Latest news with #InvestmentBanking
Zawya
2 days ago
- Business
- Zawya
Mohammed Fannouch appointed Co-Head of Capital Markets and Advisory Middle East, North Africa and Turkiye at HSBC
HSBC is pleased to announce that Mohammed Fannouch has been appointed Co-Head of Capital Markets and Advisory (CMA), Middle East, North Africa and Turkiye (MENAT), subject to regulatory approval. Fannouch will lead the business with Samer Deghaili, who has been Co-Head of HSBC's investment banking business in the region since 2020. Together, they will be responsible for building on the strong foundations of HSBC's market-leading franchise and driving its CMA strategy in the Middle East, comprising financing solutions, corporate finance, and strategic advisory. Fannouch and Deghaili will continue to be based in Riyadh and UAE, respectively. Fannouch has over 20 years' experience in originating, advising and executing investment banking transactions in Saudi Arabia and across the region. Having joined HSBC in 2008, he has acted on some of the most significant ECM and M&A deals in the Middle East, most recently as Co-Head of HSBC's #1 investment banking franchise in Saudi Arabia. Adam Bagshaw, Global Head, Capital Markets and Advisory, HSBC, said: 'HSBC is in investing in areas of core competitive strength. With our MENAT CMA leadership now based in two key financial hubs, the UAE and Saudi Arabia, we will be even better placed to partner with our clients and support them as they navigate the region's growth potential.' -Ends- Notes: The appointment follows HSBC's reorganisation of its capital markets and corporate advisory division in May 2025, which identified the Middle East as a region of continued investment, including in M&A and ECM. HSBC has consistently led the region's capital markets and advisory space; in 2024, HSBC topped Bloomberg's Middle East league tables for both ECM and DCM for the fourth consecutive year and, earlier this year, was named as Euromoney's Best Investment Bank in the Middle East, for the tenth year. Media Contacts HSBC Middle East Ahmad Othman / Lucy Stewart / About HSBC HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world's largest banking and financial services organisations.
Globe and Mail
7 days ago
- Business
- Globe and Mail
Alex Ham joins Barclays as Global Chairman of Investment Banking
Barclays today announced the appointment of Alex Ham as Global Chairman of Investment Banking, based in London. This press release features multimedia. View the full release here: Mr. Ham is a proven leader who brings 20 years of experience and leadership to Barclays. He joins from Deutsche Bank where he served as Co-CEO Deutsche Numis and Head of Global Private Growth Capital. In growing that franchise, Mr. Ham developed strong connectivity between European founders of high-growth companies and the leading global venture capitalists, private equity, and the public equity markets. He brings to Barclays deep connectivity in the key technology hubs around the world and strong client relationships with the entrepreneur community globally. This is critical as Barclays looks to be at the forefront of advising clients driving disruption and innovation. Commenting on the appointment, Cathal Deasy, Global Co-Head of Investment Banking at Barclays, said, 'We are excited Alex is joining Barclays and are confident he will bring to our Investment Banking franchise a unique combination of connectivity across the global growth and private capital ecosystems, with a proven track record as a trusted adviser to founder-led, high-growth companies.' Also commenting on the appointment, Taylor Wright, Global Co-Head of Investment Banking at Barclays, said, 'Alex will help us grow mindshare with venture capitalists and growth private equity investors, and deepen engagement with clients. This will further enhance the momentum in these franchises, while also contributing to our strategic objectives of growing market share in ECM and M&A.' Mr. Ham's appointment will strengthen Barclays' leading UK and European franchises across all industries. He starts in early 2026. About Barclays Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities.
