31. Cornelius Berenberg was the first to engage in merchant banking . 32. Merchant banking deals are driven by a variety of motives.33. In 1920, he established the merchant banking firm Goschens and Cunliffe with Lord Cunliffe. 34. The company also recorded $ 129 million in revenue from its merchant banking business. 35. Johnson is vice president of a merchant banking firm. 36. Before joining the firm, he led the investment and merchant banking operations for Prudential Securities. 37. Hanwha Merchant Banking Corp . just became the target of South Korea's first hostile takeover. 38. Its merchant banking revenues rose 83 percent last year to $ 71 . 5 million. 39. New York-based Lehman will handle the sale through its Lehman Brothers Merchant Banking Group affiliate. 40. SEB aims to expand outside Sweden into retail distribution and merchant banking in northern Europe.
