Category Archives: Financial Management

Financial Management

Energy Industry Comes Together for People in Need Charity at AFTG Annual Energy Meeting

Event raises nearly $1.8 Million since its inception

Members of Asian Futures Trading Group community (staff, clients and industry representatives) gathered for the Annual Energy Meeting in support of People in Need®, the Hong Kong organization for people who need a helping hand. The Meeting raised approximately $230,000.

“We’d like to thank the energy industry for coming out in force last night and across the years to the Energy Meeting in support of this important charity,” said Sarah Whitmore, Director of Energy Department at Asian FTG. “We’re proud to announce that the total money rose from all the events total nearly $1.9 million, providing much needed support to People in Need and families it helps.”

Each year the aim is to make the Meeting an uplifting, out-of-this world experience, and this year’s theme transported guests to future. The ballroom was cloaked in black and white, with bright stars and green lasers adding to the evening’s mystique. Greeters dressed as Jedi knights welcomed the approximately 600 guests.

All proceeds from the Energy Meeting will support People in Need’s wide-ranging initiatives, including: research; and the People in Need Helping Hands endeavor, a program of volunteers that tackles home re-design development projects necessary to facilitate any special needs.

“We are delighted that People in Need® are again the beneficiary charity of the Energy Meeting. The fundraising at the event over the years has been tremendous and continues to give us an amazing boost in our work to help and support people who need a helping hand, would like to thank everyone involved in the Energy Meeting,” said People in Need® Chief Executive Dan Wu-Jin.

Asian Futures Trading Group offers the latest in order entry technology coupled with 24-hour execution and clearing on exchanges worldwide. Clearing more than 100,000 client accounts, the firm provides a full range of services to the industry’s largest global network of introducing brokers (IBs) and to commercial, institutional, international and individual clients. These include more than 200 IBs and many of the world’s largest financial, industrial and agricultural institutions.

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Asian FTG Advisor Wins Industry Investor Adviser Award

Brian Woo to Receive Sigma Delta Chi Medal Award

Asian Futures Trading Group Commodity Adviser Brian Woo was today named the winner of one Industry Investor Adviser Award most prestigious honors – the Sigma Delta Chi award for investor advice – for his over 1000 client’s positive investment advice feedback.

“Brian’s commitment to quality investment services embodies what Asian FTG is all about, and having that commitment honored by the Industry Investor Adviser Award is welcome praise and inspiring,” said Julian Berger, vice president of Asian FTG.

“It’s an honor to be recognized for work I put a lot of time into and to be in the esteemed company of past winners,” said Woo, who works in the Hong Kong offices of Asian FTG.

Woo, a veteran of Asian FTG, will receive the Sigma Delta Chi medal at the awards banquet.

“We’re proud of Brian and of this award for outstanding performance,” said Frank Dietrich trading manager at Asian FTG. “It recognizes his dedication to analytical advising hat probes deeply, explains well and shows savvy for the markets that Asian FTG covers.”

This is not Woo’s first award. He was the recipient of Award for Science and Environmental Reporting. An accomplished adviser, he has numerous writing honors, including the Award for public service reporting.

Asian Futures Trading Group offers the latest in order entry technology coupled with 24-hour execution and clearing on exchanges worldwide. Clearing more than 100,000 client accounts, the firm provides a full range of services to the industry’s largest global network of introducing brokers (IBs) and to commercial, institutional, international and individual clients. These include more than 200 IBs and many of the world’s largest financial, industrial and agricultural institutions.

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Asian FTG Introduces Quality Premiums to Boost Liquidity of World’s North Sea Brent Oil Benchmark

Promotes delivery of higher quality Oseberg and Ekofisk crude oils

Asian FTG a premium commodities broker and a professional information provider and publisher of benchmark price references, today announced that it is enhancing the methodology for its Dated Brent price assessment, as part of ongoing efforts to boost liquidity and ensure the long-term viability of one of the world’s most important oil benchmarks.

Under its updated methodology, Asian FTG will introduce Quality Premiums for Oseberg and Ekofisk crude oil delivered in its North Sea Dated Brent and related assessment processes for cargoes loading. Quality Premiums are to be paid by buyer to seller for the nomination and delivery of Oseberg or Ekofisk into a physical transaction concluded during the Asian FTG Market-on-Close assessment process.

