Former Royal Bank of Scotland Group Plc executive Jon Weiss will join hedge fund Candlewood Investment Group LP, Bloomberg reported, citing a person familiar with the matter. Weiss will join as managing partner and money manager later this year, the report said. (bloom.bg/1nF09H9)He was global head of a special situations group at RBS and left this month as the company prepares to wind down the distressed unit, Bloomberg Buisnessweek reported last week. (buswk.co/1lAXp7P)Candlewood Investment was not immediately available for comment. (Bangalore newsroom; moves@thomsonreuters.com)
The Royal Bank of Scotland Group plc (RBS) is a holding company of a global banking and financial services group. Shares of RBS traded higher by 1.36% or $0.15/share to $11.18. In the past year, the shares have traded as low as $9.60 and as high as $12.44. On average, 722768 shares of RBS exchange hands on a given day and today's volume is recorded at 426090.
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