Advice Quote by Ken Moelis
“I don't want to pick on Deutsche Bank, but I think the world of the regulated financial conglomerate, it is a strange thing. There is nothing in common between writing checks and running branch offices, issuing credit cards - those are good businesses, but they really have zero in common with M&A advice. They're a different customer.”
About This Quote
Source Interview: Financial Times, 2023
He distinguishes regulated banking services from M&A advice, noting they serve different customers.
In simple terms: Banking services differ from M&A advice.
Key Takeaway
Recognize distinct market segments.
Themes
finance
segmentation
strategy
Mood
analytical
professional
Type
strategic
educational
When to use this quote
- banking
- investment banking
- corporate finance
Key Concepts
business models
customer differentiation
Questions to Reflect On
- What defines a financial service?
- How do banks diversify?
A Different Perspective
May overlook overlaps in expertise.
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