Fairfax 2026

[Viking]

3 hours ago, SafetyinNumbers said:

Including it here since it includes Digit but this would be huge if true.

 

https://www.moneycontrol.com/banking/mc-exclusive-fairfax-could-bid-5-bn-for-idbi-bank-said-to-offer-to-fully-divest-from-csb-bank-article-13958248.html

 

i wonder if they would only include their stakes and keep Digit and IIFL Capital public. 

If true, perhaps explains why they boosted their stake in IIFL Capital. It also looks similar to the playbook that Eurobank is following - diversifying earnings (growing the fee based part with Go Digit). IIFL Capital takes it one step further with capital markets. 
 

I wonder if the new financial services hire is involved…

From Prem’s letter in 2025AR:

 

“We are pleased to report that late in 2025,Hafize Gaye Erkan joined Fairfax as President of Banking and Insurtech. She has a wealth of knowledge of the banking sector through senior positions at Goldman Sachs & Co, Co-CEO and President of First Republic Bank and most recently as Governor of the Central Bank of Turkey. Hafize will initially provide oversight to our banking operations and assist with developing opportunities in the Insurtech space. A big welcome to Hafize.

Edited 1 hour ago by Viking