I-Bytes Financial services Industry

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I-Bytes
Financial Services
January Edition 2020
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates................................................................................................................................................21
3. Rewards and Recognition Updates..................................................................................................................26
4. Customer Success Updates................................................................................................................................29
5. Partnership Ecosystem Updates.......................................................................................................................33
6. Event Updates.....................................................................................................................................................38

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Financial, M & A Updates
Financial Services Industry

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Financial, M&A Updates
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3i (UK) portfolio company ACR Capital Holdings signs
implementation agreement for the sale of ACR
3i Group plc (“3i”) announces that its portfolio company ACR Capital Holdings Pte. Ltd. has signed an
implementation agreement for the sale of its wholly owned subsidiary Asia Capital Reinsurance Group Pte. Ltd.
(“ACR”) to Catalina Holdings (Bermuda) Ltd, an industry leader in the legacy (re)insurance space. The transaction
is subject to the receipt of regulatory and other approvals. Proceeds to 3i are expected to be approximately $155m.
The transaction is expected to complete in the first half of 2020. ACR was established in November 2006 as Asia’s
first reinsurer with a focus on providing non-life risk solutions to the pan-Asian region. Headquartered in
Singapore, it has a regional presence across Asia, including Singapore, Japan, South Korea, Malaysia and Hong
Kong. During 3i’s investment period, 3i supported ACR’s establishment and creation in Singapore and its
subsequent development into an Asia-based reinsurance company with a worldwide client base.
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ICE acquires WMPH Vacations to expand its cruise business and add new
product capabilities
3i-backed International Cruise & Excursions (“ICE”), a global leader in travel
loyalty solutions, has acquired We Make People Happy Vacations (“WMPH”), a
leading cruise travel agency. Don Walker and Uf Tukel, the WMPH co-founders, are
re-investing alongside 3i and the other ICE shareholders. Don and Uf will join ICE
and take on senior leadership roles for the combined business.Founded in 2004 and
headquartered in Delray, Florida, WMPH is a key partner to all major cruise lines,
operating through its primary brand, iCruise, which is a leader in the industry and one
of the best online resources for consumers to research and book cruises. The
acquisition will help enhance ICE’s cruise offering and will provide new sales
capabilities, digital marketing and product technology. This will strengthen ICE’s
travel-oriented closed-user groups (CUGs) and further enhance ICE’s leading cruise
programmes.WMPH will continue to operate from its Delray, Florida headquarters,
with support from ICE’s international service centres. Located near major cruise
suppliers, the company is well positioned to build and maintain partner relationships.
Founders Uf Tukel and Don Walker will join the leadership team at ICE and
strengthen ICE’s commitment to excellence in cruise, product and marketing
solutions.
Executive Commentary
CEO, ICE, commented: “We see a number of commercial synergies between the
two organisations, and look forward to this next phase of the journey for WMPH
and ICE. We would like to welcome co-founders and to the ICE team.”
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3i (UK) announces sale of Aspen Pumps generating proceeds of c. £208m and
overall return of 4.1x MM
3i Group plc (“3i”) announces that it has agreed the sale of its investment in Aspen
Pumps Group (“Aspen”), the global market leader in condensate removal pumps, to
Inflexion Private Equity, the mid-market private equity firm. Proceeds to 3i will be c.
£208m, which represents a c. 55% uplift on its 30 September 2019 valuation.
Including the £52m of proceeds already received, this represents a 4.1x return on
invested capital and a 34% IRR. Aspen is the global leader in the supply of
condensate removal pumps into the fast growing air conditioning market. Aspen has
also built an impressive portfolio of brands including Xtra accessory products,
JAVAC tools, Advanced chemicals and Big Foot roof support systems. In December
2019 Aspen Pumps celebrated the milestone of selling 1 million pumps in a single
year, further cementing its position as the wholesaler’s choice for innovation and
reliability. 3i invested in Aspen in 2015 and has supported the company’s
transformation from a UK exporter into a truly multinational business with a strong
local footprint and people in each of its key geographies. As part of the buy-and-build
strategy, Aspen has completed 6 acquisitions in France, Germany, Australia and the
UK, enabling international revenues to more than treble over the last 5 years.
Partner and Head of UK Private Equity, 3i, commented: “This has been a classic
3i deal, where we have partnered with a high quality management team to support
Aspen’s transformation from a UK exporter into a truly multinational business,
through a combination of strong organic growth and innovative product
development as well as targeted acquisitions. I’d like to thank Adrian Thompson
and his management team for their commitment to delivering this plan and wish
them all the best in the future.”
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Arthur J. Gallagher & Co. (USA) Acquires Blueleaf Consulting Pty Ltd.
Arthur J. Gallagher & Co. announced the acquisition of North
Sydney, New South Wales-based Blueleaf Consulting Pty Ltd.
Terms of the transaction were not disclosed.Founded in 2006,
Blueleaf Consulting is a holistic financial wellbeing advice
practice offering wealth management, estate planning and
business succession support to businesses and individuals across
New South Wales. Arthur J. Gallagher & Co. (NYSE:AJG), a
global insurance brokerage, risk management and consulting
services firm, is headquartered in Rolling Meadows, Illinois. The
company has operations in 48 countries and offers client service
capabilities in more than 150 countries around the world through
a network of correspondent brokers and consultants.
"Blueleaf Consulting strengthens our financial wellbeing
consulting expertise, and the team's strong corporate and
individual client relationships also present excellent
cross-selling opportunities," said, Chairman, President and
CEO. "I am very pleased to welcome Gary, David, Benn and
their associates to our growing global team."
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Arthur J. Gallagher & Co. (USA) Acquires SBW Employee Benefits
Arthur J. Gallagher & Co. announced the acquisition of Halifax, Nova
Scotia-based Sinclair Billard and Weld Limited, and CJM Solutions + Inc.,
dba SBW Employee Benefits. Terms of the transaction were not
disclosed.SBW Employee Benefits designs, administers, markets and
manages comprehensive group insurance programs and defined
contribution group retirement programs for businesses and associations
across Atlantic Canada. It also provides consulting advice on employee
assistance plans and wellness programs. Arthur J. Gallagher & Co.
(NYSE:AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows, Illinois.
The company has operations in 48 countries and offers client service
capabilities in more than 150 countries around the world through a network
of correspondent brokers and consultants.
"With the addition of SBW's expertise and client-focused approach, our
Atlantic Canada capabilities are now unparalleled in the market," said
Chairman, President and CEO. "We are pleased to welcome Rob, Jamie,
Lorie and their associates to our growing global team."
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SURA (Colombia) agrees sale of participation in Sodexo Colombia
Grupo SURA and Suramericana agreed with the French multinational that it
acquires its minority shareholdings in the local operation of Sodexo Benefits,
which offers incentives for quality of life of employees, and in Sodexo On Site,
dedicated to food services and maintenance of facilities for companies. In the
mid-1990s, while Colombia faced major social and economic challenges, the
Company became a promoter of foreign direct investment by being the local
partner of international players such as Sodexo to encourage and accompany
them to install their operations in the country , generate employment, local
development and economic growth. Now, the sale of the stake in Sodexo
Colombia is agreed, in line with the strategic priority of Grupo SURA to focus on
its main financial services businesses, through its South American subsidiaries
(insurance and trend and risk management), SURA Asset Management (
pensions, savings, investment and asset management) and as the main
non-controlling shareholder of Bancolombia.
