Latest news with #InvestmentBanking
Bloomberg
2 days ago
- Business
- Bloomberg
Perella Weinberg Hires Veteran Greenhill Dealmaker David Wyles
Perella Weinberg Partners is hiring veteran Greenhill & Co. dealmaker David Wyles as it seeks to beef up its European team. Wyles is set to join Perella as a London-based partner after a period of gardening leave, a spokesperson for the bank confirmed in response to Bloomberg News queries. He previously helped run Greenhill's business in Europe, the Middle East and Africa.
Zawya
3 days ago
- Business
- Zawya
National Investments Company Kuwait's Best Investment Bank for ECM for 2025
In recognition of its exceptional services and continued achievements both locally and regionally, National Investments Company (NIC) has been awarded the title of Best Investment Bank in Equity Markets – Kuwait 2025 by Euromoney, one of the world's most prominent financial publications. This prestigious accolade highlights NIC's unwavering commitment to delivering world-class financial and advisory services to its clients. Commenting on the award, Bashar Khan, Managing Director of the Investment Banking Sector at NIC, said: 'We are honored to receive this distinguished recognition for the second consecutive year. It reflects the dedication of our team and our ongoing drive to create value for our clients and shareholders through excellence in investment banking services.' Khan emphasized that NIC's Investment Banking Sector has become a key competitive player in the local market and a growing force in the regional arena. This success is attributed to the sector's diverse advisory capabilities and its active engagement in Alternative Investments across local, regional, and global markets. He noted that the sector has recently managed a wide array of investment mandates, including mergers and acquisitions, capital increases, private placements, and high-impact advisory services. These efforts are in-line with NIC's strategic focus on service diversification and positioning itself as a premier investment advisor delivering innovative, value-driven solutions. Bashar Khan noted that National Investments Company has successfully executed a number of distinguished transactions with a total value exceeding USD 2 billion. These included leading a preferred share issuance for a prominent and reputable energy company, in addition to managing multiple mergers and acquisitions, acquisition financing, and capital increases across various firms. The company also successfully oversaw several private placements and strategic advisory mandates. These accomplishments reflect NIC's ongoing strategy to diversify its service offerings and reinforce its position as a leading investment advisor in both local and regional markets. By delivering innovative solutions that promote sustainable growth and enhance value for clients and shareholders, NIC continues to demonstrate its commitment to excellence—a success made possible by the exceptional professionalism and expertise of its team. Khan concluded by stating that these accomplishments reinforce NIC's standing as a leading investment bank. They also showcase the company's ability to offer tailored, effective solutions that align with NIC's clients' long-term goals while cementing the company's role as a trusted advisory partner. It is worth noting that Euromoney bases its awards on comprehensive qualitative and quantitative assessments, including innovation, service delivery, sector impact, and feedback from industry experts. For over 50 years, Euromoney has honored institutions that make meaningful contributions to the financial services sector, setting benchmarks in quality, innovation, and client success.
Zawya
25-05-2025
- Business
- Zawya
SICO's fixed income strategy wins Best MENA Fixed Income Fund Strategy
RELATED TOPICS FINANCIAL SERVICES RELATED COMPANIES Centl Bk Bahrain SICO Invest Sprott Strategic SICO BSC (c), a leading regional asset manager, broker, and investment bank, with direct presence in Bahrain, Saudi Arabia, and the UAE, announced today that it has been awarded the prestigious award of Best MENA Fixed Income Strategy over 1 Year for 2024 by Global Banking & Markets Middle East Awards. The strategy achieved a remarkable net return of 5.4% in 2024, significantly outperforming the FTSE MENA Broad Bond Index, which recorded a return of 3.4%. This recognition marks the second time that SICO has received this esteemed award, following their recognition in 2022. As of March 2025, SICO has USD 7.9 billion in assets under management including six main GIPS Composites, alongside other customized management portfolios and three public funds in fixed income and money market strategies. Ali Marshad, Group Head of Fixed Income Asset Management at SICO expressed his pride in receiving the award, saying, 'We are honoured to have once again received this prestigious recognition, which reflects our commitment to excellence in delivering value to our clients. This achievement is a testament to our investment philosophy, strong trading infrastructure, and dedicated team, especially in a year that proved challenging for this asset class. Additionally, our strategic presence in Saudi Arabia through SICO Capital further enhances our ability to support clients in the region and drive impactful investment outcomes. Our goal is to build on this success by helping our clients achieve consistent and sustainable above-average returns, ensuring they benefit from our expertise in the