Hints and tips:
...UBS has hired Sean Lynch as a managing director for technology investment banking in California. He previously worked for Barclays....
...Green bond issuance increased 12 per cent in 2023 to $489bn, according to a Merrill Lynch report. Another $4bn of so-called “blue bonds” were issued last year for water improvements....
...The report came hot on the heels of another spoofing decision in the same New York courthouse, in a civil case brought by Bermudian hedge fund Harrington against Bank of America Merrill Lynch, CIBC and TD...
...Representatives from Citi, Edward Jones, Merrill Lynch, Morgan Stanley and UBS did not immediately respond to requests for comment....
...“That felt like my breakfast with Stan O’Neal and the menu,” he said, referring to a meeting with the then Merrill Lynch chief executive and the prop they used to sketch out plans for BlackRock’s 2006 acquisition...
...The entrepreneur behind this is Charles Li — whose career has included stints as a New York-based lawyer at Davis Polk & Wardwell, president of Merrill Lynch China, chair of JPMorgan China and most recently...
...Chief Jane Fraser recently hired Andy Sieg, the former president of Merrill Lynch Wealth Management, to revive the bank’s wealth business....
...Wang worked on Wall Street in the 1990s, then moved to Hong Kong in 1996 where he worked at Merrill Lynch and Deutsche Bank....
...In addition to the BGI acquisition there was also the purchase of Merrill Lynch Investment Managers in 2006. Before that there was State Street Research in 2004....
...Tikehau’s two founders, Mathieu Chabran and Antoine Flamarion, formerly of Merrill Lynch and Goldman Sachs, were aged only 28 and 31 when they set it up in 2004, with only €4mn in assets and vocal ambitions...
...Little known to the French public, Rémont started out as an industry aide in the cabinet of several economy ministers before a stint of several years as an investment banker at Merrill Lynch....
...Austin, a former investment banker with Merrill Lynch and Nomura, is estimated to have made about £66mn from the sale of RockRose in 2020....
...A series of acquisitions, most notably of Merrill Lynch Investment Managers in 2006 and Barclays Global Investors in 2009, transformed it into the industry’s biggest and broadest investment group....
...The case centred on the $33bn LBO of HCA, which was won by Bain Capital, KKR and Merrill Lynch, after there were no other competing bids....
...The listing arranged by Merrill Lynch valued BlackRock at just under $900m — much lower than expected....
...Growth in the number of shares held by ETFs has reduced the availability of stocks for trading for other market participants, according to Bank of America Merrill Lynch....
...One example of this work is with America’s Food Fund, set up by Leonardo DiCaprio, Laurene Powell Jobs and Apple. The fund has raised more than $45m on the platform to support food poverty charities....
...An investor group has called for Uber to remove John Thain, the former Merrill Lynch chief executive, from its board ahead of its initial public offering in New York....
...(Patrick Temple-West) Chart of the day In an annual survey of its financial advisers, Merrill Lynch this year focused on ESG....
...Lynch’s fund management arm to broaden its equities exposure....
...Over the years, Merrill Lynch and Barclays were among the BlackRock shareholders that have liquidated their stakes under some duress. PNC’s move does not betray the same desperation....
...Back in 2006, Citi, Merrill Lynch and Morgan Stanley underwrote an $11bn bridge loan for TXU, an energy utility, to build 11 coal-fired power plants....
...Silver is a longtime adviser to ICE and previously worked as a banker at Moelis, Morgan Stanley and Merrill Lynch....
...At the time, the company merged with Merrill Lynch’s investment management division, giving it part of a large equity franchise....
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