Now that he doesn’t have to try to balance the federal budget, former President Barack Obama is getting his family’s financial house in order.
He’s tapped a Chicago professional to help him with the task, taking E. “Robbie” Robinson Jr. away from Chicago investment titan BDT Capital Partners, LLC (BDT) for just a year, until January, according to sources familiar with the move.
Robinson, 40, has been a managing director at BDT since 2009, when he followed his investment banker mentor and the firm’s founder, Byron Trott, to BDT from Goldman Sachs Group.
Robinson has been counseling the ex-president on everything from his recent book deal to directing money to his foundation and charities to investing his growing wealth, the sources said.
When Obama signed a book deal with Penguin Random House in February for the rights to his memoirs, the value of the agreement wasn’t disclosed, but some media reported that he and his wife, Michelle Obama, were paid $60 million for a package that includes a book by her, too.
Both of the Obamas are former lawyers who met when they worked together at Chicago law firm Sidley Austin.
Click to read full article by LYNNE MAREK @ CRAIN
