BANKER OF THE YEAR: KOMATSU
It seemed an impossible dream. An alliance between one of Wall Street’s oldest and most distinguished securities firms, and Japan’s leading commercial bank. Yet last month, that’s what Goldman Sachs and Sumitomo Bank announced to the world’s stunned financial community.
With hindsight, it looks logical. Goldman’s thirst for capital and Sumitomo’s craving for a larger share of the international securities business gives the alliance a sound commercial basis. But to put together such a deal requires creative vision.
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