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Salomon Brothers Alumni Tap Storied Firm’s Legacy in Revival

  • Investment bank targets New York State middle-market firms
  • Intent is to hire hundreds of staff in the coming years
The trading floor at the Salomon Brothers, Inc investment bank in Manhattan, in 1986.
The trading floor at the Salomon Brothers, Inc investment bank in Manhattan, in 1986.Photographer: Yves GELLIE/Gamma-Rapho/Getty Images

The successes of Salomon Brothers bankers -- along with their excesses -- were once synonymous with Wall Street, as depicted in the books “Liar’s Poker” and “Barbarians at the Gate.” Now a group of former employees is reviving the storied name, hoping to use it as they ramp up a new firm.

The “full-service investment bank” will cater to businesses in New York State seeking $3 million to $300 million in equity capital, the company said in a statement. The firm said it intends to hire hundreds of staff in the coming years.