KUALA LUMPUR, April 16 (Bernama) -- The 225-year-old Swiss Bank Lombard Odier & Co Ltd has integrated LiquidityFX, smartTrade’s inhouse developed FX solution into its banking platform.
In a statement, smartTrade Technologies said LiquidityFX offered enhanced FX trading services to the bank’s clientele.
LiquidityFX is an end-to-end solution with connectivity to over 130 liquidity providers.
Aggregation, pricing, risk management, distribution and post-trade are integral functions of the platform which supports a range of instruments including FX Spot, Forwards, Swaps, NDF, Options and Precious Metals.
As part of a strategic approach to building its proprietary banking technology and fostering innovation, Lombard Odier constantly seeks to strengthen its services.
By integrating a flexible trading services solution into its proprietary wealth management platform G2, it offers a comprehensive set of tailored FX trading functionalities to its private, institutional and third party clients.
According to smartTrade’s Chief Executive Officer David Vincent, LiquidityFX is the perfect fit for Lombard Odier.
“Liquidity FX’s rich functionality will enable Lombard Odier to further expand its FX trading business in line with its growth strategy whilst offering an improved service to both its wealth and institutional clients.”
-- BERNAMA
Friday, 16 April 2021
TUGU INSURANCE COMPANY LIMITED OUTLOOKS REVISED TO STABLE -- AM BEST
KUALA LUMPUR, April 15 (Bernama) -- AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of ‘bbb-’ of Tugu Insurance Company Limited (TIC) Hong Kong.
The Credit Ratings (ratings) reflect TIC’s balance sheet strength, which AM Best assessed as strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
Based on a statement, the revised outlooks reflect the strategic planning and reduced level of uncertainty over TIC’s capitalisation and business profile over the short to intermediate term.
As TIC has formulated a new business plan, AM Best believes that TIC will continue to be an operating company of PT Asuransi Tugu Pratama Indonesia Tbk, on a going concern basis over the short to medium term.
TIC’s strongest level of risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, remained supportive of its balance sheet strength in 2019 and 2020.
However, the company’s capital and surplus exhibited volatility over the past five years, driven by revaluation gains and losses arising from its large yet concentrated investment in real estate.
TIC remains a small player in Hong Kong’s highly competitive and fragmented non-life market.
Going forward, TIC aims to diversify its product offerings in Hong Kong’s insurance market, including personal motor and property lines, by strengthening its distribution partnerships with brokers and agents.
AM Best expects the company to benefit from a more stable claims experience and improved management expense efficiency from a growing earned premium base.
-- BERNAMA
Thursday, 15 April 2021
AGTHIA BEGINS TRANSFORMATIONAL JOURNEY TO BECOME F&B LEADER BY 2025
KUALA LUMPUR, April 14 (Bernama) -- Agthia Group PJSC revealed its long-term strategy to become an F&B leader in the Middle East, North Africa and Pakistan (MENAP) region and beyond by 2025.
The strategy is built on three strategic pillars (growth, efficiency and capability) and is designed to extend the Group’s market leadership, provide significant value for all stakeholders and continue to drive profitability growth with a consumer-centric approach.
The Abu Dhabi-based organisation is engaged in manufacturing, distribution and marketing of a wide range of F&B products, including popular regional brands such as Al Ain (water), Al Foah (dates), Al Faysal Bakery & Sweets (bakery) and Grand Mills (flour and bakery).
Agthia Group Chairman, Khalifa Sultan Al Suwaidi said: “The strategy will unleash the full potential of the exceptional capabilities we have built, create greater opportunities for our people, and act as a catalyst for us to again set new benchmarks in the F&B industry.”
In a statement, Agthia Group Chief Executive Officer, Alan Smith, said: “Our strategy stems from an indepth assessment of the business and a clear vision of where we want to go. We will continue to get leaner, protect our core business and ensure that our progress is agile and deliberately paced.”
On growth, Agthia will deliver by upscaling in priority markets, expanding into value-add categories and driving margin improvement by 2025.
“The strategy will generate cost and revenue synergies through cross-selling opportunities and enhancing the Group’s regional brand portfolio,” explained Smith.
Agthia’s key focus for the next five years includes digitalising performance management systems and implementing change initiatives across the board with continued emphasis on sustainability and innovation.
The Group will continue to drive efficiencies in its operations, optimise product portfolio, maintain a principled allocation framework and adopting a best-in-class Environment, Social & Governance agenda to enhance consumer experience and deliver shareholder returns in line with global standards.
For more information, visit www.agthia.com
-- BERNAMA
Agilent one of Singapore’s Best Employers
KUALA LUMPUR, April 14 -- Agilent Technologies Inc has announced that Agilent Singapore is recognised as one of Singapore’s Best Employers in 2021 for the second year running by The Straits Times, a leading Singapore-based newspaper.
Specifically, Agilent is ranked among the top 100 companies and fifth out of eight in the Drugs & Biotechnology category, according to a statement.
“This year, Agilent Singapore is among the top 100 positions compared to our 108th ranking last year, so we’ve continued to excel -- even during COVID,” said Woai-Sheng Chow, Agilent Singapore Vice President and General Manager, Global Instrument Manufacturing.
