Boutique Banks

A boutique bank is a type of investment bank that specialises in a specific sector of investment banking

Differences...

A boutique bank offers more personalised and specialised services compared to the major investment banks. This is mainly due to them being smaller in size and only operating to fewer clients. Some key characteristics of a boutique bank are listed below.

Specialised

They often specialise in specific areas of finance, such as mergers and acquisitions (M&A) or corporate finance. This allows them to provide highly tailored services to their clients.

Personalised

As well as specialisation, they focus on personalisation, typically working with a smaller number of clients and provide customised financial solutions to meet their unique needs.

Client Relationship

Their personalised approach leads to a requirement for stronger client relationships because it can lead to a deeper understanding of the client's financial goals and more effective financial solutions.

Niche Market

These banks often work in specific industries such as the technology, healthcare, or real estate sectors.

Culture

Boutique banks tend to have a more entrepreneurial and collaborative culture compared to larger banks. This is optimal for professionals who prefer working in smaller teams and taking on more responsibility.

Examples of Boutique Banks

Listed below are four boutique banks with their specialisations, employee count and revenue

Evercore

M&A advisory services, restructuring, and capital raising.
2245 employees
$3.29 billion (revenue)

Lazard

M&A advisory, restructuring, and asset management services.
3402 employees
$2.86 billion (revenue)

Greenhill & Co.

M&A advisory and restructuring services, with a focus on providing independent advice to clients
364 employees
$258 million (revenue)

Houlihan Lokey

M&A advisory, financial restructuring, and valuations
2610 employees
$1.81 billion (revenue)

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