Fintech PR
With the completion of the Seoul International Financial Office, Seoul invites financial institutions to move into SFIO
The Seoul Metropolitan Government announced that it will open the “Seoul International Financial Office (SIFO)” in Yeouido*, Korea’s financial mecca, in this coming October.
To be located on the 16th floor of the Seoul International Financial Center (“One IFC“), SIFO is a dedicated space for domestic and international financial institutions, featuring offices of various sizes that can accommodate from one to 30 people.
With the completion of SIFO, the Seoul Metropolitan Government will select ten financial institutions to move into SIFO. Applications will be accepted for two days from August 20 to 21. The selected institutions will be allowed to move into SIFO from the end of October.
The interested companies may get more detailed information and the documents to be submitted from the Seoul Metropolitan Government’s website (www.seoul.go.kr). Applications should be submitted to the Economic Policy Division at the Seoul Metropolitan Government. Those unable to visit the City Hall may apply online ([email protected]). The final selection will be made through written evaluation and face-to-face interviews around the end of August.
The eligible companies for the application are the head offices, branches, and regional headquarters of domestic and foreign financial firms, and finance-related international organizations or non-profit corporations or groups that have a plan to newly locate or re-locate their office in Yeouido. Financial institutions that plan to run temporary offices to check the area before they decide to move in Yeouido are eligible for the application.
The final selection will be conducted based on comprehensive evaluations of the applicants’ organizational capacity, human resources’ expertise, and contribution to the area’s financial industry, such as attracting investment and creating jobs.
Each selected firm is allowed to use an independent office space within SIFO for two years. After the two years, they can stay there for up to three years (five years in total) through performance evaluation. They also can use a lounge for networking, international conference rooms, seminar rooms, and meeting rooms free of charge.
Various support programs will be offered including legal and investment consulting, educational seminars, networking with financial firms in Yeouido, and provision of foreign executives and employees.
The Seoul Metropolitan Government plans to foster SIFO as a hub for the domestic and international financial industry while making it the key to enhancing the financial competitiveness of Yeouido by linking it with “Seoul FinTech Lab*,” and “Financial Graduate School,” a digital financial education hub.
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* 640 financial institutions and Seoul FinTech Lab lncluding 70 FinTech companies are based in Yeouido |
Networking events and IRs will be held throughout the year to link financial institutions in SIFO with Seoul FinTech Lab. The Financial Graduate School will be opened on the 17th floor of the same building in September and will provide opportunities for financial institutions to participate in the digital financial curriculum. Employees of the financial firms at SIFO can observe the digital financial expert courses operated by KAIST through a certain screening process.
Mr. Kim Eui-seung, Deputy Mayor for Economic Policy, said, “Seoul will attract competitive domestic and international financial institutions in Yeouido to make Seoul an international financial hub. We will provide intensive support so that SIFO can become a driving force to do so and enhance synergy effects through the cooperation of domestic and foreign financial companies.”
Fintech PR
HR Path Acquires IntSys Solutions, Strengthening Its Workday Expertise and Expanding Presence in Northern Ireland
HR Path, a global leader in HR consulting and HRIS solutions, is proud to announce its strategic acquisition of IntSys Solutions, a Northern Ireland-based company specializing in Workday integration and innovative HR technology services.
PARIS, Jan. 9, 2025 /PRNewswire/ — HR Path empowers organizations through a comprehensive suite of HR solutions. With expertise across advisory, implementation, and managed services, HR Path supports over 3,000 clients worldwide on their HR digital transformation journeys. Established in 2001, the company operates in 22 countries, consistently delivering innovative and customized solutions to drive organizational success.
Founded in 2021, IntSys Solutions has quickly built a strong reputation for its customer-centric approach, extensive expertise in Workday implementation and integration, and tailored HR solutions that meet clients’ unique needs.
Following the acquisition of Three Plus Consulting in March 2024, a UK-based Workday specialist, this acquisition marks another significant step for HR Path in strengthening its capabilities and expanding its presence in Northern Ireland and the broader UK and Irish markets.
This acquisition further reinforces HR Path’s mission to empower companies through comprehensive HR solutions and services across advising, implementation, and managed services, solidifying its position as a global leader in the HR industry.
“Welcoming IntSys and its talented team into the HR Path Workday practice marks a significant step in expanding our ability to deliver seamless integrations and innovative solutions to our clients,” noted Thomas Ortega, Workday Partner at HR Path. “This new partnership aligns perfectly with HR Path’s focus on exploring new opportunities with Workday and providing our clients with enhanced options to meet their evolving needs.”
