Bruce Levenson: Legacy Of A Former NBA Owner And Philanthropic Organization Founder

Bruce Levenson and a group of former NBA owners are in the middle of a court battle against their former insurance company, AIG. The dispute started back in June of 2015 after Levenson had decided to sell his shares of the Atlanta Hawks, and the ownership was transferred without any difficulties. But in the midst of the sale Levenson and the other owners opted to terminate General Manager Danny Ferry and buyout his contract, a move that should have allowed Ferry the right to payments from AIG. But AIG has refused to follow through with any agreement and Levenson and the other owners are promising to fight back even if it means a lengthy court hearing process.

According to ESPN, Levenson bought the Atlanta Hawks along with their arena back in 2004. Before that he founded United Communications Group (UCG), a well-known technology and industrial newsletter publisher. Levenson is an alumnus of Washington University where he got his degree in journalism, and he also worked as a reporter for the Washington Star, a now defunct newspaper that was based in Washington D.C. Levenson decided to launch his own publishing business in 1977, and he and Ed Peskowitz published “Oil Express” followed by several other newsletters. Their business became so successful that it expanded into other countries and became a dynamic technology news source. UCG also became the parent to TechTarget and GasBuddy, an app for locating low gas prices.

Levenson’s philanthropy has included many inner city programs aimed at higher education for minorities including Hoop Dreams and the “I Have a Dream” Foundation. But he also wanted to encourage college graduates going into business to make philanthropy a centerpiece of their work, so he helped start the Center for Philanthropy and Non-Profit Leadership at the University of Maryland. Levenson is also on the boards of SEED Foundation, Birthright Israel and BBYO and also is a contributor to the Holocaust Memorial Museum.

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CEO of Davos Financial Group

David Osio is the CEO of Davos Financial Group, a firm he founded in 1993 and has been running since then. Fluent in both English and Spanish with strong speaking skills in French as well, Davos is a highly regarded expert on international finance. He is much in demand as a consultant and analyst on banking and other topics.

Background and Education

Osio, who showed an interest in and aptitude for finance early in life, studied international banking law and management at Catholic University Andres Bello in Caracas, Venezuela. Because of its tradition of academic excellence, Catholic University Andres Bello is considered one of the most prestigious universities in Latin America.

Early Career

After completing his education, Osio worked with OPED Enterprise, running its coffee export program. By 1984, Osio had moved on to doing legal work for Caracas law firm MGO and began to gain valuable experience in international banking. Eventually, he moved to Miami and represented Banco Latino International (BLI). During his time with BLI, he worked to help substantially increase the value of the bank’s international holdings and investments.

Davos Financial Group

Osio founded Davos Financial Group in order to provide investment advice and portfolio management services to an extremely selective group of clients. The firm is headquartered in Caracas but also has offices in Miami, Geneva and New York City. Because of his knowledge of and experience in international banking, Osio is able to work closely with clients to develop investment portfolios for their specific needs, and the firm has thrived.


Because he has a strong sense of social responsibility, Osio has made substantial contributions to a number of worthy causes over the years and continues to do so today. He has served on the board of directors for the Miami City Orchestra, supported the Children’s Orthopedic Foundation, assisted the noted artist Carlos Cruz Diez and helped many other organizations and individuals.

Osio has been honored for his achievements in multiple countries, and the many honors he has received include the “Best Offshore Corporate Service Provider” award from New Europe magazine. In short, his life and career combine financial achievement and charitable giving.

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