DOCSLIB.ORG

2019 Iif Annual Membership Meeting

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

2019 IIF ANNUAL MEMBERSHIP MEETING DAY 1 Debt, Data, Defense of Markets and the Rise of the Intangible Economy WEDNESDAY, OCTOBER 16 Ronald Reagan Building and International Trade Center, Washington, D.C. Preliminary Agenda – Subject to Change ATRIUM BALLROOM B FRONTIER MARKETS: GROWING IN A VOLATILE WORLD 3:20 PM – 3:45 PM KEYNOTE SPEECH Host: Sergi Lanau + Reza Baqir, Governor, State Bank of Pakistan Deputy Chief Economist, IIF 3:45 PM – 4:30 PM AFRICA RISING 12:30 PM – 1:30 PM REGISTRATION & REFRESHMENTS + Henri Fouda, Portfolio Manager, Asset Allocation, Wellington Management Company, LLP 1:30 PM – 1:35 PM WELCOME REMARKS + Razia Khan, Chief Economist, Africa and Middle East, + Sergi Lanau, Deputy Chief Economist, IIF Standard Chartered Bank + Amine Mati, Senior Resident Representative and Mission 1:35 PM – 2:15 PM THE CENTRAL AMERICA CHALLENGE Chief for Nigeria, IMF + Jean-Dominique Bütikofer, Head of Emerging Markets, + Elina Ribakova, Deputy Chief Economist, IIF (Moderator) Voya Investment Management + Charles Robertson, Global Chief Economist, Head of + Patrick Campbell, Portfolio Manager, Eaton Vance Macro-Strategy, Renaissance Capital Management + Alina Carare, Deputy Division Chief, Central America 4:30 PM – 5:15 PM OIL EXPORTERS IN THE AGE OF SHALE Division, IMF + Garbis Iradian, Chief Economist MENA, IIF (Moderator) + Marcelo Carvalho, Head of Global Emerging Markets + Adnan Mazarei, Senior Non-Resident Fellow, Peterson Research, BNP Paribas Institute for International Economics + Martín Castellano, Head of LatAm Research, IIF + Francisco Monaldi, Fellow in Latin American Energy Policy, (Moderator) Baker Institute for Public Policy, Rice University + Juan Pablo Espinosa, Chief Economist and Head of + Alia Moubayed, Managing Director, EMEA Fixed Income Economic Research Division, Bancolombia Economics and Strategy, Jefferies International + Radwan Shaban, Chief Economist, Arab Bank Plc 2:15 PM – 2:40 PM KEYNOTE SPEECH + Alejandro Grisanti, Director, Ad-Hoc Administrative Board 5:15 PM – 5:40 PM KEYNOTE SPEECH of PDVSA; Presidential Advisor for Debt Restructuring + Tarek Amer, Governor, Central Bank of Egypt 2:40 PM – 3:20 PM SUPPLY CHAINS IN ASIA 5:40 PM – 6:05 PM KEYNOTE SPEECH + Andreas Billmeier, Economist, Western Asset Management + Rodrigo Cubero Brealey, President, Banco Central de Costa Company Rica + Prakash Kannan, Chief Economist, Head Total Portfolio Management, GIC + Ho Ee Khor, Chief Economist, ASEAN+3 Macroeconomic Research Office + Trinh Nguyen, Senior Economist, Emerging Asia, Natixis 5:30 PM – 6:30 PM “CHANGE PAYS” NETWORKING RECEPTION (ATRIUM HUB) + Reza Siregar, Head of ASEAN and India Research, IIF (Sponsored by S&P Global) (Moderator) INVITATION ONLY (LIMITED SEATING) 9:00 AM – 11:00 AM THE FUTURE ROLE OF THE DOLLAR 12:00 PM – 2:00 PM 2019 FALL CHINA ROUNDTABLE 2:30 PM – 5:00 PM DIGITAL IDENTITY ROUNDTABLE REGISTER NOW 3:30 PM – 5:30 PM INVESTING IN WOMEN: THE ROAD TO GENDER DIVERSITY 2019 IIF ANNUAL MEMBERSHIP MEETING DAY 2 Debt, Data, Defense of Markets and the Rise of the Intangible Economy THURSDAY, OCTOBER 17 Ronald Reagan Building and International Trade