Ms. Murphy leads the bank's huge capital markets business
AJ Murphy, the head of global capital markets at Bank of America Corp., is leaving the firm, the bank said in a memo.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the build rates
of certain aircraft; 6) the effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft
market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions in the industries and
markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact
of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable terms or
at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional
capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Such risks, uncertainties and other factors include, without limitation: (1) the effect
of economic conditions in the industries and
markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial
market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels
of end
market demand in construction and in both the commercial and defense segments
of the aerospace industry, levels
of air travel, financial condition
of commercial airlines, the impact
of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization
of the anticipated benefits
of advanced technologies and new products and services; (3) the scope, nature, impact or timing
of acquisition and divestiture or restructuring activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4) future timing and levels
of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and
capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability
of credit and factors that may affect such availability, including credit
market conditions and our
capital structure; (6) the timing and scope
of future repurchases
of United Technologies» common stock, which may be suspended
at any time due to various factors, including
market conditions and the level
of other investing activities and uses
of cash, including in connection with the proposed acquisition
of Rockwell; (7) delays and disruption in delivery
of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact
of the negotiation
of collective bargaining agreements and labor disputes; (15) the effect
of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect
of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general
market conditions,
global trade policies and currency exchange rates in the near term and beyond; (16) the effect
of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability
of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition
of conditions that could adversely affect the combined company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely basis or
at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United Technologies or $ 50 million
of expense reimbursement; (19) negative effects
of the announcement or the completion
of the merger on the
market price
of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation
of their businesses while the merger agreement is in effect; (21) risks relating to the value
of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Helima Croft,
global head
of commodity strategy
at RBC
Capital Markets, discusses the four countries cutting diplomatic ties with Qatar and how it will affect the oil stocks.
Copies
of the prospectus, the related preliminary prospectus supplement and the registration statement can be obtained from Barclays
Capital Inc., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, 1-888-603-5847,
[email protected]; Citigroup
Global Markets Inc., c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Tel: 800-831-9146; Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, by telephone
at (800) 326-5897 or email to
[email protected]; Evercore Group L.L.C., Attention: Equity
Capital Markets, 55 East 52nd Street, 36th Floor, New York, NY 10055, by telephone
at 888-474-0200 or by email
at [email protected]; and SunTrust Robinson Humphrey, Inc., Attention: Prospectus Department, 3333 Peachtree Road NE, 9th Floor, Atlanta, GA 30326, telephone: 404-926-5744, fax: 404-926-5464 or email:
[email protected].
Obviously, besides immediately abandoning its propaganda campaign, the Chinese government should reassure the
global business community with concrete, honest, realistic, and
market - based solutions that address the underlying pathologies
of China's poor economic performance: massive debt, endemic overcapacity, and an economic system that channels low - cost
capital into inefficient state - owned enterprises
at the expense
of private entrepreneurs and consumers.
Helima Croft,
global head
of commodity strategy
at RBC
Capital Markets, is wondering whether the price
of oil goes to $ 26 on oversupply issues.
NEW YORK, May 3 (IFR)- Bank
of America Merrill Lynch
Global Head
of Capital Markets Alice «AJ» Murphy is exiting the bank for a position
at a private equity shop Silver Lake - one
of BAML's clients.
That some
of the forces governing
capital flows and asset values are driven not by
market - determined expected return but by policy measures directed
at, for example, an exchange rate objective means that
at least some
of what we observe in
global capital markets may be attributed to these distortions.
The founding managing members
of the investment management division (Peter Cohen, Thomas Strauss, Jeff Solomon, and the late Morgan Stark) utilized decades
of extensive experience derived from prior positions
at the most senior levels in
global capital markets and investment management to build Cowen's investment management division.
«Any hiccup in U.S. refined product exports is highly disruptive to the supply chain given the dependency
of nations like Mexico and other Latin American countries on the U.S.,» Michael Tran, director
of global energy strategy
at RBC
Capital Markets, told Reuters.
