WeBank Awarded with SME Financier of the Year in the Global SME Finance Forum 2024
ATFX Connect Wins "Institutional Forex Broker of the Year 2024" Award
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CR Land (Overseas) "Artists of the Future" Youth Drawing Contest Calling the next Generation to Promote the Inheritance of Cultural Treasure and Aware
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Ultima Markets Wins Two Prestigious Awards at Global Forex Awards--Retail 2024!
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EQT to acquire Indostar Home Finance, an Indian affordable housing finance company, for INR 17.5 billion (USD 210 million) and invest INR 5 billion to
Itaú Private Partners with Addepar to Deliver a Comprehensive Global Investment Solution
PETDOM showcases its latest pet intelligence series products at the 2024 Global Sources Electronics Show
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Sheaffer Coffee Edition Launched, Unveiling the Connection Between Writing and Coffee
BENGALURU, India, Sept. 19, 2024 /PRNewswire/ -- Sheaffer has launched its new collection, called the Sheaffer Coffee Edition, its latest in highlighting the intrinsic bond that exists between two time-honoured passions. Founded in 1913 by Walter A. Sheaffer, the brand has been synonymous for innovation and quality craftsmanship in writing instruments. The addition of this latest collection is an attempt at toasting the eternal relationship between writing and coffee, a pairing long known to have inspired creativity for generations. Sheaffer Coffee Edition Range The Sheaffer Coffee Edition consists of two distinct sets of pens, each designed to embody the spirit of coffee culture. The first, the Sheaffer 100 Coffee Edition, features a robust color palette for those who prefer a strong cup of coffee. The second, the Sheaffer VFM Coffee Edition, offers a more subdued design for enthusiasts of lighter brews. Every detail of the Coffee Edition pens has been meticulously crafted to reflect the essence of coffee. The high-quality brown nibs and the ombre body design are inspired by the swirling patterns found in a cup of coffee. Additionally, each pen prominently displays a signature motif, allowing for personal expression. Accompanying the launch is a creative reimagining of the product packaging, which features the thematic message #TheWriteKindOfCoffee. This new design enhances the unboxing experience, reinforcing the connection between writing and coffee for consumers. "For years now, coffee has been inspiring people to write, and this in turn inspired us to come up with a Sheaffer Coffee Edition pen, to celebrate this immortal bond. Meticulously crafted, this collection honours the enduring appeal of analog while embracing innovation. The two variants, inspired by different coffee roasts, reflect our commitment to personal preferences. As we continue to push boundaries, Sheaffer's legacy of excellence remains our guiding principle." — Nikhil Ranjan, Managing Director, Sheaffer. The Sheaffer Coffee Edition aims to appeal not only to pen enthusiasts but also to coffee lovers, offering a unique opportunity to merge these two passions. As writers seek inspiration in their daily rituals, the Coffee Edition promises to provide a perfect blend of functionality and style. For more details, please visit: Website | Instagram For further information, contact:Mr. Tim Williamsinfo@sheaffer.com
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RedBox Storage Unveils State-of-the-Art Facility in Sai Wan, Hong Kong
HONG KONG, Sept. 19, 2024 /PRNewswire/ -- RedBox Storage, a leader in innovative self-storage solutions, proudly announces the grand opening of its latest facility in Sai Wan, Hong Kong. This new location is designed to enhance customer experience with modern technology and robust safety features. RedBox Sai Wan Mini Storage Facility Conveniently located on the 17/F of the Hong Kong Industrial Building on Des Voeux Road West, Sai Wan, just a 5-minute walk from the Hong Kong University Station, the self-storage facility adds 16,000 square feet to our portfolio, bringing the total to over 300,000 GFA. The Sai Wan facility offers 300 versatile storage options, ranging from compact locker sizes to spacious 75 sqft units. Multi-faceted Safety and Fire Protection The facility employs a strategic compartmentation approach to enhance fire safety and security. Fire-rated separations and strategic unit configurations ensure that storage areas are both safe and well-organized, providing peace of mind for our customers. Modern Storage Needs The Sai Wan facility is the first in Hong Kong to incorporate a cloud-based access control system, introduces the Davinci Lock system, debuting in Asia, along with AI cameras. These features ensure seamless access management, providing unmatched convenience and efficiency for customers. Customers can move in independently with self-service options. Commitment to Excellence "Our new Sai Wan facility represents our dedication to delivering an outstanding self-storage experience," said Michael Cocozzo, CEO of RedBox Storage Hong Kong. "Sai Wan is a vibrant community—close to Hong Kong University and the CBD, and home to students, young families and expats. We're excited to bring our self-storage services here. RedBox owns and operates all our facilities, reinforcing our commitment to reliability and quality. By prioritizing customer needs, we offer more than just space; we provide a simple, secure, accessible, and convenient part of our customers' lives." Grand Opening Promotion To celebrate the opening, RedBox Storage Sai Wan is offering a special promotion: enjoy 50% off on self-storage units until October 31, 2024. Additionally, customers who switch to RedBox Storage from their existing self-storage provider will receive an extra HK$300 supermarket voucher. For more information or to book a unit, please visit our website or contact our team today. About RedBox Storage RedBox Storage has established itself as a premier storage provider, known for its reliability and personalized services. With ownership and operation of – six modern facilities across Hong Kong, RedBox ensures convenient access for customers, boasting a combined space that spans over 300,000 GFA. The company takes pride in its unwavering dedication to security and the pursuit of innovative service solutions designed to meet individual client requirements, emphasizing customer peace of mind. Since its inception in 2015, RedBox Storage has rapidly become a leading name in the Hong Kong storage industry. Its consistent record of growth led to a landmark acquisition by global investment giant Brookfield Asset Management in 2022, highlighting the company's successful expansion and enduring commitment to excellence.