Business Wire
7 days ago
- Business
- Business Wire
Alex Ham joins Barclays as Global Chairman of Investment Banking
NEW YORK--(BUSINESS WIRE)--Barclays today announced the appointment of Alex Ham as Global Chairman of Investment Banking, based in London. Mr. Ham is a proven leader who brings 20 years of experience and leadership to Barclays. He joins from Deutsche Bank where he served as Co-CEO Deutsche Numis and Head of Global Private Growth Capital. In growing that franchise, Mr. Ham developed strong connectivity between European founders of high-growth companies and the leading global venture capitalists, private equity, and the public equity markets. He brings to Barclays deep connectivity in the key technology hubs around the world and strong client relationships with the entrepreneur community globally. This is critical as Barclays looks to be at the forefront of advising clients driving disruption and innovation. Commenting on the appointment, Cathal Deasy, Global Co-Head of Investment Banking at Barclays, said, 'We are excited Alex is joining Barclays and are confident he will bring to our Investment Banking franchise a unique combination of connectivity across the global growth and private capital ecosystems, with a proven track record as a trusted adviser to founder-led, high-growth companies.' Also commenting on the appointment, Taylor Wright, Global Co-Head of Investment Banking at Barclays, said, 'Alex will help us grow mindshare with venture capitalists and growth private equity investors, and deepen engagement with clients. This will further enhance the momentum in these franchises, while also contributing to our strategic objectives of growing market share in ECM and M&A.' Mr. Ham's appointment will strengthen Barclays' leading UK and European franchises across all industries. He starts in early 2026. About Barclays Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities. For further information about Barclays, please visit our website
Yahoo
22-07-2025
- Business
- Yahoo
Raymond James Cuts Truist Financial (TFC) PT, Keeps Outperform Rating
Truist Financial Corporation (NYSE:TFC) is one of the 10 Best Financial Stocks on Wall Street's Radar. On July 18, Raymond James reduced its price target for Truist Financial Corporation (NYSE:TFC) from $50 to $48 while keeping an 'Outperform' rating. The investment firm noted that Truist Financial Corporation (NYSE:TFC) shares are underperforming. Raymond James believes this reflects market concerns around near-term net interest margin/net interest income and the expected increase in investment banking fees in the second half of the year. A closeup view of a hand inserting a credit card into an ATM machine. The firm now projects adjusted revenue growth for Truist Financial Corporation (NYSE:TFC) to be at the low end of the company's own target range of 1.5% to 2.5%. This view reflects the uncertain business and economic environment. However, Raymond James noted that if there is progress on deregulation and loan growth improves, Truist Financial Corporation (NYSE:TFC) could see stronger results. The investment firm still believes there is a 'modestly positive risk-reward skew' for Truist Financial Corporation (NYSE:TFC). Raymond James pointed to the company's progress toward mid-teens return on tangible common equity, a slight improvement in the short-term outlook for credit, and expected positive operating leverage. All of this comes as Truist Financial Corporation (NYSE:TFC) trades at a discount compared to its peers. Truist Financial Corporation (NYSE:TFC) is an American bank holding and financial services company. It specializes in consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses. While we acknowledge the potential of TFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-07-2025
- Business
- Yahoo
Banks are getting even better at making money no matter what: Morning Brief
Interest rates staying higher for longer, trade uncertainty lingering for months, and market volatility blasting through portfolios haven't stopped the nation's biggest banks from raking it in. What might be exasperating for many investors — whether it's people who need to convert their equities into cash or those relying on short-term gains — isn't all that bad for the financial services sector. This week, the five big Wall Street banks reported collective second quarter trading and investment banking revenues that rose 17% and 7%, respectively, compared to the same period last year. Sign up for the Yahoo Finance Morning Brief By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy For equities desks, the volatility isn't antithetical to prosperity; it's a source of it. Buying and selling stocks and other products for their clients is what matters, rather than the price direction. That's how the market gyrations of the past quarter, which inspired among retail investors an emotional roller coaster of fear, anxiety, relief, and excitement, also greatly profited the major banks. Whether the ticker charts went up or down mattered less than all that money shuffling around. And there was plenty of that. As my colleague Jake Conley reports, the S&P 500 (^GSPC) recorded some of its biggest one- and two-day swings during the past quarter. The flurry of events from the "Liberation Day" tariffs, the rollbacks and threats, and the Israel-Iran conflict rattled trading sessions. And while investors who had the stomach to peek at their 401(k) might have been sickened or reassured, depending on the day, banks were dutifully collecting fees in either direction. That's a testament to the adaptability and diversification of financial services — a theme we hit last quarter as well. In the same way that banks can thrive amid trading volatility, they can also prosper in different interest rate environments, even when the economic outlook worsens. Banks are even looking past — or through — the tariff uncertainty that economists have warned about. Bank executives made it clear this week that their corporate clients are moving forward with strategic plans despite shifting trade policy, giving the green light to mergers, raising debt, and going public. Whether the market is disregarding looming tariff deadlines or has embraced the White House vision of rebalancing trade is its own interesting story. Is some sort of Wall Street reckoning on the way? As JPMorgan Chase CEO Jamie Dimon recently said, the markets could be underplaying the threats on the horizon as complacency and desensitization set in. Ultimately, it might not matter — for the banks, that is. Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban. Click here for in-depth analysis of the latest stock market news and events moving stock prices
