gs connect s&p gsci enh comm (GSC) Key Developments
Investors Eye Swisse Wellness
Aug 13 15
KKR & Co. L.P. (NYSE:KKR), Fosun International Limited (SEHK:656) and COFCO Corporation are understood to be interested in the prospective bid for Swisse Wellness Pty Ltd. from The Goldman Sachs Group, Inc. (NYSE:GS).
Goldman Sachs Hires Nohshad Shah as Head of Hedge Fund Sales
Aug 11 15
Goldman Sachs announced that it has hired a head for hedge fund sales. The firm said that it has hired a new head for hedge fund sales from Deutsche Bank. Nohshad Shah, who was previously a managing director and head of rates hedge fund sales, joined Goldman Sachs in July. Shah joined as head of interest rate product hedge fund sales for EMEA. He had been with Deutsche Bank for five years.
Tesco Reportedly Seeking Sale Of South Korean Business
Aug 9 15
Tesco PLC (LSE:TSCO) is reportedly waiting for the first bids for its South Korean business, Home plus CO., LTD., on August 17, which could net it more than £4 billion. Tesco PLC is also hoping to sell its Dunnhumby consumer data business, dunnhumby Limited, which could fetch as much as £2 billion. Tesco's advisers are understood to have told potential bidders which include private equity firms KKR & Co. L.P. (NYSE:KKR) and The Carlyle Group LP (NasdaqGS:CG) as well as an alliance between MBK Partners and The Goldman Sachs Group, Inc. (NYSE:GS) that it expects as much as £5 billion.
Goldman Sachs Hires Dave Sandor as Executive Director for Asia Convertible Bonds
Aug 6 15
Goldman Sachs has announced that it has hired a director for Asia convertible bonds. Dave Sandor has joined the bank as an executive director. He will work on equity-linked products with a focus on origination and execution of convertible bonds in Asia ex-Japan. Sandor was previously with Morgan Stanley in the banking centre as an executive director in charge of equity-linked transactions in Asia.
Citigroup Inc., Goldman Sachs and UBS AG Agree to Pay $235 Million to Settle Lawsuit
Jul 31 15
Goldman Sachs was among a group of banks that received court approval for a $235 million settlement related to mortgage securities reached in February 2015. Citigroup Inc., Goldman Sachs and UBS AG agreed to pay $235 million to settle U.S. litigation accusing them of concealing the risks of mortgage securities sold by the former Residential Capital LLC before the global financial crisis. Led by the New Jersey Carpenters Health Fund, the investors accused the banks of misleading them in registration statements and prospectuses about the quality of mortgage loans backing the securities they helped underwrite in 2006 and 2007. The bank is still awaiting potential settlements with government authorities.