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wallstreetfinanceltd.com

About Wall Street Finance

Wall Street Finance is a non-banking financial company, engages in foreign exchange and money transfer businesses in India. The company buys and sells bulk currencies from banks and money changers; and offers foreign currencies, traveler cheques, and prepaid cards.

Wall Street Finance Headquarter Location

201-A, C.T.S No. 62-B, Chintamani Avenue 2nd Floor, Off Western Express Highway

Mumbai, 400063,

India

91 22 6111 9600

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Expert Collections containing Wall Street Finance

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Wall Street Finance is included in 2 Expert Collections, including Payments.

P

Payments

2,313 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

3,065 items

Track and capture company information and workflow.

Latest Wall Street Finance News

Wall Street finance legend Leon Black makes quick exit from Apollo

Mar 23, 2021

Advertisement Leon Black, the Wall Street billionaire who appeared to be a main client of disgraced financier Jeffrey Epstein, is stepping down as chief executive officer of Apollo Global Management months ahead of schedule. Black’s departure from that role had been announced in January , though the firm said at the time that he would leave by July 1. A statement Monday confirmed his immediate exit from the position as well as the chairmanship he’d been expected to keep. Leon Black cited unspecified health issues for himself and his wife in announcing his exit. Credit:Bloomberg Co-founder Marc Rowan has taken over as CEO, Jay Clayton was named non-executive chairman, and Apollo added two more independent directors to its board, according to the statement. It’s an abrupt turn for Black, 69, a Wall Street legend who built Apollo into one of the most fearsome - and profitable - names in American finance. He cited unspecified health issues for himself and his wife in announcing his exit. “Marc has seamlessly transitioned into the CEO role and I am confident Apollo will soar to new heights under his leadership,” Black said in the statement. Loading Black and Apollo have been dealing with the fallout from his extensive links with convicted sex offender Epstein, which brought unprecedented scrutiny and unsettled clients and shareholders. After new evidence of Black’s ties to the late financier surfaced last year, Apollo hired a law firm to look into the matter. The investigation found that Black paid Epstein $US158 million ($204 million) between 2012 and 2017 - after Epstein pleaded guilty to felony charges in 2008. Apollo has long maintained it never hired Epstein for any services, and Black was never accused of any involvement in his criminal activities. Apollo expects to report earnings that exceed analysts’ estimates and first-quarter fundraising that’s “trending toward the high end” of the firm’s annual range of $US15 billion to $US20 billion, Black said in the statement. Advertisement The appointments of two additional directors, Richard Emerson and Kerry Murphy Healey, brings Apollo’s board to 15 members, two-thirds of them independent. Clayton, the former chairman of the Securities and Exchange Commission, had joined Apollo as lead independent director on March 1. A week later, in announcing an $US11 billion deal to acquire the rest of insurer Athene Holding that it didn’t already own, Apollo said it would convert to a full C-corp, with a one-share, one-vote structure. That day, during a conference call with analysts, Black was conspicuously absent. The Rowan era had already begun. Black co-founded Apollo in 1990 and into one of the most fearsome - and profitable - names on Wall Street. Credit:AP Rowan, 58, was considered somewhat of an underdog. While he was the mastermind behind some of Apollo’s most profitable wagers, including Athene, he was often in the background. He’s considered more staid than fellow co-founder Josh Harris, who was seen as having a closer relationship with Black and deemed to be a more likely successor. Throughout his career, Black earned a reputation for overcoming disasters. He founded Apollo in 1990 with partners from Drexel Burnham Lambert, the junk-bond shop led by Michael Milken that collapsed in a scandal. Following the 2008 financial crisis, Apollo came up with ways to protect its investments even when some of the companies it backed failed. Loading But Black’s ties with Epstein brought unprecedented scrutiny upon the firm, unsettling clients and shareholders. Some public pension plans halted their commitments, threatening fundraising. Now is “the ideal moment to step back and focus on my family, my wife Debra’s and my health issues, and my many other interests,” Black said on Monday. “I intend to remain Apollo’s largest shareholder, and strongest supporter.” Bloomberg Market Recap A concise wrap of the day on the markets, breaking business news and expert opinion delivered to your inbox each afternoon. Sign up here . Save

  • Where is Wall Street Finance's headquarters?

    Wall Street Finance's headquarters is located at 201-A, C.T.S No. 62-B, Chintamani Avenue, Mumbai.

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