Latest news with #GoldmanSachs'
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
AccessFintech Appoints Sarah Shenton Chief Executive Officer
Longtime board member and capital markets leader to guide company's next phase of product innovation and global growth NEW YORK, July 28, 2025 /PRNewswire/ — AccessFintech, the data network driving capital optimization and greater operational capacity, today announced the appointment of Sarah Shenton as Chief Executive Officer, effective immediately. This strategic leadership change marks a significant step for the company as it positions itself for its next phase of growth. Shenton brings over 20 years of experience in operations, engineering and strategic investing to AccessFintech. Most recently, she led the Value Accelerator at Goldman Sachs' alternative assets business, where she collaborated with leadership teams at high-growth companies to drive scale, operational efficiency and commercial success. A long-time advocate for AccessFintech, Shenton led Goldman Sachs' Series A investment in the company and served as a Board Director from 2018 to 2025. She succeeds John Shay, who has effectively led the company as Interim CEO. John will remain part of the firm as Special Advisor to the CEO, ensuring a seamless transition and offering continued support and industry expertise to the leadership team. 'Sarah brings a rare combination of operational depth, technical insight and strategic vision to the CEO role,' said John Shay. 'Her deep knowledge of our company and industry, alongside her commitment to our mission, will be invaluable as we embark on our next growth phase.' 'I am honored to take on the role of CEO,' said Sarah Shenton. 'We've created a strong foundation and an ecosystem that matters, and now is the time to build on this success and deliver exceptional value to clients. As technology continues to transform markets, I look forward to working with our amazing team to seize the exciting opportunities ahead.' Shenton's appointment follows a unanimous decision by the Board, built on years of close collaboration during her tenure as a Director since 2018. 'Sarah's deep market expertise and long-standing commitment to AccessFintech's vision make her exceptionally well-suited to guide the organization into its next chapter of growth,' said Kevin Marcus, Partner at WestCap, on behalf of the AccessFintech Board. 'We are also deeply grateful to John Shay for his steady leadership as Interim CEO and are pleased he will continue to play an active role on the team as an Advisor.' AccessFintech has built a powerful data and workflow platform —the Synergy Network— that connects and distributes 75+ distinct data sets across 250+ leading financial institutions, enabling real-time collaboration and execution management across the post-trade lifecycle. Under Shenton's leadership, the company will continue to strengthen its role as a critical player in capital markets infrastructure and advance its mission to improve financial operations for clients. About AccessFintechAccessFintech enables improved data sharing and workflow collaboration to evolve the financial industry's operating model. At its core is the AccessFintech Synergy Network, a modern and secure collaboration network that allows for resolution and decision-making in one place. It facilitates data collaboration at scale and provides more visibility into transaction data and access to benchmarking insights. Synergy's workflow optimization speeds and simplifies transactions through digital automation, mutualizes risk and allows for better, more enlightened decision-making across organizations and functions. It also offers broad technology distribution that provides industry-wide connectivity to new technologies, reducing the cost of ownership for all. The Synergy Network has built a critical mass of data, participants and solutions with leading financial institutions and processes over a billion transactions every month. For more information, please visit or follow us on LinkedIn or X. Media Contactmarketing@
AU Financial Review
a day ago
- Business
- AU Financial Review
The great global short squeeze has reached Australia
The dogs are having their day. Wall Street is in the grip of the biggest speculative mania it has seen since the dotcom era or the madness of the COVID period of late 2020-21. Goldman Sachs' new speculative trading indicator is flashing red after an astonishing few months. The sense of FOMO is palpable. So-called penny stocks in the US are trading in the 98th percentile since 1990. Stocks with an enterprise value to sales ratio higher than 10 – that's sales, not profit – are in the 96th percentile. Unprofitable stocks are in the 85th percentile.
