I-Bytes Financial services Industry

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I-Bytes
Financial Services
March Edition 2020
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates................................................................................................................................................14
3. Rewards and Recognition Updates..................................................................................................................20
4. Customer Updates.............................................................................................................................................30
5. Partnership Ecosystem Updates......................................................................................................................35
6. Miscellaneous Updates.....................................................................................................................................44
7. Event Updates...................................................................................................................................................45

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Financial, M & A
Financial Services Industry

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Financial, M&A Updates
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Regional Rail (UK) continues its growth with acquisition of Carolina Coastal
Railway
3i-backed Regional Rail, a leading owner and operator of short-line freight railroads
and rail-related businesses in the U.S., has agreed to acquire Carolina Coastal Railway,
Inc. which operates 180 miles of freight railroad in North Carolina and South Carolina,
subject to authorization from the Surface Transportation Board. Carolina Coastal
provides freight transportation and car-storage services to over 45 blue-chip customers,
operating across a variety of end markets, primarily in eastern North Carolina. 3i
invested in Regional Rail in July 2019 and subsequently expanded the platform in
January 2020 with the acquisition of Pin sly Railroad Company’s Florida operations.
Today, the company provides freight transportation, railcar storage and transloading
services in New York, Pennsylvania, Delaware and Florida across six railroads with
over 360 miles of track connecting into a diversified Class 1 railroad network. In 2018,
the combined company moved over 29,000 carloads while serving over 140 customers
across an extensive set of end-user markets including heating, fuel blending, food &
beverage, agriculture, chemicals and metals. In addition to freight-rail transportation,
the company also provides railroad-crossing signal design, construction, inspection and
maintenance services to a diverse base of over 100 short-line and industrial customers
across 20 states.
Executive Commentary
“Carolina Coastal is a great fit with Regional Rail as it benefits from an attractive
mix of industrial customers and further diversifies our existing freight-rail platform
from an end-market and geographic perspective. We look forward to welcoming all
of the Carolina Coastal employees to Regional Rail and working with them to
continue the company’s successful growth.” Said CEO of 3i-backed Regional Rail.
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AMG (USA) Announces Investment in Comvest Partners
Affiliated Managers Group, Inc., a global asset management company, has acquired a
minority equity interest in Comvest Partners. The Comvest management team will be
investing 100% of the transaction proceeds directly into future funds to support the
firm’s growth initiatives. Following the transaction, the senior partners of Comvest will
continue to own a significant majority of the equity of the business. With
approximately $3.7 billion in assets under management, Comvest is a leading
middle-market private equity and credit investment firm, and with its extensive capital
resources and broad network of industry relationships, the firm offers financial,
strategic and operational support, and business development assistance to growing
companies. The firm has approximately 100 employees, including 54 investment
professionals. Comvest serves a broad range of limited partners worldwide and has
demonstrated strong retention and expansion of its LP group since its founding in 2000.
AMG is a global asset management company with equity investments in leading
boutique investment management firms. AMG’s strategy is to generate long‐term value
by investing in leading independent active investment managers, through a proven
partnership approach, and allocating resources across the Company's unique
opportunity set to the areas of highest growth and return. AMG’s innovative partnership
approach allows each Affiliate’s management team to own significant equity in their
firm while maintaining operational autonomy.
“Comvest operates in the highly attractive segments of private credit and private
equity. With its 20-year investment track record; differentiated approach to making
debt and equity investments in middle-market, entrepreneurial businesses; and
highly developed systems, processes, and origination capabilities, Comvest has
distinguished itself as a leader in this fast-growing area of the private markets,” said
President and Chief Executive Officer of AMG. Our partnership with Comvest
demonstrates the ongoing appeal of AMG’s innovative model, including our ability
to provide growth capital and our proven distribution capabilities to both alternative
and traditional firms. Against the backdrop of strong client demand for private equity
and private credit, and increasing client allocations to this segment of the market in
particular, Comvest has outstanding forward prospects. I am very pleased to
welcome Michael Falk and his partners to our Affiliate group, and our teams look
forward to working together on a variety of initiatives to enhance the firm’s future
growth.”
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Aon (UK) acquires Cytelligence, a leading international cyber security firm with deep
expertise in cyber incident response and digital forensic investigations
Aon plc, a leading global professional services firm providing a broad
range of risk, retirement and health solutions, announced the acquisition
of Cytelligence Inc, a Canadian-based cyber security firm that provides
incident response advisory, digital forensic expertise, security
consulting services and cyber security training for employees to help
organizations respond to cyber security threats and strengthen their
security position. The acquisition will help Aon expand its current
coverages within the cyber market at a time when cyber claims are
almost doubling year-over-year. The 2019 Cybersecurity Almanac
published by Cisco and Cybersecurity Ventures predicts that cyber
events will cost $6 trillion annually by 2021, as companies are
digitizing most of their processes and are often operating remotely.
Global cyber insurance premiums are expected to grow from $4 billion
in 2018 to $20 billion by 2025. According to Aon's 2019 Global Risk
Management Survey, cyber-attacks were identified as a top ten risk
facing organizations and is predicted to be one of the top three risks for
organizations in 2022.
"As the number of network intrusions, data breaches, ransomware
attacks, and similar threats continues to increase in both frequency
and severity, expertise in cyber incident response becomes critical to
organizations and insurance companies," said CEO of Aon's Cyber
Solutions. The Cytelligence team are deep experts in cyber incident
response, ransomware mitigation, and cyber security training for
employees, which will help cement our position in both North
America and globally as an industry leader."
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CME Group Inc. (USA) Reports Fourth-Quarter and Full-Year 2019 Financial
Results
• The company reported revenue of $1.1 billion and operating income of $573 million
for the fourth quarter of 2019.
• Net income was $469 million and diluted earnings per share were $1.31. On an
adjusted basis, net income was $544 million and diluted earnings per share were $1.52.
• Total revenue for full-year 2019 was $4.9 billion and operating income was $2.6
billion.
• Net income was $2.1 billion and diluted earnings per share were $5.91.
• On an adjusted basis, net income was $2.4 billion, and diluted earnings per share
were $6.80.
• Fourth-quarter 2019 average daily volume was 16.9 million contracts, down 19%
compared with the strong fourth-quarter 2018.
• Non-U.S. ADV for full-year 2019 reached a record 4.9 million contracts, up 10%
compared with full-year 2018, including 7% growth in Europe, 20% growth in Asia
and 47% growth in Latin America.
• Clearing and transaction fees revenue for fourth-quarter 2019 totaled $901 million.
The total average rate per contract was $0.717, up 3% compared with third-quarter
2019. Market data revenue totaled $130 million for fourth-quarter 2019.
• The company declared dividends during 2019 of $2 billion, including the annual
variable dividend of $894 million.
• The company has returned approximately $13.2 billion to shareholders in the form of
dividends since the implementation of the variable dividend policy in early 2012.
"During 2019, we delivered significant client value and efficiencies through the
continued, successful integration of the NEX business and the introduction of
innovative new products, said CME Group Chairman and Chief Executive Officer.
At the same time, international clients turned to our markets to manage risk in record
numbers, driven by double-digit increases in Asia and Latin America. Year to date,
trading volume has increased, especially in commodities, which points to the
diversity of our product offering amid rising volatility and uncertainty. Looking
ahead, we remain focused on a number of integration milestones, including the
launch of BrokerTec fixed income markets alongside our benchmark futures and
options on CME Globex in 2020."
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Key Financial Highlights