Center, Washington, D.C. ATRIUM BALLROOM A ATRIUM BALLROOM B Host: Dylan Riddle THE GLOBAL ECONOMY AND EM Director, Corporate Communications, IIF Host: Elina Ribakova Deputy Chief Economist, IIF 7:00 AM – 8:25 AM REGISTRATION & REFRESHMENTS 7:00 AM – 8:00 AM REGISTRATION & REFRESHMENTS 8:25 AM – 8:30 AM WELCOME REMARKS + Dylan Riddle, Director, Corporate Communications, IIF 8:00 AM – 8:05 AM WELCOME REMARKS + Elina Ribakova, Deputy Chief Economist, IIF 8:30 AM – 9:00 AM FINDING THE RIGHT POLICY FRAMEWORK FOR SUSTAINABLE 8:05 AM – 8:30 AM KEYNOTE SPEECH FINANCE: VIEWS FROM THE U.S. AND E.U. + Turki Almutairi, Deputy Governor, Research and International Affairs, + Frank Elderson, Chairman, Central Banks and Supervisors Network Saudi Arabian Monetary Authority For Greening The Financial System (NGFS) + Hester Peirce, Commissioner, U.S. Securities and Exchange 8:30 AM – 9:15 AM GLOBAL OUTLOOK AND MONETARY POLICY Commission + Robin Brooks, Managing Director and Chief Economist, IIF + Gillian Tett, Chair Editorial Board and Editor-At-Large, US, Financial (Moderator) Times (Moderator) + Paul Gruenwald, Chief Economist, S&P Global Ratings + Heather Hagerty, Research Analyst, Fidelity Investments 9:00 AM – 10:00 AM IMPACT INVESTING: NOT JUST FOR MILLENNIALS + Catherine Mann, Managing Director and Global Chief + Mark Haefele, Chief Investment Officer Global Wealth Management, Economist, Citi UBS AG + Brian Sack, Director, Global Economics, D.E. Shaw Group + Marjo Koivisto, Co-Head, Responsible Investments, Nordea Asset Management 9:15 AM – 10:00 AM EMERGING MARKETS IN FOCUS + Rakhi Kumar, Senior Managing Director, Head of ESG Investments + Mauro Alessandro, Head of Economic Research, Central Bank of and Asset Stewardship, State Street Global Advisors Argentina + Kyung-Ah Park, Managing Director and Head of Environmental + Arif Amiri, Chief Executive Officer, Dubai International Financial Markets and Innovation, Sustainable Finance Group, Goldman Sachs Centre Authority & Co. + Uğur Küçük, Deputy Governor, Central Bank of the Republic of + Gillian Tett, Chair Editorial Board and Editor-At-Large, US, Financial Turkey Times (Moderator) + Chris Loewald, Head of Economic Research, South African Reserve + Glen Yelton, Head of Responsible Investment, Americas, Invesco Bank Global Asset Management + Elina Ribakova, Deputy Chief Economist, IIF (Moderator) + Dody Budi Waluyo, Deputy Governor, Bank Indonesia 10:00 AM – 11:00 AM STRENGTHENING CYBER RESILIENCE + Lori Bailey, Global Head of Cyber Risk; Commercial Insurance, Zurich 10:00 AM – 10:45 AM CAN CHINA GROW? Insurance Group + Donald Hanna, Senior Managing Director and Group Chief + Martin Boer, Director, Regulatory Affairs, IIF (Moderator) Economist, CIMB Bank + John Boles, Principal, Cyber Security, PwC + Kenneth Kang, Deputy Director, Asia & Pacific Department, IMF + Ann Lavis, Senior Vice President and U.S. Head of Information and + Gene Ma, Head of China Research, IIF (Moderator) Cyber Security Risk, HSBC Holdings Plc + Jürgen Michels, Managing Director, Chief Economist and Head of + Arthur Lindo, Deputy Director, Division of Supervision and Research, BayernLB Regulation, Board of Governors of the Federal Reserve System + Wei Yao, Chief Economist, Asia Pacific