Investment banks

Customers Bank Expands Fund Financing Focus With Strategic Hires

Retrieved on: 
Thursday, June 3, 2021

Customers Bank, a digital forward super-community bank with approximately $18.8 billion in assets, has hired Joseph M. Pennini as Managing Director and Head of Fund Finance.

Key Points: 
  • Customers Bank, a digital forward super-community bank with approximately $18.8 billion in assets, has hired Joseph M. Pennini as Managing Director and Head of Fund Finance.
  • Customers Bank is making a targeted effort to expand its Fund Finance business and, at the same time, deepen relationships with existing clients, said Lyle Cunningham, Executive Vice President and Chief Lending Officer at Customers Bank.
  • This market is underserved and is an area of strategic growth for the bank.
  • Customers Bank, a subsidiary of Customers Bancorp, Inc. (NYSE:CUBI) a bank holding company, is a full-service super-community bank with assets of approximately $18.8 billion at March 31, 2021.

XP Inc. Comments on IFA Activity in Brazil

Retrieved on: 
Wednesday, June 2, 2021

XP Inc. (Nasdaq: XP), or XP, a leading, technology-driven platform and a trusted provider of low fee financial products and services in Brazil, commented on the dynamic and high potential investment advisory business in Brazil and, specifically, about the recent developments involving the IFA activity in the country.

Key Points: 
  • XP Inc. (Nasdaq: XP), or XP, a leading, technology-driven platform and a trusted provider of low fee financial products and services in Brazil, commented on the dynamic and high potential investment advisory business in Brazil and, specifically, about the recent developments involving the IFA activity in the country.
  • XP Inc. has developed and invested in the Independent Financial Advisor (IFA) profession since its inception more than twenty years ago, having started as an IFA office and becoming a broker-dealer seven years later.
  • Based on a strong purpose, long-term vision, customer focus and constant investments in technology and systems, our IFA business and, consequently, our partnerships, have achieved exceptional success, with most IFA offices growing exponentially along with XP in recent years.
  • Furthermore, Brazilians are increasingly searching for better investment options, with both trends likely driving accelerating growth for the IFA profession in the coming years.

Six-Person Advisor Team Joins UBS Private Wealth Management in San Francisco, CA

Retrieved on: 
Tuesday, June 1, 2021

UBS Private Wealth Management announced today that John JT Davenport, Angela Colombani and Sean Livingston have joined the firm in San Francisco, California.

Key Points: 
  • UBS Private Wealth Management announced today that John JT Davenport, Angela Colombani and Sean Livingston have joined the firm in San Francisco, California.
  • Were thrilled to welcome JT, Angela, Sean and their team to the firm, said Todd Locicero, West Coast Market Head at UBS Private Wealth Management.
  • As the world's largest wealth manager, UBS Global Wealth Management provides comprehensive advice, solutions and services to wealthy families and individuals around the world.
  • Clients who work with UBS benefit from a fully integrated set of wealth management capabilities and expertise, including wealth planning, investment management, capital markets, banking, lending and institutional and corporate financial advice.

The Pacific Financial Group Named a Top Asset Management Firm

Retrieved on: 
Tuesday, June 1, 2021

BELLEVUE, Wash., June 1, 2021 /PRNewswire/ -- The Pacific Financial Group (TPFG), an SEC Registered Investment Advisory firm and leader in Self-Directed Brokerage Account Management, has again been named a top asset management firm by the Puget Sound Business Journal.

Key Points: 
  • BELLEVUE, Wash., June 1, 2021 /PRNewswire/ -- The Pacific Financial Group (TPFG), an SEC Registered Investment Advisory firm and leader in Self-Directed Brokerage Account Management, has again been named a top asset management firm by the Puget Sound Business Journal.
  • The Pacific Financial Group Named a Top Asset Management Firm by Leading Northwest Business Journal.
  • An early pioneer and innovator in the group retirement space, The Pacific Financial Group has built a unique market leadership position in self-directed brokerage for 401k, 403b, and 457 accounts.
  • Founded in 1984, The Pacific Financial Group, Inc. (TPFG)provides financial advisors with a complete suite of programs dedicated to building, managing, and preserving wealth for every investor.

UBS Advisor Tom Mahoney Named to Forbes/SHOOK Best-in-State Wealth Advisors List

Retrieved on: 
Tuesday, June 1, 2021

UBS Private Wealth Management announced today that Thomas Tom Mahoney, a Private Wealth Advisor and Senior Portfolio Manager with the firm in Los Angeles, California, has been named to the 2021 Forbes/SHOOK Research Best-in-State Wealth Advisors list.

