World Leaders Call for Action on AI and Regional Reforms

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The 2025 Annual Meeting of the World Economic Forum took place this week, with world leaders emphasizing regional reforms and the application of artificial intelligence. The event was not immune to the words and actions of Donald Trump. In fact, several sessions included discussions and reflections on the potential economic effects of the new U.S. administration.

For example, during Tuesday’s session, European Commission President Ursula von der Leyen responded to growing threats of tariff policies and anti-climate measures from the U.S. president. According to Banca March analysts, Von der Leyen reaffirmed the European Union’s commitment to remaining an open bloc willing to cooperate with international partners, advocating for an open approach in contrast to U.S. protectionism.

“She described the bloc’s strategy, which will be based on negotiation, while also stressing the importance of defending the EU’s principles, interests, and values,” they noted.

Banca March also highlighted that several international financial executives spoke during the sessions, pointing out a competitive advantage for U.S. banks due to their more lenient regulations. The CEO of Italian bank UniCredit stated that American banks are the real competitors. JP Morgan noted that Trump has created a very pro-business environment. The Vice President of BlackRock argued that Europe needs a wake-up call on regulation. In contrast, the CEO of UBS took the opposite stance, opposing widespread deregulation for large banks.

Regarding other industries, the CEO of pharmaceutical company Novartis downplayed concerns about Trump’s stance on vaccines and other health policies, calling such worries “exaggerated.”

Environmental Commitments

One of the most significant announcements was the creation of the world’s largest tropical forest reserve, the Kivu-to-Kinshasa Green Corridor Reserve, which will protect over 550,000 square kilometers of forest across the Congo River Basin.

“This historic and unprecedented initiative will not only transform our natural landscapes but also improve the livelihoods of millions of our citizens,” said Democratic Republic of Congo (DRC) President Félix-Antoine Tshisekedi Tshilombo. He added that the project goes beyond environmental preservation, incorporating economic development as well.

Meanwhile, Malaysian Prime Minister Anwar Ibrahim expressed optimism about ASEAN’s future and Malaysia’s role in it.

“The spirit of collaboration and solidarity among ASEAN leaders is unique,” he said, highlighting the regional integration in green energy that has contributed to Malaysia’s rise as a high-tech manufacturing hub.

He emphasized that while the U.S. remains Malaysia’s largest individual investor, its economic ties with China are expanding.

“We don’t go to war or make threats; we discuss, we get a little angry, but we focus on economic fundamentals and move forward,” Anwar stated.

AI and Technology

UN Secretary-General António Guterres issued a strong warning about two growing global threats: the unchecked expansion of artificial intelligence and the climate crisis. He described these issues as unprecedented risks for humanity, requiring immediate and unified action from governments and the private sector.

On AI, Guterres acknowledged its immense potential but cautioned against leaving it unregulated. He emphasized the need for international collaboration, referencing the UN’s Global Digital Compact as a framework for responsible digital technology use.

“We must work together to ensure that all countries and people benefit from AI’s promise and potential to support social and economic progress,” he said.

He also urged the private sector not to backtrack on climate commitments and called on governments to deliver on their promise to introduce new, economy-wide national climate action plans this year.

Meanwhile, Spanish Prime Minister Pedro Sánchez called for a reform of social media governance across the EU to combat disinformation and cyberbullying.

He urged for stronger enforcement of the Digital Services Act and the expansion of the European Centre for Algorithmic Transparency’s powers.

“The values of the European Union are not for sale,” he emphasized, calling for increased funding to research social media algorithms and ensure that Europe’s brightest minds address this critical challenge.

Geopolitics and International Relations

The Davos meeting coincided with the implementation of the ceasefire between Israel and Hamas.

Palestinian Authority Foreign Minister Varsen Aghabekian expressed cautious optimism, stating:

“Optimism is not an option; it is a necessity.”

She added that she hopes the ceasefire will lead to a more sustainable peace. Addressing the humanitarian crisis in Gaza, she stressed the need for immediate aid and long-term planning.

“We must ensure that aid reaches the people,” she insisted.

Meanwhile, weeks after the sudden collapse of Bashar al-Assad’s regime, Syrian Foreign Minister Asaad Hasan AlShaibani outlined the new government’s plans.

“We will not look to the past. We will look to the future. And we promise our people that this misery will not happen again,” he declared.

