Intelliflo RedBlack has been honored as WealthTech Provider of the Year at the InvestmentNews Awards, recognizing standout achievements in the industry. The awards ceremony took place on June 20 in New York City. Intelliflo RedBlack earned this accolade due to…
Macquarie Asset Management to Sell Stake in Hydro Dolomiti Energia to Consortium Macquarie Asset Management has entered into an agreement to divest Macquarie European Infrastructure Fund 4’s 40% stake in Hydro Dolomiti Energia (HDE) to a consortium composed of Equitix…
Citi Securities Services Expands ETF Mandate with Nuveen, Onboards $9 Billion in Assets Citi Securities Services has secured a significant mandate from Nuveen Asset Management, adding 23 new ETFs totaling approximately US$9 billion in assets across North America. This portfolio…
MFS Investment Management® (MFS®) has announced the income distribution sources for five of its closed-end funds for June 2024: MFS® Charter Income Trust (NYSE: MCR), MFS® Government Markets Income Trust (NYSE: MGF), MFS® Intermediate High-Income Fund (NYSE: CIF), MFS® Intermediate…
Generational Group, a leading full-service business advisory firm for middle-market, privately held businesses, is pleased to announce that it has won several honors at the 2024 6th Annual USA Middle Market M&A Atlas Awards. “This was the strongest field of…
AM Best Reaffirms ERIKA Försäkringsaktiebolag’s Credit Ratings with Stable Outlook AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for ERIKA Försäkringsaktiebolag (publ) (Erika), based in Sweden. The stable…
ICBC has invested $1 million into B.C.’s Automated Licence Plate Recognition (ALPR) program to assist police in removing uninsured drivers from the roads. This technology enables police to scan up to 3,000 license plates per hour, efficiently identifying drivers without…
JPMorgan Chase has unveiled an $8.45 million philanthropic commitment to support nonprofit organizations and programs throughout Baltimore. This funding aims to bolster economic and community development, specifically addressing residential vacancies to stabilize housing supply and promote affordable homeownership, revitalizing commercial…
KBRA has assigned a long-term rating of A with a Stable Outlook to the City of Detroit Downtown Development Authority Tax Increment Revenue Refunding Bonds, Series 2024 (Catalyst Development Project). Concurrently, KBRA has placed the outstanding long-term rating assigned to…
Three leading financial market infrastructures (FMIs) — DTCC, Clearstream, and Euroclear — along with Boston Consulting Group (BCG), have unveiled a blueprint aimed at establishing a robust industry-wide digital asset ecosystem. This initiative seeks to drive the adoption of tokenised…
Comvest Partners, a prominent middle-market private equity and credit investment firm, has announced that its direct lending platform, Comvest Credit Partners, acted as Administrative Agent on a senior secured credit facility for Senior Support Holdings (Franchise) Acquisition, Inc., known as…
Banc of California, a subsidiary of Banc of California Inc. (NYSE: BANC), has introduced Build@Banc, a specialized service aimed at offering tailored banking solutions to seed and early-stage innovative startups. This initiative includes personalized guidance from the Build@Banc team to…
