EPSTEIN
page 9 / 310 . OCR, unverified
Partner at BV Global Partners, L.P.
Mr. Bahamdan has significant international principal investment experience where he led and participated
in investments in a broad range of industries in the United States, Europe, and the Gulf. He serves as a Vice
Chairman of Sara Holding, as a Member of Advisory Board at Sapinda Holding B.V, serves as a Board
Member of CEA Capital Partners and Manara Infrastructure Fund.
This relationship was established by banker Stewart Oldfield in January 2017. There is monthly contact with
this prospect.
Opportunities and Challenges
While we haven't traded with Safanad in the US yet, we have seen several opportunities and have a good
relationship to work from.
Safanad is a direct investor that generally sources LP capital for each of its transactions. Their business focus
in the US is real estate and private equity. Our opportunities to work with them, then, will either be as a
lender or to introduce them to investment opportunities through the investment bank or KCP.
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2018 Account Planning
RM contribution
Relationship Name: Southern Financial
Banker Team: Stewart Oldfield
GCIS Number:
Relationship Team:
ISG: Andrew King
DPM: Paul Bartilucci
KCP: Xavi Avila/Martin Zeman/Joshua Shoshan
(KCP Capital Markets) and Vahe Stepanian
(Coverage)
Client Profile
Lending: Laura Farischon
Trust/Custody:
WPS: Sam Petrucci
Deposits: Charlie Burrows
Other:
Jeffrey Edward Epstein (born January 20, 1953) is an American financier and billionaire. He is a resident of
the US Virgin Islands.
Epstein taught calculus and physics at the Dalton School in Manhattan from 1973 to 1975. In 1976, Epstein
started work as an options trader at Bear Stearns where he worked in the special products division, advising
high-net-worth clients on tax strategies. In 1980 Epstein became a partner at Bear Stearns.
In 1982, Epstein founded his own financial management firm, J. Epstein & Co., managing the assets of clients
with more than $1 billion in net worth. In 1987, Leslie Wexner, founder and chairman of Ohio-based The
Limited chain of women's clothing stores, became a well-known client. In 1992 he converted a private
school on the Upper East Side into an enormous residence. Epstein later bought that property, which is one
of the largest private residences in NYC and worth well over $100mm. In 1996, Epstein changed the name
of his firm to the Financial Trust Company and, for tax advantages, based it on the island of St. Thomas in
the U.S. Virgin Islands.
In 2003, Epstein bid to acquire New York magazine. Other bidders were advertising executive Donny
Deutsch, investor Nelson Peitz, media mogul and publisher Mortimer Zuckerman, who had the New York
Daily News, and film producer Harvey Weinstein. They were ultimately outbid by Bruce Wasserstein, a
longtime Wall Street investor, who paid $55 million.
In 2004, Epstein and Zuckerman committed up to $25 million to finance Rodor a celebrity and pop culture
magazine founded by Maer Roshan. Epstein and Zuckerman were equal partners in the venture. Roshan, as
its editor-in-chief, retained a small ownership stake.
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Presently, Mr. Epstein runs Southern Trust Company Inc which invests his assets. He also performs advisory
services (primarily tax and investment advice) for billionaires.
This relationship was established by former banker Paul Morris in August 2013 and has been managed by
Stewart Oldfield since 2017. The main points of contact aside from Mr. Epstein are the following:
•
Paul Barrett (Alpha Group Capital)
•
Darren Indyke (lawyer)
•
Richard Kahn (CFO)
•
Bella Klein (operations)
In addition to DB, he has relationships with MS and BAML
Opportunities and Challenges
Jeffrey is one of our most sophisticated clients and has also been one of our most challenging. The primary
thing he expects from a relationship with DB is direct access to a structured trading desk, and our best
trading ideas. He trades like a hedge fund does, but isn't as accessible or consistent as a full time hedge
fund trader. He was frustrated with every version of KCP/global markets coverage we tried to create for him
and the feeling was mutual. In early 2017, we cancelled his ISDA and offboarded him from GM. He
continued to keep cash at DB, which he used for operational purposes (staffing his houses), subscribing to
hedge funds and PE, and buying art.
Fortunately, there have been some positive changes in 2017. Despite our trading difficulties, we managed