Business Investment – Game Towne http://gametowne.com/ Thu, 23 Jun 2022 17:56:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://gametowne.com/wp-content/uploads/2021/06/icon-6-150x150.png Business Investment – Game Towne http://gametowne.com/ 32 32 Stocks flip red as investors try to shake off recession fears https://gametowne.com/stocks-flip-red-as-investors-try-to-shake-off-recession-fears/ Thu, 23 Jun 2022 17:32:24 +0000 https://gametowne.com/stocks-flip-red-as-investors-try-to-shake-off-recession-fears/ Placeholder while loading article actions U.S. stocks fluctuated in choppy trade on Thursday as investors tried to shake off recession fears. The Dow Jones Industrial Average rose nearly 200 points and then fell back, trading down 120 points or 0.4% during the afternoon session. The S&P 500 was virtually unchanged, while the tech-heavy Nasdaq fell […]]]>
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U.S. stocks fluctuated in choppy trade on Thursday as investors tried to shake off recession fears.

The Dow Jones Industrial Average rose nearly 200 points and then fell back, trading down 120 points or 0.4% during the afternoon session. The S&P 500 was virtually unchanged, while the tech-heavy Nasdaq fell 0.3%.

Major indexes lost ground on Wednesday after Federal Reserve Chairman Jerome H. Powell acknowledged in congressional testimony that higher interest rates could lead to a recession, saying it was “certainly a possibility”. Last week the Fed introduced a three-quarters of a percentage point jump, its biggest increase since 1994, as part of an aggressive strategy to contain inflation, which has been high for decades.

Fed Chairman Acknowledges Higher Interest Rates Could Trigger Recession

On Wednesday, Powell told lawmakers on the Senate Banking Committee that the Fed was determined to roll back runaway inflation. “We understand the difficulties caused by high inflation,” he said. “We are firmly committed to bringing inflation down, and we are moving quickly to do so. We have both the tools we need and the determination it will take to restore price stability on behalf of families and communities. American companies.

Inflation hit a new high in May – climbing 8.6% year-on-year – signaling that Fed policies aimed at containing soaring prices for food, fuel, housing and other necessities do not yet have a robust impact. This shook consumer and investor confidence and underscored the growing likelihood of a recession.

Citing higher interest rates and weak consumer demand, analysts from Citigroup and Deutsche Bank predicted a 50% chance for a coming recession.

Powell will appear before the House Financial Services Committee on Thursday.

Investors have a number of economic data points to analyze. The yield on the benchmark 10-year US Treasury plunged to 3.02%, its lowest in two weeks. Bond yields move inversely to prices.

In the manufacturing and services sector, the US Manufacturing Purchasing Managers’ Index fell to 52.4 in June from 57 the previous month. The services PMI fell to 51.6 from 53.6 in May. The index is released by S&P Global after surveying over 300 business executives.

“The survey data is consistent with the economy expanding at an annualized rate of less than 1% in June, with the goods-producing sector already in decline and the vast services sector slowing sharply,” said Chris Williamson, chief economist at S&P Global. Market Intelligence, in a report. As hundreds of households cut non-essential goods and activities – such as travel and meals – producers experienced the first contraction in new orders since July 2020.

Employment has been reduced due to supply and demand issues. The S&P Global report says manufacturers and service providers are struggling to hire or retain workers, while falling consumer spending is making employers reluctant to replace customers.

Americans are starting to withdraw from travel and restaurants

New jobless claims fell by 2,000 to a seasonally adjusted 229,000, according to new data released Thursday by the Labor Department, indicating that the number of Americans filing for unemployment benefits remained relatively flat for the year. A widely watched indicator of layoffs, the level of jobless claims will be closely watched for signs of a weaker labor market as the Fed pursues more aggressive monetary policy and fears of a possible recession increase.

For homebuyers, the rising cost of borrowing has put a strain on an already declining housing market. The latest data from Freddie Mac showed the average weekly 30-year fixed-rate mortgage – the most popular home loan product – rose to 5.81%, nearly double what it was a year ago. one year old. The combination of rising mortgage costs and high house prices, which averaged $428,700 according to St. Louis Fed data, could lead to lower sales.

