KISSHENTHIRAN SARAVANAN’s Post

🌟 Goldman Sachs is ramping up its financial activities in Paris region, marking a key move in its post-Brexit strategy. According to the Financial Times, Dirk Lievens, head of Goldman's European financial institutions group, has shifted from London to Paris to strengthen ties with continental European clients   Goldman's expansion mirrors a trend of US firms relocating to Europe post-Brexit, with Paris emerging as a top choice. This move underscores Goldman's commitment to navigating changes in European markets and delivering value to clients   Read more 👉 https://lnkd.in/eDGmiqDY Claude C.   #expansion #finance #banking #Paris  

Barclays Seeks Buyout Firms for UK Payments Business Sale ! 📊 Muted response from trade buyers prompts Barclays to target private equity firms for majority stake in its UK merchant payments business. 💰 Barclays offering to retain up to 20% in the business, valuing it at over £2 billion ($2.5 billion). 🚀 Increased use of digital technology drives consolidation efforts in the payments sector, attracting private equity investment. #DigitalPayments #BankingIndustry #PrivateEquity #BusinessNews

🤔 This is interesting. Barclays is sounding out PE to take a majority stake in its UK merchant payments business. 🏦 Word is that the bank wants to bring in a partner with additional industry knowhow as well as extra capital. 💡 Barclays has been talking to specialist payments providers, but these conversations have stalled. 🚫 The UK business could be valued at more than £2 billion based on estimated EBITDA. 💰 This is just another example of increasing consolidation in the payments world as increased use of digital technology makes investment costs higher and accentuates the benefits of economies of scale. 🌐 Private equity firms have invested heavily in the payment sector in recent years drawn by the wider trend of digitised finance and the ability to scale up investments through merging smaller players into a larger entity. 📈 What do you think? Would this be an interesting move or one deal too far? 🤷♂️ #BankingIndustry #DigitalTransformation #ArtificialIntelligence #OpenBanking #Payments https://lnkd.in/edUhpNsG

Investment #banks in #Europe are slashing jobs in their syndicate desks to cut costs. Highly experienced individuals are leaving, and instead of replacing them with similar seniority positions, layers of management are being taken out and #syndicate desks are left lighter than before. https://lnkd.in/eJqptHBq Société Générale is undergoing a major reorganisation of its #loans and credit distribution businesses, aiming to improve efficiency. The loan syndicate function will be split into two teams: one led by Eric Cherpion, global head of bond syndicate, while the other syndicate team will deal with real asset loans such as project, infrastructure, property and transport finance. Its head will be announced in the coming months. https://lnkd.in/emG6Ry9B Citi's EMEA debt capital markets unit is restructuring its management under CEO Jane Fraser's bank-wide efficiency efforts. Paul Gibbs, now head of debt financing and capital markets for the UK, Europe, and Middle East and Africa, will oversee three key members: Tommaso Ponselé, the new head of corporate DCM for Europe, Colm Rainey, head of UK and Ireland corporate and FIG DCM, and Iman Abdel Khalek, head of CEEMEA DCM. https://lnkd.in/euFUc7zN Jake Webster joins UBS's supranational and agency debt capital markets from Morgan Stanley's SSA DCM team. UBS believes this hire will build up its business and that it will be able to provide its #SSA clients with a full service offering, thanks to its number one rankings in the Swiss franc and Australian #dollar #bond markets. https://lnkd.in/eyUeV5n2 #Capitalmarkets

Exciting news from Deutsche Bank! According to the Financial Times, the bank is making strategic moves with a significant investment bank hiring spree. This focused effort is geared towards driving growth and success in the industry. It's a testament to the bank's commitment to staying ahead in the competitive financial landscape. #DeutscheBank #InvestmentBanking #FinancialGrowth https://ift.tt/QRJE7uX

🌐 Deutsche Bank is gearing up for a major hiring spree in its investment bank division, with a focus on leveraging the expertise of top talent to drive its future success. The Financial Times has reported on the bank's strategic move, highlighting the potential impact it could have on the organization's trajectory. As the financial landscape continues to evolve, attracting and nurturing top talent has become a key differentiator for banks. This hiring initiative reflects Deutsche Bank's commitment to positioning itself at the forefront of industry innovation and excellence. Exciting times ahead! #DeutscheBank #InvestmentBanking #FinancialTimes https://ift.tt/QRJE7uX

In a recent article on IFR, which cites our Director of Research at Campden Wealth, Adam Ratner, and our Global Family Office Research. The APAC region is buzzing with activity, and the interest from family offices is undeniable. It's incredible to witness these changes and the global opportunities they present. Having spoken with several major bank family offices and meeting with a few of our SFOs from Asia at the IPI Spring Forum in NY, it's clear that there's a significant shift happening—not just regionally, but also on a global stage. Key Points: - The wealth management dynamics in Asia are evolving as clients and bankers break away from traditional banks, partly influenced by the Credit Suisse downfall. - The rise of single-family and multiple-family offices in Asia is driven by a new generation of wealthy entrepreneurs seeking comprehensive wealth management solutions. - Hong Kong and Singapore are becoming key hubs, with over 2,700 SFOs in Hong Kong and around 1,400 in Singapore benefiting from tax incentives. - The consolidation of UBS and Credit Suisse has created new opportunities for asset management firms, with some clients moving to second-tier Swiss banks.