He pledged to respect women’s rights, reject sectarian divisions, and called for the removal of remaining sanctions.

“Thousands are returning to Syria and need to help rebuild the country. We are turning a new page… Syria must be a nation of peace.”

In a discussion with CNN’s Fareed Zakaria, Iranian Vice President for Strategic Affairs Javad Zarif expressed hope that a second Trump presidency would reconsider its withdrawal from the Joint Comprehensive Plan of Action (JCPOA), also known as the Iran nuclear deal, which Trump abandoned in 2018.

He suggested that a new Trump administration might take a more serious, focused, and realistic approach regarding the cost of withdrawing from the agreement.

“In terms of deterring Iran, [the withdrawal from the JCPOA] has failed. It has imposed significant economic costs on the Iranian people. Of course, the Iranian government is suffering, but the Iranian people—especially the most vulnerable—are suffering the most,” Zarif stated.

Private Equity Deals in the Healthcare Sector Reached $115 Billion in 2024

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This surge was driven by an increase in the number of large-scale transactions. In total, five deals exceeded $5 billion, compared to two in 2023 and one in 2022. North America remains the largest market, accounting for 65% of global deal value, while Europe and Asia-Pacific represent 22% and 12%, respectively. Deal volumes remained stable relative to historical levels, with a wave of activity in North America and Europe offsetting a 49% decline in deal volume in Asia-Pacific since 2023. These are some of the key findings from Bain & Company’s Global Healthcare Private Equity Report 2025.

For Cira Cuberes, partner at Bain & Company, the private equity market in the healthcare sector made a strong comeback last year, largely due to an influx of large-scale transactions, particularly in the biopharmaceutical space. “We also observed a resurgence of deals in the health technology sector. Looking ahead to 2025, we expect LPs to continue backing mid-market fund managers due to their strong returns and sector expertise. The smartest strategy for investors will be to focus on opportunities arising from spin-offs and incorporate value creation principles into their due diligence,” she commented.

In Europe, deal volume surpassed the peak reached in 2021, driven by a concentration of smaller deals in the first half of the year. The biopharmaceutical and medical technology sectors were two of the key drivers in 2024, as companies acquiring assets in these industries can easily expand them across the regions in which they operate. Bain remains optimistic about the European market, citing strong acquisition volume growth and a stabilizing macroeconomic environment. The firm anticipates continued momentum in deal activity and sees potential for more mega-deals.

The biopharmaceutical sector continues to lead healthcare deals in terms of total value, thanks to several major transactions in 2024. Despite the record deal value in biopharmaceutical buyouts, global deal volume in the biopharmaceutical tools and life sciences sectors declined by 5% and 10%, respectively, since 2020 in terms of compound annual growth rate (CAGR). Several factors contribute to this trend, including the struggle between buyers and sellers to align sale prices and a reduction in pharmaceutical services spending following a sharp decline in U.S. biopharmaceutical private equity funding.

Healthcare IT Dealmaking Rebounded in 2024

Several factors contributed to the resurgence in healthcare IT deals. First, providers—facing financial pressures and changes in reimbursement models—are investing in core systems to boost efficiency. In response, private equity firms are increasingly investing in assets that support workflow improvements. Additionally, payers—seeking to enhance payment integrity—are investing in advanced analytics. At the same time, biopharmaceutical companies are modernizing clinical trial IT infrastructure to accelerate and improve drug development in an environment of tighter funding and stricter regulatory requirements.

Four Trends Reshaping the Healthcare Private Equity Landscape

Mid-market funds continue to innovate: Historically, healthcare-focused mid-market funds have outperformed the broader market, benefiting from ongoing innovation and evolving investment strategies. They have also managed to sustain both asset acquisition and exits since 2020, even as the broader healthcare buyout market struggled. This strong performance has led to robust fundraising. Since 2022, mid-market funds with healthcare exposure have raised approximately $59 billion, exceeding fundraising levels from the previous three years by about 40%. While they have traditionally focused more on provider assets, mid-market private equity firms have expanded their scope to include healthcare IT and provider services while maintaining a strong presence in biopharma and medical technology.