CNBC
7 days ago
- Business
- CNBC
Tech is growing problematically big for Wall Street
Tech is giving dotcom bubble vibes. Goldman Sachs' trading desk pointed out that the S & P 500 tech sector makes up more than a third of the index's total market cap — matching a record going back to 1999 and early 2000. "In total, the subsector boasts a market cap of ~$18.5trn – this subsector market cap size alone is larger than the entire market cap of every country outside of the U.S.," the trading desk said. Major market concentration in one sector is not new, even for this bull run. Despite some instances in which other sectors began outperforming, tech has remained the Wall Street stalwart during the run to record highs over the past few years. However, the current size of tech makes the broader market vulnerable to idiosyncratic pressures in the space. .SPX YTD mountain SPX year to date Tech could be under pressure in the next two weeks, as major names get set to report earnings . Alphabet is slated to post results Wednesday after the bell. Microsoft, Apple, Amazon and Meta Platforms are due out next week. The market will need to see strong numbers from these names for the S & P 500 to continue its march to record levels. The benchmark on Monday posted fresh all-time closing and intraday highs. On top of that, the rest of the S & P 500 may be showing signs of fatigue. The Invesco S & P 500 Equal Weight ETF (RSP) closed lower on Monday, as it gave up an earlier gain for the day. To be sure, one day doesn't make a trend. But if the S & P 500 ex-tech slides and the rest of the market can't pick up the slack — it could be trouble ahead for investors.
Nikkei Asia
7 days ago
- Business
- Nikkei Asia
Goldman Sachs expands in southern US to capture growing region
Aasem Khalil, head of Goldman Sachs' Dallas office, poses in June in front of a Dallas construction site where the investment bank is building a new office. (Photo by Yuta Saito) YUTA SAITO DALLAS, Texas -- Think of the world's financial capital, and New York comes to mind. Yet the famed American city now faces competition within its own country as unique incentives prompt leading financial groups to take operations to states in the South. Goldman Sachs was already a fixture in Dallas when it started a massive expansion in the northern Texas city in 2017. Aasem Khalil recently told Nikkei that when he took over as the head of the Dallas office nine years ago, it had just 900 employees.
Business Recorder
21-07-2025
- Business
- Business Recorder
Goldman's profit tops estimates as market turbulence powers record equities revenue
NEW YORK: Goldman Sachs' second-quarter profit exceeded Wall Street expectations, as turbulent markets raised revenue in its equities division to a record, and a pickup in dealmaking boosted investment banking. The results capture a growing trend of market turmoil boosting trading desks across Wall Street as investors rebalance their portfolios to manage tariff-related risks. Goldman's equities revenue rose 36% to $4.3 billion, higher than the $3.6 billion analysts were expecting, according to estimates compiled by LSEG. Fixed income, currencies, and commodities business hauled in $3.47 billion, 9% higher than a year ago. Financing revenue in both equities and FICC hit a record. While shifting tariff risks kept some companies on the sidelines, pent-up demand for dealmaking triggered a flurry of acquisitions. Still, trade policy uncertainty in recent weeks has revived concerns about how long the momentum would last. Goldman's peers JPMorgan Chase and Citigroup reported strong growth in investment banking fees, while Morgan Stanley and Bank of America posted declines. 'A narrowed range of outcomes on trade and the overall economy has helped CEO confidence and increased their willingness to transact. We've seen a pickup in momentum with both strategic and sponsor clients,' Goldman CEO David Solomon said. Goldman's investment banking fees stood at $2.19 billion, rising 26% from a year ago. Analysts were expecting a nearly 10% jump. The bank remained the top adviser by deal value on mergers and acquisitions globally in the second quarter, according to Dealogic data. It advised Holcim on the spinoff of its North American business Amrize, now valued at $28 billion. It also worked with Informatica, which was bought by Salesforce for about $8 billion. 'The well-above consensus rise in investment banking was (a surprise), with a lot of analysts snookered into thinking that macro uncertainty would hold back this line item more than it did,' said Stephen Biggar, director of financial services research at Argus Research. Advisory fees were significantly higher due to strength in the Americas and Europe, the Middle East, and Africa, the bank said.
