Financial Management – Amiya Sahu http://amiyasahu.com/ Fri, 14 Jan 2022 14:08:46 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://amiyasahu.com/wp-content/uploads/2021/06/icon-150x150.png Financial Management – Amiya Sahu http://amiyasahu.com/ 32 32 BlackRock Reaches Record $ 10,000 Billion in Assets Under Management | Financial market news https://amiyasahu.com/blackrock-reaches-record-10000-billion-in-assets-under-management-financial-market-news/ Fri, 14 Jan 2022 13:40:55 +0000 https://amiyasahu.com/blackrock-reaches-record-10000-billion-in-assets-under-management-financial-market-news/ An increase in fourth-quarter flows to BlackRock’s exchange-traded funds helped the company become the first asset manager to cross the $ 10,000 billion mark. Through Silla Brush and Alex WittenbergBloomberg Posted Jan 14, 2022Jan 14, 2022 BlackRock Inc. became the first public asset manager to reach $ 10 trillion in assets, propelled by increased fourth-quarter […]]]>

An increase in fourth-quarter flows to BlackRock’s exchange-traded funds helped the company become the first asset manager to cross the $ 10,000 billion mark.

Through Bloomberg

BlackRock Inc. became the first public asset manager to reach $ 10 trillion in assets, propelled by increased fourth-quarter flows to its exchange-traded funds.

Investors invested $ 104 billion net in ETFs during the quarter ended Dec.31, the company said in a statement on Friday – a record for the company.

Chart showing BlackRock's assets under management reaching record high in 2021

The world’s largest asset manager also benefited from a market rally, with the S&P 500 rising 11% in the last quarter and 27% in 2021. Investors added $ 169 billion net to vehicles from BlackRock’s long-term investment, including ETFs and mutual funds, in the last three months of the year.

“Our business is more diverse than ever,” CEO Larry Fink said in the release. “Active strategies, including alternatives, contributed over 60% of organic base expense growth in 2021.”

The results bolster BlackRock’s position at the top of the industry, with assets under management rebounding from a decline at the end of the third quarter. The profits precede an annual letter Fink, 69, sends to business leaders, setting priorities on everything from diversity on the board to climate change.

Chart showing flows in BlackRock's active funds surging in Q4 2021

Actively managed funds, a style that includes ETFs and mutual funds, had net flows of $ 101 billion. BlackRock now manages $ 2.6 trillion in such assets. The company’s alternative businesses, which include hedge funds, registered $ 5.5 billion in inflows, bringing total assets to $ 265 billion.

Employee compensation and benefits increased $ 218 million from the fourth quarter of 2020, reflecting the company’s decision to increase staff salaries as inflation rose in the United States.

New York-based BlackRock posted adjusted earnings per share of $ 10.42, beating the average estimate of $ 10.15 from analysts polled by Bloomberg. Revenue for the quarter was $ 5.11 billion, missing the average estimate of $ 5.16 billion.

BlackRock lacked revenue due to lower performance fees, according to Kyle Sanders, analyst at Edward Jones. Shares fell 1.6% in early New York trading to $ 854.

(Add analyst comment in last paragraph. An earlier version of this story corrected the ETF record and amount in the title of the first deck.)

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Money management 101 for kids https://amiyasahu.com/money-management-101-for-kids/ Wed, 12 Jan 2022 17:01:24 +0000 https://amiyasahu.com/money-management-101-for-kids/ Society has grown accustomed to seeking instant gratification, and unfortunately South Africans are often referred to as materialistic and in debt. The Covid-19 pandemic has seen many of us learn the hard way when it comes to managing our money, which is why now is also the perfect opportunity to teach our children to do […]]]>



Society has grown accustomed to seeking instant gratification, and unfortunately South Africans are often referred to as materialistic and in debt. The Covid-19 pandemic has seen many of us learn the hard way when it comes to managing our money, which is why now is also the perfect opportunity to teach our children to do it differently. in order to be better prepared for the unexpected. .

Did you know?

According to Christelle Louw, consulting partner at Citadel Wealth, a SARB study found that the average South African spends 70% of their income on debt.

Louw says it’s important to encourage kids to start managing their money early on.

“Parents normally want to provide their children with the perks and perks that they have never enjoyed, and recklessly lean towards material things and spend a lot of money on instant gratification for their children. But, the greatest gift they can give to their children as well as to their own futures are the long term rewards that grow over time.

According to Louw, parents should teach their children the principles of sound financial management, involve them concretely in budgeting and saving, demonstrating the gains made and the solid foundations being built for their future.

Open a savings plan

To get started, consider opening a savings plan to which you, as parents, contribute the same amount that the children save. Seeing the amount increase will encourage children to save more and it will also help them understand what the tangible benefits of this saving will be in the long run.

READ: How a Budget Can Help You Reach Your Savings Goals

To be rich VS to be rich

Children are constantly exposed to materialistic things through social media. This is a great opportunity to counter that, by explaining to them the difference between being rich and being rich.

