Personal touch lets boutique banks run with big dogs of Wall Street
They are unburdened by larger trading and financing operations that can create conflicts of interest
New York
IN a pink marble skyscraper across from the Museum of Modern Art, 20 summer analysts at the investment bank Centerview Partners listened while Robert Rubin, the former Treasury secretary, opined on the state of the world.
The analysts had been selected from a few thousand applicants, and most would return after graduation to work long days, nights and weekends at Centerview, which advises big corporations on mergers and acquisitions. Blair Effron and Robert Pruzan, the firm's co-founders, flanked Mr Rubin at the head of the table.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say