In 1985, two years after Australia deregulated its financial system, there was an absence of enterprises focused upon the provision of corporate advice and investment finance within the Australian market. Most financial participants were addressing the newly unlocked potential of global trading and related banking opportunities. This provided the ideal environment for the establishment of an independent investment and advisory house, which would become the forerunner of the Australian independent investment banking sector.
Independent from the diversion of effort and the potential conflicts of interest inherent in the large banks and integrated investment banks, Gresham seized the market gap and assisted major corporations, government bodies and investors expand, re-structure and develop their own business models. This unique opportunity was assisted by the purchase of an existing Australian corporate finance business from one of the well-credentialed UK owned investment banks, at the time of Gresham’s establishment.
The launch of Gresham in November 1985 was made possible through the creation of an enduring partnership between the Principals of Gresham and the diversified Australian conglomerate, Wesfarmers Limited. This relationship to-day, more than 30 years later, continues to provide the stability of Gresham’s ownership in which its key senior executive partners participate, operate and grow the Gresham business and its portfolio of activities.
The development of Gresham since 1985 has reflected the growth and success of the whole Australian economy. The establishment of Australia’s superannuation powerhouse, the impact of all pervasive technologies, the enormous value uplift of commodities and the globalisation of world markets has delivered extraordinary opportunity for business and investors alike. It is in the midst of these significant value shifts that Gresham has been increasingly able to develop its portfolio of corporate and investor engagement and long term trusted relationships.