News

News

Here Are The Behind-The-Scenes Politics In The Decision To Let The Swiss Franc Cause Market Chaos

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Tomas Hirst

The Swiss National Bank’s decision to abandon its cap on the Swiss franc’s value against the euro last week threw the financial markets into chaos.

There are lots of theories as to why the central bank chose to act, but there is one that was clearly underappreciated — the role of Swiss local government in lobbying for dividend payments.

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RBS Said to Weigh Sale of Asia Corporate Banking Business

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Richard Partington and Brian Fowler

Royal Bank of Scotland Group Plc is looking to put most of its Asian corporate banking business up for sale, according to a person with knowledge of the discussions.

Chief Executive Officer Ross McEwan, 57, will hold a series of meetings in Singapore today to consider ways to scale back the lender’s Asian business, said the person, who asked not to be identified because the meetings are private. A spokesman for RBS in London declined to comment. The lender said last month that it’s shutting its Japanese trading business.

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Asia Pacific syndicated lending smashes $500bn barrier

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Prakash Chakravarti

Syndicated lending in Asia Pacific (excluding Japan) scaled new heights in 2014 to $523 billion as demand from Chinese companies continued to increase despite an economic slowdown and regulatory constraints, helping regional loan volumes surge 13 percent higher than the $462 billion clocked in 2013.

Loan activity created history with volumes crossing the $500 billion mark, quite remarkably in a short period of time since the 2008 global financial crisis. At the start of the millennium loans transacted in Asia (ex-Japan) totalled $110 billion and only breached the $200 billion mark in 2006.

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Aussie M&A hits three-year high

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Tim Stewart

Australian M&A activity has hit US$115.5 billion for 2014 – the highest annual period since 2011, according to Thomson Reuters.

The Thomson Reuters 2014 Mergers & Acquisitions Full Year Review reported a 15.5 per cent increase in M&A activity from 2013.

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Nomura announces new deputy head of wealth fund

Posted by Anton Murray Consulting on . Posted in News

Nomura has announced the appointment of Amanda Chen as Deputy Head of its Wealth Management Division for Asia exJapan.

Her appointment underlines Nomura’s ambition to further grow its Wealth Management business in Asia including Japan. In June 2014, Nomura announced the creation of a new Wealth Management business division that combined the firm’s wealth management platforms in Japan and Asia to achieve greater synergies and enhance the delivery of products and services to clients.

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Private equity firms feel ‘renewed sense of optimism’

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Sarah Thompson

Private equity players are hoping that a surge in corporate activity in the latter part of the financial year continues, with a fall in the value of domestic mergers and acquisitions offset by an uptick in deals led by offshore buyers.

As the private equity industry prepares to gather in Melbourne for its annual conference this week, a survey by the Australian Private Equity and Venture Capital Association (AVCAL) shows while total mergers and acquisitions and private placements completed in 2014 financial year remained at similar levels to 2012-13, foreign buyers made a bigger contribution to deal activity than in the previous year.

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