Investment banks

Group of Leading Retail Brokers, Financial Services Firms, Banks, and Global Market Makers Plan to Launch the Only Member-Owned Equities Exchange, MEMX™, Members Exchange

Retrieved on: 
Monday, January 7, 2019
Finance, Money, Economy, Brokerage firms, Primary dealers, Subprime mortgage crisis, Financial markets, Investment banks, Virtu Financial, Broker-dealer, UBS, Merrill Lynch

NEW YORK, Jan. 7, 2019 /PRNewswire/ --A group of nine leading retail broker-dealers, banks, financial services firms, and global market makers, have agreed to launch an equities exchange, MEMX, or Members Exchange.

Key Points: 
  • NEW YORK, Jan. 7, 2019 /PRNewswire/ --A group of nine leading retail broker-dealers, banks, financial services firms, and global market makers, have agreed to launch an equities exchange, MEMX, or Members Exchange.
  • The new exchange will be owned entirely by its founding members and will seek to deliver benefits to retail and institutional investors by introducing greater competition to the marketplace.
  • MEMX will file an application with the Securities and Exchange Commission in early 2019 for approval to operate as a national securities exchange.
  • The founding members of MEMX are many of the largest U.S. retail broker-dealers, global banks, financial services firms and global market makers: Bank of America Merrill Lynch, Charles Schwab, Citadel Securities, E*TRADE, Fidelity Investments, Morgan Stanley, TD Ameritrade, UBS, and Virtu Financial.

Ravi Mehrotra Joins Evercore ISI Research Team

Retrieved on: 
Monday, January 7, 2019
Finance, Investment banks, Economy, Financial services, Evercore, Securities research, Mehrotra, Cowen Inc., EVR, Inter-Services Intelligence

NEW YORK, Jan. 7, 2019 /PRNewswire/ --Evercore (NYSE:EVR)announced today thatRavi Mehrotra has joined Evercore ISI's Healthcare Research team as a Senior Managing Director.

Key Points: 
  • NEW YORK, Jan. 7, 2019 /PRNewswire/ --Evercore (NYSE:EVR)announced today thatRavi Mehrotra has joined Evercore ISI's Healthcare Research team as a Senior Managing Director.
  • Dr. Mehrotra joins Senior Analysts Umer Raffat and Josh Schimmer, enabling continued expansion of coverage of the Biopharma sector.
  • Dr. Mehrotra brings over two decades of Healthcare equity research and investment banking experience to the Evercore ISI platform.
  • Prior to Credit Suisse, Dr. Mehrotra was Head of European Biotechnology Equity Research at SG Cowen and a Pharmaceuticals Equity Analyst at Deutsche Bank.

Angelo Gordon’s Twin Brook Capital Partners Commits over $2 Billion to Private Equity-Backed Healthcare Transactions

Retrieved on: 
Monday, January 7, 2019
Health, Other Health, Professional services, Banking, Finance, Finance, Money, Economy, Investment banks, Corporate finance, Investment, Private equity, Orix USA, Milbank, Tweed, Hadley & McCloy

Twin Brook Capital Partners (Twin Brook or the Firm), the middle-market direct lending subsidiary of Angelo Gordon, today announced that it has committed over $2 billion to private equity sponsors in support of healthcare sector transactions in the middle market, including over $1 billion last year alone.

Key Points: 
  • Twin Brook Capital Partners (Twin Brook or the Firm), the middle-market direct lending subsidiary of Angelo Gordon, today announced that it has committed over $2 billion to private equity sponsors in support of healthcare sector transactions in the middle market, including over $1 billion last year alone.
  • In 2018, Twin Brook closed on 30 healthcare transactions, bringing the Firms total number of healthcare transactions to more than 80 since inception.
  • In 2018, Twin Brook served as Lead Agent on nearly all healthcare transactions it supported, which included 15 new platform financings and 14 add-on financings.
  • Twin Brook Capital Partners is a finance company focused on providing cash-flow based financing solutions for the middle-market private equity community.

Stout Expands Investment Banking Operations in Europe

Retrieved on: 
Monday, January 7, 2019
United States securities law, Finance, Investment banks, Money, Stout Risius Ross, Economy, Securities Investor Protection Corporation, Financial Industry Regulatory Authority, Stout

Stout also welcomes Kevin Kissner as a Vice President in the Investment Banking group and as a member of the global TMT practice.

Key Points: 
  • Stout also welcomes Kevin Kissner as a Vice President in the Investment Banking group and as a member of the global TMT practice.
  • "It couldn't be a better time to establish the Stout brand in Germany," said Nick Jachim, head of Stout's Investment Banking group.
  • Stout is a leading independent provider of Investment Banking, Valuation Advisory, Dispute Consulting, and Management Consulting services.
  • Stout is a trade name for Stout Risius Ross, LLC, Stout Advisors SA, Stout GmbH, Stout Bluepeak Asia Ltd., and Stout Risius Ross Advisors, LLC, a FINRA-registered broker-dealer and SIPC member firm.

UBS Declares Coupon Payments on 22 ETRACS Exchange Traded Notes

Retrieved on: 
Friday, January 4, 2019
Professional services, Banking, Finance, Finance, Money, Economy, Investment banks, Subprime mortgage crisis, UBS, Warburg family, Coupon, Trademark, NYSE Arca, Yield, Exchange-traded note

As such, the Current Yield for each is not indicative of future coupon payments, if any, on these ETNs.

