Other private equity groups understood to be considering the purchase of
Neuberger Berman, the successful fund management business acquired by Lehman
four years ago, include Blackstone and TPG, The Times reports.
Dick Fuld, Lehman Brothers chairman and chief executive, is considering a
range of options for Lehman’s future, including the sale of Neuberger or the
disposal of a stake in the entire bank.
Neither Lehman nor Wall Street believes a sale of the entire bank is an
option because of the question mark over the way the bank’s assets should be
valued and the lack of buyers prepared to take on such a substantial business.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016