Alts.-Backed Bank CEO Resigns

Jun 25 2010 | 7:05am ET

A bank owned by a consortium of alternative investments firms is losing its CEO.

Terry Laughlin is stepping down from OneWest Bank, the former failed lender IndyMac, 15 months after the hedge funds and private equity funds, including Paulson & Co., Soros Fund Management, JC Flowers & Co. and Dune Capital Management, bought it. He will join Bank of America to succeed the retiring Jack Schakett as head of the bank’s mortgage investments.

Laughlin will remain at OneWest until the end of next month.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of