Amid the turmoil of its parent company, AIG's investment arm continues its Asian expansion with the hiring of Michael Chae. The fate of the firm’s substantial private equity and real estate businesses remains uncertain.
2 min read · 22 January 2013
Richard Klapow has left Macquarie Capital’s advisory arm in New York to join Alinda Capital Partners as a managing director, marking the third recent senior executive departure at Macquarie.
2 min read · 22 January 2013
The US alternative asset manager, which has been active in Spain recently, has agreed a joint venture to develop a retail warehouse in Malaga, southern Spain.
1 min read · 22 January 2013
The US firm and its newly installed president, Michael Pralle, has appointed the former head of asset management at Merrill Lynch for its European operation as well as a vice president of risk management in Latin America from GE Capital.
1 min read · 22 January 2013
Global investment bank Houlihan Lokey has added four former JP Morgan real estate investment banking professionals to its business in a bid to expand the firm’s real estate practice. The JP Morgan team helped orchestrate the sale of 650 Madison Avenue to Carlyle and Ashkenazy.
2 min read · 22 January 2013
As part of a frantic weekend on Wall Street, Bank of America has agreed to acquire Merrill Lynch, including its investment management business. A spokesman said it was ‘too early’ to tell whether the deal would include Merrill’s private equity portfolio, or whether it would spin out as an independent firm.
3 min read · 22 January 2013
Wolfhard Leichnitz is to leave the Bonn-based property company and fund manager at the end of the month. The news follows a fall in profits, share price and a cool reception to a decision not to sell its underground oil and gas storage company.
1 min read · 22 January 2013
Lehman Brothers has filed for Chapter 11 bankruptcy protection after failing to find a buyer over the weekend. The failed bank says it is in advanced discussions with a 'number' of potential buyers for its investment management unit, which includes Lehman Brothers Real Estate.
2 min read · 22 January 2013
As the US insurance giant struggles to raise capital, the fate of the firm’s substantial private equity business remains uncertain. AIG Investments has not been placed for sale as part of its parent’s capital raising measures.
4 min read · 22 January 2013
The New York-based firm has hired Gene Wolfson, former head of Citi's distressed equity trading group.
2 min read · 22 January 2013
