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Thursday, July 24, 2014

MOVES-Jon Weiss to join hedge fund Candlewood Investment, (NYSE: RBS)

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. ( 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. ( Investment was not immediately available for comment. (Bangalore newsroom;

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.