KUALA LUMPUR, July 22 (Bernama) -- Aite Group LLC and Novarica Inc have joined forces to create the leading advisory firm, Aite-Novarica Group.
The firm focuses on helping executives from banks, payment providers, insurers, securities firms and their respective service providers respond to important technology, market, operations, and regulatory changes, according to a statement. “We have a tremendous opportunity to leverage our subject-matter experts’ hundreds of years of collective industry experience to advise financial services executives on their most critical decisions,” said a former Corporate Executive Board (CEB) executive who is the new Chief Executive Officer (CEO) of the combined company, Kurt Reisenberg. Meanwhile, former CEO of Novarica and head of Research Councils for Aite-Novarica Group, Matthew Josefowicz said: “Our entire team is looking forward to bringing additional insights from adjacent financial services verticals and specialised areas such as fraud, anti-money laundering, and cybersecurity to our insurer CIO clients.” “We are excited about providing new depths of technology leadership experience and advisory capabilities to all of our clients, and about having more impact on decision-makers in the insurance industry,” said former managing partner of Aite Group and head of Products and Strategy for Aite-Novarica Group, Sang Lee. The combined company offers over 70 analysts and industry practitioners based in North America and Europe with extensive expertise across all subsectors of the financial services industry. It also offers a library of more than 3,000 reports covering the last 16 years of financial services technology innovations, and insights drawn from deep relationships with hundreds of banks, payments providers, insurers, and securities firms. In addition, an executive advisory business based on deep relationships with hundreds of Chief Information and Technology Officers, and detailed analysis of leading vendors across nearly every financial services vertical are also offered. The respective firms will continue to maintain their own separate web presences and research libraries through the end of 2021 at https://aitegroup.com and https://novarica.com. More details about Aite-Novarica Group at https://aite-novarica.com. -- BERNAMA
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Keysight Technologies recognised overall winner of Employee Experience Awards 2021 Malaysia22/7/2021 KUALA LUMPUR, July 19 -- Keysight Technologies Inc, a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, was honoured as the first overall winner of the Employee Experience Awards 2021 Malaysia. The award is based on a programme developed by Human Resources Online and is deeply rooted in the three cornerstones for positive employee experiences: leadership, learning and engagement, according to a statement. “We are honoured to receive this award in recognition of the innovative and meaningful HR programmes that the Malaysia HR team has contributed to proactively engage employees and create positive employee experiences despite the unprecedented pandemic. “By reimagining the future in the new normal, we are inspired to redefine our roles and seek ways to make Keysight a great place to work for our employees,” said vice president of Asia Pacific Human Resource at Keysight Technologies, Angela Cheong. Meanwhile, senior vice president of Keysight Technologies, and president of Keysight Malaysia, Gooi Soon Chai, said: “Keysight is proud of the many contributions made by our employees to help drive our business, maximise our corporate value, and accelerate our customers' success.” In addition to receiving the honour of overall champion of the year, Keysight also received six prestigious awards including Best Women Leadership Programme - Gold; Best Career Development Programme - Gold; and Best Learning & Development Programme - Gold. More details at www.keysight.com. -- BERNAMA KUALA LUMPUR, July 19 -- Zoom Video Communications Inc has announced entering a definitive agreement to acquire Five9 Inc, a leading provider of the intelligent cloud contact centre, in an all-stock transaction valued at approximately US$14.7 billion. (US$1 = RM4.215)
Combining Five9’s Contact Center as a Service (CCaaS) solution with Zoom’s broad communications platform will transform how businesses connect with customers, building the customer engagement platform of the future. The acquisition is expected to help enhance Zoom’s presence with enterprise customers and allow it to accelerate its long-term growth opportunity by adding the US$24 billion contact centre market. “We are continuously looking for ways to enhance our platform, and the addition of Five9 is a natural fit that will deliver even more happiness and value to our customers,” said Zoom Chief Executive Officer and Founder, Eric S. Yuan, in a statement. “Zoom is built on a core belief that robust and reliable communications technology enables interactions that build greater empathy and trust, and we believe that holds particularly true for customer engagement,” he said. According to Five9 Chief Executive Officer, Rowan Trollope, joining forces with Zoom will provide Five9’s business customers access to best-of-breed solutions, particularly Zoom Phone, enabling them to realise more value and deliver real results for their business. Following the close of the transaction, Five9 will be an operating unit of Zoom and Trollope will become a President of Zoom and continue as CEO of Five9, reporting to Yuan. Goldman Sachs & Co LLC serves as exclusive financial adviser and Cooley LLP, as legal counsel to Zoom. Qatalyst Partners is serving as exclusive financial adviser and Latham and Watkins LLP serves as legal counsel to Five9. -- BERNAMA NEW YORK, July 21 (Bernama-GLOBE NEWSWIRE) -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $105 million loan to Fort Partners for the acquisition and modernization of the Four Seasons Hotel Miami located at 1435 Brickell Avenue in Brickell, Florida. The loan was originated from Madison’s income strategy that offers transitional loans to institutional sponsors. In 2019, Madison provided a $210 million loan to Fort Partners for its construction of the Four Seasons Hotel and Private Residences Fort Lauderdale.