Being rich can be tied to spending most of the cash, looking for the role, and looking for the limelight. Wealth can be described as the accumulation of assets which is less spectacular and showy on the surface but has solid and reliable results. So teach your kids that long-term stability matters more than flashy social status.

The golden rule when it comes to money

One of the golden rules to teach your children is not to spend what they don’t have. Teach them to plan ahead instead of lending Daddy money. And allow them to reward themselves when they hit their financial goal.

Make your teenager think of money. Image: iStock

Make your teenager think

The words travel, a good education and a fulfilling lifestyle are often appropriate for teenagers. Remind them that with savings, they will be able to travel, enjoy college more, and maybe even buy a car.

“Having options and choices is a very powerful motivator,” Louw says, and having them in these uncertain times has actually become a necessity.

Help your kids budget

As a parent, it is your responsibility to guide your child in financial planning and making wise money choices. They might not need a financial planner yet, but helping them create long-term strategies (not quick fixes) might point them in the right direction. Talk to them about their monthly needs and help them find ways to fund their short and long term goals. This will create a solid foundation for them from which to build a financial strategy.

Remember to teach your children to avoid splurging on temporary pleasures and instead create a proper financial plan that will allow them to reap the long-term benefits.

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Nasdaq index up after sharp drop at noon https://amiyasahu.com/nasdaq-index-up-after-sharp-drop-at-noon/ Mon, 10 Jan 2022 21:30:13 +0000 https://amiyasahu.com/nasdaq-index-up-after-sharp-drop-at-noon/ US stocks soared on Monday, with the technology-focused Nasdaq Composite Index briefly falling into corrective territory as a massive sell-off in Treasuries trickles into global financial markets. The Nasdaq Composite, which includes tech giants like Apple and Google’s parent company Alphabet, fell 2.7% earlier today, taking losses from a record November to 10%. Analysts generally […]]]>

US stocks soared on Monday, with the technology-focused Nasdaq Composite Index briefly falling into corrective territory as a massive sell-off in Treasuries trickles into global financial markets.

The Nasdaq Composite, which includes tech giants like Apple and Google’s parent company Alphabet, fell 2.7% earlier today, taking losses from a record November to 10%. Analysts generally view a 10% drop from a recent high as a correction in the markets.

But a rally late in the New York session helped the index post a negligible gain of less than 0.1% at the close, slightly offsetting a 4.5% decline it recorded last week.

The sell-off was propelled by soaring U.S. government bond yields as investors shed debt in anticipation of tighter Federal Reserve policy.

The yield on the benchmark 10-year Treasury bond has climbed for seven consecutive days to 1.77%, marking its largest increase since the coronavirus pandemic rocked U.S. financial markets in March 2020. It began on March 2020. year around 1.5%.

“These are some of the most aggressive interest rate increases in the past 20 years,” said Solita Marcelli, director of investments for the Americas at UBS Global Wealth Management.

The benchmark S&P 500 stock index ended the day down 0.1%. European markets also fell on Monday, with the Stoxx Europe 600 slipping 1.5%.

The Fed plans to raise interest rates several times this year, from the all-time low reached at the height of the coronavirus crisis almost two years ago. Policymakers have had to take a more aggressive stance to remove the stimulus measures, with consumer prices rising at the fastest annual rate since 1982 and the labor market showing strong signs of recovery.

The change in mood hit stocks of tech companies, which benefited from lockdowns as other industries struggled, and were boosted by low rates that helped investors justify the high and rising valuations of a small group of large companies that thrived during the pandemic.

A closely tracked Goldman Sachs index that tracks shares of loss-making tech companies has fallen more than a tenth since the start of the year.

“As you get more return on cash or bonds, you are less willing to take the risk on volatile and expensive technology stocks,” said Trevor Greetham, Head of Multi-Assets at Royal London Asset Management.

The latest US inflation data is due Wednesday. Economists polled by Refinitiv expect consumer prices in the United States to rise at an annual rate of 7% last month, up from 6.8% in November.

The US unemployment rate fell to a surprisingly low 3.9% in December, according to the Department of Labor’s non-farm wage report last week. This came days after minutes from the last Fed meeting showed central bank officials discussed a rate hike “sooner or at a faster pace” than expected.

Goldman Sachs economists expect the Fed to hike rates four times this year, after keeping them close to zero in March 2020 to a measure that has lowered corporate financing costs and boosted global equities.

“We continue to see increases in March, June and September, and have now added an increase in December for a total of four in 2022,” Goldman’s Jan Hatzius said in a note to clients.

“The weaker labor market slowdown has made Fed officials more sensitive to the risks of upward inflation and less sensitive to the risks of downward growth.”

The dollar index, which measures the US currency against six others, rose 0.2 percent. In cryptocurrencies, the price of bitcoin briefly fell below $ 40,000 on Monday for the first time since September 2021.