“However, in reality, many potential buyers are still interested in buying a home, keeping the market competitive but stabilizing the past two years of scorching activity,” Freddie analysts wrote. Mac.

Mortgage costs $128,000 more over 30 years for $250,000 home

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Why Private Equity Fund PieLAB is Ditching Tech Investing for SMBs https://gametowne.com/why-private-equity-fund-pielab-is-ditching-tech-investing-for-smbs/ Wed, 22 Jun 2022 04:34:00 +0000 https://gametowne.com/why-private-equity-fund-pielab-is-ditching-tech-investing-for-smbs/ “We bought at multiples of EBITDA, rather than multiples of revenue, and that gave us better risk-adjusted returns. And there are more companies to choose from. PieLab’s first $28.5m real estate technology-focused fund was launched in 2016, after Mr Rolls sold Queensland’s largest property management company, Rental Express, to billionaire Paul Little’s Little Real Estate […]]]>

“We bought at multiples of EBITDA, rather than multiples of revenue, and that gave us better risk-adjusted returns. And there are more companies to choose from.

PieLab’s first $28.5m real estate technology-focused fund was launched in 2016, after Mr Rolls sold Queensland’s largest property management company, Rental Express, to billionaire Paul Little’s Little Real Estate in December 2015.

The PE fund has already secured commitments from 39 of its 43 initial investors to reinvest the same amount, or more, in fund two.

To date, PieLab has invested in 10 companies, including real estate email marketing technology platform ActivePipe, rental technology company HappyCo, Amazon Web Services-centric technology transformation company Idea 11, Brisbane-based AI-powered lead generation AiRE and tech-enabled research firm Farron Research.

From his first fund, he also invested in a few non-tech companies, including security and compliance firm Detector Inspector and Stansure Strata, a Queensland-based corporate and strata management services firm.

The fund has an internal rate of return of 34% net of fees and it has had two exits, which collectively repaid half of the fund’s capital one in cash.

In February, ActivePipe was sold to Seattle-based technology company MoxiWorks for an undisclosed amount.

Mr Rolls said he expected around half of the new fund to be taken up by existing investors.

“It’s mostly family offices that are increasing their allocation, in some cases asking for a 10-fold increase in the amount of fund one,” he said.

“Family offices realize that we are not investment bankers, we are business operators and we know how to run a good quality small and medium business.

“I think the prices you would pay to invest in growth tech companies are more attractive than they were six months ago, but nowhere near as attractive as they were when we started investing. Valuations are still too high and risk-adjusted returns for SMEs are much higher.”

In most cases, the companies that PieLAB intends to acquire for its second fund will be SMEs with older founders who are ready to step back, but with management teams intact, who will stay and continue to run businesses, with some advice from PieLAB.

The focus will remain on the real estate sector, but it is open to other investments outside of space, as long as companies have stable recurring revenue.

Mr Rolls intends to grow the portfolio to nearly a $1 billion market capitalization, before going public.

“At the time we list the portfolio, we believe it will be an attractive asset in the public market, with stable recurring income and strong cash flow,” he said.

“Typical private equity fund models are challenged due to the artificial time frame to exit companies with good potential.”

Mr. Rolls pointed to Sequoia Capital’s new evergreen fund structure, similar to PieLAB’s model, as well as Canadian-based Constellation Software.

He believed investors would be attracted to PieLAB’s offering more than the already listed investment firm Bailador because it would build a portfolio of profitable businesses.

“They will all pay dividends from day one and continue to do so,” Mr Rolls said.

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Hethel company receives £15m investment https://gametowne.com/hethel-company-receives-15m-investment/ Mon, 20 Jun 2022 05:45:00 +0000 https://gametowne.com/hethel-company-receives-15m-investment/ Published: 06:45 20 June 2022 An innovative company finding new uses for end-of-life electric car batteries is investing millions of pounds into its Norfolk site. Connected Energy has received a £15million investment, part of which intends to use the upgrade of its ‘tech centre’ in Hethel, just south of Norwich. The company specializes in recovering […]]]>

Published:
06:45 20 June 2022



An innovative company finding new uses for end-of-life electric car batteries is investing millions of pounds into its Norfolk site.

Connected Energy has received a £15million investment, part of which intends to use the upgrade of its ‘tech centre’ in Hethel, just south of Norwich.

