Rajeev Misra, UBS’s former co-head of fixed-income, is preparing to join Fortress Investment Group, two people with knowledge of the matter said.
A majority of private-equity firms inflate fees and expenses charged to companies in which they hold stakes, according to an internal review by the U.S. Securities and Exchange Commission, raising the prospect of a wave of sanctions by the agency.
Michael Cavanagh, the longtime JPMorgan Chase executive who is preparing to join the Carlyle Group, will make $7m in salary and bonus in each of his first three years at the private equity giant, a regulatory filing on Friday showed.
Gleacher, the brokerage that’s lost more than $200m since 2009, said it would liquidate after failing to find a merger partner.
Lured by offers that can double salaries.
Think bank executives bring home the bacon ? Think again.
Executives of the Carlyle Group are preparing to sell shares in the private equity firm for the first time since it went public two years ago.
Two US private equity firms are set for multi-million pound pay-outs when British retailers Pets at Home and Poundland float on the London Stock Exchange later this month.
The top 10 guys in this area took home $1.7bn in 2013
Not bad for one year's work.