New Australian Boutique Fund Launched By Former Goldman Bankers - Report

Vanessa Doctor

5 November 2009

Three former Goldman Sachs Australia bankers have launched a new boutique advisory firm that seeks to capitalise on Australia's swift recovery, Reuters reports.

Alastair Walton, Andrew Stuart, and John Anderson, formerly partners and managing directors at Goldman Sachs JBwere, are joined by ex-Australian Treasurer Peter Costello in establishing BKK Partners, the advisory firm.

In an interview with the publication, Mr Walton, the chairman of BKK, said that they are open to deals with several large companies, like banking, although he did not give details on specific target partners.

BKK's first foray into the industry was its advisory role on National Australia Bank's recent purchase of an 80 per cent stake in Goldman Sachs JBWere's private wealth management unit.

"We really want to target several key clients and work with them right through as their private advisors," Mr Walton was quoted to have said.