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3 in 5 Companies Implemented a Sustainability Strategy in 2024: Euromonitor International
Upgraded Euromonitor Passport Sustainability platform helps businesses track performance of claims, understand consumer sentiment and craft effective sustainability strategies Passport Sustainability covers 11 industries, 25 global markets, 50 product categories and more than 70 sustainability claims Findings include 20% of all sales globally in 2023 were of products featuring sustainable claims LONDON, Sept. 19, 2024 /PRNewswire/ -- More than 60% of global businesses implemented a sustainability strategy in 2024 but only 10% believe they are communicating their sustainability strategy effectively, reveals data analytics firm Euromonitor International. Euromonitor Sustainability Claims Tracker, covering 25 markets Findings from Euromonitor's new Passport Sustainability platform show that in 2023, 20% of all sales globally were of products featuring sustainable claims. These products have achieved, on average, 1.5% higher sales growth over the past four years Passport Sustainability helps businesses track performance of sustainability claims, understand consumer sentiment and craft effective strategies.The upgraded platform covers 11 industries, 25 global markets, 50 product categories and over 70 different sustainability claims. Clear and honest communication to guard against greenwashing label Maria Bogdanova, Senior Product Manager for Sustainability at Euromonitor International, said that the effectiveness of sustainable products hinges on clear and honest communication to guard against claims of greenwashing. "While 'natural' remains the leading sustainability claim in value sales, its vague nature has raised concerns about greenwashing, particularly in the Beauty, Personal Care and Pet Care industries, where 39% and 37% of products respectively, feature 'natural' claims in 2023. Regulatory bodies in the EU and several US states are responding with bans on unsubstantiated sustainability claims." Top Three Value Sales Claims by Industry – Organic, No GMO, Vegan/Vegetarian Beyond Natural, clean labels such as Organic and No GMO and diet claims like Vegan and Vegetarian ranked among the top three in value sales across packaged food, beauty and personal care, pet care and consumer health. Bogdanova said: "Breakfast Cereal leads the way, with over 20% of all products featuring a vegetarian claim followed by Sweet Biscuits, Snack Bars and Fruit Snacks with only 9%. The share of these clean products is expected to grow, driven by aggressive investments from global retailers like Tesco, Walmart, Albert Heijn, Carrefour, and Lidl. " Spotlight on Zero Waste and B Corp Claims Zero Waste and B Corp are the most frequently recurring claims among the top five fastest-growing sustainability value sales claims. Zero Waste commits companies to take the opportunity to reduce raw material use and minimise waste. Bogdanova said that B Corp certification, which signifies a company's commitment to social and environmental performance, is also gaining traction. Obtaining a B Corp certification is a lengthy process. The Beauty industry leads the number of B Corp certified products with brands like The Body Shop, Dr Hauschka and Elemis embracing certification. The number of SKUs in staple foods and snacks with B Corp claim has increased by 49% and 40% over the last two years. To find out more about Euromonitor's Sustainability platform book a demo.
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Hyphens Pharma Launches Ceradan® Advanced Hand Balm, Specially Designed for Hand Eczema
SINGAPORE, Sept. 19, 2024 /PRNewswire/ -- Today, Hyphens Pharma International Limited ("Hyphens Pharma", or the "Company", and together with its subsidiaries, the "Group"), Singapore's leading specialty pharmaceutical and consumer healthcare group, is pleased to announce the launch of Ceradan® Advanced Hand Balm, the latest addition to its Ceradan® line for atopic dermatitis, commonly known as eczema. Developed with the Agency for Science, Technology, and Research ("A*STAR"), Ceradan® Advanced Hand Balm, is the first and only hand balm with patented active pH control technology[1], specifically designed for hand eczema. Hand eczema, characterized by elevated skin pH and a compromised skin barrier, leaves hands susceptible to inflammation caused by external irritants. The issue is particularly prevalent among healthcare workers, with 38%[2] affected, compared to 9%[3] of the general population, largely due to frequent hand washing. Ceradan® Advanced Hand Balm addresses these key challenges of hand eczema by sustainably lowering the skin pH, leveraging its patented active pH control technology1. This innovative feature is crucial for managing hand eczema, as skin pH is integral to maintaining skin barrier homeostasis, antimicrobial defense, and controlling inflammation and itch[4]. Clinical testing has also shown significant improvements in skin ceramide content after applying Ceradan® Advanced Hand Balm1, as its optimal 3:1:1 ceramide-dominant ratio of essential skin lipids helps to rebuild the skin barrier. This is especially important to alleviating hand eczema sufferers' physical discomfort, as their symptoms range from dryness and itching to more severe manifestations like vesicles, blistering lesions, fissures, and bleeding. "The launch of the Ceradan® Advanced Hand Balm marks a significant milestone in our mission to provide effective, science-backed solutions for skin health. Recognizing the unique needs of healthcare professionals, it offers targeted relief and lasting protection for hand eczema, empowering them to gain control over their symptoms and regain a better quality of life." said Lim See Wah, Executive Chairman and CEO of Hyphens Pharma. A*STAR contributed to the research and development of the Advanced Hand Balm by formulating the product and conducting stability tests to ensure it met quality standards for broader application. Following this, they scaled up production and provided the technology transfer and manufacturing protocol to support the transition to commercial manufacturing. A*STAR scientists also assessed the balm's effectiveness, evaluating its impact on skin health by measuring hydration and other key indicators like ceramides. "Our research partnership with Hyphens Pharma showcases A*STAR's commitment to supporting enterprise growth in Singapore's innovation-driven economy. Through translational research collaborations and intellectual property licensing, we work closely with industry partners to turn scientific advancements into innovative products, solutions and services, driving economic impact for Singapore." said Mr Lim Li-Wei, Executive Director of Innovation & Enterprise, A*STAR. About Ceradan® Atopic dermatitis (AD) or commonly known as eczema, is a chronic inflammatory skin condition that affects people of all ages. Ceramide is one of the most important lipids forming the skin barrier. Research has demonstrated that ceramide in the skin is reduced by 30‐50% in Atopic Dermatitis[5]. The Ceradan® range of products is scientifically designed with the understanding of the physiology of the skin. Ceradan® Cream is ceramide dominant and thus helps to replenish the lacking ceramide in the skin. Studies have shown that with an optimal physiological lipids ratio of 3:1:1 (ceramide, cholesterol and free fatty acids respectively), it further reduces water loss and strengthens the skin barrier integrity, resulting in optimal skin barrier repair[6]. About Hyphens Pharma International Limited Hyphens Pharma International Limited and its subsidiaries (the "Group") is Singapore's leading specialty pharmaceutical and consumer healthcare group, leveraging its diverse footprint in ASEAN countries. The Group has a direct presence in Singapore, Vietnam, Malaysia, Indonesia and the Philippines, and is supplemented by a marketing and distribution network covering 14 other markets – Bangladesh, Brunei, Cambodia, Hong Kong S.A.R., Macau S.A.R., Myanmar, South Korea, Sri Lanka and Gulf Cooperation Council countries, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. Singapore is the Group's regional headquarters, where its strategic planning, finance, regulatory affairs, research and development, legal, business development and logistics operations are based. The Group's core business comprises the following segments: Specialty Pharma Principals, Proprietary Brands, and Medical Hypermart & Digital. Besides marketing and selling a range of specialty pharmaceutical products in selected ASEAN countries through exclusive distributorship or licensing and supply agreements with brand principals mainly from Europe and the United States, the Group also develops, markets and sells its own proprietary range of dermatological products and health supplement products. In addition, the Group operates a medical hypermart for healthcare professionals, healthcare institutions and retail pharmacies, to supply pharmaceutical products and medical supplies and an online pharmacy for doctors to prescribe and have medications delivered to their patients' homes. For more information, please visit www.hyphensgroup.com. This media release has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this media release, including the correctness of any of the statements or opinions made or reports contained in this media release. APPENDIX - About Ceradan® Advanced Hand Balm Ceradan® Advanced Hand Balm is available at the hospital pharmacies in National Skin Centre, KK Women's and Children Hospital, Sengkang General Hospital, Singapore General Hospital, Changi General Hospital, National University Hospital, Tan Tock Seng Hospital and Raffles Hospital. The recommended selling price is S$30.90. Please check with your dermatologist for more details. [1] Hyphens. Data on File [2] Kho et al. Contact Dermatitis. 2020; 83:531–533 [3] https://ctu.dk/wp-content/uploads/2020/12/HET_main2012.pdf [4] Danby, Simon G., and Michael J. Cork. pH of the Skin: Issues and Challenges 54 (2018): 95-107 [5] Macheleidt O et al. J Invest Dermatol 2002;119:166-173 [6] Man M-Q, et al. J Invest Dermatol 1996;106 (5):1096-1101
