A high-powered firm with close ties to Bill and Hillary Clinton bills itself as a consultancy, but actually specializes in helping rich investors leverage inside political information, and is even registered as an investment bank, according to an investigation by FoxNews.com.
Teneo Holdings, run by the former president’s longtime aide, Douglas Band, and Irish businessman Declan Kelly, purports to sell intelligence about political risk to its clientele of corporate CEOs, billionaire families and leaders of foreign governments. Teneo has advertised access to Bill Clinton and political powerhouses to attract multinational clients since it opened five years ago.
Teneo offers more than connections to political power and intelligence, however. It is registered with the Financial Industry Regulatory Authority as an investment bank. It brokers valuable securities that are not available to the public, exclusively to its own clients in a “private placement” market shielded from regulatory scrutiny.