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lehman

September 3, 2010

Family-owned Swatch Group has confirmed it has launched a legal action against UBS in relation to an absolute return fund sold to the watchmaker in 2009.

Family-owned Swatch Group has confirmed it has launched a legal action against UBS in relation to an absolute return fund sold to the watchmaker in 2009.

Biel-based Swatch claims UBS at the time had assured the value of its investment was secure and has filed for compensation amounting to SFr30 million (€23 million).

Roundtable: Lessons from Lehman

March 5, 2010

Five delegates from Campden’s European Family Office Conference sat down to discuss how the global financial crisis affected the way they work

Five delegates from Campden's European Family Office Conference sat down to discuss how the global financial crisis affected the way they work

Roundtable panel:

Wolfram Klingler, Executive Director, Silvia Quandt Family Office, Switzerland.

Risto Vayrynen, Managing Director, Sifter Group, a Geneva-based family office.

Botin: Santander “a victim like any other” over Lehman and Madoff

February 6, 2009

Campden FB’s Family Business Leader of the Year 2008 came out fighting yesterday as he announced record financial results for Spain-based banking group Santander.

Chairman Emilio Botin has had a torrid start to the year as the bank his family has led since 1857admitted it had lost more than €2.3 billion of its clients' money with Bernard Madoff.

However, the bank has had its “best year in the last 20 years” with a net profit of €8.876 billion – not far off the €10 billion Botin predicted last June before the banking crisis really took hold.

Rothschild hires Lehmen bankers

November 3, 2008

Two-centuries-old family-owned bank Rothschild has taken advantage of the demise of rival Lehman Brothers, hiring three M&A bankers from the collapsed firm.

Two-centuries-old family-owned bank Rothschild has taken advantage of the demise of rival Lehman Brothers, hiring three M&A bankers from the collapsed firm. The boutique investment bank has hired Antonio Villalon as co-head of its Global Financial Institutions Group. Rothschild also named Stephen Fox as co-head of its UK FIG and Philippe Le Baquer moved across to work on FIG deals in continental Europe.

"We are seeing significant demand for our FIG related independent advice," the bank said.