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Rizhao diversifies development
The vibrant city of Rizhao not only boasts a charming coastline but also embodies strong economic and social development. RIZHAO, China, Sept. 19, 2024 /PRNewswire/ -- A news report from chinadaily.com.cn: Rizhao - As an important coastal city in Shandong province, Rizhao has been diligently focused on becoming a "dynamic Rizhao" in recent years. The city aims to create a modern seaside urban center and drive comprehensive development across economic, cultural, and social domains. From the sustained prosperity of the marine economy to the rapid ascent of new industries, and from flourishing tourism to deeper cultural exchanges, Rizhao's unique allure and limitless potential can be seen by how far it has come. Economic development is the cornerstone of the "dynamic Rizhao" initiative. Leveraging its abundant marine resources, Rizhao has vigorously developed industries such as marine fisheries, marine chemicals, and shipbuilding to form an industrial system characterized by the marine economy. Simultaneously, the city has introduced high-tech industries to optimize and upgrade its industrial structure, injecting new vitality into the local economy. The flourishing of cultural tourism vividly embodies the dynamism of Rizhao. Relying on its natural coastal scenery, Rizhao has developed a series of tourism projects centered around beach leisure and marine exploration, attracting a large number of domestic and international tourists. Rizhao also emphasizes the protection and inheritance of cultural heritage, with a variety of cultural and festive activities showcasing the city's profound cultural heritage and modern cultural vitality. In terms of social development, Rizhao adheres to people-centric development to continuously improve the well-being and quality of life. The integration and optimization of educational resources, the ongoing enhancement of the healthcare system, and the coordinated development of urban and rural infrastructure have all contributed to a happier and healthier life for the people of Rizhao. Furthermore, Rizhao's beautiful ecological environment is a major highlight. With clear blue seas and lush greenery, Rizhao consistently prioritizes ecological civilization construction, implementing strict environmental protection measures to create a green home that is ideal for living and working. Here, one can deeply feel the harmonious coexistence between humans and nature. Rizhao, always exuding passion and vitality, is writing a brilliant new chapter in its history.
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MSB and TerraPay Collaborate to Simplify and Enhance Cross-Border Money Transfers
HANOI, Vietnam, Sept. 19, 2024 /PRNewswire/ -- Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) has signed a strategic cooperation agreement with TerraPay, a global money movement company. This collaboration will bring digital payment solutions and data capabilities to help MSB enhance efficiency and offer the best payment service experience to customers by bringing down costs and reducing transaction times. According to forecasts from the Bank of England, the cross-border payment market is expected to grow by over USD 100 trillion in the next decade, reaching over USD 250 trillion by 2027. Along with the pace of digitization, the demand for real-time global payments is becoming increasingly urgent. However, unlike domestic transfers, international money transfers continue to be complex, time-consuming, and costly, even today. In response to this reality, the new partnership between MSB and TerraPay aims to break down these barriers, enabling the use of financial services more quickly, conveniently, and reliably. According to the cooperation agreement, MSB and TerraPay will provide payment solutions, payment infrastructure, and other products and services to partners and (or) customers; simultaneously introducing each other's products and services to the partner's customers who have a need for them. Both companies will focus on supporting small and medium-sized enterprises (SMEs) with global money transfer needs. Through this partnership, SMEs will benefit from quick, convenient, and cost-effective global payout solutions. Mr. Nguyễn Thế Minh, Deputy General Director of MSB, believes that, "The cooperation between the two parties will bring numerous benefits and economic efficiencies for Vietnamese businesses in both domestic and international payments." Sudhesh Giriyan, President - Cross border payments at TerraPay said, "Our partnership with MSB is a big step towards enhancing global payments for businesses across Vietnam. We are excited to work together, combining our strengths and expertise, to transform the broader landscape while furthering our mission of simplifying global money movement." Along with efforts in digital transformation, MSB continues to build and seek appropriate financial solutions through reputable partners to bring superior value and experience to customers. For more information on solutions for corporate customers, please click msb.com or contact the hotline: 18006260. About MSB Established in 1991, MSB has continually grown, achieving many important milestones in the financial banking industry over nearly 33 years. MSB currently has over 260 branches and transaction offices nationwide, and it transacts with over 500 correspondent banks in more than 60 countries and territories. MSB has over 6,000 staff, serving more than 5.4 million individual customers and nearly 100,000 corporate customers. About TerraPay TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 30+ global markets and enabling payments to 140+ receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.4Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay has built the global digital wallet interoperable network and pushes the boundaries for global businesses – ranging from digital wallets, banks, fintech and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is a global company headquartered in London and comprising 42 nationalities. It has global offices in Bangalore, Dubai, Bogota, Dar es Salaam, Kampala, The Hague, Johannesburg, Nairobi, Milan, and Singapore, and is expanding rapidly. We have received funding from leading investors, including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa. Contact:Juveria Samrin,juveria.n@terrapay.com
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FOR SALE BY EXPRESSION OF INTEREST
221 RANGOON ROAD – FREEHOLD TWO-STOREY SHOPHOUSE WITH DEVELOPMENT POTENTIAL SINGAPORE, Sept. 19, 2024 /PRNewswire/ -- Brilliance Capital Pte. Ltd. is excited to offer a unique investment opportunity: a freehold two-storey shophouse located at 221 Rangoon Road, for sale via an Expression of Interest (EOI). This well-positioned property features an F&B-approved ground floor currently tenanted to an established restaurant, and well tenanted for residential use on the 2nd floor, providing investors with an immediate rental income stream. The first storey is primed for food and beverage use, offering premium rental rates due to its prime location. The property promises a unique blend of historical charm and modern investment appeal in one of Singapore's most vibrant districts. FOR SALE BY EXPRESSION OF INTEREST 221 RANGOON ROAD – FREEHOLD TWO-STOREY SHOPHOUSE WITH DEVELOPMENT POTENTIAL The 221 Rangoon Road property, positioned in the heart of a bustling neighborhood, is surrounded by rich heritage and an eclectic mix of retail, dining, and cultural landmarks. The locale offers seamless connectivity, being just minutes away from Farrer Park MRT Station, and its' proximity to Mustafa Centre and City Square Mall enhances its appeal, attracting a steady flow of visitors and customers to the area. Additionally, the nearby Connexion enhances the area's footfall with its healthcare and hospitality services, further increasing the property's business potential. The surrounding district, rich in cultural landmarks and culinary offerings, offers the perfect backdrop for businesses looking to benefit from the energetic environment. The property sits on a freehold tenure, making it a highly coveted asset with long-term value in Singapore's competitive real estate market. The land area is approximately 2,145 sq ft with a total built-up area of approximately 3,347 sq ft. Zoned "Residential" with a gross plot ratio of 3.0 under the 2019 Master Plan, it also presents redevelopment potential, offering investors and owner-occupiers the opportunity to significantly enhance its value, and enjoy the upside for future growth and value maximization. The shophouse stands at the gateway to the Historic District of Little India, an area undergoing a significant rejuvenation and transformation. With new urban development projects set to modernize the district while preserving its cultural legacy, this location is poised to become an even more vibrant commercial and residential hub. The property's connection to this rapidly transforming district adds to its' long-term investment appeal, offering substantial growth potential as the area evolves. In addition, the development potential makes it suitable for a variety of uses, including F&B, retail, or residential redevelopment. Ms. Sammi Lim, Founder and Executive Director of Brilliance Capital Pte Ltd, said: "Based on the guide price of S$8.88 million, this offering is not only palatable but presents a tremendous value proposition for a diverse range of buyers. We anticipate strong interest from co-living operators, boutique developers, and family offices looking to diversify and enhance their portfolio with a rare freehold asset. Freehold properties remain highly coveted for their enduring value, long-term capital appreciation potential, and investment security. In particular, the property's freehold tenure makes it an ideal land banking opportunity, providing buyers with the chance to hold a prime asset in Singapore's highly competitive real estate market while waiting for the right time to unlock its full redevelopment potential. Furthermore, with its strategic location and vibrant surroundings, 221 Rangoon Road offers investors an exceptional opportunity to capitalize on the growing demand for properties in the heart of Singapore's bustling Central Region. The unique mix of heritage charm and redevelopment potential makes this asset an attractive option for forward-thinking investors, allowing them to tap into future growth and enjoy immediate rental income." Brilliance Capital is the sole marketing agent for this Expression of Interest. The Expression of Interest closes on 23 October 2024, Wednesday at 3.00 p.m. END Note to editors: A high-resolution photograph of 221 Rangoon Road is enclosed. About Brilliance Capital Pte. Ltd. Brilliance Capital is a premier real estate agency specializing in bespoke advisory and transaction services for high-net-worth individuals, family offices, property developers, and institutions in Singapore and globally. Founded and led by Sammi Lim, our team of top-tier professionals excels in selling and leasing luxury residential, commercial, and industrial properties, as well as collective sales. We also offer tailored consultancy and advisory services, addressing personal, professional, and investment needs with precision and care. Backed by deep market insight and a robust international network, Brilliance Capital is dedicated to building lasting relationships and delivering exceptional real estate outcomes.
