LONDON and DUBAI, UAE, May 7, 2024 /PRNewswire/ — To drive new growth across its existing and future fund products, Amwal Capital Partners, an independent alternative investment firm based in Dubai, announces it has enhanced its portfolio and trade order management operations with the implementation of investment management technology from global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR).

Amwal Capital is now live on Broadridge’s investment management platform, which is providing the firm portfolio, order, and risk management as well as visual analytics, and performance attribution.

“As we expand our product offerings and set our sights on new asset classes, Broadridge’s solutions have provided our business with the agility and scalability we need to make our growth plans possible,” said Samer Sarraf, Senior Executive Officer and Director at Amwal Capital Partners. “The Broadridge platform has helped us to successfully streamline our operations and allow us to continue delivering on each of our clients’ individual requirements. The implementation was quick and the support from the team post-implementation has been exceptional.”

“We are delighted to provide Amwal Capital Partners with the technology they need to drive new efficiencies and automate their key processes, allowing them to make better-informed investment decisions and effectively manage their overall risk,” said Mike Sleightholme, President of Broadridge International and Head of Asset Management Solutions. “Broadridge is committed to providing world-class operational infrastructure for investment management firms to help them optimize and scale their investment operations so they can focus on improving returns, servicing clients and attracting new capital.”

Broadridge’s investment management platform includes multi-asset trading, advanced automation capabilities and robust workflow functionality. It automates critical processes across the front, middle and back offices and is catered to an investment firm’s wide range of trading needs. The Visual Analytics module is a comprehensive reporting portal and mobile dashboard, offering customizable reporting features and instant insights into trading, portfolios, and operations data. By reducing the time spent on data gathering and manipulation, the platform enables a clearer understanding of portfolio management performance, risk, and historical portfolio construction decisions, and facilitates improved decision-making processes.

The implementation of Broadridge’s cloud-based performance and attribution module will enhance the investment firm’s analytics capabilities by providing tailored daily performance analytics and calculations. This will elevate performance reporting, increase efficiency, and reduce risk.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.

For more information about us, please visit https://www.broadridge.com.

About Amwal Capital Partners

Amwal Capital Partners is an Independent Asset Management Firm set up in 2014, investing in the Middle East and North Africa (MENA) region. The team has experience in investing in MENA and have worked together for almost twenty years. During that time, the team has built a very consistent track record having successfully invested across various asset classes in the region.

The Firm has two wholly owned subsidiaries: Amwal Capital Almaliyah, which was set up in 2023 and is based in Riyadh, Saudi Arabia and is regulated by the CMA*; and, Amwal Capital Partners Limited, set up in 2016 and is based in Dubai, UAE and is regulated by the DFSA.

Learn more at https://www.amwalcp.com/

* Provisional license as of this date

Media contact:

Amelia Erswell
[email protected] 
+44 (0) 7582497230

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COPENHAGEN, Denmark, May 7, 2024 /PRNewswire/ — Joining United Fintech’s circle of institutional investors, Danske Bank takes a seat at the board of a leading industry-neutral Digital Transformation Platform alongside BNP Paribas and Citi to support the bank’s Forward ’28 strategy from a digital frontier. A move signalling that shared collaboration is the way ahead for financial services as global banking enters a new era of collective innovation.

Danske Bank A/S has become the third institutional investor in United Fintech Group Limited securing the Nordic bank a rotating board seat in the rapidly growing industry-neutral Digital Transformation Platform:

“Danske Bank is very excited to join United Fintech and sees great opportunities as per both collaboration within the existing ecosystem of fintech companies, but also in being closer to the future fintech investment processes and decisions. The partnership allows Danske Bank to expand its exposure to innovative solutions, ultimately benefiting our customer value proposition,” says Claus Harder, Head of Transaction Banking & LC&I Business Development with Danske Bank.

Digitally supporting the strategy

The investment will enable swift access to exploration of cutting-edge fintechs through United Fintech’s platform. Building on collective efforts along +200 other financial institutions, this will also allow Danske Bank to benefit from new strategic partnerships and scalable ways of diversifying its digital ambitions – and thus support the bank’s Forward ’28 strategy across areas such as corporate banking, capital markets, wealth management and API integrations:

“With a company backbone highly aligned with our Forward ’28 strategy, United Fintech is an investment that provides a digital edge and competitive advantage to support our strategy in terms of both relevance and time-to-market when it comes to future solutions. Furthermore, the investment in United Fintech will generate possibilities to engage directly with fintechs that are subscale; to support their growth while simultaneously helping fuel our own digital transformation and growth strategy,” elaborates Claus Harder.