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Morgan Stanley to Acquire E*TRADE, (USA) Creating a Leader in all Major Wealth
Management Channels
Morgan Stanley and E*TRADE Financial Corporation have entered into a
definitive agreement under which Morgan Stanley will acquire E*TRADE, a
leading financial services company and pioneer in the online brokerage industry,
in an all-stock transaction valued at approximately $13 billion. Under the terms
of the agreement, E*TRADE stockholders will receive 1.0432 Morgan Stanley
shares for each E*TRADE share, which represents per share consideration of
$58.74 based on the closing price of Morgan Stanley common stock. The
combination will significantly increase the scale and breadth of Morgan
Stanley’s Wealth Management franchise, and positions Morgan Stanley to be an
industry leader in Wealth Management across all channels and wealth segments.
E*TRADE has over 5.2 million client accounts with over $360 billion of retail
client assets, adding to Morgan Stanley’s existing 3 million client relationships
and $2.7 trillion of client assets. Morgan Stanley’s full-service, advisor-driven
model coupled with E*TRADE’s direct-to-consumer and digital capabilities,
will allow the combined business to have best-in-class product and service
offerings to support the full spectrum of wealth.
“Since we created the digital brokerage category nearly 40 years ago,
E*TRADE has consistently disrupted the status quo and delivered
cutting-edge tools and services to investors, traders, and stock plan
administrators,” said Chief Executive Officer of E*TRADE. By joining
Morgan Stanley, we will be able to take our combined offering to the next
level and deliver an even more comprehensive suite of wealth management
capabilities. Bringing E*TRADE’s brand and offerings under the Morgan
Stanley umbrella creates a truly exciting wealth management value
proposition and enables our collective team to serve a far wider spectrum of
clients.”
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Franklin Templeton (USA) to Acquire Legg Mason, Creating $1.5 Trillion AUM Global
Investment Manager
Franklin Resources, Inc., a global investment management organization
operating as Franklin Templeton, today announced that it has entered into a
definitive agreement to acquire Legg Mason, Inc. for $50.00 per share of
common stock in an all-cash transaction. The Company will also assume
approximately $2 billion of Legg Mason’s outstanding debt. The acquisition of
Legg Mason and its multiple investment affiliates, which collectively manage
over $806 billion in assets as of January 31, 2020, will establish Franklin
Templeton as one of the world’s largest independent, specialized global
investment managers with a combined $1.5 trillion in assets under management
across one of the broadest ranges of high-quality investment teams in the
industry. The combined footprint of the organization will significantly deepen
Franklin Templeton’s presence in key geographies and create an expansive
investment platform that is well balanced between institutional and retail client
AUM. In addition, the combined platform creates a strong separately managed
account business.
“This is a landmark acquisition for our organization that unlocks substantial
value and growth opportunities driven by greater scale, diversity and balance
across investment strategies, distribution channels and geographies, said
Executive chairman of the Board of Franklin Resources, Inc. Our
complementary strengths will enhance our strategic positioning and long-term
growth potential, while also delivering on our goal of creating a more
balanced and diversified organization that is competitively positioned to serve
more clients in more places.”
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Industrivarden (Sweden) year-end report 2019
• Net asset value on December 31, 2019, was SEK 112.7 billion, or SEK 259 per share, an increase during 2019 of SEK 63
per share. Including reinvested dividend, net asset value increased by 35%. On February 6, 2020, net asset value was SEK
271 per share.
• The total return for 2019 was 30% for the Class A shares as well as for the Class C shares, com-pared with 35% for the
Stockholm Stock Exchange’s total return index.
• Earnings per share during 2019 were SEK 68.56.
• During 2019 shares were acquired in Volvo, Class A for SEK 1.6 billion, in Sandvik for SEK 0.5 billion, in Skanska, Class
B for SEK 0.4 billion, in Essity, Class B for SEK 0.3 billion, in SCA, Class B for SEK 0.2 billion and in Handelsbanken,
Class A for SEK 0.2 billion. Furthermore, shares were divested in, Essity, Class A for SEK 0.3 billion and SCA, Class A for
SEK 0.1 billion.
• On May 15 the exchangeable bond in the ICA Gruppen share matured preceded by exchangeable holders calling for
redemptions in 2019 worth SEK 4.1 billion. During the second quarter of 2019 the remaining shares in ICA Gruppen were
sold.
• The debt-equities ratio as per December 31, 2019, was 3%, a decrease during the year of 4 percentage points.
• The Board of Directors proposes a dividend of SEK 6.00 per share.
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Intercontinental Exchange (USA) Reports Fourth Quarter & Full Year 2019
• Fourth quarter consolidated net revenues were $1.3 billion.
• Data and listings revenues in the fourth quarter were $672 million and trading and
clearing net revenues were $626 million.
• Consolidated operating expenses were $676 million for the fourth quarter of 2019.
On an adjusted basis, consolidated operating expenses were $570 million
• Consolidated operating income for the fourth quarter was $622 million and the
operating margin was 48%.
• On an adjusted basis, consolidated operating income for the fourth quarter was $728
million and the adjusted operating margin was 56%.
• Full year 2019 consolidated net revenues were $5.2 billion, up 4% year-over-year.
• Full year 2019 data and listings revenues were $2.7 billion and trading and clearing
net revenues were $2.5 billion, up 4% and up 5% year-over-year, respectively.
• Consolidated operating expenses were $2.5 billion for 2019. On an adjusted basis,
consolidated operating expenses were $2.2 billion. Consolidated operating income for
the year was $2.7 billion and the operating margin was 51%.
• On an adjusted basis, consolidated operating income for the year was $3.0 billion and
the adjusted operating margin was 58%.
ICE Chairman & Chief Executive Officer, said, "We are pleased to report our 14th
consecutive year of record revenues. Leveraging our leading technology and market
expertise, we expanded our suite of risk management solutions, adding new products
and services across an array of asset classes and geographies. And, as we shift to
2020, our relentless focus on innovation and delivering efficiencies for our
customers should again provide the foundation for continued growth and
stockholder value creation."
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Intercontinental Exchange (USA) Announces Agreement To Acquire Leading Loyalty
Program Provider Bridge2 Solutions
Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing
houses and provider of data and listings services, announced that it has agreed to
acquire Bridge2 Solutions, a leading provider of loyalty solutions for merchants and
consumers. Following the completion of the transaction, Bakkt, a majority-owned
subsidiary of ICE, intends to acquire Bridge2 Solutions from ICE using proceeds from
Bakkt’s Series B round of funding, which is expected to close later this quarter. Since
launching the Bakkt Warehouse in 2019, along with its growing suite of bitcoin futures
and options contracts, Bakkt has worked to bring trust, stability and innovation to the
digital asset trading market. When Bridge2 Solutions ultimately joins Bakkt, the
strategic combination will accelerate the development of the Bakkt consumer
application, which will provide digital asset aggregation, conversion and payments
through a single platform for consumers around the world. Bridge2 Solutions enables
some of the world’s leading brands to engage customers and drive loyalty. It powers
programs for seven of the top ten financial institutions and 4,500 loyalty, incentive and
employee perk programs for companies across a wide spectrum of industries. The
company’s Loyalty Pay solution expands the value of rewards programs and gives
consumers a universal ability to pay with reward currencies both at the point of sale
(POS) in retail stores and in-app through digital wallets. Integrating with Bakkt will
allow top retail brands to offer more innovative loyalty programs and help consumers
unlock and access value in those programs.
“Bakkt was created to help bring transparency and trust to the previously unregulated
digital asset markets,” said Founder, Chairman and CEO of ICE. With the launch of
the Bakkt Warehouse and Bakkt futures and options markets, the company has
achieved quick success with its custody and trading offering. Bakkt’s second round
of funding, and its acquisition of Bridge2 Solutions, will help accelerate the
development of Bakkt’s consumer application, which has been a key part of our
strategy since we first looked at this market.”
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Kinnevik (Sweden) to invest SEK 150 million in MatHem‘s SEK 500 million funding
round, alongside leading pension company AMF
Kinnevik AB announced that it has committed to invest an additional
SEK 150m in a funding round of approximately SEK 500m in
MatHem. Also participating in the funding round is Swedish
institutional investor AMF, investing SEK 280m to become MatHem’s
third largest shareholder with an ownership stake of approximately
10%, as well as MatHem’s existing shareholders Verdane and Clas
Ohlson. MatHem is Sweden's leading independent pure-play online
grocery retailer with a strong household brand built over the past ten
years. The company offers a broad range of grocery products and
adjacent household consumables, catering to more than half of Swedish
households. With the additional investment of SEK 150m, Kinnevik has
invested SEK 1.1bn in total in the company and has an ownership stake
of 36%. With more than SEK 650 billion in assets under management
on behalf of four million customers, AMF is one of Sweden's leading
pension companies, one of the largest owners on Nasdaq Stockholm
and one of Kinnevik’s largest shareholders. With the investment of SEK
280m AMF becomes MatHem’s third largest shareholder with a 10%
ownership stake.
CEO of Kinnevik, commented: “MatHem continues to be at the
forefront of the transformation in the grocery space, and a clear leader
in its core market. We are delighted that AMF has decided to invest in
the company and to be part of this journey. The funding round means
that the company is well capitalized for the future, allowing Johan
and his team to focus on growing the business and improving
operational efficiency.”
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Macquarie Capital Principal Finance (Australia) invests in Matrix Networks Group
Macquarie Capital Principal Finance has announced its investment in Matrix
Networks Group (Matrix) - a leading provider of specialist utility infrastructure
in the UK. Macquarie will partner with Matrix Networks Group’s management
team to provide growth capital and expertise to expand its operations providing
gas, electricity and water installations, as well as connection asset ownership,
for some of the UK’s largest industrial and commercial real estate
developments. The firm is headquartered in Warrington, England, employing
around 70 members of staff across the country - with regional offices in
Northampton and Slough. Over the past 14 years, the business has grown to be a
leading specialist in the utility infrastructure industry. The transaction follows
other successful UK utility investments by Macquarie, building on its track
record of providing growth capital and flexible financing solutions. Between
2013 and 2018, Macquarie’s Principal Finance was invested in Glasgow based
Energetics, one of the UK’s largest independent network owners. Under
Macquarie’s five-year ownership the business increased its workforce by 75 per
cent, expanded into new geographic regions and the number of installed
connections increased threefold.
Managing Director at Matrix Networks Group commented: “The investment
in our business by Macquarie is extremely good news for our customers and
staff. It will enable us to accelerate our growth plans, expand our specialist
asset adoption programme and capture more of the opportunities we see
opening up in the utility infrastructure industry.”
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Macquarie (Australia) Group agrees to sell Macquarie European Rail business to
Akiem Group
Macquarie Group Limited has reached an agreement to sell its rolling
stock leasing business, Macquarie European Rail, to leading
European locomotive lessor Akiem Group. Macquarie European Rail
leases passenger and freight rolling stock to train operators across
Europe and the United Kingdom. Akiem Group is a major player in
locomotive leasing and related services in Europe. Owning 430+
locomotives, Akiem Group operates in all major continental
European countries and generates revenue of €150+ million. The
company serves more than 50 customers, which operate both the
freight and passenger transport markets. Akiem Group includes mgw
Service, a European company which specializes in rolling stock
maintenance. Akiem’s c. 170 employees are based primarily in
France, Germany, Sweden, Italy, Hungary and Poland.
Head of Transportation Finance at Macquarie, said: “Macquarie
European Rail has partnered with train operators across the region
to connect people and economies for over seven years. Macquarie
has found in Akiem Group an experienced new owner to support
the ongoing success of the business.”
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Fiserv (USA) Reports Fourth Quarter and Full Year 2019 Results
• GAAP revenue for the company increased 161% to $4.05 billion in the fourth quarter
of 2019 compared to the prior year period, with $2.46 billion from the First Data
segment, 5% growth in the Payments segment and 1% decline in the Financial
segment.
• Full year 2019 GAAP revenue for the company increased 75% to $10.19 billion
compared to the prior year, with $4.08 billion from the First Data segment, 8% growth
in the Payments segment and 1% growth in the Financial segment.
• GAAP earnings per share was $0.36 in the fourth quarter of 2019 and $1.71 for the
full year, decreasing 49% and 40%, respectively, compared to the prior year periods.
• GAAP earnings per share in 2019 included transaction and related integration costs
and acquired intangible asset amortization from the application of purchase accounting
associated with the First Data acquisition. GAAP earnings per share in 2018 included a
gain on the sale of a 55% interest of the company's Lending Solutions business.
• GAAP operating margin was 11.8% and 15.8% in the fourth quarter and full year
2019, respectively, compared to 27.8% and 30.1% in the fourth quarter and full year
2018, respectively.
• GAAP operating margin in 2019 included the operating margin impacts from
transaction and related integration costs and acquired intangible asset amortization
associated with the acquisition of First Data. GAAP operating margin in 2018 included
a $227 million gain resulting from the Lending Transaction.
• Net cash provided by operating activities was $2.80 billion in 2019 compared to
$1.55 billion in 2018.
“2019 was a year of leadership and growth in which we took steps to transform an
industry to better enable long-term, differentiated value for clients, associates and
shareholders, said Chairman and Chief Executive Officer of Fiserv. We delivered
strong financial results including our 34th consecutive year of double digit adjusted
earnings per share growth.”
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Solutions Updates