Spin-offs unlock value in a competitive market: Despite year-to-year variability in deal activity, healthcare spin-offs have followed an upward trajectory since 2010, driven by a combination of public companies aiming to enhance shareholder value and private equity firms eager to acquire high-value assets. Successful spin-offs allow public companies to improve margins, focus on revenue growth, and reduce leverage and complexity. They also create opportunities for private equity firms to acquire overlooked assets with significant value-creation potential under new ownership. Given the reduced level of sponsor-to-sponsor deals since the 2022 peak, the combination of spin-offs and corporate deals has attracted a diverse range of investors looking to deploy capital into scalable healthcare assets with strong value-creation potential.

Maximizing exit value is a strategic imperative: Private equity exit deal volume in healthcare remained low in 2024—41% below its 2021 peak—as high interest rates and valuation mismatches between buyers and sellers extended holding periods and limited funds’ ability to return capital to their LPs. Historically, multiple expansion has driven nearly half of total deal returns, but this lever is unlikely to sustain returns to the same extent in the coming years. To execute a successful exit strategy, sellers must take an objective view of asset performance and trajectory while having a plan for future value creation. Buyers who integrate value-creation principles into their pre-acquisition diligence gain a competitive advantage.

Asia-Pacific investment has evolved: Private equity firms are expanding their investments beyond China in the Asia-Pacific region, where deal value has grown at an approximate 21% CAGR since 2016. However, deal volume in the region has declined significantly since 2023 due to a slowdown in Chinese transactions, a shift in deal volume to India, Japan, and South Korea, and increased competition from strategic players eager to pursue M&A. India, in particular, is emerging as a compelling alternative to China for dealmaking, given its expanding middle class—driving healthcare demand—and strong economic growth. Japan and South Korea are also seeing accelerated deal volume, fueled by favorable macroeconomic factors and an aging population with increasing healthcare needs.

“We are optimistic about the outlook for private equity in the healthcare sector in 2025, especially as deal multiples begin to stabilize, enabling better alignment between supply and demand, and as a growing base of tradable assets presents new opportunities. Lower interest rates in the U.S. and stable economic growth in regions like Japan and India indicate favorable investment conditions. Looking ahead, the accumulation of assets in private equity portfolios, along with increasing LP pressure for liquidity, suggests an imminent rise in sponsor exits,” concludes Cira Cuberes, partner at Bain & Company.

iCapital Introduces Advanced Portfolio Construction Solutions for Wealth Advisors

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iCapital has introduced significant upgrades to its iCapital Architect portfolio construction tool, making it easier for financial advisors to integrate alternative investments into client portfolios. These enhancements were created to streamline the portfolio design process, offering advanced analytics and educational resources to support advisors in meeting their clients’ evolving financial goals. 

“Tools like Apollo Allocation Pro, powered by iCapital Architect, are critical to educating and empowering financial advisors as they seek greater diversification and excess return on behalf of their clients,” said Apollo’s Stephanie Drescher, Partner and Chief Client and Product Development Officer. 

Key features include a new white-label capability, allowing asset with wealth managers to offer iCapital Architect as an education product. A notable collaboration with Apollo has resulted in the launch of Apollo Allocation Pro, a valuable, customized version of the platform on Apollo.com. This tool enables advisors to create, compare, and stress-test public and private index portfolio allocations, enhancing decision-making. 

Additionally, the Portfolio Allocator feature helps advisors build portfolios tailored to client objectives, while the proposal tool simplifies portfolio sharing, improving client communications. Full integration with iCapital’s Multi-Investment Workflow further streamlines the alternative investment process. 

“Since launch, we’ve seen how powerful iCapital Architect is for advisors on our platform, regardless of where they are in the lifecycle of adopting alternative investments into client portfolios,” said Lawrence Calcano, Chairman and CEO of iCapital. 

Wells Fargo Reports Surge in Commercial Business Optimism

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Wells Fargo’s 2024 Q4 Commercial Business Sentiment Report reveals a significant rise in commercial optimism following the 2024 presidential election. In collaboration with Barlow Research Associates, the report shows a spike in the sentiment index to 112.9, up from 102.3 in Q3 2024, marking the highest levels in four years. 

The survey, conducted between November 15 and November 22, 2024, polled 307 commercial companies with annual revenues ranging from $10 million to $500 million. The results highlight increased confidence in business operations, demand for products and services, and the economy in the near and long term. 

With election uncertainties behind them, 51% of respondents expect the U.S. economy to improve over the next 12 months, and 63% foresee a stronger economy in the next five years. 

