Wednesday, 30 July 2014
Last updated 8 hours ago
Jun 2 2009 | 1:10am ET
The final CEO of now-defunct Bear Stearns has a new job with alternative investments firm Guggenheim Partners.
Alan Schwartz will join the New York- and Chicago-based firm as executive chairman later this month, The Wall Street Journal reports. While his primary focus will be on building Guggenheim’s banking and trading businesses, he will also work in increasing the size of its investment-management division, which has $100 billion in assets.
“Fate has dealt me an opportunity to start from scratch,” Schwartz told the Journal.
Schwartz served as CEO of Bear during its final months, succeeding James Cayne just before the firm ran into the liquidity troubles that forced it into bankruptcy.
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…