Hints and tips:
...Talks with Mr Kelly broke down several days ago, in part because of Mr Kelly’s perception that the board was divided between two camps, one which wanted an insider and one which wanted an outside candidate...
...As part of the changes, Ned Kelly, head of Citi’s alternative investment unit, becomes head of its investment bank and corporate bank, under Mr Havens....
...“The dislocation in the mortgage industry generates distress, which historically has created opportunities,” said Ned Kelly, co-head of Carlyle’s financial services team....
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