The debt in question is a Nigerian government warrant, a type of security in which the Nigerian government would make semiannual payments to holders based on the price of oil. The warrant was one of the two largest holdings of the fund, prosecutors said.
Smith, who joined Raymond James in 2009, has more than 20 years of experience in the financial services industry.
Citi Private Bank recently doubled the size of its office space and expects to hire more staff to keep up with Houston’s expansion of wealth, said the bank’s new managing director and head of the Houston office.
Los Angeles-based TCW, which had $114 billion in assets under management as of Sept. 30, may be valued at about $1 billion, one person said.
Voters see a system that favors the wealthy, polls show, but most aren't ready to give up on the American dream.
Research firm Ipsos Mendelsohn recently finished a two-month project on the medium-to-upper crust and found that people making at least $100,000 are feeling better about the economy. But the super rich are really feeling better.
Jon Corzine, who has not spoken publicly since resigning on 4 November, has been asked to appear before the house oversight and investigations sub-committee on 15 December.