Wednesday, 30 July 2014
Last updated 34 min ago
Oct 26 2011 | 10:16am ET
Another British politician is facing scrutiny over his ties with a friend of a former British defense minister with ties to the founder of hedge fund CQS.
John Astor was trustee of a charity, Atlantic Bridge, whose only employee was Adam Werritty. Astor is an undersecretary for defense and a member of the House of Lords; the defense minister, Liam Fox, was forced to resign over his ties with Werrity earlier this month.
Werritty, a friend of Fox's and, according to reports in the British press, a lobbyist, had a desk at CQS in his capacity as executive director of Atlantic Bridge. CQS founder Michael Hintze also paid to fly Fox and Werrity back from the U.S. in May and is a major donor to the Conservative Party.
The U.K. Cabinet Secretary, Gus O'Donnell, has said that Werritty is not a lobbyist.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…