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Ice (USA) Bonds Completes Integration with Blackrock’s Aladdin To Offer Fixed
Income Portfolio Auction Functionality to Investment Managers
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Solution Description
Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and
listings services, announced that ICE Bonds has completed its integration with BlackRock’s Aladdin, offering access to
ICE Bonds’ Portfolio Auction functionality, an automated execution protocol for portfolio trading. Aladdin is a premier
portfolio management system for investment managers that combines sophisticated risk analytics with comprehensive
trading and position monitoring tools. ICE Bonds’ Portfolio Auction allows investment managers the ability to auction a
portfolio of bonds on an all-or-nothing basis to one or multiple platform participants in a discrete, pre-determined period
of time. Portfolios may consist of any number of individual bonds and may be all buys or all sells or a combination of both.
Portfolio Auction offers two distinct trading session formats, At-the-Market or At-the-Close, giving investment managers
the ability to leverage either ICE Data Services’ Continuous Evaluated Pricing or End-of-Day Evaluations. By connecting
with Blackrock’s Aladdin, investment managers can now seamlessly access and execute orders using the ICE Bonds
Portfolio Auction, reducing operational risk and increasing workflow efficiencies. ICE Bonds offers trading solutions for
Corporates, Municipals, Treasuries, Agencies, Structured Products and Certificates of Deposit. Customers can also
leverage the continuous and end-of-day fixed income pricing and analytics offered by ICE Data Services, which is already
available to customers over Aladdin.

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TriOptima, a leading infrastructure service that helps to lower costs and to mitigate risk in OTC derivatives markets, announced that it is extending
its award-winning triResolve Margin collateral management service to support automated SWIFT payment capabilities. This new settlement
automation service offers clients instant connectivity to the SWIFT network for cash transfers and securities settlement, as well as direct access to
a broad range of custodians and tri-party agents. The addition of SWIFT connectivity means TriOptima clients in-scope for phase five and six of
the BCBS/IOSCO Uncleared Margin Rules will now be able to instruct SWIFT payments directly via the platform. Clients will be able to
automate the full collateral management process across both initial and variation margin. As the world's leading and most diverse derivatives
marketplace, CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and
metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and
foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers
optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

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CME (USA) Group Expands Ferrous Metals Product Suite with New North European
Hot-Rolled Coil Steel Futures Contract
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CME Group, the world's leading and most diverse derivatives marketplace, announced the launch of North European Hot-Rolled
Coil Steel Futures, to begin trading pending all relevant regulatory review periods. North European Hot-Rolled Coil Steel Futures
will be financially settled based on a price assessment published by Argus Media each business day of the contract month. The
futures will be quoted in Euros per metric ton and have a contract size of 20 metric tons. Ferrous metals futures and options
trading volumes have increased more than 35 percent during 2019 reaching a new record volume of 251,999 contracts traded.
Open interest reached 22,320 contracts at year-end 2019. The new futures contract will be available for trading on CME Globex
and for submission for clearing via CME ClearPort, and will be subject to the rules and regulations of COMEX. As the world's
leading and most diverse derivatives marketplace, CME Group enables clients to trade futures, options, cash and OTC markets,
optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture
opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading
on the EBS platform.

