British brokerage Tullett Prebon is relying on Brunswick Group for a PR defense after the UK's Serious Fraud Office filed criminal charges against TP broker Noel Cryan in the ongoing LIBOR manipulation scandal.
In a statement via Brunswick, London-based TP said it "notes the announcement by the SFO" and called Cryan a "former employee." He was fired in September 2013 for gross misconduct.
The brokerage said this week it is cooperating with the UK's Financial Conduct Authority and other regulators and government agencies.
Brunswick London partner Kim Fletcher and director Craig Breheny speak for TP.
The SFO on Oct. 28 said it charged Cryan with conspiracy to defraud over a 10-month period in 2009.
Reuters reports that US and UK authorities have now charged 18 indiviuduals and fined 10 banks and brokerages in the ongoing probe of manipulations of the London interbank offered rate, or LIBOR. Banks like JPMorgan and Royal Bank of Scotland have paid out more than $6B.
Cryan has sued TP over his firing, denying allegations that he attempted to manipulate the benchmark rate.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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