Latest news with #GlobalGrowth
Globe and Mail
23-07-2025
- Business
- Globe and Mail
Alex Ham joins Barclays as Global Chairman of Investment Banking
Barclays today announced the appointment of Alex Ham as Global Chairman of Investment Banking, based in London. This press release features multimedia. View the full release here: Mr. Ham is a proven leader who brings 20 years of experience and leadership to Barclays. He joins from Deutsche Bank where he served as Co-CEO Deutsche Numis and Head of Global Private Growth Capital. In growing that franchise, Mr. Ham developed strong connectivity between European founders of high-growth companies and the leading global venture capitalists, private equity, and the public equity markets. He brings to Barclays deep connectivity in the key technology hubs around the world and strong client relationships with the entrepreneur community globally. This is critical as Barclays looks to be at the forefront of advising clients driving disruption and innovation. Commenting on the appointment, Cathal Deasy, Global Co-Head of Investment Banking at Barclays, said, 'We are excited Alex is joining Barclays and are confident he will bring to our Investment Banking franchise a unique combination of connectivity across the global growth and private capital ecosystems, with a proven track record as a trusted adviser to founder-led, high-growth companies.' Also commenting on the appointment, Taylor Wright, Global Co-Head of Investment Banking at Barclays, said, 'Alex will help us grow mindshare with venture capitalists and growth private equity investors, and deepen engagement with clients. This will further enhance the momentum in these franchises, while also contributing to our strategic objectives of growing market share in ECM and M&A.' Mr. Ham's appointment will strengthen Barclays' leading UK and European franchises across all industries. He starts in early 2026. About Barclays Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities.
Yahoo
20-06-2025
- Business
- Yahoo
BofA lifts STOXX 600 annual target to 530 points
(Reuters) -BofA Global Research on Friday raised its year-end target for the STOXX 600 index to 530 from 500 on resilience in global growth following a U.S.-China trade truce. European equities remain close to all-time highs despite the global trade war and escalating tensions in the Israel-Iran conflict, the Wall Street brokerage said. "The main reason for the resilience, is that these events (Israel-Iran conflict, trade war) have not yet translated into a clear-cut weakening in global growth," BofA said, maintaining its "negative" stance on the region's equities. The brokerage's current target for the pan-European benchmark index still implies a nearly 1.1% downside to its Thursday close of 535.86. While a trade deal between the U.S. and China as well as a benign May U.S. inflation report have brought some relief to financial markets, pressures from tariffs and escalating tensions in the Middle East are expected to weigh on global economic growth. BofA upgraded the European mining sector to "overweight" from "marketweight", citing attractive valuations after significant underperformance, with support from a weaker dollar. The brokerage downgraded airlines to "underweight" from "marketweight", on potential risks from higher oil prices if Middle East tensions escalate.
Reuters
20-06-2025
- Business
- Reuters
BofA lifts STOXX 600 annual target to 530 points
June 20 (Reuters) - BofA Global Research on Friday raised its year-end target for the STOXX 600 (.STOXX), opens new tab index to 530 from 500 on resilience in global growth following a U.S.-China trade truce. European equities remain close to all-time highs despite the global trade war and escalating tensions in the Israel-Iran conflict, the Wall Street brokerage said. "The main reason for the resilience, is that these events (Israel-Iran conflict, trade war) have not yet translated into a clear-cut weakening in global growth," BofA said, maintaining its "negative" stance on the region's equities. The brokerage's current target for the pan-European benchmark index still implies a nearly 1.1% downside to its Thursday close of 535.86. While a trade deal between the U.S. and China as well as a benign May U.S. inflation report have brought some relief to financial markets, pressures from tariffs and escalating tensions in the Middle East are expected to weigh on global economic growth. BofA upgraded the European mining sector to "overweight" from "marketweight", citing attractive valuations after significant underperformance, with support from a weaker dollar. The brokerage downgraded airlines to "underweight" from "marketweight", on potential risks from higher oil prices if Middle East tensions escalate.
Bloomberg
29-05-2025
- Business
- Bloomberg
Hedge Funds Return to Sohn Hong Kong After Mixed Year for Bets
After a tumultuous 12 months, it's no small achievement that the Sohn investment conference returns to Hong Kong on Friday with the better half of last year's picks having made money. Hedge fund managers will present their ideas at the Sohn Hong Kong Investment Leaders Conference as financial markets gyrate, with global growth and supply chains under threat and geopolitics mired in escalating tensions.
