Kuwait’s Global Said to Hire Osmansoy for Distressed Assets - Bloomberg:
"Global Investment House KSCC (GI5B), the Kuwaiti bank that restructured $1.7 billion of debt, hired Orhan Osmansoy to head its $600 million distressed asset-management business, two people with knowledge of the matter said.
Osmansoy, a former chief executive officer of Abu Dhabi-based The National Investor, will lead the so-called special situations asset-management business at Global, dealing with distressed assets and restructuring, the people said, declining to be identified as the information isn’t public.
He’s the latest of several senior hires at the Kuwait City-based bank as it focuses on its brokerage, asset management and investment-banking businesses. The firm said Jan. 7 that it appointed Michael Helou to head its investment-banking business, and in September named Raul Biancardi to lead its wealth and asset-management unit."
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