and China, Société Générale + Merlina Manocaran, Partner, McKinsey & Company + Sally Yim, Associate Managing Director, Moody's Investors Service REGISTER NOW 2019 IIF ANNUAL MEMBERSHIP MEETING DAY 2 Debt, Data, Defense of Markets and the Rise of the Intangible Economy THURSDAY, OCTOBER 17 Ronald Reagan Building and International Trade Center, Washington, D.C. ATRIUM BALLROOM A ATRIUM BALLROOM B 11:00 AM – 11:30 AM IN CONVERSATION 10:45 AM – 11:30 AM EM VULNERABILITY + Robin Brooks, Managing Director and Chief Economist, IIF + Sergi Lanau, Deputy Chief Economist, IIF (Moderator) (Moderator) + Esther Law, Senior Investment Manager, Emerging Markets, Amundi Asset Management + Arturo Herrera, Finance Minister, Mexico + Jens Nystedt, Senior Portfolio Manager, Emso Asset Management 11:30 AM – 12:15 PM AI & SOCIETY + Lupin Rahman, Executive Vice President and Portfolio Manager, PIMCO + Ilana Golbin, Director, Artificial Intelligence Accelerator, PwC + Mila Skulkina, Associate Portfolio Manager, Lord Abbett & Co. LLC + Swapna Malekar, Senior Manager, Product, Royal Bank of + Marcus Svedberg, Investment Strategist, Swedish Pension Fund AP4 Canada + Greer Meisels, Chief of Staff, IIF (Moderator) 11:30 AM – 12:15 PM THE EUROPE CHALLENGE + Catherine (Kitty) Parry, Founder and Chief Executive Officer, + Ryan Heath, Senior Editor, Politico (Moderator) DeepView + Beata Javorcik, Chief Economist, EBRD + Lindsey Sheppard, Associate Fellow, International Security + Marcela Meirelles, Managing Director, Global Fixed Income, TCW + Debora Revoltella, Director, Economics Department, European Program, Center for Strategic and International Studies Investment Bank + Adam Tooze, Kathryn and Shelby Cullom Davis Professor of History and Director of the European Institute, Columbia University + Angel Ubide, Managing Director and Head of Economic Research for Global Fixed Income, Citadel Host: Michael McKee International Economics and Policy Correspondent, Bloomberg 12:15 PM – 1:30 PM IN CONVERSATION LUNCH (ATRIUM HALL) + Tim Adams, President and Chief Executive Officer, IIF (Moderator) + Tharman Shanmugaratnam, Senior Minister and Coordinating Minister for Social Policies; Chairman, Monetary Authority of Singapore DATA TOWN HALL THE GLOBAL ECONOMY AND EM Host: Brad Carr Host: Michael McKee Senior Director, Digital Finance, IIF International Economics and Policy Correspondent, Bloomberg 1:30 PM – 1:50 PM IN CONVERSATION: BANK OF ENGLAND FUTURE OF FINANCE REPORT 1:30 PM – 2:00 PM IN CONVERSATION + Brad Carr, Senior Director, Digital Finance, IIF (Moderator) + Tim Adams, President and Chief Executive Officer, IIF (Moderator) + Huw van Steenis, Senior Adviser to the Chief Executive Officer, + François Villeroy de Galhau, Governor, Banque de France UBS; Former Senior Adviser to the Governor of the Bank of 2:00 PM – 2:30 PM IN CONVERSATION England + Clay Lowery, Executive Vice President, Research and Policy, IIF (Moderator) + Ignazio Visco, Governor, Bank of Italy REGISTER NOW 2019 IIF ANNUAL MEMBERSHIP MEETING DAY 2 Debt, Data, Defense of Markets and the Rise of the Intangible Economy THURSDAY, OCTOBER 17 Ronald Reagan Building and International Trade Center, Washington,
Recommended publications
  • Download Original Attachment