"After years of a successful partnership, we take this step according to the
route we define and which seeks to focus the portfolio on our core of financial
services, also strengthening the strategy of gradually reducing debt and
ensuring a capital allocation consistent with the plans that we have. At the
same time, we highlight the fact that Sodexo renews confidence in Colombia
by acquiring our participation and expanding its participation in this local
operation”, said President Grupo SURA.
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Laborie, a subsidiary within Patricia Industries (Sweden), acquires global
leader in childbirth and neonatal medical products for USD 525m
Laborie has entered an agreement to acquire Clinical Innovations, a
leading provider of single-use, clinician-preferred products for hospital
labor & delivery and neonatal intensive care unit departments. Key
products include the Kiwi Complete Vacuum Delivery System, which is
used in complicated childbirth procedures and the Koala Intrauterine
Pressure Catheter, which monitors the strength of contractions during
childbirth. In 2019, Clinical Innovations' revenues are expected to
amount to approximately USD 70m. The company has a track record of
high organic growth, as well as strong profitability and cash conversion.
The total consideration amounts to USD 525m on a debt-free basis,
which will be funded mainly by equity from Patricia Industries.The
acquisition is subject to approval by relevant competition authorities and
is expected to be completed during the first quarter, 2020.
"Within Patricia Industries we have built a number of great platform
companies with leading market positions in attractive niches. To
profitably grow these companies is a key priority. The acquisition of
Clinical Innovations is a highly attractive addition to Laborie's
existing operations", comments Investor CEO.
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Macquarie Infrastructure (Australia) and Real Assets reaches agreement to
sell Renvico
Macquarie Infrastructure and Real Assets (“MIRA”), via Macquarie European
Infrastructure Fund 4 (“MEIF4”), has reached an agreement to sell its interest in Renvico
to ENGIE. Renvico is a leading developer and operator of onshore wind farms, currently
invested in 142 MW of installed generation capacity across Italy. In addition, Renvico
owns a 50 per cent stake in a joint venture with KKR in France, representing a further
187 MW of installed onshore wind generation capacity. As part of this transaction, KKR
and its co-investors in the French joint venture have also agreed to sell their combined 50
per cent stake to ENGIE.When MEIF4 acquired Renvico, previously known as Sorgenia
Green, the business managed stakes in 277 MW of installed onshore wind generation
capacity. Since then, Renvico’s portfolio has grown to 329 MW of installed capacity
today with an additional pipeline of more than 300 MW under development.Since
making its first investment in renewables in 2005, MIRA has established itself as a major
investor in the sector. Today, MIRA and its managed funds oversee investments in 12.2
GW of green generation capacity across onshore and offshore wind, solar, hydro,
geothermal, bioenergy and energy from waste projects.
Head of MIRA EMEA, said; “During MEIF4’s period of investment, Renvico has
cemented its reputation as a major player in the European renewables sector –
supporting Italy and France as both countries transition to a more sustainable energy
mix. We are delighted to have played a role in Renvico’s growth story and to have
found a new owner who will oversee its continued development.”
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Mastercard (USA) Acquires RiskRecon to Enhance Cybersecurity Capabilities
Mastercard announced an agreement to acquire RiskRecon, a leading provider of
artificial intelligence and data analytics solutions to support companies in protecting
their cyber systems and infrastructure. In a rapidly evolving digital world,
cybercrime is a pertinent threat to business. Large-scale data breaches and
ransomware attacks place billions of records at risk each year, jeopardizing consumer
trust.With RiskRecon’s pioneering scanning and evaluation technologies,
organizations can proactively manage cyber risks, better safeguarding critical
intellectual property and consumer and payment data. In addition to supporting
Mastercard solutions, RiskRecon will continue to provide cyber security solutions
across a broader set of industries, including healthcare and manufacturing.RiskRecon
is the only continuous vendor monitoring solution that delivers risk-prioritized action
plans custom-tuned to match your risk priorities, providing the world’s easiest path
to understanding and acting on third-party cyber risk. Partnering with RiskRecon
enables you to scale your third-party risk management program to efficiently realize
dramatically better risk outcomes.
“The innovations from the talented team at RiskRecon will further accelerate our
suite of cyber solutions designed to help financial institutions, merchants and
governments secure their digital assets,” explained President of cyber and
intelligence for Mastercard. “Through a powerful combination of AI and
data-driven advanced technology, RiskRecon offers an exciting opportunity to
complement our existing strategy and technology to secure the cyber space.”
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Partners Group (Switzerland) agrees the sale of its stake in Merkur Offshore,
a 396MW German offshore wind farm development
Partners Group, the global private markets investment manager, has, on behalf of its clients,
agreed to sell its stake in Merkur Offshore, a 396MW offshore wind farm located in the North
Sea. Partners Group is the largest shareholder in a consortium of Merkur shareholders ("the
Consortium"), which includes InfraRed Capital Partners, DEME Concessions, GE Energy
Financial Services and ADEME. The Consortium has agreed to sell 100% of Merkur to APG, the
Dutch pension investor, and The Renewables Infrastructure Group ("TRIG"), the London-listed
investment company advised by InfraRed Capital Partners.Partners Group, together with the
Consortium, acquired Merkur in August 2016, in line with the firm's relative value strategy of
proactively building core assets. Over the last three years, the Asset has been transformed from a
construction-ready development site to a utility-scale wind farm within the German exclusive
economic zone off the North Sea coast. Now fully operational, Merkur comprises 66 General
Electric ("GE") Haliade-150 6MW offshore wind turbines, which are capable of supplying green
energy to approximately 500,000 households. The project benefits from a guaranteed
Feed-in-Tariff until 2033 and has a ten-year O&M agreement with GE Renewable Energy for the
service and maintenance of the turbines.Partners Group and the Consortium worked closely with
Merkur's management team over the last three years to create value, including delivering the
construction in line with budget, optimizing the operations for the next 30 years, building a strong
in-house team for Merkur and strengthening the capital structure with a refinancing.
Senior Vice President, Private Infrastructure Europe, Partners Group, states: "We are very
proud to have supported Merkur through its key value creation period, from development
project to fully operational core asset. Renewable energy not only continues to be a
transformative trend within the infrastructure asset class and an important component of
Europe's future energy security, but it is also a key focus of Partners Group's infrastructure
investment strategy."
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Partners Group (Switzerland) to acquire EyeCare Partners, a leading
US medical vision services provider
Partners Group, the global private markets investment manager, has agreed to
make a significant equity investment on behalf of its clients in EyeCare Partners
LLC ("ECP" or "the Company"), the largest vertically integrated medical vision
services provider in the US. Partners Group will become the majority shareholder,
while ECP's management team and physician partners will continue to maintain a
substantial equity stake. The transaction is expected to close in the first quarter of
2020.Founded in 2015 and headquartered in St. Louis, Missouri, ECP has an
extensive network of full-scope medical optometry and ophthalmology practices,
with over 450 locations across 13 states throughout the US. The Company
employs over 500 optometrists and 85 ophthalmologists who, together with over
4,400 clinic staff, offer patients end-to-end services covering medical optometry,
ophthalmology and sub-specialties, and vision correction products. ECP's model
provides an integrated network of services that cover the entire lifecycle of a
patient's eye care needs, which results in increased patient and physician
satisfaction and retention.
Managing Director, Co-Head Private Equity Directs Americas, Partners
Group, states: "As the largest medically focused and integrated eye care
services provider in the US, ECP is a market outperformer with strong
momentum in a growing industry. We are excited to bring our operational
experience with multi-site healthcare operations into partnership with ECP's
talented management team and physician partners, who share Partners
Group's focus on ensuring patient care remains at the forefront of operational
decisions. We look forward to working together with Kelly and the entire team
to enhance patient care, expand geographically, and build local density,
among other things."
