Fintech PR
IGM Financial Announces Leadership Changes That Provide Strategic Continuity and Position Company for Further Growth
IGM Financial Inc. (IGM) (TSX: IGM) today announced senior leadership changes that will provide business and strategic continuity while further positioning the company for future growth.
Jeff Carney is retiring as President and Chief Executive Officer of IGM Financial and IG Wealth Management for health reasons. James O’Sullivan, formerly Group Head for Canadian Banking at Scotiabank, has been appointed as President and CEO of IGM Financial. Damon Murchison, currently Executive Vice-President, Head of Retail of Mackenzie Investments, has been appointed President and CEO of IG Wealth Management. These changes are effective immediately.
Mr. O’Sullivan is a seasoned financial executive who has held senior leadership roles in wealth and asset management, investment banking, mergers and acquisitions, and finance over the course of his career. He joins following a 30-year career at Scotiabank, where he most recently was responsible for the bank’s Canadian retail and commercial banking and global wealth and asset management activities.
“We are pleased to welcome James O’Sullivan, who is a well-respected industry veteran with a strong background in every aspect of the financial services sector, as the dedicated CEO of IGM Financial,” said Jeffrey Orr, Chairman of IGM Financial. “The Board believes strongly that he has the depth of knowledge and experience to successfully lead IGM forward as it continues to pursue its value creation strategy.”
“I am thrilled to join IGM Financial and build upon their effective strategies and business momentum,” said Mr. O’Sullivan. “I look forward to working with IGM’s talented senior leadership team to continue capitalizing on the recent success of the operating companies and enhancing the capabilities of the group.”
During his tenure, Mr. Carney pursued a client-centric strategy for IG Wealth Management that has improved the company’s competitive position and re-established Mackenzie’s position as an industry leader. He also brought a more integrated approach to creating shareholder value across IGM’s companies through operational effectiveness, technology and other initiatives that position IGM well for future success. Mr. Carney will continue to serve in an advisory capacity to the IGM companies.
“The last seven years have been among the most rewarding of my career and I am proud of what we have achieved for our clients, consultants, employees and shareholders. I have been honoured to lead the IGM companies and to work with an outstanding team, which has delivered exceptional results,” said Mr. Carney. “I have been diagnosed with the early stages of Alzheimer’s disease and while this is a tough decision to make, stepping aside at this time is the right move for both my family and the company. I know I am leaving the leadership of IGM in excellent hands and have great confidence in its future.”
“After more than 30 years in the industry in Canada and the United States and seven years leading IGM companies, Jeff Carney has been an agent for positive change, always with a focus on serving the client,” added Mr. Orr. “Under his visionary leadership, IGM’s companies have emerged stronger and more clearly aligned with their core strength and purpose. Jeff also enhanced the company’s breadth and diversity through its expansion into international markets and fintech. On behalf of the Board and the entire IGM team, we wish Jeff and his family the best. We are profoundly grateful for Jeff’s contributions.”
Mr. Murchison brings 25 years of financial services leadership experience to his new role at IG Wealth Management, including spending the last six years at Mackenzie, where he was responsible for the development and leadership of Mackenzie’s top-performing retail sales organization. He has a broad understanding of advisor-focused financial services in Canada, which will help enhance and broaden IG Wealth Management’s leading financial planning client offering.
Mr. Orr continued, “Damon Murchison’s deep experience across multiple financial services models and strong knowledge of the landscape and competition will be critical for IG Wealth Management’s new business growth. Under his leadership as IG Wealth Management’s dedicated CEO, IG Wealth Management will continue to increase scale and expand its distribution reach, expand financial planning capabilities for existing clients and acquire new high-net worth clients in a dynamic operating environment.”
“I am excited to lead IG Wealth Management into its next phase of growth,” said Mr. Murchison. “I am eager to work closely with the talented IG Wealth Management team and put my experience to work helping broaden IG Wealth Management’s financial planning client offering.”
