Financial services

CIBC Asset Management introduces new flexible yield ETF for access to global fixed income markets

Monday, January 27, 2020 - 12:00pm

The management fee is equal to the fee paid by the CIBC ETF to CIBC Asset Management Inc. and does not include applicable taxes or other fees and expenses of the CIBC ETF.

Key Points: 
  • The management fee is equal to the fee paid by the CIBC ETF to CIBC Asset Management Inc. and does not include applicable taxes or other fees and expenses of the CIBC ETF.
  • CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce.
  • CIBC Asset Management, Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors.
  • CAM is one of Canada's largest asset management firms, with over $140 billion in assets under administration as of December 2019.

LGB Corporate Finance Advises the Shareholders of Chairman Mentors International ("CMi") on Its Sale to MW&L Capital Partners ("MW&L")

Monday, January 27, 2020 - 11:18am

LONDON, Jan. 27, 2020 /PRNewswire/ --LGB Corporate Finance is pleased to announce that it has advised the shareholders of CMi, the leading provider of executive mentoring for chairmen and senior level executives, on its sale to MW&L Capital Partners.

Key Points: 
  • LONDON, Jan. 27, 2020 /PRNewswire/ --LGB Corporate Finance is pleased to announce that it has advised the shareholders of CMi, the leading provider of executive mentoring for chairmen and senior level executives, on its sale to MW&L Capital Partners.
  • CMi has built an international mentor roster comprising some of the most respected chairmen and has delivered over 280 mentoring engagements for high profile corporate clients in 10 countries, primarily in Western Europe.
  • The senior business figures on the list have collectively served as chairmen for over 165 listed companies and a further 125 private businesses.
  • In addition, Douglas Flint, chairman of Standard Life Aberdeen Plc and former chairman of HSBC Holdings Plc, and Clara Furse, former head of London Stock Exchange Group Plc both serve as mentors for CMi.

Citizens Financial Group to Present at the 2020 KBW Winter Financial Services Symposium

Friday, January 24, 2020 - 10:01pm

Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chief Information Officer, Head of Technology Services Michael Ruttledge will present at the 2020 KBW Winter Financial Services Symposium on Thursday, February 13, 2020 at 11:30 am ET.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chief Information Officer, Head of Technology Services Michael Ruttledge will present at the 2020 KBW Winter Financial Services Symposium on Thursday, February 13, 2020 at 11:30 am ET.
  • Citizens Financial Group, Inc. is one of the nations oldest and largest financial institutions, with $165.7 billion in assets as of December 31, 2019.
  • Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions.
  • Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings.

Ionix Technology Engages Maxim Group to Assist with its Growth Strategy and Up-list to a National Exchange

Friday, January 24, 2020 - 1:30pm

Ionix is looking to list its securities on a National Exchange in a bid to capitalize on its growth through the broad and developed investor base of the National Exchange.

Key Points: 
  • Ionix is looking to list its securities on a National Exchange in a bid to capitalize on its growth through the broad and developed investor base of the National Exchange.
  • Therefore, there can be no assurance that the Companys securities will be accepted by a National Exchange for listing.
  • Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York.
  • Ionix Technology, Inc. is a holding company that is principally engaged in the photoelectric display and smart energy industries.

International Day of Education: Over 40% of WorldRemit customers send money abroad for educational purposes

Friday, January 24, 2020 - 8:00am

A survey conducted by WorldRemit1 in 2019 found that among its customers in US, UK, Canada and Germany, 43% send money abroad for education purposes.

Key Points: 
  • A survey conducted by WorldRemit1 in 2019 found that among its customers in US, UK, Canada and Germany, 43% send money abroad for education purposes.
  • The money sent by WorldRemit customers is often used for education-related expenses that many take for granted in the UK.
  • We see it every day, many of our WorldRemit customers are working generous people who know education is critical.
  • Anne uses WorldRemit to send money back home, because, she says, Worldremit was the easiest thing to use.

PZU in Cooperation With Goldman Sachs Asset Management Launches Two New Passive Sub-funds and One Own Based on the Recently Created WSE CEEplus Index

Thursday, January 23, 2020 - 6:30pm

WARSAW, Poland, Jan. 23, 2020 /PRNewswire/ -- PZU is launching the sale of three new investment funds on the inPZU platform operated by TFI PZU.