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Scentre Group (Australia) expands its Westfield portfolio through the
acquisition of a 50% interest in Booragoon
Scentre Group announced it has acquired a 50% interest in Garden City Booragoon,
Perth for $570 million, inclusive of long-term property management, brand and
development rights. Booragoon was 100% owned by AMP Capital Diversified
Property Fund, who will now become Scentre Group’s 50% joint venture
partner.Scentre Group will immediately commence pre-development work for a new
development scheme in order to create long-term value for the co-owners.The
acquisition price represents a stabilised economic yield of approximately 5.5%.
Booragoon’s current income has been impacted by preparations for the previous
redevelopment plans. The current passing yield is approximately 4.7% with the
immediate focus on improving income back to its full potential.The transaction is
expected to be marginally accretive to Scentre Group’s earnings from 2020 and will
increase gearing to 31.7% (pro forma 30 June 2019 and before the buyback of SCG
securities).Scentre Group reconfirms its forecast Funds from Operations (FFO)
growth per security, for the full year 2019, of 0.7% and distribution of 22.60c per
security.
Scentre Group CEO said: “We are excited to expand our operating business by
adding the rebranded Westfield Booragoon to our leading Living Centre
portfolio.Opportunities to purchase the best assets like Booragoon are rare. This
acquisition follows the transactions we executed earlier in the year which
released $2.1 billion of capital allowing us to pursue strategic and long-term
value creating opportunities such as this one.”
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Voya Financial (USA) to Sell Individual Life Business and Other Closed Blocks
Voya Financial, Inc., announced that it has entered into a definitive agreement with
Resolution Life Group Holdings (Resolution Life) whereby Voya will divest its
Individual Life and other legacy non-retirement annuities businesses. The blocks of
business being divested include those that Voya had previously closed to new sales
and include substantially all of the company’s individual life insurance business;
fixed and variable annuities not included in Voya’s 2018 sale of its annuities
business; pension risk transfer liabilities; and other similar blocks.
“This transaction enables Voya to realize significant value for these legacy blocks
and will allow us to fully focus on our high-growth, high-return, capital-light
businesses,” said Chairman and chief executive officer, Voya Financial, Inc. “It
will further enable us to expand our leadership position as one of the foremost
retirements, asset management and employee benefits companies in the United
States, while also enabling us to generate greater value for all of our stakeholders.
Voya will continue to benefit from our diverse revenue and earnings sources and
will have an improved risk profile with reduced interest rate, credit and mortality
risk.This transaction completes the restructuring effort that began with our initial
public offering in 2013, begins a new chapter in Voya’s future, and will further
distinguish Voya from its competitors as a company with a compelling business
mix. We are fully committed to the growth of — and will continue to invest in —
our core Retirement, Investment Management and Employee Benefits
businesses, which hold leading positions in the marketplace and will enable us to
help all Americans get ready to retire better,”.
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Motive Partners Acquires Majority Interest in Investment Services Business of
Fiserv (USA)
Motive Partners, a private equity firm focused on technology-enabled companies that power
the financial services industry, and Fiserv, Inc., a leading global provider of payments and
financial services technology solutions, have entered into a definitive agreement under
which Motive Partners-led investors will acquire up to 60% of the Investment Services
business of Fiserv. Retaining a 40% equity interest in the business, Fiserv will receive
approximately $510 million in net after-tax proceeds. The Investment Services business is a
leading technology provider for key segments of the wealth and asset management industry.
Its scalable, integrated platform delivers mission-critical, end-to-end software solutions for
the front, middle and back office. As a provider of a premier platform for the industry, the
Investment Services business serves a blue-chip customer base in a market with favorable
macro trends and the potential to accelerate growth as a standalone business. Going forward,
the business will benefit from the experience and expertise of Fiserv, Motive Partners and
Cannae Holdings in growing scaled financial technology businesses and will remain
committed to delivering market-leading wealth management capabilities through innovative,
adviser-centric technology solutions.
“We are delighted to be joining forces with Rob and Motive Partners to enhance and
accelerate Investment Services’ leadership position,” said Chairman and Chief
Executive Officer of Fiserv. “The new joint venture will increase our collective focus on
growth and value, while creating more opportunities for clients, associates and
shareholders.”
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3i (UK) -backed Action has successfully secured a €625m add on
financing
3i Group plc (“3i”) announced that it is facilitating a transaction that will provide liquidity to limited partners in EuroFund V, who need
to exit as the fund comes to the end of its life, through a sale of their interest in Action to new 3i-managed entities backed by existing
investors in EuroFund V, new investors and by 3i. In support of this transaction, Action has successfully syndicated and allocated an
additional €625m Term Loan alongside its existing €2.285bn Term Loan and €125m Revolving Credit Facility. Proceeds from the
additional Term Loan, together with some surplus cash from the business, will finance a total distribution to shareholders of
approximately €750m. As set out in our earlier press release, 3i intends to re-invest its share of these proceeds back into Action. Debt
investor demand for the additional Term Loan in syndication was strong and the tranche was significantly oversubscribed. This enabled
the pricing of the loan to be tightened in Action’s favour improving upon the initial guidance to market. The successful outcome
underlines the significant growth in Action since 3i, and funds managed by 3i, invested in the Company in 2011. The company is a
seasoned issuer in the debt markets having completed repeated financings to date. The strong demand from investors reflects the high
level of support for Action’s performance, strategy and management.
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CIT (USA) Provides $36.2 Million for Acquisition of Plano Office Building
CIT Group Inc. announced that its Real Estate Finance unit provided $36.2 million in financing
for the acquisition of Park Center, a 97% leased, multi-tenant office building in Plano, Texas.
Park Center, which was acquired by an affiliate of Innovatus Capital Partners LLC, is a five-story,
Class A office building located at 2400 Dallas Parkway that encompasses approximately 236,000
square feet of rentable space. The building is easily accessible via the Dallas North Tollway and
the George H. Bush Turnpike and is sited within walking distance of several retail amenities
including The Shops at Willow Bend, Polo Town Crossing, Legacy West and The Shops at
Legacy. The building's tenant base is highly diverse featuring a collegiate sports marketing
company, a major worldwide insurer, and a major independently owned title company.CIT is a
leading national bank focused on empowering businesses and personal savers with the financial
agility to navigate their goals. CIT Group Inc. is a financial holding company with over a century
of experience, approximately $50 billion in assets as of Sept. 30, 2019, and operates a principal
bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's
commercial banking segment includes commercial financing, real estate financing, equipment
financing, factoring and railcar financing. CIT's consumer banking segment includes its national
online bank, CIT Bank, and a Southern California branch bank, OneWest Bank, a division of CIT
Bank, N.A.
"We were pleased to have another opportunity to support Innovatus' expanding portfolio by
providing financing for the acquisition of Park Center," said Head of CIT's Real Estate
Finance unit. "This transaction demonstrates CIT's financing capabilities and the strong
partnerships that develop as a result."
