TITLE

Out Takes

AUTHOR(S)
Hahn, Avital Louria; Lugo, Denise
PUB. DATE
June 2003
SOURCE
Investment Dealers' Digest;6/23/2003, Vol. 69 Issue 25, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on various developments in the investment banking industry in the U.S. Citigroup Inc. fired William Maguire, president of its brokerage division, Citigroup Investment Services. Maguire was reportedly relieved of his duties for falsifying claims about fulfilling his continuing education requirements. Citigroup named Edward Munin, an executive within its Chicago, Illinois-based office, as acting president. Nobumichi Hattori, one of Goldman Sachs' top mergers and acquisitions deal makers in Japan, is leaving the firm after 14 years to become a professor. Barclays Capital Inc. hired three professionals, Paul Calvetti, Adam Brown and Will John, from Deutsche Bank for its U.S. government bond trading operations. The National Association of Securities Dealers as well as the New York Stock Exchange said that member firms are now required to save instant messages for at least three years. The company CSFB has hired John Varrone as a director and global head of security. Lehman Brothers Inc. was found liable of assisting in fraud by providing financing to First Alliance Corp., a home equity lender, despite warnings about the firm's questionable business practices, a federal jury in California concluded.
ACCESSION #
10214282

 

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