Nonsense - this pathetic excuse for an investment bank bit off far more than they could chew with the purchase of some distressed debt for SGH. This transaction is not referenced in the prospectus.
Their segments do not list debt capital markets individually, it simply falls under corporate advisory services. Again, in the corporate advisory section, they talk about "examples of transactions" not material, signficant, relevant or large transactions. They are showcasing their best of the best historical deals. A typical investment bank ploy for cherry-picking results and survivorship bias....
Investment banks exist to serve their employees... much like a footy team exist to serve its players. Oh, wait isn't the CEO Andrew Pridham also the Chairman of the Sydney Swans? fitting, to say the least....
