Investment banking

Doug Braunstein to Join Wells Fargo as Vice Chairman

Retrieved on: 
Tuesday, February 27, 2024
Banking, Professional Services, Finance, Investment banking, Wells Fargo, Harvard Law School, Multimedia, Wells Fargo Center, Investment, CIB, UJA, Braunstein, JPMC, Trustee, Vice, WFC, JPMorgan Chase, Management

Wells Fargo & Company (NYSE:WFC) today announced that Doug Braunstein will join the company as Vice Chairman, effective February 28.

Key Points: 
  • Wells Fargo & Company (NYSE:WFC) today announced that Doug Braunstein will join the company as Vice Chairman, effective February 28.
  • At Wells Fargo, Doug will work alongside our business leaders and bankers on growing the company’s corporate finance and advisory businesses, while also providing counsel to Wells Fargo senior management on broader business issues.
  • View the full release here: https://www.businesswire.com/news/home/20240227742180/en/
    Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo)
    Braunstein joins Wells Fargo with more than 35 years of industry experience, including nearly two decades at JPMorgan Chase (JPMC), where he held several executive management roles, including Chief Financial Officer and Vice Chairman.
  • In addition, the breadth of Doug’s experience means he’ll be an effective advisor to Wells Fargo’s senior management team on business issues beyond client development.”
    Doug Braunstein said, “I am truly excited to join Wells Fargo.

Barclays and Blackstone Credit & Insurance Agree to Sale of Credit Card Receivables

Retrieved on: 
Tuesday, February 27, 2024
Banking, Professional Services, Finance, Elis James, Barclays, Investment banking, Growth, Sale, Transaction, Prudential regulation, Account, IRB, Infrastructure, PLC, Update, Blackstone Credit, Credit, Insurance, Bank

Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”).

Key Points: 
  • Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”).
  • This is the first in a series of activities Barclays plans to conduct to reduce its risk-weighted assets (RWAs) and create additional lending capacity for BBDE.
  • As part of the Transaction, BBDE will enter into a long-term strategic forward flow sale and servicing arrangement with Blackstone related to the Accounts.
  • Barclays Bank PLC will invest into the Transaction alongside Blackstone’s insurance accounts.

JPMorgan Chase RUN 2024 Celebrates Its 11th Edition in India

Retrieved on: 
Tuesday, February 27, 2024
Professional Services, Sports, Running, Finance, Asset Management, Banking, Woman, Investment banking, RUN, Multimedia, Education, Payment, Run, HIV, International finance, Commercial, Health, City, Disability, Volunteering, Veteran, Child, JPMorgan Chase

JPMorgan Chase recently held its 11th annual corporate employee run across Bengaluru, Hyderabad, Mumbai, and Pune.

Key Points: 
  • JPMorgan Chase recently held its 11th annual corporate employee run across Bengaluru, Hyderabad, Mumbai, and Pune.
  • View the full release here: https://www.businesswire.com/news/home/20240226664735/en/
    Run 2024 - Mumbai - Image 1 (Photo: Business Wire)
    “Each year, the JPMC Run gets bigger and more energetic.
  • JPMorgan Chase is a leading global financial services firm with a presence in India since 1922 through its predecessors.
  • With a long history and robust presence in India, JPMorgan Chase is committed to supporting its clients, and strengthening the communities in which it operates.

Cross River Launches Premier Fintech Investment Banking Franchise

Retrieved on: 
Monday, February 26, 2024
Other Professional Services, Finance, Consulting, Banking, Professional Services, Technology, Fintech, Other Technology, Investment, SVB Securities, Barclays, Morgan Stanley, Creativity, PIPE, Investment banking, Cross River Bank, Financial services

The Investment Banking team will be a part of CRB Securities, LLC, and will be led by industry veterans Benjamin Samuels and Henry Pinnell as Co-Heads of Investment Banking.