Nicholas Megaw Additional Reports

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Government of Canada jobs in the House of Commons are available and some pay more than $ 100,000 https://amiyasahu.com/government-of-canada-jobs-in-the-house-of-commons-are-available-and-some-pay-more-than-100000/ Sat, 08 Jan 2022 22:49:59 +0000 https://amiyasahu.com/government-of-canada-jobs-in-the-house-of-commons-are-available-and-some-pay-more-than-100000/ The company promises a competitive salary and an impressive benefits package, including health benefits and a pension plan. There’s also an employee travel plan that guarantees discounted airline tickets, car rentals, vacation packages and more! While there are currently many openings in Toronto in particular, opportunities are also available in the rest of Canada, including […]]]>

The company promises a competitive salary and an impressive benefits package, including health benefits and a pension plan.

There’s also an employee travel plan that guarantees discounted airline tickets, car rentals, vacation packages and more!

While there are currently many openings in Toronto in particular, opportunities are also available in the rest of Canada, including positions in Calgary, St. John’s and Edmonton.

Here are eight jobs at Air Canada you can apply to right now.

Manager, Client Investigations and Resolutions

Location: Calgary, Alberta

Who should apply: Someone with a college or university degree or equivalent with the ability to work in stressful situations over long periods of time, demonstrate professionalism and integrity, maintain strict confidentiality and manage sensitive information, and organize and prioritize tasks quickly. – rhythmic work environment.

Other requirements include excellent written and verbal communication skills, knowledge or success in case investigation practices, the ability to mentor and develop others, willingness and ability to travel, COVID vaccination -19 and bilingualism in English and French.

The closing date for this position is December 31, 2021.

Apply here

Cabin service and cleaning attendant

Salary: $ 15.20 per hour

Location: Dorval, Quebec

Who should apply: Air Canada is looking for someone who is team player, available for shift work, able to lift heavy objects and able to work under strict deadlines to keep departures on track. time while ensuring that safety comes first.

Having a valid driver’s license is also required, as well as COVID-19 vaccination.

A first experience in concierge is an asset.

If the candidates have equal qualifications, preference will be given to those who are bilingual.

Apply here

Bilingual customer experience specialist

Salary: $ 16 per hour

Location: Edmonton, Alberta

Who Should Apply: Someone who is available for shift work and has previous customer service experience, interpersonal and communication skills, problem-solving skills, the ability to multitask and the ability to work under strict deadlines to keep departures on time while ensuring safety above all else.

Applicants must be bilingual in English and French and be fully vaccinated against COVID-19.

Job posting ends January 20, 2022.

Apply here

Mechanic

Location: Toronto, Ontario

Who Should Apply: Applicants should be able to read and understand schematics for maintenance troubleshooting, proficiency in computers and diagnostic tools, have written and verbal communication, and have knowledge of powertrains, diesel engines and gasoline, propane fuel systems, complex electrical and hydraulic systems, and metal fabrication and welding.

Other qualifications include having a high school diploma; a valid certificate as an automotive service technician, commercial transport mechanic or heavy truck mechanic; a minimum of five years of experience in the trade; and more.

With equal qualifications, preference will be given to bilingual candidates.

The last day to apply for this job is January 6, 2022.

Apply here

Ramp agent

Salary: $ 16.60 per hour

Location: St. John’s, Newfoundland

Who should apply: Air Canada is looking for someone who is available for shift work and irregular hours, capable of lifting heavy objects weighing up to 70 pounds, willing to work in various weather conditions and able to work under strict deadlines to maintain departure schedules while ensuring safety.

A valid driver’s license is also required, as is proof of vaccination.

Preference will be given to bilingual persons if the candidates have the same qualifications.

Apply here

Technical data controller

Salary: Starting at $ 21.81 per hour

Location: Dorval, Quebec

Who should apply: Someone with strong analytical skills, ability to work with data, fluency in Microsoft, ability to change direction due to changing priorities and time constraints, interpersonal skills and communication skills, organizational skills and a willingness to work shifts and extended hours.

Additionally, the job requires the ability to organize and maintain secure aircraft records, perform daily accuracy checks, and make component changes to ensure regulatory requirements are met.

Vaccination against COVID-19 is also mandatory. Preference will be given to bilingual candidates with equal qualifications.

The closing date is January 7, 2022.

Apply here

Concierge

Salary: $ 16 per hour

Location: Toronto, Ontario

Who should apply: Someone who has a solid knowledge of local attractions, events, hotels, restaurants and services; excellent customer service skills; leadership and human relations skills; the ability to work under pressure while multitasking; organizational skills; and impeccable grooming.

Vaccination against COVID-19 is also mandatory.

Knowledge and experience as an airport sales and customer service agent, knowledge of air service information and airport procedures, as well as ticketing experience is considered an asset .

Priority will be given to people fluent in English. It is considered an asset if someone is fluent in English and French as well as Japanese, Korean, Cantonese, Mandarin, Spanish, Italian, German, Arabic, ‘Hebrew, Portuguese or Greek.

