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H.E. Omar Sultan Al Olama Highlighted AI Governance and Regulations in the UAE

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Expand North Star hosted an unfiltered panel discussion to challenge the conventional narratives surrounding unicorn companies

Asian founders explored how increasing public-private partnerships are driving the growth of next-generation startups

DUBAI, UAE, Oct. 17, 2023 /PRNewswire/ — The rapidly evolving AI industry poses a challenge for regulators as they seek to foster public trust and confidence in AI while promoting innovation and competitiveness for local industry. A session titled ‘Leaders of Change Through the AI Lens’ underscored the potential impact of AI and the need for its regulation, on Day 3 of Expand North Star, hosted by the Dubai Chambers of Digital Commerce and organised by the Dubai World Trade Centre.

His Excellency Omar Sultan Al Olama, Minister of State for Digital Economy, Artificial Intelligence and Remote Work Applications and Chairman of Dubai Chamber of Digital Economy, revealed that the UAE Government has launched a program in partnership with Oxford University, to educate public officials on how to govern artificial intelligence, how to audit AI systems, and help explore use cases.

H.E. Al Olama said regulations must be adapted to specific countries, noting that the challenges facing the USA vary from those in the UAE, Japan, China or England. To prevent technology from harming the public, the world must agree on a regulatory baseline, where legislation is possible, and how it can be implemented.

Other panelists included Mohamed Gouled, Vice President of Industries, International Finance Corporation, US, and Emad Mostaque, Co-Founder and CEO, Stability AI, UK. Conscious of AI’s immense power, the panelists stressed the need for AI regulation. However, the speakers also acknowledged the technology’s vast potential to change and uplift the world, highlighting how various AI use cases can elevate small businesses and developing countries.

Exploring the Entrepreneurial Journey with Founders

Startup success stories are a business and tech media staple. But behind the glowing media reports is the hard work required to get there. Entrepreneurs need grit, patience, and perseverance to overcome obstacles and failures. Startups are for those who dare to challenge the status quo and create something new.

Expand North Star hosted an unfiltered panel discussion to challenge the conventional narratives surrounding unicorn companies. The panel featured prominent speakers from across the globe, including Rohit Chennamaneni, Founder at Darwinbox; Ramakant Sharma, Founder of LivSpace; Sebastien Borget, Co-founder & COO of The Sandbox; Dr. Milkayel Vardanyan, Co-Founder & CPO, Picsart; Dan Westgarth, Co-founder & COO, Deel; and Melvyn Lubega, Founder & Director, Go1, and was moderated by Nic Watson, CEO, Udrive.

During the discussion, the panelists shed light on the triumphs and challenges of building and scaling a business. They highlighted the importance of properly valuing startups, influenced by customer activities and external market factors. Various obstacles were addressed, including long hours and constant toil that negatively affect the founders’ and employees’ well-being. The speakers told of corporate and personal upheaval as their businesses scaled, requiring continuous reinvention to maintain growth.

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Asian Startup Scene: A Success Story

With its large population, history of entrepreneurship and public and private sector support for entrepreneurs, the Asian tech scene has never been this vibrant. Expand North Star had a Spotlight Asia focus on Day 3, hosting an engaging panel discussion titled ‘Exploring Ecosystems in Emerging Markets’. The panelists discussed the measures needed to propel future growth in the region’s startup landscape and an analysis of how increasing public-private partnerships are driving growth for next-generation startups.

Among the panelists were Ashok Kurian, Business Development & Startup Lifecycle Programs, Kerala Startup Mission; Ehantha Sirisena, CEO of KBSL, Sri Lanka; Naeem Zamindar, Founder, Neem, Pakistan; and Rezwanul Haque Jami, Head of Commercial Strategy, Ministry of ICT, Bangladesh.

The speakers noted that the challenges facing Asian countries present tremendous opportunities. Education, infrastructure, healthcare and more are all rich targets for transformation. Government bodies in the continent are adopting new disruptive technologies, including from startups. The speakers commended organizers for putting together prominent events, such as Expand North Star, essential to exploring international markets.

Hosted by the Dubai Chamber of Digital Economy, Expand North Star marks its largest-ever edition this year, from October 15-18, 2023, at its new Dubai Harbour venue. GITEX GLOBAL 2023 and Expand North Star bring together 1,800 startups from 100-plus countries at the Middle East’s biggest iconic superyacht hub. More than 1,000 investors with a combined total of over US$ 1 trillion under management are in Dubai, rapidly emerging as the heart of the world’s digital economy. This mega gathering of next-gen companies also features three themed sub-events targeting specific sectors: Fintech Surge, the Future Blockchain Summit, and Marketing Mania

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About Dubai World Trade Centre (DWTC):

A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to region’s leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region’s growth story with an estimated total economic output of AED 200 Billion, attracting over 30 million business visitors to Dubai over the past four decades.

