Paul Mullaney was named new managing director of underwriting by Pembrook Capital Management. Pembrook Capital Management, a venture capital firm targeting the real estate sector, announced today that Paul D.
Firm Management
Apple cuts budget for retail store supplies by 30%
Apple lessened its budget for retail store supplies like pens and papers by 30% and reduced costs for employee trainings.
UPDATE: Leiderman withdraws from Bank of Israel race
Leo Leiderman removed himself from the race for the new governor of the Bank of Israel. Leonardo Leiderman removed himself from the list of possible candidates to become the new head of Bank of Israel.
Tim Lee sits as chairman for GM’s Chinese unit
General Motors Co appointed Tim Lee as the new chairman of its Chinese unit as it gears up for expansion in its largest single market.
Barclays’s Donini to step down from office
Barclays Plc's COO Jerry Donini will step down from office making him the last of former CEO Robert Diamond's management team to leave the investment lender.
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Ross McEwan, the new CEO for the Royal Bank of Scotland, was tasked to start selling bank stake once he comes to office in October.
The managed assets of the largest publicly-traded hedge fund in the world shrunk by as much as USD 52 billion in the first half.
Intelligent Global Pooling Systems agreed to sell the company to iGPS Logistics for an undisclosed amount.
Insight Venture Partners, Accel Partners and OMERS Ventures invested a total of US$165 million in social relationship platform HootSuite.
Sentinel Capital Partners closed its largest fund to date with US$1.3 billion. Private equity firm Sentinal Capital Partners completed its fifth fund, Sentinel Capital Partners V L.
Information provider Thomson Reuters appointed retired London-based lawyer Steve Turnball as member of its board of directors.
Construction equipment company Blackhawk Specialty Tools received growth investments from Bain Capital and a few of the management earlier today.
Pharmaceuticals companies PharmAthene and Theraclone Sciences agreed to merge for expansion of drug research and development.
Former Eye Corp. vice president Michelle Schiano joined Kinetic Social's management team. Mobile advertisement technology specialist Kinetic Social announced Thursday that Michelle Schiano was appointed as the new executive vice president of marketing.