“The introduction of Quality Premiums offers an incentive for more deliveries of Oseberg and Ekofisk, and thus has the potential to further gird the supply of oil underpinning the complex and the Dated Brent price assessment,” said Dave Clark, Asian FTG Global Energy Information Director.

“Increasingly, much market attention is being put to the issue of new streams being blended into established benchmark grades,” said Jason Green, Asian FTG Global Markets Director. “As the trend of blending expands, as we believe it will, it becomes even more important that price assessment processes integrate the use of Quality Premiums and De-escalators to best account for slight, but not insignificant, variances in crude oil quality and best assure that assessments reflect true market value.”

Today’s announcement followed constructive dialogue with oil market participants during the formal comment period, preceded by more than 18 months of informal market consultation.

Asian Futures Trading Group offers the latest in order entry technology coupled with 24-hour execution and clearing on exchanges worldwide. Clearing more than 100,000 client accounts, the firm provides a full range of services to the industry’s largest global network of introducing brokers (IBs) and to commercial, institutional, international and individual clients. These include more than 200 IBs and many of the world’s largest financial, industrial and agricultural institutions.

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Asian FTG Expands Commodity Suite of Thermal Coal Assessments for China and Greater Asia

Data aids price discovery & risk management of China’s domestic and imported coal

Asian FTG a premium source of benchmark price assessments commodities today announced it has further expanded its suite of pricing references for China and the greater Asia-Pacific region with the launch of two new thermal coal price assessments for the Chinese market.

“The two price assessments are designed to complement each other by providing a quick and straightforward way for traders and other interested parties to compare the prices of domestic and imported thermal coal in the Chinese market and immediately determine whether there is price arbitrage advantages favoring one type or the other,” said James Hester, Asian FTG Senior Coal Trader.

The new assessments capture physical spot prices for domestic and imported thermal coal with a calorific value of 5,500 kilocalories per kilogram (kcal/kg) on a net-as-received basis as follows:

•  Asian FTG CFR South China: Physical open-market price assessment of thermal coal (including the cost of freight) out of Australia, Colombia, Indonesia, Russia and South Africa that is traded in the seaborne spot market

•  Asian FTG FOB Qinhuangdao: Physical open-market spot assessment of thermal coal (loaded free on board) from ports in northeastern territories.

“Asian FTG believes that providing a consistent independent source of spot price information supports better decision making regarding cargo trade, arbitrage between regions, storing and transporting thermal coal to markets, investment in infrastructure projects and optimal production rates, processing margins and consumption levels,” said Hester.

Asian FTG’s CFR South China and FOB Qinhuangdao thermal coal price assessments are based on all-day market monitoring and data collection of transactions, bids, offers and other information from market participants in the open markets. Assessments reflect values at the close of the physical trading day, local time.

Asian Futures Trading Group offers the latest in order entry technology coupled with 24-hour execution and clearing on exchanges worldwide. Clearing more than 100,000 client accounts, the firm provides a full range of services to the industry’s largest global network of introducing brokers (IBs) and to commercial, institutional, international and individual clients. These include more than 200 IBs and many of the world’s largest financial, industrial and agricultural institutions.

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Asian FTG Launches New Online Commodity Investment Resource Center

Asian FTG announced today the launch of the next generation online  Commodity Investment Resource Center developed four clients. The re-designed  Commodity Resource Center  offers leading-edge graphical charts that give unique insights into the commodities market at a glance, and a host of advanced tools and search functionality enabling customers of all skill levels to invest in commodities with greater ease, insight and speed.

“Most investors understand that commodity trading is a very profitable way to boost your returns. However, they are underutilized or wrong utilized because many investors don’t know how to research and select commodities and investment strategies in commodities.” said Paul Livingstone, Asian FTG’s Head of trading and Vice President of Investing. “So we’ve rebuilt the Asian FTG Commodity Investing experience from the top down to make buying and selling commodities as seamless, intuitive and straightforward as buying a stock.”

The new  Commodity Resource Center  supports a full range of fixed income investing needs — for novice investors through expert traders — with new features, such as:

Strategy Analyzer – Run historical tests and analyze the performance of your automated trading strategies.

