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☆ UBS rejigs investment bank in bid to better compete with Wall Street
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland, March 20, 2023. REUTERS/Denis Balibouse/File PhotoLONDON, Aug 7 (Reuters) - UBS (UBSG.S) announced an overhaul of its investment banking division on Monday, including naming the unit's M&A chiefs, marking a key step in integrating Credit Suisse. Sergio Ermotti is seizing on the opportunity presented by the rescue takeover of Credit Suisse in March to reorganize UBS' investment bank to better compete against Wall Street firms. Hundreds of Credit Suisse bankers have already left to other institutions and UBS has been laying off employees from Credit Suisse's investment bank around the globe. Hong Kong makes up Credit Suisse's biggest share of investment bankers in Asia.

Persons: Denis Balibouse, Sergio Ermotti, David Kostel, Tom Churton, Christian Lesueur, Nestor Paz, Galindo, Marc, Anthony Hourihan, Michael Santini, Marc Warm, David Slade, Scott Lindsay, Robin Rankin, Andres Gonzalez, Oliver Hirt, Elisa Martinuzzi, Alexander Smith Organizations: UBS, Credit Suisse, REUTERS, Wall Street, Global, Staff, Reuters, TMT Investment, Global Banking, Credit, Suisse's, Debt, Thomson Locations: Zurich, Switzerland, Credit, Swiss, Hong Kong, Asia

Logos of Swiss banks UBS and Credit Suisse are seen on an office building in Zurich, Switzerland March 19, 2023. The changes are aimed at producing unified teams following the completion of UBS's emergency takeover in June of Credit Suisse. Under the shake-up some Credit Suisse bankers will take on bigger roles in the combined company while some others leave, the sources said. Matt Eilers, UBS's global head of financial sponsors, is also in talks about possibly leaving, two of the sources said. His co-head would be Christian Lesueur, who has been global head of TMT investment banking, the sources added.

Persons: Denis Balibouse, Sergio Ermotti, Jeff Rose, Jon Levin, Matt Eilers, Rob DiGia, Rose, Levin, Eilers, DiGia, Laurence Braham, Lesueur, Steve Pettigrew, Braham, Neil Meyer, Abigail Summerville, Milana Vinn, David Carnevali, Leslie Adler Organizations: UBS, Credit Suisse, REUTERS, UBS Group AG, Suisse, Reuters, Swiss, Barclays Plc, Bank of America Corp, Barclays, Thomson Locations: Zurich, Switzerland, Americas, Milana, New York

The logo of Swiss bank UBS is seen at its headquarters in Zurich, Switzerland October 25, 2022. UBS was 8th in Refinitiv's global M&A league table in the first half of 2023, down from 6th a year earlier. Steve Pettigrew, who just joined UBS from Bank of America Corp (BAC.N), would be leading software M&A under Braham, according to the sources. Some Credit Suisse technology bankers may lose their jobs as part of the shake-up, while others may be retained or also be promoted, the sources said. Reuters reported on Wednesday that Credit Suisse had initiated broad layoffs in New York.

Persons: Sergio Ermotti, Laurence Braham, Lesueur, Steve Pettigrew, Braham, Neil Meyer, Milana Vinn, Amy, Jo Crowley, Jane Merriman Organizations: Swiss, UBS, REUTERS, UBS Group AG, Credit Suisse, Swiss Re AG, Barclays Plc, Bank of America Corp, Barclays, Reuters, Suisse, Credit Suisse's, Thomson Locations: Zurich, Switzerland, Swiss, dealmaking, United States, Americas, New York, London

The moves add to a trio of Barclays U.S. investment bankers that UBS announced it hired last month. Many Credit Suisse bankers are based in the United States. Sources told Reuters last month that UBS plans to retain only a small number of Credit Suisse senior bankers with strong client relationships. At Barclays, Braham was global chair of investment banking for technology, while Hardegree served as vice chair and head of technology M&A. Williams, Meyer and Tittle were managing directors in the investment banking group.

☆ Meet Kim Posnett, the powerful Goldman Sachs dealmaker who was just named head of the investment bank's TMT unit
▼ + stars: | 2023-05-03 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

Kim Posnett was just named head of Goldman's all-important TMT investment banking group. Posnett, 43, has long been one of the most senior figures at Goldman's investment bank. Posnett was previously the head of Goldman's investment-banking services unit, which acts as a salesforce for the global IB division. The former co-head of Goldman's TMT franchise will become co-chairman of the unit. The former would result in the IB services group, which functions, in effect, as a sales force.

