Latest news with #investmentbanking
Bloomberg
a day ago
- Business
- Bloomberg
HSBC Leads Charge as Banks Push UK to Soften Ring-Fencing Rules
The biggest UK lenders are pushing regulators to allow them each to use as much as £35 billion of their retail deposits to fund their investment banking activities, a move they say would put them on more level footing with the likes of JPMorgan Chase & Co. and Goldman Sachs Group Inc. The charge is being led by HSBC Holdings Plc, according to people familiar with the matter. The proposal is being presented as a potential compromise in the ongoing row over the UK's ring-fencing regime, which since 2013 has forced the separation of the largest banks' UK retail businesses from the rest of their operations, the people said.
Reuters
2 days ago
- Business
- Reuters
Goldman Sachs says deal outlook is good, but timing is uncertain
NEW YORK, May 29 (Reuters) - Goldman Sachs President John Waldron said on Thursday that the outlook for investment banking remains "quite good." The bank's pipeline for deals worldwide is strong despite uncertainty over timing as U.S. tariff policies roil markets and stall activity, he told investors at a conference. "Our investment banking business is very strong, and I think the outlook remains quite good," Waldron said. "The pipeline is strong all over the world... but as we've already said, the element of volatility makes it hard" to predict when deals will materialize. Corporate clients have a positive bias toward transactions and are still holding discussions about mergers, acquisitions and raising capital, Waldron said. Despite a broader slump in M&A, he cited a 30% increase in large deals valued at more than $500 million in the year to date as evidence of the market's resilience. "Obviously in the second quarter it's been much slower than in the first... Nonetheless, even post-Liberation Day, we've worked on a number of very sizeable, important M&A transactions."
Bloomberg
3 days ago
- Business
- Bloomberg
JPMorgan Sees Asia Deals on the Horizon in Volatile Markets
Dealmaking in Asia Pacific is looking pretty buoyant as companies assess the best places to allocate capital in volatile times, according to JPMorgan Chase & Co. 's head of investment banking in the region, Paul Uren. While the veteran banker and his team are measured in the outlook for transactions in APAC this year, they are busy talking with clients about ways to diversify their businesses or supply chains, including through mergers and acquisitions. Selling non-core assets, raising capital and refinancing debt are also under discussion, Uren said in an interview in Hong Kong.
Associated Press
4 days ago
- Business
- Associated Press
WealthTech Strategy Partners Taps Industry Veteran Scott MacKillop to Provide Strategic Advice to TAMPs
BOSTON, MA, UNITED STATES, May 27, 2025 / / -- WealthTech Strategy Partners, the only investment bank solely focused on WealthTech advisory, has announced the addition of Scott MacKillop as a Senior Advisor to bolster its TAMP strategic advisory business. With over 45 years of experience in the financial services industry, MacKillop brings a wealth of strategic insight and leadership to support the firm's continued growth and client success. Throughout his distinguished career, MacKillop has led and advised numerous prominent asset management and fiduciary service firms. He was the Founder and CEO of First Ascent Asset Management, a pioneer in flat-fee investment management that he sold to GeoWealth in 2023. He has also been the President of Frontier Asset Management, US Fiduciary Services, Trivium Consulting, Portfolio Management Consultants (PMC), and ADAM Investment Services. 'Scott is perfectly positioned to help lead our efforts to build out the TAMP portion of our advisory business,' remarked Kendrick Wakeman, CEO and Co-Founder of WealthTech Strategy Partners. 'I am confident that his knowledge, leadership, experience, and vision as a six-time TAMP innovator is going to be a huge benefit for our clients and the wealth management industry as a whole.' In addition to his executive leadership, MacKillop serves on the Board of Directors for the Institute for the Fiduciary Standard, reflecting his long-standing advocacy for investor protection and best practices in advisory services. MacKillop began his career as a lawyer in Washington, D.C., practicing from 1976 to 1991. He holds a law degree from George Washington University Law School and an undergraduate degree from Stanford University. 'Over the last 30 years, I have had the pleasure and honor of helping to move the TAMP industry forward in whatever ways I could,' said MacKillop. 'With the industry changing at a record pace, I am delighted to be part of the WealthTech Strategy team helping to keep the industry moving forward in the future.' For more information about WealthTech Strategy Partners, visit: Kendrick Wakeman WealthTech Strategy Partners email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
4 days ago
- Business
- Yahoo
India's 360 One plans to set up investment banking vertical
Indian wealth management company 360 One is set to expand its investment banking operations, reported Financial Express. The firm aims to build the investment banking vertical through Batlivala & Karani (B&K), a brokerage it acquired in January. B&K is known for its institutional brokerage. Mumbai-based 360 One, already holding an investment banking licence from SEBI, plans to expand B&K's small merchant banking operations into a full-service investment bank. The company, which has R5.79tn ($68bn) in assets under management, is also on the verge of closing four investment funds, according to a senior executive. These include a healthcare fund ranging from Rs7bn-Rs10bn, an angel fund of Rs5bn targeting domestic startups, a multi-asset fund for listed stocks, and a private credit fund of $8bn. The angel fund has already invested in a gaming company and a chilli sauce maker. In 2024, 360 One closed a R40bn secondary fund focused on the private equity landscape. The firm is majority-owned by Bain Capital since 2022 and has offices in Dubai and Singapore. As of March, foreign portfolio investors hold 67.2% of 360 One, with mutual funds owning 6.4% and total domestic institutional investor ownership at 8.5%. The company was listed on the BSE and NSE in 2019. In 2024, it acquired ET Money from Bennet Coleman and raised Rs22.5bn through a qualified institutional placement. Managing director and promoter Karan Bhagat holds a 14.2% stake, with half pledged. Investment banking in India is currently dominated by foreign banks and brokerages such as Citi, JP Morgan, Deutsche, Morgan Stanley, and UBS, with Kotak, SBI Caps, Axis Capital, JM Financial, and Edelweiss as key domestic players. Founded in 2008, 360 One made a deal with Swiss banking giant UBS in April, facilitated by Bain Capital. The firm agreed to acquire a Rs260bn wealth portfolio from UBS for $36m, while UBS agreed take a nearly a 5% stake in 360 One for $220m. The integration of the UBS wealth portfolio with 360 One is pending regulatory approval. Last week, UBS sought approval from the fair trade regulator CCI to acquire the stake in 360 One. "India's 360 One plans to set up investment banking vertical " was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
