UBS

NewEdge Wealth Establishes Atlanta Office in Buckhead

Retrieved on: 
Wednesday, February 7, 2024

Pritchett and Noble, formerly of The Pritchett Group at J.P. Morgan Wealth Management, join NewEdge Wealth along with an experienced client service associate.

Key Points: 
  • Pritchett and Noble, formerly of The Pritchett Group at J.P. Morgan Wealth Management, join NewEdge Wealth along with an experienced client service associate.
  • “The Southeastern United States represents a massive and relatively underserved high net worth and ultra high net worth wealth management market, and we are excited that Roland and Andrew will help NewEdge provide this region with best-in-class service,” said Rob Sechan, Co-Founder and CEO of NewEdge Wealth.
  • In 1999, Pritchett was hired by current NewEdge Wealth President, John Straus, at Morgan Stanley Private Wealth Management, where he also played a pivotal role in opening its first Atlanta office.
  • Pritchett said, “The future of high net worth and ultra high net worth wealth management service is with growth-minded firms like NewEdge.

UBS Advisor Team Rimmel Mehaffey Pessy Wealth Consulting Group Named to Forbes Best-In-State Wealth Management Teams list

Retrieved on: 
Wednesday, February 7, 2024

UBS Wealth Management USA today announced that Rimmel Mehaffey Pessy Wealth Consulting Group , an advisor team in the firm’s Pittsburgh, PA office, has been named to the Forbes Best-In-State Wealth Management Teams list for 2024.

Key Points: 
  • UBS Wealth Management USA today announced that Rimmel Mehaffey Pessy Wealth Consulting Group , an advisor team in the firm’s Pittsburgh, PA office, has been named to the Forbes Best-In-State Wealth Management Teams list for 2024.
  • This is the second consecutive year that the team has been ranked the top advisor team (#1) in Pennsylvania – West by Forbes.
  • “We’re proud of the team’s dedication, leadership, and excellence in helping each client pursue what matters most to them.”
    Rimmel Mehaffey Pessy Wealth Consulting Group is led by Financial Advisors Jim Rimmel and Dan Pessy.
  • Dan Pessy began his career at UBS in December 1999, joining the Rimmel Mehaffey Pessy Wealth Consulting Group in August 2000.

Pagaya Closes Five-Year $280M Credit Facility with BlackRock, UBS, JPMorgan Chase and Other Lenders

Retrieved on: 
Wednesday, February 7, 2024

Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today the closing of a credit facility with participation from Funds and Accounts managed by BlackRock U.S.

Key Points: 
  • Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today the closing of a credit facility with participation from Funds and Accounts managed by BlackRock U.S.
  • Private Capital (“BlackRock”), UBS O’Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank.
  • “We are pleased to partner with Pagaya and support its next stage of growth through this facility,” said Dan Worrell, Managing Director at BlackRock.
  • Proceeds from the facility will be used to pay off outstanding borrowings from the Company's previous facility, invest in product innovation, and grow its network with both existing and new lending and investor partners.

East West Bancorp to Participate at Bank of America, UBS 2024 Financial Services Conferences

Retrieved on: 
Wednesday, February 7, 2024

East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), announced today that Christopher Del Moral-Niles, Chief Financial Officer, will present at the Bank of America 2024 Financial Services Conference on Thursday, February 22nd, 2024, at 10:30 a.m. Eastern Time in Miami, Florida.

Key Points: 
  • East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), announced today that Christopher Del Moral-Niles, Chief Financial Officer, will present at the Bank of America 2024 Financial Services Conference on Thursday, February 22nd, 2024, at 10:30 a.m. Eastern Time in Miami, Florida.
  • He will also participate in a fireside chat at the UBS 2024 Financial Services Conference on Monday, February 26th, 2024, at 9:40 a.m. Eastern Time in Miami, Florida.
  • Mr. Del Moral-Niles will meet with investors and discuss East West’s business, performance, and strategy.
  • The live audio webcasts, presentation materials, and replays will be available on the Events and Presentations page of East West’s Investor Relations site at www.eastwestbank.com/investors .

Franchise Equity Partners Commences 2024 With New Hires and Promotions

Retrieved on: 
Tuesday, February 6, 2024

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Franchise Equity Partners (FEP), a private investment firm on a mission to create long-term partnerships with quality franchisees and franchisors, today announced the addition of three hires, Ari Herman, Chief Financial Officer (CFO), Grant Mueller, Senior Associate, and Alex Chang, Associate, alongside four promotions within its investment team: Matt Crowe to Vice President, Katie Haverty to Vice President, John Esposito to Associate, and Riad Hallal to Associate.

Key Points: 
  • Ari boasts over 12 years of experience in private equity back-office operations, most recently holding the title of Private Equity Controller at Casdin Capital.
  • Prior to this role, he was the Vice President of Finance and Operations at Level Equity and the Controller/Vice President of Finance at Solera Capital.
  • In addition to welcoming Ari, Grant, and Alex, FEP is dedicated to developing its internal team and began 2024 with four promotions across its investment division.
  • For more information about Franchise Equity Partners, please visit https://www.fep-us.com/ .

