Akasha Founder Named To Final Lehman Board

Dec 6 2011 | 11:10am ET

A former hedge fund manager will serve as one of the final directors of Lehman Brothers Holdings.

Thomas Knott, the founder of Akasha Capital, was one of seven members of the slate that will oversee the final liquidation of the bankrupt investment bank and its disappearance. The group, which also includes a pair of Goldman Sachs veterans, the former chief restructuring officer of Refco Inc. and the former CEO of Morgan Stanley's Asia business, will take office when Lehman's latest liquidation plan is approved by a judge, possibly today.

New York hedge fund Fir Tree Capital, one of the Lehman creditors that will split about $65 billion, was among the group that helped pick the new board, and said in a statement that it sought to "attract best-in-class director who will work to maximize value." The hedge fund said it interviewed individuals "highly respected in a range of critical areas, including real estate, derivatives, private equity and restructuring."

Lehman is expected to sputter along for between three and five years as it waits for real-estate and other markets to rebound before selling its remaining assets.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR