Top Investment Banking News for 04/28/2009



New UBS reshuffle claims investment banking head
ZURICH, April 27 (Reuters.com) - UBS on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald Gruebel's resolve to stem persistent losses. See more here: ...

Capital Needs May Be Least Of BofA's Lewis' Worries - Barron's Blogs

guardian.co.uk
Capital Needs May Be Least Of BofA's Lewis' Worries
Barron's Blogs
CalPERS joined fellow California pensioner Calstrs as well as TIAA-Cref and other BofA stakeholders in voting against Lewis in an opposition movement directed by CTW Investment Group. Several of the pension funds have criticized the failure of BofA .
Video: Inside Look - Ken Lewis's Obligation - Bloomberg Bloomberg
Blundering herd: Dark days at Merrill Lynch guardian.co.uk
Bank of America's Ken Lewis battles for job Muckety
WFAE.org - USA Today
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What Investment Banks Do
Investment banking is a dynamic industry characterized by flux and transformation. Financial instruments have grown more complex as financial intermediaries have become more competitive. Blizzards of innovative instruments have swept ...

[招聘] UBS（瑞）2008校园招聘 - 网 - statical - '博
2008 UBS Securities Investment Banking Summer Associate Program, China, Beijing, Investment Bank, Investment Banking Department, Investment Banking Department, Internship MBA, 08-Dec-2007. 2008 UBS Securities Investment Banking Summer ...

Fortis Hires Citi's Elkhouly as an Investment Manager - Wall Street Journal

Fortis Hires Citi's Elkhouly as an Investment Manager
Wall Street Journal
Before Citigroup, Mr. Elkhouly spent 10 years at Bechtel Group Inc.'s investment-banking operation. In his new role, Mr. Elkhouly will manage the fund's portfolio, as well as origination and fund-raising, according to a release from Fortis. .
Fortis Picks Infrastructure Chief Global Money Management
Infra PR: Infrastructure hire for Fortis Investments IJ Online (subscription)
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Malaysia to let foreigners hold up to 70 percent of insurers . - Los Angeles Times

BBC News
Malaysia to let foreigners hold up to 70 percent of insurers .
Los Angeles Times, CA
PUTRAJAYA, Malaysia (AP) EUR Malaysia announced Monday it will let foreigners hold a majority stake in insurance companies and investment banks, while five more foreign banks will be allowed to operate by 2011 in major steps toward financial .
Malaysia Retools Finance Wall Street Journal
Liberalised financial sector welcomed Malaysia Star
FACTBOX-Malaysia's financial sector liberalisation Reuters
The Malaysian Insider - Malaysia Star
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New UBS reshuffle claims investment banking head (Washington Post)
ZURICH, April 27 (Reuters.com) - UBS on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald Gruebel's resolve to stem persistent losses...

FOXBusiness: UBS Investment Banking Chief Quits (Fox News)
LONDON -- Swiss bank UBS said Monday that Jerker Johansson, the CEO of its investment banking arm, has resigned with immediate effect. The bank said Johansson will be replaced by Alex Wilmot-Sitwell and Carsten Kengeter, who will be co-CEOs of the division...

Global changes focus after losses - The National

AFP
Global changes focus after losses
The National, United Arab Emirates
At the end of last year, Global had made 45.2m dinars on its investment banking, asset management and brokerage arms, but still took a 257.6m dinar overall loss for the year because of declines in the value of investments that the company made on its .
Investment banking fee rise fails to bolster Kuwaiti bank Financial News (subscription)
Global FY '08 Net Loss KWD257.6M Vs KWD91.4M Pft Zawya
Global reports the first loss in its history but continuing . Zawya
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Investment | UBS names co-CEOs of investment banking unit .
UBS names co-CEOs of investment banking unitReutersN) on Monday named Alex Wilmot-Sitwell and Carsten Kengeter as co-chief executives of its investment banking unit. They will replace Jerker Johansson, who joined UBS in March 2008 and ...

NH banking dept. sues former investment company (Boston Globe)
New Hampshire's banking commissioner is suing the officers and directors of a former investment company accused of losing $15 million of their clients' money...

US HOT STOCKS: Bank Of America, Seaspan, Office Depot, Parexel - Wall Street Journal

US HOT STOCKS: Bank Of America, Seaspan, Office Depot, Parexel
Wall Street Journal
Deutsche Bank AG (DB, $52.95, -$2.53, -4.56%) reported it swung to a first-quarter net profit of EUR1.19 billion, as overall net revenue rose and its investment bank posted strong results. Shares fell as Chief Executive Josef Ackermann said it's "too .
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Boenning & Scattergood Adds Managing Director in Investment Banking to Enhance Growth Initiatives (Business Wire via Yahoo! Finance)
WEST CONSHOHOCKEN, Pa.----Boenning & Scattergood, Inc., an independent securities, asset management and investment banking firm headquartered in the Mid-Atlantic region, announced that James Ramp has joined the investment banking team as a managing director...

