Company: Lazard Asset Management

Who is Gina Germano?

Needless to say, there are comparatively few women occupying senior positions in hedge funds. It is therefore a shame that Gina Germano, formerly the co-head of Bluebay’s distressed debt fund, and one of its ‘most prominent traders,’ responsible for funds of more than $6bn, is retiring to ‘spend more time with the family’. Who is [...]

Lunchtime Links: Merrill’s London tax coup

Merrill Lynch might have racked up $29bn of losses, but one upside is that it won’t be paying any corporation tax in the UK for years to come. Through a “quirk” in the bank’s internal structure, it has been able to channel the vast majority of the losses through its UK subsidiary, which means its [...]

Lazard scraps final salary pensions

Employees at Lazard, the investment banking group, could be hit by reduced pension benefits as part of a $100m (€77m) compensation and benefits cost-cutting plan. Under the plan, Lazard will switch its pension scheme from defined benefit, which guarantees a portion of salary, to defined contribution, which is based on stock market returns. Volatile markets [...]

European jobs roundup: Hiring in private equity

Directly or indirectly, private equity and venture capital (VC) funds were behind many job moves in the past week. Meanwhile some investment banks struggled to stem a tide of departures. Fund moves were atypical of the sector. Benchmark Capital, a technology investor, recruited Johan Brenner, a Swedish entrepreneur, to become fifth partner in its London [...]