2 months ago

In a strategic move to enhance its advisory services, Lazard has announced the hiring of Simon Hessberger from JPMorgan, a senior banker well-known for his deep connections and expertise in the private equity space. With Hessberger joining the firm, Lazard aims to bolster its capabilities in providing vital financial advice to sponsors and institutional investors.

Houlihan Lokey Set to Strengthen Asia Team After Restructuring Debt Division

2 months ago

In a pivotal move for its operations in Asia, Houlihan Lokey, a prominent global investment bank, has announced plans to bolster its senior hiring in the region. This strategic decision comes on the heels of the firm's recent reorganization involving the reduction of its debt team, indicating a shift in focus and resources toward more promising areas of growth within their Asian operations.

Wedbush Expands Gaming and Leisure Expertise with New Hire from Jefferies

3 months ago

In a significant move that underscores its commitment to enhancing its presence in the gaming, lodging, and leisure sectors, Wedbush Securities has enlisted a prominent figure from Jefferies, Patrick O’Brien. O’Brien, known for his extensive background in investment banking, is poised to lead the firm's initiatives in deal-making within these dynamic industries.

Louis Bacon and PJT Partners Resolve Legal Dispute in Caspersen Fraud Case

3 months ago

In a significant development in the financial world, billionaire investor Louis Bacon has reached a settlement with PJT Partners, a major financial advisory firm, regarding a dispute tied to the notorious fraud case involving former financier Benjamin Caspersen. This resolution comes amid ongoing scrutiny surrounding financial practices and client relations in the aftermath of the Caspersen scandal, which left many investors questioning the integrity of their advisors.

SEC Imposes $15 Million Fine on Morgan Stanley Following Adviser Theft Scandal

4 months ago

In a significant regulatory action, the U.S. Securities and Exchange Commission (SEC) has levied a hefty fine of $15 million against financial giant Morgan Stanley. This ruling comes as a direct response to a troubling incident involving an employee's theft of client funds, a situation that has raised serious concerns regarding the firm's security measures and oversight mechanisms. The SEC's announcement on December 9, 2024, highlights the serious implications this case has for the trust and integrity of financial advisory services.

Citigroup Eyes Return to Japan’s Top M&A Advisers as Deals Rise

6 months ago

Citigroup Inc. is reportedly planning strategy in a bid to reclaim a position among Japan's top mergers and acquisition advisers as deal-making in the country heats up. This could not have come at a better time when mergers and acquisitions are heating up in the Japanese market, offering fat lucrative opportunities that the financial heavyweight does not want to miss out on.