    Download Original Attachment

    2017 IIF Annual Membership Meeting List of Participants 10/04/2017 1 International Fincentre Associates Aberdeen Asset Management Aberdeen Standard Investments Aberdeen Standard Investments Abraaj Capital Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Global Market Abu Dhabi Investment Authority Abu Dhabi Investment Authority Abu Dhabi Investment Authority Abu Dhabi Investment Authority Access Bank Plc Access Bank Plc Access Bank Plc Access Bank Plc Acreditus Aflac Global Investments Aflac Global Investments Aflac International Aflac International AFME Africa Finance Corporation African Export Import Bank Page 1 of 51 2017 IIF Annual Membership Meeting List of Participants 10/04/2017 African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank African Export Import Bank Agricultural Bank of China, New York Branch Agricultural Bank of China, New York Branch AIG AIG AIIB Akbank Akbank Aker International AG Al Ahli Bank of Kuwait K.S.C.P Al Ahli Bank of Kuwait K.S.C.P Al Rajhi Bank Alawwal Bank Alawwal Bank Alawwal Bank Alawwal Bank Alawwal Bank Albaraka Turk Participation Bank Albaraka Turk Participation Bank Albaraka Turk Participation Bank Page 1 of 51 2017 IIF Annual Membership Meeting List of Participants 10/04/2017 Algebris Investments AllianceBernstein L.P.
  • Board of Director's Operating Report for Financial Statement At

    Board of Director's Operating Report for Financial Statement At

    Board of Director’s Operating Report for Financial Statement at December 31, 2008 126 Financial Statement 2008 - Management Report Shareholders, The 2008 financial statements, prepared on the basis of IAS/IFRS international accounting standards, report on your company’s twenty-eighth year in business, closing with a profit of 21.2 million euro (+ 18.7% over 2007), after payment of 7.8 million Euro in taxes. R.O.E. was 27.40%, significantly higher than in 2007 (24.05%). On the topic of competitive positioning, note that in 2008 the company ranked fifth in its sector in terms of outstanding credit, with a market share of 6.0%, and fourth in terms of advances and payments made, with a market share of 6.7% (source: Assifact). The annual profit, though it did reflect the effects of certain non-recurrent events, is definitely noteworthy in terms of management of regular operations. In the year 2008 profit margins reflected replacement of about 3.0 million Euro in gains from purchases of credit not at face value (now a residual activity), which were entered under “Other operating income” in 2007, with profit margins from characteristic operations, marking the completion of the commercial strategy undertaken since 2006 aiming to improve performance on the working capital market for customer companies, the number of which has definitely grown (+ 43% active transferring customers). The Operating Margin was 49.2 million euro, up 12.4% over 2007. This performance is primarily attributable to Interest Margin dynamics, which have settled at 34.0 million euro (+26.4% over 2007), while Net Commissions were worth 15.2 million euro (-10.0 % since 2007).
  • Shaping the Future – Green and Sustainable Finance in Germany