The company specializes in recovering old batteries from electric vehicles once they have deteriorated and reusing them for other energy uses.

Matthew Lumsden, its CEO, said the money would be used to increase Hethel’s 15-person workforce by 10 over the next year.


Tania Saxby, Connected Energy Project Manager, checks a component of a battery storage system
– Credit: Connected Energy

It will also be used to “invest in more equipment to allow us to integrate more batteries and to evolve our technology”.

The company specializes in “second life batteries”.

It’s about removing them from electric cars once they’ve degraded by 25pc and are no longer usable in vehicles.

Thanks to the expertise of engineers at its Hethel site, the batteries are then reprogrammed and placed in a unit capable of storing the energy created by other renewable energy sources, such as solar panels.

It has made deals with several automakers, including Renault and Volvo, to use their batteries.


Connected Energy Second Life Battery Units

Electric vehicle batteries are placed in units and can store energy created from renewables
– Credit: Connected Energy

Connected Energy is headquartered in Newcastle upon Tyne, but its Hethel center is described as the ‘brain’ of the business, where key software engineering and development takes place.

It already has 16 systems operating across Europe in Belgium, Germany and the Netherlands, as well as the UK, including one at Suffolk County Council’s archive center in Ipswich.

A spokesman for Connected Energy confirmed it had other deals in the works, but was unable to say whether there would be any in Norfolk.

The £15m comes from five investors – Caterpillar Venture Capital Inc, Hinduja Group, Mercuria, OurCrowd and Volvo Energy.

Joachim Rosenberg, President of Volvo Energy, said: “This forward-looking investment aims to facilitate the scale-up of second-life battery energy storage systems and further secure circular business opportunities for next ramp-up of second-life battery returns from the Volvo Group. .”

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Why financial literacy should be part of the vacation https://gametowne.com/why-financial-literacy-should-be-part-of-the-vacation/ Sat, 18 Jun 2022 13:00:01 +0000 https://gametowne.com/why-financial-literacy-should-be-part-of-the-vacation/ Brock Harrell of Galveston rings a bell during a reenactment to celebrate Juneteenth, which commemorates the end of slavery in Texas, two years after the 1863 Emancipation Proclamation freed slaves elsewhere in the United States , in Galveston, Texas on June 19, 2021. Callaghan O’Hare | Reuters The finance-focused podcast Earn Your Leisure aims to […]]]>

Brock Harrell of Galveston rings a bell during a reenactment to celebrate Juneteenth, which commemorates the end of slavery in Texas, two years after the 1863 Emancipation Proclamation freed slaves elsewhere in the United States , in Galveston, Texas on June 19, 2021.

Callaghan O’Hare | Reuters

The finance-focused podcast Earn Your Leisure aims to normalize open discussions about money, wealth creation and financial freedom on Juneteenth, the holiday that commemorates the end of slavery in America.

“A lot of times we focus on the social impact of slavery and then on racism and discrimination of that nature. Equally important is the economic impact,” said Rashad Bilal of Earn Your Leisure at CNBC. “When you understand that slavery was really a financial system that was set up for free labor. So when you see our ancestors sacrificing their lives and it was done for economic empowerment, it forces you to look your finances,” Bilal said.

Earn Your Leisure has over a million followers and is part of a growing movement of finance-focused social influencers including Kezia Williams, Ian Dunlap aka the Master Investor, Wall Street Trapper, Ross Mac, Philip Michael, WorthLifeBalance and many more.

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Each has a different style and focus, but all agree the data on black wealth is concerning.

According to Dr. William Darity of Duke University, the racial wealth gap – the disparity in assets between black and white Americans – exceeds $11 trillion.

The median wealth of a white family was $188,200 in 2019, compared to $24,100 for black families and $36,100 for Hispanic families, according to the Federal Reserve’s 2019 Survey of Consumer Finances, released in September 2020. A forecast for the median black family sees it dropping to $0 if current trends continue.

“You don’t want to just waste your money. You can actually use that money to change the trajectory of your family. Financial education is something you can use to change the trajectory of your family. Our ancestors didn’t given this opportunity, they were forced to work for free,” Bilal said.

