Quattrone hands over tech bank reigns

Frank Quattrone is handing the reins of Qatalyst Group to George Boutros, marking a major leadership change at the top of the Silicon Valley boutique investment bank.

USA Today reports that Boutros is taking over as chief executive officer of the tech-focused bank while Quattrone is stepping down to assume the role of executive chairman, Quattrone told USA TODAY this week.

Qatalyst made the announcement to employees and clients on Wednesday morning.

One of the technology industry's biggest deal makers, Quattrone, 60, says he is not retiring, but instead plans to drive strategy and advise clients "which is what I love."

Boutros will assume responsibility for management of the firm and will also continue to advise clients. Boutros, 55, who worked closely with Quattrone during the dot-com boom, rejoined Quattrone at Qatalyst five years ago.

To access the complete USA Today article hit the link below:

Frank Quattrone hands tech bank CEO reins to George Boutros

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