Chicago lawyer Joseph Collins has been indicted on fraud and other charges in connection with the 2005 collapse of commodities and derivatives firm Refco Inc. Federal prosecutors in Manhattan announced 11 counts against Collins, of the law firm Mayer Brown LLP, which was not named in the indictment. Phillip Bennett, former chief executive of Refco, and others have also been indicted in connection with the Refco collapse. In July, Thomas H. Lee Partners, which purchased Refco in 2004, sued Mayer Brown for allegedly failing to inform the firm about bogus loan transactions.
Steven Kwok has been named head of an Asian private equity joint venture of Bear Stearns and Eagle Investment Group. He previously was with Orchid Asia and, before that, was head of UBS Capital Greater China. The joint venture was announced earlier this year, with Bear Stearns and Eagle each committing up to $250 million.
Advent International has recruited Dan Morgan and Albena Vassileva as principals for its Central & Eastern Europe team. Morgan previously worked for Kaupthing as director of the bank’s specialist private equity division. Vassileva has joined Advent’s new Prague office. She has spent seven years with ABN AMRO Capital, most recently as a vice president and a senior investment manager.