“We are pleased to continue our work with Fort Partners, a best-in-class developer with a strong track record in South Florida, and deliver a timely, customized financing solution for this exciting project,” said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital. “Fort Partners, in close collaboration with Four Seasons, have put forth a strong plan that will modernize the property focused on enhancing room configurations, pool deck and lobby, and upgrade the food & beverage options by partnering with renowned chefs and restaurateurs. Moreover, Brickell is an attractive, established neighborhood in Miami that caters to both tourists and business clients given its proximity to South Beach. We look forward to supporting Fort Partners in the future.” “This is our second large loan with Madison Realty Capital, and again they executed quickly and delivered certainty of execution. Madison offered a highly competitive rate with a flexible structure that will allow us to effectively implement our renovation and repositioning plan for this strategic asset,” said Michael Conaghan, partner with Fort Partners LLC. The 221-key hotel is part of a 70-story mixed-use tower that includes class-A office space, residential condominiums, an Equinox health club, retail space and a parking garage. Millennium Partners developed the property in 2003 and Handel Architects led the design. The acquisition marks the fourth Four Seasons property in Fort Partners’ Florida portfolio alongside hotels located in Surfside, Fort Lauderdale, and Palm Beach. JLL Managing Director Jim Dockerty, Senior Managing Director, Kevin Davis, and Managing Director, Mark Fisher represented Fort Partners in the deal. About Madison Realty Capital Madison Realty Capital is a vertically integrated real estate private equity firm that manages approximately $6 billion in total assets on behalf of an institutional global investor base. Since 2004, Madison Realty Capital has completed more than $15 billion in transactions in the U.S. providing reputable borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with offices in Los Angeles and Miami, the firm has over 60 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com. http://mrem.bernama.com/viewsm.php?idm=40572 Pioneer of executive search celebrates 75 years of growth, resilience and excellence in client service
NEW YORK, July 21 (Bernama-GLOBE NEWSWIRE) -- Boyden, a premier leadership and talent advisory firm with more than 75 offices in over 45 countries, celebrates its 75th anniversary, strengthening core services, further expanding its footprint and providing talent management solutions to clients worldwide. “We are very proud of our longevity and the resilience shown by our partners and clients as we continue to grow our global firm,” said Trina D. Gordon, President & CEO of Boyden. “Boyden is truly a purpose-driven organization. Every partner is committed to being part of the solution to the varied and complex challenges faced by our clients and communities. Through our evolving strategy we provide the intelligence, resources and expertise to meet our clients’ growth aspirations”. The firm has evolved its strategy as the needs of business and leaders have changed, reshaping leadership and talent management through core services in executive search, interim management and leadership consulting. As a pioneer in the executive search industry, finding the right leadership for organisations across the globe is at the heart of Boyden’s services. In addition to executive search, demand for interim managers is soaring across Europe and worldwide as clients leverage different talent solutions for digital change and transformation. As leadership is reimagined post pandemic, Boyden’s global leadership consulting Centre of Excellence provides a combination of innovation, scientific research and industry knowledge to global clients. Boyden ranks among the top firms in its industry and is acknowledged as a leader in client service. Clients value the firm’s culture as a global boutique and the experience of working with partners known for being astute, collaborative, enterprising and worldwise. Founded in 1946 in New York by Sidney Boyden, the firm has grown worldwide since the opening of its first international office in Geneva, Switzerland, in 1962. In the last two years, eight new offices have been added covering Belgium, Boston, Greece, Ireland, Princeton, Russia, China & Singapore, and Taiwan & South Korea, five of which were opened at the height of the pandemic. “Our leadership team has done an exceptional job in recruiting and onboarding new partners in recent years, particularly