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CIT (USA) Serves as Sole Lender on $35 Million Financing for Icelandair
CIT Group Inc. announced that its Aviation Lending business, part of its Commercial Finance
division, served as sole lender and facility agent on a $35 million secured financing for Icelandair
Group, the national carrier of Iceland.Icelandair Group operates in the international aviation and
tourism sectors. With Iceland as a hub, Icelandair's route network centres around the unique location
of the country midway between North America and Europe, connecting a number of destinations to
and from Iceland as well as across the Atlantic. Since its foundation in 1937, Icelandair has steadily
expanded its route network and, in 2018, transported 4.1 million passengers to 21 destinations in
North America and 23 destinations in Europe, employed around 4,600 full-time employees and
generated total revenue of USD 1.5 billion. Icelandair is a part of Icelandair Group, which also
operates a regional airline in Iceland, an airfreight and logistics business, aircraft leasing and
consulting services, in addition to investments in tourism. Icelandair Group is listed on NASDAQ
Iceland (ICEAIR).CIT is a leading national bank focused on empowering businesses and personal
savers with the financial agility to navigate their goals. CIT Group Inc. is a financial holding company
with over a century of experience, approximately $50 billion in assets as of Sept. 30, 2019, and
operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The
company's commercial banking segment includes commercial financing, real estate financing,
equipment financing, factoring and railcar financing. CIT's consumer banking segment includes its
national online bank, CIT Bank, and a Southern California branch bank, OneWest Bank, a division of
CIT Bank, N.A.
"We worked closely with Icelandair to understand their requirements and structure a financing
agreement that meets their needs and advances them toward their business objectives," said
President of CIT's Aviation Lending business.
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Frasers Property Australia acquires major Brisbane residential site
Frasers Property Australia has settled the acquisition of a major Brisbane infill site at Keperra, nine
kilometres north west of the CBD, for A$31 million. The 48.7-hectare site is one of the largest to be
marketed in Brisbane in recent times with an estimated GDV of A$2341 million. Following an
extensive community engagement program, the site has approval for the development of a
masterplanned residential community with up to 700 homes and approximately 60 per cent open green
space.Frasers Property has delivered some of Brisbane’s most awarded and functional masterplanned
communities, including Yungaba House and Hamilton Reach on the Brisbane River, Brookhaven
Living at Bahrs Scrub and Cova at Hope Island.
General Manager – Residential Queensland, Frasers Property Australia says “The site, currently
a quarry, is one of the most elevated areas of land in Brisbane, ranging from 80 to 190 metres
above sea level.The design for the masterplanned community is still being refined however most
of the residential dwellings will be built between 100 and 145 metres above sea level, creating
some spectacular views to the Glasshouse Mountains.The elevation is a real point of difference
for this site, enabling us to apply our design and development expertise to maximise the natural
advantages of being so high up.The significant scale of the Keperra site less than 10 kilometres
from the Brisbane CBD presents an outstanding opportunity to create an urban environment that
provides its residents with a convenient and connected lifestyle, a stunning outdoor environment
and a commanding outlook.The existing approval is for up to 700 residential dwellings, parks and
conservation areas, a 7,000 sqm neighbourhood retail and childcare centre. The new community
will offer people choice with a combination of detached, low density and medium density terrace
homes.In a substantial commitment to revegetating the Keperra hillside, more than half of the site
will be open space, comprising conservation land and stabilisation and rehabilitation of the
quarried hillside. The remainder will be developed as residential, retail, roads and
infrastructure.Our focus now is to refine the masterplan design for the new community, working
toward an expected launch in 2021. We are excited by the opportunity to transform this site into
a truly unique residential community that will be a positive outcome for Keperra and Brisbane.”
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Mastercard (USA) Brings Digital Identity to Real World Tests
Mastercard marked the first tests of a new digital service that has the potential to verify
a person’s identity immediately, safely and securely in both the digital and the physical
world. The initial in-market pilot will take place in Australia through two separate efforts
with Australia Post and Deakin University.The pilot program will test a new way for
people to prove their identity without having to carry multiple documents. Instead, the
model allows the data to sit with its rightful owner – the user. It will activate a distributed
model that blends information stored on an individual’s mobile device and verified by
additional reference points, such as an individual’s bank or participating government
agencies . It eliminates the need for a centralized identity database.Mastercard’s
consumer-centric approach was outlined in a Principles of Digital Identity vision paper
earlier this year and prioritizes privacy-by-design.The initial phase of the pilot with
Deakin University featured student volunteers testing an identity verification process for
student registration and digital exams at the Burwood and Geelong campuses in
Victoria.To support its identity efforts, Mastercard has entered into a separate partnership
with Australia Post to integrate the agency’s existing Digital iD solution and expand the
ability for Australians to identify themselves easily when accessing services.
“Our increasingly digital life – the way we transact and interact – has challenged our
traditional notions of identity, trust and privacy. We need a new model,” said,
President of cyber and intelligence for Mastercard. “We believe that this starts with
a commitment to the responsible handling of personal information, giving consumers
control over which data is used and how it is used to verify their identity.”
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Morgan Stanley (USA) Investment Management Raises $5.5 Billion for Its
Third Global Infrastructure Fund
Morgan Stanley Infrastructure Partners, the private infrastructure investment team within
Morgan Stanley Investment Management, announced that it has raised $5.5 billion for North
Haven Infrastructure Partners III, six months after the fund’s first close on June 19, 2019.
North Haven Infrastructure Partners III includes some of the world’s largest and most
sophisticated institutional infrastructure investors, including public and private pension
funds, sovereign wealth funds and insurance companies.A global platform, Morgan Stanley
Infrastructure Partners invests in private infrastructure assets and companies with the
potential to be transformed into core infrastructure assets. Consistent with its predecessor
funds, North Haven Infrastructure Partners III will pursue opportunities that can benefit from
operational efficiency improvements and value creation initiatives. The team’s focus sectors
include Transportation, Power Generation (including Renewable Generation), Natural Gas
Infrastructure and Digital Infrastructure. The team has already announced two investments
for the fund: PNE AG, a German onshore wind power company, and Fiber of Portugal, the
largest fiber network in Portugal.Morgan Stanley Infrastructure Partners is a leading global
infrastructure investment platform. The team has a proven and disciplined approach to
investing in infrastructure assets globally and seeks to create value through active asset
management and by implementing operational improvements.
“We are grateful for the trust and support from both our long-standing partners as well as
new investors,” saidChief Investment Officer for Morgan Stanley Infrastructure
Partners. “We are confident that our active approach to value creation, together with the
reach of the Morgan Stanley platform, will continue to deliver results for our clients.”
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Enhanced E*TRADE (USA) Mobile App Matches Unparalleled Functionality
With Faster, Sleeker, and More Intuitive Experience
21
Solution Description
E*TRADE Financial Corporation announced the relaunch of its award-winning E*TRADE Mobile app.1 Continuing its legacy of mobile innovation, the new iOS application
delivers the comprehensive functionality investors and traders seek, now through a remarkably intuitive and engaging experience unrivaled by any in the industry.
Enhancements include:
• A centralized account experience. Investors are served the functionality that matters most to them. Now they can see all accounts in one place and have a customized
experience for each of their unique account types. With nearly 50% of total E*TRADE logins coming from mobile apps, this is a critical channel to meet customers wherever
they may be on their financial journey.
• Efficient navigation. The redesigned iOS app delivers an even faster, sleeker, and more intuitive experience. Similar features are grouped together in tabs, and in-focus features
are prominently displayed, delivering a more efficient use of the screen. Key research functions are also easily accessible. And coming soon, investors can toggle between a
light or dark theme.
• Trade in two taps. Today, customers can even more easily access the trade ticket from all screens with clear and concise directions, such as: Save Order, Preview, View Order
Status, and Place Order. The mobile app is the second-most popular channel for customers to place trades, so it was paramount to make the experience seamless, with the ability
to trade in as little as two taps.
