November 1, 2008
The bank, which is owned by the Larrain Vial family and a partnership, has 19 partners involved in investment banking, advisory and fund management activities. By world standards, in terms of its size, it would be classed as a boutique. But by Chilean levels, it is really a fully-fledged investment bank, says José Miguel Barros, partner and director of corporate finance.It is never good news to see people losing money and competitors having hard times. However, if we look at it from a selfish point of view, we have to say that it is good for us. We will have less competition from foreigners, as international investment banks will be more focused on their local markets.The ba
Larrain Vial, one of Chile’s most active investment banks, believes it will fare well after the recent turmoil on Wall Street, which should diminish competition. And it does not think the reputation of investment banking generally has been tarnished.