Key Points: 
  • As such, the Current Yield for each is not indicative of future coupon payments, if any, on these ETNs.
  • ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor.
  • The applicable offering document for each ETRACS may be obtained by clicking on the name of each ETRACS identified above.
  • The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS.

Credit Suisse Announces Coupon Amount on its Credit Suisse S&P MLP Index ETN (ticker symbol "MLPO").

Retrieved on: 
Friday, January 4, 2019
Finance, Financial services, Banks, Investment banks, Primary dealers, Credit Suisse, Credit risk, CSGN, Exchange-traded note

There can be no assurance that the MLPs included in the index will make any distributions in any future period.

Key Points: 
  • There can be no assurance that the MLPs included in the index will make any distributions in any future period.
  • The ETNs are subject to the credit risk of Credit Suisse.
  • Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse').
  • The registered shares (CSGN) of Credit Suisse AG's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York.

The Firmament Group Promotes Three Investment Professionals

Retrieved on: 
Thursday, January 3, 2019
Finance, Investment banks, Investment, Stifel, Financial services, Firmament, Infrastructure, Fortress Investment Group

Brian Peters, who joined Firmament as an Associate in May of 2017, has been promoted to Vice President.

Key Points: 
  • Brian Peters, who joined Firmament as an Associate in May of 2017, has been promoted to Vice President.
  • Prior to joining Firmament, Mr. Peters focused on transportation, logistics and infrastructure at Stifel Nicolaus and Fortress Investment Group.
  • Peter Strome, who joined Firmament as an Associate in August of 2016, has been promoted to Senior Associate.
  • Mr. Campbell has played an important role in Firmament's investments in Wastewater Specialties and GTG Technology Group, among others.

Layton Road Group Welcome Industry Veteran Tony Lombardi

Retrieved on: 
Thursday, January 3, 2019
Business, Economy, Aon, Investment banking, Financial services, Investment banks, Brokerage firms

NEW YORK, Jan. 3, 2019 /PRNewswire/ --The Layton Road Group ( www.laytonroadgroup.com ) is pleased to welcome industry veteranAnthony ('Tony') Lombardi as a Managing Director of the firm's newly established Chicagooffice.

Key Points: 
  • NEW YORK, Jan. 3, 2019 /PRNewswire/ --The Layton Road Group ( www.laytonroadgroup.com ) is pleased to welcome industry veteranAnthony ('Tony') Lombardi as a Managing Director of the firm's newly established Chicagooffice.
  • In addition to the firm's headquarters inNew York City, Layton Road will also have professionals inNew York, Dallas and San Francisco.
  • Tony joins the Layton Road Group after more than five years at Aon where he was an Associate Partner and led the emerging manager managed account platform there.
  • Layton Road Group, LLC ("Layton Road") was founded in 2017 with the belief that there was a better way to offer capital introduction & capital raising services to alternative investment managers, institutional investors and prime brokerage divisions within investment banks.The firm was founded byTom Mahala, a 26-year industry veteran of the prime brokerage industry.

Advisors Capital Management Elevates Dr. JoAnne Feeney to Partner

Retrieved on: 
Monday, December 31, 2018
Alan Greenspan, Committee for a Responsible Federal Budget, Freemen of the City of London, Investment banks, Finance, Financial services, Private equity secondary market

RIDGEWOOD, N.J., Dec. 31, 2018 /PRNewswire/ -- Nationally recognized investment advisory and portfolio management firm, Advisors Capital Management (ACM), is pleased to announce the elevation of Dr. JoAnne Feeney to partner.

Key Points: 
  • RIDGEWOOD, N.J., Dec. 31, 2018 /PRNewswire/ -- Nationally recognized investment advisory and portfolio management firm, Advisors Capital Management (ACM), is pleased to announce the elevation of Dr. JoAnne Feeney to partner.
  • Dr. Feeney joined the firm in 2015 as a portfolio manager and member of the firm's investment committee, which includes Former Federal Reserve Chairman, Dr. Alan Greenspan, as its senior economic adviser.
  • Prior to joining ACM, Dr. Feeney was senior equity analyst for more than 10 years at boutique sell-side firms including Punk, Ziegel & Co., FTN Equity Capital, Longbow Research, and ABR Investment Strategy where she focused on the valuation of semiconductor companies.
  • Established in 1998, ACM is a registered investment advisory firm managing over $2 billion in private client and separate account portfolios with customized strategies ranging from capital appreciation to capital preservation.

Provident Healthcare Partners Wins Big at the 10th Annual M&A ATLAS AWARDS

Retrieved on: 
Wednesday, December 19, 2018
Investment banks, Evercore

BOSTON and LOS ANGELES, Dec. 19, 2018 /PRNewswire/ -- Provident Healthcare Partners was the recipient of three awards at the 10th Annual Americas M&A ATLAS AWARDS: Healthcare Services Investment Bank of the Year; Healthcare Services M&A Deal of the Year; and USA Private Equity Deal of the Year (in the middle market category).

Key Points: 
  • BOSTON and LOS ANGELES, Dec. 19, 2018 /PRNewswire/ -- Provident Healthcare Partners was the recipient of three awards at the 10th Annual Americas M&A ATLAS AWARDS: Healthcare Services Investment Bank of the Year; Healthcare Services M&A Deal of the Year; and USA Private Equity Deal of the Year (in the middle market category).
  • The Annual Awards Gala & Ceremony took place on November 29, 2018 at the Metropolitan Club in New York.
  • Provident has been the recipient of a total of 17 M&A ATLAS AWARDS over the past eight years.
  • Provident is the leading investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation for healthcare service companies.