Refinitiv

Houlihan Lokey Broadens Software Coverage Capabilities With Senior Hires in Technology Group

Retrieved on: 
星期四, 四月 25, 2024

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Ryan Lund has joined the firm’s global Technology Group as a Managing Director.

Key Points: 
  • Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Ryan Lund has joined the firm’s global Technology Group as a Managing Director.
  • Mr. Lund has been appointed Co-Head of U.S. Technology alongside John Lambros and Jason Hill and Global Co-Head of Software with Sascha Pfeiffer.
  • Mr. Lund joins from UBS, where he was a Managing Director and Global Head of Software Investment Banking.
  • Mr. Kaushik and Mr. Sullivan both join from UBS, where they were executive directors in the Technology Investment Banking Group, primarily focused on enterprise software.

Tradeweb Reports First Quarter 2024 Financial Results

Retrieved on: 
星期四, 四月 25, 2024

See "Non-GAAP Financial Measures" below and the attached schedules for additional information and reconciliations of such non-GAAP financial measures.

Key Points: 
  • See "Non-GAAP Financial Measures" below and the attached schedules for additional information and reconciliations of such non-GAAP financial measures.
  • Rates – Revenues of $214.1 million in the first quarter of 2024 increased 25.6% compared to prior year period (increased 25.3% on a constant currency basis).
  • Credit – Revenues of $115.8 million in the first quarter of 2024 increased 30.1% compared to prior year period (increased 29.8% on a constant currency basis).
  • Tradeweb Markets will hold a conference call to discuss first quarter 2024 results starting at 9:30 AM EDT today, April 25, 2024.

GTN appoints Bobby Bok from LSEG as Head of Sales for Asia Pacific

Retrieved on: 
星期二, 四月 16, 2024

Bobby, an industry veteran with 16 years of extensive experience in sales and business development, joins GTN from LSEG, where he was responsible for Sales Strategy and Execution for Investment and Wealth Solutions.

Key Points: 
  • Bobby, an industry veteran with 16 years of extensive experience in sales and business development, joins GTN from LSEG, where he was responsible for Sales Strategy and Execution for Investment and Wealth Solutions.
  • In his new role at GTN, Bobby will leverage his deep understanding of the APAC market and proven track record to lead GTN's sales initiatives across the region.
  • "I am thrilled to have Bobby on board to lead our sales efforts in APAC," said Julien Le Noble, CEO of GTN Asia.
  • Bobby added: "I am excited to lead sales across the APAC region for GTN.

GTN appoints Bobby Bok from LSEG as Head of Sales for Asia Pacific

Retrieved on: 
星期二, 四月 16, 2024

Bobby, an industry veteran with 16 years of extensive experience in sales and business development, joins GTN from LSEG, where he was responsible for Sales Strategy and Execution for Investment and Wealth Solutions.

Key Points: 
  • Bobby, an industry veteran with 16 years of extensive experience in sales and business development, joins GTN from LSEG, where he was responsible for Sales Strategy and Execution for Investment and Wealth Solutions.
  • In his new role at GTN, Bobby will leverage his deep understanding of the APAC market and proven track record to lead GTN's sales initiatives across the region.
  • "I am thrilled to have Bobby on board to lead our sales efforts in APAC," said Julien Le Noble, CEO of GTN Asia.
  • Bobby added: "I am excited to lead sales across the APAC region for GTN.

Debate on: Is the inflation surge over and what are the lessons for monetary policy?

Retrieved on: 
星期三, 四月 3, 2024

Shocks to the shortages variable are constructed as deviations in the values from the sample mean.

Key Points: 
    • Shocks to the shortages variable are constructed as deviations in the values from the sample mean.
    • Shocks to the vacancy-to-unemployment ratio (labour market variable) are constructed
      as the actual value minus the value in the fourth quarter of 2019.
    • ?Indirect impact of energy prices on non-energy inflation? is the sum of the indirect effects of oil,
      gas and electricity prices.
    • 3

      Historical
      Rubric comparison of inflation episodes in the euro area ? headline and core
      Headline

      Core

      (percentage points)

      (percentage points)
      Current euro area episode
      Past global episodes

      Current euro area episode
      Past global episodes
      2

      2

      0

      0

      -2
      -4

      -2

      -6
      -8

      -4

      -10
      -12

      -24

      -18

      -12

      -6

      0

      6

      12

      18

      -6

      24

      Months around inflation peak

      -24

      -18

      -12
      -6
      0
      6
      12
      Months around inflation peak

      18

      Sources: BIS, Eurostat and ECB calculations.

