Houlihan Lokey, the Los Angeles-based investment bank, is opening an office in Sydney just as Australian markets deal with falling commodity prices and growing economic uncertainty.
The bank, part owned by Japanese financial group Orix, has appointed industry veterans Nicholas Rowe, Oscar Ludwigson and David Tozer to lead a team of 10 people as it seeks a gradual expansion in the country.
“A bank like Houlihan speaks to us because it is client-focused rather than product-focused,” Ludwigson told FinanceAsia. “It’s almost a case of going back to the future and we think there will be a resurgence in institutions using this model.”
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