evolving market landscape, while offering better protection on the downside.' Manuel Al Mutawa, Vice President of Fixed Income Asset Management at SICO, highlighted the strategic approach that led to this success, commenting, 'What helped us last year despite the market volatility was that we focused on maintaining a neutral duration with a skew towards non-investment grade assets, an overweight position in Egypt and Saudi, as well as particular security selection in high-yield corporates. Our regional diversification and active management allowed us to capture attractive opportunities across both sovereign and quasi-sovereign and corporate issuers, while maintaining a strong risk-adjusted return profile for our clients.' Following the success of its SICO Fixed Income Fund, which was launched in 2013, SICO expanded its offerings by introducing the Shari'ah-compliant Elzaad Sukuk Fund in 2023, which complements the existing SICO Capital Murabaha Fund for Shari'ah investors. These initiatives allow clients to capitalize on short-, medium-, and long-term market opportunities while providing numerous customized products yielding high single-digit returns. 'Congratulations to SICO on this well-deserved recognition," said Victoria Behn, Managing Director of Global Banking & Markets. 'In a year defined by volatility and uncertainty, SICO Asset Management's Fixed Income Fund has stood out as a beacon of stability and skill. SICO proved its tactical excellence across MENA's complex debt landscape. With active positioning across sovereign and corporate bonds, a sharp focus on liquidity, and rigorous credit discipline, SICO managed to protect capital while capturing upside. In a market where preservation and performance rarely align, SICO's Fixed Income strategy is the clear choice for Best MENA Fixed Income Fund, 1 Year.' The Global Banking & Markets Middle East Awards recognise the most innovative and ground-breaking deals from sovereign, corporate, and financial institution issuers, borrowers, and investors. The awards celebrate the exceptional performance of financial institutions and professionals who have demonstrated excellence. SICO Asset Management was honoured for its exceptional work and dedication to providing fixed income strategies in the MENA region. About SICO SICO is a leading regional asset manager, broker, and investment bank with USD 7.9 bn in assets under management (AUM). Today, SICO operates under a wholesale banking licence from the Central Bank of Bahrain and also oversees two wholly owned subsidiaries: an Abu Dhabi-based brokerage firm, SICO Invest, and a full-fledged capital markets services firm, SICO Capital, based in Saudi Arabia. Headquartered in the Kingdom of Bahrain with a growing regional and international presence, SICO has a well-established track record as a trusted regional bank offering a comprehensive suite of financial solutions, including asset management, brokerage, investment banking, and market making, backed by a robust and experienced research team that provides regional insight and analysis of more than 90 percent of the region's major equities. Since inception in 1995, SICO has consistently outperformed the market and developed a solid base of institutional clients. Going forward, the bank's continued growth will be guided by its commitments to strong corporate governance and developing trusting relationships with its clients. The bank will also continue to invest in its information technology capabilities and the human capital of its 150 exceptional employees. Media Contact: Ms. Nadeen Oweis Head of Corporate Communications, SICO Email: noweis@
Yahoo
22-05-2025
- Business
- Yahoo
Wall Street Eyes a New Wave of Tech IPOs
CATL soars in its Hong Kong trading debut. The success of the stock offering is raising hopes that other companies will follow suit. Phil Drury, Global Head of Technology Media & Communications, Investment Banking at Citi joined Wall Street Beat on Bloomberg Open Interest to discuss the resurgence of tech IPOs. Sign in to access your portfolio
Zawya
21-05-2025
- Business
- Zawya
Burgan Bank renews its sponsorship of the bonds, loans & sukuk Middle East Conference in Dubai
Kuwait, In its latest effort to play a proactive role in advancing the retail, corporate and investment banking sector across the region, Burgan Bank sponsored the Bonds, Loans & Sukuk Middle East 2025 event alongside market leaders, including S&P Global, Fitch, J.P. Morgan, and numerous others. Considered the largest of its kind in the Middle East, the two-day conference attracted more than 75 expert speakers and over 1,800 senior capital market professionals, from government officials to corporate executives, investors, bankers, legal consultants, regulators, and service providers, including 80% of all regional issuers in 2024/2025. Burgan Bank's renewed sponsorship of this event confirms its steadfast commitment to advancing as a trusted financial partner with a growing portfolio of investment banking services tailored to the market's varying needs and aligned with Environmental, Social, and Governance (ESG) principles. In this regard, Mr. Abdullah Abdulmajeed Marafie, General Manager – Treasury & Financial Institutions at Burgan Bank, underscored the importance of sponsoring events as vital as Bonds, Loans & Sukuk Middle East, which aligns with the Bank's strategic pillars of strengthening Kuwait's business and re-allocating assets through growing and diversifying Burgan Bank's corporate