    • The dark blue line represents the latest developments in headline and core inflation for the euro area, relative to the October
      2022 peak.
    • Non-energy industrial goods inflation refers to a panel of all euro area countries, while services inflation refers to
      a panel of 30 AEs and 28 EMEs.
    • Month = 0 is when the headline inflation value is at the highest during that particular episode.
    • The dark blue line represents the latest developments
      in non-energy industrial goods and services inflation for the euro area, relative to the October 2022 peak.
    • unprocessed
      food and energy

      HICPX

      8
      3.0

      3.0

      2.5

      2.5

      2.0

      2.0
      1.5

      1.5
      1.0
      Feb-24

      Jul-24

      1.0
      Dec-24 Feb-24

      Jul-24

      8

      7

      7

      6

      6

      5

      5

      4

      4

      3

      3

      2

      2

      1

      1

      Adjusted
      measures

      Difference
      4

      3

      2

      1

      0
      0
      0
      Feb-24 Jan-23 Jul-23 Jan-24
      Jan-23 Jul-23 Jan-24
      Feb-24 Jan-23 Jul-23 Jan-24
      Feb-24

      Dec-24

      Sources: Eurostat, March 2024 ECB staff short-term inflation outlook, Consensus
      Economics, Bloomberg and ECB calculations.

    • The ?adjusted?
      measures abstract from energy and supply-bottleneck shocks using a large SVAR, see
      Ba?bura, Bobeica and Mart?nez-Hern?ndez (2023), ?What drives core inflation?
    • Notes: 5-days moving average risk-neutral
      probabilities of inflation implied by five-year and tenyear zero-coupon inflation options.
    • 16

      8

      12
      Quarters

      16

      20

      Policy
      Rubriccounterfactuals
      Interest rate under alternative
      counterfactuals

      Counterfactual impacts on
      Inflation

      (percentages per annum)

      (annual percentage change)

      Baseline
      Earlier and longer
      Earlier, longer and higher

      8

      Baseline

      7
      6
      5
      4
      3
      2
      1
      0
      -1
      2021Q4

      2022Q4

      2023Q4

      2024Q4

      Earlier, longer and higher

      10

      2

      8

      0

      6

      -2

      4

      -4

      2

      -6

      0

      -8

      -2

      2025Q4

      Earlier and longer

      Output gap

      (p.p.

    • The RHS chart displays the impact on inflation (first panel) and output gap (second panel) for each of the hypothetical alternative paths of the interest
      rate.
    • As a caveat, financial feedback loops as well as feedback loops between inflation expectations and inflation are not activated.

Dechert Strengthens M&A and Private Equity Capabilities with Addition of Brian Miner

Retrieved on: 
星期四, 二月 29, 2024

NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Dechert LLP announced today the addition of Brian Miner as a partner in its corporate and securities practice group, further bolstering the firm's capabilities in middle market private equity and M&A.

Key Points: 
  • NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Dechert LLP announced today the addition of Brian Miner as a partner in its corporate and securities practice group, further bolstering the firm's capabilities in middle market private equity and M&A.
  • Miner joins Dechert from a New York-based law firm, where he served as co-chair of the M&A and securities group.
  • "Brian's breadth of experience advising private equity and other alternative asset management firms is directly aligned with our goal to deepen our private equity and M&A practice.
  • Our global team advises private equity, private credit and other alternative asset managers on flexible solutions at every phase of the investment life cycle.

Former Anglo American CEO Mark Cutifani Joins Diamond Standard Advisory Board

Retrieved on: 
星期二, 二月 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Diamond Standard Co., developer of the world's only regulated and market traded natural diamond commodities, today announced that Mark Cutifani CBE, an influential mining executive, has joined the company's board of advisors.

Key Points: 
  • Anglo American is parent of De Beers, the leading diamond miner
    NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Diamond Standard Co. , developer of the world's only regulated and market traded natural diamond commodities, today announced that Mark Cutifani CBE, an influential mining executive, has joined the company's board of advisors.
  • As CEO from 2013 to 2022, Cutifani is credited with transforming Anglo American , one of the world's largest mining companies, where he delivered a fivefold increase in stock price.
  • Mr. Cutifani was formerly CEO of AngloGold Ashanti , a $7 billion market cap mining company producing gold, silver and uranium.
  • Diamond Standard has agreed to develop futures on MGEX via CME Globex and options on MIAX , and previously filed an ETF .

Former Anglo American CEO Mark Cutifani Joins Diamond Standard Advisory Board

Retrieved on: 
星期二, 二月 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Diamond Standard Co., developer of the world's only regulated and market traded natural diamond commodities, today announced that Mark Cutifani CBE, an influential mining executive, has joined the company's board of advisors.

Key Points: 
  • Anglo American is parent of De Beers, the leading diamond miner
    NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Diamond Standard Co. , developer of the world's only regulated and market traded natural diamond commodities, today announced that Mark Cutifani CBE, an influential mining executive, has joined the company's board of advisors.
  • As CEO from 2013 to 2022, Cutifani is credited with transforming Anglo American , one of the world's largest mining companies, where he delivered a fivefold increase in stock price.
  • Mr. Cutifani was formerly CEO of AngloGold Ashanti , a $7 billion market cap mining company producing gold, silver and uranium.
  • Diamond Standard has agreed to develop futures on MGEX via CME Globex and options on MIAX , and previously filed an ETF .