BOUTIQUE corporate advisory outfit Greenhill Caliburn is to change its name on Monday to reflect its ownership by US investment bank Greenhill.
The Australian part of the name, Caliburn, is to be dropped when the company is re-named Greenhill & Co Australia.
Greenhill bought Caliburn in 2010 in a deal that at the time was valued at about $200 million, to be paid over five years.
The name change brings to an end a proud history associated with the Caliburn name since it was established in 1999.
It provides corporate clients with advice on mergers and acquisitions, restructurings and capital raisings.
In July, the group hired Graeme Samuel , who had recently finished a stint as head of the Australian Competition and Consumer Commission, to run its Melbourne office.
Its profit last calendar year dropped slightly, from $24.2 million to $22.9 million, accounts lodged with the Australian Securities and Investment Commission in May show.
But the adviser dipped into profits held over from previous years to pay its Wall Street parent a dividend of $32.9 million for 2012. A further $3 million in dividends has been paid since the start of the year.