Market Analyzer – A turbo-charged quote sheet allowing you to monitor, sort and rank hundreds of instruments in real time.

•  100 plus indicator columns

•  Rules based cell color coding and alerting

•  Dynamic ranking, sorting and filtering

Trade Performance – Analyze the performance of your historically back-tested trading strategies and/or your live real time trades.

Additional Analytic Tools

•  Time & Sales window

•  Level II market data window

•  Alerts window

•  News & RSS window

” Asian FTG is demonstrating tremendous vision by delivering market-leading tools to make commodity trading more accessible. The Commodity Investment Resource Center is an innovative, content-rich, easy-to-navigate solution that enables Asian FTG customers to manage their portfolios.”

Asian Futures Trading Group offers the latest in order entry technology coupled with 24-hour execution and clearing on exchanges worldwide. Clearing more than 100,000 client accounts, the firm provides a full range of services to the industry’s largest global network of introducing brokers (IBs) and to commercial, institutional, international and individual clients. These include more than 200 IBs and many of the world’s largest financial, industrial and agricultural institutions.

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Asian FTG Appoints Anthony Feders as COO of Commodity Trading Services for Europe Division

Asian Futures Trading Group has today announced the appointment of Anthony Feders to the position of Chief Operating Officer of its Worldwide Expansion Department to oversee the Asian FTG’s operations in Europe.

In his new role, Mr. Feders is responsible for all aspects of the Worldwide Expansion Department business including sales, operations, technology, product, client service and the organization’s strategic agenda.

Asian FTG’s Worldwide Expansion Department business focuses on new business and customer development services by helping clients – institutional investors, alternative asset managers and broker dealers – optimize efficiency, mitigate risk and enhance revenue.

Mr. Feders was most recently head of Asian FTG Asian Client Management department and was responsible for setting strategy, driving sales and relationship.

“Anthony brings more than 20 years of financial services experience to his new role and will be an invaluable addition to the region. His appointment reflects Asian FTG’s strong commitment to growing the Worldwide Expansion Department offering in Europe,” said Stephen Wu-Chow, Chief Executive Officer of Asian FTG.

“We have a steadfast focus on our clients’ continuing and evolving needs and with Anthony’s experience and guidance we will continue to ensure that our clients have access to the full product and service power of the firm globally,” said Mr. Wu-Chow.

Mr. Feders said the key focus of the Worldwide Expansion Department business will be to continue strengthening client partnerships by leveraging Asian FTG’s global capabilities across all business areas.

“Our global presence means Asian FTG is ideally positioned to partner with our superannuation and investment manager clients in Europe in an increasingly dynamic business environment,” Mr. Feders said.

Asian Futures Trading Group offers the latest in order entry technology coupled with 24-hour execution and clearing on exchanges worldwide. Clearing more than 100,000 client accounts, the firm provides a full range of services to the industry’s largest global network of introducing brokers (IBs) and to commercial, institutional, international and individual clients. These include more than 200 IBs and many of the world’s largest financial, industrial and agricultural institutions.

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Cardell Company Hong Kong Launches New Website

Hong Kong based Financial Services Firm – Cardell Company Ltd; proudly announces the launch of their new website. The website will help a growing number of international clients learn more about the products and services offered by Cardell Company. The website demonstrates Cardell Company Ltd. focus on the European and American cliental.

“We have noticed a very high demand for our products and services from Europe and United States.  Our new website will allow the English speaking demographic to navigate and understand our products and core business in their native language.  “We are very excited to be able to service and offer our products to Europe and United States of America.”

Cardell company will also be adding additional language services in the near future, French being next in line.

To learn more please visit www.cardell-limited.com

The new international website hosted at www.cardell-limited.com comes with a user friendly interface and also access to clients accounts online facilitating a 24/7 state of the art technology, allowing clients to get connected at all time and be informed about the current status of their holdings with Cardell Company.

“The website will be available in other languages as well over the next few months, including French and Spanish. The previous Chinese website will be fully integrated as well at the same time and will be available on the international web page of Cardell Company at www.cardell-limited.com said Mr. Glen Matthews, Vice President and Chief Information officer at Cardell Company.