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Eurex (Germany) launches additional ESG futures after successful first year of ESG
trading
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Eurex, the leading European derivatives exchange, looks back on a successful first year in ESG trading. Investment companies are
increasingly using ESG derivatives to hedge sustainably invested assets, as demonstrated by Metzler Asset Management's recently launched
value protection fund. The launch of the new STOXX USA 500 ESG-X Index Futures is the next step to support market participants in their
sustainable investment strategies beyond Europe. The Eurex STOXX USA 500 ESG-X Futures contract, launched, is the first exchange-listed
derivative that covers the U.S. market while excluding thermal coal extraction and coal-fired power plants. Eurex provides the broadest
offering in listed ESG derivatives. With the STOXX Europe 600 ESG-X Index Futures, launched on 18 February 2019 and based on STOXX’s
exclusion methodology, more than 700,000 contracts with a notional value of over EUR 10 billion have been traded. STOXX's method of
filtering out undesirable negative components from a known benchmark offers a transparent and comprehensible approach, with a low
tracking error to the respective parent index. Resulting ESG indexes are easy to implement as benchmarks for asset holders and are well suited
as underlying for ETFs, derivatives or structured products. The Metzler Wertsicherungsfonds 90 ESG, which was recently approved for
distribution in Germany and Austria, demonstrates that investment companies are increasingly using Eurex ESG derivatives to implement
sustainable investment strategies without negative effects on returns. It is the first mutual fund in Germany to combine value protection and
ESG integration using futures on the STOXX Europe 600 ESG-X.

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Ice (USA) And S&P Global Platts Expand Strategic Relationship in Global Oil Markets
18
Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings
services, announced plans to launch a new version of its market data platform, ICE Connect, which will be designed specifically
for participants in the global oil markets. The new service, which is expected to be available in the second quarter of 2020, will
include access to leading oil market analytics from S&P Global Platts and other third parties. ICE Connect offers market
participants advanced charting, analytics, news and messaging capabilities and provides access to global real-time exchange and
market-moving fundamental data. Through the integration of select Platts oil analytics content, ICE Data Services will provide
customers with access to a global refinery database, showing a forward-looking view of refinery capacity, as well as oil storage
and vessel tracking amongst other services. These content sets will be integrated into the ICE Connect platform, which already
includes ICE’s messaging, proprietary data, execution capabilities and third-party content, offering global oil market participants
a more efficient way to spot opportunities and manage risk. ICE Data Services offers a broad range of data solutions including
award-winning pricing and analytics, indices and exchange data via secure, flexible connections. These services help customers
address their investing, trading, compliance and risk management requirements across a broad range of asset classes.

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Intercontinental Exchange (USA) Launches Fix Connectivity and Multi-Order
Functionality for Ice ETF Hub
19
Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services, announced
the launch of two key enhancements for its ICE ETF Hub platform:
• FIX Connectivity: ICE ETF Hub has launched a FIX application programming interface (API), which allows Authorized Participants to connect
to the ICE ETF Hub platform and manage create/redeem orders in a seamless, automated way. With this new functionality, ICE ETF Hub is the
first platform to offer FIX access to both Issuers and Authorized Participants. The FIX protocol is used by global financial markets to communicate
trade information and complete millions of transactions each day.
• Multi-Order Functionality: ICE ETF Hub’s new multi-order functionality enables Authorized Participants to submit multiple transactions to an
ETF Issuer as one order, enhancing operational efficiency, reducing human error and cutting transaction times down to seconds.
ICE ETF Hub is being developed as an industry-wide, open architecture, primary market platform for ETFs, which creates a more standardized
and simplified process for ETF creation and redemption. It currently offers support for both US-listed domestic equity and fixed income ETFs, and
plans to launch support for the assembly of custom baskets and US-listed international equity ETFs later in 2020. It also plans to establish
connectivity to ICE Bonds’ trading protocols, including portfolio auctions, click-to-trade and request-for-quote. ICE ETF Hub is available to all
market participants on an open basis, offering flexible access to third party order management systems, trading venues, proprietary software
solutions and connectivity firms.

