Fintech PR
Newmark Hires Matthew Featherstone as Head of Debt & Structured Finance for the UK and Europe
Featherstone brings over 19 years of finance experience, enhancing the firm’s UK and European capital markets expertise and furthering Newmark’s talent expansion and unification strategy
NEW YORK and LONDON, Feb. 15, 2024 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, has hired Matthew Featherstone as Head of Debt & Structured Finance for Newmark in the United Kingdom (UK) and Europe. Featherstone will work collaboratively with Newmark’s UK & EMEA Capital Markets teams, including Newmark’s Head of London Office Markets Tony Gibbon, Newmark’s President for the UK Michael Lehrman, and John Rodgers, Head of the UK Capital Markets and Corporate Finance teams for Gerald Eve, a Newmark company. In addition, Featherstone will work closely with Charlie Foster who was recently hired by Newmark affiliate Cantor Fitzgerald Europe to head up the Real Estate Investment Banking group, bolstering Newmark’s debt and equity capital markets services in the UK and Europe.
Based in London at Newmark’s 84 Grosvenor Street office, Featherstone joins Newmark from CBRE, where he served as Executive Director, Debt & Structured Finance, Capital Advisors. With nearly 20 years of finance experience spanning various real estate subsectors, including heading HSBC’s Global Banking UK Real Estate division, Featherstone has executed over $75 billion of financing and loan origination transactions. Featherstone possesses a strong client base and a successful track record in origination, with expertise in advisory, capital markets, balance sheet funding and risk management solutions, and has executed financing transactions ranging from £50 million to £1 billion+. Featherstone graduated from the University of Durham with a Bachelor of Arts with Honors in business and finance and is a CFA Charterholder. His extensive knowledge and expertise in debt origination for private and public clients will play a significant role in advancing Newmark’s end-to-end capital markets services across the UK and Europe.
“Matthew’s and Charlie’s vast experience across the UK and European markets is integral to further enhancing our global capital markets strategy, fostering cross-collaboration and enriching our service offerings,” stated Lehrman. “Their expertise and complementary skill sets create a unique dynamic to drive greater connectivity, deal flow and client value.”
With 25 years of experience, Foster has a comprehensive background in real estate and corporate finance, with expertise extending across an array of sectors and leadership roles in international investment banking, capital markets, M&A and ECM and is well-versed in establishing, leading and managing a multi-disciplinary team that achieves significant transaction value market share. Prior to joining Cantor Fitzgerald Europe, Foster served as the Managing Director and Head of Real Estate, Europe at RBC Capital Markets, where he originated and executed M&A, ECM, private capital and DCM transactions directly, alongside product specialists and regional teams (Europe, US, Canada and Australia). In 2022, he ranked fourth in transaction value market share league table. Foster holds a Bachelor of Science degree with Honors and is a member of the Royal Institution of Chartered Surveyors.
Building out a platform of world-class professionals, Newmark’s unique position in capital markets continues to earn the firm significant assignments over the past year, including representing the Federal Deposit Insurance Corporation (FDIC) as the exclusive financial advisor in the largest loan sale in U.S. history, selling Signature Bank’s $60 billion loan portfolio1. Additionally, Newmark served as the Co-Lead Financial Advisor to Blackstone Real Estate Income Trust, Inc. on its sale of Simply Self Storage to Public Storage for $2.2 billion and raised $500 million from an institutional investor on behalf of Envision Cold to capitalize a new cold storage operating and development company and acquire cold storage operations and assets to build its network of facilities across North America. As loan advisory and other real estate investment banking services gain importance, Newmark is well-positioned to serve clients at the highest caliber.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of September 30, 2023, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
¹ The book value of the overall loan portfolio was approximately $60 billion when Newmark was retained as an advisor by the FDIC and approximately $53 billion when the Company began marketing the loans. For more information, please see various announcements, press releases, and other information on the FDIC website, including “FDIC Announces Upcoming Sale of the Loan Portfolio from the Former Signature Bank, New York, New York“, “SIGF-23 Sale Announcement $18.5 Billion All Cash Loan Sale“, “SIGCRE-23 Sale Announcement $33.22 Billion Commercial Real Estate Loan Portfolio“, “FDIC Signature Bank Receivership Sells 20 Percent Equity Interest in Entity Holding $9 Billion Rent-Stabilized / Rent-Controlled Multifamily Loans“, “FDIC Signature Bridge Bank Receivership Sells Five Percent Equity Interest in Entities Holding $5.8 Billion of Rent-Stabilized / Rent-Controlled Multifamily Loans“, and “FDIC Signature Bridge Bank Receivership Sells 20 Percent Equity Interest in Entity Holding $16.8 Billion of Commercial Real Estate Loans“.
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BEIJING, Nov. 28, 2024 /PRNewswire/ — A series of achievements was recently made at the Shanghai Jing’an “Global Service Provider Program” (GSPP) Promotion Conference and the 1st China Enterprise Globalization Development Professional Service Summit Forum held in Jing’an District of east China’s Shanghai.
