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Taubman looks to 2017 for PJT advisory fee growth

Ex-Morgan Stanley banker says long lead-in time for M&A fees mean 2017 is likely to be independent firm's defining period

PJT Partners offices are at 280 Park Avenue
PJT Partners offices are at 280 Park Avenue Photo: iStockPhoto

Paul Taubman, the veteran Morgan Stanley dealmaker, who struck out on his own with independent advisory firm PJT Partners, is eyeing 2017 as the defining period for the firm’s revenue growth after posting its first results since listing on the New York Stock Exchange in October 2015.

At the same time as the listing Taubman merged his business with two entities spun off by investment firm Blackstone - its advisory business and placement agent Park Hill Group. On February 11, PJT Partners published the first quarterly results for the listed group and like-for-like results for the full year.

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