Archives for March 2014

Ares Management files for IPO – Fortune (blog)

Ares preps first IPO for a private equity firm in nearly two years.FORTUNE -- Ares Management this afternoon filed for an IPO, setting it up to be the first private equity firm to go public since The Carlyle Group (CG) did so back in May 2012. The filing suggests that the Los Angeles-based firm plans to raise ...

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Former Citi Chair: 'Management Turmoil,' Complexity Behind Problems – Wall Street Journal (blog)

BOSTON—The former chairman of Citigroup, Inc. gave an unsolicited diagnosis of the bank’s problems Monday, saying complexity and “managerial turmoil” were likely contributors to its failure in last week’s stress test.Getty ImagesJohn Reed, who left Citi in 2000, said he had no special knowledge of the bank’s situation beyond press reports. But he surmised that ...

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MOVES- Citi Private Bank, BNY Mellon, CIBC – Reuters

(Adds BNY Mellon, Canadian Imperial Bank) (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email to moves@thomsonreuters.com.CITI PRIVATE BANKThe Citigroup Inc unit, which markets private banking services to wealthier clients, said that Boris Espinoza joined its Miami office as a director and ultra high net worth private banker. Espinoza ...

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Conning to Acquire Brookfield's Insurance Asset Management Business – Insurance Journal

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Article CommentsHartford-based  insurance asset management firm Conning, Inc. said it has agreed to acquire certain assets of Brookfield Investment Management Inc.’s core fixed income insurance. The investment team currently managing these assets will join Conning in a newly formed Manhattan investment office, thud clients will have with continuity in the management of their portfolios, the company said. Financial ...

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Morgan Stanley Executive to Join Litigation Finance Firm – New York Times

William H. Strong will become chairman of Longford Capital.

William H. Strong will become chairman of Longford Capital.A senior executive at Morgan Stanley is preparing to join the field of litigation finance, a young industry in which investment firms stake millions on the outcome of lawsuits. The executive, William H. Strong, co-chief executive of Morgan Stanley’s operations in the Asia-Pacific region, whose retirement was announced ...

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What's A Good Business To Start? – Forbes

It is always a good time to start a business. In fact, highly successful businesses have been started in both the best and worst of economic times. The question that arises, though, is what business to start. Interestingly, my criteria (listed below) for the right choice of business is pretty much the same as my checklist ...

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Are You Tracking the Right Business Metrics? – Forbes

This time of year, the bottom line many business owners are most concerned about is the one showing whether they owe taxes or are getting a refund. But as you finish your return or meet with your accountant to go over your tax return for the past year, it’s a good time to learn more about ...

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MOVES- Citi Private Bank, HSBC Global Asset Management, Berenberg – Reuters

(Adds Citi Private Bank, Pinebridge Investments) (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email to moves@thomsonreuters.com.CITI PRIVATE BANKThe Citigroup Inc unit, which markets private banking services to wealthier clients, said that Boris Espinoza joined its Miami office as a director and ultra high net worth private banker. Espinoza ...

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MOVES- HSBC Global Asset Management, Berenberg, Waverton, Newedge – Reuters

(Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email to moves@thomsonreuters.com. HSBC GLOBAL ASSET MANAGEMENTThe asset management company said it appointed Nacho Font to its smart beta investment team. Font joins from Japanese asset manager DIAM International, where he was a business development manager and equity product specialist.HSBC Global ...

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Leapfrog invests $29 million in IFMR Capital Finance – Economic Times

Madhav ChanchaniMUMBAI: US-based Leapfrog Investment has bought a minority stake in financial services provider IFMR Capital Finance for $29 million (Rs 174 crore).IFMR helps microfinance firms, small businesses, affordable housing companies and commercial vehicle financiers raise money on the debt markets.The non-banking finance company raises debt financing for these companies in these segments through a ...

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