As a fall-out of the 1MDB corruption scandal, the Malaysian government has ordered Goldman Sachs to refund all the professional fees it earned in the deal. Goldman Sachs acted as the financial adviser in the 1MDB fundraising deals under the former Prime Minister Najib Razak. The US investment bank helped […]
Goldman Sachs Group has named Stephen Scherr as its new Chief Financial Officer replacing Martin Chavez. The bank also named John Waldron as its president and chief operating officer. Waldron’s appointment will be effective Oct. 1 once David Solomon takes over from outgoing Chief Executive Officer Lloyd Blankfein, while Stephen […]
The largest telecom mast operator in Nigeria, IHS Towers is said to have suspended its proposed $1 billion initial public offering, IPO. According to people not named by Bloomberg, the planned would be shelved because it might coincide with Nigeria’s general elections which will hold next February. The IHS IPO […]
One of the world’s largest investment bank, Goldman Sachs is looking at giving back about USD8.7 billion to its shareholders through a share buyback programme. Chief Financial Officer R. Martin Chavez was quoted by Reuters News when he said on Tuesday in the bank’s first-ever disclosure of a buyback target. […]
America’s Goldman Sachs Group Inc said it is looking selling off its stake in Weinstein Co following allegations of sexual harassment against co-Chairman Harvey Weinstein. “There is no place for the inexcusable behavior that had been reported, and we strongly condemn it,” Andrew Williams, a spokesman for Goldman, said in an email […]
Goldman Sachs has just appointed Ken Hitchner as its president for Asia Pacific region excluding Japan. He is a Member of the firm’s Management Committee and Co-Chairs the Asia Pacific Management Committee. Mr. Ken Hitchner joined Goldman Sachs in the Corporate Finance Department in 1992, following his experience as a […]
Goldman Sachs Group said it has appointed Marie Louise Kirk and George Lee as co-heads of engineering for its investment bank. The position is a new role created to foster technological change within the business, according to a memo seen by Reuters News Agency. The organizational change comes as Goldman […]
Goldman Sachs International, the world’s second largest investment bank said its profit for 2016 fell by 37%. This is a huge drop given the fact that its 2016 profit is USD1.46 billion. The major downside in its business was its institutional investment advisory business. Its net revenue frll by 7% […]
The Rocket Internet Capital Partners fund, parent company of Jumia has on January 18, 2017 successfully held its final closing at the hard cap of USD 1.0 billion dedicated to early stage and growth equity investments in the global Internet sector. In a statement by Rocket Internet, the new commitment […]
Rocket Internet’s Jumia has just released its Q1 2016 financial result showing that Jumia’s sales for the first quarter of the year fell by 36.6%. The company made a total sales of EUR33.0 within the same quarter last year but the impact of Africa’s slowing down economy hit its gross revenue […]