Platinum Equity announced the closing of Fund III with USD 3.75 billion. Global merger and acquisitions firm Platinum Equity announced that it scored USD 3.
Finance/Venture
Deutsche Bank AG announces hiring of Mark Montana
Mark Montana was introduced as Deutsche Bank's new head of equity trading for the Americas. The biggest bank in Germany, Deutsche Bank AG, announced the hiring of Matt Montana to head its equity trading for its asset and wealth management division for the Americas.
Shah to step down from Fidelity Special Situations Fund
After working with Fidelity Special Situations Fund for five years, Sanjeev Shah would step down as manager of the fund according to a statement from Fidelity Worldwide Investment.
Afghanistan gov't looking to privatize Kabul Bank - report
The government of Afghanistan would be looking for favorable bidders for the privatization of the New Kabul Bank.
Aberdeen Asset Management receives a GBP7.2 million fine from city regulator
The Financial Conduct Authority (FCA) fined Aberdeen Asset Management GBP7.2 million for not Financial Conduct Authority (FCA) said that it would impose a GBP7.
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Aquiline Capital Partners and Genstar Capital Management announced that they had closed their acquisition of Genworth Wealth Management in a deal valued at USD 412.5 million.
Sources told Reuters that RHB Bank of Malaysia would poach Maybank's Indonesian unit head Khairussaleh Ramli and appoint him as RHB's new Deputy CEO.
While the terms remained private, Estancia purchases a minority stake in Equinoxe. One of the leading private equity funds that focus on global asset management and other related business industries, Estancia Capital Partners LP, recently announced its acquisition of a minority interest in Equinoxe Alternative Investment Services.
A term sheet seen by Reuters revealed that Bank of America Corp would exit from China Construction Bank Corp by selling shares worth USD 1.5 billion.
Al Baraka Turk bared its plans to issue more than USD 200 million in Islamic bonds late this year or early next year.
A termsheet of the Power Finance Corp showed that the Indian firm would conduct a private placement of tax-free bonds in order to raise INR 1.5 billion.
Kathy Kriskey is RBC Capital Market's new head of commodity investor sales. In an announcement, RBC Capital Markets introduced Kathy Kriskey as its new head of commodity investor sales in New York.
A Wall Street Journal cited sources who told the newspaper that Citigroup Inc. sold over USD6 billion in private equity and hedge fund assets to comply with new regulations on bank's holdings in investments.
Former bankers returned home to Verizon to provide advisory assistance For bankers giving guidance and advice to Verizon Communications Inc, it had been a ten year long wait to be able to formalize the USD130 billion deal to take full control of Verizon Wireless.
