67 WALL STREET, New York - April 1, 2013 - The Wall Street Transcript has just published its Investment Banks and Asset Management Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Consistent BDC Dividend Yield - Private Middle Market Funding - Decreased Bank Loan Competition - Exchanges Trading Volumes and Cash Flow - Increase In Investor Risk Tolerance - Asset Growth - Capital Flow Into Equities - Fixed Income Bonds
Companies include: Greenhill & Co Inc. (GHL) and many more.
In the following excerpt from the Investment Banks and Asset Management Report, the CEO of Greenhill & Co., Inc. (GHL) discusses company strategy and the outlook for this vital sector:
TWST: Can you give us an overview of the advisory services you offer? And in which service category are you currently seeing the most robust demand? How are you positioning the company to take advantage of growth in that particular area?
Mr. Bok: We focus on providing a very wide range of advice to major companies with regard to important transactions. Those can be mergers and acquisitions; they can be restructurings of companies during financial difficulty, or financings or capital raisings - so that's the range of types of advice we provide.
We provide advice in all different industries. We have people in almost every sector who've spent 20-plus years of their careers focused on that sector, whether it's retailing or technology or insurance or others. And lastly, we try to offer advice pretty much anywhere in the world, so we have major teams throughout North America, Europe, Australia and Japan, and we are continuing to look at opportunities to expand in the emerging markets.
To take the second part of your question, most opportunity right now, I think, is in the U.S. Europe is still going through a very difficult period, while the U.S. seems to be coming out of the aftereffects of the financial crisis more quickly.
Within industry sectors, we're seeing quite a lot of activity in areas like health care and industrials and technology, but less in financial services, where the questions around future regulation of banks have slowed activity in that sector. And the last area I would highlight is, we're seeing a lot of activity related to activist shareholders, where hedge funds are building up large stakes and aggressively trying to force corporations to take certain actions or change their behavior in some way, like you've seen happen with Apple recently...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.