“The highly positive commercial sentiment recorded in Q4 was likely driven by the elimination of elections unknowns, which typically delay business decisions and tend to raise concern,” said Mary Katherine Dubose, head of Specialized Industries for Wells Fargo Commercial Banking. 

Key Findings from the Q4 Report: 

  • Business outlook: 29% reported their business is better off compared to 12 months ago, while 43% expect improvement in the next year. 
  • Economic outlook: 51% expect the U.S. economy to improve in the next 12 months, up from 22% in Q3. 
  • Top concerns: Inflation remains the top issue for 57% of businesses, followed by increased prices (70%) and reduced demand (49%). 

The Q4 report signals an optimistic outlook for 2025, with businesses poised for growth, driven by efficiency improvements and a stabilizing economic environment. 

UNTITLED Has a New Partner: Enrica Casagrande

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The law firm of Martín Litwak, UNTITLED, welcomed a new partner this January: Enrica Casagrande, who has been part of the firm’s team since its early days.

“Enrica was one of the first to join our firm in 2014, when we were a small team in Montevideo. Her strategic vision, leadership, and commitment were key to her growth alongside us. Since then, she has progressed from Managing Associate to Director of Trustees, and now, to Partner,” the firm announced in a statement.

Casagrande is a lawyer specialized in wealth structuring, international taxation, and fiduciary services. She holds a doctorate in law and social sciences from the University of the Republic of Uruguay.

Argentina’s VALO Absorbs Columbus and Strengthens its Financial Services Offering

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A recent CNV resolution authorized the merger of two players in the Argentine financial world: VALO, a firm specialized in investment fund custody and financial trusts, absorbs Columbus, a company with extensive experience in investment banking and capital markets.

“VALO has 24% of the investment fund custody business, is the leading trustee in the sector, and as a result of the merger, it is also a leader in the investment banking segment, both in mergers and acquisitions operations and in valuations and restructurings,” they announced in a statement.

Additionally, the firm is positioning itself in corporate banking with a service line designed to provide comprehensive support to companies seeking to enhance their growth.

“This strategic union not only expands the reach of our services but also strengthens and consolidates VALO as a key player in a constantly evolving financial system. We are going to take on a leading role in what’s to come in the market: in structuring debt issuances for both the private and public sectors, as well as in equity and stock placements. We have the people, the experience, and the clients to fill that role,” said Juan Nápoli, president of VALO.

The entities, which are already operating as a united and integrated company, offer comprehensive financial services for corporate and institutional clients. Current clients of both entities will now have access to a broader and more specialized portfolio of services, while new interested parties will find a fresh value proposition.

“The synergy we have achieved is revolutionary for the sector. With this merger, VALO becomes the most professional 100% corporate bank with the most comprehensive product offering in the Argentine market. Together, we can innovate faster, provide excellent service, and offer the most suitable business solutions for our clients. This merger not only strengthens our market position but also allows us to offer more efficient services with a highly specialized team in complex transactions,” explained Norberto Mathys, vice president and CEO of VALO, and Koni Strazzolini, former Columbus partner and newly appointed board member of VALO.

VALO (Banco de Valores S.A.) was founded in 1978 by the Mercado de Valores (MERVAL) and operates as a financial trustee and custodian of mutual funds. Following the merger by absorption of Columbus, it is now the only wholesale bank in the country offering a comprehensive proposal for corporate and institutional clients. Additionally, since 2020, VALO has been pursuing a solid growth strategy at the regional and global levels and currently has a presence in Uruguay, the United States, and Paraguay.

One in Five Pension Funds Lacks Liquidity in Adverse Scenarios

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Over the past decade, pension funds have increased their investments in private assets to enhance returns through the illiquidity premium. However, they are now reconsidering the potential liquidity risks associated with this strategy. According to a new global survey conducted by Ortec Finance, a specialist provider of risk and return management solutions for pension funds, nearly 18% of pension funds report not having enough liquidity to withstand adverse scenarios.

The study, conducted in the United Kingdom, the United States, the Netherlands, Canada, and the Nordic countries, surveyed senior executives from pension funds managing a total of $1.451 trillion in assets. It found that, in addition to the 18% reporting insufficient liquidity, another 62% believe they have enough liquidity for most scenarios but acknowledge that extreme situations could pose challenges. In contrast, only 20% say they have no liquidity concerns.

