LiqudityBook CEO Kevin Samuel said he was thrilled to bring Morris on board. The new President has a wealth of experience from previous executive leadership roles and skills across various disciplines, including sales, finance, marketing, and HR. Morris also served as President at Enfusion before becoming a Global Head of Corporate Development role. In a…
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The state engineered the Credit Suisse acquisition to prevent it from going under. With this takeover, UBS ended up with a balance sheet that exceeds $1.6tn, which is nearly double that of the Swiss economy. Since March 2023, when the intended takeover was announced, this financial giant’s shares jumped 50%. In an email statement sent…
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The IPO will offer shares or GDRs representing shares held by BAE Systems Limited (BAE) and Sovereign Wealth Fund Samruk-Kazyna (SK). The company will list these on the London Stock Exchange (LSE), Astana International Exchange (AIX), and Kazakhstan Stock Exchange (KASE). Analysts believe this float is a much-needed boost for the LSE’s torpid IPO performance.…
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In 2023, the merged entity's market share dropped to 37.6%, a decrease from 39.3% in the previous year. Adrian Schatzmann, the head of the association, forecasts a further reduction in their market share as UBS integrates and streamlines Credit Suisse's fund offerings. He also noted that some investors seek to diversify their holdings to reduce…
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The EU established the first extensive crypto market regulations globally last year, known as the Markets in Crypto-Assets (MiCA), a significant step in regulating an online sector where enforcing national boundaries has been challenging. The latest EU guidelines detail how non-EU crypto firms and regulators should adhere to MiCA when seeking to provide services directly…
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Exness CMO Alfonso Cardalda showcases new brand at 15 year anniversary event The rebranding is of a sleeker, more modern design and features a new logo, defined by the distinctive exo emblem. Inspired by Exness’ recognisable initials, ‘e’ and ‘x,’ the exo embodies a fusion of head and heart, the mathematical and the human. These…
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OneCoin was a digital currency scheme founded in 2014 that was eventually found to be a fraudulent Ponzi scheme. Scott was one of the most high-profile individuals involved in the scam. The co-founder of OneCoin, Karl Sebastien Greenwood, is already behind bars after he was handed down a 20-year sentence in September last year. Both…
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Holcim’s current CEO, Jan Jenisch, will be at the helm of this spin-off while focusing on his role as chairman. Jenisch will also stand for re-election at the company’s annual general meeting in May 2024. Gutovic has been part of the company’s group executive committee since 2018. He is presently in charge of Region Europe…
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Bloomberg reports inflation dipped below the 3% mark for the first time since 2021. On the back of a 2.9% inflation rate, consumer spending remains high, but there are concerns that this inflation margin will escalate prices again. Despite this optimism, economists warned the monthly US jobs report, job openings and consumer data, and the…
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U.S. equity funds experienced net outflows of $3.04 billion during this period, the smallest amount in the past four weeks. This trend was mitigated by a rally on Wall Street, mainly driven by solid gains in the tech sector following optimistic projections from TSMC and Super Micro Computer (SMCI.O). U.S. value funds witnessed net redemptions…
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