Apply here

Customer Relations Representative

Salary: $ 16 per hour

Location: Calgary, Alberta

Who should apply: For this job, Air Canada is looking for someone with a high school diploma or equivalent, customer service experience, interpersonal and teamwork skills, verbal skills and written in English and organizational and decision-making skills.

Applicants must also be fully vaccinated against COVID-19; available to work day, evening and night shifts; and able to adapt to new procedures, policies and new technologies.

With equal qualifications, preference will be given to bilingual candidates.

Apply here


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Center Gray County Administrator to Retire in May 2022 | News, Sports, Jobs https://amiyasahu.com/center-gray-county-administrator-to-retire-in-may-2022-news-sports-jobs/ Fri, 07 Jan 2022 07:32:58 +0000 https://amiyasahu.com/center-gray-county-administrator-to-retire-in-may-2022-news-sports-jobs/ BELLEFONTE – The Central County Council of Commissioners announced the retirement of Margaret Gray as county administrator effective May 2022. Six years ago, the Council of Commissioners launched a research into the nationwide to find someone to take on the crucial role of county administrator. In 2016 Margaret Gray was unanimously appointed County Administrator by […]]]>

BELLEFONTE – The Central County Council of Commissioners announced the retirement of Margaret Gray as county administrator effective May 2022. Six years ago, the Council of Commissioners launched a research into the nationwide to find someone to take on the crucial role of county administrator. In 2016 Margaret Gray was unanimously appointed County Administrator by the Commissioners, bringing to the Central County Government her 30 years of leadership in public administration, extensive experience in organizational and systems development, communications and public relations, human service operations, fiscal management and budgeting, government relations. , and human resources management.

“It has been a privilege to serve Center County and I am indebted to the Council of Commissioners for their support and confidence during my tenure,” Gray said. “Certainly the past few years have been unprecedented challenges and yet much has been accomplished working together on behalf of Center County and its citizens. Center County is fortunate to have elected officials, department heads and employees who are dedicated to delivering high quality services to our community. I look forward to working on a smooth transition in the months to come.

During her five years as County Administrator, Margaret was instrumental in identifying millions of dollars in savings through a variety of initiatives including the transition of the County Government Health Care Plan from Center towards a self-insurance model administered by the Pennsylvania Counties Health Insurance Purchasing Cooperative (PCHIPC), leading the county through a project of guaranteed energy savings in all government-owned buildings in the county and refinancing the bonds through to a strategic partnership with Public Financial Management (PFM).

“Margaret has been an incredible county administrator”, said Chairman of the Council of Commissioners Michael Pipe. “It has been an honor to serve by his side over the past five years. She has provided invaluable service to the residents of Center County in countless ways. The Council’s accomplishments were only possible because of Margaret’s guidance, implementation, focus and dedication. Center County is indebted to him for his time, talents and tenacity. On behalf of the Council of Commissioners, I humbly thank Margaret for her service.

In addition, Margaret has led major construction and renovation projects including the access, expansion and security upgrade of the historic Bellefonte County Courthouse and the new first responder training building. at the Spring Township County Public Safety Training Center. Other notable and impactful accomplishments include:

– Oversee five budgets without increasing property taxes while maintaining and improving services;

– Recommend the creation and oversee the integration of a post of Chief Information Officer, which has significantly increased the cybersecurity and IT awareness of the county government;

– Establish internal systems to better manage communications, policies, purchasing, contracts, administrative and security related procedures across county operations.

In the last two years of Margaret’s tenure as county administrator, the COVID-19 pandemic has caused enormous disruption to the county government. Margaret worked with commissioners, other elected officials and department heads to ensure that services never stop. The Central County government has been able to pivot and respond to the unprecedented challenges facing our workforce. Margaret’s financial acumen was instrumental in allocating and disbursing $ 14,700,000 of federal CARES Act funds in less than six months in 2020 and also in planning the spending of a US $ 15 million allocation. Rescue Plan Act in 2021.

Other programs that Margaret was instrumental in guiding through implementation and execution that are progressing now that will improve county government for years and decades to come include: renovations to the old Center Crest building , a compensation and classification study for all county government employees, a broadband accessibility plan, an affordable and sustainable housing study, and a Department of Health study.

Margaret joined the Central County Government with extensive experience in public administration at the local and state levels. Prior to taking on the role of County Administrator, Margaret was Director of Local Government Relations and Community Relations at Penn State University. Prior to moving to Center County, she served as Area Director for the Commonwealth of Massachusetts Developmental Services Department and held state budgeting positions with the Commonwealth of Pennsylvania Superior Court and the Office of the budget of the governor of the state of New Jersey.

A search process for his replacement will begin in the coming days.

