Investment banking is not a business; it is a personal service where bankers work hand in hand with their clients. And it is a service that must not simply be about making bigger and bigger deals that reap rewards for only a small group of executives.
What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is a middle man - someone who is here to match people who need capital with people who have capital - and not position ourselves at the center of that by taking big positions on a trading stance.
I have one client: Donald Trump.
If you were a corporation needing financial services, and I can give you something better, faster, and cheaper across 12 products as opposed to eight, that's business. I'm doing it because I'm serving you; I'm not doing it because I want to be universal.
Leave no stone unturned to help your clients realize maximum profits from their investment.
We don't think of ourselves as a regional investment bank. We think of ourselves as merchant bankers with clients all over the country.
Goldman Sachs saying they might be interested in such an investment. I'm familiar with the company. I've known the management, the current management, Jack Welch before Jeff Immelt. I've known him for decades.
Goldman in the '80s was like a priesthood, a monastic experience where you worked all the time but were incredibly dedicated to client services, to building and growing companies.
If you're just interested in the prestige of banking, that's not what's going to sustain you. You have to be interested in what we do: managing and originating capital, helping issuers and investors come together is great, bringing these companies to life.
I'm delighted to be joining INVESCO, an organization that has been growing both in terms of assets under management and the breadth of investment capabilities offered. I see great potential in working with the accomplished investment centers within INVESCO and providing expertise to help develop strategic solutions for our clients.
The financial advice market presents an impossible conundrum: in order to work with a financial planner, you must have enough money to be of interest. In order to amass enough money, it is critical to work with a financial planner. Most financial plans come with a $1,500-$3,000 price tag - numbers that are simply out of reach for most Americans.
Who is Antonio Weiss? He's the head of global investment banking for the financial giant Lazard.
I delivered lectures, and I was also a consultant for international companies in finance, both private equity and big venture capital funds.
I have never had a situation where an investee company would have a good value by having a banker. Investment bankers are there to please future clients. You are a temporary client; they are therefore not to get you the best valuation.
If I'd only followed CNBC's advice, I'd have a million dollars today. Provided I'd started with a hundred million dollars.
In India, the investment banking industry is a little different. Overseas, the structures are very complicated, but not in India.
Franck Muller has been very supportive during our acquisition process.
We want all clients to think of us first when they want to hire an auditor or if they want to have an adviser to solve difficult corporate problems. We want the best talent to join our firm.
Our investment bank looks like it does because its customers like our expansive network and want to do equity, debt, M&A, custody, move money, deposit money, et cetera.
We're in the service business by nature, but when we can transition that into ownership things, we love it. Our clients love it, too. We get deluged with offers to get involved with this or that. Silver Lake helps us funnel those opportunities.