during the pandemic,” commented Craig Stevens, newly-appointed Chair, Boyden World Corporation. “Expanding our services enables Boyden to sustain our own growth and global capabilities in helping clients to achieve the right leadership outcomes.” As clients seek to evolve their organisations, Boyden addresses major challenges in leadership and trade, curating research and high-level discussions on leadership talent, diversity, equity & inclusion and sustainability issues. Outgoing Chair Jörg Kasten, and Managing Partner, Germany added, “We have built on the exceptional legacy of Sidney Boyden to create one of the strongest international search and advisory firms in the world. We are deeply embedded in the sectors we serve and look to the future with confidence, based on the strength of our global relationships and collaborative spirit”. About Boyden Boyden is a premier leadership and talent advisory firm with more than 75 offices in over 45 countries. Our global reach enables us to serve client needs anywhere they conduct business. We connect great companies with great leaders through executive search, interim management and leadership consulting solutions. Boyden is ranked amongst the top companies on Forbes’ Americas Best Executive Recruiting Firms for 2021. For further information, visit www.boyden.com. Contacts: Chris Swee Global Head of Marketing T: +1 914 747 0172 E: [email protected] Source: Boyden --BERNAMA NEW YORK, July 21 (Bernama-BUSINESS WIRE) -- Riskified Ltd. (“Riskified”), a fraud management platform enabling frictionless eCommerce, today announced the launch of its initial public offering of 17,500,000 Class A ordinary shares. The offering consists of 17,300,000 Class A ordinary shares offered by Riskified and 200,000 Class A ordinary shares to be sold by one of Riskified’s existing shareholders. Riskified will not receive any proceeds from the sale of the shares by the selling shareholder. The underwriters will have a 30-day option to buy an additional 2,625,000 Class A ordinary shares from Riskified at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is currently expected to be between $18.00 and $20.00 per share. Riskified intends to list its Class A ordinary shares on the New York Stock Exchange under the ticker symbol “RSKD”.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as lead book-running managers for the proposed offering. Barclays Capital Inc., KeyBanc Capital Markets Inc., Piper Sandler & Co., Truist Securities, Inc. and William Blair & Company, L.L.C. are joint book-running managers for the proposed offering. Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc., Siebert Williams Shank & Co., LLC and Stern Brothers & Co. are acting as co-managers for the proposed offering. The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus related to the offering may be obtained, when available, from Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York, 10282, by email at [email protected], or by telephone at 866-471-2526; J.P. Morgan Securities LLC, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717, by email at [email protected], or by telephone at 1-866-803-9204; and Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, New York, 10010, by email at [email protected], or by telephone at 800-221-1037. A registration statement on Form F-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Riskified Ltd. Riskified empowers businesses to realize the full potential of eCommerce by making it safe, accessible, and frictionless. Riskified has built a next-generation eCommerce risk management platform that allows online merchants to create trusted relationships with their consumers. Leveraging machine learning that benefits from a global merchant network, Riskified’s platform identifies the individual behind each online interaction, helping merchants—Riskfied’s customers—eliminate risk and uncertainty from their business. Riskified drives higher sales and reduces fraud and other operating costs for its merchants and strives to provide superior consumer experiences, as compared to its merchants’ performance prior to onboarding Riskified. View source version on businesswire.com: https://www.businesswire.com/news/home/20210719005324/en/ Contact Investor Relations Contact: Chris Mammone, The Blueshirt Group for Riskified [email protected] Corporate Communications: Rowena Kelley [email protected] Source : Riskified Ltd. --BERNAMA KUALA LUMPUR, July 21 (Bernama) -- Blue California has joined with the innovative Massachusetts-based biotech company Conagen to announce commercialisation of high-purity, fermentation-derived nicotinamide mononucleotide (NMN).
