Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid
HONG KONG - KKR & Co Inc has poached Kate Richdale, Goldman Sachs Group Inc chair of Asia investment banking ex-Japan. Richdale will be KKR’s head of strategy and business development in the Asia-Pacific region, and will also work with KKR’s Asia investing businesses to assist with deal origination, the U.S. private equity firm said on Monday.Goldman did not immediately respond to a request for comment.
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Asia stocks set to gain following Fed Chair Powell's commentsU.S. Federal Reserve Chairman Jerome Powell delivered his testimony to a U.S. Senate committee on Tuesday, where he noted the U.S. economic outlook was 'generally favorable' but warned of headwinds from overseas. maga! About no rush HOORAY
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Investment banks have a problem with volatilityFor years bankers complained markets were too calm. But when stocks and bonds tumbled in the fourth quarter, most trading units suffered. Nervous investors and companies are partly to blame, as are models that push up capital demands. It doesn’t bode well if markets stay choppy.
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