United Arab Emirates, 17th Aug 2023, King NewsWire – Global partnering company appoints leading star investment banker as non-exectutive director.
Epic Partners is a holding company focusing on organisations in the financial tech space that is part of the Alliance Group. It offers a range of different financial services, including insurance and wealth management.
Daanish Hussain has a degree in Corporate Finance from the University of Edinburgh and an MBA from the University of Edinburgh. He is currently working in the investment banking field.
In 2021 he completed 12 big-ticket transactions, which together accumulated almost £30 million in venture value. His success in the field was noted by his peers, who have praised his ability to turn around underperforming companies through a wide range of strategies such as LBO, mergers and acquisitions, and strategic remodeling.
Talking about the current economic climate, Daanish says “An increase in the base rate can be positive for savers, as it may lead to higher interest rates on savings accounts and other fixed-income investments. This could encourage saving and potentially increase income for individuals who rely on interest income. However, the impact can vary, and banks may not always pass on the full rate increase to savers.”
“One of the primary reasons central banks raise interest rates is to control inflation. By increasing borrowing costs, the Bank of England aims to reduce consumer spending and investment, which can help prevent the economy from overheating and keep inflation in check. If successful, a base rate increase can help maintain price stability in the long run.”
“A base rate increase can make the domestic currency more attractive to investors, leading to an increase in its value relative to other currencies. A stronger currency can make imports cheaper, potentially reducing inflationary pressures. On the other hand, it may make exports more expensive, potentially impacting trade and economic growth.”
“The housing market can be sensitive to changes in interest rates. A base rate increase can make mortgages more expensive, potentially affecting affordability for prospective homebuyers. This could slow down the demand for housing, leading to a potential slowdown in the housing market activity and potentially impacting property prices.”
Organization: IOB Group and Partners
Contact Person: Carla Icahn
Country: United Arab Emirates
Release Id: 1708235582