Social media influencer Ian Dunlap says this Juneteenth, there is an urgent need for the black community to understand long-term investing in stocks and the opportunity that can create wealth. “Investing is not difficult,” he told CNBC. “The data is there, the information is there. My research shows that if you hold the S&P 500 index fund or equivalent for 30 years, you have a 0% chance of losing your investment and a 100% chance of being profitable.”

Kezia Williams focuses on black entrepreneurship and how it can help build generational wealth, but she stressed that it takes collaboration and intentional economic decisions to create sustainable black businesses. For the third year, she is encouraging people to shop at black businesses and post their receipts online with the MyBlackReceipt hashtag.

Kezia Williams

Kezia Williams | Black upStart

“We have to intentionally buy from a black business! It should be a practice we do every day,” Williams told CNBC. “The pandemic has created opportunities to reach people in spaces outside of traditional media. There are a lot of female financial influencers teaching, creating wonderful content and it would be great for them to find or build spaces to do hear their voice,” she said. said.

Philip Michael is striving to create 100,000 black millionaires through real estate investing by 2030. “Property is the gateway to wealth,” he told CNBC. The black community needs to look at emerging investment vehicles like its NYCE app that lets investors buy a “fractional share” of a property. “I want to improve the psychology of money specifically for black people. It’s just about breaking down some of these perceived barriers that we have mentally about how we can start investing. It’s not just for rich people. , it’s a necessity,” Michael said. .

The housing market is currently under pressure, with mortgage rates seeing their biggest weekly jump since 1987, and stocks have recently tested investors with the S&P 500 slipping in a bear market and more aggressive assets like tech investments and crypto. -currencies suffering big losses.

Nonetheless, some of the wealthiest investors in the market say bear markets are unique investment opportunities, and these influencers advocate exposure to riskier assets as part of an investment portfolio. In addition to blue-chip tech stocks, Dunlap advises exploring opportunities in Web3 and the Metaverse. Williams advocates for women to enter the cryptocurrency space and become influencers to address the unique challenges female investors face.

For Earn Your Leisure, social media conversation, psychology and likes are great. But they can’t wait to see the actions, decisions and goals of the next generation of investors they’ve helped inspire.

“We wanted to make learning about finance and generational wealth a cool thing, we wanted to make it a mundane conversation. I didn’t grow up with conversations like that at the dinner table. But imagine if we did?” Earn Your Leisure’s Troy Millings told CNBC. “Imagine if at the barbershop we weren’t discussing the best basketball player, but the best companies, what that could do to a neighborhood.”

REGISTER: Money 101 is an 8-week financial freedom learning course, delivered weekly to your inbox. For the Spanish Dinero 101 version, click here.

Disclosure: NBCUniversal and Comcast Ventures are investors in tassels.

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Government-backed Indigenous Growth Fund receives $3 million investment from Block https://gametowne.com/government-backed-indigenous-growth-fund-receives-3-million-investment-from-block/ Thu, 16 Jun 2022 04:01:00 +0000 https://gametowne.com/government-backed-indigenous-growth-fund-receives-3-million-investment-from-block/ A government-backed loan fund for Indigenous entrepreneurs has received its first private sector investment with a $3 million commitment from U.S. fintech Block Inc. SQ-N The Aboriginal Growth Fund, which was launched in the 2019 federal budget and made its first disbursements in March, is managed by the National Aboriginal Capital Corporations Association (NACCA), an […]]]>

A government-backed loan fund for Indigenous entrepreneurs has received its first private sector investment with a $3 million commitment from U.S. fintech Block Inc. SQ-N

The Aboriginal Growth Fund, which was launched in the 2019 federal budget and made its first disbursements in March, is managed by the National Aboriginal Capital Corporations Association (NACCA), an umbrella group of more than 50 vetted lending organizations. by Aboriginal people, known as Aboriginal Financial Institutions or IFAs.

The fund directs capital to AFIs so they can lend to entrepreneurs in their communities. Indigenous entrepreneurs face systemic barriers to lending at other financial institutions, such as on-reserve ownership restrictions that make it more difficult to post collateral for bank loans.

Block’s investment was announced Thursday and is in addition to $150 million in public funds from the federal government, the Business Development Bank of Canada and Farm Credit Canada.

