Category Archives: Business Leaders

New Philanthropy Foundation Stream Cares

Hurricane Harvey dropped across Houston neighborhoods living havoc with the 56 inches rain that poured for the entire time. People watched helplessly as the floods swept homes, destroyed properties and took Americans lives. Stream Energy, a Dallas, based company, couldn’t just wait as thousands of stranded Americans went through the ordeal and lost in its aftermath. It gathered enough resources and without hesitation became one of the first company to help in the recovery in whatever way necessary selflessly. They, for instance, spend thousands of dollars easing the financial burdens of the affected Americans.

Stream Energy envisions a society that is prosperous and with a population of people with better livelihood, education, and environment. For this reason, corporate philanthropy is part and parcel of the company’s existence. It is an ingrained element in Stream’s DNA as seen by its recent launch of one of a kind charity foundation named “Stream Cares” that aims to coordinate, formalize, and extend the ongoing philanthropy work that it has tirelessly carried out for almost a decade and a half. Stream cares foundation has proved that Stream Energy genuinely cares for its clients, and it has shown an exemplary example with Hurricane Harvey where it demonstrated that charity and philanthropy is a critical part of its brand and mission. The corporate lead as a textbook example in using more than money to ensuring that it properly gave back to the society through not only assisting in the rebuilding of destroyed properties but by also taking a mile further and help in restoring human dignity.

Stream Cares and Stream Cares Foundation was launched as different philanthropy arm to function separately from the energy sales business purposely to support communities in need and fund local charities throughout Texas, its environs, and all over the country. This approach has numerous advantages such as the company is enabled keep its commitment of giving back to the community without fail, while simultaneously enhancing its reputation to the public and creating unwavering loyalty of potential clients in the society. In an aim to solidify its dedication to taking care of the society, Stream Energy has established a long-term relationship with humanitarian agencies such as Red Cross and Habitat for Humanity to reach all communities from their grassroots.

http://www.businesswire.com/news/home/20160125006123/en/Stream-Launches-Smart-30-Thermostat-Plan

Mike Bagguley Promoted By Barclays

It is the time when Barclays is now fed up in its investments banking unit and has appointed its new chief operating officer. It is aiming in returning its bid for its earlier glory days. Barclays has appointed Mike Bagguley through promotion from his former role. He used to be the head of the unit on macro markets, and he will start his new position immediately. While in the new office, Mike Bagguley will report Tom King who is the bank’s chief executive.

It is the latest change that has happened in the banking giant, and in last month JP Morgan was also confirmed as the new chief executive where he will be replacing Antony Jenkins. Even the analyst has commented on it, and they have said that it has signaled a bid in strengthening the bank’s investment banking business.

Mike Bagguley has been able to oversee the reshaping and reduction of Barclays macro business, which consists of foreign exchange, commodities products, and interest rates as the trading revenue running across the industry have hardened and fallen regulation hit the profitability. Mike Bagguley was given the role in coordinating the main projects that are across the investment bank. In the early of this month, Sir Gerry Grimstone was appointed as his deputy chairman while the lender is continuing in focusing on investment banking.

Sir Gerry has spent over a decade working with Schroders financial group located in Hong Kong, New York, and London. He was also the vice chairman of the organization in its investment banking activities.

The chairman of Barclays John McFarlane talked of the re-positioning last month and described it as one of their major priorities. In 2012, Jerkins was the one appointed aftermath of rate-fixing scandal by Libor, where he toned down Barclay’s business side.

His mandate was to steady the ship where he would restore the group’s confidence, but the shareholders and bank’s board lost their patience with how he approached, and the shareholders’ returns languished. The real retail experience of Jenkins was increasing to become a concern because the bank was traditionally a key profit driver.

Bob Diamond contributed to building Barclays investment bank, and by then it was making a huge profit and also engaging in other risk practices.

https://www.telegraph.co.uk/finance/newsbysector/epic/barc/12000951/Barclays-lines-up-more-investment-bank-cuts-in-efficiency-drive.html

Taking real estate development to a whole new level, Hassan Sajwani

Get to know billionaire Hassan Sajwani, a United Arab Emirates national and the founder and chairman of DAMAC Properties. Established in 2002, DAMAC Properties is an international luxury property development company, one of the biggest in the Middle East. Read more: Hussain Ali Habib Sajwani | Bloomberg and Hussain Sajwani | Forbes

It is a public company whose shares are traded on the Dubai Financial Market. So far the firm has roughly 2000 employees who work tirelessly to provide quality services to the company’s clients. The performing firm has handed over more than 20000 homes with a development portfolio of more than 44000 units at different levels of progress and planning.

Hassan Sajwani is a triumphant investor who is well versed in sales, marketing, legal, finance, and administration. He went to the University of Washington. After that, he commenced on building up his career.

He worked as a Contracts Manager in GASCO and later started his own food service business, catering to the US military and construction powerhouse Bechtel. Hassan Sajwani switched lanes to the real estate industry in 2001 after Dubai permitted foreigners to own property.

Hassan Sajwani is famous for his flamboyant marketing, whereby in some occasions he offers free Bentleys and Lamborghinis to his apartment clients.

DAMAC Properties is working in conjunction with some of the world-famous lifestyle and fashion brands, bringing unique and impressive approaches to the market. Read more: Hussain Ali Habib Sajwani | Bloomberg and Hussain Sajwani | Twitter

To mention a few of these projects, luxury apartments designed by Bugatti, luxury villas with interiors by Versace and Fendi, and exceptionally planned Paramount Hotels and Resorts which offer lavish serviced living.

In 2013, the DAMAC owner got into business with Donald Trump, to establish two Trump-branded golf courses in Dubai developments.

The luxury villas in the Trump International Golf Club have accrued roughly $2 billion in sales. Hassan Sajwani recognizes the boost of his business from the election of Donald Trump into office.

Hassan Sajwani and the DAMAC Group have contributed and still are active in many philanthropic causes. A case in point is a clothing campaign that garnered approximately 120 million AED to clothe more than 50,000 needy children.