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Omar Darwish has joined fintech pioneer GTN as equity sales trader following a three-and-a-half-year stint at Arqaam Capital. Throughout his career, UAE-based Darwish has also worked as sales trader at investment banks Credit Suisse and Commercial International Bank (CIB).
Private equity is an investment asset class that has gained significant prominence and popularity in recent decades. However, private equity can seem complex and intimidating to beginners who are unfamiliar with its fundamentals. The Different Types of Private Equity Firms Private equity firms come in different sizes and strategies.
For the past months, OfficeHours has had some amazing speakers, including private equity pros, HBS MBA grads, and successful founders. We cover topics like private equity, investment banking, switching careers, and how to grow in your job. Do you think there’s been a cultural shift in Investment Banking post-COVID?
New York-based independent prime broker Clear Street is set to launch a new investment banking business named Strategic Advisory Services. Clear Street has hired a team of investment bankers to build out the investment banking and advisory offering. Clear Street has named Ryan Gerety as managing director, investment banking.
Interactive Brokers is set to provide HSBC with a new trading solution aimed at providing comprehensive, single platform to trade assets in the UAE. The post Interactive Brokers and HSBC collaborate on single platform trading solution appeared first on The TRADE.
Institutional broker Numis was acquired by Deutsche Bank in 2023, as part of its Global Hausbank strategy aimed at unlocking deeper engagement with corporates in the UK. Read more: Deutsche Bank completes acquisition of Numis Prior to his role at Deutsche Numis, Fallon spent over two decades at Goodbody, also based in Dublin.
Panmure Gordon and Liberum are set to merge to create the UK’s largest independent investment bank, with ex-Barclays executive Rich Ricci stepping into the chief executive role of the combined entity. Together the two firms have an aggregate of £9.9
Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financial services firm ODDO BHF. Griffin left Kepler in May after over eight years with the broker dealer. Jefferies appointed Peter Johansson as an equity sales trader.
Wall Street giant Citi has made a number of cuts to it cash equities trading business in London, according to two people with knowledge of the matter, The TRADE can reveal. Lackenby joined the bank two years ago from broker Market Securities. Citi is the latest bank making cuts to its trading and investment banking unit.
E221: Michael Mufson Discusses Investment Banking and Business Exit Strategies - Watch Here About the Guest(s): Michael Mufson is a seasoned investment banker with a distinguished career spanning over several decades. Understanding the investment banking process can make a significant difference when preparing to sell or merge a business.
Cboe Clear Europe has received regulatory approval to clear European Securities Financing Transactions (SFTs), granted by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM).
Growth Equity (ex-TCV Investor) Webinar TOMORROW at 12PM ET! Come listen to Alice speak about her time recruiting as a Lazard IB Associate into TCV Growth Equity! TOMORROW at 12PM ET Webinar Highlights: What inspired you to make the switch from investment banking to growth equity and eventually pursuing starting your own business?
This has forced prime brokers to focus more on risk management and diversification of their client portfolios with increased regulatory pressures.” The market volatility has certainly been a defining feature of the year, for both clients and providers, and gave rise to opportunities for certain strategies, while costing others dearly. “In
Nasdaq’s Nordic and Baltic equity offering, QuoteView, will be made available through Nasdaq Data Link this month, covering primary venues and MTFs in the region across equities, mutual funds and ETFs. The offering, which is powered by BMLL, provides T+1 consolidated best bid and offer (CBBO) data for Nordic and Baltic equity markets.
The move comes as Stifel looks to enhance its differentiated products offering, explained John Spensieri, co-head of equity trading at Stifel: “Our sales and trading group at Stifel is primarily driven by the goal of offering our clients exceptional service coupled with unparalleled value.
Citi has named a new head of electronic equity sales trading for the EMEA region, The TRADE can reveal. Jamie Miller Based in London, Jamie Miller has been appointed to head up the division in EMEA after eight and a half years as an employee of the bank, specialising in equity sales trading, according to an update on his social media.
Deutsche Bank has completed the acquisition of institutional broker Numis and has unveiled a new offering to be known as ‘Deutsche Numis’. The transaction is the next step in Deutsche Bank’s Global Hausbank strategy, which aims to unlock deeper engagement with corporates in the UK.
Cboe Global Markets has appointed leading industry figure Natan Tiefenbrun president of North American and European equities as part of the leadership changes announced last month, The TRADE can reveal. This new role expands on his previous position as president of Cboe Europe, now also overseeing North American cash equities.
The Canadian Imperial Bank of Commerce (CIBC) has made a new senior hire for its equity trading unit in London, according to two sources with knowledge of the matter. Prior to joining the French firm where he was employed as a sales trader for over five years, Lockley worked as a trader at broker GFI Group.
Next up in our introduction to the distinguished nominees for the Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist the Best Broker Electronic Trading Initiative. The broker offers a platform with algorithmic access spanning 45 countries and over 100 liquidity destinations globally.
But over the years, they morphed into a well-known topic and then a commonly derided topic – as many people argue that search fund experience is worthless, while others claim it’s “just as good” as working in banking or private equity. And you need early experience to get internships that convert into full-time offers at large banks.
