Privat Bankers

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Customers stand to gain as private banks can now take up govt business

Business Line 25 Feb 2021

“Customers of new private sector banks will be very happy, there will be a marginal change for old private banks and public sector banks may lose some ground,” said a former banker ... Most private bankers believe that in terms of technology, they are much better positioned to serve customers.

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Fenergo Wins 'Best CLM Solution' Award by Asian Private Banker

PR Newswire 25 Feb 2021

25, 2021 /PRNewswire/ -- Fenergo, the leading provider of digital transformation, customer journey, and client lifecycle management (CLM) solutions for financial institutions, has won an award for 'Best CLM Solution' at the Asian Private Banker Sixth Technology Awards ... Sebastian Enberg, Editor-in-chief, Asian Private Banker said.

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Bill Schmick | The Retired Investor: SPAC attack

The Berkshire Eagle 25 Feb 2021

There is hardly a day that goes by without an announcement of a new SPAC, or the acquisition and merger of a private company by one ... They received that money from investors in an initial public offering, with the promise that they would invest that money, down the road, into a private company with good prospects.

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Private banks can vie for government business

Hindustan Times 25 Feb 2021

“Embargo lifted on grant of govt business to private banks ... Private and public sector must both work towards sustainable development of India .” ... Now, that is not relevant as many aspects of government are becoming tech-centric where smaller banks can play to their strengths,” said a senior banker with a small private sector bank.

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Private banks: Door now open to rake in govt business

Business Line 25 Feb 2021

Why did it take so long for the government to conclude the efficiency gains that will arise from allowing private banks to handle government transaction business? ... But now things have come a full circle, with the government going all out to support the growth of private sector banks.Bankers thrilled.

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Jack Giarraputo launches Slice Collective

Beijing News 25 Feb 2021

Washington [US], February 25 (ANI) ... The company, co-founded with investment banker Abhishek Som (former Lazard, IEG, and Private Equity) is disrupting the industry through global access to top-level creative marketing talent ... Additionally, Reliance Entertainment veteran Medha Jaishankar will be serving as media advisor. (ANI) .

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Govt has no business to be in business: PM Modi

Hindustan Times 25 Feb 2021

The government is moving ahead with the mantra of ‘monetize and modernize’,” Modi said while addressing a webinar on privatization and asset monetization attended by investment bankers, sovereign and pension funds as well as domestic and international investors.

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Carbon offsets gird for lift-off as big money gets close to nature

Metro USA 25 Feb 2021

The private sector task force, chaired by Winters and promoted by former central banker Mark Carney, wants to encourage a range of participants, such as bankers and trading houses, as well as emitters to join the market to boost liquidity ... member of the private sector task force.

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Trendline Interactive Acquires Data Insight Group to Expand its Advanced Analytics and Data Science Business

Killeen Daily Herald 25 Feb 2021

Growth Catalyst Partners ("GCP") is a middle market private equity ... GCP was founded by veteran private equity investor Jim TenBroek and leading investment banker Scott Peters, who have led hundreds of transactions and successful investments in services businesses for over 20 years.

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York Capital Bolsters Private Equity Team and Announces Promotions

The Marshall News Messenger 24 Feb 2021

York Capital Management (“York”), a global private investment firm, today announced that seasoned private equity investor Seth Pearson has joined York’s private equity group as Managing Director ... Ngo was at Platinum Private Equity, and before that was a Consumer and Retail investment banker at JPMorgan Chase & Co.

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Number of ultra-wealthy people in the Middle East to increase by 25% over next five years

The National 24 Feb 2021

This was also reflected in the results of the Knight Frank Attitudes Survey conducted among private bankers and wealth advisers in the Middle East, where 67 per cent of respondents said their clients’ wealth either remained the same or increased ... Rising Middle Eastern private wealth means advisers need to stay sharp.

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Saudi Arabia sees 227% surge in wealthy individuals in last 5 years

Arab News 24 Feb 2021

RIYADH. The number of ultra-high-net-worth individuals (UHNWIs) — those with $30 million or more — in Saudi Arabia surged 227 percent over the last five years, the fastest growth rate in the world ... According to a survey conducted by Knight Frank of private bankers and wealth advisers, half said their clients’ wealth had increased in 2020 ... ....

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How consulting giant McKinsey has become a magnet for criticism over France's bungled Covid response ...

The Daily Mail 24 Feb 2021

... private corporations, made more glaring by the government's intention to keep the deals hushed ... Mr Macron, a former investment banker, is not the only European leader to hire private firms to aid in its Covid-19 response and Britain and the United States have also hired McKinsey.