On Thursday, Shares of JPMorgan Chase & Co. (NYSE:JPM), lost -0.87% to $ 67.48.
JPMorgan Chase & Co., declared the addition of Don MacQuattie to its U.S. Funds team as Head of Defined Contribution for Global Planned Relationships (GSR). In this capacity, he will lead GSR’s sales and service efforts to deliver defined contribution (DC) solutions across all U.S. Funds’ distribution channels – counting wealth administration firms, independent broker-dealers, RIAs, insurance/sub-advisory firms, record keepers, and banks & trust companies – reporting to Robert Stark, Head of Global Planned Relationships.
“DC already represents a noteworthy portion of our U.S. Funds business and will play an even more important role going forward,” said Robert Stark, Head of Global Planned Relationships, U.S. Funds, J.P. Morgan Asset Administration. “Don’s industry experience and deep understanding of the opportunities and challenges that our DC clients face will assist us sharpen our focus, accelerate momentum, and continue to drive a comprising client experience. With his leadership, we look forward to further strengthening our presence in the DC space.”
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Shares of Platform Specialty Products Corp (NYSE:PAH), declined -1.48% to $ 25.25, during its last trading session.
Platform Specialty Products Corp, declared the pricing of an underwritten public offering of 15,849,056 shares of its common stock at a public offering price of $26.50 per share. The gross proceeds to Platform from this offering are predictable to be about $420 million, before deducting underwriting discounts and commissions and offering expenses payable by Platform. Platform has granted to the underwriters a 30-day option to purchase an additional 2,377,358 shares of its common stock. All of the shares of common stock to be sold in the offering are to be sold by Platform. The offering is predictable to close on or about June 29, 2015, subject to customary closing conditions.
Platform intends to use the net proceeds from the offering to fund working capital and future acquisitions counting, if consummated, a portion of the consideration and related fees payable in connection with the formerly-declared acquisition by Platform of the Electronic Chemicals and Photomasks businesses of OM Group, Inc. (the “OMG Acquisition”). If accomplished, the OMG Acquisition is predictable to close in two parts, with the first closing predictable to occur during the third quarter of 2015 and the second closing predictable to occur during first quarter of 2016, in each case, subject to customary closing conditions. The closing of this offering is not conditioned on, and is predictable to be consummated before, the closing of the OMG Acquisition.
Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, Asia, and Europe. The company’s Performance Materials segment manufactures and markets plating products that are used to plate holes; final finishes, which are used on printed circuit boards; circuit formation products to promote adhesion and form circuit patterns; oxides that are used in the fabrication of multilayer circuit boards; and pre-treatment and cleaning solutions.
Finally, HSBC Holdings plc (ADR) (NYSE:HSBC), ended its last trade with 1.07% gain, and closed at $ 45.17.
HSBC Bank USA, has designated Pablo Sanchez Head of Retail Banking and Wealth Administration, effective June 1, 2015. In this New York City based role, Sanchez leads the U.S. Retail Banking and Wealth Administration business, counting Mortgage and Insurance, with oversight responsibility for the same business in Canada.
Patrick Burke, President and Chief Executive Officer, HSBC USA, said: “Pablo’s proven leadership skills and retail banking experience will be invaluable as we focus on further developing our Premier, Advance and Wealth Administration offerings and expanding the customer base.”
HSBC Holdings plc provides banking and financial products and services. It operates through four businesses Retail Banking and Wealth Administration, Commercial Banking, Global Banking and Markets, and Global Private Banking.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
