KBC has completed the acquisition of majority ownership (51%) of Baltic Investment Company (BIC). KBC announced on 2 July 2007 that it had reached agreement with the two owners of the company. BIC is headquartered in Riga and has offices in Latvia (Riga), Russia (Moscow), Ukraine (Kiev) and the Baltic States. Following the transaction, BIC will be renamed KBC Securities Baltic Investment Company. The Ukrainian subsidiary of BIC has been renamed KBC Securities Ukraine. By acquiring the majority stake in BIC, KBC Securities hopes to consolidate its position in the region and create a platform to expand into the Russian, Ukrainian and Baltic markets.
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.