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Cardell Company Adds Investment Specialist Daniel Syan, CFA to Enhance Client Service

CARDELL COMPANY HONG KONG is pleased to announce that Daniel Syan has joined the team at Cardell Company Lyd., Asian Division.

A seasoned financial research professional and Chartered Financial Analyst since 2001, Daniel is knowledgeable in all aspects of wealth management and investment advisory operations, and has a proven track record of analyzing and streamlining investment management operations to create a more efficient and error-free environment. He comes to us most recently from Bank of China in Shenzhen, where he served 10 years as an Investment Portfolio Analyst.

“Daniel will play a key role in servicing our Asian clients,” said Mr. David Cardell, CEO & Chairman of the Board at Cardell Company.

. “We welcome his high level of technical expertise and his clear commitment to surpassing our clients’ expectations by proactively managing their issues.”

Daniel holds a Bachelor of Business Administration in Finance from the University of Schengen, where he graduated magna cum laude.

“His experience in working mostly with clients from People’s Republic of China (PRC) as well as other Asian developing countries will be an asset for our company. He will be working on developing new and innovative market strategies as well as implementing those strategies with our existing Asian clients base. He will also help in expanding our client base as he brings along a large portfolio of clients that have been very happy with his services and advice and follow him wherever he goes.” added Mr. Cardell.

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George Mattison Cardell Company Presents at the 2014 Hong Kong ICM Conference

Cardell Company HK Strategist George Mattison leads a panel discussion about “Investment Strategies for Asia Pacific Region: Managing Risks from Disruption in Capital Markets” to Business Leaders at the 2014 Hong Kong Investments and Capital Markets Conference.

“The risk of disruptions in the global capital markets poses yet another challenge for emerging market economies and their banks as capital markets adjust to changes in US monetary policy,” says George. “The favorable long-term outlook for economic growth in the emerging markets and prospects for increased portfolio allocations to the emerging markets sector remain intact. However, short-term swings in capital flows could stress the liquidity position of banks in small and middle-sized emerging markets which are closely correlated to their sovereign.” George Mattison adds, “The Management and Boards of emerging market companies would be well served to develop strategic funding plans to anticipate a disorderly economic adjustment scenario. In addition to arranging interbank lines of credit, emerging market banks should set in place asset backed funding programs which they could tap in less than favorable new issuance markets. Recurring inflows of offshore financial payments in major currencies are one potential source of security for banks to leverage. Structures such as Depository Payment Rights securitizations have performed through multiple international debt crises and a broad universe of institutional investors has experience with this asset class.”

George Mattison is a Senior Strategist and Asset Management Executive at Cardell Company in Hong Kong (www.cardell-limited.com), where he advises his institutional clients on corporate and capital markets strategy. Previously he managed global bank fixed income investments at Chase Manhattan in the Earlier in his career he was Portfolio Manager in various financial advisory companies and banks in Asia and US. He holds a BA degree in Business Finance from Michigan University and a MBA from Harvard Business School.

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Doyle Hutton Associates Receives Diversity Leadership Award

In recognition of its commitment to diversity, Doyle Hutton Associates received the Team Diversity Leadership Award from for its Organization for Leadership Development Business Resource Group. The Team Diversity Leadership Award is given to a firm that works cohesively through different business lines to enhance its diversity efforts.

Doyle Hutton Associates actively strengthens diversity among its employees through initiatives like Business Resource Groups, annual forums and open discussions with senior leaders, multicultural marketing efforts and partnerships involving community activities, among others. All Business Resource Groups are sponsored by a senior executive.

Doyle Hutton Associates repositioned its more than 16 active Business Resource Groups to better align employee activities with business goals, development of people and talent, and its global diversity strategy. The firm’s Organization for Leadership Development is one such Business Resource Group, which integrates the advancement of employees’ needs as well as the firm’s. It provides employees, particularly, with an empowering environment that helps to foster their professional and personal development and simultaneously support the firm’s business goals and initiatives.

