Giuliani Sells Investment Firm
EmailABC News’ David Chalian Reports: As he continues his poll vault to front-runner status and grace news magazine covers, Rudy Giuliani is shedding one of his consulting firm’s largest components. Giuliani Capital Advisors LLC is a boutique investment banking firm that will be acquired by Macquarie Group, a full investment banking firm from Australia.
It was first reported in January that Giuliani was looking to unload his investment banking firm and the news was widely viewed as a direct result of his decision to move forward with a presidential campaign.
"This enables Rudy to continue to focus his energies on his candidacy," said one Giuliani insider.
It also ensures that intense scrutiny of various clients’ activities will no longer be associated with Giuliani as he continues to step up his presidential campaign activity. Financial details of the transaction were not disclosed.
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