Shannin Metatawabin, chief executive of NACCA, said it was important for the long-term prosperity of the fund and indigenous communities to work with private sector partners.

“The Government of Canada cannot always be relied upon to provide all the capital to the Aboriginal community,” said Mr. Metatawabin. “We need the capital market to participate and we need instruments created that allow them to participate in the way they understand and get interest back.”

Block’s $3 million investment makes it a limited partner of the fund and allows it to redeem the investment over time.

The tech company, which also offers a range of financial products for small businesses through its Square arm, said in a press release that the money came from a US$100 million pledge to direct the money. to underserved groups.

Mr. Metatawabin said the Indigenous Growth Fund is courting more private sector investors by arguing that the fund is a good way to achieve environmental, social and governance (ESG) goals.

“I think Indigenous people are a big part of the S criteria,” he said.

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West Midlands second for foreign investment in financial services https://gametowne.com/west-midlands-second-for-foreign-investment-in-financial-services/ Tue, 14 Jun 2022 05:01:30 +0000 https://gametowne.com/west-midlands-second-for-foreign-investment-in-financial-services/ Ernst and Young’s UK Attractiveness Survey found that 63 projects were attracted to the UK last year, seven more than in 2020. It remains Europe’s most attractive destination for financial services investment and, regionally, the West Midlands has replaced Scotland as the second largest recipient of project finance, securing six – its joint total the […]]]>

Ernst and Young’s UK Attractiveness Survey found that 63 projects were attracted to the UK last year, seven more than in 2020.

It remains Europe’s most attractive destination for financial services investment and, regionally, the West Midlands has replaced Scotland as the second largest recipient of project finance, securing six – its joint total the highest of the decade. London attracted 39.

Global investors say financial services investment in the UK is set to increase further this year, with 69% saying they plan to establish or expand their business in the UK over the next year. next year. This is up from 50% in the June survey last year.

Additionally, 47% said they planned to increase their investments in the UK in the aftermath of the pandemic, up from 6% last year.

Anna Anthony, UK Financial Services Managing Partner at EY, comments: “It is reassuring to see that at a time when global investment appetite and volumes are being heavily impacted by multiple headwinds, and with As FDI in Europe declines, the UK continues to see project growth and remains the continent’s most attractive financial services market.

“Six years on from the EU referendum, we can be confident that Brexit has not harmed the fundamental appeal of the UK, with its long history in financial services and access to top talent. Investors clearly recognize that the UK continues to offer a unique environment for growth, innovation and progress.”

Martina Neary, Head of Financial Services for EY in the Midlands, said: “It is great news that the West Midlands has been the second biggest recipient of international financial projects in the UK in 2021, behind London. This illustrates the fantastic offerings the region has to offer financial services companies looking to establish and grow their businesses, such as excellent transport links and infrastructure.

“Looking ahead, it’s really encouraging that investor sentiment towards the Midlands in general continues to be strong and will hopefully lead to higher levels of investment in the region in the future.”

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Before you start investing, here’s what the experts want you to know https://gametowne.com/before-you-start-investing-heres-what-the-experts-want-you-to-know/ Sun, 12 Jun 2022 13:00:01 +0000 https://gametowne.com/before-you-start-investing-heres-what-the-experts-want-you-to-know/ Photo practice | time | Getty Images If you’re ready to hit the market, there are a few things the experts want you to know. Investing is a great way to grow wealth, but you have to be smart about it, says certified financial planner Cathy Curtis, founder and CEO of Curtis Financial Planning in […]]]>

Photo practice | time | Getty Images

If you’re ready to hit the market, there are a few things the experts want you to know.

Investing is a great way to grow wealth, but you have to be smart about it, says certified financial planner Cathy Curtis, founder and CEO of Curtis Financial Planning in Oakland, Calif.

This means not necessarily following the last hot stock or the last trade.

“A lot of young people have a distorted view of how to invest in the markets,” said Curtis, a member of the CNBC Financial Advisor Council.

Learn more about Investing in You:
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“They invest in IPOs [ initial public offerings]businesses that they find cool,” she added.

“It makes sense for them to buy these things that they see friends and girlfriends using these products, but they don’t necessarily understand if it’s a good investment.”