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KGI aims to be the leading regional player https://amiyasahu.com/kgi-aims-to-be-the-leading-regional-player/ Mon, 03 Jan 2022 16:00:00 +0000 https://amiyasahu.com/kgi-aims-to-be-the-leading-regional-player/ In a context of flourishing growth and increasing competition in the wealth management industry, KGI Securities Ltd (凱基 證券) strives to be the preferred financial companion for clients in Taiwan and the Asia-Pacific region in their providing high-end solutions. KGI Securities chairman William Fang (方維昌) said the company has expanded its network in the region […]]]>

In a context of flourishing growth and increasing competition in the wealth management industry, KGI Securities Ltd (凱基 證券) strives to be the preferred financial companion for clients in Taiwan and the Asia-Pacific region in their providing high-end solutions.

KGI Securities chairman William Fang (方維昌) said the company has expanded its network in the region over several years, having established offices in markets such as Taiwan, Hong Kong, Indonesia, Singapore and Thailand. with a team of more than 80 analysts.

KGI Securities is committed to leveraging its strengths as a regional platform, serving client needs with versatile and comprehensive wealth management products and professional services.

Photo courtesy of KGI Securities Ltd

KGI Securities Hong Kong Ltd (凱基 證券 香港) announced yesterday the appointment of Kevin Tai (戴 耀 權) to the head of international wealth management.

Drawing on his extensive experience in international finance, Tai should lead the consolidation of wealth management operations in market segments such as Hong Kong, Indonesia and Singapore, while leading the development of relevant platforms and services, and integrating and developing operations in Asia-Pacific. region outside of Taiwan.

Tai’s appointment signifies the company’s mission to provide world-class brokerage and wealth management products and services, guided by digital improvement, customer-centric and growth-driving strategies.

KGI Hong Kong CEO Reddy Wong (黃浩泉) said that as Asia’s financial hub, Hong Kong is known for having service providers that deliver highly refined and customizable financial services.

The appointment of Tai, who has more than three decades of experience at global institutions such as Everbright Sun Hung Kai Co (光大 新鴻基 證券), CLSA Ltd and JP Morgan Securities LLC, marks a major step for KGI Securities towards achieving its strategic objectives.

KGI Securities Hong Kong’s wealth management segment will focus on expanding its team of financial advisers, integrating its existing brokerage and wealth management operations into a single platform through digital initiatives , and the launch of personalized investment products through cross-industry collaborations to provide clients with tailored financial advice and solutions.

While improving the segmented management of its clients, KGI Securities is to provide its high net worth clients with exclusive and personalized investment products and services through a financial advisory approach, including tailored domestic and foreign structured products, funds of private equity encompassing several asset classes and insurance plans designed for inheritance.

As with its regular clients, KGI Securities must promote financial inclusion by combining the use of data and strategic alliances to develop more differentiated products that meet the investment needs of the general public.

In response to the increasing diversification and complexity of client needs, the company plans to continue to expand its financial services team by recruiting seasoned advisors and cross-industry experts, and supporting them with comprehensive professional training to provide clients holistic asset management solutions, from asset allocation to estate and tax advice.

This year, KGI Securities will launch its analyst support service exclusively for high net worth clients, enabling them to receive important market information and access the benefits of a service typically offered to corporate clients.

Thanks to its client-focused strategies and the constant improvement of its client experience, KGI Securities won several accolades over the past year, including those for best wealth management broker, best sales team, best appreciation of wealth, Smart Financial Management Award and Client’s Choice Award.

The company aims to serve its diverse clients on a deeper level and differentiate its financial offerings to enable high net worth and regular clients to take advantage of the cutting edge services of KGI Securities.

Comments will be moderated. Keep comments relevant to the article. Comments containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. The final decision will be at the discretion of the Taipei Times.


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Bonds go from green to social impact https://amiyasahu.com/bonds-go-from-green-to-social-impact/ Sat, 01 Jan 2022 20:03:35 +0000 https://amiyasahu.com/bonds-go-from-green-to-social-impact/ Australia can seize the wave of demand for social impact finance, not just green assets, bankers say. Companies increasingly recognize that in order to access a large pool of global capital, a business must be operated in a sustainable manner. Green Debt has been negotiated for over a decade to finance assets with less environmental […]]]>

Australia can seize the wave of demand for social impact finance, not just green assets, bankers say.

Companies increasingly recognize that in order to access a large pool of global capital, a business must be operated in a sustainable manner.

Green Debt has been negotiated for over a decade to finance assets with less environmental impact, but has evolved rapidly over the past year to include Indigenous and other social projects.

Businesses can use new forms of debt to meet net zero emissions goals or get a rebate to meet health and safety, diversity, human rights, or well-being goals.

Charles Davis, managing director for sustainable finance at Commonwealth Bank, told AAP that more and more clients want to link their sustainability strategies to finance.

“While green finance continues to be the dominant form of sustainable debt, sustainability-related loans and bonds have grown significantly over the past year,” he said.