    Shaping the Future – Green and Sustainable Finance in Germany

    Shaping the future – green and sustainable finance in Germany August 2018 1 Green and Sustainable Finance Cluster Germany e. V. Adickesallee 32-34 60322 Frankfurt am Main Germany [email protected] www.gsfc-germany.com 2 Contents Forewords 7 Executive Summary 11 1. An empirical market survey or: walk the talk? 12 2. From niche to mainstream: the rising relevance of sustainable finance 20 2.1 The German financial sector in the global context 20 2.2 Regulatory developments 23 3. Global trend and local implementation – sustainable finance initiatives based on examples from other financial centres 26 4. Green and Sustainable Finance Cluster Germany 30 4.1 Role 30 4.2 Mission and objectives 30 4.3 Areas of action 31 Quotes by board members 36 Acknowledgement 39 Annex 1 42 Annex 2 49 3 Charts Fig. 1: Results of the survey on organisation and reporting 16 Fig. 2: Proportion of financial institutions where the products referred to are part of the core business or are highly significant 16 Fig. 3: Top 3 non-product-related activities 17 Fig. 4: Top 3 tools to manage sustainable investment and finance 17 Fig. 5: Top 3 perceived drivers and barriers to sustainable finance 18 Fig. 6: Action required to eliminate existing barriers 20 Fig. 7: Background information on the sustainable finance initiatives in Paris, London and Luxembourg 37 Fig. 8: GSFCG action matrix 40 4 Abbreviations ASFI Accelerating Sustainable Finance Initiative“ IWF Renewable Energy Institute BCG Boston Consulting Group KfW Kreditanstalt für Wiederaufbau (German promotional bank) BDI Bundesverband der Deutschen Industrie e.V.
  • SEB's Results for the Second Quarter 2019

    SEB's Results for the Second Quarter 2019

    Press release Stockholm, 28 June 2019 Invitation – SEB’s results for the second quarter 2019 SEB’s results for the second quarter 2019 will be announced on Friday, 12 July, at 07:00 (Swedish time). In addition, presentations and the Fact Book will be available on sebgroup.com/ir. You are invited to participate in the following presentations: Results presentation Time: 09:00 (Swedish time) Venue: Kungsträdgårdsgatan 8, Stockholm Johan Torgeby, President and CEO, will present and comment upon the results. The presentation will be conducted in English. The results presentation can be followed live on sebgroup.com/ir and will also be available afterwards. Telephone conference Time: 13:00 (Swedish time) Johan Torgeby, Masih Yazdi, Finance Director, and Christoffer Geijer, Head of Investor Relations, will present the results, followed by a Q&A session. To participate, please call +44 (0)2071 928 000, quote conference id: 4839848 , at least 10 minutes in advance. The telephone conference audio webcast can be followed live on sebgroup.com/ir and will also be available afterwards. For further information, please contact Christoffer Geijer, Head of Investor Relations +46-8-763 83 19, +46-70-762 1006 Frank Hojem, Head of Media Relations +46-8-763 99 47, +46-70-763 99 47 SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long term perspective and supports its customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services.
  • Skandinaviska Enskilda Banken AB (Publ) (Herein the “Bank”, Or “SEB AB”) Is a Foreign Banking Organization Duly Organized and Existing Under the Laws of Sweden

    Skandinaviska Enskilda Banken AB (Publ) (Herein the “Bank”, Or “SEB AB”) Is a Foreign Banking Organization Duly Organized and Existing Under the Laws of Sweden

    SEB U.S. Resolution Plan Public Section October, 2013 TABLE OF CONTENTS Section 1: Public Section Introduction Summary of resolution plan A. Description of material entities B. Description of core business lines C. Summary financial information D. Description of derivative and hedging activities E. Memberships in material payment, clearing and settlement systems F. Description of foreign operations G. Material supervisory authorities H. Principal officers I. Corporate governance structure and processes related to resolution planning J. Description of material management information systems K. High-level description of resolution strategy This document contains certain forward-looking statements that reflect SEB’s current views with respect to future events. Forward-looking statements are all statements in this document that do not relate to historical facts and events. While these forward-looking statements represent SEB’s judgments and future expectations concerning the development, actual developments could differ from SEB’s expectations. SEB undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. 1 Introduction Skandinaviska Enskilda Banken AB (publ) (herein the “Bank”, or “SEB AB”) is a foreign banking organization duly organized and existing under the laws of Sweden. In the United States, the Bank maintains a New York state-licensed branch (the “New York Branch”) and operates subsidiaries, as described below. This resolution plan (the “U.S. Resolution Plan”) is being filed by the Bank pursuant to Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) and 12 C.F.R.
  • Investment Insights