Among these, three prominent options are seller financing, equity investment, and all-cash offers. In this arrangement, the buyer makes regular payments to the seller, effectively bypassing the need for traditional bank loans. Here are the pros and cons of equity investment.
Washington, DC, (June 21, 2024) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, has been recognized as a leading M&A advisor in the industrials sector. For more information, visit www.focusbankers.com.
Washington, DC, (October 2, 2023) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, has been recognized as a leading M&A advisor in the consumer industry. For more information, visit www.focusbankers.com.
One of BCS Global Markets’ prime services sales leads has left the investment bank to join boutique merging markets broker and investment bank BancTrust. He also has experience working across a range of asset classes – equities, commodities, FX spot, listed derivatives, and ETFs.
EU asset managers, banks and brokers are urging policy markets not to succumb to pressure that could potentially lead to suboptimal outcomes in the Markets in Financial Instruments Directive (Mifid/r) review. Value-based pricing should be disallowed to achieve better outcomes for investors and the general public,” concluded the trio.
Deutsche Bank has reported a €2.3 The bank posted an 11% increase year on year in net revenues for the second quarter at €7.4 The results represent the highest revenue for a second quarter since 2016, said the bank, with revenue for the first half of the year up 8% overall – at €15.1
The relationship between banks and their clients has shifted in recent years as the advancement of technology has encouraged a broader range of firms to become more autonomous with how they execute smaller trades and less risk averse with larger ones. Goldman Sachs’ equities revenues globally had fallen from $3.24
Stuart Staley, who previously held the position, announced that he was set to leave the bank after almost 20 years this April, having joined in 2004. The Canadian Imperial Bank of Commerce (CIBC) made a new senior hire for its equity trading unit in London, according to two sources with knowledge of the matter.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Non-Bank Electronic Liquidity Provider, showcasing excellence in liquidity provision outside of the traditional sphere. billion compared to € 2.8 billion the previous year.
Our research team’s latest report compares the top insurance agency investment banks of 2024. Insurance Agency Investment Banks: Investment banks that specialize in the insurance industry. Insurance Agency Investment Banks: Investment banks that specialize in the insurance industry.
Carrick went to work for a Wall Street brokerage firm and managed money for clients as a stock broker. This is why it is important to work with a broker or financial advisor who can help you understand the true value of your business and set realistic expectations. This is known as the micro private equity space.
Starting from childhood enterprises to careers in sales and a formal education in business school, Barnett has accumulated a wealth of experience that led him to own a business broker office for several years before venturing into banking.
Alongside him, Torsten Schöneborn joined the bank from BNP Paribas where he had been global head of electronic platform and global head of quant prime broking. Before that, he spent almost 10 years at Deutsche Bank, where his roles included global co-head of electronic equities and head of eFX spot quant trading.
Elsewhere, Citi named a new chief executive of its broker dealer entity Citigroup Global Markets Inc (CGMI). Prior to this, he spent more than eight years at Societe Generale Corporate and Investment Banking (SGCIB), working across multi asset sales and trading, hedge fund sales, and prime brokerage.
What is driving the push for increased trading hours for US equities? When I tell people that we trade US equities overnight, they can’t believe it hasn’t been done before. Futures and FX also trade 24/23 hours, so why not US equities? What sort of benefits could 24/7 trading of equities provide?
After a few turbulent years stemming from market volatility, rising interest rates, geopolitical turmoil, inflation, soaring energy prices, client performance, fee pressures, a mini banking crisis, looming regulation, constant tweaking of risk models, rising client complexities and the notorious Archegos saga… well, things are looking up.
He discovered the concept of leveraged buyouts and realized that he could buy an existing business and use bank financing to fund the acquisition. Bakari did classes at top business schools and built a network of business brokers and investment bankers to source deals. I would reach out to business brokers, investment bankers.
Bloomberg has introduced a white label solution for US treasuries, allowing a wide range of broker dealers to provide liquidity for trades initiated on its platform as part of its D&I dealer initiative. This will then be routed to a range of counterparties, delivering pricing back to the counterparty which initiated the RFQ. “We
ION and Cboe Europe Derivatives (CEDX) are set to expand Tier 1 banks and brokers’ access to pan-European derivatives markets through a new collaboration. ABN Amro Clearing, Goldman Sachs and Morgan Stanley became the first participant banks to back the new Cboe Amsterdam derivatives exchange in April 2021 ahead of its launch.
The levels of trading volumes in European equities are influenced by a complex interplay of various factors like market fragmentation, economic conditions, monetary policy, investor behaviour and market volatility among other things. Where should regulators be focusing their attention to boost volumes in Europe?
BNY Mellon has today announced the integration of Global Markets Trading (GMT), which will combine the firm’s capabilities in foreign exchange, fixed income, equities and capital markets to provide full-service client provisions.
From traditional bank loans to alternative funding sources, many options exist. Traditional Bank Loans: Traditional bank loans remain famous for financing M&A deals, especially for mid-sized businesses with established credit histories. 2. Asset-based lending offers greater flexibility than conventional bank loans.
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