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Barrenjoey and Jarden’s elephant hunt: the battle for a slice of a small market
['Rebecca Stevenson']
BusinessDesk | NZ breaking news and commentary on business, NZX and politics
While the exits of Silvana Schenone and Dan Reynolds grabbed the headlines, Arie Dekker’s departure from Jarden is seen as a big loss.
(Image: BusinessDesk composite)It began with two big names and ended with a question hanging over New Zealand’s capital markets: is there enough work to support another major investment bank?In the space of a week, Australian investment bank Barrenjoey announced its New Zealand launch, recruited Jarden heavyweights Silvana Schenone and Dan Reynolds to lead the business, and sparked a string of high-profile departures that left its rival scrambling to reassure staff and shareholders.Leaks and counter-leaks wove disparate narratives across the days that followed; Ba...