Merchant banks have been in existence since the early periods founded by the Italian merchants in Italy. Primarily, their function is providing merchant banking services that include advice and various services to both corporate and individual clients. They work similar to an intermediary firm between capital providers and buyers. The securities that buyers purchase are provided by different companies in order to raise funds or capitals.
Why are these merchant banking firms needed in the market today? The economy has been very volatile since time immemorial. It has suffered unpredictable patterns of unemployment, inflation, depression, stagnation and many more. Many corporations and individual clients have the need to maintain their growth, which is only possible through financial strategies and diversified financial options.
The merchant banking firms are the ones that can provide sustenance to these corporate and individual clients so that their success becomes their success. They also provide workable solutions and financial strategies so that these same clients can flourish. More often than not, their responsibility is more complex and intricate as opposed to regular banking services that we know of today.
One classic and top example of merchant banking firm is the firm where Michael Geffrard worked. They provide sound advice and various services to different clients and of course within a particular rate. Mergers and clients are also given the same services not only corporate ones. Merchant banking firms are able to raise the capital of their clients by acquiring funds.
The firm, where Michael Geffrard worked, acts as an intermediary to those who actually have the funds and those who need these funds for their business. They are able to provide assistance to their clients by various possible financial options and they operate in several countries around the world as well. The reason for their international operation is to provide their clients the means to get in touch to other options.
The most important functions that Michael Geffrard and his firm demonstrate is to help raise funds for their clients and offer sound financial advice on which option is best. They also offer security distribution and aid in project investments made by their clients.
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