profile, fortifying its liquidity and risk profiles, as well as reinvesting and seeking growth opportunities in new markets. In addition, Burgan Bank's continued success at financing local and international government and government-related entities, as well as banks and financial institutions, echoes its funding strategy aimed at developing a diversified funding base to achieve sustainable growth and, in turn, contributing to the 'New Kuwait 2035' development plan with a core focus on sustainability and sustainable, ethical investment. On his part, Mr. Mohamed Najeeb Al Zanki, General Manager – Corporate Banking at Burgan Bank, said: 'Kuwait continues to grow as a destination for ambitious foreign investors seeking to expand their presence and be part of the momentous development that's reshaping the region. Thanks to Burgan Bank's expanding suite of corporate banking services and products, we are able to facilitate large-scale foreign investments that continue to drive positive change to our local infrastructure and most vital sectors.' 'At Burgan Bank, we recognize that success in corporate and investment banking is driven by strong connections across countries and markets. Events like Bonds, Loans & Sukuk Middle East play a pivotal role in fostering these connections, providing a platform to deepen relationships and stay at the forefront of industry evolution. Through our sponsorship of such events, we gain timely insights into global and regional financial landscapes, which are essential to shaping a competitive advantage and central to our continued growth as a trusted partner for foreign institutions and corporate clients,' he added. This year, the conference addressed several pressing topics, beginning with 'MENA in 2025/26: Navigating Global Economic Shifts and Regional Challenges' and moving on to 'The Issuer Perspective: Financing Strategies from the Region's Leading Corporates'; 'Unlocking Growth and Global Potential in Islamic Finance'; and 'The evolution of loan syndications in the Middle East: Balancing pricing, sustainability, and competition', among other market-defining conversations. It's worth noting that Burgan Bank continues to focus on two key strategic goals within its overall business strategy: diversifying and growing its corporate portfolio whilst investing in expanding and leveraging its retail business. On the corporate front, the Bank has recently achieved several notable feats on the investment and financing fronts, including its acquisition of a 100% stake in United Gulf Bank B.S.C (UGB), a wholesale banking licensed in Bahrain with an 'Islamic window', in addition to signing a memorandum of understanding (MoU) with Korea Finance for Construction (KFINCO), making Burgan Bank the sole representative bank in Kuwait for the South Korean co-op institution. Earlier successes also include the Bank's issuance of KD 150 million Perpetual Additional Tier 1 Capital Bonds, which were met with higher-than-anticipated demand, leading to oversubscription and confirming strong investor interest in the Bank's offerings. About Burgan Bank Established in 1977, Burgan Bank is a Kuwait-based conventional bank with a significant focus on the corporate and financial institution sectors. From its earliest days, the Bank has significantly sought to diversify its offering to cater to its growing retail and private banking customer base. Burgan Bank has majority-owned subsidiaries, collectively known as the 'Burgan Bank Group', in the MENAT region. This Group is supported by one of the largest branch networks across the region and includes: Gulf Bank Algeria – AGB (Algeria), Tunis International Bank – TIB (Tunisia), and Burgan Bank Turkey. Furthermore, Burgan Bank has a presence in the UAE through its corporate office, Burgan Financial Services Limited. The Bank has continuously improved its performance over the years, through an expanded revenue structure, diversified funding sources, and a strong capital base. The adoption of state-of-the-art services and technology has positioned it as a trendsetter in the domestic market and within the MENA region. Moreover, Burgan Bank's brand has been built on a foundation of real values – trust, commitment, excellence, and progression – which serve as a reminder of the high standards to which the Bank always aspires. In fact, the Bank's core philosophy of 'Driven by You' is the foundation on which its products and services are continuously developed. Burgan Bank has achieved the LEED v4.1 O+M: EB Gold Certification for its Head Office in Kuwait City. The Bank has also obtained the ISO/IEC 27001: 2022 Information Security Management Systems certificate (ISMS), ISO /IEC 27701:2019 Privacy Information Management Systems (PIMS), ISO/IEC 20000-1: 2018 Information Technology Service Management System (ITSMS) and was re-certified with the prestigious ISO 9001:2015 Quality Management System (QMS), making it one of the few banks in the GCC and Kuwait to receive such certification for five consecutive times. At the same time, the Bank has the distinction of being the only Bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award for twenty consecutive years. Moreover, in a testament to its dedication to the development of its human capital, Burgan Bank is the first bank in Kuwait to be certified as a Great Place to Work®, earning the distinct honor in 2023. Burgan Bank is a majority-owned subsidiary of KIPCO (Kuwait Projects Company), one of the largest holding companies in the MENA region.