New investors flooded the market during the pandemic. Some have stacked up under certain names, like meme stocks, or jumped into cryptocurrencies.

While the S&P 500 index ended up up more than 25% in 2021, it’s a different story in 2022, with a decline of around 13% so far for the year. Cryptocurrencies have taken a hit.

That has led to rising skepticism around the markets for younger investors, said financial adviser Mitch Goldberg, president of ClientFirst Strategy in Melville, New York.

“Every generation has to go through this,” he said.

“This generation is no different than what we went through during the technological disaster of 2000,” Goldberg added. “People thought they had it all figured out with the new paradigm.”

Steps to follow

If you have a 401(k) plan, the first thing to do is invest money in it, at least up to the business, Curtis advised.

If that’s not an option, open a Roth Individual Retirement Account. (See income limits here.) The money is paid out after tax, so it grows tax-free and isn’t taxed when you withdraw it. You can also withdraw your contributions at any time, without penalty.

When choosing investments, the best thing to do is to keep it simple. Start by using a diversified fund, like an S&P 500 index fund, Goldberg said. Not only will this help you grow your money in the long run, but it will also help you learn more about the markets.

Remember that history shows that over time the stock market goes up. Since 2009, the S&P 500 has averaged gains of around 15% per year.

Also, set aside money to invest on your paycheck before you start spending, or you’ll be relying on your willpower to do so, Goldberg said.

“If you save and invest the money before spending the rest of your salary, your chances of becoming an investor and accumulating net worth increase dramatically,” he noted.

Finally, don’t dwell on knowing how many you need for retirement at this point, according to Goldberg. It can be overwhelming and prevent you from starting.

“You just have to start small,” he said. “It could be $50, $100 a month or a week just to get used to the idea of ​​having money in another account.”

REGISTER: Money 101 is an 8-week financial freedom learning course, delivered weekly to your inbox. For the Spanish Dinero 101 version, click here.

Disclosure: NBCUniversal and Comcast Ventures are investors in tassels.

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BUSINESS ANALYST / INVESTMENT OFFICER at European Investment Bank https://gametowne.com/business-analyst-investment-officer-at-european-investment-bank/ Fri, 10 Jun 2022 13:34:55 +0000 https://gametowne.com/business-analyst-investment-officer-at-european-investment-bank/ The EIB – European Investment Bank is the European Union’s long-term financing institution. It supports EU development and cooperation policies by financing investments in the public and private sectors. EIB Global is seeking to recruit for its Global Partners Department – Financial Sector Division of its Regional Representation for Southern Africa and Indian Ocean, Pretoria, […]]]>

The EIB – European Investment Bank is the European Union’s long-term financing institution. It supports EU development and cooperation policies by financing investments in the public and private sectors.

EIB Global is seeking to recruit for its Global Partners Department – Financial Sector Division of its Regional Representation for Southern Africa and Indian Ocean, Pretoria, a

BUSINESS ANALYST / INVESTMENT AGENT

  • This is a full-time position related to the Cotonou Mandate
  • The duration of this contract will be 3 years
  • The position is open to nationals of the Republic of South Africa

Employment at the EIB is subject to pre-employment vetting. The appointment of a selected candidate is subject to passing the EIB’s pre-employment exam.

Although operating primarily from Pretoria, the successful candidate must be prepared to travel to South Africa and other countries in the region.

Objective

The EIB is seeking to appoint a Business Analyst/Finance Officer to assist in the delivery of EIB operations in the Southern Africa and Indian Ocean region, who will work with a small committed team of international and national staff. In general, the person will have the opportunity to make a varied, interesting and substantial contribution to the evaluation and development of the EIB’s activity in the region with regard to the financing of private sector projects through EIB financing to financial intermediaries.

The Business Analyst/Investment Officer will report to the Head of Division based in Luxembourg and for administrative and institutional matters he/she will report to the Head of the Pretoria office.

More specifically, he/she is expected to perform the following tasks:

  • Analyze financing proposals in order to develop business with financial intermediaries
  • Interface with financial intermediaries in the detailed evaluation of financing proposals;
  • Contribute to peer due diligence, including financial analysis, KYC and compliance, environmental, social and environmental (ESG) assessment;
  • Monitor the implementation of the project if necessary;
  • Conduct research on financial intermediaries;
  • If necessary, build relationships with key external parties (e.g. financial intermediaries, government officials, local authorities, EU delegations, other institutions, etc.);
  • Participate in meetings with external parties in Southern African countries
  • Represent the EIB at events related to the financial sector in the region.

