Wednesday, March 19, 2008

Marketing and investment banking I: practical and theoretical challenges

Emerald Full text article

http://www.emeraldinsight.com/Insight/ViewContentServlet;jsessionid=C9F588C3050271C5B05FE2EA7DFA361C?Filename=Published/EmeraldFullTextArticle/Articles/0320140203.html

Network Strategies and Performance of Canadian Investment Banks

Network Strategies and Performance of Canadian Investment Banks

ANDREW V. SHIPILOV
INSEAD
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Academy of Management Journal, Vol. 49, No. 3, pp. 590-604, 2006


Abstract:
What implications does a firm's specialization have for firm performance achieved by spanning structural holes between its partners? By analyzing networks within the Canadian investment banking industry, I find that, in networks rich in structural holes, both specialists and generalists outperform banks of moderate specialization levels, and that generalist banks, in turn, perform better than specialists.


Keywords: Networks, alliances, structural holes, investment banks, specialists, generalists

Accepted Paper Series

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Suggested Citation
Shipilov, Andrew V., "Network Strategies and Performance of Canadian Investment Banks" . Academy of Management Journal, Vol. 49, No. 3, pp. 590-604, 2006 Available at SSRN: http://ssrn.com/abstract=1017089

Information processing in investment banks

http://www.rieti.go.jp/users/matsumoto-hideyuki/serial/en/001.html

Offshoring and Outsourcing in Investment Banks

http://www.rieti.go.jp/users/matsumoto-hideyuki/serial/en/002.html

Back Office Improvement

http://www.rieti.go.jp/users/matsumoto-hideyuki/serial/en/005.html

Japanese Security Markets

History

http://www.rieti.go.jp/users/matsumoto-hideyuki/serial/en/004.html

Friday, February 8, 2008

Deutsche Bank - History

Under the Empire (1870-1918)


1870 Deutsche Bank is founded in Berlin

Its purpose: "to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets".

1870 Deutsche Bank is founded in Berlin - its purpose: "to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets".
1871/72 First branches in Bremen and Hamburg, followed by more branches in, for example, Frankfurt am Main, Munich, Leipzig and Dresden.
1873 Opening of the first European foreign branch in London.
from 1880 Deutsche Bank begins to supply industry with loans and capital market products. Foreign investments in North and South America, Eastern Asia, and Turkey.
from 1914 As a result of the acquisition of several regional banks Deutsche Bank establishes a branch network all over Germany.
1929 The biggest ever merger in German banking history creates the “Deutsche Bank und Disconto-Gesellschaft”.
from 1933 Jewish employees are forced to resign.
1937 The company name is changed back to “Deutsche Bank”.
1938 Deutsche Bank is involved in "Aryanisations".
1945 Closure of Deutsche Bank’s Berlin Head Office and of all branches in the Soviet-occupied zone.
1947/48 In the western zones of occupation, Deutsche Bank is decentralized into ten regional institutions.
1952 The so-called Big Banks Act allows the amalgamation of the ten successor institutions into three joint stock companies: Norddeutsche Bank AG, Rheinisch-Westfälische Bank AG and Süddeutsche Bank AG.
1957 Re-amalgamation of the three successor banks to form Deutsche Bank AG, a joint stock corporation with its registered office in Frankfurt am Main.
1959 Deutsche Bank enters retail banking by introducing small personal loans.
1970 Foundation of today’s Deutsche Bank Luxembourg S.A.; in the next ten years, the bank pushes ahead with the internationalization of its business; offices are opened at new locations such as Moscow, London, Tokyo, Paris and New York.
1986 Acquisition of Banca d´America e d´Italia; this is the first time the bank has acquired a sizeable branch network in another European country.
1989 Acquisition of Morgan Grenfell Group; with this step, Deutsche Bank strengthens its position in the international securities business and expands its presence on the important London capital market.
1990 Deutsche Bank starts operations in the new federal states with the foundation of Deutsche Bank-Kreditbank AG.
1999 Acquisition and integration of Bankers Trust in the U.S.A.
2001 The Deutsche Bank share is traded for the first time on the New York Stock Exchange.
2002 Purchase of the US asset manager Scudder Investments.
2003 Acquisition of the Swiss Private Bank Rued Blass & Cie.
2006 Complete acquisition of the Russian investment bank United Financial Group (UFG).