Mark Kinzel, currently Executive Vice-President of Financial Services for IG Wealth Management, has been appointed Vice-Chair of IG Wealth Management, and will work closely with Mr. Murchison and continue to provide strong leadership and deep knowledge as head of IG Wealth Management’s consultant network.
These leadership changes complement the existing strong IGM leadership team, including Barry McInerney as President and Chief Executive Officer of Mackenzie Investments and Chris Reynolds as President and Chief Executive Officer of Investment Planning Counsel (IPC). Biographies for IGM’s leaders can be viewed here: https://www.igmfinancial.com/en/about-igm-financial/executive-leadership
As part of these changes, James O’Sullivan replaces Jeff Carney as a director of IGM Financial.
Fintech PR
CCTV+: From Silk Road Gateway to Global Innovation Hub: Xi’an Advances Industrial Upgrades and International Cooperation
XI’AN, China, Nov. 2, 2024 /PRNewswire/ — Xi’an, an ancient capital and starting point of the Silk Road, is growing rapidly into a cosmopolis of technological innovation, industrial transformation and international cooperation. The city is becoming a global hub for innovation and economic cooperation and a destination that converges historical heritage with modern creativity. By leveraging initiatives in New Quality Productivity, the Internet of Things, high-tech industries, culture, and international business services, Xi’an showcases its dynamic blend of past and future.
Industrial Development: Technology and Innovation Drive Emerging Industry Clusters
Aiming to establish itself as an international hub with rapid scientific and technological innovation, Xi’an is now building a comprehensive national science center and a center for science and technology innovation.
The Silk Road Technology City is now home to more than 4,000 companies and has fostered two major industry clusters, in optoelectronics and automobiles, each worth tens of billions. Leading industry giants like BYD and Samsung have established themselves here, taking advantage of Xi’an’s robust policy support for innovation-led growth. LONGi, a world leader in solar technology, is actively building Shaanxi’s 100-billion-grade silicon-based solar PV industry innovation cluster, driving industry-wide growth through R&D and supply chain expansion; while BYD’s comprehensive new energy vehicle industry chain has also positioned Xi’an as a key base for new energy technology and electric vehicles.
Belt and Road Hub: Connecting Development Across Borders
As a central hub along the Belt and Road, Xi’an recently hosted the Belt and Road Forum for International Think Tank Cooperation, fostering collaboration and advancing connected, networked development through the trans-Eurasian transport corridor. With growing trade opportunities, Xi’an is also expanding its reach into international markets, particularly in Central Asia, exporting specialty agricultural products like kiwi fruit.
Through conventions and conferences, Xi’an has demonstrated its significant potential for international economic cooperation, establishing stronger ties in Central Asia and Belt and Road countries.
New Quality Productivity: Smart Technologies and Advanced Manufacturing Fuel Growth
New Quality Productivity is driving Xi’an’s high-quality development leveraging smart technologies and intelligent manufacturing. Local enterprises like SUNNYIT are promoting innovative applications of IoT technologies to tackle industry bottlenecks, Xi’an Chinastar M&C Limited is supporting real-time urban management with products including smart manhole covers and parking monitoring systems to support urban safety and municipal services.
Industrial robots and intelligent manufacturing are also accelerating Xi’an’s industry transformation. Xi’an Aerospace Automation’s 4,000-kilogram robot, designed for warehouse logistics, highlights the city’s advancements in high-load, high-precision applications.
High-Quality Development: Digital Technology Empowers Xi’an’s Smart City Ambitions
Xi’an is progressing in smart city development, enabling companies to utilize big data and AI for comprehensive traffic analysis, enhancing traffic management efficiency, and establishing a “transportation+” multi-scenario service system to improve travel experiences.
Xi’an looks to cooperate with more companies and research institutions in fields of environmental protection, water-related affairs, education, and urban management with the goal of promoting technological breakthroughs in areas such as intelligent video analysis and large-scale AI models, empowering city management and services through digital technologies and support the development and innovation of companies in the city.
