RPT-EXCLUSIVE-Costas launches boutique bank and a 2nd act
CNN Money – John Costas, who helped make UBS AG into one of the world’s biggest investment banks, wants to build a lasting Wall Street player — and put the 2007 demise of hedge fund Dillon Read Capital Management behind him.
Costas and long-time partner Michael Hutchins have launched The PrinceRidge Group, a boutique broker-dealer that is, for now, focused on trading mortgage and corporate debt.
Over time, though, he intends to expand into a mid-size investment bank, seizing "unprecedented" opportunities created by the shake-up on Wall Street.
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and tagged broker-dealer
, cnn money
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, dillon read capital management
, hedge fund
, john costas
, michael hutchins
, mid size
, partner michael
, time partner
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