Prior to joining iShares, he was Director
of Global Sales for
Capital Institutional Services (CAPIS) in Dallas and spent seven years
at UBS Investment Bank in NY, where he was Head
of Alternative Research Provider
Marketing Sales and
Global Head
of Soft Dollar and Directed Commissions Sales.
In this edition
of Capital Markets View, Chris Porter, Head
of Loan, Recovery & CLO Business Development and Taron Wade, Director
at LCD, part
of S&P
Global Market Intelligence discuss: New issuance and the increase in M&A plus fresh LBOs; The uptick in loan pricing and the rise in the size
of Term Loan Bs; CLO pricing and the arbitrage.
«Without venture -
capital funding, not a lot
of the fintechs have the business models to be profitable,» says Bill Sullivan, head
of global financial services
market intelligence
at Capgemini.
INDIA»S DEMAND ECONOMY By Udayan Gupta
At this month's
Global Salon in New York, Hiren Ved, chief investment officer of Mumbai - based investment fund Alchemy Capital Management, discussed the Indian markets and economy in a global context and wit
Global Salon in New York, Hiren Ved, chief investment officer
of Mumbai - based investment fund Alchemy
Capital Management, discussed the Indian
markets and economy in a
global context and wit
global context and within...
Middle East producers are now devising strategies to lock in Asian
market share, said Helima Croft,
global head
of commodity strategy
at RBC
Capital Markets.
«Fiona's investment and governance skills, combined with her strong understanding
of asset owners and
global markets gained from experience
at Link Administration Holdings and Frontier Advisors, will help us grow our world class
capital and risk platforms.»
Mr. Hodgson currently sits on the boards
of The Public Sector Pension Investment Board (PSP Investments) where he chairs the Investment Committee which oversees net investments
of $ 99.5 billion as
at September 30, 2014, KGS - Alpha
Capital Markets, The
Global Risk Institute, The Ivey School
of Business and The Next36.
Well, hold on a moment: if China continues to grow
at past rates, China becomes more than 90 percent
of the entire
global steel
market — which is unlikely, and so it seems likely that the iron ore capacity may be rising just as slowing
capital investments in China cools demand.»
STRONG IPO PIPELINE Nancy Lissemore, managing director and
global head
of depositary receipt services
at Citi, says: «
Capital raising in DRs is up 300 % for the year to date to $ 3.2 billion [as
of June 7] with $ 2.9 billion
of the total in the secondary
market.
«Although the
global IPO
market has yet to fully recover, the healthy level
of deal volume and dramatic improvement in performance seen in the third quarter
of 2010 indicate that IPO investors are more than willing to participate, given an attractive fundamental story pitched
at a reasonable price,» Renaissance
Capital says.
Nancy Lissemore, managing director and
global head
of depositary receipt services
at Citi, says: «If the broader
markets continue to do well, DR
capital raising should be strong this year.
Examples
of these risks, uncertainties and other factors include, but are not limited to the impact
of: adverse general economic and related factors, such as fluctuating or increasing levels
of unemployment, underemployment and the volatility
of fuel prices, declines in the securities and real estate
markets, and perceptions
of these conditions that decrease the level
of disposable income
of consumers or consumer confidence; adverse events impacting the security
of travel, such as terrorist acts, armed conflict and threats thereof, acts
of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new
markets; breaches in data security or other disturbances to our information technology and other networks; the spread
of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment
of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional
capital to fund our operations, and to generate the necessary amount
of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion
of our assets pledged as collateral under our existing debt agreements and the ability
of our creditors to accelerate the repayment
of our indebtedness; volatility and disruptions in the
global credit and financial
markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key
markets or globally; our inability to recruit or retain qualified personnel or the loss
of key personnel; future changes relating to how external distribution channels sell and
market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price
of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels
at different times
of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability
of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
Launched in the
capital in March 2016, Bellfield has enjoyed several big contract wins as the free - from food and drink sector continues to expand with Mintel predicting the
market to grow to # 673 million by 2020 (Mintel 2016) and the «Global Gluten - Free Beer Market — Growth, Trends and Forecasts (2017 — 2022)» report suggesting that the global gluten - free beer market will grow at a CAGR of more than 13.5 % over the period 2017 to
market to grow to # 673 million by 2020 (Mintel 2016) and the «
Global Gluten - Free Beer Market — Growth, Trends and Forecasts (2017 — 2022)» report suggesting that the global gluten - free beer market will grow at a CAGR of more than 13.5 % over the period 2017 to
Global Gluten - Free Beer
Market — Growth, Trends and Forecasts (2017 — 2022)» report suggesting that the global gluten - free beer market will grow at a CAGR of more than 13.5 % over the period 2017 to
Market — Growth, Trends and Forecasts (2017 — 2022)» report suggesting that the
global gluten - free beer market will grow at a CAGR of more than 13.5 % over the period 2017 to
global gluten - free beer
market will grow at a CAGR of more than 13.5 % over the period 2017 to
market will grow
at a CAGR
of more than 13.5 % over the period 2017 to 2022.