Whether an organization is focused on reducing carbon emissions, increasing the diversity of its workforce, or supporting communities, sustainability loans and bonds can play a key role in helping them. to achieve their goals. “

He predicts that demand will only accelerate in 2022.

Banks develop products to meet demand as shareholders and customers scrutinize how businesses operate.

A green bond could be used for a “green” asset, such as a solar farm or buildings designed to reduce energy and water consumption.

A sustainable loan is intended for a business or a set of assets that have an element of environmental and social governance (ESG).

Social projects target improvements for a specific population or a particular problem such as education, affordable housing, food security or better health.

A sustainability loan can be used for any business or organization operation, rather than for a specific asset.

Assessed against the sustainable development strategy and goals, e.g. having a certain percentage of indigenous workers on a set date, the client gets a discount if they meet the goal or pay a bonus if they fail .

There are also so-called green, social and sustainable instruments that do not require the borrower to commit to goals, although they must have a framework of something they are trying to achieve.

Globally, sustainable debt issuance jumped to US $ 3.2 trillion (AU $ 4.5 trillion) in the first half of 2021 as demand grows exponential.

It took 12 years for the first $ 1 trillion, another year to reach $ 2 trillion and just six months to reach $ 3 trillion, according to Bloomberg data.

The sale of Victorian Government Green Bonds in July raised $ 300 million from insurers, fund managers and investors with specific green or socially responsible investing mandates.

LED traffic lights, mini hydropower plants, low carbon buildings and a new renewable power plant will receive a share of the proceeds.

The Queensland Treasury Green Bonds support the Gold Coast light rail, cycle lanes, South East Queensland city rail network, electric tilt train rolling stock and solar projects.

Western Australia’s Prime Minister and Treasurer Mark McGowan released his state’s first ESG briefing in November to attract global investors.

He plans to sell bonds to fund programs to prevent biodiversity loss, find cleaner fuel sources and close the gap on indigenous disadvantage.

But similar sovereign bonds are not likely, despite a growing global appetite.

The federal debt manager, the Australian Office of Financial Management (AOFM), has no plans to issue new lines of Commonwealth bonds.

Treasurer Josh Frydenberg said the private sector is best positioned to assess and manage the risks it faces.


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An impromptu evening to remember https://amiyasahu.com/an-impromptu-evening-to-remember/ Fri, 31 Dec 2021 05:00:07 +0000 https://amiyasahu.com/an-impromptu-evening-to-remember/ No one has ever really acknowledged how, in the summer of 2015, Elliot Imani Griffin and Matthew Armand Stitt found themselves on an impromptu date after the bi-weekly Flow fundraiser, an event for young black professionals in Philadelphia. . “I don’t know how much engineering has taken place,” Ms. Griffin said. Mr Stitt, who had […]]]>

No one has ever really acknowledged how, in the summer of 2015, Elliot Imani Griffin and Matthew Armand Stitt found themselves on an impromptu date after the bi-weekly Flow fundraiser, an event for young black professionals in Philadelphia. .

“I don’t know how much engineering has taken place,” Ms. Griffin said.

Mr Stitt, who had walked with Ms Griffin to Byblos, a restaurant and hookah bar, after the fundraiser, said: “I thought we were all going to have dinner with a group as usual. It ends up being me and Elliot.

The two were introduced by a mutual friend in 2013, the same year Ms. Griffin, now 31, tiptoed into Philadelphia politics as an observer at meetings of the council, which she attended while working for a local crisis communications and advocacy company.

While at town hall, Ms Griffin had also observed the constant activity around Mr Stitt, 34, then deputy chief financial officer on city council.

“People are literally pulling it in every direction,” said Ms. Griffin, who is now an employment and employment lawyer at the Ballard Spahr law firm in Philadelphia. She graduated with honors from Temple University, where she also earned a law degree.

Mr Stitt, who was in a relationship at the time, said that in 2014, after Ms Griffin started working for a board member, their friendship grew. “The young staff members would stand together,” he said.

“Elliot became a member of this larger circle of mutual friends,” added Mr. Stitt, who then rose through the ranks to become the chief financial officer of city council, and is now director of the management consulting practice and budget at PFM, a public money management firm in Philadelphia, where is also director of the firm’s Center for Budget Equity and Innovation.

A graduate of Haverford College, Mr. Stitt received an MPA from the University of Pennsylvania, where he is now a Distinguished Fellow in Racial Equity and Social Justice. He also holds an Executive MBA from Temple University.

By the time of their impromptu date, Mr Stitt was no longer in a relationship and he and Ms Griffin had become friends close enough that “the number swap has already taken place,” she said.

That night, “it started to feel like a date, not work,” said Griffin, who added that the two later danced until the early hours of the morning at a nearby club.

Their first scheduled date, at an Italian restaurant, soon followed, and the couple had their first kiss that night as they left the restaurant.

They bonded through their deeply rooted community activism – her maternal grandmother was a committee member in Philadelphia, while hers was a former ward head in Dayton, Ohio (Ms. Griffin is a ninth generation Daytonian). “It kind of became our fabric early in our relationship,” she said.

