Key Developments For Thomas Weisel Partners Group, Inc.
Thomas Weisel Partners Group, Inc. (TWPG.O) (Consolidated Issue listed on NASDAQ Global Market)
Thomas Weisel Partners Group,Inc. Reduces Headcount By 6%
Thomas Weisel Partners Group,Inc. announced that in the beginning of July of this year, the Company reduced headcount by 6% bringing total headcount to approximately 455 employees. The reduction was the result of aligning operating expenses with the current revenue environment.
Thomas Weisel Partners Group,Inc. Announces Alliance With IdealRatings, Inc.
Thomas Weisel Partners Group,Inc. announced that Thomas Weisel Asset Management LLC (TWAM) teamed-up to form an alliance with IdealRatings, Inc., a provider of Shariah compliant and socially responsible investment services that provide transparency to portfolio managers to invest in Shariah compliant instruments. The alliance will create funds and separately managed accounts to invest in small and mid-cap U.S. companies while reflecting each client's individual portfolio principals of Shariah compliance. Through an initial investment by TWAM, IdealRatings, Inc. will manage the process of achieving individually tailored Shariah compliance for TWAM clients, including supplying software, research tools and scholar support. IdealRatings, Inc. and TWAM will target Shariah focused investors, Islamic institutions and international family offices.
Thomas Weisel Partners Group,Inc. Announces Management Change-Form 8-K
Thomas Weisel Partners Group,Inc. announced in its Form 8-K that Shaugn Stanley, who currently serves as the Registrant's Chief Financial Officer (CFO), will cease serving as the Registrant's Chief Financial Officer on or about May 20, 2009.
Thomas Weisel Partners Group,Inc. Announces Appointment Of Chief Financial Officer
Thomas Weisel Partners Group,Inc. announced that its Chief Financial Officer (CFO) search is completed and that Shaugn Stanley, the interim Chief Financial Officer, will be appointed as Chief Financial Officer and will become a member of the Executive Committee.
Thomas Weisel Partners Group,Inc. To Cut 13% Jobs-Reuters
Reuters reported that Thomas Weisel Partners Group,Inc. plans to cut 13% more jobs.
