Investment Week’s Post

#Deal 📈Apollo Global Management, Inc. has acquired the majority of Deutsche Bank significant risk transfer linked to a portfolio of leveraged finance debt with a value of approximately $3 billion, according to sources familiar with the matter. 💰 Bloomberg News reported earlier this month that Frankfurt-based Deutsche Bank increased the size of the transaction in response to strong investor demand. The SRT is a portfolio of credit facilities and loans, according to the individuals with knowledge of the matter. Global issuance of SRTs for the whole of 2024 is expected to reach $28 billion to $30 billion, based on a robust second-half pipeline, according to estimates released by Chorus Capital in July. This represents a significant increase on the approximately $24 billion recorded last year, which represents the highest annual volume on record.🚀 #Market #stock #Management #Capital #bourse

HSBC Holdings is exploring the sale of various business units in Germany including its wealth-management, custody and fund administration units, according to people familiar with the matter. The disposals would add to HSBC’s long list of exits from business activities and countries in recent years, including North America and its French retail operations. The exits are part of a move to sharpen its focus on its core Asian operations with the bank looking to cater to German corporates with operations in Asia for instance.   The UK-based lender completed the sale of its Canadian business to Royal Bank of Canada (RBC) on March 28 for a US$4.9 billion gain, unlocking “significant value” for the group, according to a stock exchange filing. The group expects to take a loss from the sale of its French retail banking assets, which has been delayed since mid-2021. Inka, HSBC’s German fund administration business, is one of the biggest in the industry with around €400 billion (US$431 billion) of assets under administration, according to its website.   The last big transaction in the custody space was Crédit Agricole CIB-owned CACEIS’s acquisition of Royal Bank of Canada’s European asset servicing operations. French investment bank Societe Generale is said to be exploring options for its custodian business. HSBC’s German private-banking activities generated around US$90 million in revenues in 2023, according to the bank. Source: South China Morning Post SCMP #china #asiapacific #chineseeconomy #globalfinance #banking #capitalmarkets #crossborder #wealthmanagement #assetmanagement #investment

🚀 MLP Group secures €21.5 million financing from BNP Paribas Bank Polska S.A. 💰 The funds will be utilized to refinance existing projects, further strengthening MLP Group's financial position and enabling future growth opportunities. 📈 This strategic partnership with BNP Paribas Bank Polska S.A. demonstrates the trust and confidence in MLP Group's business model and its ability to deliver successful projects. 🤝 With this financing, MLP Group is well-positioned to continue its expansion and maintain its position as a leading player in the industry. 🌍 What are your thoughts on this financing agreement? Let us know in the comments below! 💬 #MLPGroup #BNPParibasBankPolska #FinancingAgreement Source: https://lnkd.in/exWZqaVK

APRA Ends the Era of Bank Hybrids—Here’s Why It Matters APRA has just called time on bank hybrids, phasing them out by 2032. This bold move follows the collapse of Credit Suisse in 2023, revealing that these securities—often misunderstood by retail investors—pose too much risk for retail investors. What's next? Banks will now turn to Tier 2 bonds and more equity to protect against future crises. While this simplifies the capital structure and shields everyday investors, it could drive up funding costs and reshape investment options. For investors, the message is clear: change is coming. Adapt and stay ahead in this evolving landscape. https://lnkd.in/gxZmJvzd #Finance #Investing #APRA #MarketShift #BankingReform #FinancialPlanning

Amid interest rate uncertainty, how can asset-rich investors unlock values from their wealth tied up in illiquid or concentrated assets? In a recent interview with South China Morning Post SCMP, our Regional Head of Credit Advisory, Asia Pacific Jyrki Rauhio and Head of Origination, Credit Advisory, North Asia Mathieu Rabiller, CFA discussed innovative approaches to releasing liquidity from assets through different tailored structured lending solutions, such as financing for art collections, yachts, jets, single stocks and private equity. Read more: https://grp.hsbc/6043jug5f #PrivateBanking #Credit #Financing

