NEW YORK and LONDON, Dec. 4, 2023 /PRNewswire/ — The Global Board of PricewaterhouseCoopers International Limited (PwCIL) today announced that Mohamed Kande has been selected as the next Chair of the PwC Network. His four-year term, which has been ratified by PwC’s worldwide network of member firms, will commence on 1 July 2024.
Mr. Kande, who has worked at PwC since 2011, is a member of PwC’s Global Leadership Team and has served as Global Advisory Leader since 2019. In addition, he serves as the co-leader of US Consulting Solutions. Mohamed has previously held various multi-territory leadership roles and been responsible for helping our global stakeholders and clients solve their most complex problems.
Mohamed has over 32 years of professional services experience and brings a wealth of multi-industry and multi-disciplinary experience. He is a licensed CPA, holds an MBA from the University of Chicago and earned an MS in electrical engineering from the University of Montreal and a diplôme d’ingénieur in electrical engineering from Ecole Supérieure d’Ingénieurs en Génie Electrique in France.
Lisa Sawicki, PwC Network Governance Board Chair, said:
“Mohamed is a purpose-led leader with broad multidisciplinary experience and will bring tremendous insights and perspective to the role of Global Chair. He is committed to implementing our global strategy, our multidisciplinary operating model and collaborating closely with our partners and people to help our clients and stakeholders build trust and drive sustained outcomes. Mohamed’s global experience, commitment to diversity and inclusion and understanding of cutting-edge technologies make him the ideal Chair to guide PwC into the future.”
Mohamed Kande, PwC Global Chair-elect, said:
“It is a great honour to be selected as the next Global Chair of the PwC Network as we enter our 175th year in business. I look forward to working with my colleagues around the world as we continue to help our clients and stakeholders build trust, deliver quality and drive sustained outcomes. That said, the world is changing quickly and the needs of our clients, our people and the communities we live in are also changing. I am extremely confident that PwC has the right strategy, the right multidisciplinary operating model and the right values in place to help our clients through these challenges and opportunities. I look forward to building on those in the next four years.”
Mr Kande will succeed Bob Moritz, who has served as Global Chair since 2016. Bob will retire at the end of his term on 30 June 2024, concluding a four decade career at PwC.
Lisa Sawicki, PwC Network Governance Board Chair, added:
“I want to thank Bob for all he has achieved, and will continue to achieve, in his role as Global Chair. In addition to driving PwC’s strategy, Bob has been committed to our people and exemplifies PwC values every day. As Chair, he has been a champion for diversity & inclusion, stakeholder capitalism and is a leading voice of the business community around major societal issues such as climate and skills development.”
Bob Moritz, PwC Global Chair, said:
“It has been an honor and a privilege to serve this great Network as Global Chair. Having worked alongside Mohamed for over a decade, I have the utmost confidence he will continue to live our values and purpose while successfully driving the Network forward.”
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 151 countries with over 360,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
Mohamed Kande currently serves as Vice Chair PwC US – US Consulting Solutions Co-Leader and Global Advisory Leader. He also serves as the CEO of the US and Japan Consulting businesses. In these roles, he is responsible for helping clients identify value and design and deliver large-scale business-led change, from strategy to outcomes, specifically in the areas of Deals, Transformation, Cybersecurity, Privacy and Risk, Cloud and Digital and Tax Consulting.
As part of his role at the Global Advisory Leader, Mohamed played a key leadership role in driving the Network’s Alliance strategy as well as served as the executive sponsor of the Network’s investments in key capabilities such as Gen AI, managed services, and business model reinvention.
Prior to this role, Mohamed served as PwC’s US and Global Advisory Leader for the technology, media, telecoms (“TMT”) and hospitality industry sectors. His technical knowledge spans the areas of operational strategy, technology development, mergers and acquisitions and operations management.
Before joining PwC in August 2011, Mohamed was the managing partner of PRTM Management Consultants’ Europe, Middle East and South Asia business. Prior to that leadership role, he was the managing partner of PRTM’s Global Public Sector business. Mohamed also continued to be one of the senior partners in PRTM’s telecommunications and technology practice.
Prior to joining PRTM, Mohamed worked for Motorola in Chicago and for DTI Telecom in Canada, deploying and launching telecommunications networks in the USA, Europe, the Middle East, Asia and Africa.