Qualifications, experience and skills:

  • University degree in finance/economics or a business-related discipline. Additional qualifications such as CA, CFA or CPA will be considered an advantage;
  • At least 3 years of experience in credit analysis, project financing, strategic consulting or auditing;
  • Experience in evaluating proposals to fund financial intermediaries Dynamic individual with excellent interpersonal and business skills;
  • Good communicator;
  • Ability to take initiative and manage multiple activities;
  • Ability to analyze and report quickly and clearly;
  • Work experience in several countries would be desirable;
  • Excellent knowledge of written and spoken English. Fluency in Portuguese will be considered an advantage.

Skills

  • Coaching for Success: Continuously monitors performance, focusing on improving it, demonstrating drive and determination to achieve short and long-term goals.
  • Orientation towards change: adapts to differences and changes in the environment; takes a flexible approach to achieving results.
  • Collaboration: Works cooperatively as part of a team; works collaboratively with peers across organizational boundaries based on genuine interest and an accurate understanding of others and their individual perspectives and concerns.
  • Organizational Commitment: is willing to commit to an organization whose mission is to support Europe and is open to diversity, and to align own behavior with the needs and intrinsic values ​​of the organization, acting with integrity in a manner that promotes the organization’s mission and policies and rules

We are an equal opportunity employer who believes that diversity is good for our employees and our company. As such, we encourage the inclusion of suitably qualified and experienced employees, regardless of gender, age, racial or ethnic origin, religion or belief, sexual orientation/gender identity or disability.

.

By applying for this position, you acknowledge the importance of maintaining the security and integrity of EIB Group information. If selected for the position, you agree to comply with all measures (policies, controls, classification and document management) put in place by the EIB Group to prevent unauthorized disclosure of any information or damage to the reputation of the EIB Group.

Personal data is processed in the context of recruitment in accordance with Regulation (EU) 2018/1725 of 23 October 2018 on the protection of natural persons with regard to the processing of personal data by institutions, bodies, offices and agencies of the Union and on the free movement of such data.

By submitting the application, I agree to the terms and conditions of the Recruitment Privacy Policy

If you are interested in applying, please note that after the application, we will contact candidates by email with the request to submit a cover letter.

Please write in the subject the job title and location.

Deadline for applications: 01/07/2022

  • Desired skills:
  • Financial
  • Analyst
  • business analyst

investment

  • Desired work experience:
  • 5 to 10 years Bank

5 to 10 years Business Analysis

Desired level of qualification:

Related

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Do-It-Yourself Investors: Why Choose a Morgan Stanley Financial Advisor https://gametowne.com/do-it-yourself-investors-why-choose-a-morgan-stanley-financial-advisor/ Wed, 08 Jun 2022 21:38:31 +0000 https://gametowne.com/do-it-yourself-investors-why-choose-a-morgan-stanley-financial-advisor/ Your family turns to you for financial advice, for good reason. You’ve been saving for retirement and reaping the rewards of annual compounding since your first job right out of school. You keep your credit card debt low and keep an eye on interest rates. When it comes to choosing investments, you are educated and […]]]>

Your family turns to you for financial advice, for good reason. You’ve been saving for retirement and reaping the rewards of annual compounding since your first job right out of school. You keep your credit card debt low and keep an eye on interest rates. When it comes to choosing investments, you are educated and like to follow the market.

Then one day you look at all you’ve accomplished on your own and realize that if only life were as simple today as it was when you started investing. Your dreams and goals have grown with your wallet. You may have a business, a family, tuition, future weddings to pay for, not to mention the vacation home you dream of. You don’t want to miss a moment — or risk your retirement savings.

Using all the online resources and tools available to do your own investment research can leave you pressed for time and unsure of making the right investment choices. Is there a smarter way to look at things?

That’s when it hits you — there’s only one person standing up for your financial future: you. Imagine having someone so smart and determined, armed with more experience, the latest market insights, and sophisticated tools to help you achieve your goals?