Key Points: 
  • UBS Private Wealth Management announced today that Thomas Tom Mahoney, a Private Wealth Advisor and Senior Portfolio Manager with the firm in Los Angeles, California, has been named to the 2021 Forbes/SHOOK Research Best-in-State Wealth Advisors list.
  • Im proud to see that Tom has yet again been recognized to this prestigious list, said Lauren Gorsche, West Coast Complex Director at UBS Private Wealth Management.
  • This years Forbes/SHOOK Research Best-in-State Wealth Advisors list is comprised of over 5,000 Advisors across the country, managing more than $6 trillion in client assets.
  • As the world's largest wealth manager, UBS Global Wealth Management provides comprehensive advice, solutions and services to wealthy families and individuals around the world.

Bank of America Corporate Banking, Global Commercial and Business Banking Services Earns J.D. Power Certification for the 12th Consecutive Year

Retrieved on: 
Tuesday, June 1, 2021

Power Certified Customer Service Program has recognized Bank of Americas Corporate, Global Commercial and Business Banking Services for providing An Outstanding Customer Service Experience.

Key Points: 
  • Power Certified Customer Service Program has recognized Bank of Americas Corporate, Global Commercial and Business Banking Services for providing An Outstanding Customer Service Experience.
  • Congratulations to the Bank of America Corporate, Global Commercial and Business Banking Services team for providing an outstanding customer service experience over the phone for the 12th consecutive year, said Mark Miller, practice leader, Customer Service Advisory at J.D.
  • Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services.
  • For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts .

Williams to Participate in Upcoming UBS Industrial Conference

Retrieved on: 
Tuesday, June 1, 2021

Williams Industrial Services Group Inc. (NYSE American: WLMS) (Williams or the Company), an infrastructure, construction and maintenance services company, today announced that it will participate in the UBS Global Industrials and Transportation Virtual Conference on June 8, 2021.

Key Points: 
  • Williams Industrial Services Group Inc. (NYSE American: WLMS) (Williams or the Company), an infrastructure, construction and maintenance services company, today announced that it will participate in the UBS Global Industrials and Transportation Virtual Conference on June 8, 2021.
  • A general presentation by management will be held at 11:00 a.m. Eastern, with one-on-one calls scheduled throughout the day; institutional investors are encouraged to contact UBS directly or Williams investor relations with any questions or to confirm a time with management.
  • Williams Industrial Services Group has been safely helping plant owners and operators enhance asset value for more than 50 years.
  • The Company provides a broad range of infrastructure related services to customers in energy and industrial end markets, including construction, maintenance, modification and support services.

Wellington-Altus Welcomes Industry Veteran Gary Mayzes to Leadership Team

Retrieved on: 
Thursday, May 27, 2021

In this role Gary will focus on continuing to build out a best-in-class network of wealth management advisors in the firm's regional offices.

Key Points: 
  • In this role Gary will focus on continuing to build out a best-in-class network of wealth management advisors in the firm's regional offices.
  • Prior to joining Wellington-Altus, Gary was Managing Director and Region Head Alberta, Private Wealth Management & Wood Gundy for CIBC.
  • Gary has also been a successful Chairman's and President's Council Advisor in his past with Midland Walwyn and Merrill Lynch.
  • Gary is also an industry advocate and thought leader, actively contributing ideas and insight to help drive the evolution of the wealth and investment business.

DGAP-News: Alychlo has successfully completed the sale of shares in Fagron

Retrieved on: 
Thursday, May 27, 2021

Alychlo NV ("Alychlo") announces the successful completion of the sale of 3.6 million existing ordinary shares (the "Shares") of Fagron NV ("Fagron" or the "Company"), corresponding to total proceeds of c. 65 million, by means of a private placement via an accelerated bookbuild offering ("Private Placement"), that was launched yesterday.

Key Points: 
  • Alychlo NV ("Alychlo") announces the successful completion of the sale of 3.6 million existing ordinary shares (the "Shares") of Fagron NV ("Fagron" or the "Company"), corresponding to total proceeds of c. 65 million, by means of a private placement via an accelerated bookbuild offering ("Private Placement"), that was launched yesterday.
  • The Shares have been placed at a price of 18.10 per share.
  • Following the Private Placement, Alychlo, will hold approximately 5.0% of Fagron's current outstanding share capital and will hereby remain a fully committed and significant long term shareholder of the Company.
  • Berenberg, Gossler & Co. KG, Belfius Bank NV/SA and KBC Securities NV acted as Joint Global Coordinators and Bookrunners on the transaction.

HSBC Exits US Mass Market Retail Banking; Strategically Repositions US Retail Business Towards International Banking and Wealth Management

Retrieved on: 
Wednesday, May 26, 2021

HSBC Holdings plc (HSBC) today announces that it will exit its US domestic mass market retail banking business through several transactions, pending regulatory approval.

Key Points: 
  • HSBC Holdings plc (HSBC) today announces that it will exit its US domestic mass market retail banking business through several transactions, pending regulatory approval.
  • HBUS will exit its domestic mass market retail banking business and retail business banking (collectively the Business) through a number of divestitures, and wind-down of the residual branch network.
  • Noel Quinn, Group Chief Executive of HSBC, said:
    We are pleased to announce the sale of the domestic mass market of our US retail banking business.
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