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Archive by category Economy & Finance

Private Credit Fund Manager ADM Capital Raises USD630m to Target Asia Pacific’s Small and Medium Enterprises; Hires Neil Harvey as Executive Chairman

HONG KONG, CHINA – May 12 (Korea Bizwire) – ADM Capital, the Hong Kong headquartered investment manager with specialist experience in Asia Pacific credit and sustainable investment, has raised USD630m in new assets, taking its total under management to USD2.4bn. These funds will be invested in the Asian credit markets and will target mid-sized companies. [...]

HDBank Joins Contour Network to Improve Letters of Credit Issuance

HO CHI MINH CITY, VIETNAM, May 6 (Korea Bizwire) – HDBank, the Vietnamese-based financial institution, has today joined Contour, the open trade finance network, to increase its ability to extend trade financing to more corporates. This addition to Contour’s blockchain-based network further strengthens its offering to the trade finance industry. HDBank is the latest financial [...]

Nasdaq Launches New Risk Modelling Service for the Insurance Industry

STOCKHOLM, Sweden and LONDON, April 27 (Korea Bizwire) — Today Nasdaq (Nasdaq: NDAQ) announced the launch of its upgraded Nasdaq Risk Modelling service, the first independent multi-vendor risk modelling service for the reinsurance industry. The cloud-based solution enables insurers, reinsurers, and brokers to unlock access to a broad range of best-of breed risk models from a number [...]

Moody’s Reaffirms B1 Credit Rating for HDBank Despite Pandemic Challenge

HO CHI MINH CITY, VIETNAM, April 24 (Korea Bizwire) – Moody’s Investors Service has reaffirmed the B1 credit rating for the Ho Chi Minh City Development JSC Bank (HDBank) amid a challenging market situation due to the impact of the Covid-19 pandemic and social distancing orders from the Government. In its press release, Moody’s said [...]

AGF Management Limited Reports First Quarter 2020 Financial Report

TORONTO, March 25 (Korea Bizwire) – AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the first quarter ended February 29, 2020. AGF reported total assets under management (AUM) of $37.4 billion compared to $38.8 billion in the same period in 2019. Average daily mutual fund AUM increased to $19.5 billion [...]

LiquidX Partners with Emirates NBD, a Leading Bank in the MENAT Region; Expands Geographic Presence

SINGAPORE, March 8 (Korea Bizwire) — LiquidX, the global network for illiquid assets, is excited to announce the addition of Emirates NBD to its network. Emirates NBD is a leading bank that is recognized as a digital thought leader in the MENAT region. Emirates NBD was also recently named the “Bank of the Year – [...]

KSEI Launches New CSD Solution from Nasdaq

STOCKHOLM, Sweden and JAKARTA, Indonesia, Feb. 26 (Korea Bizwire) – KSEI (PT Kustodian Sentral Efek Indonesia), the central securities depository (CSD) of Indonesia, has successfully gone live with a new CSD solution by market technology provider Nasdaq (Nasdaq: NDAQ). The new and state-of-the-art CSD platform from Nasdaq provides KSEI with increased capacity and speed, with the new [...]

Financial Planning Standards Board Reports Record Number of CERTIFIED FINANCIAL PLANNER Professionals Worldwide

Denver, Colorado, Feb. 25 (Korea Bizwire) – Financial Planning Standards Board Ltd. (FPSB), owner of the international CERTIFIED FINANCIAL PLANNER certification program outside the United States, reported another year of growth for the global CFP certification program in 2019, as the total number of CFP professionals worldwide rose to 188,104. With a net increase of 6,744 [...]

Ria Money Transfer Opens First Store in Singapore

LEAWOOD, Kan., Feb. 25 (Korea Bizwire) — Ria Money Transfer, a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT) and a global leader in the money transfer industry, today announced the opening of its first store in Singapore. Located in Kerbau Road 8 in the Little India area, customers can now send money with competitive foreign [...]