http://www.reuters.com/newsArticle.jhtml?type=domesticNews&storyID=6966330NEW YORK (Reuters) - Former New York City Mayor Rudolph Giuliani, who made headlines in the 1980s prosecuting Wall Street financiers, now plans to join the club and build an investment advisory practice.
Giuliani's consulting firm on Wednesday said it purchased accounting firm Ernst & Young's investment banking practice for an undisclosed price.
The new investment bank, Giuliani Capital Advisors LLC, will advise companies on deals such as acquisitions and restructurings.
The Ernst & Young investment banking unit, Ernst & Young Corporate Finance LLC, has executives and staff in six U.S. offices.
Steven Oesterle, managing director at Giuliani Partners since Jan. 1, 2003, will be chairman and chief executive officer of Giuliani Capital Advisors. Oesterle is a former vice chairman of Ernst & Young LLP.
This is not Giuliani's first trip to Wall Street
...more...