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Cambodian investment firm hires new finance vet

Cambodian investment firm hires new finance vet

Photo by Hong Menea/ Phnom Penh Post

Jack Slattery, head of corporate finance at Cambodian Investment Management.

Long-time wealth management specialist Jack Slattery has joined Cambodian Investment Management as head of corporate finance.

Slattery, 52, is originally from New York and spent five years working for investment bank Salomon Brothers. In his new role, he joins Managing Director Anthony Galliano, a columnist for the Post, to help companies find loans for expansion and consult them on possible IPOs on Cambodia’s new CSX stock exchange.

“Right now we’re working with a plantation group and a luxury resort group,” Slattery said. Slattery met Galliano at a networking event and discovered that both had attended Catholic high schools in New York, Galliano from Brooklyn and Slattery from Washington Heights.

“Anthony was a career Citibank man, and I used to work with Salomon, which got acquired by Citibank, so we had a lot in common,” Slattery said.

“Between the two of us we have well over 40 years experience in this field.  We’ve been in Asia a long time and we know the region and the market places, the mindset and the cultures.  Between all his experience and mine, and we think we have something to offer for new business growth, with an eye on potential listing on the stock exchange,” Slattery said.

For companies interested in listing their companies on the CSX, Slattery said he and Galliano would help with pre-IPO activities, advising on corporate strategy.

“We are going to help with the securities and regulatory environment, filings, licences, and to some extent the very bare-bones legal aspects of it, take a look at your balance sheet and make sure that it is in the right place and make sure you’re strong enough to execute an IPO,” Slattery said. “Once you decide you want to sell stock, you become a public company, if you expect others to invest money; they have to know more about your company that wants to go from private to public has to go through disclosure.”

Slattery says he expects banks, telecommunications companies and manufacturers, including those in the garment business, would be IPO candidates.

Licensed in US securities trading, he moved to Hong Kong in 1994 to set up online trading firm Instinet.

“We negotiate a percentage fee based on the size of the deal, and we take a working fee up front to cover our costs to do the project for however many.”


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