    Investment Insights

    CHIEF INVESTMENT OFFICE Investment Insights AUGUST 2017 Matthew Diczok A Focus on the Fed Head of Fixed Income Strategy An Overview of the Federal Reserve System and a Look at Potential Personnel Changes SUMMARY After years of accommodative policy, the Federal Reserve (Fed) is on its path to policy normalization. The Fed forecasts another rate hike in late 2017, and three hikes in each of the next two years. The Fed also plans to taper reinvestments of Treasurys and mortgage-backed securities, gradually reducing its balance sheet. The market thinks differently. Emboldened by inflation persistently below target, it expects the Fed to move significantly more slowly, with only one to three rate hikes between now and early 2019. One way or another, this discrepancy will be reconciled, with important implications for asset prices and yields. Against this backdrop, changes in personnel at the Fed are very important, and have been underappreciated by markets. The Fed has three open board seats, and the Chair and Vice Chair are both up for reappointment in 2018. If the administration appoints a Fed Chair and Vice Chair who are not currently governors, then there will be five new, permanent voting members who determine rate moves—almost half of the 12-member committee. This would be unprecedented in the modern era. Similar to its potential influence on the Supreme Court, this administration has the ability to set the tone of monetary policy for many years into the future. Most rumored candidates share philosophical leanings at odds with the current board; they are generally hawkish relative to current policy, favor rules-based decision-making over discretionary, and are unconvinced that successive rounds of quantitative easing were beneficial.
  • SEB Creates New Division to Further Sharpen Its Private Banking Offering

    SEB Creates New Division to Further Sharpen Its Private Banking Offering

    SEB creates new division to further sharpen its Private Banking offering SEB is establishing a new division, Private Wealth Management & Family Office, to further strengthen its focus on entrepreneurs, individuals and families and their businesses in SEB’s home markets. William Paus, today Co-Head of SEB’s Large Corporates & Financial Institutions division, has been appointed Head of the new division. Ever since SEB was founded, the bank has supported individuals and companies in their value creation. Private Banking is part of SEB's DNA, and the segment has seen its assets under management (AuM) grow to more than SEK 1,000bn over the years, corresponding to nearly 50 per cent of SEB’s total AuM. Fuelled by successful entrepreneurship, a favourable macroeconomic environment including demographic factors and strong financial markets, the global Private Banking industry is growing. By gathering SEB’s expertise within Private Banking in one division, the bank further sharpens its offering in response to the continuously changing needs of the customers, aiming to grow SEB’s savings and investments business. “SEB has strong and longstanding relationships with customers ranging from entrepreneurs to professional family offices, and I am confident that we, by creating this dedicated Private Wealth Management & Family Office division, will be able to become an even more relevant partner for both new and existing customers in our home markets. Our aim is to take a leading position in this increasingly important segment by offering first-class investment advisory based on SEB's entire product range of analysis, IPOs and alternative investments. I am delighted that William Paus is taking on this new challenge within the bank,” says Johan Torgeby, SEB’s President and CEO.
  • Interview of Stanley Fischer by Olivier Blanchard

