Alpaca and ZAD Partner to Bring Shariah-Compliant Investing Globally

Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, and ZAD, a leading Kuwait-based investment platform for Shariah-compliant US stocks and ETFs, today announced their strategic partnership to expand access to Shariah-compliant investment products. This partnership continues to open financial access for investors seeking to align their financial growth with Islamic principles. With global Islamic finance assets surpassing $5.5 trillion USD in 2024, a report from Standard Chartered forecasts they could reach $7.5 trillion USD by 2028....

Stonepeak Appoints Cindy Marrs as Senior Advisor to Boost Wealth Team

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the appointment of Cindy Marrs as a Senior Advisor. In this role, Cindy will leverage her more than 30 years of wealth management expertise and leadership experience to advise the firm and support the continued growth of Stonepeak+, Stonepeak’s dedicated wealth solutions platform. Cindy joins Stonepeak’s deep bench of Senior Advisors and Operating Partners with three decades of wealth leadership experience at...

BlackRock Completes Acquisition of HPS Investment Partners

BlackRock, Inc. (NYSE: BLK) and HPS Investment Partners (HPS) today announced the successful completion of BlackRock’s acquisition of HPS. Private credit is reshaping financial markets and the structural trends supporting its growth have accelerated the convergence of public and private markets. Financing activity is being shifted toward the capital markets, positioning asset managers to match long-dated capital with long-term investors, including insurance companies, pensions, sovereign wealth funds, wealth managers, and individuals saving for retirement. With...

Ant Group 2024 Report Highlights AI, Inclusion & New Initiatives

Ant Group today published its 2024 Sustainability Report, highlighting its enhanced AI investments in advancing broad-based digital transformation. The report also shares how the group’s sustainability commitments are carried onto new journeys of Ant International, Ant Digital Technologies, and OceanBase, three units that became independent following the 2024 reorganization. The Report lays out how Ant Group harnessed new technology tools, expanded partnerships in 2024 to strengthen its 4 sustainability pillars: Technological Innovation, AI-Powered Digital Inclusion, Green and Low-Carbon...

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