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Markel appoints April Tam as Senior Underwriter, PFR & Cyber and Head of Financial Institutions, Asia
SINGAPORE, Sept. 19, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), is pleased to announce the appointment of April Tam as Senior Underwriter, Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia. This strategic hire is integral to advancing Markel's profile and reinforcing its leadership position in the PFR sector. April Tam, Senior Underwriter, Professional Financial Risk (PFR) and Head of Financial Institutions in Asia In her new role, Tam will be instrumental in strengthening Markel's Financial Institutions proposition in Asia. Working in collaboration with the regional underwriting team across Asia, Tam will focus on driving continued profitable growth of the company's PFR book and ensuring its scalability and diversification. She will also be responsible for forging strong relationships with insurance brokers, clients and partners in the region. Tam joins Markel from Allianz Commercial, where she was most recently employed as Financial Institutions Practice Leader, Asia. Prior to joining Allianz Commercial in 2018, Tam gained expertise at Zurich Insurance Group. With more than 12 years' experience in Financial Lines underwriting, Tam brings a wealth of expertise, broker relationships and a proven track record to Markel. Based in Hong Kong, Tam will report to Kevin Leung, Chief Underwriting Officer, Asia Pacific. Leung commented: "I'm excited to welcome April to our team in Hong Kong. Her extensive experience and deep understanding of Financial Lines underwriting will be of huge importance as we continue to expand and enhance our PFR offerings. I'm confident that April's expertise and strong networks will significantly help to contribute to our strategic objectives and strengthen our position in the Asia market." About MarkelWe are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
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NextBold Capital Eyes $100M Fund to Back SMEs in Vietnam, Cambodia, and Laos
HO CHI MINH CITY, Vietnam, Sept. 19, 2024 /PRNewswire/ -- NextBold Capital, a private equity firm focused on supporting the growth of small and medium enterprises in Southeast Asia, is being recognized as a key Emerging Manager for Asia Pacific at SuperReturn Asia 2024. The firm is raising its first fund to invest in SMEs across Vietnam, Cambodia, and Laos — three fast-growing markets ripe for development. Managing Partners of NextBold Capital: Jonas Wilbert, Sjoerd Zwinkels and Pedro Baliza. NextBold Capital was co-founded by Sjoerd Zwinkels, former Investment Director at Mekong Capital, alongside Quadrant-backed Fitness & Lifestyle Group former executives Pedro Baliza and Jonas Wilbert, who bring extensive operational and investment experience. The firm aims to provide not just capital but hands-on operational expertise to help businesses in these markets scale sustainably. A Different Approach: Operational Private Equity NextBold Capital stands out for its "Operational Investing" approach: the firm actively works on-the-ground with portfolio companies to implement governance, drive revenue growth, and improve operational efficiency. NextBold's management team has spent the last decade balancing investing with hands-on operational roles in some of Indochina's most successful businesses. "We're not just investors; we're partners on the ground," said Pedro Baliza, Managing Partner of NextBold Capital. "We get involved at an execution level, helping companies address their toughest challenges and unlock their full potential." Indochina Focus, Regional Ambition NextBold Capital's strategy encompasses targeting SMEs in key urban centers across Vietnam, Cambodia, and Laos — markets experiencing rapid growth due to a rising middle class, strong entrepreneurial cultures, and increased foreign investment. The firm focuses on sectors like education, healthcare, consumer goods, and services, where they see opportunities for governance transformation and value creation. "These markets are still underserved by global investors, particularly in the SME space. We see enormous potential for value creation by bringing in the right mix of capital and operational support," said Sjoerd Zwinkels, Managing Partner. $100M Fundraising to Drive Growth NextBold Capital's inaugural $100 million fund, designed to fuel growth for SMEs across Southeast Asia, has seen its fundraising efforts ramp up mid this year. Its unique positioning has granted the firm a flurry of interest from investors, and now an early recognition in the form of shortlisting as a "must-watch" Emerging Private Equity Manager for APAC at SuperReturn Asia 2024, one of the World's leading private equity and venture capital conferences. With several family offices already committed, the fund has started mapping the market in a number of sectors including education and healthcare, with pre-funding deals already in motion. "We're incredibly excited about the deals we've already lined up. Our early investments are targeting companies with strong business fundamentals in fast-growing markets, where we see clear potential for sector dominance with the right operational support," said Pedro Baliza, Managing Partner. "We're seeing great momentum from family offices and other co-investors, and are ready to capitalize on the immense growth opportunities ahead." About NextBold Capital NextBold Capital is a private equity firm based in Ho Chi Minh City, Vietnam, with a focus on growing SMEs across Southeast Asia through both capital investment and operational support. The firm's $100 million inaugural fund will invest in businesses across education, healthcare, consumer goods, technology, and agribusiness in Vietnam, Cambodia, and Laos. By providing on-the-ground expertise and fostering sustainable growth, NextBold Capital aims to elevate businesses to global competitiveness. Contact: Pedro BalizaManaging PartnerNextBold Capital Email: ir@nextboldcap.com Website: www.nextboldcap.com
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Apt.Residential Selects Yardi's Technology to Support BTR Projects
Australian property developer and operator to utilise innovative cloud platform for construction and investment accounting SYDNEY, Sept. 19, 2024 /PRNewswire/ -- Apt.Residential, an owner, developer and operator of residential properties in Australia, has chosen Yardi's single connected platform to support growth, connect teams and manage capex projects and build. Apt.Residential, an owner, developer and operator of residential properties in Australia, has chosen Yardi’s single connected platform to support growth, connect teams and manage capex projects and build. With Yardi®, Apt.Residential can manage its funds and simplify complex financial processes, mitigate risk and deliver real-time insights into projects. The platform provides more visibility from investor to asset and delivers enhanced and accurate reporting. The company can access live data for costing, expenses, and revenue on all projects, from ground-up development to single-unit improvements and will allow Apt.Residential to grow the volume of units within BTR once they have operational units. "We wanted to find the best platform for BTR that would support growth, streamline management of capex projects and handle our complex accounting," said Michael Hogg, co-founder & head of operations for Apt.Residential. "Yardi's single integrated platform was the best solution as it ensures our team can connect on one system and not worry about integrations or using multiple platforms." "We're excited to work with Apt.Residential and support its growth as the company expands its BTR projects," said Neal Gemassmer, vice president and general manager for Yardi. "Our connected platform will help Apt.Residential enhance communication and set them up so they're ready to operate once development has completed." See how Yardi's end-to-end technology can help drive your digitalisation strategies. About Apt.ResidentialApt.Residential is a leading vertically integrated owner, developer, and operator of residential properties in Australia backed by global institutional capital. The company develops residential communities where wellbeing and connectedness come first. Its human-centric approach allows Apt.Residential to shape places for people who crave comfort, community, and elevated living. For more information, please visit aptresidential.au. About Yardi Celebrating its 40-year anniversary in 2024, Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energised for Tomorrow, visit yardi.com.au.