Mohamed holds an MBA from the University of Chicago, an MS in electrical engineering from the University of Montreal and a diplôme d’ingénieur inn electrical engineering from Ecole Supérieure d’Ingénieurs en Génie Electrique in France. Mohamed became a licensed CPA in Washington, D.C., in 2022. He is on the Board of Directors of CARE, the global humanitarian organization providing disaster relief to areas in crisis, and providing long-term solutions to poverty around the world.
Newmark Group Reports Fourth Quarter and Full Year 2023 Financial Results
Conference Call to Discuss Results Scheduled for 10:00 a.m. ET Today
NEW YORK, Feb. 22, 2024 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate service provider to large institutional investors, global corporations, and other owners and occupiers, today reported its financial results for the three months and year ended December 31, 2023.
A complete and full-text financial results press release, including information about today’s financial results conference call and Newmark’s dividend declaration, is accessible in the “Media” section at https://nmrk.com. It is also available directly at any of the following web pages:
https://ir.nmrk.com (PDF version of the full press release, PDF of a quarterly results investor presentation, and supplemental Excel financial tables)
https://ir.nmrk.com/investors/news-releases/financial-and-corporate-releases (Links to the PDF version of the full press release, PDF of a quarterly results investor presentation, and to Excel financial tables)
https://nmrk.com/media (PDF version of the full release only)
(Note: If clicking on the above links does not open a new web page, you may need to cut and paste the above URLs into your browser’s address bar.)
Today’s conference call is expected to contain forward-looking statements with respect to the Company’s financial outlook.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT NEWMARK
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Singularity Closes $2.2M in Latest Funding Round to Provide Institutions Confidential Access to DeFi
DENVER, Feb. 22, 2024 /PRNewswire/ — Singularity, founded in late 2022, has successfully concluded its second funding round at the end of 2023, with this round led by Gumi Cryptos Capital. The funding will support the development of its protocol, aimed at facilitating compliant access to DeFi as well as ensuring commercial confidentiality for all on-chain activities, with an emphasis on institutional users.
Notable participation from investors such as Nomura’s digital asset subsidiary Laser Digital, Eureka Partners, and previous round investors including Apollo Crypto, Digital Asset Capital Management, and Gandel Invest, underscores top tier institutional and Venture Capital firms’ confidence in Singularity’s vision. With this latest round, Singularity has raised close to US$4 million since its inception.
Singularity is leading the way in developing a KYC/KYB-compliant institutional DeFi access layer, providing access to leading protocols for on-chain institutional participants while prioritizing commercial confidentiality. Users can seamlessly access existing on-chain liquidity and conduct transactions within Singularity, all while benefiting from on-chain anonymity by utilizing advanced zero-knowledge technology.
The initial cohort of institutional users comprises a significant portion of Singularity’s investors, spanning liquid funds, asset managers, and venture capitalists. Singularity stands as one of the first DeFi infrastructure protocols leveraging Noir-based zero-knowledge circuits. Noir is a domain-specific language for SNARK proving systems developed by Aztec Labs. It serves as a universal language for zero-knowledge (ZK) circuits. Users can have confidence in the commercial confidentiality of their on-chain activity protected by state-of-the-art cryptography.
“We look forward to launching in the coming months with our early institutional users. We focused on designing and building in 2023, and, in what was a very difficult year for primary markets, our investors’ commitments validate the institutional need to transact on-chain without information leakages” said Jemma Xu, co-founder of Singularity, “We have an exciting product roadmap ahead with more integrations and multichain deployments. Our immediate focus is on growing our institutional user base.”
“We are proud to support Singularity in their efforts to advance DeFi accessibility. Singularity addresses a crucial need in the market, providing institutional users with both the compliance and the commercial confidentiality necessary to participate in DeFi. We look forward to partnering with Singularity in this journey,” said Miko Matsumura, Managing Partner at Gumi Cryptos Capital.
“We are excited to support Singularity on its journey to bring private and compliant DeFi accessibility to institutions.” said Jez Mohideen, CEO of Laser Digital.
Users can both leverage the underlying existing on-chain liquidity and transact within the Singularity, obfuscating both wallet addresses and order details. At launch, Singularity will be integrated with some of the major DeFi protocols and will continue to grow its integrations to provide users with a diversity of on-chain strategies.
