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...Weiss said the private credit funds lack the expertise that the banks have in working with troubled borrowers....
...Former UK national security adviser Stephen Lovegrove has joined Lazard as a senior adviser in London....
...It also unlocked a big windfall for the firm’s top ranks, the FT’s Stephen Foley revealed late on Friday, thanks to a $1.3bn debt deal with Apollo....
...He joins from Paul Weiss. Houlihan Lokey has hired Ashish Patel as a managing director in its capital markets group. He previously worked for Deutsche Numis....
...UATX was announced in November 2021 as being “dedicated to the fearless pursuit of truth”, on former New York Times journalist Bari Weiss’s Substack. Weiss, 39, is widely disliked among US liberals....
...Stephen Scherr has stepped down as chief executive of car rental chain Hertz....
...General counsel David Fein also left to join US law firm Paul, Weiss in January, with Sandie Okoro from the World Bank taking over in April....
...Credit Suisse hired law firm Paul Weiss to conduct a review of the failings in 2021, which concluded the losses were the result of a “fundamental failure of management and controls” in its investment bank...
...A year ago, Blackstone’s Stephen Schwarzman even went on NBIM chief executive Nicolai Tangen’s podcast to talk about “what it takes”....
...His investment nous won him admirers among Wall Street royalty including Oaktree Capital Management co-founder Howard Marks and Blackstone’s Stephen Schwarzman....
...But some shareholders have begun voicing similar frustrations, the FT’s Stephen Morris and Harriet Agnew report....
...The team includes global general counsel Diana Weiss and global head of tax Carol Stubbings, according to a person close to the firm with knowledge of the details....
...Stephen Whitfield, partner at Travers Smith, has recent first-hand experience of the many hoops through which private capital lawyers must now jump to get their deals over the line....
...Ropac’s were topped by Robert Rauschenberg’s “Untitled” (1962) for $2mn while Sprüth Magers’ included “The Apparition” (1984), a photograph by Peter Fischli and David Weiss (€65,000), which sold to an Asian...
...weekend essay on whether it is time for a sixth French Republic, and Jemima Kelly’s lunch with Bari Weiss....
...Evercore has named former Goldman Sachs senior banker Stephen Withnell as a senior adviser focused on metals, materials and mining....
...Paul, Weiss, Rifkind, Wharton & Garrison has hired Jarryd Anderson as a bank regulatory partner in Washington, DC. He joins from O’Melveny & Myers....
...A power vacuum has been left in its wake as the firm’s global boss and chief spin-off proponent Carmine Di Sibio prepares to retire next year, the FT’s Stephen Foley and Michael O’Dwyer report....
...Klein has hired law firm Paul, Weiss to be in his corner — known for charging more than $2,000 an hour, and for representing Sam Bankman-Fried in the FTX bankruptcy case....
...“To be able to create such a firm from scratch is a rare accomplishment,” says Antonio Weiss, a former executive at Lazard....
...Brad Karp, chair of the Paul Weiss firm that has long represented Black and Apollo, last year called Manhattan district attorney Cyrus Vance to ask him to open an investigation into an alleged extortion...
...The company also named Stephen Neal, a Silicon Valley lawyer, as FTX board chair. But Neal later said that he had decided to not take the post....
...Shai Weiss, chief executive of Virgin Atlantic“[Prime minister Liz] Truss said she would take difficult decisions upon entering into the role....
...“It’s going to end up in the courts,” said Michael Weiss, chief commercial officer of aircraft asset manager ABL Aviation....
...A damning report by law firm Paul Weiss into the collapse of Archegos found that the trading losses were a result of a “fundamental failure of management and controls” in Credit Suisse’s investment bank...
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