For starters, we salute your success. Your Morgan Stanley Financial advisor and team will help you build on what you’ve accomplished and help you take action to achieve your goals.

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Bain Capital Raises $2 Billion in Asia’s Largest Special Situations Pool https://gametowne.com/bain-capital-raises-2-billion-in-asias-largest-special-situations-pool/ Tue, 07 Jun 2022 05:42:00 +0000 https://gametowne.com/bain-capital-raises-2-billion-in-asias-largest-special-situations-pool/ Bain Capital LP has raised $2 billion for its second special situations fund, giving it the largest pool of capital focused on complex and structured credit and equity investments in Asia Pacific. The second cash pool is double the size of its first fund and the amount raised exceeded the $1.5 […]]]>


Bain Capital LP has raised $2 billion for its second special situations fund, giving it the largest pool of capital focused on complex and structured credit and equity investments in Asia Pacific.

The second cash pool is double the size of its first fund and the amount raised exceeded the $1.5 billion target, the Boston-based asset manager said. It will also receive $650 million each from separately managed accounts and its India Resurgence Fund, and a one-third contribution from its $4 billion global fund, said Barnaby Lyons, global co-head of special situations, in an interview.

Bain has been accelerating its expansion in Asia since 2015, seeing “pockets of volatility” in which to invest due to the relative immaturity of Asian capital markets, the heavy presence of banks in the region and different stages of economic development, said Lyons.

“There is structurally less competition here than in any other market we operate in because Asia is tough,” he said. “We look for moments of complexity. When there is complexity, we see value.

Global banks reduced their special investment situations after the 2008 financial crisis as the Volcker Rule, part of the Dodd-Frank Act passed in 2010, restricted investments. Current major players in the region include SSG Capital, which focuses on India and Southeast Asia, and Hong Kong-based PAG, which raised $950m in its third Asia loan fund. in 2018. Goldman Sachs Group Inc. is stepping up its hybrid investments in Asia from its $14 billion strategic solutions funds that focus on credit and special situations globally, and KKR & Co. last month has raised its first Asia-dedicated credit fund to $1.1 billion.

“Among the special situation global peers, I think it’s true that no one invests as much as we do in Asia,” Lyons said. “Among the regional peers, there are only three large-scale.”

The company invests more than $1 billion a year in special situations in Asia, which is similar to the pace of its private equity team. It had its busiest year ever in 2021, completing 15 deals and bringing its total investment in the region to over $6 billion in more than 65 deals, he said.

The Special Situation Fund focuses on providing debt and equity solutions to entrepreneurs, asset owners and investment funds with limited access to traditional banks or those reluctant to dilute equity or losing control, while facing difficulties or needing capital to build platforms.

More than two-thirds of its first fund is either senior debt or structured junior equity, which may involve equity investment with credit protection. The rest is equity with a focus on downside protection and the company generally looks at sustainable assets with strong cash flows such as those in the real estate and aviation sectors, long-term leases or distressed equity, Lyons said.

Notable past deals include the takeover of collapsed airline Virgin Australia Holdings Ltd in 2020. In China, the team is betting on infrastructure assets that support technology growth and consumer trend, such as data centers, logistics and life science parks, all are capital-intensive investments, leaving a capital gap that cannot be filled by traditional debt and equity providers, a- he declared.

The firm refrained from offering structured credit in India half a decade ago because the country was awash with liquidity from non-bank financial firms. While a parallel banking crisis followed by the pandemic led to a credit crunch, the team is now more focused on this space, having recently completed three structured credit real estate investments after several struggling deals since 2018. As the country recovering from Covid, the company last month formed a billion dollar real estate venture with Lodha to develop the digital infrastructure space.

Real estate supporting the new digitalized economy and financial services transactions driven by regulatory changes such as lending platforms are among the largest sectors in the first fund. Despite the emergence of more stressed residential real estate opportunities in China, Lyons said he was still “incredibly cautious.”

“We haven’t had any material exposure to residential real estate in China since we started our business here,” Lyons said. “It was deliberate because the system was based on leverage on leverage and there was significant political risk. We are not looking to hit the bottom perfectly and prefer to wait for clear signs of recovery. »

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