Fintech PR
Shandong Heavy Industry – Weichai Power Hosts Third Global Partner Conference and Southeast Asia (Jakarta) New Product Exhibition
Collaborating to Maximize Value for Customers
JAKARTA, Indonesia, Jan. 24, 2024 /PRNewswire/ — On January 23rd, Shandong Heavy Industry – Weichai Power hosted its 3rd Global Partner Conference and the Southeast Asia New Product Exhibition in Jakarta, Indonesia. The event expects the participation from over 1,000 distributors and key clients across Southeast Asia, East Asia, Australia, New Zealand and beyond.
Indonesia, Southeast Asia’s largest economy, has been a key market for Shandong Heavy Industry for more than three decades. The country will be the third stop for Shandong Heavy Industry – Weichai Power’s Global Partner Conference, following similar events recently held in Central Asia and the Middle East. The conference aims to explore new avenues for international collaboration, set up a new regional framework for mutual benefits, and identify opportunities for further development. Tan Xuguang, chairman and general manager of Shandong Heavy Industry Group and chairman of Weichai Power, plans to be present to honor 14 strategic partners with awards and deliver the keynote speech “Collaborating to Create Higher Value for Customers”. The speech outlined his commitments to customers: maximizing product lifecycle value to boost profitability, ensuring highest product uptime, and delivering unmatched, prompt customer service, while also enhancing products with the latest advancements in technology, safety features, comfort, and environmental sustainability.
Shandong Heavy Industry Group, headquartered in Jinan, China, is a key player in the global industrial equipment sector, boasting an annual revenue USD 72 billion. The group owns several well-known brands including Weichai Power, China National Heavy Duty Truck, SHACMAN, Weichai Lovol Intelligent Agricultural Technology, Shantui Construction Machinery and Zhongtong Bus. Additionally, it holds significant stakes in several prominent international entities including Italy’s Ferretti, Germany’s KION Group and Linde Hydraulics, the US’s Dematic and PSI, and France’s Moteurs Baudouin. Operating across six key segments—power systems, commercial vehicles, agricultural equipment, construction machinery, smart logistics, and marine transportation equipment—Shandong Heavy Industry has established technology innovation centers in more than 10 countries worldwide, providing product and service solutions to over 150 countries and regions. Its heavy engines, heavy-duty transmissions, heavy trucks, industrial forklifts, and luxury yachts lead globally in technology and sales.
In recent years, Shandong Heavy Industry has increased its investment in the Southeast Asian market, creating value for the region’s customers while delivering mutually beneficial growth. The company has achieved a notable milestone, with engine sales surpassing 100,000 units and heavy truck exports exceeding 110,000 units in nearly five years, placing it at the forefront among Chinese brands. During the conference, Shandong Heavy Industry formally signed new agreements with Indonesia’s MNC Group and Meratus through its China National Heavy Duty Truck division, in a move designed to strengthen its financial leasing and manufacturing footprint in Southeast Asia.
The New Product Exhibition was held concurrently to the Global Partner Conference, with more than ten subsidiaries showcasing their flagship products and latest technologies, demonstrating world-class product competitiveness. The showcase will highlight the company’s cutting-edge heavy trucks, electric buses, agricultural equipment, and powertrains, offering customized solutions that cater to the diverse and specific needs of its global clientele.
Jakarta holds special importance to Mr. Tan as it is where he began his career in international trade some 33 years ago. He reflected on this significant life event in his speech. The speech underscored the Shandong Heavy Industry’s commitment to forging strong partnerships, engaging with local markets, exploring new opportunities, and amplifying its line-up of brands on the international stage, articulating a vision of cooperation that promotes shared growth and benefits across the global ecosystem.
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View original content:https://www.prnewswire.co.uk/news-releases/shandong-heavy-industry—weichai-power-hosts-third-global-partner-conference-and-southeast-asia-jakarta-new-product-exhibition-302042924.html
PALO ALTO, Calif., Jan. 15, 2025 /PRNewswire/ — BitGo, the leading digital asset infrastructure solutions provider since 2013, is pleased to announce that Brett Reeves has been appointed Head of European Sales, a role he takes on in addition to his existing position as Head of Go Network. His new title is Head of Go Network and European Sales.
Brett joined in May 2024 and has since then overseen the expansion of BitGo’s presence in Europe, which includes onboarding new clients and partners and expanding the volume and scope of business across multiple jurisdictions within the European Union and UK.
Brett Reeves, Head of Go Network and European Sales, said:
“Since joining BitGo last year, it has been an intense and rewarding journey. Alongside growing the business our focus has been on obtaining the necessary licenses to achieve MiCA compliance, ensuring we are fully prepared for a comprehensive rollout of our Custody, Wallets, Staking, Trading and Financing services across Europe. With a growing team and increasing demand for secure, well-regulated digital asset solutions, we are highly optimistic about the opportunities 2025 holds for us.”
Brett has twenty years’ experience in the financial services industry having worked at Citibank, Nomura and Standard Chartered Bank. His background includes working within Prime Brokerage and OTC teams within the FX and interest rates markets. Most recently Brett was the Head of Business Development at the Bequant, a regulated digital asset Prime Broker.
About BitGo
BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing, and settlement out of regulated cold storage. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. BitGo is dedicated to advancing a digital financial services economy that is borderless and accessible 24/7. With multiple Trust companies around the world, BitGo is the preferred security and operational backbone for more than 1,500 institutional clients in 50 countries, including many of the world’s top brands, cryptocurrency exchanges, and platforms. BitGo also secures approximately 20% of all on-chain Bitcoin transactions by value and is the largest independent digital asset custodian.