At the end of September 2015, when Philadelphia closed its doors for the visit of Pope Francis, Mr. Stitt suggested that they take a “pope-cation”. They went to Ocean City, Maryland, and Baltimore, where he met his cousin.

The following year, she moved into her apartment in the Old City neighborhood of Philadelphia; soon after, they moved together to the downtown district. In 2018, just before Christmas, he proposed as snow began to fall on a cobbled street in the Old Town. The couple bought a townhouse in the city’s Fairmount neighborhood a year later.

Mr Stitt and Ms Griffin had planned to tie the knot in February 2021, at the Pennsylvania Academy of Fine Arts in Philadelphia, but pushed back the date in the face of the pandemic.

On December 18, they were married at the academy in a ceremony led by James E. Washington, a Christian Methodist pastor, in front of 100 members of their immediate family. A party followed with 170 guests, all vaccinated or having presented negative Covid tests.

When planning the day, the couple prioritized black vendors and worked with a black wedding planner, Donielle Warren of Elegant Events Planning & Design in Philadelphia, who incorporated the tradition of jumping the broom into theirs. ceremony.

The bride and groom both agreed that the celebration included “the best of family, friends and our political friends who have become family.”


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Adherence to scientific innovation and compliance, AMCAP launches double-balanced indicators of technological development and financial activities https://amiyasahu.com/adherence-to-scientific-innovation-and-compliance-amcap-launches-double-balanced-indicators-of-technological-development-and-financial-activities/ Wed, 29 Dec 2021 12:48:00 +0000 https://amiyasahu.com/adherence-to-scientific-innovation-and-compliance-amcap-launches-double-balanced-indicators-of-technological-development-and-financial-activities/ New York, New York – (Newsfile Corp. – December 29, 2021) – Recently, AMCAP Group, a well-known financial services brand, announced that it will always adhere to scientific innovation and legal compliance, and has published the double-balanced technology development and financial affairs index data, which is summarized from the Group’s years of research in the […]]]>

New York, New York – (Newsfile Corp. – December 29, 2021) – Recently, AMCAP Group, a well-known financial services brand, announced that it will always adhere to scientific innovation and legal compliance, and has published the double-balanced technology development and financial affairs index data, which is summarized from the Group’s years of research in the asset management industry.

Louis Fisk, Market Analyst at AMCAP Group, said: The application and development of technologies such as big data and artificial intelligence have changed people’s lives and improved the efficiency of financial services. The application of big data and artificial intelligence to make risk control decisions more accurate and efficient has become an important area of ​​research in technology-based finance.

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In technology, finance, and financial transactions industry, users are sensitive to transaction risks. An effective risk control system can become the key to the survival of any financial transaction application platform. In the context of perfect supervision and the end of the transition period for asset management, the mature risk control system of international asset management institutions is undoubtedly a good service benchmark for the organization. company in China. After years of competition in the industry and improvement of the service system, a number of foreign asset management companies represented by the AMCAP group have emerged. They not only actively adopt supervision, but also gradually explore a suitable risk control system for the development of their own platform, thus becoming a model in the industry.

Nowadays, signs such as inflation and devaluation of assets are frequently seen in many countries. Relatively speaking, China is relatively stable, and people’s awareness of financial management is also actively improving. On December 22, 2021, the AMCAP Group successfully hosted a Global Summit of Asset Allocation Decision Makers in China, officially ushering in a new era of innovation. During the meeting, the management of AMCAP group objectively analyzed and explained the revolutionary upgrade brought by technology to the wealth management industry and the changes in user behavior patterns.

The AMCAP Group stresses that within the regulatory framework, an appropriate innovation can promote financial development, fully play the role of finance in the allocation of resources and better serve the real economy and customers for wealth management transactions. in line. In addition, paying attention to the combination of innovation and risk control is the proper meaning of financial innovation on the Internet, and is also the development requirement and the difficult operating index of AMCAP group.

Once the credit system is lacking and the platform’s risk control capacity is not strong, it will become the key to restrict the development of the industry. The AMCAP group believes that this is also a key factor in ensuring that small, non-performing institutions are exposed in the industry. In such a context, intelligent risk control, which comprehensively applies financial technologies such as big data, artificial intelligence and cloud computing to the risk control link, has become the main driver of development for every institution. It increased its investments in the field of intelligent risk control and formed a risk control system adapted to the development of its own platform.

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Going forward, the activities of the AMCAP Group will continue to seize the opportunities of the times and effectively integrate the innovative functionalities of advanced technology, smart technology and digital finance. It will work with all of its members to seek win-win cooperation, serve its feet well and strive to become one of the world’s top 500 companies.