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NewCo Capital Group Continues Global Expansion as 2024 Milestones Set The Stage for an Ambitious Q4
NEW YORK, Sept. 19, 2024 /PRNewswire/ -- As Q4 fast approaches, NewCo Capital Group ("NewCo") and Australia-based Bizcap are finalizing year-end initiatives to strategically position both companies for an ambitious expansion in 2025. Both companies have celebrated a highly successful 2024, marked by remarkable and accelerated growth. This momentum has been driven by Bizcap's unique Line of Credit product, NewCo's introduction of their "Line of Capital" product and the launch of NewCo's new mobile app. CEO Albert Gahfi emphasized the importance of closing 2024 on a high note to set the stage for future growth. "We've had an exceptional year so far, but our focus is on what comes next. We're building the foundation for 2025 and beyond, ensuring that NewCo and Bizcap are positioned for continued global expansion." The plan for Q4 includes deepening their presence in existing markets while making calculated moves into new territories, including Singapore, Germany, and Luxembourg. "There are new opportunities in emerging markets that are currently underserved, where we believe we can make a significant impact. As a result, 2025 promises to be an exciting year for SMB financing globally." By reinforcing their operational and technological infrastructure, the companies are preparing to meet the demands of a rapidly evolving global financing landscape. "2024 has been a year of strong growth, but we're not stopping here," Gahfi said. "We are focused on delivering innovative financing solutions that not only meet the needs of today but also anticipate the demands of tomorrow. As we head into 2025, we're ready to expand our reach and provide even more businesses with the capital they need." Part of a multinational collaboration, NewCo and Bizcap have successfully deployed over $1.5 billion to over 35,000 businesses worldwide. Gahfi commented, "We're moving capital faster and more effectively than any other sector and our clients are benefiting from that growth." NewCo's strength lies in its ability to adapt quickly, using a unique mix of proprietary technology, nuanced underwriting, and an experienced risk management team. The companies' hybrid approach is challenging outdated financing models, making NewCo a preferred partner for SMBs looking for custom capital solutions that truly fit their needs. "We're not just growing; we're leading," Gahfi added. "As we expand globally, our goal remains the same—helping small businesses scale, create jobs, and thrive." With a clear strategy and a relentless focus on delivering value, NewCo Capital Group is primed to deepen its market influence and capitalize on emerging opportunities. As the company prepares for its next wave of market entries, Q4 will serve as a pivotal launchpad for an even more ambitious 2025, setting the stage for continued growth and global leadership. For more information, visit www.NewCoCapitalGroup.com. Contact: NewCo Capital GroupEmail: Info@NewCoCapitalGroup.comWebsite: www.NewCoCapitalGroup.com Logo - https://mma.prnasia.com/media2/2489715/NewCo_Capital_Group_and_bizcap_Logo.jpg?p=medium600
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Major Growth in Participation - 222 Exhibitors from Zhejiang, China, Japan, and Other Asian Countries Attend Osaka International Lifestyle Show / Zhej
OSAKA, Japan, Sept. 18, 2024 /PRNewswire/ -- On September 11, 2024, the Osaka International Lifestyle Show / Zhejiang Export Fair (Osaka) officially opened in Osaka, Japan. This marks the 17th edition of the Zhejiang Export Fair (Osaka), which aims to showcase top-quality products from Zhejiang Province to the Japanese market. In conjunction with this event, the Osaka International Lifestyle Show also took place, featuring exhibitors from across Asia. The number of participating companies increased by 12% year-over-year, bringing the total to 222, and the exhibition space expanded from one hall to two. [Exhibition Overview] Name: 2024 Osaka International Lifestyle Show / Zhejiang Export Fair (Osaka)Dates: September 11 (Wed) – 13 (Fri), 2024Time: 10:00 AM - 5:00 PM (Closing at 4:00 PM on the final day)Venue: Intex Osaka, Halls 1 & 2 (1-5-102 Nanko-kita, Suminoe-ku, Osaka)Admission: Free with pre-registration or an invitationOrganizer: Zhejiang Provincial Department of CommerceCo-organizers: Zhejiang Yuanda International Exhibition Co., Ltd., Osaka International Business Promotion Center, Osaka Chamber of Commerce and IndustryExhibition Size: 222 exhibitors / 292 boothsProduct Categories: Lifestyle products, fashion items, outdoor and sports goods, and moreOfficial Website: https://zhejiangfair-osaka.com Exhibitors are actively promoting their product features and strengths, seeking business partnerships with Japanese manufacturers, trading companies, and major retailers. Japanese buyers and companies are showing strong interest in the high-quality products and are using the exhibition as a platform to connect with potential new partners. The event also features seminars and fashion shows, providing opportunities for business leaders from both countries to share insights on trade policies and market trends, fostering deeper mutual understanding. The Osaka International Lifestyle Show / Zhejiang Export Fair (Osaka) continues to play a crucial role in strengthening trade relations between Zhejiang and Japan, promoting economic growth in both regions. We look forward to this exhibition further enhancing business exchanges and cooperation between companies from both countries, paving the way for future development. Zhejiang Broad International Convention & Exhibition Co., Ltd is one of the co-organizers for Zhejiang Export Fair (Osaka).
