The positive aspects of change

Article Abstract:

Change is not necessarily a negative thing for investment banks. This was seen in 1996 at SBC Warburg and Barings, both of which have experienced considerable difficulties. Despite this, they managed to perform very well in the Acquisitions Monthly league table of acquisition and merger advisers for 1996. It appears that a bank's reaction to change is more important than change itself. In some cases, problems can give the opportunity to test and confirm approaches to acquisition and merger work.

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Goodwill or guaranteed bonus?

Article Abstract:

It has become increasingly difficult for UK investment banks to expand, as there are now very few opportunities to make acquisitions and many mid-sized operators are facing financial difficulties. Some large global houses are expanding by employing 'rainmakers,' while others are considering whether to expand by recruitment or by acquisition. Making an acquisition can be extremely expensive, as can employing very senior executives, so both approaches bring considerable risks.

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Hutton replaces Murray in DMG shake-up

Article Abstract:

Graham Hutton has become head of private equity at Deutsche Morgan Grenfell (DMG), replacing Norman Murray, who becomes chairman. Hutton was previously in charge of DMG's structured finance group, Morgan Grenfell Development Capital (MGDC). DMG is keen to move into the realm of the big league investors in the European leveraged buyout market. It is hoped that Hutton will take the operation forward, and his first task is to build a German team in Frankfurt.

Deutsche Morgan Grenfell Group PLC

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