Credit Suisse

UBS Announces Assumption of Three Outstanding Credit Suisse ETNs; Rebranding as “ETRACS”

Retrieved on: 
fredag, maj 31, 2024
Banking, Professional Services, Finance, CUSIP, Zorg, PBM, UBS AG, Credit Suisse, UBS, Commercial, Exchange-traded note

UBS Group AG announced on May 31, 2024, that it has completed the merger of UBS AG and Credit Suisse AG (the “Parent Bank Merger” or “PBM”).

Key Points: 
  • UBS Group AG announced on May 31, 2024, that it has completed the merger of UBS AG and Credit Suisse AG (the “Parent Bank Merger” or “PBM”).
  • At the effective time of the PBM, Credit Suisse AG was deregistered in the Commercial Register of the Canton of Zurich and has ceased to exist as a separate entity.
  • With the PBM, UBS AG has succeeded to all the rights and obligations of Credit Suisse AG, including under the three outstanding series of Exchange Traded Notes previously issued by Credit Suisse AG listed below (collectively, the “ETNs”).
  • In connection with the PBM and the assumption of Credit Suisse AG’s obligations under such ETNs, UBS AG rebranded each of the ETNs, which were formerly issued under the “X-Links®” brand, as “ETRACS.” Following the PBM, each of the ETNs will remain traded on NASDAQ under the same ticker symbol, will have the same CUSIP identifiers, and the terms and conditions applicable to each of the ETNs will remain the same.

Ihsan Essaid Appointed Chief Financial Officer of QXO

Retrieved on: 
tisdag, maj 28, 2024
Perella Weinberg Partners, M&A, MBA, Columbia Business School, Mathematics, Credit Suisse

GREENWICH, Conn., May 28, 2024 (GLOBE NEWSWIRE) -- Jacobs Private Equity II, LLC (“JPE”), led by Brad Jacobs, today announced the appointment of Ihsan Essaid as incoming chief financial officer of QXO , Inc., the publicly traded company Jacobs intends to lead in the $800 billion building products distribution industry.

Key Points: 
  • GREENWICH, Conn., May 28, 2024 (GLOBE NEWSWIRE) -- Jacobs Private Equity II, LLC (“JPE”), led by Brad Jacobs, today announced the appointment of Ihsan Essaid as incoming chief financial officer of QXO , Inc., the publicly traded company Jacobs intends to lead in the $800 billion building products distribution industry.
  • Brad Jacobs, incoming chairman and chief executive officer of QXO, said, “Ihsan is a heavy hitter in the M&A world with an exceptional track record.
  • He joins QXO from Barclays, where he most recently served as global head of M&A, following roles as co-head of global M&A and co-head of Americas M&A.
  • Since joining Barclays in 2021, he has advised on more than $50 billion of transactions across a range of sectors.

Luis de Guindos: Interview with Oberösterreichische Nachrichten

Retrieved on: 
tisdag, maj 28, 2024
Uncertainty, ECB, European Central Bank, Baltic, Finance, Communication, Pressure, Council, Kremlin, Raiffeisen Bank International, Risk, Instability, Interview, Frankfurt, Personal ordinariate, RBI, Reproduction, Perception, Credit Suisse, Security printing

We quantify both the direct and the portfolio re-balancing impact, emphasizing the role of investor heterogeneity.

Key Points: 
  • We quantify both the direct and the portfolio re-balancing impact, emphasizing the role of investor heterogeneity.
  • We use proprietary security-level data on asset holdings of different investors.
  • We measure the direct impact on security level, finding that it is smaller for securities predominantly held by more price-elastic investors, funds and banks.

Texas Capital Names David Oman as Chief Risk Officer

Retrieved on: 
tisdag, maj 21, 2024
PwC, BNY Mellon, BofA Securities, UBS, Bank, Growth, Credit Suisse, Culture, Risk management, Texas Capital Bank

DALLAS, May 21, 2024 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced the appointment of David Oman to serve as the firm’s Chief Risk Officer (CRO), effective June 10, 2024.

Key Points: 
  • DALLAS, May 21, 2024 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced the appointment of David Oman to serve as the firm’s Chief Risk Officer (CRO), effective June 10, 2024.
  • Oman will report directly to Texas Capital’s President & Chief Executive Officer Rob C. Holmes and serve as a member of the firm’s Operating Committee.
  • Oman joins Texas Capital from PricewaterhouseCoopers (PwC) where he served as a Managing Director in the firm’s financial risk practice.
  • “David’s extensive professional experience in risk management makes him a strong fit for our next Chief Risk Officer,” said Holmes.

NextNav Announces Appointment of Jonathan Marcus to Board of Directors

Retrieved on: 
torsdag, maj 16, 2024
PNT, Special, Prudential Securities, Broadbill, NextNav, GPS, NN, Credit Suisse, Management

MCLEAN, Va., May 16, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced the appointment of Jonathan A. Marcus to the Company’s Board of Directors, effective May 16, 2024.

Key Points: 
  • MCLEAN, Va., May 16, 2024 (GLOBE NEWSWIRE) -- NextNav (Nasdaq: NN) (“NextNav” or the “Company”) a leader in next generation positioning, navigation, and timing (PNT) and 3D geolocation, today announced the appointment of Jonathan A. Marcus to the Company’s Board of Directors, effective May 16, 2024.
  • “We are excited to have Jon join the NextNav Board of Directors,” said NextNav CEO Mariam Sorond.
  • He is also currently on the board of directors for Anacomp, Inc. and Kaspien Holdings Inc.
  • “I am pleased to be joining the NextNav Board of Directors,” stated Mr. Marcus.

