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GC Asia
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SWFs hot for direct lending as recession strikes Europe
Sovereign wealth funds from Abu Dhabi and Qatar have started to take ownership positions in new direct lending platforms in Europe and the US. But as Western economies plough into a deep recession, while rival investors still sit on barrels of dry powder, the wealth funds' decision to push into middle market credit now is surprising.
24 Sep 2020 -
US big beasts dominate UK broking with different styles
JP Morgan and Morgan Stanley’s positions at the top of the UK corporate broking rankings have undoubtedly helped their equity capital markets businesses, but Goldman Sachs stands out for its disruptive approach, writes David Rothnie.
24 Sep 2020 -
Iosco warns of regulatory action over DCM mandate pressure
Banks may be using their lending relationships with companies to press them into granting bond mandates, the International Organisation of Securities Commissions has warned. This follows the UK Financial Conduct Authority's remarks about similar pressure for equity mandates in April.
23 Sep 2020 -
‘Society benefits from short sellers’ — Gabriel Grego, CIO of Quintessential Capital
Gabriel Grego, managing partner and chief investment officer at Quintessential Capital, is known among investors for his devastating critiques of fraudulent companies. A former paratrooper in the Israeli Defence Force, Grego is on what he sees as a moral crusade to sniff out corporate corruption. He is adamant, he tells GlobalCapital, that activist short selling is a force for good in financial markets — and society as a whole.
23 Sep 2020 -
New roles for Marsh, Verri at Goldman
Goldman Sachs has given new titles to leaders in its credit finance, investment grade capital markets and equity capital markets businesses.
22 Sep 2020 -
Bain hires ESG head with energy background
Bain Capital has hired a new global head of ESG with extensive experience of oil and gas investments.
22 Sep 2020 -
Goldman promotes Sorrell in M&A shuffle
Goldman Sachs has named new global M&A bosses, with the incumbents moving to become chairs of the business.
21 Sep 2020 -
Pimco names new head of European private credit
Global investment firm Pimco has hired a new portfolio manager and managing director, who will serve as head of private credit in Europe. With this hire, Pimco is looking to bolster its special situations business in Europe.
18 Sep 2020 -
Credit Suisse launches private credit venture
Credit Suisse has teamed up with its biggest shareholder to launch a private credit lending platform, bringing to fruition a plan that been beset by delays and high profile departures.
17 Sep 2020 -
People moves in brief — September 17, 2020
García and Gutman given new roles at Goldman — Mizuho hires in convertible bonds — Smida and Coudray handed coverage leadership at Natixis
17 Sep 2020