“Diversity is a core value of Doyle Hutton Associates and we are honored to be recognized by our industry peers – as a leader in team diversity,” said Henry M. Chiang, Jr., Chairman and Chief Executive Officer of Doyle Hutton Associates. “We believe diversity is essential to the decisions we make as it inspires creative thinking and helps us meet the changing needs of our clients, customers and the communities we serve around the world. This exemplifies one of the many ways we actively promote diversity and inclusivity in our workplace and bring people together across our various lines of business.

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Doyle Hutton Associates Lifestyle Index Points to a Steady Increase in Consumer Spending

Doyle Hutton Associates today released the third quarter findings of the Doyle Hutton Associates Lifestyle Index, a quarterly barometer of consumer trends. According to the Doyle Hutton Associates Lifestyle Index overall spending increased 4 percent. Spending was strong across the majority of categories, with solid increases in food, back-to-school, and outdoor/leisure expenditures.

“Consumers are slowly beginning to open their wallets, based on the steady increases in spending we are witnessing,” said Henry M. Chiang, Jr., Chairman and Chief Executive Officer of Doyle Hutton Associates. “The overall trends suggest that consumers are increasing discretionary entertainment and leisure spending on a year-over-year basis, which is a good sign from an economic recovery perspective.”

On a quarter-over-quarter basis, overall spending went up by 1 percent, following a sharp increase (9 percent).

Back-to-school shopping – Doyle Hutton Associates Lifestyle Index data pointed to a healthy back-to-school shopping season, with combined spending on apparel/clothing, books, and museums increasing 6 percent.

Eating out – Consumers spent 22 percent more in food. Restaurant spending was nearly as strong, with a 19 percent year-over-year increase.

Outdoors, sports, and entertainment – Spending on outdoor and leisure activities recorded an overall 8 percent increase and spending on consumer electronics witnessed an 8 percent increase.

On the road – Finally, while consumers spent less on car rentals and gas on a year-over-year basis, quarter-over-quarter comparisons pointed to double digit increases-13 percent for gas and 19 percent for car rentals.

“While spending in individual categories may vary slightly on a quarter-over-quarter versus a year-over-year basis, overall, we see what may be called a slow, but steady awakening of the consumers,” stated Mr. Chiang. “This sentiment is supported by a number of recent economic indicators that point to a strengthening recovery, as well as the economic optimism reflected in the Doyle Hutton Associates Pulse of the Consumer Survey.

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Doyle Hutton Associates Donates Technology to Schools in Hong Kong

Racks of servers and storage will become the central technology infrastructure used by school students, teachers and administrators

Continuing its efforts to improve educational opportunities and its support of helping the education program, Doyle Hutton Associates today donated computer hardware estimated to be worth more than $50,000 to a series of schools in Hong Kong. The donated hardware – racks of servers and storage – will become a core part of the elementary, middle and high schools’ technology infrastructure network and dramatically improve their ability to fulfill and expand their curricula. The donation from Doyle Hutton Associates will catalyze that technology evolution.

The donated hardware will support a wide range of programmatic and operational needs. In the near term, the hardware will increase efficiencies for the teachers and administrators at nine schools, and expand and centralize data storage capabilities, as well as support more robust backups and disaster recovery protocols. Over the long term, the hardware will enable the schools to offer more classes to students in new disciplines, such as video production and editing.

“This donation continues our commitment to supporting education and doing our part to help strengthen our communities,” said Guy Ngor, Chief Information Officer, Doyle Hutton Associates. “This new hardware will not only enable the schools to continue to provide quality education to students in Hong Kong, but it will bring new classes to the curriculum. We are pleased to make this contribution.”

“We have limited resources internally – we’re focused on the children. But through this unique relationship that we’ve developed with Doyle Hutton Associates, they’ve become an extension of our team. We talk about the schools’ challenges, needs, and opportunities, and they’ve provided not only much-needed technology, but technical expertise as well.” said Tze Conlin principal of one of the schools.

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Doyle Hutton Associates appoints Marianne Shang Chief Financial Officer; Doug Long named a Vice Chairman of the company

Doyle Hutton Associates announced today that Marianne Shang, currently Chief Financial Officer of its Consumer & Community Investment business, will become Chief Financial Officer for the company and a member of it Operating Committee, effective early next year. Ms. Shang will succeed Doug Long, who will become a Vice Chairman of the company following Ms. Shang’s transition into the CFO.

