Search results for

Sungard's $11.3 billion leveraged buyout has seven private-equity partners plus investment from the existing management team. Is this a recipe for strategic growth or will it lead to corporate confusion?

The creation of financial centres and the opening of banking markets in the Gulf to foreign players are broad themes across the region, which is riding a wave of liquidity. Bank consolidation should be the next consideration. John Hamilton reports.

John H Eley is president and CEO of Hotspot FX, Inc. He is directly involved with developing applications of Hotspot FXi's exchange/ECN-structured marketplace, which provides buy-side traders with centralized price discovery, and fully transparent, executable, neutral, real-time multibank prices. These applications include full depth-of-market view, which enables investors to see all bids and offers in the market; to trade instantly and anonymously on live prices and enter bids and offers to better their execution price; and a suite of real-time and historical multibank market data, which enables institutions to analyze and benchmark their FX trade executions. Scott Freeman is managing director, global head of electronic trading service, GFX, Bank of America and spearheads the firm's foreign exchange electronic trading initiatives. Prior to joining Bank of America in 2004, he was with Citigroup for six years, focusing on business development and new initiatives in e-FX.

Jonathan Laredo (JL) After 21 years, 14 in banking, Jonathan with two partners founded Solent Capital, a hedge fund adviser specializing in fixed income. Jonathan had been head of Structured Finance at JPMorgan in Europe and Asia (credit hybrids, CMBS, ABS and CDOs). Hubert Le Liepvre (HL) is deputy head of SG CIB's Structured Credit Group. He joined SG in 1992, became Managing Director of SG CIB's credit derivatives business in 1999 and in 2002 was promoted to Deputy Head of the Structured Credit Group in London.

www.breakingviews.com

The spat between Morgan Stanley's chief executive and former senior managers benefits no one. It is time for Purcell and the grumpy old men to do what shareholders really want – walk away. But has the row left a leadership vacuum at the top of the firm? Antony Currie reports.

The forced merger of three failed institutions to create Bank Mandiri, now Indonesia's largest bank, also spawned a new domestic securities house. Mandiri Sekuritas is half done in reaching its goals, reckons its management. Chris Leahy reports.

Left for dead after the financial crisis, the Philippine stock market is barely a rounding error on foreign investor's portfolios. But despite the country's economic woes, the market has emerged recently from its long sleep. Whether the recovery is a long-term trend or a brief flutter on an otherwise flat line seems to be up to the government. Chris Leahy reports.

In Washington today, top officials of the EU Commission and the Securities & Exchange Commission (SEC) reached agreement on a roadmap towards equivalence between International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP).

Stuart Gray has been named treasurer of United Industrial, the US defence systems producer.

SG Corporate & Investment Banking (SG CIB) announces the appointment of Philippe de Vulpian as managing director of the Utilities and Chemicals sectors in the M&A team in France. Based in Paris, he will report to Jacques Bitton, head of M&A, France. Philippe, 40 years of age, has spent the majority of his professional career working in M&A. He began his career in 1993 at JP Morgan in Paris in Corporate Finance where he worked in financing and advisory for clients such as Alcatel, Legrand, Lyonnaise des Eaux, Schneider and Thomson.

Siemens Financial Services survey shows finance availability is fuelling technology investment growth in European medium-sized companies Finance availability is boosting technology investment by European medium-sized companies, says the latest output from Siemens Financial Services‚ ongoing research.