Trending...
- From the Racetrack to the Boardroom: Aston Martin and Aramco Formula One Partnership Accelerates Circle8 Group: (N A S D A Q: CIRC)
- Salestrics Releases Version 2.0 to Unify CRM, Business Email, and Operations on a Single Customer Graph
- DARPA Selects NRx Pharmaceuticals Defense Subsidiary for Contract Negotiations on FDA-Authorized SPARC-TMS Clinical Trial Advancing Mental Health Care
NEW YORK - ncarol.com -- Astor Capital Fund is in rumored talks to explore potential Saudi Bank Mergers. Banks named include Saudia Arabia's Alinma Bank
In a statement on Monday October 7th, 2019, CEO Thomas Mellon commented on the rumored merger talks, "We are open to any purchase that would expand our holdings in the Saudi market. In the initial phases we can confirm we have explored our connections globally and are weighing the potential gains promised through a potential merger. We believe a merger would benefit the company and our shareholders worldwide."
While some investors have expressed reservations and there has been no definitive announcement as of today, Mellon paints a beneficial picture for investors, his tone seemingly pointing toward a merger.
"I can't stress enough that this move would be beneficent to shareholders although I'm aware there has been some concern expressed. We honor that concern. But I'd like to add, the two banks will continue to operate independently until such a time that a full or partial buyout is announced and until such time when plans to fully integrate our products and services are complete – if and when that time comes."
More on ncarol.com
Adds Mellon: "A merger of this kind only bolsters our strengths in terms of capital and overall global offerings. These are two great banks. Astor Capital Fund is rife with history and Alinma has carved out a real reputation in the Saudi M&A niche. Enhanced capabilities created by the merger, serve to add to our collective legacies both in the United States and the Saudi Arabian market. Presently we have an ambitious, global vision for Astor Capital Fund, one that includes Saudi Arabia."
When asked for further comment on the target date of the merger, there was no additional public statement released. However, Mellon was quick to add a fine point to the rumored merger:
"We are delighted to be included in global merger talks, and to announce the growth of all global divisions at Astor Capital Fund," added Stefan Frederiksen, Managing Director, Europe. "And," says Mellon, "as an international bank, we continue to provide peak customer service to our elite investors and consumers, regardless of mergers and expansion plans. On the heels of the Alinma announcement, we shall also announce several more initiatives in 2020 that will demonstrate exponential growth and an increased presence globally attained over the last three years. It's a time of growth at Astor Capital Fund – we couldn't be more excited to share the news."
More on ncarol.com
Astor Capital Fund is an institutional and ultra-high net worth asset management firm. We specialize in providing independent financial advice and investment management services to a wide array of institutional clients including family offices, foundations, official institutions, municipalities, endowments, and pension funds. We believe that supreme excellence lies in simplicity and efficiency therefore, in our investment strategies we utilize a straightforward and an uncomplicated approach. With this principle as a leading guide, we help institutions create the best possible decision-making framework through intelligent portfolio design and investment policy guidance.
Contact the Astor Capital Fund
In a statement on Monday October 7th, 2019, CEO Thomas Mellon commented on the rumored merger talks, "We are open to any purchase that would expand our holdings in the Saudi market. In the initial phases we can confirm we have explored our connections globally and are weighing the potential gains promised through a potential merger. We believe a merger would benefit the company and our shareholders worldwide."
While some investors have expressed reservations and there has been no definitive announcement as of today, Mellon paints a beneficial picture for investors, his tone seemingly pointing toward a merger.
"I can't stress enough that this move would be beneficent to shareholders although I'm aware there has been some concern expressed. We honor that concern. But I'd like to add, the two banks will continue to operate independently until such a time that a full or partial buyout is announced and until such time when plans to fully integrate our products and services are complete – if and when that time comes."
More on ncarol.com
- Boston Industrial Solutions, Inc. Introduces SAP-G70 Primer for bonding silicone to silicone and other materials
- 'Reflections: Enlightening Insights Into the Divine Mystery' — The Latest Book by Philosopher Steven Colborne
- Scott G. Hoy of Hoy Law Earns 11th Consecutive Super Lawyers Selection
- L2 Aviation Selected for U.S. Air Force KC-46 CASPER Multiple Award Contract
- Leeds Billboard Campaign Drives 188% Traffic Uplift as AI Enquiries Rise 266% for Loud! OOH
Adds Mellon: "A merger of this kind only bolsters our strengths in terms of capital and overall global offerings. These are two great banks. Astor Capital Fund is rife with history and Alinma has carved out a real reputation in the Saudi M&A niche. Enhanced capabilities created by the merger, serve to add to our collective legacies both in the United States and the Saudi Arabian market. Presently we have an ambitious, global vision for Astor Capital Fund, one that includes Saudi Arabia."