WebBank Announces Ken Laudano named SVP – Head of Credit Structuring & Counterparty Risk

Retrieved on: 
onsdag, maj 22, 2024
Banking, Professional Services, Finance, Statistics, Credit, Lease, University, Private equity, BNY Mellon, Chartered Alternative Investment Analyst, SVP, Senior, CAIA, Economics, Morgan Stanley, FDP, Research, Credit Suisse, Operation, Management

WebBank today announced the appointment of Ken Laudano as the Senior Vice President – Head of Credit Structuring & Counterparty Risk.

Key Points: 
  • WebBank today announced the appointment of Ken Laudano as the Senior Vice President – Head of Credit Structuring & Counterparty Risk.
  • Ken joined WebBank in May 2024, and in this newly created role he will lead the team responsible for managing the credit risk of WebBank’s asset finance lending portfolio.
  • Ken brings more than 20 years of asset finance industry experience to the role, including extensive credit structuring, cash flow modeling, and portfolio management expertise.
  • Before joining WebBank, Ken worked at East West Bank where he served as SVP / Deputy Chief Credit Officer for Structured Finance and Private Equity.

The RMR Group Appoints Summit Walia as Vice President, Head of Residential Acquisitions

Retrieved on: 
onsdag, maj 15, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, LaSalle Investment Management, University, Investment, RMR, Duff, Senior, JPMorgan Chase, Growth, Duff & Phelps, Summit, JLL, Acquisition, Business & Finance, Gold, Multimedia, Credit Suisse, Advisory Council, Commercial property

The RMR Group (Nasdaq: RMR) today announced the appointment of Summit Walia as Vice President, Head of Residential Acquisitions.

Key Points: 
  • The RMR Group (Nasdaq: RMR) today announced the appointment of Summit Walia as Vice President, Head of Residential Acquisitions.
  • In this new role, Mr. Walia will lead the execution of RMR Residential’s investment strategy nationwide and will report to Rob Lester, Senior Vice President, Chief Investment Officer, Residential .
  • RMR Residential is actively seeking opportunities to broaden its investor base, strengthen its competitive position and expand its product and service offerings.
  • The RMR Residential acquisitions team includes Michael Palmer, Senior Director, Acquisitions; Brent Josephson, Senior Director, Acquisitions; and Thomas Evans, Director, Acquisitions.

Piper Sandler Strengthens Energy & Power Investment Banking with the Addition of Ryan Tull

Retrieved on: 
måndag, maj 13, 2024
Banking, Fintech, Professional Services, Finance, Piper Sandler Companies, Credit Suisse, J. P. Morgan, Cryptocurrency

Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Ryan Tull as a managing director on the energy & power investment banking team.

Key Points: 
  • Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Ryan Tull as a managing director on the energy & power investment banking team.
  • Tull will focus on oilfield services & equipment, energy & power infrastructure and energy technology.
  • “Ryan is an experienced banker that will bring significant market knowledge and a strong personal network to further enable successful transactions for our clients in the M&A advisory and capital markets segments,” said Sanjiv Shah , global co-head of energy & power investment banking at Piper Sandler.
  • “Through the addition of Ryan, we are continuing to expand our energy and power franchise at Piper Sandler and everyone is excited to have him join the team.

Oppenheimer Expands Technology Investment Banking Group with Addition of Yogesh Amle

Retrieved on: 
måndag, maj 13, 2024
TMT, Barclays, Yogesh, BMO Capital Markets, Research, Oppenheimer Holdings, CFA, Credit Suisse, Cryptocurrency

NEW YORK, May 13, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank and subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today that it has expanded its Technology Investment Banking group with the addition of Yogesh Amle as Managing Director, co-Head of Infrastructure Software. He will be based in Oppenheimer's San Francisco office and report to Robin Graham, the firm's Head of Technology Investment Banking.

Key Points: 
  • NEW YORK, May 13, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank and subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today that it has expanded its Technology Investment Banking group with the addition of Yogesh Amle as Managing Director, co-Head of Infrastructure Software.
  • He will be based in Oppenheimer's San Francisco office and report to Robin Graham, the firm's Head of Technology Investment Banking.
  • He has also worked in various roles in Citi, Barclays and J.P. Morgan's respective Technology, Media and Telecom (TMT) Investment Banking groups.
  • Oppenheimer's Technology Investment Banking group is comprised of 15 senior bankers with deep sub-sector expertise across more than 10 sectors within Technology.

Helvetica focuses on targeted expertise for its funds

Retrieved on: 
fredag, maj 10, 2024
Credit Suisse, Sale, University, CFO, Investment, Economics, Accounting, FH, Country, MRICS, UBS, Asset management, Knowledge

As part of the overall strategy, the further development of Helvetica and the positioning of its funds on the market is to be ensured in the long term with in-depth expertise.

Key Points: 
  • As part of the overall strategy, the further development of Helvetica and the positioning of its funds on the market is to be ensured in the long term with in-depth expertise.
  • The strategic expansion of staff brings proven experience and specific expertise to Helvetica: Dirk Adriaenssen is responsible for Asset Management, Mauro Golinelli for Investor Relations, particularly in French-speaking Switzerland, and Ruedi Voegeli for Finance, Controlling and Accounting.
  • Together with his team, he is responsible for the asset management and strategic management of all Helvetica investment vehicles' properties.
  • In addition to providing general customer support for all Helvetica investment vehicles, he will expand Helvetica's investor presence in French-speaking Switzerland.