Webb Garner Wealth Partners transitions its USD350M assets to Arkadios Capital
Webb Garner Wealth Partners, a renowned full-service wealth management registered independent advisor, announces its strategic decision to transition its $350MM in assets under advisement to Arkadios Capital, an award-winning independent hybrid broker-dealer. Founded in 1998 by Stewart Webb and Gerald Garner, Webb Garner Wealth Partners has a rich history of providing comprehensive wealth management services to individuals and […]
Newmont designates Karyn Ovelmen as Executive VP and CFO
Newmont Corporation yesterday announced the appointment of Karyn Ovelmen as Executive Vice President and Chief Financial Officer. Karyn Ovelmen is a highly experienced financial professional who will focus on financial discipline and maintaining a robust and flexible balance sheet to support Newmont’s capital allocation strategy. Karyn will be responsible for Newmont’s Global Finance Functions and […]
OriginClear merges Modular Water Systems Division with Water On Demand, Inc.
OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that it recently merged its Modular Water Systems division (MWS or Modular Water) with OriginClear’s subsidiary, Water On Demand, Inc. Water On Demand purchased Modular Water’s assets in return for 6 million shares of Water On Demand common stock. The assets include OriginClear’s existing […]
Dominari Financial acquires Fieldpoint Private Bank and Trust
Dominari Financial Inc, the financial services subsidiary of Dominari Holdings Inc, has announced the acquisition of the broker-dealer and registered investment advisor business of Fieldpoint Private Bank and Trust. The acquired business will be the foundation of a new financial services entity that will be known as Dominari Securities LLC. Fieldpoint Private Bank and Trust […]
UBS to strengthen its position by acquiring Credit Suisse
UBS plans to acquire Credit Suisse. The combination is expected to create a business with more than USD 5 trillion in total invested assets and sustainable value opportunities. It will further strengthen UBS’s position as one of the leading Swiss-based global wealth manager with more than USD 3.4 trillion in invested assets on a combined […]
Republic Bank announces complete acquisition of CBank and its subsidiary
Republic Bancorp, Inc., the parent company of Republic Bank & Trust Company, is pleased to announce the Bank has completed its previously announced merger with CBank and CBank’s wholly owned subsidiary, Commercial Industrial Finance, Inc., for approximately $51 million in cash. “We are excited about our further expansion into the Cincinnati area and the long-term […]
SVB Financial Group announces appointment of restructuring committee
SVB Financial Group announced yesterday that its Board of Directors has appointed a restructuring committee consisting of five independent directors to explore strategic alternatives for the holding company and its SVB Capital and SVB Securities businesses, as well as its other assets and investments. Both of these businesses are separate divisions of SVBFG and not […]
SHUAA ICC funds surpass industry standards in 2022
SHUAA Capital psc, the leading asset management and investment banking platform in the region, has affirmed its position as one of the leading regional asset managers, outperforming global industry benchmarks and strong growth in Assets Under Management across its Incorporated Cell Company (ICC) fund range, domiciled in Abu Dhabi Global Market (ADGM) and managed by […]
ABK forecasts a 19% increase in net profit in 2022
Al Ahli Bank of Kuwait (ABK) reported a net profit of KD 32.3 million in the financial year 2022. The increase in the net profit compared to the same period in 2021 was 19 percent. Net operating profit rose by 10 percent to a total KD 90.1 million, and earnings per share were 14 fils, […]
