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People News: TPG, Morgan Stanley, UBS

Morgan Stanley building

TPG Capital hired Sanghoon Lee from Morgan Stanley as a partner to find and manage investments in South Korea, more than eight years after the private equity firm’s last major deal in the nation.

Four Apollo Global Management private equity affiliates settle with SEC

SEC Building

The Securities and Exchange Commission have announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7m settlement for misleading fund investors about fees and a loan agreement and failing to supervise a senior partner who charged personal expenses to the funds.

RBS set for another investor lawsuit

RBS building

At an English country mansion last month, lawyers for Royal Bank of Scotland (RBS) sat down with representatives of angry shareholders to broker an end to what may end up being the costliest case in British legal history.

UK economic indicators defy Brexit fears

Thumbs Up At Desk

Britain appears to be bouncing back from the post-Brexit panic in better shape than expected, after a string of indicators showed growth across the manufacturing sector, the building industry and in consumer spending.

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City’s bonus culture is bad for customers, the economy and for workers

Somebody had to do it. For years, big bonuses have been paid to those working in the financial services industry without a scintilla of evidence that they work. On the contrary, there have been copious studies showing that the City’s bonus culture is bad for customers, bad for the economy and even bad for the individuals themselves.

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Morgan Stanley building

People News: TPG, Morgan Stanley, UBS

TPG Capital hired Sanghoon Lee from Morgan Stanley as a partner to find and manage investments in South Korea, more than eight years after the private equity firm’s last major deal in the nation.