Seven UBS advisor teams in Arizona named to the Forbes Best-in-State Wealth Management Teams 2024 list

Retrieved on: 
Tuesday, February 6, 2024

UBS Wealth Management USA announced today that seven of the firm’s financial advisor teams in Arizona have been named to the Forbes Best-In-State Wealth Management Teams list for 2024.

Key Points: 
  • UBS Wealth Management USA announced today that seven of the firm’s financial advisor teams in Arizona have been named to the Forbes Best-In-State Wealth Management Teams list for 2024.
  • “We are proud that our advisor teams here in Arizona, as well as many others across the US, have received this prestigious industry recognition.”
    The UBS wealth management teams named to the list in Arizona are:
    The Schultz Group , ranked #1 in the state, includes Financial Advisors Steven Schultz, Stockton Schultz, and Justin Low.
  • Jennifer has been recognized twice to the Forbes Top Women Wealth Advisors list (2020, 2023) and Scott has been named to the Forbes Top Next-Gen Advisors list (2019).
  • The second annual Forbes/SHOOK Best-In-State Wealth Management Teams list features more than 4,100 teams with cumulative assets of $5.1 trillion.

Capital Markets IT and DLT expert Jean Safar joins NowCM as Group CTO

Retrieved on: 
Tuesday, February 6, 2024

LUXEMBOURG, Feb. 6, 2024 /PRNewswire/ -- Jean Safar, renowned for his expertise in designing and implementing cutting-edge distributed systems, is appointed as Group Chief Technology Officer (CTO) at NowCM.

Key Points: 
  • LUXEMBOURG, Feb. 6, 2024 /PRNewswire/ -- Jean Safar, renowned for his expertise in designing and implementing cutting-edge distributed systems, is appointed as Group Chief Technology Officer (CTO) at NowCM.
  • Jean spent 2 years at Digital Asset as its Field CTO managing the architecture and implementation of the largest production-based Canton DLT and Canton Network projects across Asia, Europe, and the USA.
  • Notably, Jean will be dedicating his efforts to cutting-edge areas such as AI and DLT (Distributed Ledger Technology).
  • Jean Safar added: "I look forward to working with Robert, his co-founders, and the exceptional team of advisors and experts.

Capital Markets IT and DLT expert Jean Safar joins NowCM as Group CTO

Retrieved on: 
Tuesday, February 6, 2024

LUXEMBOURG, Feb. 6, 2024 /PRNewswire/ -- Jean Safar, renowned for his expertise in designing and implementing cutting-edge distributed systems, is appointed as Group Chief Technology Officer (CTO) at NowCM.

Key Points: 
  • LUXEMBOURG, Feb. 6, 2024 /PRNewswire/ -- Jean Safar, renowned for his expertise in designing and implementing cutting-edge distributed systems, is appointed as Group Chief Technology Officer (CTO) at NowCM.
  • Jean spent 2 years at Digital Asset as its Field CTO managing the architecture and implementation of the largest production-based Canton DLT and Canton Network projects across Asia, Europe, and the USA.
  • Notably, Jean will be dedicating his efforts to cutting-edge areas such as AI and DLT (Distributed Ledger Technology).
  • Jean Safar added: "I look forward to working with Robert, his co-founders, and the exceptional team of advisors and experts.

UBS Comments on Cummins’ (CMI) Record-Setting $1.675 Billion US Environmental Fine Amid Investor Class Action – Hagens Berman

Retrieved on: 
Monday, February 5, 2024

Cummins Inc. (CMI) Securities Fraud Class Action:

Key Points: 
  • Cummins Inc. (CMI) Securities Fraud Class Action:
    In a report to clients, analysts at UBS recently commented on Cummins’ agreement to pay a $1.675 billion fine for installing devices on hundreds of thousands of engines to allow them to emit excess pollution, the largest-ever civil penalty for a Clean Air Act violation.
  • “We are investigating whether Cummins intentionally made false statements concerning its public health and regulatory compliance,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
  • Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
  • For more information, call Reed Kathrein at 844-916-0895 or email [email protected] .

Franchise Equity Partners Commences 2024 With New Hires and Promotions

Retrieved on: 
Monday, February 5, 2024

NEW YORK, Feb. 5, 2024 /PRNewswire/ -- Franchise Equity Partners (FEP), a private investment firm on a mission to create long-term partnerships with quality franchisees and franchisors, today announced the addition of three hires, Ari Herman, Chief Financial Officer (CFO), Grant Mueller, Senior Associate, and Alex Chang, Associate, alongside four promotions within its investment team: Matt Crowe to Vice President, Katie Haverty to Vice President, John Esposito to Associate, and Riad Hallal to Associate. FEP's commitment to strengthening its team from within, while adding the right external additions has helped the private investment firm draw closer to its initial target portfolio of $1 billion.

Key Points: 
  • Ari boasts over 12 years of experience in private equity back-office operations, most recently holding the title of Private Equity Controller at Casdin Capital.
  • In addition to welcoming Ari, Grant, and Alex, FEP is dedicated to developing its internal team and began 2024 with four promotions across its investment division.
  • FEP is led by Co-Founders and Managing Partners Mike Esposito and Scott Romanoff, both retired partners at Goldman Sachs with nearly three decades each of experience.
  • For more information about Franchise Equity Partners, please visit https://www.fep-us.com/ .