Investment Banking

Swiss Re’s latest sigma study reveals that natural catastrophes and man-made disasters in 2012 caused economic losses of USD 186 billion with approximately 14 000 lives lost.

The European Securities and Markets Authority (ESMA) has formally approved the certification in the European Union of Kroll Bond Rating Agency Inc. (KBRA) under Article 16 of the CRA Regulation. The certification takes effect from 20 March 2013.

ABB, the global power and automation technology group, has led a $12 million investment in Scotrenewables Tidal Power, a provider of tidal turbine systems, to support the rollout of a new hydrokinetic device and to expand ABB’s renewable energy assets.

Fitch Ratings has affirmed Denmark’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ’AAA’ with a Stable Outlook. Fitch has simultaneously affirmed the Short-term foreign currency IDR at ’F1+’ and the Country Ceiling for Denmark at ’AAA’.

Nomura, Asia’s global investment bank, today announced the appointment of Scott Litner as a Managing Director, Jason Meyer as an Executive Director and Richard Oates as a Vice President, increasing the firm’s US equity research distribution capabilities to clients across the Americas, Europe, the Middle East and Africa.