• 9fin has bolstered its senior leadership team with an internal promotion for a newly created VP Content position
  
• The promotion demonstrates the strong bench of leadership talent at 9fin and will ensure the company’s content offering continues to be best in class
• The company continues to expand with open roles in its US and UK offices

NEW YORK, April 23, 2024 /PRNewswire/ — 9fin (https://9fin.com/), a news and analytics platform for debt capital markets, has announced the promotion of Will Caiger-Smith to VP Content, as the business continues to scale rapidly across Europe and the US.

Will was previously 9fin‘s US Managing Editor. In his new VP Content role, he joins Jen Speirs, who was promoted to VP Operations last year, in the company’s growing leadership team.

Both VP positions have global mandates and demonstrate 9fin‘s continued investment in people and its commitment to rapidly progressing talented leaders within the business.

As VP Content, Will directs all news and analytics across the editorial, credit, legal and ESG teams. The promotion comes as 9fin has expanded from its core leveraged finance coverage into private credit, distressed debt, and structured credit (CLOs) across Europe and the US. These new verticals further the company’s mission to be the #1 provider of data, news and analytics globally across debt capital markets.

Will continues to report directly to 9fin‘s CEO and co-founder Steven Hunter.

Will Caiger-Smith commented:

“I joined 9fin because I believed the company and its founders had the vision and technology to build the comprehensive debt intelligence platform the market needs,” said Will. “In my two and a half years at this company, that belief has only intensified. I’m delighted to be driving forward the content side of the business.”

Steven Hunter, CEO and co-founder of 9fin, said:

“I’ve been incredibly impressed by Will’s contributions to scaling 9fin in just a couple of years. He opened and scaled our US office from scratch and has built a world-class team. I am delighted to see him promoted into a new expanded role and join Jen as part of our VP level leadership. I am excited to work with them both to take 9fin to the next level”

About 9fin

9fin is the faster, smarter way to find intelligence on leveraged credit. Our AI-powered data and analytics platform centralises everything that’s needed to analyse a credit or win a mandate in one place, helping subscribers win business, outperform their peers, and save time. 9fin is trusted by the largest asset managers in the world, leading law firms and advisers  in debt capital markets, and nine of the top 10 investment banks.

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BEIJING, April 23, 2024 /PRNewswire/ — At 10:00 am on April 22, 2024, Milan time, Tan Xuguang, Chairman of the Board of Directors of Italy’s Ferretti Group, chaired the Ferretti Global Shareholders’ Meeting in Beijing and addressed shareholders’ inquiries. The primary location for the meeting was in Milan, with Tan Xuguang, the board of directors, board members, and shareholders worldwide participating virtually.

During the meeting, the 2023 Financial Report and Consolidated Financial Report as well as the Report on Remuneration Policy and Remuneration Payment were reviewed and approved. Additionally, two new members were appointed to the board of directors. According to its subsequent announcement, Ferretti’s operating income in 2023 reached 1.134 billion euros, marking a year-on-year increase of 10%. Net profit amounted to 83.5 million euros, reflecting a substantial year-on-year growth of 38%. The company’s orders in hand totaled 1.491 billion euros, showing a notable year-on-year increase of 15%. Notably, the growth rate of net profit outpaced that of revenue, reaching the highest level in the company’s history. Ferretti also achieved a significant milestone by successfully returning to the Milan Exchange for listing, thereby becoming the world’s first company to be dual-listed in Hong Kong and Italy.

The Ferretti Group is among the oldest and most esteemed Italian luxury yacht manufacturers, renowned as a leader in the global luxury yacht and leisure ship industry. The group boasts ownership of the world’s most prestigious yacht brands, each offering unique and complementary advantages within the industry. In 2008, amidst the global financial crisis, Ferretti faced significant challenges and fell into a development dilemma primarily due to poor management. In 2012, Weichai Group, a globally recognized equipment manufacturing group, strategically reorganized Ferretti, initiating a journey of strategic cooperation between the two parties. Weichai Group leveraged its strong synergistic resources to assist Ferretti in swiftly reversing its development decline and setting out on a path of rapid and healthy growth. Tan Xuguang, Chairman of the Board of Directors of Weichai Group and also Chairman of the Board of Directors of Ferretti, was honored with the “Leonardo International Award” by the Italian government. This prestigious accolade recognized his outstanding contributions to the strategic reorganization of Ferretti and the fostering of economic exchanges between China and Italy.

