Reasons Behing the Success of BMG’s Marcio Alaor

 

Brazil has been developing rapidly in terms of economic advancement making it among the most top performing nations in the world. This has led to the development of many banking institutions in Brazil offering affordable banking services to the larger population. In a recent development strategy, the BMG Bank president announced the joint venture initiative with Itaú Unibanco in provision of new payroll loans to individuals. This is geared towards ensuring many people and customers of the bank are able to access financing through using payrolls as collateral. This was agreed upon after three days of discussion between the BMG Executive Márcio Alaor and Roberto Setubal the Chief Executive Officer of Itaú Unibanco. The newly formed company has not yet developed the operational framework but it is in the process of resuming operation soon. The company being a joint venture is to start operating with an initial capital of 1billion dollars and the Itaú Unibanco is said to benefit a lot by getting 70 % of the shares and BMG Bank retaining the remaining 30%.

Márcio Alaor is optimistic that the company will succeed in the provision of the services. This is after the Itaú Unibanco in conjunction with BMG Bank partnered in bringing together over three million people on board. The BMG president is optimistic that as the new commercial director of the joint venture will deliver the organization into a successful entity. The two companies are geared towards making the company the most successful through BMG Bank contributing 300 million dollars while Itaú Unibanco contributing the remaining 700 million dollars respectively.

The two entities have a rich profile when it comes to the capital and financial portfolio. Itaú Unibanco has over R $ 10 billion while BMG has accumulated over 29billion dollars. This will act as the best capital base towards the development of the joint venture. This was originally reported on the Otempo Economia. This is according to the information on Otempo.com.br.

Márcio Alaor has developed interest in other fields like the transport sector and he recently outlined the best performing airlines in the world. He acknowledges that plains are the fastest and safest mode of transport across the world.

As a result, he outlined 15 companies that have performed well in 2015. Qatar Airline emerged the best due to the good and comfort conditions of the airlines. The company has over 158 aircraft and operates in many parts of the world. They also offer transport services in Brazil and the surrounding cities.

LondonEscape – The Premiere Booking Site For London Vacation Rentals

I spent a large part of my life dreaming of making it to London someday. I always wanted to experience the food, the historic sites and the art and culture. As much as I wanted to be able to take that London trip, it just never happened. Mostly because it was not an option with my budget. Then I came across LondonEscape, it totally changed the game for me. Compared to other booking sites I looked into, LondonEscape had by far the best prices.

Although LondonEscape is only an option for a place to stay, the price difference was so great that my husband and I were able to afford everything else for the trip. The lodging options were phenomenal. All I did was plug in the dates of our trip and how many people would be staying there, and a whole list of incredible options popped up. The places offered are not your average hotel rooms, but full apartments, duplexes and condos complete with kitchens and some even included gyms, pools, and other facilities.

When booking with LondonEscape, they did not require that I pay the full price up front, instead I only had to put a small down payment at the time of booking. I was informed that their office was staffed 18 hours a day, and that during that time should I have any questions, someone would be there to help me. They also had a handy online chat option that is also manned 18 hours a day.

When we made it to our destination, I could not have been happier. It was everything that the website said it would be and more. The site included detailed descriptions and pictures of our apartment, along with details about our location and what was in the area. I was still incredibly pleased with how true to the description the entire apartment and area was. We had an amazing stay and overall I could not have been happier with my experience with LondonEscape.

Sender Sends off Exis and 400 of His Private Collection

After a poor 2013 where Exis Capital only brought in 75 million, which by a hedge fund manager’s standards is poor, Adam Sender has decided to hang it up. Along with this turn of fortune for a once prodigious hedge fund manager who cut his teeth under the wing of Steve Cohen, notorious SAC Capital for allegedly bringing down Lehman Brothers in 2008, the Exis group began to take in water after a lawsuit from Fairfax Financial. The time was ripe for a big art sale. Adam Sender found that tables had turned on his fortunes and so parting with 400 of his fabulous young artists collection would be taking place over a year’s time.

During his rise to hedge fund stardom, starting in the 1990s Adam Sender began to purchase Contemporary Art from young artists who after graduating from art schools, around their second year as professionals, he enjoyed researching and choosing talented artist’s art works. Todd Levin had become very familiar with the 400 works that Adam Sender has chosen to sell from his massive collection of over 1000 pieces. He had been assigned the position of curator of the collection.

Sender’s ability to make value added trades in the hedge fund arena also extended to the art collection arena. He had purchased a number of works and sold 40 of them for $20 million dollars. The planned sale of 400 pieces of art is from Sender’s massive Contemporary Art Collection. It is predicted that based on the value of many of the paintings of 139 artists and a total of 400 works could raise $70 million dollars during the next 18 months that they will be on display.

Some of the works being considered are Sherman’s photo, “Untitled #93.” This could sell for as low as $2 million and as high as $3 million dollars, based on Sotheby’s estimates. These figures could arise because of the great interest in the pieces. There is great interest in John Baldessari’s painting “Commissioned Painting: A Painting by Edgar Transue,” This one was purchased in 2001 by Sender. It has a potential value of $2 million to $3 million dollars. Another work called “Untitled Cowboy,” has a value ranging between $1.0 to $1.5 Million.

At the sale when Adam Sender originally purchased some of these works, he said that “I was trying to buy the very best work,” this he said during a 2011 interview with Bloomberg News. He went on to say that his aim was to get the most value and he believed he did so because at the time it was not feasible to purchase the best Andy Warhols, yet he could get masterpieces by Richard Prince from prices between $100,000 and $150,000.

The sales during the year at Sotheby’s are expected to bring more than $70 million dollars from the closing of the Exis Fund offices which was one of the main locations that many from his collection were displayed.