Revenue from the segment rose at rival JPMorgan Chase and Citigroup in the first quarter, fueled by gains in debt and equity capital markets. On Monday, Goldman Sachs' profit beat estimates as underwriting, deals and bond trading lifted its earnings per share to the highest since late 2021. Read more:
Barclays said in the memo the promotion is part of its move to accelerate the execution of its investment banking plan. The British bank is undergoing a global restructuring with the overhaul of investment banking business at its core. With the newly created role, Thakur assumes additional responsibilities of leading the region's equity financing activities.
Barclays said in the memo the promotion is part of its move to accelerate the execution of its investment banking plan. The British bank is undergoing a global restructuring with the overhaul of investment banking business at its core. With the newly created role, Thakur assumes additional responsibilities of leading the region's equity financing activities.
The moves follow Standard Chartered's announcement last month that banker Simon Cooper, who had been seen by some investors as a potential successor to group CEO Bill Winters, was leaving the firm and that Roberto Hoornweg and Sunil Kaushal would take over as co-heads of corporate and investment banking. Read more:
In his new role, Atul Mehra will be overseeing both the Investment Banking and Institutional Equities businesses. Axis Capital has also welcomed Parag Gude as the COO – Institutional Equities and Dhaval Desai as Head – Cash Equities.
Viswas Raghavan, a competitive and ambitious dealmaker, is hired by Citigroup CEO Jane Fraser to lead the struggling Wall Street operation. Raghavan will oversee the advisory, capital markets, corporate, and commercial banking businesses amid a decline in revenues and dealmaking. His interest in taking control of a broader division also underscores his ambitions.
Merger and acquisition activity in India is expected to grow this year as companies attract capital from sovereign wealth funds, the Middle East, and elsewhere. Investments will range from outright acquisitions to greenfield projects and partnerships. Deal volume has been growing as financial sponsors, pension, and sovereign wealth funds from the US, Canada, and Singapore acquire controlling stakes in Indian infrastructure companies, real estate, and green energy.
Dimon's succession plans have long been the subject of speculation. In May, he signaled he could depart in 3-1/2 years. During his 18 years at the helm, several executives who were viewed as potential successors left to run other companies as Dimon stayed longer than expected. Read on to know more:
At Axis Capital, Mehra will be responsible for overseeing equity capital markets, business operations, mergers and acquisitions, securities markets, research, institutional equities, loan syndication and other related business activities, said the people. He formally tendered his resignation on January 19, according to JM Financial Services, and he is slated to conclude his tenure at the company by April 20.
It also gives leeway to investors, including those with so-called sustainable mandates. The phrase “transition finance” is loosely defined as investments mainly in industries and infrastructure that help drive efforts to achieve a net-zero economy. It’s distinct from green finance, which generally targets so-called climate solutions like wind farms or battery plants.
Global investment banks are increasingly targeting India to generate revenues in Asia as dealmaking activities in China, which has long been an engine of growth for them, slow sharply due to an economic downturn and regulatory uncertainties.
Get updates on your preferred social platform
Follow us for the latest news, insider access to events and more.
