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Banking switch. (Wall Street West).


Roy Salter, who left investment bank Houlihan Lokey Howard & Zukin after spending the past 15 years heading its entertainment and media group, has created his own independent financial and strategic consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee
consulting company

business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a
.

The Salter Group, with about 10 employees, will advise private equity funds, investment banks The following is a list of investment banks Financial conglomerates
Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance.
 and corporations on a variety of areas, including identifying deals and analyzing brands. Parts of the business will focus on music royalty administration and the forecasting of intangible assets.

The parting from Houlihan Lokey was amicable.

"There are a lot of friendships that go back a long way," Salter said.

Salter said his decision to branch out on his own arose out of the conflict between advising companies on transactions and the built-in incentives to drum up investment banking fees. The new firm is currently looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 office space on the Westside.

Meantime, Houlihan Lokey acquired three veteran media and entertainment executives to fill the void. Gary Adelson, Tracy Dolgin and Jon Richmond, founders of Los Angeles-based Media Connect Partners, joined the firm as managing directors heading the media and entertainment investment banking group.

Their arrival comes as the media and entertainment banking activity is expected to increase with restructurings, divestitures and mergers.

Adelson, a former Hollywood producer whose credits include "Dallas," 'The Waltons" and "Eight Is Enough," was a former managing partner at EastWest Venture Group. He also is former chairman of ICS (1) (Internet Connection Sharing) A Windows feature that enables two or more computers to share one Internet connection. First introduced in Windows 98 Second Edition, sharing is accomplished with network address translation (NAT), which is the common method.  Communications Inc., a private Dallas-based provider of cable TV and phone service.

Dolgin, a long-time Fox Sports Net president, also served as chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 of Fox Liberty Cable, executive vice president for marketing at Fox Sports and as senior vice president of marketing for HBO Hyperbaric oxygen therapy (HBO)
A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber.

Mentioned in: Ozone Therapy
 Video.

Richmond, a former president of News Digital Media, the digital arm of News Corp., built Fox Interactive into a large publisher of electronic video games See video game console. . He is a former senior vice president of Walt Disney Attractions, and a former vice president of Disney-MGM Studios Europe.
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Article Details
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Author:Berry, Kate
Publication:Los Angeles Business Journal
Date:Jun 16, 2003
Words:322
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