Latest news with #SustainableFinance
Zawya
27-05-2025
- Business
- Zawya
HSBC named Best Investment Bank for M&A in Kuwait
Kuwait City: HSBC has been named the Best Investment Bank for M&A in Kuwait at the Euromoney Middle East Awards for Excellence, 2025. HSBC Middle East received three coveted awards for the Middle East's Best Investment Bank, Middle East's Best Bank for Sustainable Finance and Middle East's Best Bank for Equity Capital Markets. Other country awards included Qatar's Best Bank of Corporates, Saudi Arabia's Best Investment Bank and the UAE's Best International Bank and Best Investment Bank. Samer Alabed, CEO of HSBC Kuwait, said: 'These awards are reflective of our ability to offer unique solutions and services to clients in Kuwait while we fulfill our purpose of opening up a world of opportunity. Our global footprint combined with a long-lasting heritage in the country and the region give us the ability to connect clients across the world to opportunities for growth.' HSBC continues to leverage sectoral knowledge and its position as a trusted partner in complex, high impact deals. Recently, HSBC played a pivotal role as a financial advisor in a very significant transaction for the aviation sector in Kuwait. HSBC also provides thought leadership in areas of sustainability and finance with engagements across government, corporates and institutions to support execution of their transition plans. Taken together, this series of significant awards demonstrate the breadth of HSBC's network, the depth of its expertise, and its access to deep pools of finance. Media enquiries to: Greta Madgwick About HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024. List of HSBC's Euromoney Awards for Excellence win in the Middle East More information on the Euromoney awarding body and awarding mechanism can be found at
Zawya
22-05-2025
- Business
- Zawya
HSBC named Middle East's Best Investment Bank by Euromoney
HSBC has been named the Middle East's Best Investment Bank, Best Investment Bank for Equity Capital Markets and Best Bank for Sustainable Finance alongside key award wins for local markets Kuwait, Qatar, Saudi Arabia and the UAE at the Euromoney Middle East Awards for Excellence, 2025. With 10 wins over the past 15 years of the long-standing awards series, HSBC has been named Best Investment Bank in the Middle East more times than all competitors combined. In addition, in the Euromoney Islamic Finance Awards, HSBC was named as the world's 'Best Sukuk House' and 'Best Islamic Project Finance House' which are categories HSBC also won for the Middle East while also winning the region's Best Islamic Bank for ESG. Selim Kervancı, HSBC's Chief Executive for the Middle East, North Africa and Türkiye (MENAT) region, said: 'The variety of these awards show many of the geographies and specialties where our expertise and capabilities are market leading. 'Being named the Middle East's Best Investment Bank for the 10th time in 15 years speaks to the strength of our client partnerships and the expertise of our people. We're equally proud to be recognised as the Best Sustainable Finance Bank for the sixth year in a row, reflecting our deep commitment to supporting the region's transition - and as the Best International Bank in the UAE for the second year running. HSBC's investment banking leadership was also recognised in Saudi Arabia, the UAE and in Kuwait. In Qatar, HSBC was also named Best Bank for Large Corporates. 'These awards reflect our momentum, our regional connectivity, and our strategic focus on being where our clients need us most. The Middle East continues to be a very important market for HSBC. It is one of the regions where we will continue investing, focusing on supporting clients and connecting them with opportunities around our network,' Kervancı added. The awards come as HSBC further strengthens its investment banking capabilities in the Middle East with the recently announced Capital Markets and Advisory business. This new business underscores the Group's continued investment in its market-leading ECM and M&A capabilities in the region. The full list of Euromoney Awards conferred to HSBC in the Middle East for 2025: Awards for excellence: The Middle East's Best Investment Bank The Middle East's Best Investment Bank for ECM The Middle East's Best Bank for Sustainable Finance Kuwait's Best Investment Bank M&A Qatar's Best Bank for Large Corporates Saudi Arabia's Best Investment Bank The UAE's Best International Bank The UAE's Best Investment Bank Islamic The World's Best Sukuk House The World's Best Islamic Project Finance House The Middle East's Best Sukuk House The Middle East's Best Islamic Project Finance House The Middle East's Best Islamic Bank for ESG Saudi Arabia's Best Islamic Project Finance House Saudi Arabia's Best Islamic Bank for ESG Media enquiries to: Lucy Stewart +971 527254290 Wala Khaleel +971 569565669 HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.