Key Points: 
  • The Investment Banking team will be a part of CRB Securities, LLC, and will be led by industry veterans Benjamin Samuels and Henry Pinnell as Co-Heads of Investment Banking.
  • “We are proud to launch our investment banking division of our broker dealer with two well-respected professionals in the industry, combining decades of experience in both the fintech industry and capital markets,” said Gilles Gade, Founder and CEO of Cross River.
  • Henry Pinnell joins as Co-Head of Investment Banking from SVB Securities, where he was a Senior Managing Director and led the Fintech Investment Banking effort.
  • Prior to SVB Henry was a Managing Director in the Investment Banking Division at Barclays Bank PLC where he led the firm’s Emerging Fintech franchise.

Durlston Partners Welcomes Vikram Tandon to Strengthen Its Portfolio Management & Quant Recruitment Services

Retrieved on: 
Wednesday, February 21, 2024
Professional Services, Data Analytics, Human Resources, Finance, Fintech, Asset Management, The Wall Street Journal, Data science, Reuters, Risk, DCM, Partner, Investment banking, Tandon, Digital asset, Financial services

Durlston Partners, a leading recruitment firm specializing in Technology, Quantitative Finance, Data Science, and Digital Assets, proudly announces the addition of Vikram Tandon as a seasoned consultant in financial services executive recruiting.

Key Points: 
  • Durlston Partners, a leading recruitment firm specializing in Technology, Quantitative Finance, Data Science, and Digital Assets, proudly announces the addition of Vikram Tandon as a seasoned consultant in financial services executive recruiting.
  • "Vikram's wealth of experience significantly strengthens our ability to provide exceptional talent advisory services," said Meraj Bahram, Managing Partner at Durlston Partners in London.
  • “A big thank you to Meraj and the partners for bringing me into this talented team,” said Vikram Tandon.
  • Durlston Partners is a leading recruitment firm specializing in Technology, Quantitative Finance, Data Science, and Digital Assets.

Axway Announces Entering Into Exclusive Discussions to Acquire Most of Sopra Banking Software Activities

Retrieved on: 
Wednesday, February 21, 2024
Technology, Mobile, Wireless, Banking, Other Technology, Professional Services, Software, Internet, Data Management, Other Professional Services, Acquisition, Investment banking, Prospectus, Person, OEM, API management, Growth, AMF, GMT, Organization, AXW, Sopra Steria, DNA, SBS, Partnership, Risk management

Axway (Paris:AXW) today announces entering into exclusive discussions regarding the potential acquisition of most of Sopra Banking Software (“SBS”) activities, which are currently part of Sopra Steria Group.

Key Points: 
  • Axway (Paris:AXW) today announces entering into exclusive discussions regarding the potential acquisition of most of Sopra Banking Software (“SBS”) activities, which are currently part of Sopra Steria Group.
  • Axway would acquire the SBS activities concerned by the operation for an enterprise value of €330m.
  • Sopra Steria granted exclusive rights to Axway and Sopra GMT to negotiate the envisaged transactions.
  • Pierre Pasquier, Chairman of Axway, Sopra Steria and Sopra GMT, declared:
    "Axway's proposed acquisition of most of SBS's activities represents an undeniable strategic opportunity for both companies.

Zelman’s #1-Ranked Investment Banking Team Advised Dream Finders on Its Successful Acquisition of Crescent Homes

Retrieved on: 
Monday, February 19, 2024
Consulting, Residential Building & Real Estate, Banking, Commercial Building & Real Estate, Construction & Property, Professional Services, Building Systems, Architecture, Asset Management, Other Construction & Property, Finance, Acquisition, WD, DFH, Personality, Documentation, IPO, Ecosystem, Investment banking, Housing, Partner, Financial services

Zelman Partners , A Walker & Dunlop Company (NYSE: WD), served as exclusive buy-side M&A advisor to Dream Finders Homes (NYSE: DFH) on its acquisition of privately-owned homebuilder Crescent Homes.

