Australia’s new millionaires factory: start-up to $1.6b in 5 years
About this episode
The episode discusses the merger between Magellan and Barrenjoey and its implications for the investment banking landscape in Australia.
This week on The Fin podcast, Jonathan Shapiro and Emma Rapaport on what's behind the Magellan and Barrenjoey merger and whether there's enough room for another homegrown investment bank. This podcast is sponsored by Aussie Broadband Further reading: Magellan merger delivers billion-dollar bonanza for Barrenjoey staff Since the merger was announced, Magellan’s shares have risen by more than 33 per cent, lifting the paper wealth of Barrenjoey’s 463 staff to over $1 billion Booming Barrenjoey swallows parent Magellan after only 5 years Barrenjoey and Magellan are tying the knot to create a mini-Macquarie in a $1.62 billion deal. We’d tip one side to dominate the merger. Lowy family takes major stake in Magellan after merger with Barrenjoey Steven Lowy, a principal of Lowy Family Group, the family’s private investment business and family office, said it had a long history with Magellan. See omnystudio.com/listener for privacy information.
Sponsors
Aussie Broadband
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