E*TRADE was named #1 Mobile App by StockBrokers.com, Best for Mobile Traders by Barron’s, and Best Stock Trading App by Investopedia. E*TRADE was also ranked
first by Corporate Insight for mobile capabilities in their Q4 2019 e-Monitor report. The E*TRADE Mobile app also has a 4.7 rating in the Apple App Store.

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E*TRADE Corporate Services (USA) Announces Automation Enhancements
and Industry-Leading Reporting Functionality for Equity Edge Online®
22
E*TRADE Financial Corporate Services, Inc. announced a series of reporting and automation enhancements to its award-winning1 stock plan administration platform, Equity Edge Online
(EEO).
• Report bursting and file sharing functionality. An industry first, this fully automated feature allows stock plan administrators to run certain participant reports and statements in EEO and then
deliver them as customized PDFs to participants on etrade.com. Clients can save time and mailing costs, while participants can easily access grant and plan information.
• Retirement Eligibility (RE) enhancements. Administrators can customize RE for shares on a grant-by-grant basis for an unlimited number of eligibility dates, and RE taxation is integrated
within EEO’s existing taxation framework. The participant experience is also streamlined—their unvested shares are automatically withheld to help cover potential tax liabilities. In addition,
participants have a clearer view of their retirement eligibility tax obligations through automatically generated confirmations on etrade.com that break down Medicare, Social Security, federal,
and state taxes.
• ESPP share withholding. Administrators can now flag participants who will have a taxable event during their ESPP purchase. Administrators can withhold shares to cover the participant’s
tax obligations. Participants can alleviate the need to pay taxes with cash and limit the impact to their paycheck.
The E*TRADE Financial family of companies provides financial services, including trading, investing, banking, and managing employee stock plans. Employee stock plan solutions are
offered by E*TRADE Financial Corporate Services, Inc. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Commodity futures and options
on futures products and services are offered by E*TRADE Futures LLC (Member NFA). 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 (Members FDIC).

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E*TRADE Corporate Services (USA) Automates Online Trade Clearance
Process, an Equity Compensation Industry First
23
E*TRADE Financial Corporate Services, Inc. announced an industry-first enhancement—online trade clearance automation.
Administrators can enter, view, and edit trade clearance instructions online for their participants, including trading windows, time period,
number and type of shares, and other grant-specific information. Participants also benefit from more transparency in the process. Now
they can set up their trades online, view approved trading periods, and automatically receive an alert when their clearance instructions
have been set up or updated. This eliminates the need for phone calls and emails with their administrator.The E*TRADE Financial family
of companies provides financial services, including trading, investing, banking, and managing employee stock and student loan benefit
plans. Employee stock and student loan benefit plan solutions are offered by E*TRADE Financial Corporate Services, Inc. Securities
products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Commodity futures and options on futures
products and services are offered by E*TRADE Futures LLC (Member NFA). 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 (Members FDIC).

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Freddie Mac (USA) Announces Industry-First eNote Custody and
Certification Integration
24
Freddie Mac announced that it has launched an automated eNote certification solution for third-party eNote
custodians, which includes a system-to-system integration from Freddie Mac’s Loan Selling Advisor®. The
solution provides a seamless, one-stop shop for custodial needs, while also delivering risk management and
eNote process efficiency benefits to loan Sellers and Servicers.As a key component of Freddie Mac’s Loan
Selling Advisor, this integration enables third-party eNote custodians to digitally compare the lender-delivered
loan data with data included in the borrower’s signed eNote, and to provide results of the certification to the
lender.Freddie Mac will remain as an eNote custodian option for its Sellers and Servicers, and will notify
eMortgage Sellers and Servicers in advance of any changes to the custodian options.

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EVO Payments Allows Discover Global (USA) Network Cardholders to
Pay at More Locations in the UK and Ireland
25
Discover Global Network, the payments brand of Discover, and EVO Payments (“EVO”), a leading global provider of payment technology integrations
and acquiring solutions, announced an agreement that will allow EVO merchants in the UK and Ireland to process Discover, Diners Club International
and affiliate card networks. EVO Payments will be enabling UK and Ireland merchants this year, while merchants in other markets will be enabled in
2020, providing Discover Global Network cardholders with a more seamless payments experience while traveling.The Discover Global Network
includes Discover Network, Diners Club International, PULSE and more than 15 alliance partner networks across the globe, including relationships in
China, Japan, Korea, India, Brazil, Turkey, and Nigeria. It has more than 44 million merchant acceptance locations and 2 million ATM cash access
locations around the world.Discover Financial Services (NYSE: DFS) 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. It operates the Discover Global Network comprised of Discover
Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International,
a global payments network with acceptance around the world.

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R & R Updates
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E*TRADE (USA) Named by Glassdoor as One of the Best Places to Work
In 2020
26
E*TRADE Financial Corporation announced it was recognized as one of the best places to work in 2020 by Glassdoor. E*TRADE was the only
online broker recognized within the top 80 companies, placing #78 out of 100 on the list, and holds 3.9 out of five stars on Glassdoor, the highest
rating of its peers.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 (Member FINRA/SIPC). Commodity futures and
options on futures products and services are offered by E*TRADE Futures LLC (Member NFA). 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 (Members FDIC).Glassdoor’s Best
Places to Work were determined using company reviews shared by US-based employees between October 23, 2018 and October 21, 2019. To be
considered for the US large category, a company must have had at least 1,000 or more employees and have received at least 75 ratings across each
of the eight workplace attributes from US-based employees during the period of eligibility. The final list is compiled using Glassdoor’s proprietary
algorithm, led by its Economic Research Team, and takes into account quantity, quality and consistency of reviews.
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Voya Investment Management (USA) Named to Pensions & Investments Magazine's "2019
Best Places to Work in Money Management" List for the Fifth Consecutive Year
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Voya Investment Management, the asset management business of Voya Financial, Inc, announced that it has been named to Pensions & Investments
magazine's "2019 Best Places to Work in Money Management" list. This is the fifth consecutive year Voya has been named to the list.Pensions &
Investments partnered with Best Companies Group, an independent research firm specializing in identifying great places to work, to conduct a two-part
survey process of employers and their employees. The first part consisted of evaluating each nominated company's workplace policies, practices,
philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an
employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined
scores determined the top companies.Among the unique benefits Voya Investment Management offers its employees include 40 hours of annual
volunteer time with the charitable organizations of their choice. The company also holds its annual National Day of Service where each office across
the country spends the day taking part in local volunteer events.In addition to this accolade, earlier this year, Voya was listed on the 2019 Disability
Equality Index® as a “Best Place to Work for Disability Inclusion.” Voya was also named one of the World’s Best Employers by Forbes and as one of
the Best Places to Work for LGBTQ Equality for 14 consecutive years in the 2019 Human Rights Campaign Foundation annual Corporate Equality
Index.
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Voya (USA) Recognized by DALBAR for Excelling in Digital Participant
Retirement Planning Support
28
Voya Financial, Inc., announced that DALBAR, Inc., an independent research firm that evaluates, audits and rates the
business practices of financial institutions, has recognized the company with three separate DALBAR distinctions for
communications excellence in its online and mobile retirement planning capabilities. Voya was acknowledged specifically for
its innovative participant website, mobile app and mobile website experience.Voya was recognized by DALBAR in the
following categories:
• Voya’s Participant Website, featuring the myOrangeMoney® experience, was granted the 2019 DALBAR Seal of
Communications Excellence for financial services communications — marking the ninth year in a row Voya earned this
honor.
