Greenhill CEO: Trend Towards Smaller Firms for M&A

The transcript discusses the shift in client preferences from large banks to smaller firms, highlighting a significant increase in advisory revenue. It covers the Tesco Booker deal and the optimistic outlook for 2017 despite uncertainties in government policies. The discussion also touches on market reactions to the Trump administration, the potential for trade wars, and the impact of market sentiments on valuations. Finally, it examines the interest in cross-border transactions and the business environment.

What trend is observed in client preferences according to the first section?

• Clients are moving towards larger banks.

• Clients prefer smaller firms over big banks.

• Clients are investing more in real estate.

• Clients are avoiding financial advisors.

What is the general sentiment about 2017 despite uncertainties?

• Concerned about rising inflation.

• Pessimistic due to government policies.

• Optimistic despite uncertainties.

• Neutral with no significant changes expected.

How are companies reacting to the pro-business environment in Washington?

• They are hesitant to make deals.

• They are focusing on cost-cutting.

• They are actively engaging in deals.

• They are relocating to other countries.

What is the market's perception of potential trade wars?

• Markets are indifferent to trade policies.

• Markets expect severe trade restrictions.

• Markets are highly concerned about trade wars.

• Markets believe trade wars are unlikely.

What is the current trend in cross-border transactions?

• There is a decline in cross-border interest.

• Cross-border transactions are stable.

• There is a strong interest in cross-border deals.

• Cross-border deals are being avoided.