Gareth Henry Explains Why The Private Equity Space Is Growing

Gareth Henry has worked in the private credit space for the past 13 years. Among his top positions are working as the head of global investors relations for two multinational financial firms, Fortress Investment Group, and Angelo, Gordon & Company. His college degree was actuarial math which he says has enabled him to understand complex financial transactions and investments. He is also deeply experienced with alternative asset investing. This experience has allowed him to raise substantial amounts of capital for the firms he has worked for.

He says that the private credit sector of the economy has been doing pretty well for itself for the past few years. Gareth Henry chalks this up to a few factors that are at play. First, banks have become much more heavily regulated since they nearly brought down the entire global economy in 2008. This means that they have had to cut back on the amount of money they lend out, especially when it comes to mid-cap sized firms. The second reason is that all public companies have been cracked down on by regulators to some degree. There had been too many accounting scandals and other types of financial issues going on so they now have to issue an increasing amount of public disclosures about their business practices.

Third, Gareth Henry says that another issue is that publically traded firms have to issue quarterly reports. A consequence of this is that shareholders, and thus the executives of publically traded companies, take far too much of a short-term view on revenue and profit. This means that they don’t focus on the long run which can have a serious impact in the future. Gareth Henry is originally from Scotland. He moved to London to start his professional career as it is one of the main financial centers in the world. After working in London for several years he moved to New York when he joined Angelo, Gordon & Company. He has also worked for Schroders which is a money management company. Additionally, he has been an investment manager at a few firms such as Philadelphia’s SEI Investments.

Tony Petrello Impressive Track Record At Nabors Industries

Tony Petrello has made significant contributions to the growth of the oil industry in the world. He is the person behind the development of American oil and natural gas drilling giant known as Nabors technology. This firm is the largest drilling technology company in the world. It is based in Texas and has operations in numerous locations around the world. Currently, it has ongoing work in 25 countries. There are multiple other locations where drilling rigs from this company are being used in drilling operations. The technology used by Nabors is the most advanced and has resulted in massive business opportunities.

Tony Petrello has been the difference that has been seen in the form between now and the last two decades. Since he joined the firm, it has been a continuous path of development. The company has been growing from one level to another consistently. It has proved that Petrello is a performer. Before he joined Nabors, it was just another company in the oil drilling sector, but after two decades in the firm now, it is the biggest firm in the world. Petrello has even become one of the top-paid CEOs in the country. To be a top-paid CEO in the country shows that your company is among the most profitable in the country.

Petrello joined Nabors Industries in 1991 as the COO. He later became the president of the firm. He worked in this position until 2011 when he was promoted to the position of the CEO. It is, however, his performance when serving as the CEO and President of the company that he created a good name in the management. His proposals to the management as well as effectiveness in streamlining the operations of the company to realize full benefits is what made him a top contender for the position of the CEO. He had already proved that he could lead the giant oil and natural gas drilling firm. Since 2011, he has proved why he deserved the job.

Nabors industries impressed in its post-2008 financial crisis performance. At a time when other firms had it rough and others even closing down, Nabors Industries was growing rapidly. The form was doing so well under the management of Tony Petrello. In fact, this is one of the periods when it made the largest profits. In 2015, Tony Petrello even joined the list of top-paid CEOs in the country because of the returns made by Nabors Industries.

Source: https://thereisnoconsensus.com/mathematics-law-business-charity-unique-american-dream-tony-petrello/

Luiz Carlos Trabuco Cappi; Change Can Be Positive

It is factual that the banking industry is not accustomed to change. However, with the unprecedented rising scale of transition that is sweeping across this industry, it requires tremendous internal agility alongside leadership for a banking organization to succeed. Therefore, change management is one of the critical aspects that every banking institution that is expecting transition should incorporate. As illustrated by the recent occurrences of transition in Banco Bradesco, change does not have to affect any institution negatively.

