CIBC Innovation Banking, Smart | July 15, 2022
CIBC Innovation Banking is pleased to announce £40 million of growth financing for London-based Smart, a leading retirement technology provider. Smart will use the capital to expand its market growth, accelerate the launch of strategic products, and undertake acquisitions.
Smart launched in 2015 with the goal of making pension auto-enrolment and administration simple for businesses and their employees. The company has since expanded to work with financial institutions and governments across the world, including through its core technology platform Keystone.
“We’re delighted to have CIBC Innovation Banking support Smart, helping us accelerate our near-term growth ambitions, increase our presence in core markets, and roll out product initiatives to transform retirement across the world,” said Eoin Corcoran, Chief Financial Officer of Smart.
“We’re delighted to have CIBC Innovation Banking support Smart, helping us accelerate our near-term growth ambitions, increase our presence in core markets, and roll out product initiatives to transform retirement across the world,” said Eoin Corcoran, Chief Financial Officer of Smart. “Our technology is already helping more than a million people save and plan for retirement. We operate across four continents, and our growth plans will soon take us beyond ten million users. Our company is uniquely positioned to capitalise on the $62 trillion global retirement savings market, and this facility will strengthen our ability to do exactly that.”
“We’re thrilled to be supporting Smart as they continue to scale their offering for retirement technology to savers across the globe in partnership with financial services organizations, governments, and state legislatures,” said Sean Duffy, Managing Director in CIBC Innovation Banking’s London, UK office. “Smart and its team have provided solutions to more than 100,000 companies and we look forward to being part of their growth journey through the development of new strategic products.”
Smart is also backed by Legal & General, J.P. Morgan, Link Group, Natixis, Barclays, Chrysalis Investments, DWS Group, and Fidelity International Strategic Ventures.
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic advice, cash management and funding to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from start up to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, London, Menlo Park, Montreal, New York, Reston, Seattle, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking and capital markets businesses.
Smart is a global savings and investments technology platform provider. Its mission is to transform retirement, savings and financial well-being around the world. Smart partners with governments and financial institutions (including insurers, asset managers, banks, financial advisers) to deliver retirement savings and income solutions that are digital, bespoke and cost efficient. In addition to the UK, Smart operates in the USA, Europe, Australia and the Middle East with more than a million savers entrusting over £4 billion in assets to the platform.
Smart supports its clients with a 750 strong global team.
Legal & General, J.P. Morgan, the Link Group, Barclays, Natixis Investment Managers, Chrysalis Investments, DWS Group, and Fidelity International Strategic Ventures are all investors in Smart.
Regions Financial Corporation | July 08, 2022
Regions Bank on Wednesday formally announced the establishment and continued business growth of a Commercial Corporate Finance (CCF) team that is connecting business leaders with specialized resources, insights, and guidance on opportunities including ownership transitions, financing alternatives, and risk management. The team is led by Coulter Warlick, who joined Regions in 2021 to develop and launch this team.
“The Commercial Corporate Finance team is positioned to further enhance and expand Regions’ financing capabilities as we serve Commercial Banking clients with complex capital needs,” said Brian Willman, head of Commercial Banking for Regions.
“The Commercial Corporate Finance team is positioned to further enhance and expand Regions’ financing capabilities as we serve Commercial Banking clients with complex capital needs,” said Brian Willman, head of Commercial Banking for Regions. “Our work starts with building a deep relationship with the client, understanding their opportunities and challenges, and developing tailored solutions. This team works hand-in-hand with commercial bankers across our footprint to provide specialized experience and insights. It’s another way we are creating greater value for existing clients – and for prospects who can benefit from a more customized approach to banking.”
Additional focus areas for the CCF team include growth capital, management buyout needs, loan syndications, M&A opportunities, dividends, recapitalization and more. Warlick’s team provides guidance, structure, and support from concept through completion.
“Amid the current volatility in the economy, companies especially value a banking relationship that helps them navigate the issues of today while keeping their long-term objectives within reach,” Warlick said. “At Regions, our relationship-driven model of service aligns with the needs and preferences of today’s business owners and managers. Working with our commercial bankers, the Commercial Corporate Finance team can be a trusted source of additional guidance in helping business leaders with customized solutions to meet their financial goals.”
Warlick joined Regions from South State Bank, where he served as director of Middle Market Banking and developed a team of bankers serving mid-sized businesses throughout the Southeast. He previously worked at SunTrust Robinson Humphrey. Warlick began his banking career at BB&T in 2005.
Warlick earned a Bachelor of Arts in Economics from the University of North Carolina at Chapel Hill. He currently chairs the board of directors for Furman University’s Bridges to a Brighter Future Program Scholarship Fund. In addition, Warlick serves on the executive leadership team of the Alzheimer’s Association of Charlotte, and he recently completed service on the board of directors for Classroom Central, a nonprofit focused on serving teachers and students in Charlotte.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $164 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,300 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
Bank of America | June 27, 2019
Bank of America Corp. said on Wednesday it will no longer finance operators of private prisons and detention centers, joining peers in distancing itself from a sector that has triggered protests over the Trump administration's immigration policies. The bank gave no further comment. JPMorgan Chase & Co. and Wells Fargo & Co. made similar commitments to stop financing private prison companies earlier this year. Activism against the financing of private prisons has increased amid tightening immigration policies under President Donald Trump and concerns about detention conditions. Private detention centers account for about two-thirds of people held by U.S. Immigration and Customs Enforcement, S&P Global Ratings estimated last year.