Opening Up to the World: Xi’an Shares Its Story and Strengthens Business Environment
The newly established Xi’an International Communication Center shares Xi’an’s story in multiple languages, promoting Chinese culture and positioning Xi’an as a major platform for cultural exchange. Additionally, a legal service center in Xi’an Chanba International Port now offers comprehensive legal support, fostering a fair and just international business environment.
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View original content:https://www.prnewswire.co.uk/news-releases/cctv-from-silk-road-gateway-to-global-innovation-hub-xian-advances-industrial-upgrades-and-international-cooperation-302294686.html
DUBAI, UAE, Nov. 2, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency exchange arena, is thrilled to announce its active participation at this year’s premier TON community event, The Gateway. The annual conference, renowned for uniting key players in the TON ecosystem, aligns perfectly with KuCoin’s mission to democratize cryptocurrency and expand its reach across the globe.
Representing KuCoin at the event was Alicia, who took part in the insightful panel discussion on “Perspective Sectors on TON for VCs and Exchanges.” Her presence underscored the vibrant potential of the venture capital market within emerging blockchain technologies, particularly the TON ecosystem. Alicia’s discussion highlighted how TON’s seamless integration with Telegram presents unique opportunities for innovation and user engagement, resonating with KuCoin’s strategic initiatives to bridge social connectivity with financial transactions.
“TON’s integration with Telegram not only simplifies the user experience but also amplifies it, making it a gateway for millions to engage with Web3 technologies,” Alicia stated. She emphasized KuCoin’s commitment to leveraging this synergy to enhance secure, user-friendly trading experiences, thus furthering its mission of putting crypto in every pocket.
KuCoin’s participation in The Gateway event reinforces its dedication to fostering a secure, robust, and accessible trading environment, paving the way for a new era of crypto and blockchain integration.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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View original content:https://www.prnewswire.co.uk/news-releases/kucoin-shines-at-the-gateway-event-advocating-for-blockchain-innovation-through-ton-302294685.html
Fintech PR
UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT
SINGAPORE, Nov. 2, 2024 /PRNewswire/ — UBS Asset Management, launches its first tokenized investment fund “uMINT”, made available through authorized distribution partner, DigiFT.
With DigiFT, investors can subscribe to uMINT using their preferred custody wallet solution, gaining access to real-time redemption capabilities via DigiFT’s platform. uMINT, a Money Market investment underpinned by high quality money market instruments based on a conservative, risk-managed framework, is built on Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service, a full service offering for digital asset services, that seeks to open the door to the world of decentralized finance to a broader range of market participants.
“We’re honoured to be an authorized distribution partner for UBS Asset Management in launching their first tokenized money market fund. This is a significant milestone in the world of Web3, and a testament of our ability to transform capital markets. Not only does this partnership bridge traditional finance with digital and decentralized technologies, it also demonstrates our ability to deliver next-generation investment solutions on an open network – for a new generation of global investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.
As part of the partnership, DigiFT will provide infrastructure for managing and monitoring on-chain distribution activities and transactions for the new tokenized money market fund. Enabled by blockchain technology, DigiFT’s best-in-class, open infrastructure ensures all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. Beyond streamlining administrative processes, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiencies, further allowing investors to invest and explore new financial Web3 use cases.
DigiFT is the first exchange deploying smart contract methods and processes, with an automatic market-making mechanism, to be recognized as a Recognised Market Operator (RMO) and awarded the Capital Markets Services (CMS) license by the Monetary Authority of Singapore.
Disclaimer: This article is not an advertisement making an offer or calling attention to an offer or intended offer
About DigiFT
DigiFT is the first exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg
For media enquiries, please contact [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/ubs-asset-management-launches-its-first-tokenised-money-market-fund-available-through-digift-302294683.html
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