Rankings were determined on the results of an extensive independent survey conducted by the newspaper and global research firm, Statista, including more than 9,000 employees working at companies with over 200 people.
Employees were consulted anonymously through several online panels and through The Straits Times website.
Agilent Technologies is a global leader in life sciences, diagnostics and applied chemical markets, delivering insight and innovation toward improving the quality of life.
For more information on Agilent, visit www.agilent.com.
-- BERNAMA
547 ENERGY PARTNERS INDUSTRY VETERAN ANDY KINSELLA FOR COMPANY LAUNCH
KUALA LUMPUR, April 14 (Bernama) -- An affiliate of 547 Energy LLC (547 Energy), the clean energy investment platform of Quantum Energy Partners (Quantum), has partnered with European clean energy industry veteran, Andy Kinsella to launch a new company.
The launch aims at developing, constructing, owning, and operating a multi-gigawatt portfolio of onshore wind, solar and energy storage projects throughout Europe.
According to a statement, the new platform, Aer Soléir, will be headquartered in Dublin, Ireland.
Chief Executive Officer (CEO) & President of 547 Energy, Gabriel Alonso said: “The European Green Deal provides the policy roadmap to transition Europe to a clean energy economy and sets into motion Europe’s political ambition to be the world's first climate-neutral continent by 2050.”
“We believe there is no better time than now to invest in the accelerating clean energy transition and are thrilled to partner with Andy as he leads the charge in this new venture.”
Meanwhile, Founding Partner and CEO of Aer Soléir, Kinsella said: “We look forward to supplying safe, reliable, and valuable clean energy to our customers and to delivering superior returns for our investors.”
Kinsella brings over 35 years of experience in the international energy sector and has held leadership positions at companies including Ireland’s Electricity Supply Board (ESB), ESB International, GE, Siemens and most recently, Mainstream Renewable Power where he served as CEO.
More details at www.quantumep.com.
-- BERNAMA
GLOBAL EMPLOYEE RELOCATIONS SERVED BY WHR'S INTERNATIONAL OFFICES
MILWAUKEE, Wis., April 14 (Bernama-GLOBE NEWSWIRE) -- During 2020, WHR Group, Inc. (WHR) opened international offices in Singapore, and Basel, Switzerland, to support its global employee relocation services. These offices provide a range of services including pre-assignment, transition, on assignment and repatriation services to multi-language expatriate transferees. Along with its U.S. headquarters in Milwaukee, Wis., WHR helps some of the largest organizations in the world and has relocated hundreds of thousands of employees to over 120 countries worldwide.
Solely and independently owned since its inception 26 years ago, WHR specializes in providing each expatriate with a dedicated relocation team, white glove service and 24/7 availability for the entire relocation process – long or short-term assignments.
The Switzerland office supports clients and their transferees in Europe, the Middle East and Africa, while the Singapore office supports the Asia Pacific region. “While Covid-19 dramatically slowed the ability of individuals to cross borders, we persisted in opening these offices to fulfil our client obligations and be prepared to meet future demand,” says WHR President, Paul De Boer. “We anticipate a very healthy rebound once the pandemic ends, and we have our foundation in place to service any global expansion our clients demand.”
About WHR Group, Inc.
WHR Group Inc. (WHR) is a privately owned, client-driven global relocation management company distinguished by its best-in-class service delivery and cutting-edge, proprietary technology. WHR has offices in Milwaukee, Wis., Switzerland, and Singapore. With its 100% client retention rate for the past decade, WHR continues to position itself as the trusted provider in global employee relocation. To learn more about WHR, visit http://www.whrg.com, or follow @WHRGroup on LinkedIn, Twitter and Facebook.
http://mrem.bernama.com/viewsm.php?idm=39807
PRA’S DIGITAL HEALTH TECHNOLOGY TO BENEFIT MARYLAND-BASED PHYSICIANS
KUALA LUMPUR, April 14 (Bernama) -- PRA Health Sciences company, Care Innovations has been selected by Maryland State Medical Society (MedChi) to be preferred remote patient monitoring, telehealth, and digital health services provider.
According to a statement, the services will benefit MedChi’s network of more than 22,000 licensed physicians who practice across over 50 medical specialties.
Maryland physicians now have a trusted provider to quickly deploy a secure and privacy-compliant system for maintaining patients’ care remotely, including routine visits and chronic disease management.
Remote patient monitoring is an important component of healthcare that contributes to better patient outcomes and higher patient satisfaction.
By capturing medical information automatically and remotely, RPM offers comprehensive, patient-centric care, particularly for elderly and high-risk patients.
By selecting Care Innovations, physicians will receive the physician and patient-facing technology, including the remote patient monitoring platform, Health Harmony mobile app, nurse-led coordinating centre, and internet-connected devices, such as blood pressure cuffs.
Patients can use these medical devices and the mobile app to manage their care at home, while their physicians monitor the data remotely.
In addition, physicians can elect for monthly care management, which allows for billing for services pertaining to Medicare CPT RPM codes for patients that meet the requirements.
More details at www.prahs.com.
-- BERNAMA
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