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Bank of Asia’s Founder Carson Wen Appealed to Privy Council in UK on Employment Dispute with Chad Holm

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Mr. Carson Wen, Founder and Chairman of Bank of Asia (“the Bank”), has filed the Notice of Appeal with the Privy Council in UK on the ongoing employment dispute with Chad C. Holm, a former employee of Financial Holdings (BVI) Limited (“FHL”). Mr. Wen expresses that he would continue to pursue all legal options to set the record straight. He also stresses that Bank of Asia is not a party to the proceedings and is not in any way affected by the court action.

Mr. Wen obtained Final Leave from the Eastern Caribbean Court of Appeal on 16 September 2020 to appeal to the Judicial Committee of the Privy Council (often referred to as the Privy Council) in the United Kingdom on the dispute with Chad C. Holm regarding an alleged shareholding matter.

The Notice of Appeal has subsequently been filed with the Privy Council, the final court of appeal for the British Virgin Islands and other Eastern Caribbean jurisdictions on 10 November 2020.

Meanwhile, the legal proceedings filed by FHL against Chad Holm and two co-Defendants for breach of contract, breach of trust and breach of fiduciary duties in the Hong Kong High Court in October 2016 are continuing. Mr. Wen was the CEO of Financial Holdings (BVI) Limited, which employed Chad Holm as Deputy CEO in October 2015.

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Alternative Lending Market to Reach $1,076.3 billion, Globally, by 2033 at 11.6% CAGR: Allied Market Research

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Factors such as increase in demand for flexible financing options and surge in favorable regulatory changes positively impacts the growth of the market. In addition, rise of peer-to-peer (P2P) lending and crowdfunding lending is expected to propel the global market growth.

WILMINGTON, Del., March 24, 2025 /PRNewswire/ — Allied Market Research published a report, titled, Alternative Lending Market by Type (Peer-to-Peer Lending, Crowdfunding, Invoice Trading), Tenure (Short-term, Mid-term, Long-term), and End User (Individual, Businesses): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the alternative lending market was valued at $354.8 billion in 2023, and is estimated to reach $1,076.3 billion by 2033, growing at a CAGR of 11.6% from 2024 to 2033.

Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A47768

However, the data privacy and security concerns and credit risk and loan default are expected to hamper the market growth. Furthermore, the integration of AI, blockchain, and data analytics creates numerous opportunities for alternative lending solutions to optimize risk assessment, improve operational efficiency, and enhance the borrower’s experience.

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2024–2033

Base Year

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2023

Market Size in 2023

$354.8 billion

Market Size in 2033

$1,076.3 billion

CAGR

11.6 %

 

Segments Covered

Offering, Deployment Mode, Enterprise Size, Application and Region.

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Drivers

 

  •  Increase in the demand for flexible financing options
  •  Surge in favorable regulatory changes
  •  Rise of peer-to-peer (p2p) lending and crowdfunding lending

 

Opportunities

The integration of AI, blockchain, and data analytics

Restraints

 

  •  Data privacy and security concerns
  •  Credit risk and loan default

The peer-to-peer lending accounted for the largest share in 2023.

By type, the peer-to-peer lending segment accounted for the largest share in 2023, contributing for more than two-fifths of the market revenue. This is due to increase in adoption of P2P lending, which offers an accessible alternative for borrowing and lending.

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The mid-term segment accounted for the largest share in 2023.

By tenure, the mid-term segment accounted for the largest share in 2023, contributing for more than two-fifths of the market revenue. This is due to mid-term loans often provide borrowers with larger funding amounts, making them a preferred choice for small and medium-sized enterprises (SMEs) and individual borrowers needing significant capital.

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The businesses segment accounted for the largest share in 2023.

By end user, the businesses segment accounted for the largest share in 2023, contributing for less than three-fourths of the market revenue. Small and medium-sized enterprises (SMEs) often face difficulties accessing traditional bank loans due to strict credit requirements. Alternative lending platforms provide a more accessible financing option.