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Polus Capital Management Secures ADIA Commitment for Special Situations Strategy
LONDON, Sept. 18, 2024 /PRNewswire/ -- Polus Capital Management ("Polus"), a leading investment management firm specialising in alternative credit strategies, today announces that it has secured a capital commitment for its Special Situations strategy from a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA). Following the commitment, Polus' Special Situations strategy has approximately $5 billion of assets under management[i]. Polus' Special Situations strategy focuses primarily on secondary investments in bonds and loans as part of opportunistic, stressed or distressed situations arising from idiosyncratic or cyclically driven dislocations to corporate enterprise values or hard asset values. Polus' Special Situations team has been working together for over ten years, during which time it has developed a differentiated and proven track record. ADIA's investment is a strong endorsement of the high quality and attractive characteristics of Polus' Special Situations strategy and further adds to Polus' predominantly institutional investor base which includes pension funds, insurance companies, endowments, foundations, sovereign wealth funds and family offices. Nicholas Chalmers, Chief Executive Officer of Polus Capital Management, said, "ADIA's capital commitment reflects the growing strength and success of Polus' diversified alternative credit platform. We look forward to the ongoing development of our business while continuing to prioritise the delivery of compelling risk-adjusted returns as we navigate opportunities in credit markets throughout the cycle." Robert Dafforn, Chief Investment Officer of Opportunistic Credit at Polus Capital Management, said, "We are delighted to welcome ADIA's subsidiary as an investor and are increasingly excited about the opportunity set for our Special Situations strategy. We believe the coming years will prove especially favourable for our differentiated investment approach and rewarding for our investors." Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, said, "Polus is one of the leading alternative credit managers in Europe with a large, experienced team, a differentiated strategy and a strong track record. We look forward to capitalising on a growing market opportunity through our capital commitment in Polus, which has built deep expertise in providing bespoke, innovative solutions in a range of situations." About Polus Capital Management Polus Capital Management ("Polus") is an investment management firm specialising in alternative credit strategies. Following the commitment, Polus has approximately $11 billion in assets under management[ii] and invests across the capital structure and liquidity spectrum, focusing on three complementary strategies: Leveraged Credit, Special Situations and Structured Credit. Polus has offices in London and New York. For more information: www.poluscapital.com About Abu Dhabi Investment Authority Established in 1976, ADIA is a globally diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. For more information: www.adia.ae Media Enquiries Greenbrook – Rob White / Ksenia Galouchkopolus@greenbrookadvisory.comTel: +44 (0) 20 7952-2000 [i] AUM refers to assets under management and advice and includes committed but uncalled capital across various vehicles. AUM figures as at 18 Sep 2024 and are subject to rounding and FX fluctuations. [ii] AUM refers to assets under management and advice and includes CLO vehicles managed by Cairn Loan Investments LLP ("CLI I") and Cairn Loan Investments II LLP ("CLI II"). CLI I and CLI II are not affiliates of each other nor of Polus, but Polus established them and provides them with seconded portfolio managers and support services. AUM includes committed but uncalled capital across various vehicles. AUM figures as at 18 Sep 2024 and are subject to rounding and FX fluctuations.
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Family Offices in Asia Pacific are Investing More in Public Equity and Fixed Income, Bullish on Private Equity: Citi Private Bank Survey
Annual family office survey highlights that family offices in Asia Pacific expect stronger portfolios gains in 2025 Asia Pacific leads the way in family office best practices and leadership transition readiness SINGAPORE, Sept. 18, 2024 /PRNewswire/ -- Citi Private Bank's Global Family Office Group today released the results of its 2024 Family Office Survey, unveiling trends among family offices in Asia Pacific and globally. Results show that family offices in Asia Pacific are leading the way in deploying more capital into public equity and increasing direct investing. The annual study provides a rare glimpse into the thinking and behaviors of family office clients, some of the most sophisticated investors. In its fifth edition, the survey captures the investment sentiment, portfolio positioning, family governance and best practices of family office clients in 2024. It received a record number of respondents this year, making it the most global and comprehensive survey of its kind, with 21% of respondents from Asia Pacific. "We are thrilled to share this year's survey findings, which offer an inside look into the investments and priorities of some of the world's most diverse and sophisticated family offices," says Hannes Hofmann, Head of the Global Family Office Group at Citi Private Bank. "In the last two years, we have seen the number of respondents grow from 126 to 338 across the globe, indicating an increased need for the unique insights into the top challenges and opportunities family offices face today. The wide-ranging questions cover the most topical global issues, revealing important shifts in the concerns and interests of respondents. We look forward to continuing our close partnership with family offices to provide access to all areas of Citi that support the ambitious goals and needs of the world's most global and sophisticated investors." ASIA PACIFIC HIGHLIGHTS In addition to global themes and discoveries, several key findings emerged from Asia Pacific: Investment activity, sentiments and preference across Asia Pacific 68% of family offices reported increased allocation into public equity – the highest percent relative to other regions. Family offices said they were positive on the outlook for global developed equities (48%), direct private equity (49%) and private equity funds (48%). Direct investing activity was highest in Asia Pacific, with 69% of respondents reporting increased and significantly increased activity. Results show an interest in a broad range of activities across the M&A spectrum: strategic acquisitions (20%), joint ventures (23%), divestitures (9%) and mergers (14%). 63% of respondents expect their portfolios to increase by 10% or more in the coming year, the highest percent relative to other regions. Family office focus areas and challenges across Asia Pacific Family offices are leading in best practices such as separating the family office from the family business (75%) and having a leadership succession plan (51%). 74% of respondents said they were well or very well prepared for leadership transitions. Cost (45%) and regulatory compliance (48%) are seen as the main challenges for family offices in Asia Pacific, which may be because the family office industry is relatively new and developing rapidly in the region. There is also more outsourcing to external service providers in the region. "The family office industry in Asia continues to grow and evolve rapidly – becoming ever more complex with time," says Bernard Wai, Asia Pacific Head, Global Family Office Group, Citi Private Bank. "Citi's global footprint and connectivity across the family office network can help Asian family offices learn and adopt best practices faster to achieve their financial and family office goals in the long run." The 2024 Global Family Office Survey Insights Report also revealed a shift in portfolio allocations. Public equities and fixed income saw their weightings rise from 22% to 28% and 16% to 18%, respectively. Private equity also dipped from 22% to 17%, which may have been accentuated by valuations taking longer to adjust upward compared to those of public equities. "Our family office clients are increasingly becoming more global as they seek to create and preserve wealth amidst new market challenges and opportunities," says Ida Liu, Head of Citi Private Bank. "As interest rates evolve and geopolitical challenges persist, ultra-high net worth investors and their families are putting cash to work and shifting their portfolios toward public and private equity. Family offices are focused on the future as they navigate evolving markets worldwide." GLOBAL THEMES Family offices are putting their cash to work by making significant portfolio shifts from liquid resources to fixed income, public and private equity. Continued optimism among family offices around the outlook for portfolio performance over the next twelve months, with 97% of respondents expecting positive returns. The future path of interest rates is the top concern followed by geopolitical issues – such as US-China relations and the conflict in the Middle East. Family offices are growing their portfolio exposure to artificial intelligence – which likely contributed to strong returns over the last year. However, the adoption of this technology into family office operations is lagging. Asset preservation and preparing the next generation for future responsibilities are families' top concerns. Meeting family members' expectations is regarded as family offices' top challenge. This year's survey was initiated during Citi Private Bank's ninth annual Family Office Leadership Program held in June 2024. The survey was subsequently released to Citi Private Bank's global family office clients for input, with 50 questions aimed to capture the investment sentiment, portfolio positioning, family governance and best practices of family office clients. It drew responses from 338 participants who were included in this report. About CitiCiti is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi
