Fintech PR

Upco International Inc. Announces New Directors in the Board

Published

4 years ago

May 29, 2020

Reading Time: 4 minutes

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2020) – Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce the appointment of Mr. Gerben Borsje, Mr. Juan Ramos Taboada and Mr. Sebastiano Massimo Galantucci to the Board of Directors, and Mr. Trent Collett as Executive Vice President Corporate Development and Investor Relations North America. Mr. Andrea Pagani Chief Executive Officer, Upco International Inc. was appointed as Chairman of the Board effective May 8, 2020.

Mr. Borsje and Mr. Ramos Taboada were elected by shareholders at the Company’s AGM held on December 20, 2019. Mr. Ramos Taboada consented to act as Director effective from the date hereof. Messrs. Franco Zanichelli and Sergio Mistrali were not re-elected as directors at the AGM and the Company would like to thank Messrs. Zanichelli and Mistrali for their service to Upco. Mr. Galantucci was appointed as the fourth member of the Board of Directors effective May 8, 2020.

Mr. Borsje is a self-made sales and distribution entrepreneur with extensive experience and a proven track record with fast moving products. Over the past more than two decades, he has successfully built a number of consumer brands on a global and pan-European scale. In this context, he has gained considerable experience managing negotiations for commercial agreements on an international level. Mr. Borsje’s contributions as a director will draw on his broad experience, innovative approach, and focus on building win-win relationships.

Prior to joining Upco International Inc. in the capacity of Executive Manager responsible for the Telecom Division and M&A strategy, Mr. Ramos Taboada was the Vice President Latinamerica and Caribbean at KPN ibasis (based in Argentina). He has extensive experience playing lead roles in building successful mobility and telecom companies including iBasis, which grew to be one of the largest carriers of international voice traffic in the world. From 2011 to 2015 he was the COO of Business Telecommunications Systems (revenues USD $350m), where he was responsible for world operations. He has also worked as a strategic advisor for SKYPE, where he was instrumental in helping to develop its Latin American footprint.

Mr. Galantucci joined Upco Systems in 2019 as COO and, effective January 1, 2020, became the Executive Manager responsible for the Digital Division at Upco International, which includes UpcoPay. He joins the Board with more than twenty years of diverse experience in the traditional telecom sector, and more recently in the digital arena. His broad experience in cross-cultural business management ranges from leading local teams to executive management positions. Prior to joining Upco, Mr. Galantucci was involved in building a Digital Enabler focusing on innovative telecom (OTT) and fintech solutions, with operations in London, Bahrain, Hong Kong and Manilla. His key areas of interest are M&A and business development.

Mr. Collett, based in Victoria, BC, is a senior business consultant with international experience, specializing in venture capital / financing and investor relations. His proven track record includes successful capitalization and business development of assorted ventures in the international mining exploration sector, with more recent diversification into telecom and Fintech ventures. In his new role, Mr. Collett will focus on business development activities in North America, as well as investor relations.

Mr. Andrea Pagani Chief Executive Officer, Upco International Inc., commented, “Upco International is at a turning point in terms of its corporate management, and is in the process of restructuring to better respond to a number of significant opportunities. We are very fortunate to have engaged these four gentlemen on our Board and senior management team. Their successful track records to date reflect proven expertise in their respective fields, as well as entrepreneurial competence. The diverse backgrounds, business acumen and international experience they bring to Upco will be invaluable as we continue to build the depth and vision needed to diversify offerings and expand within Europe and into the Latin American and North American markets.”

Upco also announces that Mr. Andrea Pagani, CEO, has loaned USD $150,000.00 to Upco International Inc.

Additionally, Upco announces that it has issued 5,531,704 common shares in its capital at a deemed price of $0.07 per share to arm’s length parties and insiders in settlement of CAN $387,225 in debt. The shares are subject to a statutory 4-month hold and are so legended.

As three of the creditors are “insiders” of Upco, part of the debt settlement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Upco is relying on the exemptions from the formal valuation requirement and the minority approval requirement set out in sections 5.5(a) and 5.7(a) respectively of MI 61-101 (Fair Market Value Not More Than 25% of Market Capitalization).

About Upco International Inc.

Upco International Inc. is a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce. Upco is a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business. Upco has designed a software application for Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using Blockchain Payment Services, users will be able to: send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments. The application will also allow vendors to securely share account information with their clients.

Please visit upcointernational.com or upcomobile.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO Upco International Inc., Upco Systems Inc.

[email protected]

+1 (212) 461 3676

Forward-Looking Statements

Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56533

Fintech PR

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

Published

1 hour ago

November 26, 2024

CISION (PR Newswire)

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

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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Fintech PR

Protecht launches advanced controls management solution

Published

8 hours ago

November 25, 2024

CISION (PR Newswire)

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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View original content:https://www.prnewswire.co.uk/news-releases/protecht-launches-advanced-controls-management-solution-302315104.html

Fintech PR

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

Published

9 hours ago

November 25, 2024

CISION (PR Newswire)

robert-rahman-joins-dinosaur-group-holdings-to-head-its-new-global-corporate-credit-securities-market-unit-in-the-us,-europe-&-asia

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.

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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