Willis discusses marriage with Lehman Brothers

The managing director of Grange Securities in Australia explains why he tied up with Lehman Brothers and how he plans to build the next big investment bank in the country.

Last month, Lehman Brothers filled a hole in its Asian footprint by purchasing 100% of Grange Securities û a mid-sized investment and advisory firm in Australia. With 120 staff and a name for structured fixed-income products, Grange was one of the last truly independent firms left in the country following Goldman SachÆs purchase of JB Were in Melbourne and JPMorganÆs alliance with Ord Minnett. Grange was formed in 1995 by partners Geoff Malkin and Glenn Willis who is the...

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