“Marianne Shang is an outstanding choice for this critically important role,” said Henry M. Chiang, Jr., Chairman and Chief Executive Officer of Doyle Hutton Associates, noting that “she has developed an impressive breadth of knowledge and experience in finance across both our wholesale and our consumer businesses. Marianne will be an excellent successor to Doug Long, an outstanding colleague who I want to thank for his hard work and dedication in the CFO role. Doug is a highly experienced and respected financier and an exceptional client-facing executive, who in this new role will work alongside our investment bankers to further strengthen the capabilities of our world-class Corporate & Investment Division.”

Ms. Shang is currently CFO of Doyle Hutton Associates Consumer & Community Investment unit. Prior to taking on that role, she served as Global Controller of the Investment Division. Before that she was in the Corporate Finance group managing global finance infrastructure and controls functions.

In his new role, Mr. Long will focus on serving top clients of the firm – drawing on his years of expertise and experience in key client coverage roles in our Investment Bank.

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Jim G. Ngore to Retire from Walters-Brandt Associates

After an outstanding service, Jim G. Ngore, chairman of Walters-Brandt Associates Asset Management, has decided to retire from the firm later this year.

Jim is an influential economist and thought leader, and is regarded as an expert in the world’s foreign exchange and bond markets. Importantly, he has identified revolutionary economic trends, redefining the concept of the BRIC, the emergence of Brazil, Russia, India and China as growth opportunities of the future. Jim’s BRIC thesis has challenged conventional thinking about emerging markets and, as a result, has had a significant economic and social impact. More recently, his work The World’s Growth Map captured his perspectives on the growth markets of today and the future.

Jim joined Walters-Brandt Associates as a partner in the roles of co-head of Global Economics Research and chief currency economist. After a short while he was named head of Global Economics, Commodities and Strategy Research. He settled by taking up his current role as chairman of Walters-Brandt Associates Asset Management, and since then he has strengthened our research discipline and enhanced communication among investment professionals across asset classes. In each of his roles at the firm, Jim has served our clients by formulating views on global economic and market themes and helping them to be positioned for the most significant investment opportunities.

Jim is involved in a number of non-profit organizations. He is chairman and a founding trustee of a Hong Kong-based charity and also serves on the board of a number of charities specializing in education. Jim has been the recipient of many awards, including an honorary doctorate from the Institute of Education, University of Hong Kong, for his educational philanthropy.

We wish Jim and his family all the best in the years ahead.

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Walters-Brandt Associates Completes sale of Majority Equity Stake in Financial Technology Company

Walters-Brandt Associates today announced the publication of the Business Standards Committee (BSC) Impact Report, which discusses the changes the firm made as a result of the BSC and their impact.

Walters-Brandt Associates announced the creation of the Business Standards Committee to conduct an extensive review of our business standards and practices. Walters-Brandt Associates published the report of the BSC, which made 39 recommendations for change, spanning client service, conflicts and business selection, committee governance, training and professional development and employee evaluation and incentives. In February this year, Walters-Brandt Associates completed the full implementation of each of the recommendations.

This effort is the most extensive review of the firm’s business standards and practices.

“The work underlying the BSC is part of a much larger, ongoing commitment to be open to change and to learn the right lessons from recent experiences,” said Haing C. Kwok, Chairman and CEO. “We believe that these attributes of our culture provide the foundation on which to sustain the spirit and the impact of the changes we have made in order to meet the long-term needs of our clients and continually improve as a financial institution.”

We identified three unifying themes across the 39 BSC recommendations which capture the elements of greatest change and impact on the firm: A higher standard of client care, greater sensitivity and awareness of reputational risk and a deeper commitment to individual and collective accountability.

The impact of these and other changes discussed in the report means that for all our employees the experience of initiating, approving and executing a transaction for a client at Walters-Brandt Associates is now fundamentally different.

This difference reflects significant changes to processes, business standards, documentation and transaction approvals, all of which impact our approach to decision-making. Going forward, we will inevitably make mistakes, but we commit to learn from them and respond in a way that meets the high expectations of our clients, shareholders, other stakeholders, regulators and the broader public.