Fund managers identify both short- and long-term risks, with long-term liquidity risk being the primary concern among respondents. About 60% cite this as the main risk facing the funds they manage, while 25% consider short-term liquidity risk to be the most significant. Only 15% believe that short- and long-term risks are roughly equal.

The increase in exposure to private assets is part of the reason behind liquidity concerns, particularly among defined benefit (DB) pension schemes. Among the managers surveyed, 80% reported that unfunded commitment risk represents either a significant or moderate threat to the DB pension industry over the next three years. Overall, 25% of managers believe that unfunded commitments beyond the control of pension portfolio managers pose a significant risk, while 19% do not consider it a risk.

Despite these liquidity concerns, 58% of respondents state that liquidity is already well managed, and 28% believe other risks are more pressing. Meanwhile, 10% consider liquidity risk a priority, while 4% say it is not a major concern.

“Our study highlights the liquidity challenges facing pension funds, particularly given the unpredictability of projecting unfunded commitments and capital calls. To address this issue comprehens

Pension Funds Increase Private Asset Exposure but Face Growing Liquidity Concerns

Over the past decade, pension funds have increased their investments in private assets to enhance returns through the illiquidity premium. However, they are now reconsidering the potential liquidity risks associated with this strategy. According to a new global survey conducted by Ortec Finance, a specialist provider of risk and return management solutions for pension funds, nearly 18% of pension funds report not having enough liquidity to withstand adverse scenarios.

The study, conducted in the United Kingdom, the United States, the Netherlands, Canada, and the Nordic countries, surveyed senior executives from pension funds managing a total of $1.451 trillion in assets. It found that, in addition to the 18% reporting insufficient liquidity, another 62% believe they have enough liquidity for most scenarios but acknowledge that extreme situations could pose challenges. In contrast, only 20% say they have no liquidity concerns.

Fund managers identify both short- and long-term risks, with long-term liquidity risk being the primary concern among respondents. About 60% cite this as the main risk facing the funds they manage, while 25% consider short-term liquidity risk to be the most significant. Only 15% believe that short- and long-term risks are roughly equal.

The increase in exposure to private assets is part of the reason behind liquidity concerns, particularly among defined benefit (DB) pension schemes. Among the managers surveyed, 80% reported that unfunded commitment risk represents either a significant or moderate threat to the DB pension industry over the next three years. Overall, 25% of managers believe that unfunded commitments beyond the control of pension portfolio managers pose a significant risk, while 19% do not consider it a risk.

Despite these liquidity concerns, 58% of respondents state that liquidity is already well managed, and 28% believe other risks are more pressing. Meanwhile, 10% consider liquidity risk a priority, while 4% say it is not a major concern.

“Our study highlights the liquidity challenges facing pension funds, particularly given the unpredictability of projecting unfunded commitments and capital calls. To address this issue comprehensively, funds should focus on scenario modeling and stress testing. Modeling capital calls and private asset distributions can help funds understand their potential liquidity constraints in worst-case scenarios over the next five, ten, or twenty years,” says Marnix Engels, Managing Director of Global Pension Risk at Ortec Finance.

Thornburg Launches Its First Active ETFs

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Thornburg Investment Management, a global investment firm, has announced the launch of its first two exchange-traded funds (ETFs): Thornburg International Equity ETF (Nasdaq: TXUE) and Thornburg International Growth ETF (Nasdaq: TXUG).

“We are very excited to enter the ETF market and provide clients with an additional way to access our investment solutions,” said Mark Zinkula, CEO of Thornburg. “Each of these new ETFs reflects our long-term commitment to meeting client demand for solutions with an active, fundamental investment process and a high-conviction approach.”

Thornburg International Equity ETF is managed by Lei Wang, CFA, and Matt Burdett, while Thornburg International Growth ETF is overseen by Sean Sun, CFA, and Nicholas Anderson, CFA. Thornburg International Equity ETF seeks long-term capital appreciation, whereas Thornburg International Growth ETF focuses on long-term capital growth. Both funds primarily invest in equities from non-U.S. developed markets.

For over 42 years, Thornburg has been a recognized leader in equity, fixed income, and multi-asset investing. In the coming months, the firm plans to launch two fixed-income ETFs: Thornburg Core Plus Bond ETF (Nasdaq: TPLS) and Thornburg Multi-Sector Bond ETF (Nasdaq: TMB).

