KBC Securities has received official approval from the Romanian Securities Commission to acquire full control of Swiss Capital, the second biggest independent broking company in Romania. The name of Swiss Capital will be changed to KBC Securities Romania. Swiss Capital was set up in 2002 and expanded to become a top-10 player in Romania, with a 3.4% share of the market. Swiss Capital is also the second biggest shareholder in the Bucharest Stock Exchange, with a stake of 1.8%. It employs 37 FTEs and has five regional offices. The acquisition of Swiss Capital will enable KBC Securities to further develop its Central and Eastern European home market.
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.