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Carlyle Group's Arthur Levitt Appointed To RiskMetrics' Board of Directors

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posted on Apr, 4 2005 @ 01:15 PM
Arthur Levitt, a senior adviser to The Carlyle Group, Has joined the RiskMetrics Group. He has become a member of it's board of directors.
Levitt served as Chairman of the Securities and Exchange Commission. He was appointed that position by President Clinton in 1993.
The RiskMetrics Group is a financial risk management firm. They give advice to corporations and banks worldwide.
NEW YORK--(BUSINESS WIRE)--April 4, 2005--RiskMetrics Group today announced the appointment of Arthur Levitt, former Chairman of the US Securities and Exchange Commission to its board of directors. Mr. Levitt, currently a senior advisor to The Carlyle Group, joins the company as a non-executive director.

Mr. Levitt has been asked to help RiskMetrics Group advance its risk suitability monitoring service which assures that advisors match investors' risk tolerance levels with appropriate investment products.

In announcing the election of Mr. Levitt, Ethan Berman, RiskMetrics Group CEO said: "Having earned a reputation as America's foremost investor advocate as well as promoting improved financial reporting, Mr. Levitt shares our view that transparency is the key to liquid and efficient markets."

Mr. Levitt served as the 25th and longest serving Chairman of the Securities and Exchange Commission (1993-2001). During his tenure he fought for the independence of auditors, improved financial reporting and leveling the information playing field through Regulation Fair Disclosure.

Commenting on his association with RiskMetrics Group, Mr. Levitt said, "Providing investors with timely, accurate and transparent information about the risks of their assets is crucial to the financial services industry. I look forward to assisting financial advisors in their efforts to provide suitable and comprehensible investment advice."

Please visit the link provided for the complete story.

Please read the ATS links below if you are not familiar with The Carlyle Group.

To me Levitt being put on RiskMetrics' Board of Directors looks like a Carlyle move to gain even more global control.

RiskMetrics Group clients include over 600 of the world's leading institutions, spanning banks, private banks, asset managers, hedge funds, insurance companies, online brokerages and financial advisers. Represented are nine of the 10 largest financial institutions, half of the world's central banks, companies in high-tech and consumer goods, and asset managers managing from $100 million to $300 billion in assets. Over half of our clients are based outside of the United States.

That is quite a boost in control for the Carlyle group.
I can see it now, soon our banks will be investing in Carlyle's interests. Carlyle only deals in buy-outs, but now they have a hand in our banks.
Keep a close eye on the RiskMetrics Group you will be hearing a lot more about them.

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[edit on 4/4/2005 by Umbrax]

posted on Apr, 4 2005 @ 01:33 PM
Not a big surprise....The Carlyle Group neede someone competent to back up Wolfowitz at the World bank they have it!

posted on Apr, 5 2005 @ 08:34 AM
Like that Wolfowitz - Carlyle link too.

The last posts on this research thread provide a fund of info on the Carlyle group - well worth reading:

The Omega Agency Research Project

posted on Apr, 5 2005 @ 09:08 AM
A few people thought this story isn't appropriate for ATSNN.
Carlyle Group is winning over the public

The amount of control these big groups have over the public's thoughts knows no bounds.
One day out streets will be full of zombies. They wont be saying, "must eat brains," They will be saying, "must smoke, must drive a SUV, Must do what TV says, groaaaan."

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