«I want a Britain that is a leader in the world's fastest growing, most wealth - creating sectors
at the cutting edge
of global advance - in
capital markets and financial services, in science and innovation, in creativity and enterprise, and in skills and education,» he told delegates.
After a banner year in 2014 (thanks to the $ 91 billion in
global spending) the edTech
market is expect to grow
at a rate
of 20 percent per year through 2017, according to IBIS
Capital.
Prior to joining Schroders, Duncan was a principal in the
Global Asset Allocation team
at Aon Hewitt, where he was responsible for the development
of the firm's long term strategic
capital market assumptions, and driving its medium term asset allocation views across the full range
of traditional and alternative asset classes.
The selection universe for the S&P 500 Index includes all U.S - domiciled, as determined by S&P Dow Jones Indices LLC, common equities listed on the NYSE, NYSE Arca, NYSE American, NASDAQ
Global Select
Market, NASDAQ Select Market, Investors Exchange (IEX), NASDAQ Capital Market, Bats BZX, Bats BYX, Bats EDGA, or Bats EDGX with market capitalizations generally of $ 6.1 billion or more at the time of incl
Market, NASDAQ Select
Market, Investors Exchange (IEX), NASDAQ Capital Market, Bats BZX, Bats BYX, Bats EDGA, or Bats EDGX with market capitalizations generally of $ 6.1 billion or more at the time of incl
Market, Investors Exchange (IEX), NASDAQ
Capital Market, Bats BZX, Bats BYX, Bats EDGA, or Bats EDGX with market capitalizations generally of $ 6.1 billion or more at the time of incl
Market, Bats BZX, Bats BYX, Bats EDGA, or Bats EDGX with
market capitalizations generally of $ 6.1 billion or more at the time of incl
market capitalizations generally
of $ 6.1 billion or more
at the time
of inclusion.
Prior to joining Sun Life Assurance Company
of Canada in 2013, he had roles
at a major Canadian pension plan implementing and managing its credit long / short strategy and then as Trader / Portfolio Manager in its
Global Capital Markets division.
At the end of November, the index is trading at a yield of 6.8 % compared to developed market debt, proxied by the Barclays Capital Global Aggregate Bond Index, which is offering a scant 1.6 %, also as of the end of Novembe
At the end
of November, the index is trading
at a yield of 6.8 % compared to developed market debt, proxied by the Barclays Capital Global Aggregate Bond Index, which is offering a scant 1.6 %, also as of the end of Novembe
at a yield
of 6.8 % compared to developed
market debt, proxied by the Barclays
Capital Global Aggregate Bond Index, which is offering a scant 1.6 %, also as
of the end
of November.
