KBC is reorganizing its Central European equities businesses to bring them under the umbrella of KBC Securities, KBC’s brokerage in Belgium. KBC Securities has now concluded a deal to acquire Kredyt Bank Investment Brokerage House from Kredyt Bank, KBC’s Polish banking subsidiary, giving KBC Securities its own brokerage business on the Polish market. This acquisition fits in with the existing strategic repositioning of Kredyt Bank, which has chosen to focus on its core banking activities in Poland, and further emphasizes KBC’s commitment to the Polish market. As the acquisition is taking place within the KBC Group, it will have no effect on the Group’s results.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.