The Back Story

On the wake of October 2017, Brandao de Mello released a statement of his resignation. In it, he stated that he had reasons to believe he had served long enough and it was time to allow someone else to serve. For that matter, he was going to step down and instantly allow the directors to elect a new president. Moreover, historically, he was the longest-serving president. Therefore, it was only reasonable for him to give the serving opportunity to someone else. Furthermore, perhaps Banco Bradesco would do better with a leader from the rising generation. To make matters better, Brandao de Mello insisted that Luiz Carlos Trabuco Cappi takes over his position before a new leader was elected.

Transition

For that reason, Luiz Carlos Trabuco Cappi replaced Brandao de Mello temporarily. On the other hand, the board of directors discussed the eventuality of electing a new, vibrant CEO who would actively serve at the bank. Therefore, when they held their annual general meeting, they screened all the resumes and prepared the candidates for a test that would, later on, help them determine who the best future president for the bank was. After a few meetings, all candidates were interviewed. Later on, it was discussed that Octavio de Lazari was the base fit for the position.

Read more: Bradesco anuncia substituto de Trabuco

Why Octavio?

Besides having worked at Banco Bradesco for more than a decade, Octavio de Lazari had outstanding leadership qualities that were in line with the requirements of the job. For instance, he has been dedicated to growing the firm’s portfolio of services according to infomoney.com.br. Besides, he has also been serving as the vice president of Banco Bradesco. For that reason, it is evident that he grasped a few leadership skills from Brandao de Mello. Aside from that, Octavio de Lazari joined the bank at a very tender age. Therefore, it is only right to conclude that he has learned a lot since then.

What about Luiz Carlos Trabuco Cappi?

Just like Octavio de Lazari, Luiz Carlos Trabuco Cappi became part of Banco Bradesco when he was young. First working as an office clerk, he managed to garner a few management skills that contributed to his elevation. He graduated from University of Sao Paolo. Thereafter, he would be trusted to lead the bank in a more senior jurisdiction. As such, he continued to master the ropes of management. Even when coping was quite challenging at some point, he put in a lot of work to fix every aspect of the business. For that reason, he often received tremendous recognition from the management.

The Outline

Although the bank is going through some changes in leadership, it is clear that the process has injected some positive aspects to the organization. For that reason, even though Luiz Carlos Trabuco has to step down from the presidency, he still has a leadership docket to handle while serving the same clients at the bank.

Find more about Luiz Carlos Trabuco Cappi: https://oglobo.globo.com/economia/bradesco-anuncia-novo-presidente-octavio-de-lazari-junior-vai-substituir-luiz-carlos-trabuco-cappi-22365414#ixzz56wDld69g

Mike Baur Establishes A New Wave of Business In Switzerland

Mike Baur was 16 years old when he started his career at UBS Group AG, as an apprentice. One day, the personnel manager took him aside and showed him a chart which laid out his entire career up until retirement. From that day on he followed it to the letter, going from promotion to promotion until he found himself part of a group researching innovative ways to recruit wealthy investors.

 

The work he completed at the firm resulted in growth at a neck-breaking pace that is until the economy fell apart at the onslaught of the financial crisis. In 2008, when the Swiss government stepped in to save UBS, the firm turned their attention towards downsizing to stay in business. At this time in his career, Mike Baur left the firm to work for Clariden Leu. After six years he would decide that it was time to follow his aspiration and invest in the talent of startup businesses.

 

As Mike Baur built out his new company, Swiss Startup Factory, he found a lot of those who applied to his Accelerator Program were former bankers. This unexpected turn of events was due to an increased in regulations post-financial crisis and a number of scandals that came to light, which made the industry less attractive to those seeking long-term careers. As any good businessman would have it, this was an opportunity Mike Baur could not pass up. He developed methods to help these kinds of people realize their full potential beyond that of the banking sector in Switzerland.

 

The idea behind his new firm was to help startups grow into successful businesses, based on the ideas they already had in place. Mike Baur considered his position akin to that of a manufacturer that produced new companies instead of new products.

