SMBC Nikko Securities Inc., the brokerage unit of Sumitomo Mitsui Financial Group Inc., plans to add 100 equity and bond sales staff, traders and bankers abroad within three years to compete with global firms.
When Caroline Silver helped negotiate a $2.2 billion price for the London Metal Exchange last year, she woke a moribund market for cross-border takeovers that may yield an $8.2 billion windfall for NYSE Euronext.
Sumitomo Mitsui Financial Group Inc. said it will invest in U.S. investment bank Moelis & Co. a day after the Japanese lender disclosed its $7.3 billion purchase of Royal Bank of Scotland Group Plc’s aviation division.
Dubai World’s $24.9 billion debt restructuring completed in September serves as a model for other companies in the region to follow, the chief executive officer of Moelis & Co., one of the advisers on the deal, said.
Moelis & Co. will help underwrite a $300 million bond offering for Aspect Software Inc. as the investment-banking firm seeks to diversify into capital markets from advising companies on mergers and restructurings.
Moelis & Co., the four-year-old investment bank founded by Kenneth Moelis , hired Nick Saggese , a former lawyer at Skadden, Arps, Slate, Meagher & Flom LLP who focused on private-equity deals and restructurings.
Moelis & Co., the New York-based investment bank founded by Kenneth Moelis , plans to buy the $2 billion Gracie Credit Opportunities Fund to expand into hedge funds, according to two people briefed on the talks.
Moelis & Co., the New York-based investment bank that advised on Dubai World’s $25 billion debt restructuring, appointed Yorick Van Slingelandt as co-head of investment banking for the Middle East and North Africa.