The second largest Swiss #bank specialising in managing private fortunes, Julius Baer Group AG, is to open a bank in Portugal in 2025. ___ #portugalnews #portugal #portugalbusiness #businessnews #banking #investment #investmentbanking #openmediagroup #essentialbusiness #wealthmanagement

GlobalCapital welcomed an exclusive group of #securitization issuers and investors for a private GC Live briefing in London that discussed how the UK RMBS market is changing now that many high-street banks and building societies have returned. “The return of the prime RMBS market is important for the UK market overall. So having the big guys giving conviction to the securitization market, saying “We’re here”, returning after all the central bank funding they’ve received over the past 10 years, helps to support the market and help it benchmark against covereds. So, I do think that’s a supportive sign for the market.” — Gordon Kerr, managing director, head of European research, Kroll Bond Rating Agency (KBRA) With cheap central bank funding schemes winding down, high-profile lenders like Lloyds and Nationwide are back in the prime RMBS sector to much acclaim. But there are questions around the extent of their impact and how the ripples will be felt across the market. Will these prime issuers pave the way for a thriving and robust market? Is the question for treasurers now choosing between RMBS or #coveredbonds? How has Nationwide’s ‘stock and drop’ innovation to speed up issuance changed things? Or will slow structuring and high legal costs mean securitization remains a mere diversification play? Download the report to see what securitization issuers and investors have to say: https://lnkd.in/eQFDQY5Z Participants: - Harry Choulilitsas, director, structured credit syndicate — Europe and UK, Natixis Corporate & Investment Banking - Gordon Kerr, managing director, head of European research, Kroll Bond Rating Agency (KBRA) - Gavin Parker, head of securitization and collateral, group corporate treasury, Lloyds Banking Group - Aza Teeuwen, partner, co-head ABS, TwentyFour Asset Management LLP   Moderator:  - Tom Lemmon, global securitization editor, GlobalCapital   Sponsored by KBRA, Latham & Watkins, Natixis Corporate & Investment Banking #capitalmarkets #structuredfinance #investors #RMBS #banks #banking

With a lot of hoopla the media, experts and even insiders are rolling out proposals how to bring WLB to the hard-charging world of investment banking. In the Financial Times Craig Coben makes those recommendations seem naive. The structure of the tasks and the extreme expectations of clients make WLB impossible. To that I add this: Could WLB be not much more than a trendy meme which will fade out? Remember quality circles ... https://lnkd.in/gYZ9APT6 #InvestmentBanking #WLB #NoShortageofApplications

BNP Paribas Agrees to Buy HSBC Unit in German Wealth Push Acquisition: BNP Paribas SA, a French bank, is buying HSBC Holdings Plc's private banking operations in Germany. Growth strategy: This acquisition is part of BNP Paribas' strategy to expand its presence in the German wealth management market. Increased assets: The deal will increase BNP Paribas' assets under management in its German wealth management business to over €40 billion ($44.6 billion). Market context: Germany is seeing growing demand for wealth management services, largely driven by its many family-owned businesses. Competition: Other banks, including Deutsche Bank AG and Commerzbank AG, are also seeking growth in the German private banking sector. Recent trend: This acquisition follows a similar move by ABN AMRO Bank N.V., which recently bought German lender HAUCK AUFHÄUSER LAMPE Privatbank AG for €672 million. Prior indication: Bloomberg had reported BNP Paribas' interest in this acquisition in July. BNP Paribas' position: The bank claims to be the largest private bank in the euro area, with €446 billion in total assets under management (excluding Switzerland). Leadership: BNP Paribas Germany is led by Lutz Diederichs, who has expressed a long-standing interest in growing the bank's private banking operations in Germany. #Growth #PrivateBanking #WealthManagement #AUM #Germany I Bloomberg News I Steven Arons

Our annually launched study Clarity on Swiss Private Banks shows a remarkable turnaround in Switzerland’s private banking industry. Median profitability, return on equity and cost-income ratios all improved. This was thanks to a boost in interest income that benefited small banks in particular. But with NNM being low and AuM remaining flat, the question is what will happen once interest rates fall. Find out more about how Swiss private banks performed in 2023 at kpmg.ch/pb #PrivateBanking #ClarityPB #WealthManagement