Sunday, 28 August 2016
Last updated 1 day ago
Jul 22 2009 | 12:57pm ET
Patriotism may be the last refuge of scoundrels, but is the alternative investments industry becoming the last refuge for discarded banking executives?
Marcel Rohner, last seen in February leaving UBS following an $18 billion loss on his watch, has resurfaced at private equity firm Exigen Capital, Forbes reports. He joins Richard Fuld, who presided over the death of Lehman Brothers, and ex-Wachovia CEO Ken Thompson in the alts. business. Fuld now works at hedge fund Matrix Advisors while Thompson recently joined p.e. shop Aquiline Capital Partners.
He may soon have even more company: Former Merrill Lynch CEO Stanley O’Neal was reportedly in talks about joining alternative investments firm Vision Capital Advisors, while former Morgan Stanley co-president Zoe Cruz reportedly wants to join a hedge fund or found her own.
Rohner will serve on Exigen’s advisory board.