Solly reshuffles its M&A team

Schiller to return to New York; recent hire from CSFB, Paterson to become boss. They talk to FinanceAsia.

Many wondered whether the co-head structure that Salomon adopted for its Asian MA department would last, or whether it was a transitional structure. Turns out it's the latter. Gordon Paterson, who recently joined from CSFB, becomes the new head and former head, Steve Schiller will return to New York to jointly head the Corporate Sale and Divestiture Group. Here they both talk about how they see the MA scene.

Is this the worst six months in MA you can remember since the Asian financial crisis

Schiller No, it's not, at least in Asia. Then again, it probably is globally. Our volumes globally are as bad as they have been for many...

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