John Trousdale, vice chairman of global mergers and acquisitions at Credit Suisse AG, will leave the Swiss bank to join the new advisory firm headed by star investment banker Paul Taubman, according to people familiar with the matter. The move represents one of Taubman's biggest hires since he announced last month that he would lead the carve-out of Blackstone Group LP's advisory arm. The tax-free spin-off is expected sometime in 2015.New York-based Trousdale, 52, will leave Credit Suisse at the end of January, the people said, requesting anonymity because the matter was not yet public. Trousdale and a spokesman for Credit Suisse declined to comment. Taubman could not be reached for comment.Trousdale joined the Swiss bank in 2003 and also served as a former co-head of the media and telecoms M&A group. He joined Credit Suisse from Merrill Lynch, where he had been a co-head of global media.Since Taubman left Morgan Stanley in 2012, he has been behind some of the biggest media and telecom mergers, including Comcast's proposed acquisition of Time Warner Cable and Verizon's $130 billion deal to purchase out Vodafone's stake in its wireless venture.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.13% or $0.04/share to $31.86. In the past year, the shares have traded as low as $26.15 and as high as $36.08. On average, 4753960 shares of BX exchange hands on a given day and today's volume is recorded at 2832978.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.42% or $-0.15/share to $35.69. In the past year, the shares have traded as low as $28.31 and as high as $36.44. On average, 9953130 shares of MS exchange hands on a given day and today's volume is recorded at 7208884.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC fell by 0.74% or $-1.04/share to $140.01. In the past year, the shares have traded as low as $119.77 and as high as $155.32. On average, 2668430 shares of TWC exchange hands on a given day and today's volume is recorded at 2992859.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.97% or $0.77/share to $79.75. In the past year, the shares have traded as low as $58.22 and as high as $88.13. On average, 5416930 shares of TWX exchange hands on a given day and today's volume is recorded at 3525037.
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