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AlphaTrAI hires fintech innovator as its new president

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The firm continues to elevate its capabilities in AI-driven business solutions.

AlphaTrAI has announced a new president to help drive growth in its AI consulting and solutions business for the wealth and asset management industry.

Fintech innovator John Sweeney has over three decades of business, leadership, investment management, and digital assets experience, most recently as founder and managing partner of Momentum Capital Partners, providing consulting and advisory services to global financial services firms, FinTech start-ups and private equity firms.

Sweeney was previously chief operating officer at Osprey Funds, known for its digital asset products, including NFTs. Before that he was with fintech unicorn Figure Technologies as head of wealth and asset management.

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He started his career with more traditional investment products though, heading up various divisions of Fidelity Investments during a 19-year tenure, including a team that developed the firm’s first exchange-traded fund, separately managed accounts and unified managed accounts.

“John’s deep expertise in technology, broad competencies in the wealth management space and understanding of the challenges and opportunities of entrepreneurship and consulting make him the perfect addition to our team,” said AlphaTrAI CEO and chairman Bill Dwyer, who recently joined the firm after having been a key player in LPL Financial’s success. “As the wealth and asset management industry sees the expanding value that AI, blockchain and other technologies bring to the table, having a leader so well-versed in these areas is a true differentiator for us. John’s a guy who has done it all and, frankly, he had his pick of options. That he chose to come work with us speaks to the value proposition we’re offering, the team we’re building and the results we’re driving.”

The firm’s strategic vision is to drive automation and efficiency into wealth and asset management, an attractive proposition for Sweeney.

“I’ve enjoyed a dynamic professional career that has incorporated emerging technologies to drive better customer experiences, operational efficiencies and investment outcomes,” Sweeney said. “I’ve been watching Bill and his team at AlphaTrAI do extraordinary things at the intersection of AI and financial services. To find myself leading this team of brilliant scientists, innovative technicians and business visionaries is truly energizing. We’re breaking ground, pushing barriers and embarking on a new frontier in the financial services space.”

Source: investmentnews.com

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TISE reports sustained listings growth in first half

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ST PETER PORT, Guernsey, July 8, 2024 /PRNewswire/ — The International Stock Exchange (TISE) listed 444 securities during the first half of 2024, an 18.4% increase on the equivalent period last year.

The new listings contributed to the total number of securities on TISE’s Official List reaching 4,371 on 30 June 2024, which is an increase of 5.6% year-on-year and a record high in the history of the Exchange.

The total market value of all listed securities surpassed the £700 billion mark for the first time, reaching £708 billion at the end of June.

Cees Vermaas, CEO of TISE, said: “I am delighted to report strong listing volumes on our public market during the first half of 2024. Global macro-economic conditions had subdued listing activity across the European corporate bond markets during the last couple of years but, with inflation under control, interest rates coming down and an improved outlook for growth, business flows have now started to recover. We are very pleased that clients continue to recognise our strengths as a leading European venue for listing bonds offered to institutional and professional investors.”

During the first half of the year, there were 436 newly listed securities admitted to TISE’s leading European professional bond market, the Qualified Investor Bond Market (QIBM). TISE has maintained its market-leader position across both private equity debt and high yield bonds and with the securitisation market also rebounding in 2024, TISE continues to grow its reputation as a listing venue for this debt product.

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There were eight newly listed securities across TISE’s equity market during the first six months of the year as it sustained its position as the second largest venue for listed UK REITs, just behind the London Stock Exchange (LSE).

Mr Vermaas added: “This is a very positive opening six months of the year. We saw strong growth in new listings during the first quarter and this has continued through the second quarter as the soft-landing narrative has been sustained, primarily owing to the resilient growth in the US economy. M&A activity is returning, the wave of refinancing continues and now a lower interest rate environment is bringing more new high yield corporates to the market. A continuation of this upward momentum in the economic picture gives us reason to be optimistic for the second half of the year.”

 

View original content:https://www.prnewswire.co.uk/news-releases/tise-reports-sustained-listings-growth-in-first-half-302190817.html

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Travis Leonard joins Lockton’s Global Leadership Team as Chief Financial Officer

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KANSAS CITY, Mo., July 8, 2024 /PRNewswire/ — Lockton is pleased to announce that Travis Leonard has joined the firm as Chief Financial Officer (CFO), succeeding Troy Cook who has occupied the role since 2020. Cook will transition to the role of Corporate Development as an advisor to Ron Lockton, Chairman and CEO.

Leonard is a highly regarded and deeply qualified finance executive with experience working in global markets. He will begin serving as Lockton’s CFO on July 8, 2024, and will work closely with Cook to execute a transition of duties and an in-depth onboarding process.

