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With Daniel Lippman
Edelman has acquired strategic consultancy Basilinna as the firm looks to grow its international presence even further.
Deborah Lehr, Basilinna’s chief executive, will run the newly launched
Edelman Global Advisory as managing partner and CEO. The new venture will incorporate Basilinna’s specialization in China and Middle East markets. Basilinna’s
Leigh Wedell and Edelman’s
Gurpreet Brar will round out EGA’s leadership team as co-chief operating officers and managing principals, helping oversee a $10 million investment from Edelman for hiring and expanding into new markets to advise governments, businesses and nonprofits.
4 Min Read
HONG KONG/LONDON (Reuters) -Standard Chartered PLC reported a higher than expected 57% jump in first-half profit and $350 million worth of shareholder payouts, but a fall in revenue showed the longer-term struggle ahead for the bank.
FILE PHOTO: A logo of Standard Chartered is displayed at its main branch in Hong Kong, China, Aug. 1, 2017. REUTERS/Bobby Yip/File Photo
StanChart announced a $250 million share buyback and resumption of interim dividend payments worth 3 cents per share, or $94 million in total, joining other banks in rewarding shareholders after year-long regulatory curbs on payouts were removed last month.
However, its income fell 5% thanks to low interest rates, which the bank said it hopes are bottoming out, and due to declining revenue in its cash cow transaction banking business.