They had both worked with Citibank in the past and had a large number of connections to Hong Kong's business elite including Li Ka-shing, Gordon Wu and Larry Yung.
[2] In 1994, to create an Asian bond market, they hired Andre Lee from Lehman Brothers to head their fixed income department.
Lee, a French Canadian-Korean who grew up within the American military presence in Seoul, was described as a "wild man" and "a salesman who could 'sell snow to the Eskimos.'"
Following the collapse of Steady Safe along with several other losses during the Asian financial crisis, the company lost all liquidity and after unsuccessful negotiations with would-be suitors and white knights, and closed in January 1998.
It delivers integrated investment banking services covering primary and seconding equity fund raising, underwriting and securities brokerages, corporate finance, financial advisory, mergers and acquisitions.