More than 36 million Americans have filed for unemployment in the Coronavirus pandemic. Some predictions suggest we could see as high as 15-20% of our entire workforce unemployed before all of this is over.
The investor and corporate services provider IQ-EQ has expanded its family office line of business with a new “dedicated and holistic” branch.
UBS has named Michel Frey as head of GFO UK and GFO EM London, replacing Sofia Sool who moved to Deutsche four months after assuming the post.
The coronavirus pandemic has created unprecedented challenges for the global economy and businesses have been compelled to cope with challenges that a mere few months ago were simply unimaginable. Asset and Wealth Management firms are no exception to this economic anomaly. So how is this industry, that excels at problem solving, coping now that it is no longer ‘business as usual’ and as it faces ‘once in a generation’ economic challenges?
Multi-family, office and industrial segments continue to offer attractive returns, experts say
GameAbove Capital will back minority- and women-owned businesses with a focus on sustainability
Martin Stadler, CEO at Altoo, the developer of a wealth platform which focuses on connecting people, wealth, and related processes by leveraging the latest technology, says that his company has onboarded significantly more clients recently because of the current market situation which has seen highly volatile prices.
As of last Wednesday night, the SBA’s website reported that almost 4.5 million businesses had borrowed more than $510 billion under the Paycheck Protection Program. Many businesses are wondering whether they will survive through the gradual reopening of the economy.
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While the technology industry is notorious for its diversity problem, the energy sector has one too, albeit it’s less spoken about. In fact, women only hold 32% of the jobs in renewables and 22% in oil and gas, according to IRENA. And startups can help in redistribution, female founders only receive 2.7% of all venture capital investments as of 2019. In a space as capital-intensive as sustainability, it’s almost impossible to move the needle with such scarce resources.
While the pandemic has diverted filers’ attention, it’s never too early to plan ahead.