“Thornburg’s ETF strategies offer investors flexible, transparent, and efficient opportunities to build and diversify their portfolios,” said Jesse Brownell, Global Head of Distribution. “Building Thornburg’s ETF platform represents significant human and capital investments to ensure that our infrastructure is scalable and successful for our clients,” he concluded.

Thornburg Investment Management manages $45 billion in assets, including $44 billion in managed assets and $1 billion in advised assets as of December 31, 2024.

U.S. RIAs Reached Record-High Mergers and Acquisitions in 2024

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The U.S. Registered Investment Advisor (RIA) industry reached a record 272 mergers and acquisitions (M&A) transactions in 2024, according to DeVoe & Co.’s fourth-quarter report. The numbers were record-breaking for the year, quarter, and most active month in history, with higher levels of private equity participation.

“This historic level of activity provides significant momentum heading into 2025, after nearly three years of steady deal flow,” states the report by the San Francisco-based consulting firm. In its conclusions, the report projects that “merger and acquisition activity will steadily increase over the next five or more years, barring any unforeseen events.”

RIA M&A activity remained slightly above 2023 levels from January to September 2024, making it seem unlikely that the 2022 record would be surpassed. During 2022, industry merger and acquisition activity maintained a steady pace of around 60 transactions per quarter, which continued for 11 quarters. However, 2024 ended with a record-high quarterly mark of 81 transactions, pushing the year into record territory. October was a decisive month, with 39 transactions, nearly doubling the 21 transactions recorded the previous year and surpassing the previous monthly high.

“This momentum is likely to continue into the new year, and the industry may once again be on track for a steady increase in mergers and acquisitions in the future,” said David DeVoe, founder and CEO of DeVoe & Co.

Rate Cut Momentum

According to the report, on the buyer front, the increase in activity was primarily driven by interest rate cuts that began in September 2024. Lower capital costs, implications for debt ratios, and the expectation of more cuts in the future resulted in highly leveraged acquirers easing financial constraints.

On the seller side, post-election market gains boosted valuation expectations and delayed any willingness to explore potential sales.

The fourth-quarter increase in private equity-backed buyer activity was also evident in their participation in transactions. Private equity firms were directly or indirectly involved in a record 78% of all RIA transactions in the fourth quarter of 2024, a significant increase from 69% participation in the first three quarters of the year. Announced acquisitions by major players such as Beacon Pointe, Cerity Partners, and Waverly Advisors exemplify this increase.

Shift in Buyer Dynamics

According to the report, the fourth quarter saw a change in buyer dynamics. RIA buyers captured 36% of total transactions in 2024, up from 29% in 2023, while consolidator activity fell to 44% during the year, down 3 points. The “other buyers” category (private equity firms, broker-dealers, banks, and all other RIA buyers) slightly declined, representing 20% of all transactions, compared to 24% in 2023.

DeVoe & Co. Methodology

DeVoe & Co. focuses on transactions of $100 million or more in assets under management to optimize the statistical accuracy of its reports and excludes SEC-registered hedge funds, independent broker-dealers, mutual fund companies, and other firms that do not operate as traditional RIA firms.

Bolton Global Unveils Its Logo on the Four Seasons Tower in Miami

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Bolton Global Capital installed and illuminated its logo on the Four Seasons Tower in Miami, highlighting its ongoing growth and leadership in the financial sector.

“The Four Seasons name is synonymous with excellence in the hospitality industry, just as the Bolton brand is in international wealth management,” the company stated in a release.

“This moment is a tribute to the incredible journey that Bolton Global Capital has embarked on over the past 40 years. It is especially meaningful to celebrate this milestone by honoring our founder, Ray Grenier, whose vision and leadership laid the foundation for everything we have achieved,” said the firm’s new CEO, Steve Preskenis.

Founded in 1985, Bolton Global Capital has grown into a premier independent brokerage firm, providing extensive resources and support to a national and international network of financial advisors. The installation of its logo on the Miami tower is “also a bold statement of its future in the wealth management sector,” the company added.

“Ray’s commitment to empowering financial advisors and his dedication to making Bolton a top-tier brand in international wealth management continue to inspire us every day,” Preskenis emphasized.

The Four Seasons Tower is the premier office complex in one of the world’s fastest-growing financial hubs.