AllianceBernstein selects leading data platform Aiviq for client AUM and Flow Data Management

Key Insights and Signals in Banking & Financial Services

Centre Setup and Expansion
Carlyle Investment Group opens a new environmental office in Denver, Colorado 
The new location is expected to improve the group’s ability to respond to emergencies in a timelier manner and will welcome Andre Sparks as its manager. Andre Sparks brings 23 years of experience in environmental remediation projects to Carlyle Environmental Investment Group and has extensive project planning experience. Read More>>
Mass Hiring
Fidelity Investments continues hiring push in Denver, nationwide
The company hired more than 750 employees in 2022 for its regional office in Greenwood Village. It plans to hire at least 100 more in the first half of 2023. Although the stock and bond market declined last year, they increased hiring and spending on customer service, technology, and new products. Read More>>
AllianceBernstein selects Aiviq for client AUM and Flow Data
The company announced a multi-year deal with AllianceBernstein to provide client assets under management and flow data management products and services for A.B.’s international business. Both will share a culture of collaboration, partnership, and co-innovation. The Aiviq platform is a key pillar of A.B.’s global strategy to develop a data-driven sales capability. Read More>>
Merger and Acquisition
Global Payments to become Pavilion Payments
A private equity firm has agreed to acquire Global Payments Inc. ‘s gaming division and transition into Pavilion Payments, a stand-alone independent company. Pavilion Payments will continue to offer Global Payments Gaming Solutions’ full suite of payments solutions for the gaming industry. Completion of the transaction is expected by the end of March 2023. Read More>>
Credit Suisse will acquire The Klein Group for USD 173 Mn after the billion-dollar losses of 2022
The Klein Group LLC will receive capital from CS First Boston, an investment banking entity affiliated with Credit Suisse. Read More>>
Bank of America plans job cuts in its investment bank
The number of cuts, which are still being discussed, could affect less than 200 bankers globally and citing people familiar with the matter. Read More>>
AllianceBernstein cuts workforce by 4%
The company reported total assets under management of USD 646.4 Bn as of Dec. 31, 2022. They enter 2023 with an AUM base 17% below the prior year period, necessitating global cost reduction measures, including headcount reduction. Read More>>
ICICI Bank signs Memorandum of Understanding with BNP Paribas
The MoU establishes a framework of the partnership between the two banks for providing financial services to corporate customers operating in the India – Europe corridor. Read More>>
Executive Movements
Goldman Sachs AM global fixed income CIO to retire at the end of June after 26 years
He held several roles within the fixed-income franchise, including the global co-head of the business and the global head of emerging markets. Read More>>
Northern Trust appoints Gregory Irizarry as Senior Managing Director
He will lead a team of seasoned multi-disciplinary professionals focused on serving ultra-high-net-worth individuals and families in the South Florida market. During his 22-year career at Northern Trust, Irizarry has held several leadership roles, most recently serving as Senior Wealth Strategist and Manager. Read More>>
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Latest Industry Insights from Draup Braindesk

Digital Banking:
  • UBS Group intends to leverage digital technologies like Artificial Intelligence, Machine Learning, Big Data, Deep Learning, and the Internet of Things for Real-time Trade Monitoring and Algorithmic Trading. 
  • UBS Group’s partnership aims to accelerate UBS’s public cloud footprint and modernize its global technology estate to increase the speed of delivery and improve its digital experiences for clients and employees.
Business Expansion
  • UBS Group focuses on expanding its centers to provide businesses with additional finance, operations, research, and distribution capabilities and platforms for clients to improve services.
Investment Solutions
  • UBS Group plans to expand its digital product line with UBS Key4 Smart Investing, a smartphone-based digital investment solution that allows users to open a fund account, invest in, and manage selected funds. It is intuitively integrated with all online banking services.

Funding Alert

Goldman Sachs raises USD 5.2 Bn for new growth fund
The new fund will invest in early-stage, small companies and is one of the largest first-time growth equity funds. Goldman Sachs and its employees contributed USD 3.7 billion to the fund, which exceeded its initial fundraising goal. Read more>>

Startup Spotlight

Company –  Plooto
Total Funding  USD 26.15 Mn
About: Plooto is a payment management platform for small and medium-sized businesses that want to automate and streamlines their payments. Plooto enables businesses to send payments to anyone with an active bank account within 2-3 business days, and transactions are automatically reconciled with leading accounting software. The company was founded in 2015 and is based in Toronto, Ontario, Canada. Read more>>

Latest Reports Published in Draup

Experian Account Intelligence Report
The company focuses on digital transformation, frictionless online experience, digital pay slips, and cloud solutions to provide real-time insights to clients. Read More>>
State Bank of India – Account Intelligence Report
The Corporate / Wholesale Banking segment focuses on providing loans and transaction services to corporate and institutional clients and further includes non-treasury operations of foreign offices. Read More>>
BNP Paribas Account Intelligence Report
BNP Paribas S.A. aims to provide enhanced flexible usage-based financial solutions by leveraging a cloud-based subscription management platform through its partnership with Zuora. Read More>>
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