Thanks to its unique risk control model and its credit assessment system, the AMCAP group performs multidimensional and three-dimensional audits and pre-judgments, uses a big data analysis system and more efficient scientific and technological means. to monitor assets throughout the process and provide financial support. services for groups who need wealth management and diversified online financial transactions to effectively resist risk. What deserves attention is the traditional control of financial risks, which places more emphasis on security. However, the AMCAP group’s trade assurance system can balance “safety, income and efficiency”.

Quality wealth management to increase client demand is fundamental for the long-term development of the asset management industry. In this regard, the AMCAP Group is also making continuous efforts. It is understood that on the asset side, the AMCAP Group is committed to superior quality financial products in various fields of activity. At the same time, AMCAP group adopted intelligent online transaction model to achieve standardized risk control, and assessed the company objectively and comprehensively using four risk control models, namely financial indicators, operational indicators, risk control indicators and product history, in order to ensure quality service at source.

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Innovation is not equal to risk. In the age of smart finance, AMCAP Group will strive to balance innovation with risk control, take innovation as a driver, and strive to create a smart compliance operating system and standardized. Through the innovative application of high and new technologies, it can realize comprehensive risk management, reduce cost and improve efficiency. As the industry leader of international capital management in the Chinese market, AMCAP Group will continue to adhere to the legislation and compliance, promote the matching and matching of the international management business of capital with the Chinese market, to develop in depth, to better serve and protect the financial management needs of users.

Media contact
Company name: AMCAP
Contact: Jayden
Email: info@amcapp.com
Website: www.amcapp.cc

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108618


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Morgan Stanley to frame a new portrait at the helm https://amiyasahu.com/morgan-stanley-to-frame-a-new-portrait-at-the-helm/ Mon, 27 Dec 2021 16:54:00 +0000 https://amiyasahu.com/morgan-stanley-to-frame-a-new-portrait-at-the-helm/ Morgan Stanley CEO James Gorman (left) takes part in an interview with Economic Club of Washington president David Rubenstein in Washington on September 18, 2013. REUTERS / Yuri Gripas Register now for FREE and unlimited access to Reuters.com Register now NEW YORK, Dec. 27 (Reuters Breakingviews) – When is the right time for a Wall […]]]>

Morgan Stanley CEO James Gorman (left) takes part in an interview with Economic Club of Washington president David Rubenstein in Washington on September 18, 2013. REUTERS / Yuri Gripas

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NEW YORK, Dec. 27 (Reuters Breakingviews) – When is the right time for a Wall Street titan to leave? Probably when the company’s fortunes are high and with a ready-to-cook successor. By this logic, James Gorman of Morgan Stanley (MS.N) will be the first of the longtime bank chiefs to go.

The Australian who has run the New York bank since 2010 has performed better than most of his rivals. Every dollar invested in Morgan Stanley then is worth more than $ 4 today, including dividends. That’s less than JPMorgan (JPM.N), but beats Goldman Sachs (GS.N), Citigroup (CN), Wells Fargo or Bank of America (BAC.N). Gorman’s peers are all new to it, like Citi’s Jane Fraser, or plan to stay, like BofA’s Brian Moynihan or JPMorgan’s Jamie Dimon.

Gorman has also gambled on wealth management while his peers have focused elsewhere, acquiring brokerage firm E * Trade Financial and asset manager Eaton Vance for $ 20 billion during the pandemic. Unlike banks with large loan companies, Morgan Stanley didn’t worry about defaults on consumer loans.

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Leaving when he’s early would be another way for the former McKinsey consultant to pull away from the pack – except that it’s not clear who will replace him. Gorman assigned new roles to four potential successors in May, all longtime senior lieutenants. Only wealth management boss Andy Saperstein and head of corporate securities Ted Pick, however, led Morgan Stanley’s main profit drivers, suggesting a two-horse race.

Since Morgan Stanley’s future lies in wealth – Gorman has said he wants to grow his clients’ assets to $ 10,000 billion, down from just over $ 6 trillion – Saperstein may seem like a good shot. Wealth could represent two-thirds of income if Gorman reaches his goal.

Pick has an advantage in other respects. He arranged the stock market after the crisis. The market branch he oversees has seen its share of the five major trading houses’ revenue drop from 13% to 18% over the past decade. While it wasn’t smooth – like hedge fund Archegos’ $ 1 billion in business losses in 2021 – Pick was also the highest-paid executive after Gorman according to an April filing, reflecting the fact that his division carries more risk than others.

One catch: Pick has never executed a brokerage before. Then again, Gorman will likely copy his predecessor, John Mack, and remain president for some time. It’s probably time for another reshuffle by then to fill in some gaps in his successor’s resume.

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(This is a Breakingviews prediction for 2022. To see more of our predictions, click .)

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Editing by Rob Cox and Amanda Gomez

Reuters Breakingviews is the world’s leading source for financial information on agenda making. As the Reuters brand for financial commentary, we dissect the big companies and economic stories from around the world every day. A global team of around 30 correspondents in New York, London, Hong Kong and other major cities provide real-time expert analysis.

Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.



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