At the meeting, the participating shareholders expressed full affirmation of Ferretti’s rapid development and conveyed high expectations for the company to maintain its leading position in the global yacht industry and further expand its edge in the industry in the future. Tan Xuguang emphasized that Weichai Group will continue to steadfastly support the development of Ferretti, working together to elevate Ferretti into an unequivocal standout in the global yacht industry. The aim is to continuously generate greater value for investors and stakeholders alike.

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LONDON, April 23, 2024 /PRNewswire/ — To accelerate its growth in the United States and its presence in the fast-expanding online gaming market, Thunes, a global cross-border payments company, is proud to announce that it signed a definitive agreement to acquire Tilia LLC, an all-in-one payments platform. Tilia is licensed in 48 U.S. states and territories and offers payment solutions (acceptance and pay-outs) for online games, virtual worlds, creator economies, and in-app purchases.

Upon closing of the transaction, which is subject to regulatory approvals, Thunes’ bespoke global network to accept and pay in real-time through four billion bank accounts, three billion digital wallets and 550 Alternative Payment Methods (APMs) will become available to merchants across the United States, including current Tilia customers. Using Tilia’s technology, Thunes will be able to offer Visa, MasterCard, American Express, JCB and UnionPay acceptance to Thunes’ customers.

As part of the transaction, Thunes and Linden Research, Inc. (“Linden Lab”), the current majority owner of Tilia, have agreed to an exclusive five-year partnership in which, post closing, Thunes will provide payment processing and pay-outs to Linden Lab, leveraging Thunes’ global network – allowing gamers to pay, and to receive money real-time, in a more cost-efficient way and with increased transparency.

Floris de Kort, CEO of Thunes, says, “The acquisition of Tilia demonstrates our ambition in the United States. This investment will enable us to leverage Tilia’s capabilities to provide merchants with direct money movement solutions in and out of the United States. Furthermore, Tilia’s deep expertise in online gaming, virtual worlds and token-based payments will greatly accelerate our growth into that fast-growing, exciting industry.”

Brad Oberwager, CEO of Linden Lab, says, “Thunes is an exceptional company that directly connects nearly every payment method and market worldwide. The combination of Tilia and Thunes will give Linden Lab’s customers more payment choices, and the ability to receive pay-outs in real time, anywhere, into the wallet or bank account of their choice. It will be business as usual for our people and our customers as we bring Tilia and Thunes together.”

Subject to regulatory approval, after the acquisition closes, Tilia will be rebranded as Thunes and will remain based in San Francisco.

Contact:
Flo Holt, PR Account Manager, Headland, [email protected],
+44 (0)7311 369 938
Rebecca Hackworth, Director, Corporate Communications, Thunes, [email protected], +44 (0)7447 459 656

About Thunes:

Thunes is a global payment innovator enabling seamless, instant and transparent money movement for the 21st century. Through our expansive network, we empower our customers to Accept and Pay in real-time, closing the gap between payment systems worldwide.

Thunes currently facilitates payments in 84 currencies across 133 countries, using over 550 payment methods, including 129 mobile wallets like PayPal, M Pesa and Orange Money, gig economy giants like Uber and Deliveroo and super-apps like Grab and WeChat. Headquartered in Singapore, Thunes has offices in 14 locations, including Beijing, Nairobi, Riyadh, Dubai, San Francisco, Sao Paulo, London, Paris, Barcelona and Manila.

With a mission to connect the world’s population so that commerce can operate in a borderless, frictionless way, Thunes’ network is powering the next chapter of the digital economy. For more information, visit: https://www.thunes.com/

About Tilia:

Tilia LLC is the all-in-one payments platform for digital economies. Through its payments infrastructure technology and as a licensed money transmitter in the U.S., Tilia is unlocking the full potential of online economies by providing secure, regulated transactions at massive scale. For more information, visit www.tilia.io.

About Linden Lab:

Linden Lab develops platforms that empower people to create, share, and benefit from virtual experiences. Founded in 1999, the company first launched Second Life, the ground-breaking virtual world enjoyed by millions around the globe, in 2003, which has since gone on to boast nearly two billion user creations and a vibrant $500 million (USD) economy. For more about Linden Lab, its products, and career opportunities, visit its website.

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