The Hill
28-03-2025
- Business
- The Hill
SEC votes to stop defending climate disclosure rule
The Securities and Exchange Commission (SEC) voted to stop defending a rule that required some companies to disclose their planet-warming emissions and how climate change would impact their business. The Republican-majority commission's Thursday decision is not a surprise, as it had previously said it would pause its defense of the rule. However, the formal vote marks yet another step toward the likely death of a rule that sent shockwaves through Wall Street. The SEC's acting chair, Mark Uyeda, said in a statement that the rule was 'costly and unnecessarily intrusive.' However, climate activists said that the decision provides less transparency for the public. 'Letting companies hide climate risks doesn't make those risks any less real — it just makes it harder for investors to manage them and protect their long-term savings,' said Ben Cushing, director of the Sierra Club's Sustainable Finance campaign, in a statement.
Reuters
26-02-2025
- Business
- Reuters
New SEC guidance hits the Big 2, BlackRock and Vanguard
Feb 26 (Reuters) - The opinions expressed here are those of the author, a columnist for Reuters. This column is part of the weekly Reuters Sustainable Finance newsletter, which you can sign up for here: opens new tab New restrictions on U.S. asset managers' stewardship will fall mainly on industry leaders BlackRock and Vanguard, a new analysis shows. The two firms together manage nearly $22 trillion, reflecting the success of their low-cost passive funds. But their size has brought criticism across the political spectrum and led to various new regulations. On February 11, the U.S. Securities and Exchange Commission tightened guidance on reporting holdings for fund managers who pressure management on environmental, social or governance (ESG) issues. The guidance directs them to make a more complicated disclosure document known as a 13D filing, rather than the simple 13G. Critics worry the changes will silence investors' voices by discouraging them from weighing in on questions ranging from climate change to board structure. A review by Matt Moscardi, CEO of director analytics firm Free Float Analytics, found that in the fourth quarter BlackRock filed 13G disclosures for 2,363 of 4,529 publicly traded U.S. companies, and Vanguard filed 13Gs for 2,182 of them, signs of their giant influence across the economy. After those two, the pace dropped far off, with Dimensional Fund Advisors in third place having filed just 390 of the forms in the same period. Moscardi said the data underscores how the two firms have taken on a massive role and can easily influence corporate elections with their combined 10% or more of company shares. It also means the new SEC guidance could have a big impact, even if it mainly affects just the two firms, by dampening enthusiasm to press for changes lest a company challenge their status as a 13G filer. "My guess is that to not have companies challenge them, they have to take a softer touch," Moscardi said. The firms might ask about a topic but might not be able to press for changes such as annual board elections, even though their voting policies suggest that. A big question, he said, is whether a company would petition the SEC to declare BlackRock or Vanguard an activist if either firm asks a board about a topic, gets a dismissive answer and then votes contrary to management's wishes. "The companies are sitting in the drivers' seat on engagement," he said. Neither BlackRock nor Vanguard commented for this article. Both companies paused their stewardship meetings with portfolio companies while digesting the new guidance, although BlackRock said last week it has resumed the get-togethers. The New York firm also said "we are complying with the new requirements including by highlighting our role as a 'passive' investor at the start of each engagement." Ropes & Gray attorney Marc Rotter said smaller asset managers also could still face challenges with the new guidance. It is too soon to tell how they might respond. "I don't think the issue is limited to the largest asset managers. There's a greater number where the issues might be salient for a few positions, even if they're not filing a lot" of disclosures showing greater than 5% ownership, he said.