North America region to maintain its dominance by 2033.

By region, the North America region held the highest market share in terms of revenue in 2023, contributing for more than one-third of the market revenue. With the strong adoption of alternative lending owing to the increase in adoption of blockchain and smart contracts, providing enhanced transparency, security, and faster transactions.

Leading Market Players: –

  • Funding Circle Limited
  • Prosper Funding LLC
  • Affirm, Inc.
  • Upstart
  • OnDeck
  • Bluevine Inc
  • Fundbox
  • Capify
  • MoneyLion Inc
  • Biz2Credit
  • Clearco
  • Kiva
  • Crowd2Fund
  • Loanpad
  • American Express Company
  • Tala
  • LendingClub
  • LenDenClub
  • Bond Street Servicing, LLC,
  • Planethome Investment AG.

The report provides a detailed analysis of these key players in the alternative lending market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Request Customization: https://www.alliedmarketresearch.com/request-for-customization/A47768 

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the alternative lending market analysis from 2023 to 2033 to identify the prevailing alternative lending market forecast opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the alternative lending market opportunity segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global alternative lending market trends, key players, market segments, application areas, and market growth strategies.

Alternative Lending Market Report Highlights

Aspects Details

By Type

  • Crowdfunding
  • Invoice Trading
  • Peer-to-Peer Lending

By Tenure

  • Short-term
  • Mid-term
  • Long-term

By End Users

  • Individual
  • Businesses

By Region

  • North America (U.S., Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Europe)
  • LAMEA (Latin America, Middle East, Africa)

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Key Market Players

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Upstart Network, Inc., Fundbox, Biz2Credit, LendingClub, Loanpad Limited, Bluevine Inc, Prosper Funding LLC, Clearco, LenDenClub, Tala, Affirm, Inc., OnDeck, MoneyLion Inc., PlanetHome Investment AG, Crowd2Fund Limited, Kiva, Bond Street Servicing, LLC, Capify, Funding Circle Limited, American Express Company

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About Us:

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:
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Wilmington, New Castle,
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Toll Free: +1-800-792-5285
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BPM expands global footprint with formal entry into the United Kingdom

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Company welcomes four industry leaders to spearhead growth in key international market

SAN FRANCISCO, March 24, 2025 /PRNewswire/ — BPM LLP, one of the United States’ 35 largest public accounting and advisory firms, is achieving a major milestone in its global journey with expansion to the United Kingdom (UK). This strategic move reinforces BPM’s commitment to providing market-leading knowledge and expertise to international businesses who require unparalleled support across the US and UK markets for continued growth and success.

With its new presence in the UK, BPM is creating a comprehensive and integrated offering that allows international companies to access a full suite of audit, tax and advisory services. By operating in both locations, BPM is now uniquely positioned to offer a seamless experience for cross-border businesses on both sides of the Atlantic, providing vital support as they navigate entering new markets and international expansion.

To lead this initiative, BPM is pleased to welcome four distinguished partners, each bringing deep industry knowledge:

“Expanding into the UK is a natural next step in BPM’s global growth strategy,” said Jim Wallace, CEO of BPM. “With its robust infrastructure, thriving talent pool, and dynamic tech and financial sectors, the UK remains a top destination for international businesses. With our expanded presence, we are well-positioned to help clients seize new growth opportunities with high-quality accounting and consulting services.”

BPM will become a leading UK inward investment specialist, providing accounting and tax guidance to both first time expansions and established businesses seeking local knowledge. With a focus on sectors such as enterprise software, fintech, and professional services, the firm will leverage its global insights and deep technical insight to become a long-term advisor to clients navigating this international space.

“This is a natural fit. With an aligned focus on people – clients, colleagues and communities, launching BPM’s organic expansion into the UK is such an exciting opportunity for us. We now have a dedicated team on the ground who embody the BPM values and we’re more capable than ever of supporting international businesses,” said the UK partner group. “Whether it’s payroll and HR, tax compliance, advisory or audit services, our global presence ensures that our clients receive coordinated, high-quality support as they expand globally.”