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Ameriprise Financial (USA) Certified by J.D. Power for Outstanding
Customer Service
20
Ameriprise Financial announced that it has been recognized by J.D. Power for providing “An Outstanding Customer
Service Experience” for phone support to advisors. The Ameriprise call centers achieved this certification following
a rigorous evaluation and survey of recent servicing interactions in 2019. Ameriprise received high ratings across the
majority of J.D. Power best practices and excelled in attributes including: “a strong customer-centric culture,”
“timeliness and focus on resolution,” and “continuous process improvement driven directly by the associates.” At
Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125
years. With extensive advisory, asset management and insurance capabilities and a nationwide network of
approximately 10,000 financial advisors, they have the strength and expertise to serve the full range of individual and
institutional investors' financial needs.
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Aon (UK) Earns Top UK and U.S. Awards for LGBTQ Inclusivity from
Stonewall and Human Rights Campaign Foundation
21
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, proudly
announced it was named one of the most inclusive employers in the U.K. by lesbian, gay, bi and trans equality charity
Stonewall in its Top 100 Employers list for 2020. It was also recently announced that Aon received a score of 100 percent for
the 13th consecutive year on the Human Rights Campaign Foundation’s 2020 Corporate Equality Index. Aon placed 87 on
Stonewall’s Top 100 Employers list for 2020 out of 503 employers entering—the largest amount ever. This is the first year Aon
made the Top 100 list and highlights the firm’s ongoing work to create a more diverse and inclusive culture for its colleagues.
Stonewall’s Top 100 is known as the definitive list for LGBT+ employers in Britain and is compiled from submissions to the
Workplace Equality Index, a powerful benchmarking tool used by employers to assess their achievements and progress on
LGBT+ equality in the workplace, as well as their work in the community. Each organization must demonstrate their expertise
in 10 areas of employment policy and practice, including networking groups, senior leadership, procurement and how well
they’ve engaged with LGBT+ communities.
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Discover (USA) Named a 2020 FutureEdge 50 Winner for Modernizing
Cloud-Based Platform
22
Discover has been recognized as a FutureEdge 50 award winner. This honour awards organizations for pushing the edge with
new technologies to advance their business for the future. Discover was recognized for implementing a modernized,
cloud-based platform to grow credit card customers. The platform’s forward-thinking design has enabled Discover to fast track
the delivery of feature innovations and improve the customer experience. The goal of this new cloud-native platform is to allow
customers to use their Discover credit card when and where they want to use it with no delays. To address customer needs of
immediacy, Discover developed a platform to enable an enhanced customer experience and real-time responsiveness. The
customer-focused design ensures the beginning of the customer’s journey with Discover is seamless and makes it easier than
ever for customers to start enjoying the benefits of their Discover Card. The FutureEdge 50 recognizes the most cutting-edge
trials and applications of emerging technologies and the innovative cultures enabling them in business. Discover Financial
Services is a direct banking and payment services company with one of the most recognized brands in U.S. financial services.
Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues
the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans,
checking and savings accounts and certificates of deposit through its direct banking business.
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Discover (USA) Recognized as a Best Place to Work for LGBTQ Equality
for Seventh Consecutive Year
23
Discover Financial Services has been recognized as a Best Place to Work for LGBTQ Equality and earned a perfect 100
score from the Human Rights Campaign’s Annual Corporate Equality Index. CEI is a national benchmarking survey and
report that measures corporate policies and practices related to LGBTQ workplace equality and inclusion. The report
provides an in-depth analysis and ratings of U.S. employers, their policies and practices pertinent to LGBTQ employees.
With over 1,000 companies analysed by the index, Discover earned a perfect 100 score alongside almost 700 other
companies. Discover has ten Employee Resource Groups, which provides tools and resources to help employees connect,
build communities at work, and foster an inclusive environment. PRIDE is the employee resource group supporting
Discover’s LGBTQ community. In recent years, the group helped lead marketing efforts behind Discover’s rainbow card
design, known as the Discover it Pride Card. These efforts have led to an almost 5% increase in Pride Cards issued in 2019
as compared to 2018.
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E*TRADE (USA) Recognized as #1 Online Broker for Mobile Trading, Options
Trading, and Web-Based Platform by StockBrokers.com
24
E*TRADE Financial announced top accolades from StockBrokers.com's 2020 Online Broker Review. E*TRADE received the #1 Mobile
Trading, #1 Options Trading, and #1 Web-Based Platform Awards.
E*TRADE also received the following Best in Class distinctions:
• Overall: Best in Class 10 years running
• Options Trading: Best in Class 10 years running1
• Education: Best in Class nine years running
• Research: Best in Class nine years running
• Mobile Trading: Best in Class eight years running
• Beginners: Best in Class three years running
• Active Trading
• IRAAccounts
• Futures Trading
E*TRADE Financial and its subsidiaries provide financial services including brokerage and banking products and services to retail customers.
Securities products and services are offered by E*TRADE Securities LLC. Commodity futures and options on futures products and services are
offered by E*TRADE Futures LLC. Managed Account Solutions are offered through E*TRADE Capital Management, LLC, a Registered
Investment Adviser. Bank products and services are offered by E*TRADE Bank, and RIA custody solutions are offered by E*TRADE Savings
Bank, both of which are national federal savings banks.
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Schroders (UK) Global Cities Index now includes Environmental Impact Scoring as
LA retains top spot
25
Los Angeles has retained its position at the top of Schroders’ Global Cities Index for the fourth year in a row. Despite taking the
no.1 spot, LA’s overall score slipped because of a mediocre Environmental Impact Score which was introduced this year to
quantify which cities have the lowest environmental impact. The Index ranks the economically strongest cities for global real
asset investing. London remains in second place as its economy continues to attract multi-national companies, is the home of
outstanding Universities and received a good EIS. The Index, developed by Schroders’ Global Cities team and now in its fifth
year, ranks cities based on three proprietary impact scores; the Economic Impact Score, the University Impact Score and, for
the first year, the Environmental Impact Score. Notable movers include Stockholm, which entered the top 30 for the first time,
in 29th place due to its strong EIS and GDP score. It is the only Scandinavian city to make the top 30. US cities Seattle and
Austin also climbed the list, as both are at the forefront of the knowledge economy and attract new jobs that pay well compared
to other locations. This result is despite the fact that the two cities are not large compared to global peers. Chinese cities fared
less well on EIS causing them to fall in the rankings. Although Beijing and Shanghai score poorly on air and water quality, they
still hold positions in the top 20, given their high ratings in the other impact scores. Schroders remains extremely optimistic for
Chinese cities as they convert to low emission fuels, but this is not yet reflected in the data.
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SEI (Canada) Again Recognized for Award-Winning Fund Performance in 2019
26
SEI Investments Canada Company announced its Income 40/60 Fund and Moderate Fund again received Fundata’s FundGrade
A+ TM Award in the “Canadian Fixed Income Balanced” category out of 355 funds for the 2019 calendar year. The FundGrade
A+ Award is given annually to investment funds and their managers who have shown consistent, outstanding, risk-adjusted
performance through the year. This is the second and third consecutive year that the Income 40/60 Fund and Moderate Fund
have received this distinction, respectively. Both funds invest in a selection of underlying SEI funds, which utilize a
manager-of-managers investment strategy, combining multiple specialist portfolio managers, each of whom is responsible for
managing a portion of the portfolio in accordance with a specific mandate. Commissions, trailing commissions, management
fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The
indicated rates of return are the historical annual compounded total returns including changes in security value and
reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes
payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.
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Voya Financial (USA) Recognized as One of the World’s Most Ethical Companies®
by Ethisphere – for Seventh Consecutive Year
27
Voya Financial, Inc., has been recognized by the Ethisphere® Institute, a global leader in defining and advancing the standards
of ethical business practices, as one of the 2020 World’s Most Ethical Companies. The recognition honours companies that take
the long-term view with a purpose-based strategy and strive to create positive change throughout their communities. Voya has
been honoured for seven consecutive years — every year that the company has been eligible — and is one of only five
honourees in the financial services industry. A total of 132 companies, spanning 21 countries and 51 industries, were
recognized for 2020. Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment
process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities,
governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture
and codify the leading practices of organizations across industries and around the globe. Best practices and insights from the
2020 honourees will be released in a report and webcast in March and April of this year.
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Yuanta Bank (Taiwan) Named No. 4 Climber in the Top 500 Banking Brands
28
The Banker has recently released the results of the Top 500 Banking Brands 2020 and ranked Yuanta Bank, a subsidiary of
Yuanta FHC, in the 287th place, moving it up 126 spots from 2019 ranking, and a fourth-place position globally among the top
climbers by rank. Furthermore, Yuanta Bank is named fifth globally on the top climbers by brand value list with an increase of
85% in brand value, offering further evidence that Yuanta Bank’s continued efforts in building its brand image is acknowledged
by international professional organizations as well as gaining positive affirmation from customers. The world’s leading brand
valuation consultancy Brand Finance and The Banker value over 5000 companies every year worldwide and release the names
of companies which ranked in the top 500 in brand value for the sector. In this recent study, elements used in the valuation
process included financial and non-financial indicators such as the company size, market share and revenue of business lines,
financial leverage, growth, credit rating, consumer brand loyalty, geographical presence and reputation. Adding 85% to its
brand value, Yuanta Bank is recognized by international brand valuation organizations and customers for its efforts in
improving its products and customer relationship.
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Yuanta (Taiwan) Foundation Recognized for Excellence
29
The Yuanta Cultural and Educational Foundation has promoted youth volunteer services, providing community resources for youth services, and has been
acknowledged by the Youth Development Administration of Taiwan’s Ministry of Education with 2019 Outstanding Performance in Advancing Youth
Volunteer Services award. The Yuanta Foundation, with education as its basis, is committed to sharing love and resources to those in need as well as
emphasizes integrating practice with public welfare. Through cooperation with charity partners and educational groups and incorporating Yuanta
sponsorship and volunteers, Yuanta Foundation strives to foster an enduring cycle of goodness. In 2019, Yuanta Foundation benefitted a total of 264,299
people through its charity activities, with 1,731 volunteer participations, totaling 9,159 volunteer hours. The Foundation engages in public welfare through
various projects, such as Yuanta–Fu Jen University Dreams Take Flight and Yuanta Top Scholar programs, which provide grants to disadvantaged youth,
assisting them to transform their lives as well as promoting youth volunteer service. Furthermore, the Dream Big Plan offers innovative methods and
funding for youth to contribute their services. In the course of carrying out the Dream Big projects, volunteers and project participants work together to
achieve a common goal, encouraging the spirit of love and co-creating a friendly environment. With the various programs promoting youth volunteer
service, Yuanta Foundation’s lineup of youth volunteers is mainly comprised of young Yuanta employees, youth dependents of Yuanta employees, student
beneficiaries of Yuanta–Fu Jen University Dreams Take Flight and Yuanta Top Scholar grants and their friends and classmates. Yuanta employees
voluntarily participate in Yuanta-organized or co-organized activities, expanding the benefits of charitable work.
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Air Academy Federal Credit Union Moves to Fiserv (USA) to Expand Commercial
Business and Enable Digital Transformation
30
Fiserv, Inc., a leading global provider of financial services technology solutions, announced today that Air Academy
Federal Credit Union, headquartered in Colorado Springs, Colorado, has selected a new core account processing
platform and suite of integrated solutions from Fiserv to modernize its operations, gain efficiencies and increase
overall agility. Air Academy Federal Credit Union has been serving the U.S. Air Force Academy and its surrounding
communities since 1955. Due to increased competition and limitations of its existing core platform, the credit union
chose to move to the DNA® platform from Fiserv to improve loan serving capabilities for commercial and mortgage
businesses and to facilitate the integration of third-party solutions through the platform’s open architecture and APIs.
With DNA, Air Academy Federal Credit Union can now extend and adapt its core platform to meet evolving member
and commercial needs. The credit union will also add a variety of integrated solutions from Fiserv for accounting,
item processing, multi-channel marketing, general ledger, financial risk management and managed services.
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ZA Bank Readies for Transformation of Hong Kong Banking with Selection of
Fiserv (USA) Payment Technology
31
Fiserv, Inc., a leading global provider of financial services technology solutions, and ZA Bank, the first virtual bank
to launch a pilot trial in Hong Kong, announced that the bank is leveraging technology from Fiserv to enable a
transformative banking experience for its customers. With its “Community-Driven” approach, ZA Bank has
prioritized the rapid launch of innovative capabilities that align with customers’ changing lifestyles. To help ZA Bank
fulfill this goal, Fiserv is equipping the bank with VisionPLUS® global payment software, which supports the entire
card payment lifecycle, including origination, card issuance, authorization, settlement and customer service. Its
service-oriented core architecture and open APIs enable quicker application development and integration, which in
turn allows financial institutions like ZA Bank to develop and launch innovative products faster and at a lower cost.
Fiserv is a leading global provider of financial services technology solutions, serving thousands of financial
institutions and millions of businesses in more than 100 countries. The company works with corporates, banks and
non-bank financial institutions in 15 markets across Asia Pacific, providing technology and expertise to enable
institutions to successfully execute their banking and payments strategies.
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Financial Institutions Add Capabilities for Small Business Clients with Merchant
Solutions from Fiserv (USA)
32
Fiserv, Inc., a leading global provider of financial services technology solutions, announced that more than 50 financial institutions that utilize a
Fiserv core processing platform added merchant solutions to their portfolio between the late July combination of Fiserv and First Data and the
end of 2019. Pairing a merchant offering alongside core technology from Fiserv allows banks and credit unions to better identify business
banking opportunities, enable digital enrollment for merchant solutions, and deliver differentiated value to small and mid-sized businesses
through the cloud-based Clover® platform from First Data, now Fiserv. First Foundation Bank, which has 20 locations across California,
Nevada and Hawaii, launched its merchant services program with Fiserv in October of 2019. Fiserv completed its acquisition of First Data on
July 29, 2019. The combination of the two companies built an offering of end-to-end solutions spanning the value chain of payments, including
four benefits for financial institutions that are unique in the industry:
• Merchant Opportunity Analysis – Financial institutions are able to pull data from their core processing platforms to identify small business
customers who are accepting debit and credit card payments
• Digital Merchant Enrollment – An integrated merchant services enrollment portal that sits within the financial institution’s website gives
website visitors the ability to create a merchant account through their bank or credit union in less than five minutes
• Access to Clover – Financial institutions can offer the market-leading cloud-based point-of-sale platform to small and mid-sized businesses
• Integration with Core and Digital Banking Solutions – Merchant customers can see their business’ real-time payment data within their cash
flow management dashboard.
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Nearly 600 Banks and Credit Unions Join Zelle Network via Fiserv (USA)
33
Fiserv, Inc., a leading global provider of financial services technology solutions, announced that a growing number of
financial institutions are joining the Zelle Network® via Fiserv to enable person-to-person payment capabilities. To date,
nearly 600 financial institutions have selected Turnkey Service for Zelle® from Fiserv, with more than 360 making their
selection in 2019. The number of financial institutions that are live on Turnkey Service for Zelle has increased tenfold
compared to a year ago, and there has been expansive growth in both the number of people transacting and the number of
transactions processed through the service. In 2019, the number of people using Zelle via Fiserv to send money increased
116%, while the number of people using Zelle via Fiserv to receive money increased 145%. The number of transactions
increased 207% year-over-year. Zelle allows consumers to send and receive money directly from one U.S. bank account to
another, typically within minutes when both parties are already enrolled. Turnkey Service for Zelle streamlines the
onboarding process for financial institutions connecting to Zelle, helping to reduce costs and accelerate time to market.
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MDXT aligns with TP ICAP's (UK) Data & Analytics Business to Maximise Value
from Data
34
MDX Technology, a leading provider of solutions to help content owners maximise the value of their data, is pleased
to announce that TP ICAP’s Data & Analytics business has gone live with MDXT’s data distribution solution. This is
being implemented to support increasing client demand for flexible access to premium content by broadening data
distribution channels to Microsoft Excel, web portals, mobile apps and Symphony apps, supplementing TP ICAP’s
Data & Analytics division’s existing channels to market. Designed to enhance the firm’s overall data distribution
capabilities, MDXT has been seamlessly integrated with TP ICAP’s Data & Analytics division’s core infrastructure
to collect real-time data for direct distribution to clients via multiple end points. This important new initiative will
help to further satisfy their clients’ growing demand for flexible, direct access to the premium market data sets that
TP ICAP’s Data & Analytics business provides. It will significantly improve the overall client experience and
generate new revenue streams for the business. TP ICAP is a global firm of professional intermediaries that plays a
pivotal role in the world’s financial, energy and commodities markets.
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After Three Decades Serving Clients, Father-Son Team Joins Ameriprise
Financial (USA) with $234 Million in Assets
35
Father-son team Norman and Michael Robbins recently joined the employee channel of Ameriprise Financial, Inc.in
Boca Raton, Fla., after a 38-year and 27-year career respectively, serving a diverse client base in South Florida and
across the United States. The team manages $234 million in assets and joined from Summit Brokerage Services. At
Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125
years. With extensive advisory, asset management and insurance capabilities and a nationwide network of
approximately 10,000 financial advisors, they have the strength and expertise to serve the full range of individual and
institutional investors' financial needs.
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E*TRADE (USA) Announces an Alliance with Empower Retirement to Deliver
an Integrated Stock Plan and Retirement Benefits Experience
36
E*TRADE Financial Corporate Services, Inc. announced a strategic relationship with Empower Retirement, a
retirement plan services provider, to give participants a more holistic view of their retirement savings and stock plan
account. Through a single log-on experience, E*TRADE Corporate Services stock plan participants who have an
Empower 401(k) will be able to view their stock plan equity and retirement account balances side by side.
Participants will also benefit by having seamless access to both customer service teams for help with their respective
retirement and stock plan benefits. The announcement comes on the heels of E*TRADE launching a student loan
benefit offering, including employer-sponsored student loan paydown, 529 plan contribution solutions, and access to
student loan refinance options. E*TRADE Corporate Services delivers leading stock plan technology and solutions
for nearly 1,000 corporate clients and 2 million participants. E*TRADE Financial Corporate Services, Inc. was rated
#1 in overall satisfaction for brokerage services three years in a row in the same study. All other claims also included
in the 2019 study. Group Five, LLC is not affiliated with E*TRADE Financial Corporate Services, Inc. or the
E*TRADE Financial family of companies.
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Frasers Property (Singapore) collaborates with Singapore Red Cross in support
of COVID-19 community relief efforts
37
Frasers Property Limited announced it will team up with the Singapore Red Cross to help support the community relief efforts
around COVID-19. As part of its strategic collaboration, Frasers Property Group is tapping on its portfolio of commercial and retail
properties in Singapore to help promote blood donation. It will also be making a financial contribution towards the Singapore Red
Cross’ relief efforts in Singapore and China. In response to the Singapore Red Cross’ call for regular blood donation amid the
COVID-19 outbreak, Frasers Property Group will be organizing community blood donation drives at selected Frasers Property
commercial properties. Frasers Property Group will also provide complimentary marketing support through its publicity channels
across its portfolio of malls located at transportation nodes, which will help drive blood donations across four blood banks. In
addition, Frasers Property Group will financially support the Red Cross Youth’s on-going ‘disaster risk reduction’ programme,
which includes outreach to over 200 elderly in the neighborhoods to advocate good hygiene practices in the next two months.
Frasers Property Group’s donation will also support Singapore Red Cross’ implementation of enhanced COVID-19 precautionary
measures for vulnerable communities cared for by its Transport Aid and Medical Chaperone & Transportation services, at the Red
Cross Home for the Disabled, and at the Red Cross Day Activity Centre for the Disabled.
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Investec (UK) Aviation Finance partners with market leader in helicopter leasing
38
Investec Aviation Finance has made its first foray into the helicopter lessor finance market by partnering with LCI, a leading
global helicopter lessor. Investec arranged the financing for LCI of a Leonardo AW169 helicopter, which will be leased to a
leading European provider of base-to-base helicopter services. LCI is a leading helicopter lessor, which has developed a proven
leasing platform that is today renowned for the ownership, management, and servicing of a global fleet of around 100 aircraft.
Its fleet comprises of approximately US$1 billion of assets in service, on order and under management, focused on the latest
technology medium and super medium helicopters. The helicopter will be used to support offshore oil and gas and offshore
renewable energy contracts. Helicopter financing presents an opportunity to gain access to diverse underlying industries while
backing stong lessor partners. Helicopter operators service specific industries that require specialized access to plant or
facilities, such as oil & gas or utilities, as well as emergency access, such as EMS or air ambulance services.
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AUK Library launches Oral History and Documentation Project in collaboration
with KIPCO(Kuwait)
39
The Library of the American University of Kuwait launched the Oral History and Documentation Project, in collaboration with
KIPCO – the Kuwait Projects Company. The project, an initiative by AUK’s Center for Gulf Studies led by its former Director
Dr Farah Al Nakib, made public its first set of life history interviews with pioneers in Kuwait to mark the launch of the project.
The project was established to actively conduct oral histories on a wide range of topics and themes in order to document the
experiences of generations of Kuwaitis and non-Kuwaitis. The launching of the OHDP website marks the culmination of a
four-year collaboration between AUK and KIPCO, which has supported the project since the early stages of planning. The aim
of the project is to develop a substantial archive of recorded interviews that will serve as a valuable resource to researchers,
students and the general public. The OHDP is currently focused on recording the life histories of those born before the 1960s.
The recorded interviews explore the memories of individuals who experienced the drastic shift in Kuwait’s society with the
advent of oil, as well as their experiences of major historical events such as the Iraqi invasion of Kuwait in 1990.
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Morgan Stanley (USA) Establishes Alliance for Children’s Mental Health
40
Morgan Stanley announced the establishment of the Morgan Stanley Alliance for Children’s Mental Health. The Alliance, which
brings together key leaders in the children’s mental health space, will combine the resources and reach of Morgan Stanley and its
Foundation with the knowledge and experience of its distinguished nonprofit partner organizations. The Alliance will help address
strategically children’s mental health concerns and the far-reaching challenges of stress, anxiety, and depression. The Alliance will
seek to drive impact for young people - especially in marginalized populations - by assisting youth through formative transitions,
and helping parents recognize mental health disorders and support their children. Developing innovative approaches and scaling
best practices, the Alliance will work to generate a systemic tipping point in how children’s mental health is addressed.
The Alliance will deliver catalytic philanthropy in four ways to help make a lasting impact on children’s mental health:
• Growth Capital – funding strategic nonprofit partner organizations to bring to scale proven methods of helping improve children’s
mental health outcomes.
• Capacity Building – helping ensure that effective organizations can sustain their practices.
• Seed Funding – bringing emerging and innovative ideas to fruition.
• Thought Leadership – using its voice and our deep global connections to raise awareness, drive advanced thinking and reduce
stigma.
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Nomura (Japan) Announces Indonesia Equities Partnership with Verdhana
41
Nomura Announces Indonesia Equities Partnership with Verdhana Nomura, Asia’s global investment bank, announced a strategic
partnership with Verdhana for equities execution and research, subject to regulatory approvals. Under the agreement, Verdhana will
provide Nomura with research coverage on over 50 Indonesian stocks. Nomura research sales will continue to own coverage of its
international clients while relying on its local partner’s sales team for onshore expertise and market information. Instinet, Nomura’s
equities execution arm, will designate Verdhana as its onshore broker to route all Indonesia market orders through it. The research
produced by Verdhana will be distributed to Nomura’s international clients under the Nomura brand. Nomura and Verdhana will
jointly service and target these clients, and a client engagement protocol will be developed to ensure coordination. Nomura is an
Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets
East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business
divisions: Retail, Asset Management, Wholesale, and Merchant Banking. Founded in 1925, the firm is built on a tradition of
disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership.
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Schroders (UK) announces new charity partnership with Samaritans
42
Schroders has announced a new three-year partnership with the Samaritans, a charity which aims to provide emotional support to
anyone in emotional distress or at risk of suicide in the UK. Samaritans is open 24 hours a day, 365 days a week, with over 200
branches across the UK and Ireland. Demand for the service is growing with Samaritans responding to a call for help every six
seconds. Through the partnership, Schroders will help grow and expand Samaritans’ emotional support service through employee
volunteering and fundraising activities. In 2020, Samaritans is launching its ‘City Hub’, a new flexible volunteering delivery centre
which the charity intends will help meet the growing number of calls, as well as provide new volunteering opportunities. At the
beginning of 2019, Schroders established a new focus on ‘improving futures’ as part of efforts to further boost its impact as a firm.
Schroders’ UK charity partnerships focus on the issues the business feels strongly about including; improving social mobility,
breaking down barriers to education and employment, and mental health. Through partnerships the business hopes to help influence
real change and engage employees via both fundraising and volunteering, using their skills to make a lasting positive social impact
and improving people’s futures.
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Integration of Fiserv (USA) and SAP Solutions Helps Businesses Improve Working
Capital and Accelerate Digital Transformation
43
Business-to-business companies around the world have the opportunity to improve working capital, increase operating efficiency,
and continue their digital transformation through an integration of technology from Fiserv, Inc. and SAP® SE. This combination
makes it simple for B2B firms to offer digital payment methods to their customers by bringing together two cloud-based solutions:
SnapPay®, an enterprise payments application from First Data, now Fiserv, and SAP digital payments add-on. Many Fiserv clients
are already reaping the benefits from this integration. Brewster Home Fashions, one of the largest global producers and distributors
of home decor, uses SnapPay and has successfully migrated to SAP S/4HANA® and SAP ERP with SAP digital payments add-on.
SAP digital payments add-on helps enable credit card and other digital payment methods subject to the Payment Card Industry
Data Security Standard. Companies running any variant of SAP order or sale-to-cash processes can integrate to certified payment
service solutions, including SnapPay, with flexible access to multiple digital payment methods. A flagship Fiserv enterprise
payments solution, SnapPay is built to serve the accounts receivable and accounts payable needs of large and mid-sized companies.
Through integration with SAP ERP Central Component and SAP S/4HANA, SnapPay facilitates card, Automated Clearing House,
and new digital payment methods. The solution also digitizes labor-intensive corporate treasury operations into a real-time,
automated, and secure experience.
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Miscellaneous