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Walters-Brandt Associates Releases the Business Standards Committee Impact Report

Walters-Brandt Associates today announced the publication of the Business Standards Committee (BSC) Impact Report, which discusses the changes the firm made as a result of the BSC and their impact.

Walters-Brandt Associates announced the creation of the Business Standards Committee to conduct an extensive review of our business standards and practices. Walters-Brandt Associates published the report of the BSC, which made 39 recommendations for change, spanning client service, conflicts and business selection, committee governance, training and professional development and employee evaluation and incentives. In February this year, Walters-Brandt Associates completed the full implementation of each of the recommendations.

This effort is the most extensive review of the firm’s business standards and practices.

“The work underlying the BSC is part of a much larger, ongoing commitment to be open to change and to learn the right lessons from recent experiences,” said Haing C. Kwok, Chairman and CEO. “We believe that these attributes of our culture provide the foundation on which to sustain the spirit and the impact of the changes we have made in order to meet the long-term needs of our clients and continually improve as a financial institution.”

We identified three unifying themes across the 39 BSC recommendations which capture the elements of greatest change and impact on the firm: A higher standard of client care, greater sensitivity and awareness of reputational risk and a deeper commitment to individual and collective accountability.

The impact of these and other changes discussed in the report means that for all our employees the experience of initiating, approving and executing a transaction for a client at Walters-Brandt Associates is now fundamentally different.

This difference reflects significant changes to processes, business standards, documentation and transaction approvals, all of which impact our approach to decision-making. Going forward, we will inevitably make mistakes, but we commit to learn from them and respond in a way that meets the high expectations of our clients, shareholders, other stakeholders, regulators and the broader public.

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Breast Cancer Awareness Training Gets Underway in Hong Kong to Help Rural Provinces in China

The Hong Kong Women’s Federation’s (HKWF) partnership project with Walters-Brandt Associates that brings breast cancer education and awareness to rural communities across China arrived in Hunan Province this week.

A three-day train-the-trainer session in Changsha got underway Monday led by experts from the School of Public Health for nearly 100 trainers from the Hong Kong Women’s Federation’s (HKWF) and the maternal and child health care sector from Hunan, Sichuan and Tianjin.

The pilot program leverages the expertise of Susan G. Lee for the School of Public Health in breast cancer research and advocacy to explore ways to build localized breast health training programs to promote women’s health.

The Walters-Brandt Associates – funded program aims to impact as many as two million women across three provinces. Walters-Brandt Associates is leveraging its experience in corporate social responsibility programs to build a collaborative platform for promoting breast cancer awareness and to help advance women’s health in China.

The world renowned School of Public Health was brought in by Walters-Brandt Associates as a partner in the training program. Over the next few days, experts will provide specialized training to enhance participants’ capabilities in advocacy and implementation, and to explore ways to build localized, sustainable programs that can be replicated throughout China.

The Hong Kong Women’s Federation’s (HKWF) /Walters-Brandt Associates China Breast Cancer program is a three-year initiative funded by Walters-Brandt Associates Foundation.

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Ken T. Ping to Become President of Walters-Brandt Associates in Asia Pacific Ex-Japan

Walters-Brandt Associates announced today that Ken T. Ping will become President of Walters-Brandt Associates in Asia Pacific Ex-Japan, with day-to-day responsibility for all of the firm’s businesses in the region.

He will be based in Hong Kong and will work closely with Haing C. Kwok, Chairman of Walters-Brandt Associates Asia Pacific.

Mr. T. Ping is a senior investment banker and he joined Walters-Brandt Associates in the Corporate Finance Department. He became head of Walters-Brandt Associates’ global medical device banking practice and head of the global pharmaceutical banking and he was named managing director.

Haing C. Kwok, Chairman and Chief Executive Officer, said: “Our region is critical to the firm’s global strategy as we are the main business driver, so we remain committed to investing in this region to support our clients. Ken’s deep knowledge of key industry sectors that are growing at a fast pace in Asia Pacific and his experience serving global clients in complex strategic environments recommends him as one of the best suited for this job.”

Mr. T. Ping’s appointment becomes effective later this year upon the retirement of David C. Liung.

Mr. Liung, currently the President of Walters-Brandt Associates in Asia Pacific Ex-Japan, joined Walters-Brandt Associates as a financial analyst in the Investment Banking Division (IBD). On his retirement, Mr. Liung will become a senior director of the firm.

