Financial services

Aquiline hires financial services pro

The financial services-focused buyout shop has hired Barrett Ellman Stoddard Capital Partners executive Mark Graf as a member of its growing investment team. Last month, the firm hired former E*TRADE Financial chief executive Mitchell Caplan.

Permira hires financial services head

Following the appointments of two financial sector veterans as advisors to the firm, Permira has hired former co-head of LEK Consulting’s global financial services practice to lead its newly formed 11-strong sector team.

Flexpoint raises $1.3bn for financial services and healthcare

On the heels of bank investor Gerald Ford joining the firm, Flexpoint Ford has raised more than five times the capital of its 2005 debut fund. The Chicago-based firm has also hired two principals and will open a New York office.

Fortress forgoes dividend to target financial services

Founder Wesley Edens has said the firm will not pay a third quarter dividend in order to retain capital for ‘tremendous opportunities’ in banks, insurance companies and other asset management businesses.

CVC launches financial services deal team

The UK-headquartered private equity firm will grow a niche team in the UK, US and Asia as it looks to capture some of the financial sector’s global GDP share.

Carlyle in $75m financial services PIPE

The buyout giant is betting that its investment in publicly listed wealth management company Boston Private fares better than similar financial sector PIPES.

Bain & Co boosts UK buyout and financial services teams

The management consultant has recruited three partners to its London office strengthening and diversifying its team.

Financial services M&A veteran joins Carlyle

UBS investment banker Olivier Sarkozy has joined The Carlyle Group’s recently formed financial services team. The team aims to exploit low valuations in the financial services sector, which has been hit by recent worldwide credit market problems.

Arsenal does first financial services deal

The middle market firm’s $30 million investment in niche lender FirstAgain is its first in the sector since hiring former JPMorgan and CCMP pro Carty Chock.

Carlyle’s financial services head to lead Citi Alternatives

Ned Kelly will leave Carlyle to become president of Citi Alternative Investments, a division CEO Vikram Pandit has worked to build up since he took control of the bank in November.