This expansion advances BPM’s continued global growth, building on the Firm’s momentum following its recent formal entry into Canada in June 2024. As BPM accelerates its international presence, it remains dedicated to attracting top talent, fostering innovation, and delivering forward-thinking solutions to its diverse client base. With a team of over 1,200 professionals across more than 35 U.S. states and key global markets including India, Canada, and now the UK, these strategic moves enhance BPM’s capabilities and knowledge-base and strengthen its ability to serve clients worldwide.

For more information about BPM in the UK, please visit https://www.bpm.com/uk/

About BPM LLP
BPM LLP is one of the 35 largest public accounting and advisory firms in the United States, with offices domestically and internationally. Recognized as one of IPA‘s 100 Fastest-Growing Firms, BPM works with clients in the consumer business, financial and professional services, life science, nonprofit, real estate, technology, and wine and agribusiness industries. As a Certified B Corp, BPM’s diverse perspectives, expansive industry knowledge and progressive solutions come together to create exceptional experiences for individuals and businesses around the world.

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Sonae reports record €10 billion in sales for 2024, reinforcing global market position

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PORTO, Portugal, March 24, 2025 /PRNewswire/ — Sonae (Euronext Lisbon: SON), the Portuguese-headquartered multinational group with leading market positions across key sectors, announced record financial results for the full year 2024. The group’s revenue increased by 18%, reaching €9.95 billion, driven by strengthened market leadership in retail, sustained organic growth, and strategic acquisitions.

EBITDA also grew substantially, surpassing €1 billion, while net profit attributable to shareholders rose by 18% to €223 million on a comparable basis. The group’s investments reached a historic €1.589 billion — more than double the previous year — supporting both strategic acquisitions and organic expansion.

2024 was a fantastic year for Sonae, and I am fully convinced that we have the foundations to achieve even greater success in the future” said Cláudia Azevedo, CEO of Sonae. “Expanding our portfolio and strengthening our core businesses led to reach two important milestones: group sales reached ca.€10bn, increasing by 18% year-over-year, and EBITDA surpassed €1bn. Investments were strategically managed to support value creation opportunities, including enhancing our digital capabilities, expanding our businesses, and executing key portfolio moves,” concluded Cláudia Azevedo.

Sonae continues to demonstrate solid progress in its commitment to sustainable growth and long-term value creation. In 2024, 86% of the group’s long-term financing lines were indexed to sustainable, green, or ESG performance criteria. Operational CO2 emissions were reduced by 19% compared to 2022, and recyclable plastic packaging for private label products reached 90%.

Community support also increased, with €34 million invested in initiatives focused on food donations and education. Diversity remains a priority, with women now occupying 41% of leadership positions. Additionally, Sonae has proposed a dividend of 5.921 euro cents per share, reflecting a 6.5% dividend yield and a payout ratio of 52% of consolidated net income attributable to the group.

The Sonae group comprises:

  • The leading food retail chain in Portugal, with more than 1,000 stores and 4.5 million active loyalty card members.
  • The Iberian Peninsula’s largest health, wellness, and beauty retail operator, with over 800 stores and annual revenues of €1.5 billion.
  • Portugal’s leading electronics retailer, expanding its European footprint through its growing technology repair services network.
  • An international real estate specialist, co-controlling Latin America’s largest shopping centre operator.
  • Portugal’s second-largest telecommunications provider, leading the country’s 5G deployment.
  • An active technology investor, with a high-tech portfolio valued at €323 million.

Listed on Euronext Lisbon, Sonae employs more than 57,000 people and has a six-decade legacy of responsible growth recognised by its inclusion in the S&P Global Sustainability Yearbook, its strong CDP ratings, and its listing in the Bloomberg Gender-Equality Index. Its mission remains to create long-term economic and social value, bringing the benefits of progress and innovation to an ever-increasing number of people.

Find out more at www.sonae.pt

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