Financial services

Hercules Capital Receives Confirmed BBB Investment Grade Rating with Revised Outlook to Positive from Morningstar DBRS

Retrieved on: 
Thursday, March 21, 2024
Professional Services, Finance, Capital, Growth, DBRS, Ecosystem, BBB, Financial services

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Morningstar DBRS (“DBRS”) has confirmed Hercules’ investment grade credit and corporate rating of BBB with a trend revision from Stable to Positive, as well as its underlying analysis.

Key Points: 
  • Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Morningstar DBRS (“DBRS”) has confirmed Hercules’ investment grade credit and corporate rating of BBB with a trend revision from Stable to Positive, as well as its underlying analysis.
  • “We are very pleased that DBRS has confirmed our BBB investment grade credit and corporate rating and revised the outlook to positive,” stated Seth Meyer, chief financial officer of Hercules.
  • Historical credit performance has been strong, underpinned by a well-designed risk management framework, and demonstrated solid underwriting and portfolio monitoring performance across multiple economic cycles.
  • The Company also has a broad, diversified funding profile and conservative regulatory leverage.

Altera, An Alternative Asset Manager, Exceeds $400M In Committed Capital.

Retrieved on: 
Thursday, March 21, 2024
Banking, Asset Management, Professional Services, Finance, GP, Investment, Financial services

Since inception, the firm has backed over 35 GPs across private equity, real assets, and private credit.

Key Points: 
  • Since inception, the firm has backed over 35 GPs across private equity, real assets, and private credit.
  • “At the end of day, we want to be a lower middle market sponsors’ preferred, flexible capital partner.
  • “It is important to note that the Altera ownership group and our investment team has committed over $125M to our own strategies.
  • Altera is an alternative asset manager that capitalizes the lower middle market.

Innovative Solutions & Support, Inc. Announces New Chief Financial Officer

Retrieved on: 
Thursday, March 21, 2024
Air, Transport, Aerospace, Manufacturing, Certified Public Accountant, Growth, CFO, Financial services, Security (finance), Senior, ISSC, Cryptocurrency

Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announces that it has appointed Jeffrey DiGiovanni to the position of Chief Financial Officer, effective as of April 8, 2024.

Key Points: 
  • Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) today announces that it has appointed Jeffrey DiGiovanni to the position of Chief Financial Officer, effective as of April 8, 2024.
  • “Jeff is a seasoned public company CFO with experience in SEC filings, financial reporting and acquisitions, as well as capital markets interaction.
  • Coincident with this hire, Relland M. Winand will no longer be serving as the Company’s interim Chief Financial Officer.
  • As of April 8, 2024, Mr. Winand has agreed to consult with the Company on an advisory basis to assure a smooth transition of the Chief Financial Officer role.

Kerrick Henderson at The Michalzuk Group at Morgan Stanley Receives CHARTERED FINANCIAL ANALYST® Designation

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Finance, Consulting, Asset Management, Banking, Personal Finance, CFA Institute, Trust, Chartered, Wealth, Wealth management, Morgan Stanley Wealth Management, Insurance, Morgan Stanley, CFA, Curriculum, Retirement, Economics, SIPC, Financial services

Morgan Stanley (NYSE: MS) today announced that Kerrick Henderson, a Private Wealth Advisor with The Michalzuk Group has earned the Chartered Financial Analyst® (CFA® ) designation.

Key Points: 
  • Morgan Stanley (NYSE: MS) today announced that Kerrick Henderson, a Private Wealth Advisor with The Michalzuk Group has earned the Chartered Financial Analyst® (CFA® ) designation.
  • Kerrick Henderson, CFA and his partner Kevin Michalzuk, formed The Michalzuk Group to simplify the complexities of multi-generational wealth for the 12 enterprising families they serve.
  • Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
  • Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services.

Accenture Reports Second-Quarter Fiscal 2024 Results

Retrieved on: 
Thursday, March 21, 2024
Technology, Finance, Security, Consulting, Professional Services, Software, Networks, Data Analytics, Data Management, Artificial Intelligence, Managed services, Public, EPS, Webcast, ESG, Financial services, EDT, GAAP, Multimedia, Share repurchase, Service, Movement, Video game

Accenture (NYSE: ACN) reported financial results for the second quarter of fiscal 2024 ended February 29, 2024.

Key Points: 
  • Accenture (NYSE: ACN) reported financial results for the second quarter of fiscal 2024 ended February 29, 2024.
  • The adjusted effective tax rate for the second quarter of fiscal 2024 was 18.8%, compared with 20.4% for the second quarter of fiscal 2023.
  • Accenture’s business outlook for fiscal 2024 continues to assume that the foreign-exchange impact on its results in U.S. dollars will be flat compared with fiscal 2023.
  • Accenture will host a conference call at 8:00 a.m. EDT today to discuss its second quarter of fiscal 2024 financial results.

Trupanion Named 2024 Stevie® Awards Finalist for Three Sales & Customer Service Categories

Retrieved on: 
Thursday, March 21, 2024
Technology, Professional Services, Health, Pets, Health Insurance, Software, Fintech, Insurance, Consumer, Veterinary, Finance, City centre, Organization, Customer service, Stevie Awards, Financial services, NPS, Dog, Gold, Stevie, International business, Pet, Cat, Parent

In 2023, Trupanion’s Customer Service team supported over 41,000 members who needed round-the-clock support, calling in outside of normal business hours.