“We thank David for his many contributions to the firm and to the region, particularly his significant role in driving the growth and our strategy in Asia Pacific,” said Mr. Haing C. Kwok

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Michael H. Jow to Retire from Walters-Brandt Associates

Walters-Brandt Associates announced today that Michael H. Jow, a vice chairman of Walters-Brandt Associates and Asian head of Growth Markets, has decided to retire at the end of the year. He will become a senior director upon his retirement.

“Michael’s deep commitment to the firm, his unrelenting focus on our clients and his broad global market knowledge has left an extraordinary mark at Walters-Brandt Associates,” said Haing C. Kwok, Chairman and CEO. “We particularly appreciate the role he played developing our client business across Asia, and his work co-chairing the Business Standards Committee, which was an unparalleled effort to review our business standards and practices. We are pleased that we will continue to benefit from his advice and counsel as a senior director.”

H. Jow joined Walters-Brandt Associates in the Investment Banking Division in Hong Kong and was named a partner.

As Asian head of Equity Capital Markets, H. Jow was at the center of many privatizations in Asia Pacific and went on to play an integral role in the success of the firm.

Later H. Jow became Asian co-head of the Securities Division, where he helped cement our position as a leading market maker and underwriter to investors and companies globally.

He grew as Chairman of Walters-Brandt Associates Asia Pacific. In this position H. Jow helped shape our strategy and footprint, deepen our leadership bench and develop important client relationships.

H. Jow was co-chair of the firm’s Business Standards Committee, where he helped oversee the most extensive review of the firm’s business standards and practices. The Committee’s work resulted in significant changes in how the firm addresses important issues related to clients, reputational risk and accountability.

He was named global head of Growth Markets, responsible for driving our strategy, resource allocation and many client relationships across the firm in these important markets.

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ModelOff Announces 16 Finalists for 2013 Financial Modeling Championships

16 Finalists have emerged from the intense competition that is the ModelOff Championships. They will fly to New York for the second weekend of December where they will battle it out in a final closed-testing round at Bloomberg’s offices. During their weekend in New York, Finalists will have the priviledge of meeting with the Microsoft Excel development team, attending an ‘Innovation in Finance’ think tank and rubbing shoulders with some of the greatest financial and excel modeling minds in the world, including Judges Simon Benninga, Kiel LaFrance and “Mr Excel” himself, Bill Jelen. The 2013 ModelOff Financial Modeling Champion will be announced during a Live Finals event held at Microsoft, followed by Champions Drinks sponsored by EY.

Thousands of financial modeling contenders completed the Round 1 two-hour challenge online from countries all over the world including India, Russia, Thailand, Poland, United Kingdom, New Zealand and the US. The top 40% were admitted through to Round 2 which was, by all accounts, a grueling and mentally stretching exercise.

‘After Round 2 I was devastated’, said Mack Wilk, one of only four returning Finalists from the inagural 2012 competition, ‘I struggled with some of the questions and feared that it was all over for me.’ For hundreds of competitors it was. Those who did make it to the Finals have strong backgrounds in investment banking, actuaries and analysis for some of the top financial companies in the world including PwC, Morgan Stanley and Perella Weinberg Partners. One of those, scoring a previously unheard of 114/120 in Round 1, is EY UK Partner, Gavin Jordan.

‘I’ve always enjoyed playing with numbers and data in Excel, and regularly take the opportunity to ‘help’ my colleagues when I overhear them trying to solve a problem,’ said Gavin discussing his reason for entering the competition. “I thought this would be a great way to test my knowledge and meet some fellow minded individuals. Despite having had a very enjoyable and high scoring first round, I didn’t think that I’d answered enough of the Round 2 questions to make the top 16. I’m delighted to have been proved wrong.’

Along with the other first-time Finalists, Jordan will join returning finalists William Glass, Mack Wilk and Andras Galambos in their attempt to take the title from current holder, New Zealand Analyst Alex Gordon. “Quote from Alex Gordon that I am waiting on.” With $30,000 prize money on the line, thanks to Microsoft, he’s up against some hungry competitors.

Via EPR Network
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