Financial services

The Duchossois Group Agrees to Sell The Chamberlain Group LLC to Blackstone

Retrieved on: 
Tuesday, September 7, 2021

The Chamberlain Group LLC (Chamberlain Group or the Company), a global leader in smart access solutions, today announced that its owner, The Duchossois Group, Inc. (The Duchossois Group), has entered into a definitive agreement to sell Chamberlain Group to private equity funds managed by Blackstone (Blackstone).

Key Points: 
  • The Chamberlain Group LLC (Chamberlain Group or the Company), a global leader in smart access solutions, today announced that its owner, The Duchossois Group, Inc. (The Duchossois Group), has entered into a definitive agreement to sell Chamberlain Group to private equity funds managed by Blackstone (Blackstone).
  • Blackstone is investing in Chamberlain Group through its core private equity strategy, which invests in high-quality, market-leading companies for longer periods than traditional private equity.
  • Today marks an important inflection point for Chamberlain Group as it continues its growth and transformation story, said JoAnna Sohovich, CEO of Chamberlain Group.
  • Craig Duchossois, Executive Chair of The Duchossois Group, added, Chamberlain Group has been an important part of our family since 1980.

Ronin Equity Partners Consolidates Refrigerated Display Market with Simultaneous Acquisitions of QBD and Minus Forty

Retrieved on: 
Tuesday, September 7, 2021

Ronin Equity Partners has acquired two leading North American manufacturers of commercial refrigeration equipment, QBD and Minus Forty, both located in Canadas Greater Toronto area.

Key Points: 
  • Ronin Equity Partners has acquired two leading North American manufacturers of commercial refrigeration equipment, QBD and Minus Forty, both located in Canadas Greater Toronto area.
  • QBD is a leader in beverage cooler sales and high concept, cost-efficient, and customized refrigerated displays.
  • One of Ronins Managing Partners, Jesse Yao, will become Chief Financial Officer, and two other Ronin executives will hold senior roles.
  • Measured by sales, the combined company will be the number two player in the North American refrigerated display market.

Two Financial Advisors join UBS in Portland, Maine

Retrieved on: 
Tuesday, September 7, 2021

UBS Wealth Management USA today announced that Financial Advisors, Micah Roberge and Shaun Hawkins, have joined the firm in Portland, Maine.

Key Points: 
  • UBS Wealth Management USA today announced that Financial Advisors, Micah Roberge and Shaun Hawkins, have joined the firm in Portland, Maine.
  • Prior to joining UBS, Micah worked for 14 years as a Wealth Management Advisor for Merrill Lynch.
  • UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland.
  • The key symbol and UBS are among the registered and unregistered trademarks of UBS.

Mastercard Expands Open Banking Reach with Acquisition of Aiia

Retrieved on: 
Tuesday, September 7, 2021

The addition of Aiia anchors our European open banking efforts and allows us to continue to meet our customers where they are, said Craig Vosburg, Chief Product Officer, Mastercard.

Key Points: 
  • The addition of Aiia anchors our European open banking efforts and allows us to continue to meet our customers where they are, said Craig Vosburg, Chief Product Officer, Mastercard.
  • Aiia has brought to life a unique model for open banking in Europe, driven by data privacy, security, quality and access.
  • For the past decade, we have worked to build Aiia into a leading and quality-driven open banking platform, which has onboarded hundreds of banks and fintechs onto safe and secure open banking rails.
  • In 2019, Mastercard launched its first open banking connectivity offering in the UK and Poland through a partnership with Token.

Houlihan Lokey Further Expands Its Transaction Advisory Services Practice With Technology Sector Leader

Retrieved on: 
Tuesday, September 7, 2021

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Kiran Lulla has joined the firms Financial and Valuation Advisory business as a Managing Director in Transaction Advisory Services (TAS).

Key Points: 
  • Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Kiran Lulla has joined the firms Financial and Valuation Advisory business as a Managing Director in Transaction Advisory Services (TAS).
  • He joins Houlihan Lokey from KPMGs Deal Advisory Group, where he was a Principal and lead partner for some of that firms largest corporate and financial sponsor clients.
  • Mr. Lullas transaction advisory experience includes work for clients in the technology, financial services, industrials, and business services sectors, among others.
  • We are delighted he has joined the firm, said Sean Murphy, Head of Transaction Advisory Services at Houlihan Lokey.