“We’re thrilled to join the HR Path family,” expressed Sean Sheerin, Managing Director of IntSys. “The journey to this partnership felt more like catching up with friends than formal business meetings, which speaks to how well our values align. This collaboration opens greater opportunities for both our team and our clients, allowing us to offer an enhanced range of services while maintaining the level of trust and quality we’re known for. Together with HR Path, we’re excited to create even better solutions and continue delivering exceptional value to our clients.“
PDF: https://mma.prnewswire.com/media/2593816/HR_Path_EN.pdf
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CONTACT: Fabienne LATOUR – [email protected]
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FORNEBU, Norway, Jan. 9, 2025 /PRNewswire/ — Aker Horizons ASA (the “Company”) has mandated Arctic Securities, DNB Markets and Nordea as Global Coordinators and Senior Bookrunners and SEB and Danske Bank as Joint Lead Bookrunners to arrange a series of fixed income investor meetings commencing on 9 January 2025.
A NOK denominated senior unsecured green bond issue with a 4-year tenor may follow, subject to inter alia market conditions (the “Bond Issue”). The proceeds from the potential bond issue will go to eligible activities in accordance with the Company’s green finance framework, which includes a refinancing (in whole or in parts) of the Company’s outstanding NOK 2,500 million unsecured bond maturing in August 2025 (ISIN: NO0010923220) (“AKH01”).
The credit investor presentation that will be used during the investor meetings is available at https://akerhorizons.com/investors/.
For further information, please contact:
Kristoffer Dahlberg, Chief Financial Officer
Tel: +47 91 12 44 75
Email: [email protected]
Stian Andreassen, Investor Relations
Tel: +47 41 64 31 07
Email: [email protected]
About Aker Horizons
Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. www.akerhorizons.com
This information is considered to include inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Mats Ektvedt, Partner in Corporate Communications, on 9 January 2025 at 08:15 CET.
IMPORTANT INFORMATION
This communication is not an offer to sell or purchase, or the solicitation of an offer to sell or purchase, any securities, or the solicitation of a proxy, in any jurisdiction in which, or to any person to whom, such offer, sale or solicitation is not authorized or would be unlawful. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.
The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This communication contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and other statements, which are not statements of historical facts. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “will be” and similar expressions. You are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, and that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements contained herein. The forward-looking statements in this communication speak only as of the date hereof and, other than as may be required by applicable law, the Company does not undertake any obligation to update or revise any forward-looking information or statements.
This information was brought to you by Cision http://news.cision.com
View original content:https://www.prnewswire.co.uk/news-releases/aker-horizons-asa-fixed-income-investor-meetings-and-potential-new-bond-issue-302346805.html
Top global CLO issuer expands European footprint with three innovative investment products
MISSION WOODS, Kan. , Jan. 9, 2025 /PRNewswire/ — Palmer Square Capital Management (“Palmer Square“), a credit-focused alternative asset management firm with more than $33 billion in assets under management founded in 2009, is planning to launch three pioneering ETFs for European institutional investors. Two of the ETFs will be passively focused on EUR and USD denominated AAA and AA CLO debt with the third planned to be an active multi-strategy ETF providing similar exposure to the actively managed ETF currently offered in the US by Palmer Square.
“The launch of these ETFs in Europe underscores our commitment to delivering cutting-edge solutions in complex investment environments across the globe. It is a natural extension of our global expertise in structured credit and demonstrates our ability to meet the rising market demand,” said Angie Long, Chief Investment Officer and Portfolio Manager at Palmer Square Capital. “Leveraging our proprietary benchmarks trusted by institutions worldwide, these new products offer efficient access to a unique and compelling asset class, affirming our commitment to creating value for institutional and professional investors.”
These ETFs will offer capital preservation by targeting cycle-resilient assets with zero historical defaults, including an actively managed multi-asset credit allocation product offering a single-manager solution to simplify portfolio construction and provide enhanced access to the best relative value opportunities across corporate and structured credit. The passive products will create investable access to Palmer Square’s deep understanding and research within the senior tranches of the CLO market.
“Institutional appetite for our proprietary European CLO indices and debt products further underscores the demand for these innovative ETFs. Our ability to manage and develop these products entirely in-house ensures operational independence and best-in-class execution,” said Taylor Moore, Managing Director and Portfolio Manager.
The Palmer Square ETFs are expected to be offered in Europe in early 2025.
For more information, please visit www.palmersquarecap.com.
About Palmer Square Capital Management
Founded in 2009 by Christopher Long, with major offices in Kansas City and London, Palmer Square manages over $33 billion in fixed income/credit investments on behalf of a diverse client base inclusive of institutional investors, wealth management firms, and high net worth individuals (as of 12/31/24). The firm primarily focuses on Opportunistic Credit, Income Strategies, Private Credit, and CLOs while offering many product opportunities, including mutual funds, exchange traded funds, separately managed accounts, private partnerships, CLOs, and a publicly traded Business Development Company, Palmer Square Capital BDC Inc. (NYSE: PSBD).
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Media contact: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/palmer-square-capital-management-set-to-launch-first-european-clo-etfs-302346399.html
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