Ask any banker manning the ECM or blocks desk at a bulge-bracket investment bank or stockbroker what they make of Regal Funds’ founder Phil King’s looming exit , and you’ll be hit with a barrage of depressive and nostalgic remarks in equal measure.
The bankers’ responses: it’s a midlife crisis for all of us; he was the No.1 fee-paying client on every institutional broker’s books; King was my first call on ECM deals; no one can take risk like him; and you can’t “learn” what he does – all of which show just how big the 57-year-old has become in the small world of Australian equity capital markets deals.
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