Wednesday, 25 November 2015
Last updated 11 hours 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.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…