The London-based bank is conducting conference calls with investors in Hong Kong, Singapore and the U.K. Tuesday to gauge interest for such an issuance, according to a person familiar with the situation.
U.S. financial services firm Guggenheim Partners, which entered exclusive negotiations with the bank on the sale, has until the end of this week to make a detailed bid for the operations, which could be worth around EUR1.6 billion, below the previously s
The building is owned by the West End of London Property Unit Trust, which is managed by Schroders and advised by Grafton Advisors, the Telegraph said.
The global macro fund, so called because it places bets on the direction of the world's economies, will open to other investors in the fall.
ABN AMRO Insurance, part of Delta Lloyd Group, is taking over the intermediary activities in the commercial general insurance segment for the Small and Medium-Sized Enterprise sector from ABN AMRO Bank.
The firm, which runs approximately $2.7 billion and which was founded by Tony Chedraoui in 2009, shifted most of its staff around the start of April, a source familiar with the matter told Reuters.
The City of London Corporation, which commissioned the report, has been preparing and working on it closely with other interested parties, a spokeswoman for the City of London Corporation told Dow Jones Newswires.
Lazard, the boutique investment bank, cut pay at its UK-based operations by almost a third last year as the corporate finance advisory market continued to struggle.
The revelations will make uncomfortable reading for Ms Garrett-Cox, once dubbed “Katherine the Great”, who must now fight a rearguard action to keep her position.