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Tabono Capital Announces Strategic Partnership with Invesco to Deliver Enhanced Investment Solutions for UHNW Clients

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SINGAPORE, Nov. 26, 2024 /PRNewswire/ — Tabono Capital today has announced a strategic partnership with Invesco that enhances investment solutions for ultra-high-net-worth clients.

Tabono Capital, a multi-family office based in Singapore, collaborates with Invesco, a global investment management leader with over US$1.7 trillion in assets under management. This partnership merges Invesco’s institutional-grade investment expertise, cutting-edge portfolio solutions, and comprehensive research capabilities with Tabono Capital’s strong relationships with ultra-high-net-worth (UHNW) families across the Asia Pacific and Middle East regions.

This collaboration enables Tabono Capital’s clients to benefit from the extensive resources and scale of Invesco’s capabilities. For Invesco, the partnership provides enhanced access to sophisticated investors in key growth markets.

Key elements of the partnership include:

  • Implementation and construction of model portfolios and asset allocation frameworks
  • Access to institutional-grade investment research and comprehensive market insights for UHNW clients
  • Knowledge sharing and collaboration on market intelligence and investor insights

Nirish Unni, CEO & Co-Founder of Tabono Capital, emphasized the significance of the partnership: “This partnership represents a significant milestone in our growth strategy. By leveraging Invesco’s world-class investment research and asset allocation capabilities, we can provide our clients with institutional-grade investment solutions while maintaining the personalized service they expect from a boutique multi-family office.”

Santosh Rao, Co-Founder and Chief Revenue Officer of Tabono Capital, added: “Our clients increasingly seek institutional-quality investment solutions with global reach. This collaboration with Invesco allows us to deliver exactly that, while maintaining our personalised approach to client service. Together, we will create portfolios designed to capture opportunities in key global markets while effectively managing risk.”

Christopher Hamilton, Asia Pacific Head of Client Solutions for Invesco, stated: “We’re proud to partner with Tabono Capital to bring our industry-leading offerings and capabilities to Asia’s expanding family office and UHNW segment. This is a compelling platform for investors to access comprehensive strategies that can help them meet their financial goals.”

About Tabono Capital

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Tabono Capital is a multi-family office headquartered in Singapore, licensed by the Monetary Authority of Singapore (MAS) to provide Fund Management services. Co-founded by industry veterans and former private wealth managers Nirish Unni and Santosh Rao, the firm caters to ultra-high-net-worth families across the Asia Pacific and MENA regions, offering comprehensive wealth management and family office solutions. For more information, visit https://tabonocapital.com

Contact: [email protected]

About Invesco

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. For more information, visit www.invesco.com/corporate.

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Protecht launches advanced controls management solution

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SYDNEY, Nov. 25, 2024 /PRNewswire/ — Protecht Group, a global leader in enterprise risk management solutions, has released its innovative controls management solution. This cutting-edge tool empowers organizations to design, implement, and maintain a robust controls framework, streamlining compliance and enhancing operational efficiency.

Protecht’s controls management solution addresses the challenges faced by risk and compliance leaders in managing controls across complex regulatory environments. By integrating controls management into the organization’s broader ERM framework, the solution provides a centralized approach to mitigate risks, achieve compliance, and enable organizations to focus on strategic growth.

As organizations face increasing regulatory pressures, the need for a unified, efficient approach to controls management has never been greater. Many businesses struggle with fragmented processes, duplicated efforts across frameworks, and limited visibility into controls effectiveness. Protecht’s controls management solution simplifies these complexities by providing a single source of truth for controls assurance activities.

Key features of Protecht’s controls management solution

  • Centralized controls library: Offers a single repository for all control data, tailored to align with organizational needs and regulatory frameworks.
  • Simplified control testing: Streamlines the testing process with pre-built templates, automated scheduling, and real-time tracking of progress and results.
  • Framework library: Enables seamless mapping between controls and multiple regulatory standards to eliminate redundancies and simplify compliance efforts.
  • Advanced reporting and dashboards: Provides real-time insights into control effectiveness and areas requiring improvement, ensuring confidence in decision-making and risk management strategies.

