Latest news with #financialgroup
Bloomberg
6 days ago
- Business
- Bloomberg
Macquarie CFO Harvey to Step Down
By Ben Westcott and Save Good morning everyone, it's Ben here in chilly Melbourne, here's what's making headlines today. Today's must-reads: • Macquarie CFO stepping down • Fortescue iron ore shipments hit quarterly high • Australia to ease restrictions on US beef imports Macquarie Chief Financial Officer Alex Harvey will step down effective December 31, the financial group announced alongside its first quarter trading update. Harvey will retire from mid-2026 after handing over to his successor Frank Kwok.
Bloomberg
09-06-2025
- Business
- Bloomberg
Jefferies Hiring 17 Traders as Outsourcing Booms on Wall Street
Jefferies Financial Group Inc. has begun the process of hiring more than a dozen traders in order to capitalize on a quiet shift in Wall Street money management: the outsourcing of the buy-side trader. The New York-based firm has already recruited nine additional traders for the effort and plans to bring eight more on board. With the extra staff, Jefferies is planning to push into offering outsourced trading for fixed-income products in addition to the equities desk it's had for years.
Zawya
03-06-2025
- Business
- Zawya
Al Salam Bank successfully closes $450mln AT1 capital issuance
Manama, Bahrain: Al Salam Bank (Bahrain Bourse trading code 'SALAM', Dubai Financial Market trading code 'SALAM_BAH') announced the successful close of its USD 450 million Additional Tier 1 (AT1) Capital issuance, reflecting strong investor confidence in the Bank's financial strength and long-term growth strategy. The issuance, which was structured as a private placement and advised by ASB Capital (the Group's asset management and investment banking arm headquartered in the DIFC), attracted substantial demand from regional and international investors. The AT1 Capital issuance forms a key initiative within the Group's broader financial optimization strategy, enhancing its capital position to support future growth plans. Following market leading annual growth exceeding 35% across balance sheet metrics, the issuance was designed to further enhance the Group's financial standing and capitalization profile. The issuance also underscores the Bank's commitment to sustainable growth and financial resilience, positioning it as a leading and diversified financial group in the region. The significant investor demand highlights the Group's ability to access liquidity from regional and global markets, reflecting strong investor confidence in the Bank's strategy and financial position. ASB Capital was mandated by Al Salam Bank to advise and structure the issuance. As part of its Capital Markets offering, ASB Capital provides innovative and tailored financing solutions to meet the evolving needs of clients by leveraging market expertise and strategic partnerships. Most recently, ASB Capital was also appointed as a joint lead manager by Bapco Energies in Q1 2025 for its USD 1 billion Sukuk issuance. Rafik Nayed, Group CEO of Al Salam Bank and Managing Director of ASB Capital, commented: 'The overwhelming response to our USD 450 million AT1 Capital issuance is a testament to Al Salam Bank's financial stability, market credibility, and strategic direction. Since 2020, we have consistently increased our total equity by more than 65%, and this issuance further strengthens our capital base and enhances our financial agility to execute our ambitious growth aspirations. We have recently rolled out an aggressive growth strategy across all Group companies. We are confident that the Group is well positioned to continue creating sustainable shareholder value.' Additionally, he stated: 'ASB Capital's ability to attract substantial investor demand, despite global market volatility, highlights the team's capabilities in the Capital Markets space. By focusing on efficient capital raising and tailored financing solutions, ASB Capital connects clients to a broad network of funding sources, enabling them to adapt to market conditions and achieve growth aspirations. In addition to Al Salam Bank's AT1 Capital issuance, the firm's Capital Markets pipeline includes mandates from regional financial institutions and institutional clients covering Sukuk, Tier 2 Capital, syndications, and other structured instruments.'
Reuters
15-05-2025
- Business
- Reuters
Unipol posts 18% rise in first-quarter net profit
May 15(Reuters) - Italian financial group Unipol ( opens new tab posted a 17.8% rise in its first-quarter net profit, which came in at 285 million euros ($319 million). Italy's second biggest insurer said its quarterly direct insurance income grew 19% to 5.0 billion euros. ($1 = 0.8946 euros)
CNA
15-05-2025
- Business
- CNA
Japan's MUFG posts record annual profit despite 41% slump in Q4
TOKYO :Japan's largest banking group Mitsubishi UFJ Financial Group clocked a record annual net profit even as fourth-quarter profit fell by 41 per cent. MUFG made a net profit of 114 billion yen ($782.11 million) in the January-March quarter compared to 192.8 billion yen in the same period the previous year. Annual profit hit 1.86 trillion yen, beating its previous record of 1.49 trillion yen last year. ($1 = 145.7600 yen)