• Voya’s Mobile Website was recognized for the second time with the Seal of Communication Excellence.
• Voya’s Retirement Mobile App received the 2019 DALBAR Seal of Communications Excellence for the fifth consecutive
year.
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Ameriprise Financial’s (USA) New Customer Relationship Management
System Helps Advisors Deliver Best-in-Class Service
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Ameriprise Financial, Inc. released details on how its new Customer Relationship Management (CRM) system further enables the firm’s approximately 10,000
financial advisors to deliver its award-winning customer service to clients[1] and grow their practices. The new system, Ameriprise CRM, built on top of Salesforce
Financial Services Cloud, makes it easier for advisors to provide a consistent, referable and advice-based experience to every client.
Ameriprise CRM puts more information at advisors’ fingertips, supporting best-in-class service.
The new system centralizes more than 200 data elements and makes it easier than ever for advisors to meet and communicate with clients, open new accounts, and
smoothly conduct business. With Ameriprise CRM, advisors can tailor their services to the preferences of individual clients – including how often they meet and
the desired format for meetings.
Advisors get insights into data they care about as practice leaders, and tools to drive growth.
With Ameriprise CRM, advisors can harness data to better operate their practices. They can oversee their practices’ workflows, assign tasks to staff members,
customize reports and dashboards, and track interactions with individual clients or their entire book of business. In addition, the enhanced system gives advisors
new tools to market and grow their practices. For example, the “Campaigns” feature allows them to manage invitations and RSVPs, ensuring they have the desired
turnout for marketing events and promotions.
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Connor Broadley Adopts SEI (USA) Wealth Platform
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SEI announced that UK wealth manager Connor Broadley will adopt the SEI Wealth PlatformSM (SWP).Connor Broadley will take advantage of
SWP’s ability to significantly reduce manual procedures, mitigate friction in the portfolio management process and increase oversight and control.
Connor Broadley chose SEI following a competitive process run by Silverhill Consulting.The SEI Wealth Platform (the Platform) is an outsourcing
solution for wealth managers encompassing wealth processing services and wealth management programs, combined with business process expertise.
With the Platform, SEI provides wealth management organizations with the infrastructure, operations, and administrative support necessary to
capitalize on their strategic objectives in a constantly shifting market. The SEI Wealth Platform supports trading and transactions on 130 stock
exchanges in 41 countries and 43 currencies, through the use of straight-through processing and a single operating infrastructure environment. Connor
Broadley is an independent, owner-managed company based in Mayfair, specialising in wealth management for private clients, and employee benefit
consultancy for corporates. Established in 2007, Connor Broadley’s approach to wealth management is unusual in that it places equal emphasis on high
quality financial planning advice and in-house investment management expertise. For its private clients the company is responsible for £400m FUM,
and its employee benefits team look after over 100 corporate clients.
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SAFE Credit Union Extends Its 38-Year Relationship with Fiserv (USA)
to Expand Member Services and Accelerate Growth
31
Fiserv, Inc., a leading global provider of financial services technology solutions, announced that SAFE Credit Union, headquartered in Folsom, California
and serving the greater Sacramento region, has chosen to extend its 38-year relationship with Fiserv to increase its overall agility in today’s digital banking
environment.With nearly $3 billion in assets, SAFE Credit Union is among the nearly 150 credit unions with at least $1 billion in assets using a core account
processing platform from Fiserv. The credit union has grown exponentially since its beginnings in 1940 as a ten-member cooperative serving Army Air Corps
service members. The institution’s goal is to reach $5 billion in assets by 2023.SAFE Credit Union decided to migrate to DNA® from Fiserv to take
advantage of the platform’s open architecture, APIs, and holistic view of member relationships. These capabilities will allow SAFE to operate effectively and
strategically as it continues to scale. The move to DNA will also help the credit union advance its business services capabilities, an important part of its
long-term growth strategy. SAFE is one of the few credit unions offering business banking services in California.DNA is a modern core account processing
platform with an open architecture built for collaboration, making it easier for financial institutions to integrate other solutions, bring products and services
online quickly, and add new capabilities using downloadable DNAapps™. DNA provides a holistic view of member relationships that will enable SAFE
Credit Union to deliver personalized service and more relevant product offerings. The platform also supports business account growth with powerful built-in
commercial servicing capabilities.
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Deluxe Adds Lockbox Processing Assets and Establishes Reseller Agreement
With Fiserv (USA) to Solidify Treasury Management Market Position
32
Deluxe, a Trusted Business Technology™ company, announced it has added the Remittance Solutions assets of Fiserv
– which include lockbox processing – complementing its Deluxe Treasury Management portfolio of solutions. Deluxe
will assume control of the Fiserv lockbox businesses operating in five locations, including the main Chicago facility.
Fiserv is a current client of Deluxe Treasury Management Services, utilizing the company’s lockbox software, and will
become a reseller of Deluxe lockbox processing. The Fiserv lockbox business primarily services wholesale lockbox
processing for B2B payments.Deluxe is an industry leader in treasury management solutions and recently won
Synchrony’s remittance processing work in an agreement announced Nov. 20. The addition of the Fiserv assets
enhances the ability of Deluxe to serve clients in the remittance and lockbox processing space, with the knowledge,
resources and focus required to be a service provider of choice.
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Pacific Northwest Marine Team Joins Arthur J. Gallagher & Co. (USA)
33
Arthur J. Gallagher & Co. announced completion of a transaction to hire the Pacific Northwest marine business
team of Brown & Brown of Washington, Inc. and assume the associated marine book of business. Terms of the
transaction were not disclosed.The brokerage team handles all lines of marine insurance for a wide variety of
maritime clients around the world. The team will operate from offices in Seattle and Newport, Oregon, under the
direction of, head of Gallagher's Northwest region retail property/casualty brokerage operations.Arthur J. Gallagher
& Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered
in Rolling Meadows, Illinois. The company has operations in 48 countries and offers client service capabilities in
more than 150 countries around the world through a network of correspondent brokers and consultants.
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Commerzbank, Credit Suisse and UBS execute first live transactions on
the Deutsche Börse (Germany) -HQLAx securities lending platform
34
Deutsche Börse and HQLAX successfully launched their jointly developed Distributed Ledger Technology (DLT) solution for frictionless
collateral swaps in the securities lending market. The live transactions were executed by Commerzbank, Credit Suisse and UBS on the Eurex Repo
F7-trading system. As part of these transactions, ownership of a basket of German government bonds and a basket of corporate bonds was
swapped between UBS and Commerzbank, both using Clearstream Banking S.A. as custodian. This was followed by a cross-custodian swap
between UBS and Credit Suisse, in which ownership of a basket of corporate bonds at Clearstream Banking S.A. and a basket of German
government bonds at Euroclear Bank was exchanged without the need for securities to be physically moved between the collateral agents. Instead,
the change in ownership was recorded on the digital collateral registry, which is one of the four layers of the HQLAX operating model and was
built on Corda Enterprise, the commercial distribution of R3’s blockchain platform.In addition to Commerzbank, Credit Suisse and UBS, over 15
market participants, including CIBC, Citi, Goldman Sachs and ING, are currently engaged in different phases of onboarding to the HQLAX
platform. Meanwhile, J.P. Morgan is in the process of becoming the third tri-party agent in the HQLAX operating model, alongside Clearstream
Banking S.A. and Euroclear Bank. This will add another important custody/collateral location to the solution, further increasing collateral
mobilisation efficiencies for participants.
