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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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WHO's News: Madoff Feeder Ordered to Pay $1Bn, ...
- Madoff Feeder Ordered to Pay $1Bn.
- TD Ameritrade Chairman Tackling a Second Job.
- Barclays' New Vice Chair of Investment Banking Div.
- BNY Mellon Trust's New President.
- SEC's New CIO.
1. Madoff Feeder Ordered to Pay $1Bn; Now Try Collecting. Harley International (Cayman) Ltd., an insolvent Cayman Islands-based fund that allegedly funneled money to Bernard Madoff, was ordered to pay $1.07 billion to creditors of Bernie Madoff. U.S. Bankruptcy Judge Bernard Lifland entered a judgment against Harley, which is being liquidated in the Cayman Islands, after ruling the fund had failed to contest the suit within the deadline for doing so. Irving Picard, the trustee who's overseeing the liquidation of Madoff's former firm, said he plans to sue Harley in a Cayman Islands court - any action to seek recovery. [Bloomberg, 11/10]
2. TD Ameritrade Chairman Tackling a Second Job. In 2008, Joe Moglia, Chairman of discount broker TD Ameritrade, stepped down as CEO (he took that position in 2001), and in 2010 he's 'tackling' one of his first loves - football. Mr. Moglia was named head coach and president of the Virginia Destroyers, the 6th team in the United Football League - a minor league to the National Football League. Twenty-seven years ago, at Dartmouth, Mr. Moglia was defensive coordinator for a team that won 2 Ivy League titles. [NYT Dealbook, 11/10]
3. Barclays New Vice Chair of Investment Banking Division. Former CIT Group CEO Jeffrey Peek was appointed as vice chairman of investment banking, following the promotion of Robert Diamond, Jr. to CEO from and president and IB chief. He'll focus on clients in financial services, and report to Skip McGee, head of global investment banking. It was under Mr. Peek that CIT, a lender to small business, made a push into subprime mortgages. Before joining CIT in 2003, Mr. Peek was a vice chairman of CSFirst Boston. [WSJ, 9/9]
4. BNY Mellon Trust's New President. Timothy Vara was appointed president of The Bank of New York Mellon Trust Company, a nationally chartered trust company with offices throughout the U.S. - effective 1/1/11. As president, he'll oversee the company, which delivers a broad range of trust, custody and agency services to issuers of debt and institutional investors. He replaces Troy Kilpatrick, who was named head of global business development and marketing for BNY Mellon Corporate Trust. Vara joined BNY Mellon in 2006, and manages the Corporate Trust Public Finance Central Region. [PR Newswire, 10/15]
5. SEC's New CIO. Thomas Bayer was appointed as the SEC's new Chief Information Officer, and he'll oversee its IT functions. He comes from Maris Technology Advisors, where he advised banking and financial services clients on tech strategy, software development and program management solutions. At the SEC, he'll report to Jeff Heslop, who earlier this year was named the Agency's first-ever COO. [SEC PR 10-201, 10/20]
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