    Interview of Stanley Fischer by Olivier Blanchard

    UBRARIBS Digitized by the Internet Archive in 2011 with funding from Boston Library Consortium IVIember Libraries http://www.archive.org/details/interviewofstanlOOblan 2 DEWEY HB31 .M415 Massachusetts Institute of Technology Department of Economics Working Paper Series Interview of Stanley Fischer By Olivier Blanchard Working Paper 05-1 April 1 9, 2005 Room E52-251 50 Memorial Drive Cambridge, MA 021 42 This paper can be downloaded without charge from the Social Science Research Networl< Paper Collection at http://ssrn.com/abstract=707821 MASSACHUSETTS INSTITUTE OF TECHNOLOGY APR 2 6 2005 LIBRARIES Interview of Stanley Fischer, by Olivier Blanchard.i Abstract Stanley Fischer is a macroeconomist par excellence. After three careers, the first in academia at Chicago, and at MIT, the second at the World Bank and at the International Monetary Fund, the third in the private sector at Citigroup, he is starting a fourth, as the head of the Central Bank of Israel. This interview, to be published in Macroeconomic Dynamics, took place in April 2004, before the start of his fourth career. This interview took place long before Stan had any idea he would become Governor of the Bank of Israel, a position he took up in May 2005. We have not changed the text to reflect this latest stage. Introduction. The interview took place in April 2004 in my office at the Russell Sage Foundation in New York City, where I was spending a sabbatical year. We completed it while running together in Central Park during the following weeks. Our meeting at Russell Sage was just like the many meetings we have had over the years.
  • Global Mergers & Acquisitions Review

    Global Mergers & Acquisitions Review

    Global Mergers & Acquisitions Review FIRST HALF 2020 | FINANCIAL ADVISORS Global Mergers & Acquisitions Review First Half 2020 | Financial Advisors Global Deals Intelligence Global Announced M&A $4,500 30,000 WORLDWIDE DEAL MAKING FALLS 41%; LOWEST FIRST HALF SINCE 2013 Worldwide M&A activity totaled US$1.2 trillion during the first half of 2020, a decrease of 41% compared $4,000 to year-ago levels and the slowest opening six-month period for mergers & acquisitions since the first 25,000 half of 2013. The second quarter of 2020 registered a 25% decrease compared to the first quarter of the year and marks the slowest quarter of deal making since the first quarter of 2012. By number of $3,500 worldwide deals, deal making declined 16% compared to year ago levels, a six-year low. $3,000 20,000 CROSS-BORDER M&A DECLINES 15% TO SEVEN-YEAR LOW $2,500 Cross-border M&A activity totaled US$440.7 billion during the first half of 2020, a 15% decrease 15,000 compared to a year ago and the slowest first half for cross-border M&A since 2013. The Industrials, $2,000 Technology and Energy and Power sectors accounted for 37% of cross-border deals during the first half of 2020, down from 40% a year ago. $1,500 10,000 US TARGET M&A DECLINES 69%, LOWEST PERCENTAGE OF TOTAL M&A ON RECORD $1,000 M&A activity for US targets totaled US$354.9 billion during the first half of 2020, a decrease of 69% 5,000 compared to the level of activity seen during the first half of 2019 and the lowest opening six-month $500 period for US deal making since 2012.
  • A Tribute to George Perry and William Brainard

    A Tribute to George Perry and William Brainard

    10922-01_Gordon_REV.qxd 1/25/08 11:05 AM Page 1 ROBERT J. GORDON Northwestern University A Tribute to George Perry and William Brainard YOUNGER READERS OF THIS volume may not appreciate how creative was the invention of the Brookings Papers on Economic Activity, how much it changed the way applied economics is communicated, and how magic has been its appeal to economists young and old, the novices and the famous, over its many years of operation. Within ten years of its creation, it had become one of the four most circulated academic journals in economics. The Brookings Papers started at 1:30 p.m. on Thursday, April 16, 1970, with my first paper on the Phillips curve,1 which was discussed by none other than George Perry and Robert Solow. Right from the start, the Brookings Papers was the place to go to for up-to-date analysis of the macroeconomic puzzles of the day. A scorecard of frequent contributors to the Brookings Papers over the years would include many of the great and famous economists of our day: not just Alan Greenspan and Ben Bernanke, but other luminaries including Olivier Blanchard, Rudiger Dornbusch, Stanley Fischer, Paul Krugman, Jeffrey Sachs, and Lawrence Summers, not to mention the Nobel Prize contingent of George Akerlof, Franco Modigliani, Edmund Phelps, Robert Solow, and James Tobin. It is a supreme tribute to Perry and Brainard— and to Arthur Okun, the journal’s cofounder with Perry—that, when they asked, these people came, whether they were famous then or would become so only later.
  • Here Is a Lag, We Predict Some Further Upward Pressure on CPI Prices This Month