A white paper on global service providers supporting Chinese enterprises to go overseas was released at the event, where the China office of the Globalization and World Cities (GaWC) published a report on the development index of Shanghai’s professional service industry.
The GSPP has so far included a total of 103 enterprises, after 11 companies were awarded as new members at the recent event.
In a bid to further expand the GSPP network, the Global Service Provider Council announced during the event to jointly establish the Go-Global Service Alliance with the Malaysian Chamber of Commerce and Industry in China, Shanghai Automotive Parts Industry Association, Shanghai Producer Services Promotion Association, Shanghai MedValley industrial park and Beijing-based risk warning agency ICOER.
Since the GSPP was initiated in 2019, Jing’an District has attracted a large number of high-level global service organizations.
The district, as a core cluster area of Shanghai’s professional service industry, hosts 39 out of 187 well-known professional service institutions worldwide, covering multiple fields including advertising, law, accounting, human resources and others.
A diversified professional service ecology has been formed in the district, driving a continuous increase in the number of regional headquarters of multinational companies and steady growth in foreign-related economic tax income.
Original link: https://en.imsilkroad.com/p/343321.html
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View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-multiple-achievements-made-at-promotion-conference-held-in-shanghai-302318153.html
Fintech PR
Xinhua Silk Road: Wuxi Economic Development Zone makes efforts to optimize business environment
BEIJING, Nov. 28, 2024 /PRNewswire/ — Wuxi Economic Development Zone has been continuously optimizing its business environment by introducing favorable policies and improving services in recent years.
Founded in 2019, the zone continues to build a “4+3+X” modern industrial system, featuring four leading industries of advanced manufacturing, integrated circuits, the Internet of Things (IoT), and software and information, three characteristic industries namely headquarters economy, convention and exhibition economy, and high-end trade, and various future-oriented industries such as commercial aerospace, humanoid robots, and artificial intelligence (AI).
Focusing on the modern industrial system, the zone has made efforts in improving a variety of services, such as providing resources and policy support, to deal with the challenges faced by major projects. Therefore, it ensures the smooth launch and early operation of projects by pooling resources across the region, which contributes to a better business environment.
In addition, to foster the growth of emerging industries, the zone has given full play to the role of financing, establishing a number of funds centering around high-end chips, AI, and other sci-tech sectors.
This year, the zone has carried out multiple economic and trade exchange events in Japan, the United States, France and Germany, visited leading enterprises in the fields of AI, robotics, intelligent manufacturing, etc., and promoted in-depth cooperation between the zone and other countries in the field of cutting-edge science and technology.
Wuxi Economic Development Zone has made significant breakthroughs in attracting investment in recent years, introducing major projects such as the State Power Investment Corporation’s energy storage project and Minospace’s satellite manufacturing base.
Original link: https://en.imsilkroad.com/p/343326.html
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BEIJING, Nov. 28, 2024 /PRNewswire/ –A news report from China.org.cn on China’s Shenzhen:
In September, Huawei unveiled the world’s first tri-fold smartphone for commercial use. With reactions like “So cool!” and “Amazing technology!” flooding social media, unboxing videos and reviews of this new device went viral across platforms worldwide.
The common turf that has nurtured the impressive brands like Huawei,BYD, and Mindray, is China’s Shenzhen. As a testing ground for China’s reform and opening-up, this city continues to be a fertile field for high-quality brand names to date. But how has it done this?
Most importantly, from my standpoint, Shenzhen holds itself to a religiously high standard when it comes to quality. Cognizant that quality represents the foundation of any brand, the city has entrenched its “quality first” philosophy across economic, social, and environmental facets.
Additionally, Shenzhen has aligned itself keenly with global development trends. Jiang Qingyun, Fudan University Professor observes that China has a unique edge in green industries like new energy and new materials, and that future “Made in China” products will embody the philosophies of “low carbon, environmental sustainability, and green innovation.” Shenzhen has already begun moving in this direction. Electric vehicles, lithium batteries, and solar cells—the “new trio”—are gradually becoming staples in Shenzhen’s exports.
Lastly, Shenzhen’s open, inclusive, and innovation-driven environment has been instrumental. Since the early days of reform and opening-up, adaptability and breakthrough innovations have been woven into the fabric of the city. By refraining from over-regulation, welcoming new ideas and supporting R&D, Shenzhen has created an equal playing field that makes businesses sufficiently willing, daring and able to innovate.
In over 40 years, Shenzhen has transformed from a “small fishing village” to the “capital of Chinese brands,” now home to 11 Fortune Global 500 companies. These companies, along with many other brands home to Shenzhen, are witnesses and contributors to the shift from “Made in China” to “Innovated in China” and “Quality-Driven in China,” pushing Chinese industries up the global value chain.
These brands are the products of Shenzhen’s unique ecosystem, the fruits of innovation in the reform and opening up, and representatives of China’s new quality productive forces. They symbolize the high standards embedded in “Quality in China.”
Video – https://www.youtube.com/watch?v=Ac1XQm5G96A
View original content:https://www.prnewswire.co.uk/news-releases/shenzhen-brands-made-in-china-innovated-in-china-and-quality-driven-in-china-302318104.html
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