W: https://www.bitgo.uk/
L: https://www.linkedin.com/company/bitgo/
X: https://x.com/BitGo
View original content:https://www.prnewswire.co.uk/news-releases/bitgo-appoints-brett-reeves-as-head-of-european-sales-complementing-his-go-network-role-302350962.html
SINGAPORE, Jan. 15, 2025 /PRNewswire/ — Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced that Wanshi Lin has been appointed as the Head of Singapore, effective immediately.
In this newly created position, Lin will oversee the company’s underwriting team in Singapore and spearhead business planning and market engagement on the company’s Lloyd’s Singapore platform. The establishment of a new leadership role in Singapore is demonstrative of Markel’s ongoing commitment to expanding its Asia Pacific operations and underwriting capabilities.
Lin will report to Christian Stobbs, Managing Director – Asia Pacific, in her new capacity.
Stobbs commented: “I’m thrilled about the energy and innovative ideas Wanshi will bring to this pivotal role. Singapore is our largest marketplace in the region for specialty products, and I’m confident that, under her leadership, we’ll further enhance our relationships with brokers and clients while building on the strong momentum achieved in recent years.”
Kevin Leung, Chief Underwriting Officer – Asia Pacific, adds: “It’s a delight to see Wanshi progress to take on this role. Her extensive experience, strategic insight and understanding of the Singapore market will be instrumental in strengthening our commitment to providing underwriting excellence to this important regional hub.”
Lin joined Markel in 2018 as an Assistant Underwriter – Marine, and since 2023 has been Senior Underwriter – Marine. Prior to Markel, Lin was Assistant Vice President at Marsh Singapore.
About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
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View original content:https://www.prnewswire.co.uk/news-releases/markel-elevates-wanshi-lin-to-newly-created-head-of-singapore-position-302350760.html
Fintech PR
FinVolution’s SVP Ming Gu speaks at Asian Financial Forum, highlighting opportunities in CreditTech for Southeast Asia’s underserved
HONG KONG, Jan. 15, 2025 /PRNewswire/ — FinVolution Group (NYSE: FINV), a leading fintech service provider in the pan-Asian region, reaffirmed its commitment yesterday to advancing financial inclusion through cutting-edge credit technology and strategic partnerships at the Asian Financial Forum 2025 in Hong Kong.
Dr. Ming Gu, Senior Vice President of FinVolution Group, shared his insights on how fintech innovation is transforming access to credit for underserved populations in Southeast Asia.
“Fintech is creating new pathways for underserved populations to access credit and financial support, empowering them to invest in their futures,” he said at a thematic workshop on the future of fintech in Southeast Asia.
Driving financial inclusion through innovation
Gu emphasized FinVolution’s mission to bridge the gap between financial institutions and underserved communities by leveraging advanced credit technology.
The company has built its business around serving young workers and small business owners from grassroots backgrounds, whose financial needs are often overlooked by traditional banks and other financial institutions.
Through user-friendly digital lending platforms and collaborations with local partners, FinVolution has supported over 6 million borrowers and facilitated loans exceeding US$3 billion in its markets outside China as of Q3 2024.
FinVolution’s AI-powered tools enable financial institutions to better assess creditworthiness, particularly for those without traditional credit histories, Gu explained.
Opportunities and challenges in Southeast Asia’s market
Gu highlighted Southeast Asia’s potential as a key growth market for fintech, driven by its young population, e-commerce growth, and credit-driven consumption habits.
“Very few regions in this world can meet all these criteria,” he said, highlighting the underpinnings of Southeast Asia’s ascent as a fintech powerhouse. “Digital lending always goes hand in hand with the growth of e-commerce.”
“The number one factor driving financial inclusion and literacy is GDP per capita,” Gu said. “Fintech and other technologies serve as a tool to facilitate this process, but it is GDP per capita that remains the cornerstone of development.”
For instance, Indonesia’s ambitious Golden Indonesia 2045 Vision aims to accelerate the nation’s economic growth by at least 5% annually over the next two decades.
This initiative reflects the nation’s commitment to fostering financial inclusion and leveraging technology as a catalyst for sustainable progress.
“Indonesia is the place to watch over the next five to 10 years,” Gu added. “We are very bullish on Southeast Asia.”
Symbiotic relationship with regulators and financial partners
Despite these opportunities, challenges such as the lack of credit histories and increasing fraud risks persist, threatening the future of fintech in this region.
FinVolution combats these issues with advanced proprietary risk management systems and fraud prevention technologies.
Gu stressed the collaboration with regulators and financial institutions in creating a robust and inclusive financial ecosystem.
FinVolution itself adheres to stringent regulatory standards, securing necessary licenses and aligning with local laws. This endeavor coincides with steady improvements to Southeast Asia’s regulatory stringency in recent years, which are credited for creating an environment conducive to fintech innovation.
“I believe a symbiotic relationship between regulators and fintechs like us is crucial to Southeast Asia’s rise as a key global fintech hub,” Gu noted.
With over 100 financial institution partners, including digital banks and consumer finance companies, FinVolution provides end-to-end credit tech solutions that streamline processes and expand outreach.
FinVolution Group remains dedicated to driving financial inclusion and innovation in Southeast Asia. With a focus on technology and collaboration, the company aims to empower individuals and communities while fostering a thriving fintech ecosystem in the region.
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View original content:https://www.prnewswire.co.uk/news-releases/finvolutions-svp-ming-gu-speaks-at-asian-financial-forum-highlighting-opportunities-in-credittech-for-southeast-asias-underserved-302351545.html
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