☆ Bank of America names senior Europe TMT bankers in reshuffle -memo
▼ + stars: | 2023-03-09 | by ( Amy-Jo Crowley | ) www.reuters.com time to read: +1 min

LONDON, March 9 (Reuters) - Bank of America (BAC.N) has made a handful of senior appointments within its investment banking team advising European technology, media and telecom (TMT) companies, an internal memo seen by Reuters showed. The memo, which was confirmed by a Bank of America spokesperson, said the U.S. bank has named veterans Alexandre Gafsi and Emmanuel Hibou as chairs of TMT Investment Banking in Europe, the Middle East and Africa (EMEA) to "focus fully on covering some of our key clients". It has also appointed Thomas Koehrer and James Robertson as co-heads of TMT Investment Banking for the EMEA region. Peter Luck, who has been co-head of UK Investment Banking with Robertson, is now taking over full UK responsibilities. Reporting by Amy-Jo Crowley; Additional reporting by Pablo Mayo Cerqueiro; Editing by Elisa Martinuzzi and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ The top stories in the world of banking in 2022
▼ + stars: | 2022-12-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

While 2022 wasn't a banner year for banks, it also wasn't a complete disaster. Will Nance, Neena Bitritto-Garg, Corinne Blanchard, and Michael Elias Goldman Sachs; Citi; Cowen; Deutsche Bank; Sean Gladwell/Getty; Savanna Durr/Insider1. At Goldman Sachs ID swipes were tracked. But by 2022 the wheels were starting to fall off on CEO David Solomon's consumer ambitions, as first reported by Insider. This fall, Wells Fargo made the decision to move tens of thousands of accounts out of its private bank that had under $5 million.

Moldova Startup Week 2020 / Sursa:Moldova Startup Week 2020Levan Kaftaradze, director adjunct, TMT Investments: „Urmăresc piața de startup-uri din Republica Moldova deja de 3 ani. Pentru noi, Staf Online, participarea la acest eveniment a fost o premieră și nu am avut mari așteptări. A fost o primă experiență de a ne prezenta startup-ul în fața investitorilor și feedback-ul juriului este valoros pentru noi. Moldova Startup Week 2020 / Sursa:Moldova Startup Week 2020Ana Chirița, directoarea Proiectului TEKWILL: „La Moldova Startup Week am pus în lumina reflectoarelor startup-urile din Moldova, pentru ca acestea să poată primi feedback real din partea investitorilor profesioniști. În acest an am lansat Programul național pentru susținerea antreprenoriatului IT din țară – Startup Moldova – inițiativă pe care o vom extinde.

Persons: Andrew Wrobel, Jakub Stracina, Peter Parragh, Stanislav Ivanov, George Teaman, Ana Chirița Organizations: Staf, Agenției, Agenției Statelor Unite Locations: Europa, Estonia, Ungaria, Moldova, Republica Moldova, PR, Suediei, Agenției Statelor

☆ Top cinci oratori la Moldova Startup Week. Unul dintre ei a dezvoltat trei startup-uri cu o valoare de peste 1 miliard de dolari
▼ + stars: | 2020-11-10 | by ( Onixmedia Srl | ) diez.md time to read: +6 min

Top cinci oratori la Moldova Startup Week. În ultimii 10 ani, a susținut dezvoltarea a câteva mii de startup-uri și a verificat zeci de oferte de capital de risc în „TMT Investments”. Levan a fost lucrat la „IQ Investment Ltd” și „TradeMatic Ltd”, unde a fost responsabil de supravegherea tehnică și financiară a unor aplicații rusești și internaționale și elaborarea business planurilor și a modelelor financiare. De asemenea, el a lansat câteva startup-uri și a activat ca manager de proiect și director de proprietate intelectuală în mai multe companii IT. „Techstars Startup Week” este organizat de Startup Moldova cu sprijinul Agenției Statelor Unite pentru Dezvoltare Internațională (USAID) și a Suediei în cadrul Proiectului Tekwill.

Persons: Kamran, Moshe Porat, Israel ., Levan, Antonio Nasuto, Antonio, El, Simon Zagaynov, Simon Organizations: filantropia, Științe Politice, Universitatea din, IT, IBM, Forbes China, Agenției, Agenției Statelor Unite Locations: Moldova, Iran, SUA, Japonia, China, India, Israel, Singapore, Universitatea din Tel - Aviv, Modiin, Moshe, Rusia, Republica Cehă, Europei Centrale, Est, Week, Agenției Statelor, Suediei

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