MOVES-Cowen, Sagent, Blackstone, Moelis - Forbes

MOVES-Cowen, Sagent, Blackstone, Moelis
Forbes, NY
Switzerland's largest bank by assets named Alex Wilmot-Sitwell, a veteran UBS banker to replace the head of its troubled investment banking unit, Jerker Johansson. The provider of international asset management services named Roy Tashi as executive .
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Morgan Joseph Expands Healthcare Investment Banking Effort, Names Daniel H. Davidson a Director in Healthcare Group (Business Wire via Yahoo! Finance)
NEW YORK----Morgan Joseph & Co. Inc., today announced the appointment of Daniel H. Davidson as a Director in the firm's Healthcare Investment Banking Group. Mr. Davidson has 14 years of experience covering various healthcare services sectors, and his appointment is the latest in a series of new hires to support the continued growth of the Firm's Healthcare franchise, which is headed by Marc A...

Credit Suisse's Zhu Said to Start Private-Equity Firm - Bloomberg

Credit Suisse's Zhu Said to Start Private-Equity Firm
Bloomberg
Zhu's departure comes after those of three other senior Credit Suisse executives in Asia-Pacific since February, including Paul Raphael, former head of investment banking in the region. EURPrivate equity offers better compensation in the longer term and .
Credit Suisse's Private Equity Conference Draws Record Attendance . Earthtimes (press release)
Credit Suisse China head leaves to launch private equity firm Private Equity News
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First Community eyes investment banking | Opalesque Islamic .
The fully-fledged Islamic bank said it has applied to the Capital Markets Authority (CMA) for an investment banking licence to tap deals in Islamic structured finance, issuing of bonds and overseeing mergers and acquisitions. ...

UBS investment banking chief resigns Finance Yard
Swiss bank has now been overtaken by Credit Suisse as the country's biggest after its investment bank again drove it into a first quarter loss of Sfr2bnSwiss...

NH banking dept. sues former investment company (WCAX-TV Vermont)
Associated Press - April 28, 2009 4:25 PM ET CONCORD, N.H. (AP) - New Hampshire's banking commissioner is suing the officers and directors of a former investment company accused of losing $15...

UBS Investment Banking Chief Steps Down (Fox News)
UBS Investment Banking Chief Steps Down..

Boenning & Scattergood Adds Managing Director in Investment . - Business Wire (press release)

Boenning & Scattergood Adds Managing Director in Investment .
Business Wire (press release), CA
He will focus on initiating and executing investment banking transactions as well as expanding and strengthening relationships within the energy/alternative energy and consumer sectors. Mr. Ramp brings to Boenning & Scattergood more than twenty years .
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Hiring: Investment Banking Summer Internship - New York, NY
Investment Banking Summer Internship - New York, NY Description: NYC based investment bankis seeking highly motivated individuals for its summer internship program. Interns will call prospective clients, arrange intervi...

UBS replaces investment banking boss (Independent)
UBS has replaced its investment banking chief after just a year and split the role into two, as its new chief executive, Oswald Grübel, looks to make his mark at the beleaguered Swiss group...

UBS investment banking chief steps down - MarketWatch

Daily Mail
UBS investment banking chief steps down
MarketWatch
By Simon Kennedy , , ) said Monday that Jerker Johansson, the CEO of its investment banking arm, has resigned with immediate effect. The bank said Johansson will be replaced by Alex Wilmot-Sitwell and Carsten Kengeter, who will be co-CEOs of the .
Turmoil continues at UBS as investment bank head is ousted after . guardian.co.uk
UBS shakeup claims head of investment bank Globe and Mail
New chiefs at UBS bring renewed hope for investment bank Euroweek.com (registration)
Business Standard - Forbes
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New UBS reshuffle claims investment banking head (Reuters via Yahoo! News)
UBS on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald Gruebel's resolve to stem persistent losses...

NewsDaily: New UBS reshuffle claims investment banking head
UBS on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald Gruebel's resolve to stem persistent losses...

UBS investment banking chief steps down - MarketWatch
LONDON (MarketWatch) -- Swiss bank UBS said Monday that Jerker Johansson, the CEO of its investment banking arm, has resigned with immediate effect. The bank said Johansson will be replaced by Alex Wilmot-Sitwell and Carsten Kengeter, ...

(AFX UK Focus) 2009-04-27 06:33 UPDATE 1-UBS names co-CEOs of investment banking unit (Interactive Investor)
ZURICH, April 27 (Reuters.com) - UBS on Monday named Alex Wilmot-Sitwell and Carsten Kengeter as co-chief executives of its investment banking unit. They will replace Jerker Johansson, who joined UBS in March 2008 and who has resigned from the role as CEO of the investment bank with immediate effect...

New UBS reshuffle claims investment banking head
north america New UBS reshuffle claims investment banking head 02:50 UBS (UBSN.VX) (UBS.N) on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald ...

Deutsche Bank Chief's Contract Extended After Navigating Crisis - Bloomberg

AFP
Deutsche Bank Chief's Contract Extended After Navigating Crisis
Bloomberg
EURAckermann has best exemplified the company's strategy of both pursuing investment banking and expanding retail banking. Overall, it's not a bad move.EUR Deutsche Bank, which reports first-quarter earnings today, may post net income of 773 million euros .
Deutsche Bank Swings To EUR1.19B 1Q Net Profit Wall Street Journal
Deutsche Bank surprises with 1.2bn profits Times Online
Deutsche bounce returns bank to profit guardian.co.uk
Forbes - Wall Street Journal
all 259 news articles
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