ET’s roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours.
By ET Online |
Suits & Sayings
Just as the sale of one of the hottest, homegrown deal shops is getting to its final lap, a wild rumour about the exodus of key executives leaving in a huff on account of the post-acquisition plan of pivoting to wealth management at the cost of their flourishing investment banking vertical, spread like wildfire.
This is an industry that thrives on human capital, so one can guess the effect on team morale and on potential suitors bracing for fierce bidding. Turns out only one person has chosen to move on—to the investing side of another local PE firm. Some have changed departments internally at their own behest while others are staying put. We hear the top brass is strategising on stemming the misinformation campaign before it’s too late, but the timing of the chatter outbreak has certainly left people guessing.
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