http://www.deutsche-bank.de/csr/en/history/index.html


Publications about Deutsche Bank

The Deutsche Bank 1870-1995
Lothar Gall, Gerald D. Feldman, Harold James, Carl-Ludwig Holtfrerich, Hans E. Büschgen, London: Weidenfeld & Nicolson, 1995, 947 pp.
ISBN 0-297-81606-3

Chronicle Deutsche Bank 1870-2002
Manfred Pohl, Angelika Raab-Rebentisch, Munich: Piper, 2002, 144 pp.,

Historical Association of Deutsche Bank
Munich: Piper, 2006, 320 pp., approx. 500 images,
ISBN 978-3-492-04580-3

'A Man for all Seasons?' - Hermann Josef Abs and the Third Reich
Lothar Gall, in: Financial History Review, Vol. 6, 1999, Part 2, pp. 147-200,
ABN AMRO Bank 250 Bishopsgate
London EC2M 4AA
Tel: 020 7678 8000
Fax: 020 7857 9000
Altium Capital Limited 30 St James's Square
London SW1Y 4AL
Tel: 020 7484 4040
Fax: 020 7484 4010
Ambrian Partners Limited 8 Angel Court
London EC2R 7HP
Tel: 020 7776 6400
Fax: 020 7776 6420
Arbuthnot Latham & Co., Limited Arbuthnot House
20 Ropemaker Street
London EC2Y 9AR
Tel: 020 7012 2500
Fax: 020 7012 2501
Arbuthnot Securities Limited Arbuthnot House
20 Ropemaker Street
London
EC2Y 9AR
Tel: 020 7012 2000
Fax: 020 7012 2001
Arden Partners Limited Arden House
17 Highfield Road
Edgbaston
Birmingham B15 3DU
Tel: 0121 423 8900
Fax: 0121 423 8901
BNP Paribas 10 Harewood Avenue
London NW1 6AA
Tel: 020 7595 2000
Fax: 020 7595 2555
Banc of America Securities Limited 5 Canada Square
London
E14 5AQ
Tel: 020 7174 4000
Fax: 020 7174 6441

Barclays Capital 5 The North Colonnade
Canary Wharf
London E14 4BB
Tel: 020 7623 2323
Fax: N/A
Bayerische Hypo- und Vereinsbank AG London Branch Moor House
120 London Wall
London EC2Y 5ET
Tel: 020 7826 1000
Fax: N/A
Bear, Stearns International Limited