The selection universe for the S&P MidCap 400 Index includes all U.S. common equities listed on the NYSE, NYSE Arca, NYSE American, NASDAQ
Global SelectMarket, NASDAQ Select
Market, Investors Exchange (IEX), NASDAQ Capital Market, Bats BZX, Bats BYX, Bats EDGA, or Bats EDGX with market capitalizations generally between $ 1.6 billion and $ 6.8 billion at the time of incl
Market, Investors Exchange (IEX), NASDAQ
Capital Market, Bats BZX, Bats BYX, Bats EDGA, or Bats EDGX with market capitalizations generally between $ 1.6 billion and $ 6.8 billion at the time of incl
Market, Bats BZX, Bats BYX, Bats EDGA, or Bats EDGX with
market capitalizations generally between $ 1.6 billion and $ 6.8 billion at the time of incl
market capitalizations generally between $ 1.6 billion and $ 6.8 billion
at the time
of inclusion.
This study completes the research series on oil and coal started in 2014 and takes a look
at three
global gas
markets — Europe, North America and LNG — in the context
of the energy transition, examining where there may be unneeded capacity and
capital expenditure in a low demand scenario.
The study looks
at the «emerging talent crisis» and related «contest for human
capital» in the new marketplace — an increasingly competitive
global market characterized by «creative and technological advancements» and imminent vacancies created by a wave
of Baby Boomer retirements.
«IPO levels will follow a slightly different pattern to M&A due to political uncertainty and the higher volatility that inevitably comes with liquid
markets» said Koen Vanhaerents,
global head
of capital markets at Baker & McKenzie.
And I do know this: any
global law firm with an office in Canada and with access to
global private
capital would turn this country's legal profession upside down, from acquiring talent to investing in online infrastructure to
marketing its brand to forcing law societies across Canada to look hard
at regulations surrounding non-lawyer investment in or ownership
of law firms.
Representatives
of the «Big Four»
global auditing firms were
at New York's Fordham University yesterday to discuss blockchain in the
capital markets.
The management team
at Galaxy will include Richard Tavoso, the former head
of global arbitrage
at RBC
Capital Markets; Christopher Ferraro, formerly with HPS Investment Partners and BlackRock Kelso
Capital Advisors; and David Namdar, who previously worked for Millennium Partners and UBS AG.
«What we tend to see a lot more
of today, specifically as it relates to foreign
capital, is a lot more joint ventures, club transactions and partial interest sales,» says Christopher Ludeman,
global president
of capital markets at real estate services firm CBRE.
«Sometimes they're partnering with both the out -
of - money equity holder and the lender
at the same time, in effect being the white knight, bridging the gap and bringing the new
capital to bring the asset to
market,» says Steve Coyle, chief investment officer
of Global Realty Partners
at New York - based Cohen & Steers.
«Despite the tremendous flow
of capital and information globally, local market knowledge is still the key differentiator for successful global commercial real estate investors,» says Brian McAuliffe, president, Institutional Properties, at CBRE Capital M
capital and information globally, local
market knowledge is still the key differentiator for successful
global commercial real estate investors,» says Brian McAuliffe, president, Institutional Properties,
at CBRE
Capital M
Capital Markets.
«Between prospects
of deregulation,
global political uncertainty and the possibility
of significant rate hikes, lenders and borrowers are acting with more caution,» says Justin Bakst, director
of capital markets at research firm CoStar.
Global capital markets volatility, a continued low interest rate environment and increased financial regulation are just some
of the pressures real estate investors are facing
at this point in the cycle, prompting strategy tweaks with a renewed focus on
capital preservation.
To offer perspective on effectively navigating the
global capital landscape, we have developed a Thought Series, Leading Global Capital in a Time of Uncertainty, looking at the factors and trends shaping global property markets in 2016 and b
global capital landscape, we have developed a Thought Series, Leading Global Capital in a Time of Uncertainty, looking at the factors and trends shaping global property markets in 2016 and
capital landscape, we have developed a Thought Series, Leading
Global Capital in a Time of Uncertainty, looking at the factors and trends shaping global property markets in 2016 and b
Global Capital in a Time of Uncertainty, looking at the factors and trends shaping global property markets in 2016 and
Capital in a Time
of Uncertainty, looking
at the factors and trends shaping
global property markets in 2016 and b
global property
markets in 2016 and beyond.