 

As Swiss Startup Factory evolved, it was ahead of any other as it remained highly innovative in its approach to support fledgling startups, but as a weakness, it was difficult to implement these strategies in ways that made it clear to investors in a professional manner the opportunities that were available with these new companies. With his eyes set on achieving their goals, Mike Bauer remains passionate and determined. He believes you can teach people what it takes to be an entrepreneur, but you cannot show them the mentality they need to be one.

 

No stranger to hard work, Mike Baur continues to push forward and become a positive force in impacting the ecosystem of businesses in Switzerland.

 

Eric Lefkofsky is Fighting Cancer Through Technology

Sometimes, when you are faced with an overwhelming problem with no easy solution, you have to be the one to find and fight for it. This is exactly what Eric Lefkofsky did when he created Tempus after his wife Liz was diagnosed with breast cancer. He was able to see first hand that the healthcare industry was woefully behind in technology compared to other industries despite electronic health records. This problem was not only frustrating, it was deadly. There needed to be a way to collect every last bit of data on a patient and their disease to streamline it into data that was not only accessible, but made sense.

Tempus doesn’t just aim to organize information, it wants to be able to mainstream the collection and use of the human genome by making it more affordable. Lefkofsky wants there to be less of a guessing game when it comes to finding the best medications and treatments for cancer and other daunting diseases. Tempus wants to create an operating system to manage and navigate disease treatment and the human body, this may seem like a lofty goal, but not an impossible one.

Eric Lefkofsky started with the humble beginnings of selling carpet at his alma mater, the University of Michigan, and has recently left his CEO position at Groupon (a company he co-founded) to focus on Tempus and philanthropy work. A video on Tempus’ website states, “We believe we can propel the next breakthrough in healthcare.” Lefkofsky thinks that out of all the changes big data and AI will make to the world, the impact on health technology will be one of the greatest and most rewarding.

In 2006, he and his wife established the Lefkofsky Family Foundation, a charitable organization that focuses on the community in Chicago and its surrounding areas. Eric Lefkofsky has given millions throughout the recent years to cancer research and treatment facilities, along with being a trustee for Lurie’s Children’s Hospital of Chicago. The Lefkofsky’s are so dedicated to their charitable work that they have become part of The Giving Pledge, a group of philanthropists that have pledged to donate at least half of their wealth during their lifetimes.

Details Eric: Facebook.com/eplefkofsky/

Whitney Wolfe Takes The Dating App Industry To New Heights

There is a lot of buzz in the air about the powerful company that Whitney Wolfe has created. She has become a super force in the social media arena, and even more people are starting to learn about her as she becomes a leader with apps like Bumble BFF and Bumble Bizz.

Bumble is definitely the app that people want to use if they are trying to expand their social circle. Whitney Wolfe is a young entrepreneur that really knows what she is doing when it comes to creating a successful platform for millennials to connect.

There are also middle-aged people that are becoming acquainted with Bumble as well. This shows that Whitney Wolfe has the ability to lure people of different age groups to Bumble. There is a great amount of respect for what Whitney Wolfe has been able to do when it comes to creating meaningful app technology that benefits a diverse group.

Whitney Wolfe definitely wanted to create a very interesting dating app, and she wanted to give women a voice with everything that she created. That is why the woman gets the chance to make the first move when it comes to the Bumble dating app. That is also the reason why she has spoken vividly about women in the business world when she talks about the Bumble Bizz app. She is definitely trying to bring more women into positions of power with the apps that she is creating. She knows that she is a rare commodity in the app world when it comes to leadership.

There are not a lot of people that have been able to crack the glass ceiling if they are females in the business arena. Women have always had a harder time than men when it came to getting into CEO positions. Wolfe knows this, and that is one of the main reasons that she has decided to create what she calls a feminist dating app.

The Dating App world is certainly changing, and Whitney Wolfe wants to be a catalyst for change. She always wants to change networking apps.