Miscellaneous Updates
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Frasers Property (Singapore) Australia has set up its Sustainable Finance Framework, a
first of its kind in Asia Pacific
44
Frasers Property Limited announced that its subsidiary, Frasers Property Australia Pty Limited, has set up its first Sustainable Finance
Framework. This is the first framework defining an entire portfolio as sustainable assets using the Global Real Estate Sustainability
Benchmark ratings and is also the first of its kind framework for sustainability-linked bonds and loans in Asia Pacific from a real estate
company. This follows the Group’s announcement on 7 February 2020 that Frasers Property AHL Limited, a subsidiary of Frasers Property
Australia, has established an AUD 2 billion Multicurrency Debt Issuance Programme. The Framework can be used in conjunction with the
Programme. As part of the Group’s focus on building a resilient business, sustainability is integrated across its business. The Group has
been actively tapping into green financing since its first green loan in September 2018, supporting the development of the green finance
market in this region. In January 2020, Frasers Property received the Asset Triple A Sustainable Capital Markets Regional Awards 2019 –
Best Green Loan in Real Estate – for its $750 million term loan with a A$500 million “green tranche” raised by its subsidiary, Frasers
Property Treasury Pte Ltd. The Framework will provide overarching criteria and guidelines for Frasers Property Australia and its
subsidiaries to enter into multiple sustainable finance transactions, including but not limited to, green or sustainability bonds and loans as
well as sustainability-linked bonds and loans. Funds raised under this Framework can be used to finance a green portfolio with minimum 4
Star GRESB rating1 and Frasers Property Australia may potentially link commercial incentives with its sustainability targets.
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Event Updates

