Deutsche Bank Sold $4bn Holdings Quick to Escape Big Hit from Archegos

The sale was triggered after Archegos defaulted on margin loans. The bank also navigated the Wirecard AG accounting scandal well (one of Germany's largest accounting scandals) by hedging their exposure,

Big Block Trades Signal Sell-Off Linked to Family Office Archegos run by Bill Hwang

An approximate $30bn of block trades executed through GS, MS and Deutsche Bank is believed to be linked to family office of Bill Hwang. Tencent, Baidu and GSX (Chinese EdTech) were among the names sold. Bill previously founded and managed Tiger Asia Management in 2001 converting his fund into a family office in 2013, following insider trading charges in 2012.

Who is Lex Greensill of Supply Chain Finance Fame?

Lex Greensill founded Greensill Capital in 2011 in Norwich, England.  The company, focused on supply chain finance and derivatives, and backed by Softbank's Vision Fund, filed for insolvency protection on 8 March 2021.

UBS Quits Darktrace IPO

UBS has quit cyber-firm Darktrace's proposed £4bn IPO citing compliance reasons.  

Mike Lynch, a founding investor in Darktrace, faces possible extradition to the United States, over HP's write-down on the takeover of Autonomy, the company he founded. An ex-Natural Sciences graduate, he currently runs Invoke Capital.

Darktrace has offices in San Francisco and Cambridge, UK. Its management team is led by Poppy Gustaffson (former CFO and qualified Chartered Accountant). Its clients include William Hill and AIG.

LaSalle Investment Management's Encore+ Aims to "set new standards" in Sustainability

Encore+ will work with Accumulata Real Estate Group to build a seven-floor hybrid timber office block, in Munich's Westend district, on a site acquired in 2019, on Elsenheimerstrasse. It will include an environmentally friendly building management system. Key players include David Ironside at Encore+ and Daniel Manta, project manager at Accumulata.

Bharti Global and UK Government Take Control of OneWeb Satellite Company

The formerly bankrupt OneWeb satellite company is now owned principally by Bharti Global and the UK government. $1bn of new equity has been injected into the company.  

Neil Masterson, formerly co-COO of Thomson Reuters, where he spent 20 years, is the new CEO, and returns from New York to London for this role.

UBS Starts New Fintech Fund - Invokes Anthemis as Chief Investment Assistant Officer

On 27 October 2020, UBS announced its new fintech fund, UBS Next, which will be tasked with investing $200m in early stage startups. It will play to internal modernisation efforts within UBS.

Sabine Keller-Busse, who joined UBS in 2010 and is now UBS Group COO, is an Ex-McKinsey Partner and alumna of the University of St Gallen. She stated that the move will keep UBS at the "forefront of the digital movement".

Mike Dargan, Group Head of Technology for UBS, also added supporting words.

UBS Next will utilize a partnership with Anthemis to help identify up-and-coming fintech startups and boost deal flow. 

Sean Park, a co-founder (and Chief Investment Officer) of Anthemis, with a passion for skiing, was a founding investor in Betfair (now integrated from a corporate standpoint with Paddy Power and known as Flutter Entertainment PLC).