One Canada Square
London E14 5AD
Tel: 020 7516 6000
Fax: 020 7516 6398
Brewin Dolphin Securities Limited 5 Giltspur Street
London EC1A 9BD
Tel: 020 7248 4400
Fax: 020 7236 2034
CIBC World Markets Cottons Centre
Cottons Lane
London SE1 2QL
Tel: 020 7234 6000
Fax: 020 7407 4127
Calyon SA Broadwalk House
5 Appold Street
London EC2A 2DA
Tel: 020 7214 5020
Fax: N/A
Cantor Fitzgerald Europe
One America Square
London EC3N 2LS
Tel: 020 7894 7000
Fax: 020 7894 7225
Cenkos Securities Limited 6.7.8 Tokenhouse Yard
London EC2R 7AS
Tel: 020 7397 8900
Fax: 020 7397 8901
Citigroup Citigroup Centre
33 Canada Square
Canary Wharf
London E14 5LB
Tel: 020 7986 6000
Fax: 020 7986 2266
Close Brothers Corporate Finance Ltd 10 Crown Place
London EC2A 4FT
Tel: 020 7655 3100
Fax: 020 7426 4385
Collins Stewart Europe Limited 9th Floor
88 Wood Street
London EC2V 7QR
Tel: 020 7523 8500
Fax: 020 7283 8031
Credit Suisse Securities (Europe) Ltd One Cabot Square
London E14 4QJ
Tel: 020 7888 2000
Fax: 020 7888 1600
Daiwa Securities SMBC Europe Limited PO Box 72
5 King William Street
London EC4N 7AX
Tel: 020 7597 8000
Fax: 020 7597 8600
Dawnay, Day & Co., Limited 15 Grosvenor Gardens
London SW1W OBD
Tel: 020 7834 8060
Fax: 020 7828 1992
Deutsche Bank AG London Winchester House
1 Great Winchester Street
London EC2N 2DB
Tel: 020 7545 8000
Fax: 020 7545 4455
Dresdner Kleinwort 30 Gresham Street
London EC2P 2XY
Tel: 020 7623 8000
Fax: 020 7623 4069
Evolution Securities Limited 100 Wood Street
London EC2V 7AN
Tel: 020 7071 4300
Fax: 020 7071 4450
Fox-Pitt, Kelton Limited 5th Floor
25 Copthall Avenue
London EC2R 7BP
Tel: 020 7663 6000
Fax:
Goldman Sachs International 133 Fleet Street
London EC4A 2BB
Tel: 020 7774 1000
Fax: N/A
Greenhill & Co. International LLP Lansdowne House
57 Berkeley Square
London W1J 6ER
Tel: 020 7440 0400
Fax: 020 7440 0500
HBOS Treasury Services plc 33 Old Broad Street
London
EC2N 1HZ
Tel: 020 7574 8000
Fax: 020 7574 8126
HSBC Bank plc 29th Floor
8 Canada Square
Canary Wharf
London E14 5HQ
Tel: 020 7991 8888
Fax: N/A
ING Bank N.V. 60 London Wall
London EC2M 5TQ
Tel: 020 7767 1000
Fax: 020 7767 7777
Instinet Europe Limited 26th Floor, 25 Canada Square
Canary Wharf
London E14 5LB
Tel: 020 7154 8400
Fax: 020 7519 1442
Investec Bank (UK) Limited 2 Gresham Street
London EC2V 7QP
Tel: 020 7597 4000
Fax: 020 7597 4070
Jefferies International Limited Vintners Place
68 Upper Thames Street
London EC4V 3BJ
Tel: 020 7029 8000
Fax: 020 7898 7447
JPMorgan Cazenove Limited 20 Moorgate
London EC2R 6DA
Tel: 020 7588 2828
Fax: 020 7155 9000
J.P. Morgan Securities Ltd 125 London Wall
London EC2Y 5AJ
Tel: 020 7777 2000
Fax:
KBC Peel Hunt Ltd 111 Old Broad Street
London
EC2N 1PH
Tel: 020 7418 8900
Fax: 020 7418 8995
Kaupthing Singer & Friedlander Limited One Hanover Street
London
W1S 1AX
Tel: 020 3205 5000
Fax: 020 3205 5001
Landsbanki Securities (UK) Limited Beaufort House
15 St Botolph Street
London
EC3A 7QR
Tel: 020 7426 9000
Fax: N/A
Lazard & Co., Limited 50 Stratton Street
London W1J 8LL
Tel: 020 7588 2721
Fax: 020 7628 2485
Lehman Brothers 25 Bank Street
London E14 5LE
Tel: 020 7102 1000
Fax: N/A
Libertas Capital Group plc 16 Berkeley Street
London W1 8DZ
Tel:
Fax:
Merrill Lynch Europe PLC Ropemaker Place
25 Ropemaker Street
London EC2Y 9LY
Tel: 020 7628 1000
Fax: 020 7867 2867
Mizuho International plc Bracken House
One Friday Street
London EC4M 9JA
Tel: 020 7236 1090
Fax: 020 7236 0484
Morgan Stanley & Co. International plc 25 Cabot Square
Canary Wharf
London E14 4QA
Tel: 020 7425 8000
Fax: 020 7425 8990
NCB Stockbrokers Limited 51 Moorgate
London EC2R 6BH
Tel: 020 7071 5200
Fax: 020 7071 5202
N M Rothschild & Sons Limited PO Box 185, New Court
St Swithin's Lane
London EC4P 4DU
Tel: 020 7280 5000
Fax: 020 7929 1643
Noble & Company Limited 120 Old Broad Street
London EC2N 1AR
Tel: 020 7763 2200
Fax: 020 7763 2398