Key Points: 
  • WARSAW, Poland, Jan. 23, 2020 /PRNewswire/ -- PZU is launching the sale of three new investment funds on the inPZU platform operated by TFI PZU.
  • Another big success today is the announcement of the start of sales of two new unique passive feeder funds, developed by TFI PZU in cooperation with Goldman Sachs Asset Management.
  • From 22 January 2020, PZU will offer on its inPZU platform two unique new passive feeder funds developed by TFI PZU in close collaboration withGoldman Sachs Asset Management.
  • In addition, the PZU investment fund company TFI PZU is launching the inPZU sub-fund CEEplus, developed in cooperation with the Warsaw Stock Exchange and based on the WSE's CEEplus index.

PZU in Cooperation With Goldman Sachs Asset Management Launches Two New Passive Sub-funds and One Own Based on the Recently Created WSE CEEplus Index

Thursday, January 23, 2020 - 6:29pm

WARSAW, Poland, Jan. 23, 2020 /PRNewswire/ -- PZU is launching the sale of three new investment funds on the inPZU platform operated by TFI PZU.

Key Points: 
  • WARSAW, Poland, Jan. 23, 2020 /PRNewswire/ -- PZU is launching the sale of three new investment funds on the inPZU platform operated by TFI PZU.
  • Another big success today is the announcement of the start of sales of two new unique passive feeder funds, developed by TFI PZU in cooperation with Goldman Sachs Asset Management.
  • From 22 January 2020, PZU will offer on its inPZU platform two unique new passive feeder funds developed by TFI PZU in close collaboration withGoldman Sachs Asset Management.
  • In addition, the PZU investment fund company TFI PZU is launching the inPZU sub-fund CEEplus, developed in cooperation with the Warsaw Stock Exchange and based on the WSE's CEEplus index.

Seacoast to Acquire Fourth Street Banking Company

Thursday, January 23, 2020 - 9:51pm

STUART, Fla., Jan. 23, 2020 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF) (Seacoast), the holding company for Seacoast National Bank (Seacoast Bank), today announced it has signed a definitive agreement to acquire Fourth Street Banking Co. ("Fourth Street"), the holding company for Freedom Bank of St. Petersburg.

Key Points: 
  • STUART, Fla., Jan. 23, 2020 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF) (Seacoast), the holding company for Seacoast National Bank (Seacoast Bank), today announced it has signed a definitive agreement to acquire Fourth Street Banking Co. ("Fourth Street"), the holding company for Freedom Bank of St. Petersburg.
  • Under the terms of the merger agreement, Fourth Street shareholders will receive 0.1275 shares of Seacoast common stock for each share of Fourth Street common stock.
  • The Company provides integrated financial services including commercial and retail banking, wealth management, and mortgage services to customers through advanced banking solutions, and 48 traditional branches of its locally-branded, wholly-owned subsidiary bank, Seacoast Bank.
  • Seacoast will file with the Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 containing a proxy statement of Fourth Street and a prospectus of Seacoast, and Seacoast will file other documents with the SEC with respect to the proposed merger.

Heartland Financial USA, Inc. Declares an 11% Increase in Quarterly Cash Dividend

Thursday, January 23, 2020 - 9:00pm

As of December 31, 2019, there were 36,704,278 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF.

Key Points: 
  • As of December 31, 2019, there were 36,704,278 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF.
  • Heartland is a diversified financial services company with assets of approximately $13 billion.
  • The company provides banking, mortgage, private client, investment, treasury management, card services and insurance to individuals and businesses.
  • Heartland currently has 115 banking locations serving 84 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California.

Congressional Bank Announces Craig Underhill as President of Community Banking Division

Thursday, January 23, 2020 - 7:23pm

Congressional Bank is excited to announce the hiring of Craig Underhill as President of the Community Banking Division, a newly created position.

Key Points: 
  • Congressional Bank is excited to announce the hiring of Craig Underhill as President of the Community Banking Division, a newly created position.
  • Prior to joining Congressional Bank, Underhill served as President and Chief Executive Officer for Freedom Bank of Virginia where he tripled the banks asset size during his 8-year tenure.
  • Additionally, Craig has held leadership positions with Potomac Bank, Allfirst Bank, Central Fidelity, and Dominion Bank over a 30 plus year career in banking.
  • About Congressional Bank: Congressional Bank ( www.congressionalbank.com ), headquartered in Bethesda, Maryland, services the Washington, D.C. metro region from its network of branches in Maryland, Virginia, and the District of Columbia.