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Polus Capital Management Secures ADIA Commitment for Special Situations Strategy
LONDON, Sept. 18, 2024 /PRNewswire/ -- Polus Capital Management ("Polus"), a leading investment management firm specialising in alternative credit strategies, today announces that it has secured a capital commitment for its Special Situations strategy from a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA). Following the commitment, Polus' Special Situations strategy has approximately $5 billion of assets under management[i]. Polus' Special Situations strategy focuses primarily on secondary investments in bonds and loans as part of opportunistic, stressed or distressed situations arising from idiosyncratic or cyclically driven dislocations to corporate enterprise values or hard asset values. Polus' Special Situations team has been working together for over ten years, during which time it has developed a differentiated and proven track record. ADIA's investment is a strong endorsement of the high quality and attractive characteristics of Polus' Special Situations strategy and further adds to Polus' predominantly institutional investor base which includes pension funds, insurance companies, endowments, foundations, sovereign wealth funds and family offices. Nicholas Chalmers, Chief Executive Officer of Polus Capital Management, said, "ADIA's capital commitment reflects the growing strength and success of Polus' diversified alternative credit platform. We look forward to the ongoing development of our business while continuing to prioritise the delivery of compelling risk-adjusted returns as we navigate opportunities in credit markets throughout the cycle." Robert Dafforn, Chief Investment Officer of Opportunistic Credit at Polus Capital Management, said, "We are delighted to welcome ADIA's subsidiary as an investor and are increasingly excited about the opportunity set for our Special Situations strategy. We believe the coming years will prove especially favourable for our differentiated investment approach and rewarding for our investors." Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, said, "Polus is one of the leading alternative credit managers in Europe with a large, experienced team, a differentiated strategy and a strong track record. We look forward to capitalising on a growing market opportunity through our capital commitment in Polus, which has built deep expertise in providing bespoke, innovative solutions in a range of situations." About Polus Capital Management Polus Capital Management ("Polus") is an investment management firm specialising in alternative credit strategies. Following the commitment, Polus has approximately $11 billion in assets under management[ii] and invests across the capital structure and liquidity spectrum, focusing on three complementary strategies: Leveraged Credit, Special Situations and Structured Credit. Polus has offices in London and New York. For more information: www.poluscapital.com About Abu Dhabi Investment Authority Established in 1976, ADIA is a globally diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. For more information: www.adia.ae Media Enquiries Greenbrook – Rob White / Ksenia Galouchkopolus@greenbrookadvisory.comTel: +44 (0) 20 7952-2000 [i] AUM refers to assets under management and advice and includes committed but uncalled capital across various vehicles. AUM figures as at 18 Sep 2024 and are subject to rounding and FX fluctuations. [ii] AUM refers to assets under management and advice and includes CLO vehicles managed by Cairn Loan Investments LLP ("CLI I") and Cairn Loan Investments II LLP ("CLI II"). CLI I and CLI II are not affiliates of each other nor of Polus, but Polus established them and provides them with seconded portfolio managers and support services. AUM includes committed but uncalled capital across various vehicles. AUM figures as at 18 Sep 2024 and are subject to rounding and FX fluctuations.
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Moomoo Singapore is Best Retail Broker in Singapore for the second year running
Moomoo Singapore received the prestigious award at the SIAS Investors' Choice Awards Recognises Moomoo Singapore's commitment to democratise investing for all Holds added significance for Moomoo Singapore as we hit more than 1 million users SINGAPORE, Sept. 18, 2024 /PRNewswire/ -- Moomoo Financial Singapore Pte. Ltd. ("Moomoo Singapore") has been named the Best Retail Broker in Singapore by the Securities Investors Association (Singapore) ("SIAS") — for the second consecutive year. Mr Gavin Chia, CEO of Moomoo Singapore, received the prestigious award at the SIAS Investors' Choice Awards Dinner on Tuesday, 17 September 2024. The event was graced by Guest-of-Honour, Mr Tharman Shanmugaratnam, President of Singapore, as well as Mr Goh Chok Tong, Emeritus Senior Minister. "We are honoured to be recognised as the Best Retail Broker in Singapore for the second year running. This prestigious accolade recognises our unwavering commitment to be the leading broker of choice for retail investors in Singapore, and is testament to our dedication to provide an exceptional investment platform for all," Chia said. "Our successful defence of the Best Retail Broker award this year has added meaning and significance for Moomoo Singapore, as we achieved the one million user milestone in Singapore earlier this year. With 1 in 3 Singapore residents now using our platform in pursuit of their investment goals, this award reaffirms our growing reputation as the investment platform of choice for those in Singapore," he added. The Best Retail Broker Award caps off a strong quarter for Moomoo Singapore, and follows closely on the heels of two other accolades — the Investment Tech of the Year Award at the Asia Fintech Awards 2024, as well as the Investment Product Innovation of the Year (Singapore), awarded as part of the Asian Banking & Finance Retail Banking Awards 2024. "The numerous accolades we have received reflect the dedication we have invested in building and improving the moomoo platform. We remain committed to further strengthening our technology capabilities to ensure we provide our clients with the most effective tools to support their success in their investment journeys." Slew of Achievements Today, moomoo offers a wide range of tech features on its platform. They include: Industry Chain: Helps investors gain an intuitive and comprehensive understanding of upstream and downstream industries by mapping the industrial chains of HK stocks, US stocks, and A-shares with its knowledge mapping algorithm. Institutional Tracker: Investors can see their favourite institutions such as Berkshire, Soros, or Ark Investment, as well as the stocks that these institutions are holding. This allows them to mimic the movements of the trading strategies of these institutions. Advanced Stock Screener: Contains more than 100 advanced stock screening indicators, making it the most comprehensive stock screener on the market with low latency and real-time calculations. Patented charting tools: With 38 drawing tools and more than 60 technical indicators, as well as real-time data, users can draw lines and shapes on charts, facilitating price movement analysis, pattern recognition, and identification of potential market opportunities from the convenience of their mobile devices — anytime and anywhere. "While our tech capabilities have been crucial to our success over the years, our rapid growth over the years has been made possible by our deep understanding of the retail investment community in Singapore. Through our frank conversations with retail investors at roadshows and offline activities, we have gained deep insights into their investment objectives, and accordingly tailored our offerings in response to their needs. Such engagement with the retail community will continue to be at the heart of what we do, even we work towards the next significant milestone for Moomoo Singapore," Chia said. "This is deeply aligned with the objectives of SIAS, whose unrelenting commitment to protect the rights of retail investors in Singapore has been a role model for all. We will continue to work with SIAS to ensure that the voice of retail investors is heard, and to raise the standard of investor education in Singapore. On this occasion, I would like to wish SIAS a very happy 25th anniversary," he added. About Moomoo Singapore Moomoo Financial Singapore Pte. Ltd. (Moomoo Singapore) is an award-winning advanced financial technology company transforming the investing experience through our digitalised brokerage and wealth management platform – moomoo. Moomoo enhances the user experience with market data, news, and powerful analytical tools. Moomoo also embeds a unique digitalised investment community to connect all users, investors, companies, analysts, media and key opinion leaders. In Singapore, Moomoo Financial Singapore Pte. Ltd. (www.moomoo.com/sg) offers investment products for trading via the moomoo platform, and it is a capital markets services license holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000), Major Payment Institution (Licence No. PS20200617) holder with the Exempt Financial Adviser Status. In April 2024, Moomoo Singapore reached the 1 million users milestone in Singapore. Moomoo Private Wealth offers bespoke investment strategies for HNW and institutional clients. Backed by its cutting-edge technology platform, Moomoo Private Wealth offers a portfolio of innovative investment products that rival that of traditional private banks, and has been recognised by Asia Banking and Finance for its product excellence. Visit us at: https://www.moomoo.com/sg/private-wealth Our achievements include the Investment Tech of the Year award at the 2024 Asia Fintech Awards and the SIAS Best Retail Broker 2024.