NMN is a nature-based metabolic component which has caught the attention of health-conscious consumers for supporting energy and longevity, according to a statement. NMN supplements are highly sought-after for healthy aging applications, including brain health, vitality, heart health, metabolic health, and even cosmetics. However, current NMN ingredients used in products on the market are mostly produced by chemical synthesis. “Our fermentation-derived offering is well-positioned to capitalise on the growing recognition of NMN as an important ingredient in the food and supplement spaces,” said Chief Science Officer at Blue California, Dr Priscilla Samuel. “Because of the way we make it, Conagen’s NMN is of the highest purity and quality. It is also very cost-effective and compatible with clean-label trends, all of which demonstrates our strength as a strategic partner with Blue California,” said VP of Innovation at Conagen, Dr Casey Lippmeier. While consumers are exploring dietary supplements for a holistic approach to health, they are also demanding clean labels from their supplements, and moving away from synthetic ingredients. Blue California’s fermentation-derived NMN opens new opportunities for producers to consider consumers' health more holistically while acquiring a closer-to-nature position. NMN serves as a precursor to nicotinamide adenine dinucleotide (NAD+), a coenzyme present in all living cells and critical for mitochondrial function. Increased intracellular levels of NAD+ boost energy production and improve cellular health, but levels decline dramatically with age. Replenishing NAD+ in the body with its precursor NMN has been proposed as a way to possibly combat age-related degeneration and increase healthy lifespan. More details at www.bluecal-ingredients.com. -- BERNAMA CILT INTERNATIONAL - NEXT-DAY DELIVERY DEMAND WILL DRIVE UP CARBON EMISSIONS WITHOUT CHANGE21/7/2021 Decarbonisation named “single greatest long-term challenge” to supply chain by international transport & logistics leader LONDON, July 21 (Bernama-BUSINESS WIRE) -- Growing demand for e-commerce delivery will result in 36% more delivery vehicles in inner cities by 2030 according to the Chartered Institute of Logistics and Transport (CILT) International. These findings come despite new policy proposals from the UK and EU in the ongoing global pursuit of net-zero carbon emissions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210721005428/en/ Keith Newton, Secretary-General of the Chartered Institute of Logistics and Transport International, said: “Policy commitments to decarbonisation are a necessary start, but if governments are to actually make a difference and achieve net zero emissions, they need to act as bridge between businesses, consumers, and transport industry professionals. Decarbonisation is the single greatest long-term challenge facing the transport and logistics industry, but lasting positive change will only come with changes in business and consumer habits. “Put simply, businesses are influenced by consumer decisions. If there is continued consumer demand for services such as next day delivery, businesses will understandably continue to provide them, driving a rise in vehicle demand and emissions levels.” CILT International further found that consequently, emissions from delivery traffic will increase by 32% and congestion will rise by over 21%, equalling an additional 11 minutes of commute time for each passenger every day. These figures do not account for additional factors such as the impact of Next Day Delivery: same-day and instant delivery are the fastest-growing segments in the last-mile. For example, Amazon in their key markets despatch 75% of their parcels on a next day basis.
CILT INTERNATIONAL - NEXT-DAY DELIVERY DEMAND WILL DRIVE UP CARBON EMISSIONS WITHOUT CHANGE PETALING JAYA, July 16 (Bernama) -- The Malaysian Government is strengthening the regulatory reform agenda through the National Policy on Good Regulatory Practice (NPGRP) which has been approved by the Chief Secretary to the Government on 22 June 2021. Implementation of NPGRP is expected to boost national productivity level and global competitiveness, which in turn may garner better economic growth and foreign investments.
Malaysia Productivity Corporation (MPC), an agency under the Ministry of International Trade and Industry (MITI) has been mandated to promote and support the implementation of NPGRP which includes undertaking outreach & promotion and providing advisory and training to assist regulators in complying with the national policy. MPC has also been the overseeing body for continuous regulatory reform efforts in Malaysia. Dato’ Abdul Latif Haji Abu Seman, MPC Director General said, “NPGRP is a significant milestone for Malaysia’s journey in regulatory reform agenda. The national policy is expected to standardise and stabilise Malaysia’s regulatory environment as regulatory bodies are now instructed to align their practices to Good Regulatory Practice (GRP) as stated in Pekeliling Am Bilangan 1 Tahun 2021 effective 22 June 2021.” “Regulatory reform agenda is not new in our country. It started in 2013 through the introduction of National Policy on Development and Implementation of Regulations (NPDIR). NPGRP is an update version of NPDIR with improvements based on the principles of Whole-of-Government approach, accountability, transparency, accessibility, inclusivity, cost-benefit assessment, predictability, and proportionality”. “We understand that inconducive and confusing regulatory environment can discourage businesses and investors. This can demean a country’s plus points as a destination of choice for investments. Thus, a holistic take to a supportive regulatory ecosystem is crucial to enhance business efficiency. Malaysia is committed to this