Key Points: 
  • Zelman Partners , A Walker & Dunlop Company (NYSE: WD), served as exclusive buy-side M&A advisor to Dream Finders Homes (NYSE: DFH) on its acquisition of privately-owned homebuilder Crescent Homes.
  • The acquisition meaningfully enhances Dream Finders’ geographic footprint and allows the company to expand into the markets of Charleston and Greenville, South Carolina, and Nashville, Tennessee.
  • I’m incredibly proud to be surrounded by the most talented, dedicated, experienced, and hard-working colleagues in the business,” stated Zelman’s Head of Investment Banking, Tony McGill .
  • For more information please visit Zelman Investment Banking or contact us directly here or 212-993-5855.

Mesirow Advises Vivabox Solutions, LLC, a Portfolio Company of Lion Equity Partners, on its Sale to Veritiv Corporation

Retrieved on: 
Friday, March 8, 2024
Professional, MD, Mesirow, Sale, Entrepreneurship, Investment banking, Partnership

Vivabox is a full-service provider of customized, premium marketing solutions including tailored, multi-brand kitting solutions and packaging products for luxury and premium consumer brands.

Key Points: 
  • Vivabox is a full-service provider of customized, premium marketing solutions including tailored, multi-brand kitting solutions and packaging products for luxury and premium consumer brands.
  • The Company helps brands grow and engage customers by providing innovative brand experiences that create immediate customer impact and deepen overall brand engagement.
  • Vivabox is headquartered in Rockville, MD but provides solutions on a global scale to its clients.
  • The sale of Vivabox represents another successful business services and distribution & supply chain assignment completed by Mesirow Investment Banking.

Global Online Banking Market Competitive Analysis 2024, by Service Type, Platform, Banking Type and Geography

Retrieved on: 
Wednesday, March 6, 2024
Online, Cloud, Investment, Retail banking, Growth, SWOT, Oracle Corporation, Risk, Deployment, COVID-19, Geography, Market development, Observation, NCR Corporation, Ansoff matrix, Microsoft, MuleSoft, Analysis, Investment banking, Component, Retail

The Global Online Banking Market is segmented based on Service Type, Platform, Banking Type, and Geography.

Key Points: 
  • The Global Online Banking Market is segmented based on Service Type, Platform, Banking Type, and Geography.
  • By Banking Type, the market is classified into Retail Banking, Corporate Banking, and Investment Banking.
  • The report presents a detailed Ansoff matrix analysis for the Global Online Banking Market.
  • The publisher analyses the Global Online Banking Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Brian Price Named CEO of Mesirow Wealth Management

Retrieved on: 
Wednesday, March 6, 2024
Acquisition, Wealth management, RIA, Mesirow, Growth, Hospital, Price, Weizmann Institute of Science, Organization, Investment banking, Management

CHICAGO, March 6, 2024 /PRNewswire/ -- Mesirow, an independent, employee-owned financial services firm, today announced the appointment of Brian D. Price as CEO of Mesirow Wealth Management .

Key Points: 
  • CHICAGO, March 6, 2024 /PRNewswire/ -- Mesirow, an independent, employee-owned financial services firm, today announced the appointment of Brian D. Price as CEO of Mesirow Wealth Management .
  • Since November 2022, he has served as Interim Head of Wealth Management, providing strategic direction while driving strong organic growth as well as inorganic growth through acquisitions and key hires.
  • "Over the past year, under Brian's leadership, our offering to clients has expanded through new capabilities and the acquisition of Front Barnett , a leading RIA," said Natalie Brown , Mesirow CEO.
  • As a Barron's Top 100 RIA firm , Mesirow Wealth Management offers a differentiated approach that places equal emphasis on customized, comprehensive wealth plans that evolve along with clients' lives and expert investment selection in all markets, including access to traditional stock and bond opportunities as well as alternative investments.