Katherine Bucaccio

Following recent enforcement cases in which CCOs have been found responsible for firm misconduct, regulators Andrew Ceresney and Marc Wyatt declared their ‘full support’ for compliance professionals.

The French private equity firm hired a new COO to oversee its operations in France, Luxembourg and London.

The US government will no longer discourage private industry retirement plans from investing in ESG-focused funds.

A former employee claims the tech giant’s retirement program has underperformed due to investments in alternative asset classes like private equity, which he calls ‘inappropriate’ for defined contribution plans.

The private equity firm will pay $10m for failing to disclose that payments made by portfolio companies to an affiliate consulting service were not subject to management fee offsets.

Xu Xiang, general manager of Shanghai-based Zexi Investment, has been detained as part of the government’s crackdown on corrupt practices blamed for exacerbating this summer’s market volatility.

The new Title III rules will allow small businesses to raise up to $1 million from unaccredited investors via online platforms. 

The guidelines, which are the standard of choice for private equity CFOs, were last published in 2012.

Hong Kong-based partner Frank Hong will be leading the firm’s third outpost in the country.

The alternative asset management firm has brought on OCIE’s chief counsel and chief compliance and ethics officer to lead its own compliance team in a newly created position.