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StoneX to acquire fixed income broker Octo Finances

The TRADE

StoneX has moved to increase its remit and geographical reach through the acquisition of fixed income broker Octo Finances SA. StoneX will acquire 100% of Octo Finances SA shares once complete. Octo Finances is a highly respected French brokerage firm known for its excellent client service.

Broker 52
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Goldman FICC and equity distribution exec joins Citi in new Asia markets solutions role

The TRADE

Citi has named Christopher Chang as its new head of markets solutions for financial institutions for Asia South and Asia North. He also brings more than 28 years of experience covering markets and debt capital markets (DCM) to his new role.

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Deutsche Bank completes acquisition of Numis

The TRADE

The transaction – first reported on back in April – was previously valued at £410 million according to documents seen by The TRADE. The post Deutsche Bank completes acquisition of Numis appeared first on The TRADE.

Banking 59
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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

Bulge Bracket Bank Definition: The “bulge brackets” are the largest global banks that operate in all regions and offer all services – M&A, equity, debt, and others – to clients; they work on the biggest deals (usually $1 billion+) and have divisions for sales & trading , equity research , wealth management , corporate banking , and more.

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The results so far: Equities rebounding as market stays primed for continued macro uncertainty

The TRADE

Citi Citi’s results also painted a clear picture when it came to its trading state of play. While overall markets revenues decreased 7% to $5.4 The post The results so far: Equities rebounding as market stays primed for continued macro uncertainty appeared first on The TRADE. year on year (up 47.9%

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How Merchant Banks Help Businesses Grow and Succeed

Razorpay

Example of Merchant Banking In 2021, merchant bank Avendus Capital helped the Indian company Piramal Enterprises acquire the debt-ridden assets of Dewan Housing Finance Corporation (DHFL) for ₹34,250 crore ($4.4 What is the role of merchant banks in the capital markets? This saves valuable time and effort.

Banking 52
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StoneX picks up fixed income brokerage Octo Finances

The TRADE

StoneX has completed its acquisition of Paris-based fixed income brokerage firm, Octo Finances , as the firm seeks to bolster its presence in the asset class. Speaking at the time the acquisition was announced, Talabor Szabo, chief executive and co-founder of Octo Finances, enthused that joining StoneX [is] a natural fit for Octo Finances.

Finance 59