All articles by Verdict Staff
Verdict Staff
The Carlyle Group and TCW Management complete TCW acquisition
Global alternative asset manager, The Carlyle Group and the management of The TCW Group, a global asset management firm, today announced the completion of their acquisition of TCW from Société Générale, creating an independent firm. As a result of the transaction, TCW management and employees will own approximately 40% of the firm on a fully diluted basis. Financial terms of the transaction were not disclosed.
American Capital Commits $89 Million In The One Stop Buyout Of ASAP Industries
American Capital, Ltd. (Nasdaq: ACAS) (“American Capital”) announced today that in December 2012, it committed $89 million in the One Stop Buyout® of ASAP Industries, LLC (“ASAP” or the “Company”) in a transaction led by Kevin W. Kuykendall, former Managing Director of the American Capital Energy Group, and Miles Arnone, an American Capital Managing Director, under the leadership of Darin Winn, Senior Vice President and Senior Managing Director, American Capital.
Coutts appoints wealth manager at Coutts Leeds office
Coutts has appointed Robin Wright as wealth manager for the ongoing expansion program in the UK.
AXA Wealth supports Lighthouse investment drive
AXA Wealth announces that Lighthouse Financial Advice, the National arm of Lighthouse Group Plc, will use Elevate as one of the platforms to transact all investment business through.
LLB Group expects net profit of CHF98 million for 2012
The LLB Group significantly increased its earnings in the 2012 business year. It expects a net profit of about CHF98 million.
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Citigroup poaches senior private banker from JPMorgan for Florida expansion
Citigroup Inc has appointed the senior private banker of JPMorgan Chase & Co, Luke Palacio, to lead Citi Private Bank’s expansion in South Florida.
BBX Capital Corporation Announces Adoption of Shareholder Rights Plan Designed to Preserve Tax Benefits
BBX Capital Corporation (NYSE: BBX) announced today that its board of directors has adopted a shareholder rights plan aimed at preserving BBX Capital’s ability to utilize available net operating losses to offset future taxable income.
Barclays expands Wealth and Investment Management team
Barclays has hired 16 investment representatives across seven offices in the US as it is expanding the Wealth and Investment Management team.
Guernsey signs DTA with Singapore & TIEA with Brazil
Guernsey has signed a Double Taxation Agreement (DTA) with Singapore and a Tax Information Exchange Agreement (TIEA) with Brazil.
Pension plans, financial institutions unlikely to achieve return targets: Study
Over the next decade, pension plans and other financial institutions are unlikely to achieve their targets of 7% to 8%, according to the 10-Year Capital Market Return Assumptions report by the BNY Mellon Investment Strategy and Solutions Group (ISSG) and BNY Mellon Wealth Management.