Bedell Trust in MBO 08/04/2016 Bedell Trust, an eprivateclient Top 25 Trust Company, has announced a management buyout (MBO). The MBO was backed by private equity firm Inflexion. Financial terms were not disclosed and completion is subject to regulatory approval.
Once complete the management team will retain full operational control of the business. The existing management team, including Nick Cawley, chief executive and an eprivateclient 50 Most Influential, and Michael Richardson, executive chairman, will continue to lead the business.
Austrian bank chief resigns over Panama Papers 07/04/2016 Michael Grahammer, chief executive of Hypo Landesbank Vorarlberg, an Austrian bank which appeared in the “Panama Papers” leak, has become one of the first senior bankers to resign over reports based on those files.