Australia’s new millionaires factory: start-up to $1.6b in 5 years
The Fin · Australian Financial Review
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Show Notes
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 staffSince 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 billionBooming Barrenjoey swallows parent Magellan after only 5 yearsBarrenjoey 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 BarrenjoeySteven Lowy, a principal of Lowy Family Group, the family’s private investment business and family office, said it had a long history with Magellan.
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