    Here Is a Lag, We Predict Some Further Upward Pressure on CPI Prices This Month

    Macro & FICC research Week Ahead Friday, 9 July 2021 Key Economic Indicators & Events: 12 July – 18 July, 2021 DueDate to USCE SgovernmentT Country Event shutdown many US calender events are cancelled.Period If SEBthe forecast*shutdown ends.Consensus* US indicators not includedLast* in this calenderMon 12 Auctions: could be U.S. presented. to sell bills, 3y notes & 10y notes (17:30, 19:00, 19:00). Reports: Kinnevik. Speeches: Fed’s Kashkari speaks at Townhall (18:00). Other: Bloomberg July Eurozone/Germany economic survey (08:30/08:35), Riksbank publishes Minutes from June 30 meeting (09:30), Eurogroup meeting (13:00), National Bank publishes Inflation Report. 01:50 JAP Core machine orders May 2.5/6.3 0.6/6.5 01:50 JAP PPI Jun 0.5/4.7 0.7/4.9 06:30 SWE SEB Swedish housing-price indicator 65 08:00 DEN CPI Jun -0.1/1.6 --- 0.2/1.7 08:00 JAP Machine tool orders yoy Jun P --- 141.9 12:00 SWE Swedish weekly unemployment (PES) Tue 13 Auctions: Germany to sell 2y bonds (11:30), U.S. to sell bills & 30y bonds (17:30, 19:00). Reports: JM, DNB Bank, JPMorgan Chase. Speeches: Riksbank's Ingves participates in panel discussion (15:00), Fed Hosts event on racism and the economy (18:00). Other: European Council: Economic and Financial Affairs Council, France: CPI final (08:45). 06:00 SWE PES unemployment rate Jun --- 3.6 08:00 GER CPI | CPI EU harmonized Jun F --- 0.4/2.3 | 0.4/2.1 12:00 US NFIB small business optimism Jun 100.0 99.6 14:30 US CPI | CPI ex.
  • Eurohypo Group Annual Report 2008 Eurohypo the Leading Specialist Bank for Real Estate and Public Finance

    Eurohypo Group Annual Report 2008 Eurohypo the Leading Specialist Bank for Real Estate and Public Finance

    EUROHYPO GROUP ANNUAL REPORT 2008 EUROHYPO THE LEADING SPECIALIST BANK FOR REAL ESTATE AND PUBLIC FINANCE MULTI-AWARD WINNER In 2008, Eurohypo was honored for the third year in a row with the “Real Estate Award for Excel- lence” sponsored by the trade publication Euromoney Liquid Real Estate. We were No.1 in the category of “Best Global Com- mercial Bank in Real Estate”. For the fourth year in a row, we were declared “Best Commercial Bank in Real Estate in Germany”; the English magazine Property Week Global named us “Funding Partner of the Year” for the second time. OPERNTURM Frankfurt · The 169 meter high office tower on the west side of the Opera Square will be finished in 2009. It offers in its 42 floors 67,000 square meters of effective surface area. Among other things the headquarters of UBS for Ger- many will be moving in there. The Opernturm will be gold- certified under the US environ- mental standard LEED – as one of the first new multi-storey office buildings in Europe. O2 WORLD Berlin · O2 World, located at Berlin’s Ostbahnhof station, has room for up to 17,000 people (seated and standing), 59 entertainment suites and conference suites, making it one of Europe’s largest and most sophisticated multipur- pose arenas. The space can be converted in just a few hours from an ice hockey arena to a festive concert hall. The multipurpose arena is owned and operated by Anschutz Entertainment Group. ONE HYDE PARK London · The residential development project of exceptional standard in the excellent location at Hyde Park in London is to be completed in 2010.