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R. Adam Smith B. G., Opalesque Geneva: Salomon Brothers is back. The Wall Street investment bank that went on to become a proprietary trading firm and give birth to mortgage-backed securities, and inspire several well-known books recalling its culture and scandals, has just been raised from the ashes by a group of alumni.
The idea behind its re-emergence is to make it what it was born to do in 1910: good old-fashioned investment banking.
R. Adam Smith, managing director, is settled in the original headquarters of Salomon Brothers at 7 World Trade Centre in New York. He was himself an analyst at the firm for two years in the mid-90s, before moving on to advisory roles, board memberships, and entrepreneurship.
He and his partners acquired the trademark for Salomon Brothers from a third party in recent years, he told Opalesque. The terms of the transaction remain private.
It took over a year from the initial concept to the launch of the website, he adds. "We saw that many firms lost focus on client service and that clients would welcome a modern firm with old school service."
The firm is a comprehensive, global investment banking platform. It covers investment
banking, strategic advisory, mergers and acquisitions, capital markets including
private placements, sales and trading, as well as a pioneering electronic trading
platform for listed equities.
Salomon Brothers is advised by an expert board of ne...................... To view our full article Click here
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