Key Points: 
  • In 2023, Trupanion’s Customer Service team supported over 41,000 members who needed round-the-clock support, calling in outside of normal business hours.
  • The awards are presented by the Stevie Awards, which organizes several of the world’s leading business awards shows including the prestigious American Business Awards® and International Business Awards®.
  • Entries were considered in more than 90 categories for customer service and contact center achievements, including Contact Center of the Year, Award for Innovation in Customer Service, and Customer Service Department of the Year.
  • Details about the Stevie Awards for Sales & Customer Service and the list of Finalists in all categories are available at www.StevieAwards.com/Sales .

Julius Swolsky of Graystone Capital Advisors Receives “Most Active Broker” Award on Crexi

Retrieved on: 
Wednesday, March 20, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Consulting, Professional Services, REIT, Other Construction & Property, Residential Building & Real Estate, Graystone Ballroom, Real estate investment trust, Senior, Financial services

Graystone Capital Advisors, a leading investment sales brokerage, has announced that Julius Swolsky has been recognized by Crexi as the most active broker on their platform.

Key Points: 
  • Graystone Capital Advisors, a leading investment sales brokerage, has announced that Julius Swolsky has been recognized by Crexi as the most active broker on their platform.
  • “This recognition speaks to Julius’s work ethic and his dedication to his clients in proactively delivering premium results,” adds Brenton Baskin, Managing Director at Graystone.
  • Graystone Capital Advisors was presented with Crexi’s Platinum Broker Award.
  • To be recognized as a Platinum Broker, Crexi users must land in the top percentage of brokers using the platform taking into account several metrics including sales volume and platform activity.

North Highland Recognized by Independent Research Firm Among Notable Organizational Culture Consulting Service Providers

Retrieved on: 
Wednesday, March 20, 2024
Technology, Consulting, Professional Services, Data Management, Financial services, Government, Environment, Sales

North Highland , the leading change and transformation consultancy, was named a “Notable Provider” in Forrester’s report , The Innovation Consulting Services Landscape, Q1 2024 | Forrester .

Key Points: 
  • North Highland , the leading change and transformation consultancy, was named a “Notable Provider” in Forrester’s report , The Innovation Consulting Services Landscape, Q1 2024 | Forrester .
  • With a geographic focus in EMEA and North America, the firm is acknowledged as a consultancy offering innovation consulting services with an industry focus in Financial Services, Government, and Manufacturing/production of consumer products.
  • According to the report, “In an environment of rapid change, continuous innovation is vital for sustained value creation.
  • “We believe inclusion in Forrester’s report emphasizes our expertise in helping clients build the capability to innovate in the routine flow of work.”
    Forrester’s Innovation Consulting Services Landscape identifies top client needs in innovation addressable by consultancies.

Star Mountain Capital Adds Former Head of BlackRock’s $1 Trillion U.S. Wealth Business, Frank Porcelli, as Senior Advisor

Retrieved on: 
Thursday, March 21, 2024
Finance, Banking, Accounting, Professional Services, Asset Management, Goldman Sachs, Partner (business rank), Putnam Investments, Trustee, Pace University, Strategic planning, BlackRock, Senior, Senior advisor, Starr Mountain, IShares, Morgan Stanley Wealth Management, Financial services

Star Mountain Capital , LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Frank Porcelli has joined as Senior Advisor.

Key Points: 
  • Star Mountain Capital , LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Frank Porcelli has joined as Senior Advisor.
  • View the full release here: https://www.businesswire.com/news/home/20240320564063/en/
    Star Mountain adds new Senior Advisor, Frank Porcelli (Photo: Business Wire)
    Frank Porcelli has had a distinguished 30+ year career in asset management and wealth management.
  • Wealth Business and was a member of their Operating Committee and helped that division grow assets under management from $250 billion to $1 trillion.
  • “We are honored to have Frank join Star Mountain as an aligned Senior Advisor bringing extensive strategic leadership, business management and client service experience,” said Brett Hickey , Star Mountain Capital Founder & CEO.

AI in Payment and Financial Services 2024 - By 2031, The Value of AI in Payments is Forecast to Surpass EUR 55 Billion - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 20, 2024
Technology, Payments, Artificial Intelligence, AI, EUR, Deep learning, Machine learning, Financial services, Risk management, Investment, VR, Sales

The "AI in Payment and Financial Services 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "AI in Payment and Financial Services 2024" report has been added to ResearchAndMarkets.com's offering.
  • AI's dominance in payment processing surpasses its presence in remittance and money transfer services, driving advancements in operations, customer satisfaction, cost reduction, and risk management.
  • Major trends like intelligent applications, AI augmented development, and TRiSM are transforming the payments landscape, with projections indicating the global GenAI market will grow significantly, exceeding EUR 55 billion by 2031.
  • Additionally, banks are increasing their AI investments, with over 90% of global payment professionals leveraging AI and machine learning to enhance fraud detection.