Event Updates
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Upcoming Events - Financial Services
Adaptation Futures 2020
The Energy and Resources Institute will co-host the Adaptation Futures 2020 with
the World Adaptation Science Programme (WASP) in Delhi from April 27-30, 2020.
It is the sixth in the Adaptation Futures international conference series on global
adaptation and the first to be held in Asia. Adaptation Futures is the flagship event of
the World Adaptation Science Program, which is one of the four components of
World Climate Programme (WCP) based on the World Meteorological Organisation
Congress XVI Resolution 18.
Hosted By : Adaptation Futures 2018
Delhi, USA
27-30 April, 2020
http://adaptationfutures2020.in/
Sohn India Investment Conference
At the 4th Annual Sohn India Investment Conference, top
investors regionally and around the world will convene for a
day of fresh market insights. India’s open-ended growth
lends itself to new and compelling investment ideas. Funds
will go to support cutting-edge pediatric cancer care.
Hosted By : THE SOHN CONFERENCE FOUNDATION
Mumbai, India
1 April, 2020
https://www.sohnconference.org/india/
Key Account Management Summit (Key
Accounts)
Key Accounts is one of the major of part of SALES, these are
your 20% of customers who are bringing in your 80% of Sales.
Key Accounts Management over the years have become more
important and tougher, as key customers are becoming more and
more demanding and their expectation are getting much higher.
Hosted By : UBS Forums
Mumbai, India
15 April, 2020
http://keyaccountsmanagement.com/
International Conference on Emerging Trends in
Banking and Financial Technology (ICB&FT)
The digital age continues to create disruption of the highest order in every possible
facet of business across the domains and geography. Hence technological
innovations are no longer an option rather it is inevitable. Sailing with this change,
the banking industry is also witnessing tectonic shifts in the way routine businesses
are conducted – from branch functioning to intra-bank and inter-bank transactions,
payments and settlements, credit management to customer services.
Hosted By : ICB & FT Web Team
Puducherry, India
16-18 April, 2020
http://www.pondiuni.edu.in/conferences/som/bankingtechnol-
Swift India and South Asia Regional Conference
Swift India and South Asia Regional Conference will gather the local community
representing financial institutions, market infrastructures, regulators, multinational
corporations, and other industry experts to discuss these key issues. Eminent
speakers and thought leaders share their valuable perspective on India’s race towards
the $5 trillion economies. The conference will also see issues of great relevance to
the community being discussed, like how digitisation pans out for the security
markets players and the need for real compliance in this age of digital
transformation.
Hosted By : SWIFT
Mumbai, India
24 April, 2020
http://www.swift.com/news-events/events/swift-india-and-south-asia-regional-conference
International Conference on
Contemporary Issues
International Conference on Contemporary Issues in
Management, Marketing, Accounting, Business,
Entrepreneurship, Economics, Tourism, Education, Law and
Governance, the theme is business management, accounting,
banking, economics, finance, management, marketing, tourism,
education, law, governance and etc.
Hosted By : ibanet
Delhi, USA
17 April, 2020
https://www.ibanet.org/Conferences/conf1030.aspx?utm_source=google&utm_medium=cpc&utm_campaign=tagdigital&gclid=CjwKCAiAnfjyBRBxEiwA-EECLPeisQg6Xd9ChHfWarUSbL_27sDEQ58T4dnQoMs3jWT_rkSuDSKD7RoCQWcQAvD_BwE
45