Singularity, a protocol developed by PG Foundation, is a compliant institutional DeFi access layer that provides access to popular protocols for institutional on-chain participants with commercial confidentiality. Users will have their wallet addresses obfuscated whilst leveraging existing DeFi liquidity. Singularity uses the state-of-the-art UltraPLONK proof system with zero-knowledge circuits based on Noir.
Kakao Brain Debuts ‘KARA-CXR’, a Web-Based Radiology Report Service Powered by Large-Scale AI
“AI Assistant for Radiologists”
- Kakao Brain introduced last month a web-based radiology report Research Use Only (RUO) service powered by its large-scale artificial intelligence (AI), “KARA-CXR.”
- Kakao Brain plans to expand the interactive functions supporting various imaging medical examinations through the advancement of large-scale multi-modal generation AI technology.
SEOUL, South Korea, Feb. 22, 2024 /PRNewswire/ — Kakao Brain has unveiled the research use only (RUO) web-based solution powered by “KARA-CXR” (short for “Kakao Brain AI for Radiology Assistant-CXR”), a large-scale AI algorithm that instantly generates preliminary radiology reports for doctor’s review when chest X-ray images are uploaded onto the web.
Through this user-friendly and seamless solution, medical researchers can experience various functions such as: receiving two types of AI interpretations of chest X-ray images together (a simple report and a detailed full report); ability to upload multiple DICOM files at once and receiving multiple reports simultaneously; and being able to share the AI interpretations within the research group or medical community. It also features compliant security measures that anonymize and protect any personal information contained in DICOM files.
Kakao Brain started developing ‘KARA-CXR’ in 2022, collaborating with 11 leading university hospitals and large medical institutions. Partners include: Ewha Womans University Medical Center (Seoul, Mok-dong), Ajou University Hospital, Soonchunhyang Medical Center (Cheonan, Gumi, Seoul), Chungnam National University Hospital, Chungbuk National University Hospital, Keimyung University Dongsan Medical Center, Inha University Hospital, Dongguk University Ilsan Hospital, among others. ‘KARA-CXR’ has analyzed over 16 million chest X-ray images and readings. KARA-CXR is built on Kakao Brain’s healthcare-specialized large-scale generative AI model, and the research team is preparing to publish the results in influential academic journals.
Kakao Brain is preparing to obtain the European Union certification and seek approval from the US FDA and Korean Ministry of Food and Drug Safety. Kakao Brain is committed to the expansion of AI-powered radiology solution to address the inefficiency in the existing interpretation and reporting process, a shortage of radiologists, and to unburden healthcare professionals from the increasing workload. As an RUO tool, KARA-CXR is currently available for research use only and is not intended to diagnose, treat, cure, or prevent any disease.
Kim Il-doo, CEO of Kakao Brain, stated, “As KARA-CXR was developed using high-quality data and the latest technology involving large-scale learning and generative AI, I hope that it will eventually play a great role in enhancing the workflow for the radiologists, not to mention improving the efficiency of chest x-ray image interpretation.” He also added, “We are planning to go beyond generating AI interpretations of chest X-rays by expanding the algorithms to include interactive functions that support a variety of medical imaging tests, by utilizing the advanced large-scale multi-modal generative AI technology.”
Kakao Brain is a Korea-based global AI technology company. Founded in 2017, Kakao Brain aims to develop AI technology that will change people’s lifestyle and embraces the challenge of asking the ‘Unthinkable Question’ to spark innovation, allowing everyone to live better lives. Kakao Brain has developed numerous innovative AI technologies and services designed to enhance people’s quality of life through continuous technological innovation. These include the large-scale language model KoGPT and the image generation model Karlo. Additionally, Kakao Brain contributes to the development of the AI technology community by releasing ‘Coyo,’ a dataset consisting of approximately 740 million images and text. More information about Kakao Brain can be found on their official website: https://KakaoBrain.com/.
- Newmark Group Reports Fourth Quarter and Full Year 2023 Financial Results
- Singularity Closes $2.2M in Latest Funding Round to Provide Institutions Confidential Access to DeFi
- Kakao Brain Debuts ‘KARA-CXR’, a Web-Based Radiology Report Service Powered by Large-Scale AI
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