"Hong Kong’s wealth management sector was expanding at a compound annual growth rate of 7.6 per cent to and was set to overtake Switzerland by 2027, while Singapore’s was growing at 9 per cent and was on course to be in third place." Interesting article about Asia Wealth Management industry spoke by the CEO of UBS himself. It's good to hear Hong Kong is doing well in the Wealth Management industry! UBS Global Wealth Management was the largest private bank in Asia after its takeover of Credit Suisse. As of 2023, it is ranked top Private Bank by AUM size in Asia (US$646b) #swissbanking #HKWealthmanagement #UBSGlobalWM #Switzerland #InvestHK #CIES2024 #HKPrivatebanking #Privatebank

Private bankers want to be dealmakers and Wealth Management Is the Order of the Day For this classic investment banking offer, the institution has poached leading players from the business: the newly recruited employees come from American institutions Goldman Sachs and Bank of America. Meanwhile, at Goldman Sachs, the epitome of a powerful US investment bank, wealth management is the order of the day. Bank chief David Solomon has personally designated this division, which includes institutional business, as the primary growth driver for the firm. Currently, one-third of every dollar Goldman Sachs earns comes from wealth management; if the CEO's vision comes to fruition, this proportion will soon be significantly higher. Private bankers want to be dealmakers However, this self-image is beginning to crack. Powerful Wall Street firms are pushing into wealth management, and noble private bankers also want to be dealmakers. This shift is evident at the Brazilian-Swiss private bank J. Safra Sarasin, a bastion of discretion with a long history in Basel’s high society. As reported by finews.ch on Tuesday, the institution has now hired a new team in London, Europe's investment banking hub, to explicitly advise wealthy entrepreneurs on mergers and acquisitions (M&A). Interesting article written by Mr samuel gerber from Finews AG.

GOLDMAN SACHS IN A NUTSCHELL Goldman Sachs Group, Inc. (NYSE: GS) is a leading global investment banking, securities, and investment management firm. Here are key details about the company: ### Overview - **Founded:** 1869 - **Headquarters:** New York City, New York - **CEO:** David Solomon ### Business Operations Goldman Sachs operates through four primary segments: 1. **Investment Banking:**   - Provides financial advisory services on mergers, acquisitions, restructurings, and other transactions.   - Engages in underwriting services for debt and equity offerings. 2. **Global Markets:**   - Facilitates client transactions and provides market-making services in fixed income, equity, currency, and commodity markets.   - Offers prime brokerage and financing services to institutional clients. 3. **Asset Management:**   - Manages investment funds across asset classes such as equities, fixed income, private equity, and real estate.   - Provides advisory and wealth management services to individuals and institutions. 4. **Consumer & Wealth Management:**   - Offers banking products like loans and savings accounts through Marcus by Goldman Sachs.   - Provides financial planning and investment management services. ### Financial Performance - **Market Capitalization:** Approximately $118.75 billion - **Revenue:** Consistent growth driven by robust performance in investment banking and asset management. ### Recent Developments 1. **Strategic Initiatives:** Goldman Sachs is focusing on expanding its consumer banking operations and investing in digital financial services. 2. **Sustainability:** The firm has committed to sustainable finance and investment initiatives, aiming to deploy $750 billion in financing, investing, and advisory activity focused on sustainable development by 2030. ### Market Position Goldman Sachs is one of the most influential investment banks globally, known for its high-profile advisory roles and significant presence in financial markets. ### Customer Base - Serves a wide range of clients, including corporations, financial institutions, governments, and individuals. - Known for its high-net-worth individual client base in wealth management. ### Industry Challenges - Regulatory scrutiny and compliance costs due to its significant market impact. - Competition from other leading financial institutions and emerging fintech companies. - Economic fluctuations affecting investment banking revenues and asset management fees. ### Stock Performance Goldman Sachs is publicly traded on the NYSE under the ticker GS. The stock performance reflects its strong market position and investor confidence in its diversified business model. For more detailed and updated information, you can visit their [official website](https://lnkd.in/d_tyMmi9) or consult financial analysis platforms.