agenda”, Dato’ Abdul Latif added. Malaysia’s regulatory reform journey has marked several achievements in the global arena. In World Bank’s Doing Business (DB) 2020 report, the overall ease of doing business in Malaysia was ranked at 12th position from 190 economies. DB ranking is based on the comprehensive 10 sets of indicators which assess regulatory quality and delivery. DB 2020 also recorded Malaysia’s impressive ranking in the 2nd position in dealing with construction permits. The upturns denote Malaysia’s positive trajectory in enhancing the ease of doing business and overall business environment to boost Malaysia’s productivity growth and competitive advantage. As indicated from the international reports, MPC reiterates that Malaysia is on the right track in regulatory reform agenda to enhance the country’s business climate. MPC emphasises that continuous and concerted efforts are in place from the national policy to enforcement on the ground to improve the regulatory environment, a key driver to business environment. The business community, either local or foreign companies, are strongly urged to channel their business regulatory concerns via MPC’s #MyMudah initiative at http://mymudah.mpc.gov.my/ . About Malaysia Productivity Corporation (MPC) Malaysia Productivity Corporation (MPC) is a statutory body under the Ministry of International Trade and Industry (MITI). MPC promotes productivity, quality and competitiveness to the industries and organisations in Malaysia. MPC's vision is to be the leading organisation in productivity enhancement for global competitiveness and innovation. Released by MALAYSIA PRODUCTIVITY CORPORATION Source: Malaysia Productivity Corporation (MPC) FOR MORE INFORMATION, PLEASE CONTACT: Name: Nik Haneez Amizan Nik Rosdi Corporate & Planning Development Division (CPD) Tel: +603-7951 2394 / 019-7181804 Email: [email protected] --BERNAMA PETALING JAYA, July 16 (Bernama) -- The Malaysian Government is strengthening the regulatory reform agenda through the National Policy on Good Regulatory Practice (NPGRP) which has been approved by the Chief Secretary to the Government on 22 June 2021. Implementation of NPGRP is expected to boost national productivity level and global competitiveness, which in turn may garner better economic growth and foreign investments.
Malaysia Productivity Corporation (MPC), an agency under the Ministry of International Trade and Industry (MITI) has been mandated to promote and support the implementation of NPGRP which includes undertaking outreach & promotion and providing advisory and training to assist regulators in complying with the national policy. MPC has also been the overseeing body for continuous regulatory reform efforts in Malaysia. Dato’ Abdul Latif Haji Abu Seman, MPC Director General said, “NPGRP is a significant milestone for Malaysia’s journey in regulatory reform agenda. The national policy is expected to standardise and stabilise Malaysia’s regulatory environment as regulatory bodies are now instructed to align their practices to Good Regulatory Practice (GRP) as stated in Pekeliling Am Bilangan 1 Tahun 2021 effective 22 June 2021.” “Regulatory reform agenda is not new in our country. It started in 2013 through the introduction of National Policy on Development and Implementation of Regulations (NPDIR). NPGRP is an update version of NPDIR with improvements based on the principles of Whole-of-Government approach, accountability, transparency, accessibility, inclusivity, cost-benefit assessment, predictability, and proportionality”. “We understand that inconducive and confusing regulatory environment can discourage businesses and investors. This can demean a country’s plus points as a destination of choice for investments. Thus, a holistic take to a supportive regulatory ecosystem is crucial to enhance business efficiency. Malaysia is committed to this agenda”, Dato’ Abdul Latif added. Malaysia’s regulatory reform journey has marked several achievements in the global arena. In World Bank’s Doing Business (DB) 2020 report, the overall ease of doing business in Malaysia was ranked at 12th position from 190 economies. DB ranking is based on the comprehensive 10 sets of indicators which assess regulatory quality and delivery. DB 2020 also recorded Malaysia’s impressive ranking in the 2nd position in dealing with construction permits. The upturns denote Malaysia’s positive trajectory in enhancing the ease of doing business and overall business environment to boost Malaysia’s productivity growth and competitive advantage. As indicated from the international reports, MPC reiterates that Malaysia is on the right track in regulatory reform agenda to enhance the country’s business climate. MPC emphasises that continuous and concerted efforts are in place from the national policy to enforcement on the ground to improve the regulatory environment, a key driver to business environment. The business community, either local or foreign companies, are strongly urged to channel their business regulatory concerns via MPC’s #MyMudah initiative at http://mymudah.mpc.gov.my/ . About Malaysia Productivity Corporation (MPC) Malaysia Productivity Corporation (MPC) is a statutory body under the Ministry of International Trade and Industry (MITI). MPC promotes productivity, quality and competitiveness to the industries and organisations in Malaysia. MPC's vision is to be the leading organisation in productivity enhancement for global competitiveness and innovation. Released by MALAYSIA PRODUCTIVITY CORPORATION Source: Malaysia Productivity Corporation (MPC) FOR MORE INFORMATION, PLEASE CONTACT: Name: Nik Haneez Amizan Nik Rosdi Corporate & Planning Development Division (CPD) Tel: +603-7951 2394 / 019-7181804 Email: [email protected] --BERNAMA |
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