Quattrone to step down as CEO of investment bank Qatalyst

Investment banker Frank Quattrone | REUTERS/Michael Fiala

Frank Quattrone, the Silicon Valley investment banker synonymous with several technology deals, is stepping down as chief executive officer of his boutique advisory firm Qatalyst Partners, the company said in a statement on Wednesday.

Quattrone, 60, will become executive chairman and will continue to work with clients. At the same time, it was announced that George Boutros, 55, a former Credit Suisse Group AG banker who joined Qatalyst in 2010, will take on Quattrone‘s former role as CEO of the firm.

A top investment banker in the 1990s, Quattrone took some of the biggest names in technology public, including Amazon.com Inc and Cisco Systems Inc. He worked at Morgan Stanley, Deutsche Bank and Credit Suisse before founding his own firm in 2008.

“I believe now is the right time to implement a new leadership structure designed to ensure that the firm will continue as the leading independent advisor to the technology industry for the long term,” Quattrone said in the statement.

The bank also promoted bankers Jason DiLullo and Jonathan Turner as co-presidents of the firm. DiLullo will be in charge of the semiconductor, communications and storage groups while Turner will oversee the consumer technology and software groups.

In 2003, Quattrone was accused of obstructing justice after charges related to an investigation of IPO kickbacks. Four years later, after two trials failed to resolve his case, charges were dropped against him.

Qatalyst is one of several boutique investment banks, such as Moelis & Co, Evercore Partners and Centerview Partners, that have been encroaching on the investment banking turf of bulge bracket firms such as Goldman Sachs and Morgan Stanley.

In recent months, Qatalyst has been an active adviser on semiconductors deals, one of the busiest areas of technology M&A. It recently served as adviser to Atmel Corp, which agreed to be sold to Microchip Technology Inc earlier this month. Last year, it advised KLA-Tencor on its $10.6 billion sale to Lam Research ,and also advised PMC Sierra on its sale to Microsemi Corp.

Overall, Qatalyst has worked on 90 transaction totaling more than $165 billion in the past eight years.

Qatalyst also said on Wednesday that bankers Marcie Vu and James Kim will lead the consumer technology group, and Adam Howell will lead the semiconductor group. Adam Holt will stay in his role as head of the software group, and Nadir Shaikh will lead the communications and Storage Group.

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Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.