Nomura Code Securities Limited 1 Carey Lane
London EC2V 8AE
Tel: 020 7776 1200
Fax: 020 7776 1201

Nomura International plc 1 St Martin's-le-Grand
London EC1A 4NP
Tel: 020 7521 2000
Fax: 020 7521 2121

Numis Securities Ltd The London Stock Exchange Building
10 Paternoster Square
London EC4M 7LT
Tel: 020 7260 1000
Fax: 020 7260 1010


Oriel Securities Limited 125 Wood Street
London EC2V 7AN
Tel: 020 7710 7600
Fax: 020 7710 7611

Panmure Gordon & Co. Moorgate Hall
155 Moorgate
London EC2M 6XB
Tel: 020 7459 3600
Fax: N/A

PiperJaffray Ltd One South Place
London EC2M 2RB
Tel: 020 3142 8700
Fax: 020 3142 8735


Sanford C. Bernstein Limited Devonshire House
1 Mayfair Place
London W1J 8SB
Tel: 020 7170 5000
Fax: 020 7170 5001


Soci鴩 G鮩rale SG House
41 Tower Hill
London EC3N 4SG
Tel: 020 7676 6000

3i Group plc 16 Palace St
London SW1E 5JD
Tel: 020 7928 3131
Fax: N/A

UBS Investment Bank 1/2 Finsbury Avenue
London EC2M 2PP
Tel: 020 7567 8000
Fax: 020 7329 8700

Winterflood Securities Limited
The Atrium Building
25 Dowgate Hill
London EC4R 2GA
Tel: 020 7621 0004
Fax: 020 7623 9482

LIBA London Investment Banking Association

http://www.liba.org.uk/

LIBA is the principal trade association in the United Kingdom for firms which are active in the investment banking and securities industry. Its objective is to ensure that London continues to be an attractive location for the conduct of investment banking business.


Members

ABN AMRO Bank N.V.
Altium Capital Limited
Ambrian Partners Limited
Arbuthnot Latham & Co., Limited
Arbuthnot Securities Limited
Arden Partners Limited
Banc of America Securities Limited
Bayerische Hypo- und Vereinsbank AG London Branch
BNP Paribas
Barclays Capital
Bear, Stearns International Limited
Brewin Dolphin Securities Limited
CIBC World Markets
Calyon SA
Cantor Fitzgerald Europe
Cenkos Securities Limited
Citigroup
Close Brothers Corporate Finance Ltd
Collins Stewart Europe Limited
Credit Suisse Securities (Europe) Ltd
Daiwa Securities SMBC Europe Limited
Dawnay, Day & Co., Limited
Deutsche Bank AG London
Dresdner Kleinwort
Evolution Securities Limited
Fox-Pitt, Kelton Limited
Goldman Sachs International
Greenhill & Co. International LLP
HBOS Treasury Services plc
HSBC Bank plc
ING Bank N.V.
Instinet Europe Limited
Investec Bank (UK) Limited
Jefferies International Limited
JPMorgan Cazenove Limited
J.P. Morgan Securities Ltd
KBC Peel Hunt Ltd
Kaupthing Singer & Friedlander Ltd
Landsbanki Securities (UK) Limited
Lazard &Co., Limited
Lehman Brothers
Libertas Capital Group plc
Merrill Lynch Europe PLC
Mizuho International plc
Morgan Stanley & Co. International plc
NCB Stockbrokers Limited
N M Rothschild & Sons Limited
Noble & Company Limited
Nomura Code Securities Limited
Nomura International plc
Numis Securities Ltd
Oriel Securities Limited
Panmure Gordon & Co.
PiperJaffray Ltd
Sanford C. Bernstein Limited
Society Generale
3i Group plc
UBS Investment Bank
Winterflood Securities Limited