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Goldman seeks $4bn for its newest infrastructure fund

Bloomberg Goldman Sachs Group Inc is seeking to raise $4 billion for its latest infrastructure fund, dubbed West Street Global Infrastructure Partners IV. The firm, which has held discussions with potential investors such as pensions funds, is aiming to hold a first close on the vehicle as soon as the third quarter, one of the people said. New York-based Goldman ...

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Former Credit Suisse banker joins wealth firm Azura

Bloomberg Azura, a wealth manager focused on billionaire entrepreneurs, is opening an office in Switzerland. Former Credit Suisse Group AG banker Frederic Turrettini joins the firm as a partner to oversee its Geneva office, adding to existing locations in London, Monaco and Singapore, according to a statement. Azura also recruited Robert Agnew — a former managing director at Barclays Plc’s ...

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Deutsche suffers Hong Kong IPO setback from staffing gap

Bloomberg Deutsche Bank AG will be unable to sponsor initial public offerings (IPOs) in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales. The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles ...

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