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As managing partner of NMS Capital Group, Inc., Trevor M. Saliba performs several roles in overseeing both private equity and merchant banking holdings. As a merchant banker, Trevor Saliba is involved in underwriting, loan services, financial advising, and fundraising.
Merchant banking has a long and interesting history on the global stage. Merchant banking dates back to the late medieval era in the 17th and 18th centuries. The practice started when merchants financed other merchants, but would not take off until the Italian Renaissance. In the 18th century, the merchant banking industry would flourish in the UK after the country would expand and begin trading abroad.
Governments would see the value of the merchant banker in the 18th and 19th centuries. Many countries did not have the budget to fund a war, so merchant banking would be one to raise funds for particular projects (i.e. building railroads). However, the only caveat for the merchant banker is that the banker had to properly assess the property when selling bonds or risk losing money. Then, merchant bankers also risked foreign governments defaulting on their loans.
While the practice would continue into the 20th century, merchant banking would not become a topic in finance in the US until the mid-1980s. The role of the merchant banker would shift where instead of just providing financial advice they would act as intermediaries. Businesses who could not get financing through traditional means (i.e. loan) would seek a merchant banker who would help them raise capital for their venture.
Today, the functions of the merchant banker differ around the world. For example, in the United States, the role of merchant bankers are narrower in focus in that they deal with multinationals and high net worth individuals. In the UK, however, the word merchant banker describes an investment banker.
Merchant banking has a long and interesting history on the global stage. Merchant banking dates back to the late medieval era in the 17th and 18th centuries. The practice started when merchants financed other merchants, but would not take off until the Italian Renaissance. In the 18th century, the merchant banking industry would flourish in the UK after the country would expand and begin trading abroad.
Governments would see the value of the merchant banker in the 18th and 19th centuries. Many countries did not have the budget to fund a war, so merchant banking would be one to raise funds for particular projects (i.e. building railroads). However, the only caveat for the merchant banker is that the banker had to properly assess the property when selling bonds or risk losing money. Then, merchant bankers also risked foreign governments defaulting on their loans.
While the practice would continue into the 20th century, merchant banking would not become a topic in finance in the US until the mid-1980s. The role of the merchant banker would shift where instead of just providing financial advice they would act as intermediaries. Businesses who could not get financing through traditional means (i.e. loan) would seek a merchant banker who would help them raise capital for their venture.
Today, the functions of the merchant banker differ around the world. For example, in the United States, the role of merchant bankers are narrower in focus in that they deal with multinationals and high net worth individuals. In the UK, however, the word merchant banker describes an investment banker.
