Reuters US Money Archives - Page 101 of 106

Teneo launches financial advisory business in the Middle East

24 Jan 2022 24 Jan 2022

DUBAI (Reuters) – New York-based Teneo said on Monday it was launching a financial advisory business in the Middle East. The company, which already operates in the fields of strategic communications, management consulting and risk advisory services in the region, has hired restructuring veterans Matthew Wilde and Elie Fakhoury from AlixPartners, it said. Wilde was …

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Goldman appoints Sarsfield to co-run asset management unit – Bloomberg News

24 Jan 2022 24 Jan 2022

(Reuters) -Goldman Sachs Group Inc has appointed Luke Sarsfield to co-head its $1.7 trillion asset-management business, Bloomberg News reported on Sunday. Goldman Chief Executive Officer David Solomon will likely announce Sarsfield’s promotion this week, the Bloomberg report https://bloom.bg/3nQSOrV said, citing sources. Goldman declined to comment. The asset-management arm of the bank provides investment and advisory …

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Piraeus Bank to buy additional stake in real estate company Trastor

21 Jan 2022 21 Jan 2022

ATHENS (Reuters) – Piraeus Bank has agreed with investment firm Varde Partners to buy its controlling stake in Trastor Real Estate Investment Company for about 98 million euros ($111.04 million), the bank said on Friday. Under the agreement, Piraeus, which now holds a 45% stake in Trastor, will acquire an additional stake of 52% in …

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Swiss bank UBP boosts assets under management 8.8% in 2021

21 Jan 2022 21 Jan 2022

ZURICH (Reuters) – Swiss bank Union Bancaire Privee said assets under management rose 8.8% in 2021 to 160.4 billion Swiss francs ($175.40 billion), helped by favourable market conditions and net capital inflows of 5.7 billion francs. “This net new money comes mainly from growth markets, but in particular Asia, the Middle East and Eastern Europe, …

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Sweden’s Summa raises $2.6 billion in latest ‘impact’ fund

20 Jan 2022 20 Jan 2022

(Corrects country in headline, paragraph 2) By Simon Jessop and Brenna Hughes Neghaiwi LONDON (Reuters) -Summa Equity said it has raised 2.3 billion euros ($2.6 billion) for Europe’s biggest-ever ‘impact’ fund, which is focused on helping meet the U.N.’s 17 Sustainable Development Goals. The Swedish private equity firm said the fund aims to improve health …

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Your time is valuable: Here is how to negotiate for more at work

20 Jan 2022 20 Jan 2022

By Chris Taylor NEW YORK (Reuters) – When Maryam Sabbagh was negotiating to join a new PR agency last fall, she was not just thinking about the money. She considered something even more important: Time. If the COVID era has taught us anything, it is the precious value of downtime. So Sabbagh negotiated another week …

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Citigroup sets rare hard target to reduce energy-sector emissions

19 Jan 2022 19 Jan 2022

By Ross Kerber BOSTON (Reuters) – Citigroup Inc on Wednesday laid out goals for corporate borrowers to cut emissions that included a rare “absolute reduction” target for companies in the energy sector by the end of the decade. Citi said in a report that it aims for emissions from companies across its energy loan portfolio …

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BlackRock’s Fink defends as ‘not woke’ push for values as well as profits

18 Jan 2022 18 Jan 2022

By Akriti Sharma, Ross Kerber and Simon Jessop BOSTON/LONDON (Reuters) -Larry Fink, chief executive of the world’s biggest asset manager BlackRock Inc, has defended its focus on the interests of society as well as on profits in the face of criticism from many sides. Asset managers increasingly analyse corporate performance on environmental, social and governance-related …

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Ides Capital nominates directors at Safety Insurance, wants share buyback

18 Jan 2022 18 Jan 2022

By Svea Herbst-Bayliss BOSTON (Reuters) – Activist investment firm Ides Capital Management has nominated two directors to the board of Safety Insurance Group and wants the company to buy back shares, cut costs and improve financial disclosure, according to a letter seen by Reuters. New York-based Ides wrote to the Boston-based company’s board on Tuesday …

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Exclusive: Jefferies gives up on buyout fund manager investing business – sources

18 Jan 2022 18 Jan 2022

By Chibuike Oguh (Reuters) – Jefferies Financial Group Inc is abandoning an effort to raise a $1 billion fund to buy stakes in private equity fund managers, giving up on a niche and lucrative corner of asset management, people familiar with the matter said. It is a blow to Jefferies’ Leucadia Asset Management division, which …

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