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...The company was the most cash-generative part of the Signa group....
...Creditors of the two most important companies in the bankrupt Signa property group are pushing to oust management and hand over control to independent auditors, over fears their interests are being sidelined...
...Management of the division was taken over by Thomas Coesfeld, the 33-year-old scion of Bertelsmann’s owners, the Mohn family, last year....
...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...offer put to them by management last week....
...He is already proving a valuable addition to the Board and management teams.”...
...Other recent partner-level exits include Solomon’s longtime lieutenant, Jim Esposito, Beth Hammack, co-head of the bank’s financing group and the former head of its consumer and wealth division Stephanie...
...Raiffeisen continued to work on a potential transaction, a sale or a spin-off, which would result in the de-consolidation of Raiffeisenbank Russia from the group.”...
...The company is currently in “self-administration” — a situation in Austrian law where existing management may attempt to restructure a company, with only arms-length supervision by a third-party administrator...
...After a fractious call with Grant Thornton’s management last week, retirees said the sum they were offered was unfairly low, in some cases coming up short by $1mn or more....
...He added that the scandals put “not only TIC’s management and board, but also [Toyota Motor’s] management and board, on notice that Toyota Group is no longer exempt from following guidelines designed to...
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
...And today, under BlackRock’s ownership, it is the world’s leading ETF business, by assets under management....
...Founded more than 40 years ago, Thoma Bravo has nearly $140bn in assets under management and is renowned as one of the world’s leading software investment groups....
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...Its hodgepodge included a legacy talent management agency as well as live events and a mixed martial arts league....
...Apparently, Apollo Global Management has other priorities....
...Petrus Advisers — one of Temenos’ biggest shareholders — on Friday responded by accusing Hindenburg of sloppy research, while using the controversy to double down on its own call for a management change....
...Gunvor’s management practices and corporate culture at the time of the offences was “manifestly insufficient in preventing the realisation of the substantial risks of corruption inherent to the group’s activities...
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...TCI and Pershing Square are the youngest funds on the list, competing with older groups such as Millennium and Citadel, which were founded in 1989 and 1990 respectively....
...During his interview with the FT (February 23), Mondelez chief executive Dirk Van de Put proclaimed that investors do not “morally care” if groups stay in Russia, reducing a diverse and engaged group of...
...The agreement is a big boost to UBS’s ambitions to significantly cut back Credit Suisse’s investment bank as it focuses on building out the combined group’s wealth management business....
...Management of the 116-year-old Berlin institution said that despite booming sales they could not afford to pay rising rents demanded by the Signa Group and the business needed urgent restructuring....
...It “provides a significantly better data point around management’s commitment to deliver cost savings over the next few years”, Erickson added....
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