Thomas Connolly appointed Head of Asset Management for Middle East BNY Mellon Asset Management, the global asset management arm of The Bank of New York Mellon, one of the world’s major financial services companies, has appointed Thomas Connolly as Managing Director, Head of Asset Management for the Middle East region. ...

Fortress Investment Group LLC (NYSE: FIG) and Quicken Loans Inc. announced they have entered into an exclusive joint venture. The partnership will align Fortress, an established investor in the secondary market for residential mortgages, with Quicken Loans, the nation's largest Internet-based retail mortgage lender, to help...

The Bank of New York Mellon confirmed that it has been selected by the U.S. Department of the Treasury to provide a broad range of services to support the government’s Troubled Asset Relief Program authorized under the Emergency Economic Stabilization Act. Treasury has hired the company to provide the...

HSBC welcomes the UK government’s proposals to provide liquidity and inject capital into the UK banking system. These are important and necessary steps in restoring confidence to the sector. Consistent with the objectives of the UK scheme announced today, HSBC will ensure that our principal UK subsidiary,...

ING announced yesterday that it does not intend to make an offer to acquire ABN Amro Netherlands from Fortis. ING has examined the situation closely and carefully. We are mindful of the interests of all stakeholders, but recognise that the ultimate responsibility is to our shareholders. ING remains...

HSBC Overseas Holdings UK Limited ("HSBC"), a wholly owned subsidiary of HSBC Holdings plc, has signed an agreement to dispose of its entire stake of 126,999,000 shares, equivalent to 18.68 per cent of the total issued share capital, in Financiera Independencia S.A.B, de C.V. SOFOM, E.N.R. ("Independencia"). The total...

Standard & Poor's President Deven Sharma called on European policymakers to base their proposed system of supervising credit rating agencies on internationally accepted principles and standards, in order to ensure a consistent approach globally to the issue and ensure ratings opinions remain comparable worldwide. ...

East Capital acquired Arco Vara’s 50% holding in AVEC Asset Management AS becoming sole owner of AVEC Asset Management AS, managing real estate funds AVEC Baltic Property Fund and Arco Baltic Real Estate Portfolio. Founded in 2005, AVEC Asset Management manages two real estate funds - AVEC Baltic Property...

Julius Baer Americas Inc., a US subsidiary of Julius Baer Holding Ltd., has become Artio Global Investors Inc. effective June 15, 2008. Artio Global Investors Inc., through its subsidiary Artio Global Management LLC (formerly Julius Baer Investment Management LLC), provides investment management services...

Lazard Ltd (NYSE: LAZ) announced today that Wouter Gabriels is joining the firm as a Managing Director in Investment Banking in Europe, effective September 1, 2008. Mr. Gabriels, age 36, was until recently the President of the Chancery and Chief of Staff of Prime Minister Guy Verhofstadt's Office in...