“We are excited Travis is joining Lockton’s global leadership team,” said Ron Lockton, Chairman and CEO. “He brings a wealth of financial experience, a global perspective and great energy to support the future growth of Lockton.”

Leonard has worked across various industry segments and global markets, excelling in financial leadership roles and leading significant transformation projects. Most recently, Leonard was the CFO of Hostess Brands, until the sale to J.M. Smucker Co. in November 2023. Prior to that, Travis was the CFO of the medical segment at Cardinal Health and held financial leadership roles at Kraft Foods, including time in Brazil, and Cargill after beginning his career at Arthur Andersen as a finance and economic consultant.

Travis was raised in the Kansas City metropolitan area and went on to attend the University of Illinois-Urbana-Champaign where he earned his BS in Finance followed by earning his MBA at Northwestern University – Kellogg School of Management.

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Cook will remain on the Lockton, Inc. board of directors and will move into the role of EVP of Corporate Development, reporting to Ron Lockton, Chairman and CEO. In this role, Troy will actively assist in the transition of duties and onboarding of Travis while partnering with leadership on global development opportunities and playing an advisory role to the CEO.

“I am grateful for Troy’s commitment and leadership as CFO during a very important growth period for the company,” said Lockton. “When Troy transitioned from the role of independent board member to CFO in 2020, it was planned to be a 5-year term. He has helped position Lockton for strong, sustained growth and will continue to have a positive impact on Lockton through this planned transition and leadership in corporate development.”

Lockton, Inc. is excited to welcome Travis Leonard to the team and looks forward to the contributions he will make to the company’s future growth and success.

About Lockton

What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 11,700+ Associates doing business in over 140 countries to focus solely on clients’ risk, insurance and people needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. For more information, visit www.lockton.com 

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Photo – https://mma.prnewswire.com/media/2453778/Travis_Leonard.jpg
Logo – https://mma.prnewswire.com/media/2342384/Lockton_70_mm_Black_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/travis-leonard-joins-locktons-global-leadership-team-as-chief-financial-officer-302189075.html

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Bitget Introduces the First BGB Perpetual Futures with up to 50x Leverage

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VICTORIA, Seychelles, July 8, 2024 /PRNewswire/ — Bitget, the leading global cryptocurrency exchange and web3 company, is excited to announce that its native token, Bitget Token (BGB), is now exclusively available for futures trading on the platform. As the first BGB perpetual futures, BGBUSDT-M will be live on July 8, 2024, with a maximum leverage of 50x.

BGB is the ecoystem token of Bitget, designed to create a simple, secure crypto ecosystem accessible to all. Launched in July 2021 with a total supply of 2 billion, BGB now has 1.4 billion tokens in circulation. Bitget Token (BGB) offers exclusive perks to all holders, aiming to share the fruits of Bitget’s growth with all users. These benefits include spot trading fee discounts, free withdrawal, access to token sales or airdrops on Launchpad and Launchpool, and other platform-specific benefits, incentivizing users to hold and use BGB, thereby creating a strong utility-driven ecosystem.

In addition to futures trading, BGB can be traded on Bitget’s spot and margin markets, used for copy trading, and utilized with trading bots, enhancing the versatility and utility of the token within the Bitget ecosystem. The token has also been listed on other major centralized exchanges like Bitfinex and MEXC. BGB has demonstrated impressive market performance, a new all-time high of $1.4306 in early June 2024, up 141.4% in the past year.

Gracy Chen, CEO of Bitget, commented: “We are thrilled to expand the trading options for BGB, offering our users more ways to benefit from Bitget’s native token. The addition of BGB to the futures market, along with existing trading services and utilities, proves our commitment to providing a comprehensive, rewarding and smart trading experience. Looking forward to new heights of the token and the company!”

On 1st July, Bitget announced the upgrade of its native token BGB’s smart contract address. This enhancement aims to increase the utility and potential of BGB, paving the way for its use in various dApps and facilitating future listings on more centralized and decentralized exchanges. To celebrate the launch of the first BGB perpetual futures, Bitget will host a series of competitions to give away 20,000 BGB to its users.

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For more details on BGB futures trading and surrounding promotional events, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Photo – https://mma.prnewswire.com/media/2455517/Bitget_Introduces_First_BGB_Perpetual_Futures_50x_Leverage.jpg

 

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Cision View original content:https://www.prnewswire.co.uk/news-releases/bitget-introduces-the-first-bgb-perpetual-futures-with-up-to-50x-leverage-302190615.html

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