United Fintech: Broad industry shift underway

The announcement of Danske Bank’s investment comes just months after it was published on February 27 that BNP Paribas and Citi entered as institutional investors in United Fintech.

According to United Fintech’s founder and CEO, Danske Bank’s investment is not only a testimony to the Nordic bank’s commitment to shared collaboration on an industry-neutral platform, but the financial industry as a whole, as the Unithed Fintech confirms it is also in advanced talks with further strategic investors to join its transformative journey, signalling a broad industry shift towards collaborative fintech innovation as global banking enters a new era:

“We are delighted that Danske Bank has decided to invest and join United Fintech’s industry-neutral Digital Transformation Platform. Their innovative and forward-looking approach to digital transformation is a cornerstone in our mission to build a transformative platform. This commitment is instrumental in addressing the industry’s most pressing challenges through collaboration, rather than isolated efforts. By uniting the strengths of Danske Bank and our other banking partners, we are setting the stage for a new era in banking where we move beyond traditional silos to propel the industry into the digital age,” ends Christian Frahm, CEO and founder of United Fintech.

About Danske Bank • For more than 150 years, Danske Bank has helped enable growth and development in society. The bank has developed in tandem with the societies it exits in providing advisory services, expertise and financial solutions that have helped individuals, families, businesses, and organisations to realise their ambitions and potential. The bank helps customers in eight countries, has more than 200.000 small and medium-sized business customers and more than 35 percent of large corporates in the Nordics. With long-term sustainable development an ambition the bank will continue to work every day to be the best possible bank, for the benefit of customers, employees, shareholders and the societies it is part of.

About United Fintech • Founded in 2020, United Fintech is an industry-neutral Digital Transformation Platform where global financial institutions and cutting-edge technology providers come together to unleash their full potential and enable the future of finance. United Fintech remains on the frontier of innovation by acquiring engineering-led fintechs within Capital Markets, Wholesale Banking and Wealth Management under a central umbrella and in just four years, the company has acquired five fintechs and is on track to acquire many more. In 2024, United Fintech received investments from BNP Paribas and Citi.

Contact • For more information, please direct media enquiries to:

Ulrik Scheibye / [email protected] / +45 4514 1400
Nic. Rossen / [email protected] / +45 2072 9972

Download pictures of Claus Harder of Danske Bank and Christian Frahm of United Fintech here:

Harder and Frahm 1

Harder and Frahm 2

Harder and Frahm 3

Harder and Frahm 4

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ZURICH, May 7, 2024 /PRNewswire/ — Q1 2024 Results

Further strong market share gains, disciplined execution

• Revenues flat yoy, outperforming markets; Adecco’s relative revenue growth +600 bps
• By GBU, Adecco, +1% yoy, of which APAC +14%, Southern Europe & EEMENA +8%, DACH +7%; LHH -5%, with Career Transition & Mobility +9%; Akkodis -2%, with Consulting +5%
• Healthy 19.8% gross margin, +20 bps qoq, -100 bps yoy, mainly reflecting current business mix; pricing firm
• SG&A expenses, excl. one-offs, €978 million, reflecting strong G&A savings, focus on productivity
• Resilient 2.8% EBITA margin excl. one-offs, -30 bps yoy, or -10 bps yoy when excluding the impact from the timing of FESCO JV income, with gross margin developments substantially mitigated by rigorous cost discipline
• Operating income €122 million, -12% yoy, constant currency; Net income €73 million, -20% yoy
• Basic EPS €0.44, -20% yoy; Adjusted EPS €0.59, -18% yoy
• Improved cash performance: free cash flow +€72 million yoy, cash conversion 73%
• On track to deliver ~€150 million G&A savings, net, in run-rate terms, mid-2024

Denis Machuel, Adecco Group CEO, commented:

“The Group demonstrated strong operational progress in the first quarter. We achieved revenue stability and maintained firm pricing discipline amidst challenging market conditions while driving further cost improvement across the business. Adecco delivered significant market share gains with a healthy gross margin. Akkodis faced ongoing tech staffing headwinds while achieving solid growth in its higher-value consulting business, which lifted overall profitability. In LHH, Career Transition and Ezra once again outperformed, and the business delivered an improved margin. We remain laser-focused on the elements within our control – competitive outperformance and market share expansion, together with cost discipline. The G&A savings programme is on track, and at the same time, the Group is preserving resources, where appropriate, to ensure it can swiftly capitalise on the future market rebound.”

Contact: Investor Relations, +41 (0)44 878 88 88 

Full Press Release

Webcast Details | Investors & Analysts

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