“Protecht’s Controls Management solution simplifies the way organizations handle compliance and risk assurance,” says Damien Stevens, Chief Product & Marketing Officer at Protecht. “By integrating controls into the broader enterprise risk framework, we provide our customers with the tools they need to mitigate risks, optimize efficiency, and align their control environments with their strategic objectives.”

Supporting resources

To help organizations maximize the benefits of the new solution, Protecht offers a range of resources, including:

  • Live webinars showcasing the solution’s capabilities for risk and IT professionals alike
  • Product tours showing how the solution lets you solve specific controls-related problems
  • A comprehensive eBook on building effective controls frameworks
  • Opportunities to book a demo and see the solution in action

Find out more and download a brochure at www.protechtgroup.com/solutions/controls-management

About Protecht Group

Headquartered in Sydney, Australia, with offices in London and Los Angeles, Protecht Group provides innovative risk management solutions, including the Protecht ERM platform. Trusted by organizations across government, financial services, education, and other industries, Protecht empowers businesses to manage risk holistically, transitioning from spreadsheets and manual processes to efficient, integrated systems.

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Robert Rahman Joins Dinosaur Group Holdings to Head its New Global Corporate Credit Securities Market Unit in the US, Europe & Asia

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NEW YORK, Nov. 25, 2024 /PRNewswire/ — Dinosaur Financial Group LLC. (DFG), a New York based Investment Firm and Dinosaur Merchant Bank Ltd. (DMBL), a London based Institutional Brokerage announced the joining of Robert Rahman as the Global Head of the newly created Global Corporate Credit Securities (GCCS) unit.

Dinosaur Group’s new GCCS initiative seeks to provide clients with an alternative to the bulge bracket that will not compete with clients and seeks to offer those clients, a partner that can deliver reliable and trustworthy execution capabilities in a difficult liquidity backdrop. Robert’s new unit will complement the firm’s existing global footprint in Fixed Income. 

Robert will oversee the sales, trading, and research business globally for  Corporate Investment Grade, High Yield, Distressed, Stressed, Special Situations, Levered Loans, Re-Org Equities, Trade Claims, Private Credit and Converts within the GCCS unit.

Before Dinosaur, he was the Head of High Yield, Distressed and Loans within the capital markets division of Oppenheimer and Co (OPY) where he worked for the last 16 years. He has also been a senior member of Morgan Stanley’s High Yield sales team and has over 30 years of experience in all aspects of Institutional Credit. Robert started his career as a Credit Analyst within Salmon Brothers revered “Corporate Bond Research” team and at Donaldson, Lufkin & Jenrette’s “Leveraged Finance Research” team.

Announcing his appointment, Glenn Grossman, CEO, Dinosaur Group said, “Robert’s deep client and issuer relationships along with his previous success in leading and building global credit teams will help the group to provide institutional clients with an additional liquidity platform for one stop credit trading across the world. We are very excited to see the new business grow under his leadership.”

Elliot Grossman, Managing Director added, “With Robert’s leadership, the group seeks to help institutional investors by providing capital to help facilitate trades versus being another riskless agency credit shop.”

Speaking about joining the Dinosaur group and his plans for the new business, Robert said, “I was attracted to the group given its established track record of providing client solutions in Fixed Income, globally for the past 25 years. My focus will be to provide institutional investors with an enhanced global liquidity platform for the US, European and Asian markets. I look forward to building this business at DFG.”

He also stated, “Sourcing trading block paper is nuanced and requires deep and long-standing client relationships from the trader, analyst, PM and CIO level. The new team will look to gain Fixed Income clients’ trust, add value and provide liquidity while so many competitors retrench.”

About Dinosaur Group Holdings

Dinosaur Group Holdings (DGH) is the holding company for Dinosaur Financial Group LLC. (DFG), an investment firm registered with the SEC and a member of FINRA and SIPC, Dinosaur Merchant Bank Ltd. (regulated by the FCA) and New York-based SEC-registered investment firm DCM Advisors, LLC.

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Deploying a team of approximately 150 professionals, the overall organization provides global execution services, financing and advisory expertise/insights for equities, fixed income, commodities and derivatives, investment management as well as a suite of investment banking services providing financial solutions and capital markets execution to the middle market client base, both domestically and globally. Clients and counterparties spanning six continents are primarily institutions, family offices, asset managers, hedge funds, and corporations. Dinosaur Group takes pride in the business’ stable management, strong compliance, solid operations, and diverse talent.

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