Published April 28, 2010 at 7:10 AM
Will the post-financial crisis era result in a major overhaul of the world's financial systems as the Great Depression gave birth to the SEC and the FDIC, or will the impact be more confined, like the junk bond scandal that felled Drexel Burnham Lambert and sent Michael Milken to jail? The Deal pondered the question in a video conversation with Richard Attias, who produced the World Economic Forum for 13 years and launched the Clinton Global Initiative. "Regulation is not negotiable, but which type?" asks Attias. The answer will come from dialogue between leaders of the public and private sectors, he says. And that's just what he's organizing now with the The New York Forum, a confab of CEOs, financial leaders and government regulators to be held in June. Watch the video below or download it on iTunes.--Mary Kathleen Flynn
In the wake of investment banking head Antonio Weiss' departure, Lazard names Alexander Stern as CEO, financial advisory, and Matthieu Pigasse as global head, M&A and sovereign advisory. For other updates launch today's Movers & shakers slideshow.
Justin Abelow, a managing director in Houlihan Lokey's financial sponsors group, shared his outlook on private equity activity for 2015. PE activity will continue to be robust, Abelow said. He also discussed the factors impacting the PE industry. Houlihan Lokey had more than 750 sponsor-related engagements with more than 500 sponsors in 2014. Houlihan's financial sponsors group has 16 coverage officers and is led by senior managing director John Mavredakis. Houlihan's transactions include the sale of Sentinel Capital-backed Chase Industries Inc. to Audax Group, sale of American Securities LLC and ACI Capital Co. LLC-backed Healthy Directions LLC to Helen of Troy Ltd. and the recapitalization of Ability Network Inc. by Summit Partners. More video