- East West ends squabble over research
deal.
First Union Securities has quietly settled a lawsuit accusing it of making, and then breaking, a promise to provide research coverage to East West Bancorp in exchange for receiving $10 million in investment banking business. The case, filed in L.A. Superior Court and settled in early August, sheds additional light ......
- Fueling the fire.
Investment banker Peter Griffith hopes to heat up Southern California's growth by helping promising young companies to raise capital Peter Griffith is managing director of investment banking for Wedbush Morgan Securities, the regional brokerage based in downtown Los Angeles. His avowed goal is to push Wedbush Morgan into the role ......
- Hagerty Stewart acquired
Irvine investment bank Hagerty, Stewart & Associates Inc. has been acquired by The Seidler Companies, a Los Angeles-based investment bank. Terms were not disclosed. With the deal, Seidler picks up an OC presence and about $500 million in assets under management. Hagerty Stewart, which will switch to the Seidler name, ......
- Former Roth Capital guys start own investment bank
IMAGE PHOTOGRAPH 2 Baclawski: consolidation created "a void" Two former associates at Newport Beachbased Roth Capital Partners LLC have teamed up with a Pasadena brokerage to try their hands at their own investment bank. Newport Beach-based C.B. Capital Partners LLC, started by former Roth banker Christopher Baclawski along with ex-Roth ......
- Global Giant Having Hard Time Handling Local
Deals.
SOUTHERN California has emerged as one of the nation's hottest finance markets, as evidenced by the decision of Ken Moelis, corporate finance chieftain at Donaldson Lufkin & Jenrette Securities Corp., to retool his Westside office to focus on tech companies "within 100 miles of Century City." In essence, Moelis directed ......
- L.A.'s finance industry is big by almost any
measure.
Los Angeles is the nation's second-largest metropolis, and an economic powerhouse in the realms of manufacturing, entertainment and international trade. But in the world of finance, at least on the surface, the region at times resembles a great backwater. No major banks are headquartered here - indeed, there aren't even ......
- M&A Practice Switches Shops.
Three Los Angeles investment bankers have joined the newly opened Los Angeles office of Minneapolis-based Goldsmith Agio & Helms, a middle-market investment banking firm. Lars Ekstrom, Lisa G. Goldman and Edward W. Villeneuve -- all formerly with the L.A.-based investment banking firm of Greif & Co. -- have signed on ......