Firm Volcker Advises Joins Venture With Bank in Japan
James D. Wolfensohn Inc., the investment bank that landed former Federal Reserve Chairman Paul A. Volcker as a consultant when he left the Fed, said Monday that it has joined with another powerful partner, Japan’s Fuji Bank, to advise Japanese and U.S. companies on mergers.
The new firm, Fuji-Wolfensohn International, will be a joint venture launched with initial investment capital of $55 million, $52.5 million of it from Fuji, the world’s second-largest bank with assets of $345 billion.
Volcker said he will take an active role in the new joint venture and plans a trip to Japan in the near future.
In an interview, Volcker said most of the advice dispensed by the firm will be to Japanese firms attempting to expand in the United States.
“I’d like to give more to the Americans, but that may be more of an uphill battle,” the former Fed chairman said.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
