Friday SWFI News Roundup, September 9, 2016
Private Iranian Banks Plan to Open in Munich
Sina Bank and Middle East Bank, two private Iranian banks, are opening up branches in Munich, Germany. Middle East Bank hopes to open its Bavarian branch by the end of 2016. Sina Bank was formed in 1985 and is listed under the Tehran Stock Exchange. Sina Bank, along with other Iranian banks, were under European Union sanctions in 2010.
Red Dot Capital Leads Round in Celeno Communications
Celeno Communications, an Israeli company that provides smart managed Wi-Fi chipsets and software technology, raised US$ 38 million from a Series round. The investment round was led by Red Dot Capital Partners, a fund backed by an enterprise unit of Temasek Holdings.
OTPP-Backed Deimos Asset Management to Shut Doors, Citing Challenging Fundraising Environment
Deimos Asset Management, a hedge fund that received anchor capital from the Ontario Teachers’ Pension Plan (OTPP) and a strategic investment from Ares Management LP, is shutting down. Deimos Asset Management had a cadre of former employees from Guggenheim Partners join the firm. The multistrategy hedge fund is closing its doors because of a challenging fund raising environment.
Charles Hatami Promoted to Head BlackRock’s Financial Markets Advisory Business
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