Jan-Henrik Förster

1 week ago | bloomberg.com | Dinesh Nair |Swetha Gopinath |Jan-Henrik Förster

The JPMorgan Chase & Co. offices in London. Photographer: Chris Ratcliffe/Bloomberg(Bloomberg) -- JPMorgan Chase & Co. is hiring Citigroup Inc. dealmaker Theodoros Giatrakos as it seeks to bolster its business advising private equity firms, people with knowledge of the matter said. The London-based banker is leaving Citigroup after more than 14 years and is set to join JPMorgan’s financial sponsors group, the people said, asking not to be identified because the information is private.

1 week ago | news.bloomberglaw.com | Leonard Kehnscherper |Jan-Henrik Förster

Hargreaves Lansdown Plc Chief Executive Officer Dan Olley is stepping down following the CVC Capital Partners-led buyout of Britain’s biggest retail investment platform. Olley, who took over the top job in 2023, plans to exit his role after a three-month handover period, Hargreaves Lansdown said in an emailed statement Thursday. He will be replaced by independent non-executive director Richard Flint on an interim basis while the firm searches for a permanent successor, according to the statement.

2 weeks ago | bloomberg.com | Jan-Henrik Förster |Noele Illien

Signage on the exterior of a Julius Baer Group Ltd. banking office in Bern, Switzerland, on Thursday, Dec. 21, 2023. Julius Baer faces a further weakening of its risk profile if it doesn’t address the governance failings that led to large exposures to Rene Benko’s real estate empire, Moody’s Investors Service said. Photographer: Pascal Mora/Bloomberg(Bloomberg) -- Julius Baer Group Ltd.

2 weeks ago | news.bloomberglaw.com | Jan-Henrik Förster

Julius Baer Group Ltd. is facing another large loss from property developments it helped finance, just as the Swiss wealth manager is emerging from a crisis triggered by its exposure to Rene Benko’s Signa real estate empire. As part of a review of its credit portfolio, Baer is discussing writing down a loan related to real estate project in the German city of Hanover that is on the cusp of default and is also facing a loss from another development, according to people familiar with the matter.

2 weeks ago | news.bloomberglaw.com | Manuel Baigorri |Jan-Henrik Förster

Chesnara Plc is exploring a potential acquisition of HSBC Holdings Plc’s life insurance business in the UK, according to people familiar with the matter. London-listed Chesnara is among potential suitors that have expressed interest in the HSBC UK life insurance operations, said the people, who asked not to be identified as the information is private. A deal could value the HSBC unit at several hundred million dollars, the people said.