Asset Management - FinTecBuzz

LendingPoint Appoints Shawn Stone as Chief Executive Officer

August 9, 20244 min

LendingPoint, the award-winning online loan origination and servicing platform, announced the appointment of Shawn Stone, a longtime financial services executive, as the Company’s new Chief Executive Officer and member of the Board. LendingPoint is a financial technology platform that provides financing solutions to a wide range of customers, including lending institutions and consumers. The company’s proprietary fraud prevention, risk, and asset management algorithms are used to create financing opportunities across the credit spectrum. Mr. Stone...

by Binance Labs

Blockchain

Binance Labs Invests in Particle Network to Tackle Web3 Fragmentation

August 1, 20245 min

Binance Labs, the venture capital and incubation arm of Binance, has invested in Particle Network, the leading L1 solution for unifying all chains via Universal Accounts, addressing user and liquidity fragmentation in Web3. The number of blockchain networks is rapidly increasing, with a growing proliferation of L1 and L2 chains across various ecosystems. This chain-dense approach to scalability leads to highly fragmented user bases and liquidity, resulting in poor user and developer experiences alongside significant...

by BusinessWire

Direct Lending

Applied Data Finance Appoints Joseph Toms as CEO

July 9, 20244 min

Seasoned consumer finance executive succeeds Co-Founder Krishna Gopinathan, who will remain on ADF’s Board

by BusinessWire

Platforms

BlackRock to Acquire Preqin

July 1, 20247 min

BlackRock, Inc. has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider. The acquisition adds a highly complementary data business to BlackRock’s investment technology, marking a strategic expansion into the fast-growing private markets data segment. Private markets...

by BusinessWire

Investments

SMArtX Advisory Solutions Selects Dan Phillips as CIO

June 24, 20247 min

Fast-growing fintech firm looks to round out its investment offerings to a rapidly expanding client base

by GlobeNewswire

Investments

INVL Partner Real Estate Fund I Raises $3M More

June 4, 20244 min

The INVL Partner Global Real Estate Fund I launched in January this year by INVL Asset Management, the leading Baltic alternative asset manager, raised an additional USD 3.075 million. This time investments in the open-ended fund for informed investors were made by a total of 13 investors. The INVL Asset Management fund invests in real estate funds in the US and Western Europe managed by Brookfield Asset Management, one of the world’s largest real estate...

by PRNewswire

Investments

Mission Wealth named One of Top Financial Advisory Firms in 2024

April 26, 20246 min

Mission Wealth, a leading provider of personalized financial and investment strategies, is proud to announce that it has been named one of USA TODAY’s Best Financial Advisory Firms of 2024. This prestigious ranking is a testament to Mission Wealth’s steadfast commitment to providing exceptional financial guidance and personalized service to clients across the nation. According to USA TODAY’s recent coverage, the landscape of financial advisory services is evolving, underscoring the importance of partnering with a trusted registered investment adviser (RIA) that...

by PRNewswire

Platforms

AlphaTrAI names John F. Sweeney as President

April 8, 20246 min

Industry veteran's expertise in investment management, digital assets, product development and technology positions firm to elevate its capabilities in AI-driven business solutions

by PRNewswire

Insurance

Blue Owl Capital to acquire Kuvare Asset Management for $750 Mn

April 3, 20245 min

Blue Owl Capital Inc., a leading alternative asset manager, announced today it has entered into a definitive purchase agreement to acquire Kuvare Insurance Services LP (dba Kuvare Asset Management) (“KAM”) for $750 million. KAM is a boutique investment management firm focused on providing asset management services to the insurance industry, including Kuvare UK Holdings (“Kuvare”). Blue Owl will fund the KAM acquisition through a combination of $325 million in cash and $425 million in Blue Owl Class A common...

by PRNewswire

Investments

Sun Life names Timothy Deacon as Chief Financial Officer

March 26, 20244 min

Sun Life Financial Inc. is pleased to announce the appointment of Timothy (Tim) Deacon as Executive Vice-President and Chief Financial Officer, reporting to Kevin Strain, President and CEO, Sun Life, effective April 8, 2024. Mr. Deacon will become a member of Sun Life’s global Executive Team. He succeeds Manjit Singh, who is now President of Sun Life Asia. Mr. Singh will continue in his role as President of Sun Life Asia and as CFO until Mr. Deacon assumes his...

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