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New survey finds UAE emerging as a global tech hub for Asian talent
Eight out of 10 Asian tech professionals recognise UAE's growing reputation as a tech hub; 45% of tech workers would relocate to the UAE, outperforming Germany and Hong Kong as a popular relocation destination for tech talent; 93% of respondents think it is important to have a government that is supportive of the tech industry DUBAI, UAE, Sept. 18, 2024 /PRNewswire/ -- A recent survey conducted by Capital.com, a global trading platform and the Middle East's fastest-growing technology company*, has revealed that the United Arab Emirates (UAE) is rapidly gaining recognition as a competitive tech hub. The survey polled 1,000 respondents across Singapore, Hong Kong, Vietnam and India, and found that 81% of Asian tech professionals view the UAE as a growing tech hub. A further 76% of respondents say the UAE provides a conducive environment for the tech industry. Tarik Chebib, CEO, Middle East, Capital.com The UAE's growing reputation as a burgeoning tech hub is fuelling interest among tech workers across the region, with nearly half (45%) of respondents expressing a willingness to relocate to the UAE for work, out-ranking countries like Germany (38%) and Hong Kong (20%) as popular relocation destinations. This places the UAE in close competition with other prominent destinations such as Singapore (46%), the UK (57%), and the US (52%) as preferred locations for relocation among tech professionals. Commenting on the findings, Tarik Chebib, CEO, Capital.com, Middle East, said: "With 8 in 10 respondents from our recent survey recognising the UAE as a competitive tech hub, it's clear that the region is gaining momentum as a favourable destination for tech talent. Asia's tech professionals have traditionally gravitated to cities in the UK, the US and Singapore to further their careers, so it's encouraging to see the UAE stand shoulder-to-shoulder with this cohort and get the recognition it deserves as an attractive location to live and work." Government support is the key factor contributing to UAE's growing reputation as a tech hub and relocation destination of choice. Of those surveyed, 93% think it is important to have a government that is supportive of the tech industry, highlighting the UAE's concentrated push to develop the country as a hotspot for international tech talent. The majority of those surveyed (74%) cite the UAE's banking, visa, special healthcare/health insurance packages, and real estate services for qualified tech professionals, as factors. More broadly, respondents also say that a high quality of life (60%), attractive remuneration (54%) and the UAE's strategic location (52%) also feed into their decision to relocate. "As a leading partner of the UAE's NextGenFDI initiative, we have seen first-hand the government's commitment to support and grow the tech sector. The UAE's business-friendly environment, forward-thinking policies, investment in innovation, and position as a gateway to the Middle East, Africa and Asia, makes it an ideal location for companies and talent alike. Capital.com is proud to contribute to the sector's growth and innovation in the UAE." said Chebib. While all respondents indicated a 'willingness' to relocate for work, 47% indicated that they are 'actively' looking to relocate, highlighting the huge potential for the UAE to attract and retain tech talent. "As a company operating in the UAE that is licensed by the Securities and Commodities Authority (SCA), we need to draw on an exceptional pool of talent to meet our exacting business and regulatory needs. This means searching for the best talent, from anywhere in the world. Given the UAE's pro-talent stance and growing appeal as a tech destination for professionals, we have had no problem recruiting talent from as far afield as the UK, Europe and Australia. Employees are eager to relocate to a country that not only supports their personal needs but also provides fertile ground for further development within the tech sector," added Chebib. Capital.com opened its UAE subsidiary and regional headquarters in March 2024. Based in Dubai, Capital Com MENA Securities Trading LLC (Capital Com MENA), is licensed and regulated by the UAE Securities and Commodities Authority (SCA). Capital.com is also a leading member of the UAE's #NextGenFDI initiative, a government-led initiative enabling cutting-edge companies from around the world to establish and expand their operations in the UAE. In 2022, Capital.com was a sponsor of the UAE's NextGen Talent initiative, which was aimed at developing the capabilities of local youth and preparing future leaders in the technology sector. Survey methodology: The survey was carried out between 11 and 28 July 2024 and fielded responses from 1,000 respondents who currently work in a variety of tech-related roles in Singapore, Hong Kong, Vietnam or India, and had declared they were open to relocating to another country for work. The sample split was 250 respondents from Hong Kong, 250 respondents from Singapore, 250 respondents from Vietnam, and 250 respondents from India. Notes to Editors About Capital.com: Capital.com enables clients to trade derivatives on more than 3,000 of the world's most popular indices, commodities, cryptocurrencies, shares, and currency pairs. In addition to its web and mobile-based platforms, Capital.com also provides clients with access to free education and trading tools to help them hone their trading knowledge. As a global fintech company with offices in London, Dubai, Limassol, Melbourne, Warsaw, and Vilnius, Capital.com is guided by a sustainability-led startup framework, prioritising smart partnerships with the public and private sector to help drive progress and sustainable growth. Capital Com (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 793714. Capital Com SV Investments Limited is Authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised to carry out Securities Business by the Securities Commission of The Bahamas with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under license number 20200000176. To find out more, please visit: www.capital.com This press release is for media use only. It's not intended for individual investors, and doesn't include personal advice or recommendations. DISCLAIMER Spread bets and/or CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.51% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider. You should consider whether you understand how spread bets and/or CFDs work and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd. Spread bets are available only to UK clients. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Capital Com (UK) Limited ("CCUK") is registered in England and Wales with company registration number 10506220. CCUK is authorised and regulated by the Financial Conduct Authority ("FCA"), under registration number 793714. Capital Com SV Investments Limited ("CCSV") is registered in Cyprus with company registration number 354252. CCSV is regulated by Cyprus Securities and Exchange Commission (CySEC) under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a limited liability company (company number 209236B) registered in the Commonwealth of The Bahamas and authorised to carry on Securities Business by the Securities by the Securities Commission of The Bahamas ("SCB") with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under license number 20200000176. Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as "investment research" has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.