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Mastercard (USA) and Doconomy Extend Collaboration to Deliver a
More Sustainable Future
35
Doconomy and Mastercard extended their joint effort to combat climate change. Moving beyond previously announced programs, this new arrangement
brings the ability for any Mastercard issuer to offer their cardholder the ability to track and understand their carbon footprint based on purchases made. The
first bank in the U.S. and Nordea in the Nordics announced they will join The Bank of Åland in enabling clients to track and measure their CO2 impact
through the Åland Index.As part of the expanded relationship, Mastercard has made an equity investment in Doconomy to further scale the expansion of the
carbon tracking and offsetting platform to additional markets.Doconomy uses the Åland Index, a cloud-based software service, to track the CO2 emission of
every transaction. The index connects each transaction category to its impact on the planet. The solutions offer a proven, independent benchmark climate
index and is based upon leading financial data. The index has been enhanced with data through a newly formed partnership with Trucost, a part of S&P
Global.Doconomy was founded in 2018 and has already received several awards for their solution as the Grand Prix in Cannes Lion and been named a partner
to the United Nations Framework Convention on Climate Change (UNFCCC).Mastercard (NYSE: MA), www.mastercard.com, is a technology company in
the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses
in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a
business and managing finances – easier, more secure and more efficient for everyone.
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Swiss Bankers to Deliver an Innovative Solution for Transferring Money
through Partnership with Mastercard (USA)
36
Swiss Bankers launched its new money transfer service “Send” leveraging the Mastercard Send™ platform. In collaboration with Mastercard, the Swiss prepaid card
issuer is now offering consumers the ability to make secure international payment transfers via an app, to 18 countries. People will be able to receive their money to bank
accounts, digital wallets, eligible Mastercard cards, and soon, cash pick-up points.The new service is now available to all Swiss Bankers cardholders, within the ‘My
Card’app. Users can select the type of payment, the destination and amount to transfer. Mastercard provides predictability with guaranteed currency conversion rates and
certainty of transferring money to the recipient within as little as 30 minutes.At the moment, cross-border money transfers are available to 18 countries via the ‘My Card’
app, expanding to more countries in the coming year. Today, international peer-to-peer payments can be made from Switzerland to: Brazil, the Dominican Republic,
India, Kenya, Morocco, Mexico, Pakistan, Peru, the Philippines, Poland, Romania, Serbia, Slovakia, Sri Lanka, Turkey, Hungary, the USA and Vietnam. The availability,
operation and functionalities of the services may vary by location.Swiss Bankers Prepaid Services Ltd is an internationally oriented financial-services provider based in
Zurich and Bern. The company leads the way in the development, distribution and processing of prepaid credit cards and offers innovative solutions for secure cashless
payment transactions worldwide. As one of the first providers in Switzerland, Swiss Bankers enables mobile payments with Apple Pay, Samsung Pay and wearables such
as Garmin and Fitbit. Swiss Bankers is continuously strengthening its leading position in this market and developing new digital payment options. The company was
founded in 1975 and first became known through Travelers Cheques.
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SEI (USA) Renews Strategic Partnership with the Association of Governing
Boards of Universities and Colleges
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SEI, a leading provider of outsourced chief investment officer (OCIO) services, announced the renewal of its strategic
partnership with the Association of Governing Boards of Universities and Colleges (AGB), an organization centered on
governance in higher education. AGB’s membership boasts 1,300 boards, representing nearly 2,000 universities and
institutionally-related foundations. Working with AGB provides SEI the opportunity to share thought leadership surrounding
the latest trends and challenges board members face related to the investment management of their endowments. Through this
strategic partnership, SEI also maintains involvement in various educational forums throughout the year, including
participation at AGB’s Annual Foundation Leadership Forum.For more than 25 years, SEI has provided an OCIO solution for
nonprofit institutions, currently working with 185 nonprofit clients that represent $28.3 billion in assets.* Of these clients,
nearly 40 are colleges and universities, with Drury University, Idaho State University, University of North Alabama,
University of Redlands and University of the Arts among the new higher education institutions added since 2018.
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Event Updates

Event Updates
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Upcoming Events - Financial Services
Wealth Wave Convention
WealthWave's annual World Leadership Convention
is the event where we gather to showcase our team's
impressive achievements, celebrate the previous
year's accomplishments, share our vision for the
future, and give our top leaders a stage to speak
directly to those they mentor and serve all year long.
Hosted By : WealthWave
Las Vegas, USA
30 Jan - 01 Feb, 2020
https://www.wealthwaveconvention.com/
Asia Pacific Conference on Finance and
Economics (APCFE)
The Asia Pacific Conference on Finance and
Economics (APCFE) is a platform for researchers,
scientists, scholars, students and industry
professionals from around the world to present their
current research, and foster alliances with peers.
Hosted By : APCFE
Brisbane, Australia
01 Feb, 2020
https://www.apcfeconference.com/
Annual Conference of P.R.I.M.E. Finance
The Annual General Meeting of P.R.I.M.E. Finance is the premier event in the
field of dispute resolution and international financial markets. For the ninth
year in a row, financial experts, arbitrators, judges, lawyers, regulators,
academics and many of the founders of the derivatives and structured finance
industries will travel from all over the world to The Hague to join this special
session on financial dispute resolution. Many of our nearly 200 Experts in
finance and dispute settlement will be present.
Hosted By : PRIME
The Hague, Netherlands
03-04 Feb, 2020
https://primefinancedisputes.org/
LSE SU Alternative Investments
Conference (AIC)
The LSE SU Alternative Investments Conference (AIC) was
founded by a group of committed and entrepreneurial
undergraduate students in 2005 who aimed to create a forum for
rich dialogue and debate between the world’s leading figures
within alternative investments, and students keen to learn more
about the industry.
Hosted By : LSE SU
London, UK
03-04 Feb, 2020
https://www.lseaic.com/
Cross-Border Distribution Conference
(CBDC)
We are delighted to announce the date of the 8th Annual
Cross-Border Distribution Conference. Hosted by Deloitte
and Elvinger Hoss Prussen, in collaboration with Financial
Times Live, the global events division of the Financial Times,
the event will take place on Luxembourg.
Hosted By : Deloitte
Luxembourg, USA
04 Feb, 2020
https://www.cross-border.lu/
Finastra Universe Paris
Now in its fifth year, Finastra Universe is a paramount for the financial
services market. It is an annual international executive event series that
is developed specifically to help regional players address the modern
challenges in the world of cutting-edge technologies. The aim of the
conference is to enable banks and financial companies with solutions to
overcome challenges and support them with insights during the process
of transformation into strategically focused, innovatively adept and
operationally agile organizations.
Hosted By : Finastra
Paris, France
04 Feb, 2020
https://www.finastra.com/finastra-universe/paris
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Credit Trends
Credit Trends is a powerful intelligence tool that delivers unmatched
perspective into anonymous, time-series credit data, specifically
attributed for trending, market analysis, benchmarking and research
purposes. Credit Trends utilizes proven Equifax technology and
analytics to link and track account level credit data for the complete
Equifax U.S. consumer credit database over time and across a number
of different dimensions.
Hosted By : Equifax
Helsinki, Finland
04 Feb, 2020
https://www.equifax.com/business/credit-trends/
Funding & Financing Inquiry Forum
This is a day for any local authority elected member
or staff member with an interest in funding tools and
sources, funding and rating policy, decision-making,
accountability, and planning.