Event Updates
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International Conference on Business
Economics and Finance (ICBEF)
ICBEF aims to provide a communication platform for
scholars, professionals, academics and graduate students not
only to present their recent and latest researches but also to
share their thoughts and to discuss the future development
in, but not limited to the field of Business, Economics, and
Finance.
Hosted By : International Conference on Business, Economics & Finance
Malacca, Malaysia
13-14 April, 2020
http://icbef.net/
India Shopping Centre Forum (ISCF)
India Shopping Centre Forum presents India’s
biggest opportunity to connect across the entire
shopping centre design and development, leasing
and management value chain.
Hosted By : Relx
Delhi, USA
29-30 april, 2020
https://www.indiashoppingcentreforum.com/en-gb/REGISTERNOW.html?gclid=CjwKCAiAnfjyBRBxEiwA-EECLJJsRiFs30XzhaR9R9oozTgG5X-Hgoaf_7HNmbl-LP1XT8xF9MWMaRoCLwYQAvD_BwE
Consumer Insights & Analytics Summit (CIA)
This 2-day conference will share an array of
reference for consumer insights, consumer data
analytics, and brand storytelling for your
ever-changing consumers and environment. Manage
your consumer journeys faster, better, more
personalized than ever.
Hosted By : GOLDMAN COMMUNICATIONS PVT. LTD.
Mumbai, India
21-22 May, 2020
http://consumerinsights.co.in/
India Investor Conference
India Investor Conference aims to create solutions for and provide the
broadest possible capital and market access to thousands of issuer and
investor clients. And no institution better executes the increasingly complex
payment and cash management solutions required in today's global economy.
including equities, corporate bonds, government and agency bonds,
asset-backed and mortgage-backed securities, syndicated loans, structured
and futures products.
Hosted By : CFA Institute
Mumbai, India
4-5 June, 2020
https://indiaconf.cfainstitute.org/
BlockChain & AI Eventon
BlockChain & AI Eventon is India's most renowned Blockchain and
AI conference and exhibition that focuses on upcoming technologies
like Blockchain, AI and Future Tech. This event has top-level content
on blockchain technology and its advances in the industry covered
during its keynote sessions delivered by the most influential people in
the Blockchain landscape and the speakers are from well-established
organizations who are adopting and creating front line Blockchain
advances far and wide.
Hosted By : blockchaineventon
Mumbai, India
12 June, 2020
https://blockchaineventon.com/
Bengaluru Fintech Summit
Bengaluru Fintech Summit brings together preeminent thought
leaders from India and around the world for days of non-stop and
thought-provoking keynotes and panel discussions. This a nice
opportunity for Fintech enthusiasts from around the world to
meet and network with Market leaders, Government, regulators,
startup ecosystem, influencers and institutional investors.
Hosted By : bengalurufintechsummit
Bengaluru, India
12-13 June, 2020
https://bengalurufintechsummit.com/
46

Event Updates
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CFO Engage Summit (Engage 2.0)
Programic Asia is the leading provider of business-to-business
conferences and on-line information. Founded in 2014, the Company
maintains highest standards of quality and service in research,
technology and product development. We are the go to source for
online and offline events, information, education, networking, and
promotion for executives across an extensive range of industries and
professions.
Hosted By : Programic Asia
Gurgaon, India
18-19 June, 2020
https://cfoengage.com/
India Banking Summit & Awards (IBS)
Transformation is the main focus of the Dynamics of Banking
Business in India. With evolving & demanding needs of
customers, insurers have been deriving growth mainly through
improvising on product offerings as per people’s aspirations,
adopting vibrant distribution channels and reaching out to
potential customers through targeted promotional activities.
Hosted By : indiabankingsummit
Mumbai, India
25-26 June, 2020
http://indiabankingsummit.com/
CFO Network Summit (Finance Summit)
CFO Leadership Summit (CLS) in its 7th year, is one day initiative by-invitation-only event.
It is an exclusive conference curated by the CFOs & for the CFOs from the various industries
across India to gather and discuss the topics that are currently at the top of the CFO agenda, as
well as network with their peers. The conference agenda outlines what the future of finance
holds and helps CFOs and finance executives lead the way through all the changes to the
organizational structure, talent, technology and processes that are needed to reach future
finance vision.
Hosted By : Exito Media Concepts.
Gurgaon, India
3-4 July, 2020
https://cfoleadershipsummit.com/
Indian Wealth Management Forum
Indian Wealth Management Forum will explore the
future challenges and opportunities facing private
banks and wealth managers today. We will discuss
the vision for the future. And how the industry will
evolve in the age of digital advancements and
changing client expectations.
Hosted By : informaconnect
Mumbai, India
4-5 June, 2020
https://informaconnect.com/impower/impower-events/?vip_code=FKN2737GOOGLENB&utm_source=google&utm_medium=cpc&utm_campaign=FKN2373%20-%20Google%20non%20brand&utm_content=FKN2737GOOGLENB&tracker_id=FKN2737GOOGLENB&gclid=CjwKCAiAnfjyBRBxEiwA-EECLBlbVYOAkNLJCVZNdjqACT-bj4lbZL3zczbUClNJGEtuuMNyfADhvRoC60kQAvD_BwE
International Conference on Economics and Finance
Research (ICEFR)
Welcome to the official website of 2020 The 9th International Conference on Economics and
Finance Research (ICEFR 2020), which will be held during June 17-19, 2020, in IDRAC
Business School, Paris Campus, France. ICEFR 2020 organized by IEDRC and co-organized
by IDRAC Business School, which aims to bring together researchers, scientists, engineers,
and scholar students to exchange and share their experiences, new ideas, and research results
about all aspects of Economics and Finance Research, and discuss the practical challenges
encountered and the solutions adopted.
Hosted By : ICEFR
Paris, France
17-19 June, 2020
http://www.icefr.org/
CFO Leadership Summit
CFO Leadership Summit (CLS) in its 7th year, is one day initiative by-invitation-only event.
It is an exclusive conference curated by the CFOs & for the CFOs from the various industries
across India to gather and discuss the topics that are currently at the top of the CFO agenda, as
well as network with their peers. The conference agenda outlines what the future of finance
holds and helps CFOs and finance executives lead the way through all the changes to the
organizational structure, talent, technology and processes that are needed to reach future
finance vision.
Hosted By : Exito Media Concepts
Gurgaon, India
16 Sep, 2020
https://cfoleadershipsummit.com/
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