capital-markets
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SunGard Financial made the trade only the beginning
A deal takes a moment. Making its numbers agree takes an industry. SunGard built software for that second job, then became part of FIS in a $9.1 billion transaction.
Finsight Group makes the deal behind the deal
Before a bond reaches an investor, somebody has to make the paperwork work. Finsight Group built a business around that overlooked job - and is moving deeper into the numbers.
Joacim Wiklander’s long game in a market measured in microseconds
From trading software in Stockholm to the leadership of Cboe Canada, Joacim Wiklander has worked on the rules and systems behind the trade. His career follows a challenger exchange through growth, integration and a prospective change of ownership.
Texas Capital learned to sell more than money
A failed merger left Texas Capital with a choice. Its answer was a four-year rebuild designed to keep a growing company’s financial life under one roof.
Willy Walker and the art of outgrowing your name
He returned to a business with his surname on the door and something to prove. Two decades, a public listing and 300 webcast episodes later, Willy Walker is asking different questions about ambition.
Moelis & Company sells the hardest call.
A young bank hired restructuring specialists before the 2008 crash. Its story explains the appeal of independent advice - and the cost of waiting for deals to close.
David Kimball and the art of staying upright
After two decades at Ford and USAA, David Kimball joined Prosper just as marketplace lending lost its footing. His answer was to make growth sustainable - and give the business time to find its balance.
Hilltop Holdings bought a different future
A manufactured-home landlord became a Texas bank, a national mortgage lender, and a municipal finance house. The interesting part is how those businesses behave when money gets expensive.
Wassim Al-Khatib and the value of staying in the room
Before leading Lazard’s MENA advisory business, Wassim Al-Khatib had to decide whether his own division had a future. His career traces the patient work behind Saudi Arabia’s public-market ambitions.
NYSE and the value of a human in the loop
When the trading floor went quiet in 2020, the market kept moving. What disappeared helps explain what the New York Stock Exchange actually sells.
Jeff Hanson and the people who stayed
The companies changed names. The partnership kept going. Jeff Hanson’s route to the CEO chair at American Healthcare REIT runs through a $4 billion sale, a three-way merger, and decades of building with the same partners.
Oppenheimer’s real asset is the relationship.
A company sale can turn an entrepreneur into an investor overnight. Oppenheimer has built a business on being useful on both sides of that moment.
Kevin McCrain and the name that never left
GGP got its old name back. Its CEO, Kevin McCrain, is making a longer bet: that a well-chosen place still earns a place in people’s lives.
Farmer Mac makes room for the next loan
A local lender knows the farmer. Farmer Mac knows how to keep the money moving. Inside the secondary market connecting rural America to Wall Street.
Yahav Yulzari and the second life of number 22
Before he co-founded Pagaya, Yahav Yulzari kept goal. His next career took him through London property deals and into American credit, where a useful model still needs someone to bring the team together.
Pagaya gives the bank’s “no” a second look.
A rejected loan application can still be a business opportunity. Pagaya built a network that lets lenders reconsider the borrower, keep the relationship, and find someone else to fund the loan.
Michael Gideon and the work before the bell
Before becoming Ladenburg Thalmann’s co-CEO, Michael Gideon spent years making trading operations work. His career runs through order flow, system conversions, a new index business - and a New Jersey fire company.
Stephen Zsigray and the art of buying time
He came to hotels through trading desks and digital keys. At Ashford Hospitality Trust, Stephen Zsigray is working through a harder calculation: how to make room for growth while paying for the past.
Christopher Abate and the House That Moved Out of Reach
Growing up in suburban Michigan, Christopher Abate expected adulthood to come with a home. At Redwood Trust, he is working on the complicated financial machinery behind that increasingly expensive expectation.
Tristan Edwards and the business of getting ideas off the ground
After a career across the world’s financial markets, Tristan Edwards began building companies around research. His next chapter brought shared resources, a change of CEO, and an Australian question: who gets to develop an idea after it leaves the university?
John R. Exley III and the business of being noticed
After a career inside brokerage firms, the Acorn Management Partners founder turned to the companies struggling to get a hearing. His method begins with the financial professionals who already have investors on the line.
Walker & Dunlop: The business after the handshake
A property deal ends with a signature. Walker & Dunlop built a business around what happens next - and a $145.8 billion loan servicing portfolio shows why that matters.
Piper Sandler’s bet on knowing more.
From teenage shopping habits to bank mergers, Piper Sandler turns specialist knowledge into a business. Its most revealing move was deciding what to stop doing.
Lisa Palmer and the home-field advantage
The Regency Centers CEO spent years learning how places work. Her longest-running investment began on a Virginia softball field, with her mother watching from the sidelines.
Adam Carmel and the price of a simple answer
Running Ethos Lending taught Adam Carmel how much work hides inside a mortgage quote. At Polly, he has spent seven years trying to give lenders an answer they can use before the month is over.
Moira Conlon and the Trouble with Being Understood
She started Financial Profiles in 2007, just as the markets were about to test everybody’s story. Nearly two decades later, Moira Conlon is still asking whether the message in the boardroom survives the trip to Wall Street.
Stephen Murphy: the bank comes back
He spent years building technology inside banks, then a decade persuading them to build with Genesis. With Promenaut, Stephen Murphy has returned to a familiar customer - and a familiar question about how work gets done.
Zack Carpenter and the money that has to keep moving
Before becoming Farmer Mac’s CEO, Zack Carpenter helped extend its reach into renewable energy, broadband, and agribusiness. His next assignment is to keep credit moving through a rural economy that rarely moves in unison.
Chad Abraham and the art of staying put while moving a bank forward
He joined Piper as an analyst in 1991. Decades later, Chad Abraham is still there, building a different firm through specialist teams, acquisitions and a belief in the people who come with them.
Ladenburg Thalmann sells access. The rest is history.
A $13,550 exchange seat helped open the door in 1879. Today, Ladenburg Thalmann connects growing companies with capital by knowing the business on both sides of the trade.