Hosted By : SOLGM
Wellington, New Zealand
04 Feb, 2020
https://www.solgm.org.nz/Event?Action=View&Event_id=644
Aon Pension Conference Manchester
The Aon Pension Conferences are designed for trustees of pension
schemes and pensions, HR and finance professionals who make
decisions about their company’s pension scheme. Attendance is free
and offers delegates the opportunity to hear experts’ views and ideas on
how to manage defined benefit and defined contribution pension
schemes, the conference also provides a platform to learn from and
network with peers.
Hosted By : AON
Manchester, UK
25 Feb, 2020
https://www.aon.com/unitedkingdom/events/default.jsp
Coface Country Risk Conference
Open to all, Coface's annual Country Risk Conference brings
together the knowledge and insight of French and international
experts from the worlds of business, finance, politics and
economic research. Over the course of a full day, they decipher
and debate the issues shaping global economics and geopolitics,
as well as some of the major challenges facing tomorrow's world.
Hosted By : COFACE
Paris, France
04 Feb, 2020
https://www.coface.com/News-Publications/Coface-Country-Risk-Conference
NAIFA Success Summit
The National Association of Insurance and Financial
Advisors (NAIFA) serves and represents insurance and
financial advisors regardless of the products they sell or the
focus of their practice. NAIFA’s membership promise is to
Advocate. Educate. Differentiate.
Hosted By : Carson
Washington, USA
04 Feb, 2020
https://www.carsongroup.com/event/naifa-success-summit/
CatIQ Connect - Canada's Catastrophe
Conference
The annual Bank Executives Conference will feature 2 days
of networking, 14+ hours of sessions, and 8 national
speakers. Informative speakers, invaluable networking
opportunities, and entertainment are just the tip of the iceberg
at this year’s event.
Hosted By : CatIQ
Toronto, Canada
03-05 Feb, 2020
https://connect.catiq.com/
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Africa BFSI innovation Summit (ABIS)
2nd Annual Africa BFSI Innovation Summit will bring together some of the top CIOs,
CISOs, CTOs, Heads of IT, ICT, Risk, Compliance, Retail Banking, Customer
Experience, Analytics etc. from Banks, Micro-Finance, Credit Unions & Insurance
companies across East Africa. The summit will be held on the 4 - 5 February 2020 in
Nairobi and will provide a variety of learning formats like keynote presentations,
panel discussions, fireside chats and exclusive networking that will lead to meaningful
business connections throughout Africa.
Hosted By : TRADEPASS
Nairobi, Kenya
04-05 Feb, 2020
https://www.africabfsi.com/
GTR West Africa
As the region increasingly focuses on investment in value add industry to
promote diverse self-sustaining economies, the need for policy makers to
optimise hard currency liquidity while boosting local production and exports
poses a challenging environment to those trading across borders. Market-lead-
ing speakers sourced from a range of key economic sectors will reflect on the
latest regulatory developments impacting trade, and pinpoint the role of key
trade and export financing liquidity sources, players and deal structures in
facilitating business growth.
Hosted By : Exporta
Lagos, Nigeria
04-05 Feb, 2020
https://www.gtreview.com/events/africa/gtr-west-africa-2020/
Asset-Based Capital Conference
Get ready for another great year of outstanding
networking opportunities combined with superior
educational presentations. Now in its 11th year, our
Asset-Based Capital Conference brings together all the
key players from the major asset-based market
participants. Make sure you're there, too.
Hosted By : Function4
LasVegas, USA
04-05 Feb, 2020
https://www.f4.events/events/11283
Payment Conf.
FinTech & Payment innovation is happening now. Banks are
transforming to digital banks and competing with newcomer start-up
companies. New regulations are being adopted in EU. Payment
Networks are pushing forward for tokenization. Very fast pace of
changes, easy to get lost, How to spend technical effort wisely and
invest where it makes sense. This is exactly what this event is about.
Also lots of networking with fellow FinTech companies and Gurus.
Hosted By : DevClub
Riga, Latvia
04-05 Feb, 2020
https://2020.paymentconf.com/
Driving FDI Through PPPs
The "Driving FDI Through PPPs" Round-Table will
provide an insight into Government strategy to increase
the pace of economic growth by increasing foreign direct
investment through the use of PPP's and narrowing the
infrastructure gap to deliver enhanced public services.
Hosted By : PPP
Tashkent, Uzbekistan
04-05 Feb, 2020
http://www.uzbekppp.com/
Moodys European Credit Trends
Conference Munich
The theme this year – navigating a more fractured world – looks into the impact on
credit of increasing polarization, geopolitical risks and the persistently low or negative
interest rate environment. How will these challenges change the outlook for 2020 and
beyond? How can credit assessments incorporate new risks? Join one of the largest
credit event series globally bringing together over 2000 investors, issuers, analysts
and intermediaries to explore what themes are set to shape credit markets.
Hosted By : Moody’s
Munich, Germany
05 Feb, 2020
https://events.moodys.io/events/ct2020-munich
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Event Updates
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Alternative Lending Forum
Alternative Lending Forum will bring together key fund managers,
investors, and advisers to assess the state of the market and the outlook
for the future. It will cover areas like Lending and Fundraising Activity
update, State of the market: deploying capital in an increasingly
competitive but uncertain climate, What impact is alternative lending
having on small and early-stage businesses, and is the opportunity
callable for alternative lenders, and much more.
Hosted By : Alternative Lending Forum
London, UK
05 Feb, 2020
http://altlendforum.com/about/
About FinTech India Expo
FinTech India expo and Blockchain summit will display
applications and innovations in the fields of Blockchain,
AI, Big Data, IoT and Quantum Technologies. This is an
opportunity for global professionals to engage, learn and
explore what’s next in the realms of such emerging
technologies.
Hosted By : Fintech
NewDelhi, India
19-21 Feb, 2020
https://www.fintechindiaexpo.com/
Fintech Week Tel Aviv 2020
Fintech Week Tel Aviv gives you front row access to the
Israeli ecosystem and brings together players from host
of global fintech hotspots to deliberate, network, share
ideas and find ways to collaborate and do business, as
well as learn about the trends and disruptions that will
dictate the future of the industry.
Hosted By : Fintech
Israel
10-12 Feb, 2020
https://fintechweektelaviv.com/2020
TradingTech Summit
The TradingTech Summit brings together senior-level
decision makers in trading technology, electronic
execution and trading architecture to discuss how firms
can use high performance technologies to optimise
trading in the new regulatory environment.
Hosted By : A-TEAMGROUP
London, UK
25 Feb, 2020
https://a-teaminsight.com/events/tradingtech-summit-london/?utm_medium=email&utm_source=fintechweeklycom
FiNext Conference
FiNext Tech Awards & Conference was created to provide a digital hub
and meeting place for the global FinTech sector, allowing start-ups,
SMEs, incumbent tech providers, investors, financial institutions and
other stakeholders to connect and interact under one roof. In addition to
the conference, FiNext Tech Awards acknowledge the efforts of
FinTech thought leaders, torchbearers of the industry.
Hosted By : FiNext
Dubai
26-27 Feb, 2020
https://finextcon.com/buy-passes/
FINTECH Bridge China-UK
The 2nd annual event will delve into China’s
unique tech landscape and present the
opportunities for organisations on both sides of the
bridge to expand their business and build new
relationships.
Hosted By : FINTECH
Munich, Germany
27 Feb, 2020
https://fintechcircle.com/fintech-bridge-china-conference/?utm_medium=email&utm_source=fintechweeklycom
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