The News Review:
- Huntington hires new risk management chief
- BlackRock About to Be No. 1 Money Firm
- SPAC Capitol Acquisition Being Acquired Forming REIT
- Heinz realigns management team
- Vukile to buy Sanlam Properties asset management unit
Huntington hires new risk management chief
Bizjournals.com
_150600F31573408DA784CFA86C36C862. has hired the chief of a financial services industry organization to oversee its risk management practices. The Columbus-based banking company said Jim Nelson its senior vice president and chief risk officer will be succeeded by Kevin Blakely CE of Philadelphia-based.
Related from Abnthailandhotels: The Langham Huntington Hotel Spa in Pasadena Adds Key Members
BlackRock About to Be No. 1 Money Firm
Wall Street Journal
1 Money FirmFink’s Company Combined with Barclays’s Unit Would Be Largest at $2. 8 Trillion in Assets ArticleCommentsmore in. An expected deal in which BlackRock Inc. would buy indexing company Barclays Global Investors from British bank Barclays PLC is likely to be announced as early as Thursday according to people close to the matter. The New York money manager is expected to pay about $13 billion for the asset-management unit and Barclays could retain about a 20% stake. The deal also could give Barclays a seat on BlackRock’s board.
SPAC Capitol Acquisition Being Acquired Forming REIT
CNNMoney.com
housing bubble burst andseeks to make money off distressed home loans and the ongoing turbulence in themarket for such securities. Also the deal is being announced about five months before Capitol Acquisitionfaces a deadline to make an acquisition or liquidate. Management of the new REIT hopes to get a boost from its investments inmortgage securities if a federal program aimed at thawing debt markets isextended to home loans that aren’t covered by the umbrella of Fannie Mae (FNM)and Freddie Mac (FRE) the two government-controlled mortgage finance giants. There are “historic dislocations” in the mortgage market that presentinvestment opportunities said Mark Ein chairman and chief executive of CapitolAcquisition during a conference call Thursday. Ein will be the vice chairman ofthe new REIT. Under the deal’s terms stock of Capitol Acquisition a so-called specialpurpose acquisition company or SPAC will be converted into shares of theprivately held REIT Two Harbors. The REIT will be managed by Pine River Capital Management LP an investmentadviser with $800 million of assets.
Heinz realigns management team
Bizjournals.com
announced Thursday it is realigning its management team including switching some of the duties of the executives in charge of its North American and European divisions. The changes effective July 15 are part of what the Downtown Pittsburgh-based food manufacturer calls an "ongoing development process to broaden the capabilities and skills of its executive leadership team. "Dave Moran becomes executive vice president president and CE of Heinz Europe after serving in the same role at Heinz North America. Moran will swap positions with Scott 'Hara who becomes executive vice president president and CE role for Heinz North America. 'Hara is currently in that role at Heinz Europe.
Vukile to buy Sanlam Properties asset management unit
Reuters
3 pct * ption to buy properties from Sanlam life for 500 mln rand (Adds details) JHANNESBURG June 11 (Reuters) – Property holding andinvestment firm Vukile (. J) will buy the asset managementunit of Sanlam Properties in a cash and share deal which wouldincrease Sanlam’s stake in Vukile to 35. Sanlam said on Thursday the deal would be settled throughthe issue of 36. 47 million new Vukile units at 910 cents perunit. Vukile would also have the option to buy properties fromSanlam Life valued at around 500 million rand ($61.