Tuesday, 26 May 2015
Last updated 11 min ago
Jun 21 2007 | 9:33am ET
Global private equity firm The Carlyle Group today has established a new financial institutions group that will make investments in the global financial services sectors, including banking and insurance.
Edward “Ned” Kelly III, former chairman of Mercantile Bankshares Corp., and David Zwiener, former president of The Hartford Financial Services Group’s property and casualty operations, have been named managing directors and will lead the new Carlyle team. Kelly and Zwiener will be based in Washington, DC and New York, respectively and will begin their duties this summer.
David Rubenstein, Carlyle’s co-founder said, “The global growth in demand for financial products and services combined with our ability to attract accomplished professionals makes this an opportune time to start this new investment practice. We expect that Ned and David will leverage Carlyle’s global platform to quickly establish us as serious investors in the financial services space.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…