AXIS Insurance Appoints Abiy Dadi to U.S. Excess Casualty Team as Vice President

Retrieved on: 
Tuesday, September 7, 2021

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced the appointment of Abiy Dadi as Vice President of the U.S.

Key Points: 
  • AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced the appointment of Abiy Dadi as Vice President of the U.S.
  • He will be based in Alpharetta and will report to Britt Smith, Senior Vice President, U.S.
  • Mr. Dadi joins AXIS from CRC Group where he was most recently an Associate Broker/Assistant Vice President.
  • He was responsible for primary casualty and excess liability production and risk placement, overseeing team operations, and training new team members.

Farmer sentiment improves in August, but inflationary concerns mount

Retrieved on: 
Tuesday, September 7, 2021

and CHICAGO, Sept. 7, 2021 /PRNewswire/ --The Purdue University/CME Group Ag Economy Barometer improved in August, up 4 points to a reading of 138.

Key Points: 
  • and CHICAGO, Sept. 7, 2021 /PRNewswire/ --The Purdue University/CME Group Ag Economy Barometer improved in August, up 4 points to a reading of 138.
  • The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey.
  • In August, producers had a more positive view of their farms' financial situation than earlier this summer.
  • One in five producers (21%) expect farm input price inflation to exceed 12% in the next 12-months.

Massive Enhancements Made to the Mendix Low-Code Software Development Platform; Additions Power Up the Company's Digital Ecosystem

Retrieved on: 
Tuesday, September 7, 2021

Mendix Industry Clouds offer a blueprint for digital transformation across key sectors, from Manufacturing to Financial Services, Public Sector, Retail, and Healthcare.

Key Points: 
  • Mendix Industry Clouds offer a blueprint for digital transformation across key sectors, from Manufacturing to Financial Services, Public Sector, Retail, and Healthcare.
  • Peter Hughes, the group head of application development at Corant Global Insurance, said, "Mendix Industry Clouds address a key market need.
  • For ISVs and industry leaders who want to offer adaptive solutions within the Mendix ecosystem, Mendix announced the Solutions Platform.
  • Mendix, a Siemens business and the global leader in enterprise low-code, is fundamentally reinventing the way applications are built in the digital enterprise.

Cohen & Steers Appoints Marcia Gonzalez Glass to Lead Northeast U.S. Institutional Business Development

Retrieved on: 
Tuesday, September 7, 2021

NEW YORK, Sept. 7, 2021 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS), a leading global investment manager specializing in real assets and alternative income, has named Marcia Gonzalez Glass, CFA, to the role of Senior Vice President, Institutional Sales.

Key Points: 
  • NEW YORK, Sept. 7, 2021 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS), a leading global investment manager specializing in real assets and alternative income, has named Marcia Gonzalez Glass, CFA, to the role of Senior Vice President, Institutional Sales.
  • Ms. Glass will lead institutional business development in the Northeast United States, reporting to Jeff Sharon, Head of North America Institutional Business Development and Consultant Relations.
  • Ms. Glass joins Cohen & Steers from CenterSquare Investment Management and brings 16 years of institutional business development and investor relations experience.
  • Earlier this year, Cohen & Steers announced the formation of the firm's Private Real Estate Group , a team purpose-built for private real estate investing.

BNY Mellon First Bank to Add Agency MBS Cleared Repo to Sponsored Member Program

Retrieved on: 
Tuesday, September 7, 2021

"BNY Mellon has been a market leader in developing US Treasury-backed sponsored cleared repo, so it is fitting that we are one of the first sponsors to offer GC cleared repo to clients via FICC's Sponsored GC Service," says Mark Haas, Head of Principal Securities Finance at BNY Mellon.

Key Points: 
  • "BNY Mellon has been a market leader in developing US Treasury-backed sponsored cleared repo, so it is fitting that we are one of the first sponsors to offer GC cleared repo to clients via FICC's Sponsored GC Service," says Mark Haas, Head of Principal Securities Finance at BNY Mellon.
  • "Agency MBS is one of the largest fixed-income asset classes in the world, so bringing these securities into the realm of cleared repo is yet another significant enhancement to our sponsored member program, following previous refinements such as dynamic margining, term and forward-settling repo and the ability to access cleared repo via our market-leading LiquidityDirect portal."
  • Beyond its role as a sponsor, BNY Mellon will also provide the underlying clearance infrastructure for the new FICC Sponsored GC Service.
  • Since BNY Mellon launched its sponsored member program at FICC in June 2017, the sponsored cleared repo market has gone from strength to strength.