When asked for further comment on the target date of the merger, there was no additional public statement released. However, Mellon was quick to add a fine point to the rumored merger:
"We are delighted to be included in global merger talks, and to announce the growth of all global divisions at Astor Capital Fund," added Stefan Frederiksen, Managing Director, Europe. "And," says Mellon, "as an international bank, we continue to provide peak customer service to our elite investors and consumers, regardless of mergers and expansion plans. On the heels of the Alinma announcement, we shall also announce several more initiatives in 2020 that will demonstrate exponential growth and an increased presence globally attained over the last three years. It's a time of growth at Astor Capital Fund – we couldn't be more excited to share the news."
More on ncarol.com
- Sister Files Lawsuit Against Georgia Funeral Home for Alleged Mishandling of Brother's Remains
- KeysCaribbean Resorts Offer Savings On Summer Vacations Now Through Aug. 31
- Crossroads4Hope Announces The Lipschutz Women's Fund
- Handmade Coverlet Returns Home to Piedmont Crossing
- AI, Drones, Defense & Explosive Growth: Why ZenaTech Is Emerging as One of the Most Compelling Technology Growth Stories (N A S D A Q: ZENA)
Astor Capital Fund is an institutional and ultra-high net worth asset management firm. We specialize in providing independent financial advice and investment management services to a wide array of institutional clients including family offices, foundations, official institutions, municipalities, endowments, and pension funds. We believe that supreme excellence lies in simplicity and efficiency therefore, in our investment strategies we utilize a straightforward and an uncomplicated approach. With this principle as a leading guide, we help institutions create the best possible decision-making framework through intelligent portfolio design and investment policy guidance.
Contact the Astor Capital Fund
Source: Astor Capital Fund Ltd
Filed Under: Business
0 Comments
Latest on ncarol.com
- Dynamic Dachshund Dog Goes Global: Remember Point Launches a New Bilingual Children's Book
- DARPA Selects NRx Pharmaceuticals Defense Subsidiary for Contract Negotiations on FDA-Authorized SPARC-TMS Clinical Trial Advancing Mental Health Care
- From the Racetrack to the Boardroom: Aston Martin and Aramco Formula One Partnership Accelerates Circle8 Group: (N A S D A Q: CIRC)
- NVM Pet Announces Leadership Transition, Promotes Next Generation of Executive Leadership
- U.N. Committee Reiterates Forced Psychiatric Detention a Human Rights Violation; CCHR Calls on the U.S. to Implement Protections
- Valgar LLC Launches The Briefing Room: Education Leaders
- New from Regal House Publishing, St. Ulphia's Dead, a dark comedy in the magical realist tradition
- New Novel WINCE Takes Unflinching Aim at American Gun Culture and Masculinity
- New Research Puts the Cost of Enterprise Decision Delay at $630 Billion a Year Across the Global 2000
- Cover Story about Matthew Cossolotto – Author of Harness Your PromisePower -- Published in July 2026 Enterprise World Magazine
- Lineus Medical Signs Partnership Agreement with DIMA MedTech to Support Expansion into Italy
- New Research: Deterministic Decompilation of Hermes Bytecode Back to Readable JavaScript
- Lionheart Holdings and KEO Energy Sign Letter of Intent for Proposed Business Combination
- First Flight Society Celebrates National Aviation Day 2026 on Wednesday, August 19th
- Marcus Christ Announces Singles: "The Hammer Goes Click" and "You Hate Me, I Hate You"
- Nina Simone and Samuel Waymon Music Scholarship Fund Opens 2026/27 Application Cycle
- Fatal FOMO May be Your Last Roll of the Dice
- Inlow Upholstery Offers Dining Chair Reupholstery for Cleveland County Homeowners
- Financial Visionary Kevin Foushee Expands Impact Through MTM LLC and Client-First Advisory Services
- Martin A. Sumichrast Joins Hawkeye Systems, Inc. as Chairman of the Board