KPMG

Bermuda Risk Summit Continues to Attract Strong Showing of Overseas Delegates

Retrieved on: 
Monday, March 18, 2024
Banking, Accounting, Professional Services, Business, Thought Leadership, Fintech, Asset Management, Other Professional Services, Legal, Insurance, Finance, Consulting, Bermuda College, Synthetic media, AXA, NAIC, KPMG, INED, Amazon, Partnership, Risk, FIO, Eastern Kentucky University, Gold, Transport, Capital, BMA, KBRA, Food, EY, Faculty, BDA, Arch Capital Group, Gen Re, Student, Investment, Kirkland & Ellis, Florida State University, SS&C Technologies, International business, National Association, Recreation, Treasury, Economic development

The Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY, has once again had a strong showing of overseas support, with 40% of its 450-plus delegate-list attending from overseas.

Key Points: 
  • The Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY, has once again had a strong showing of overseas support, with 40% of its 450-plus delegate-list attending from overseas.
  • The immediate economic impact of the 2024 Bermuda Risk Summit, held at the Hamilton Princess & Beach Club, March 13-15, including lodging, transportation, food and beverage, retail and recreation was estimated at $3.4 million, supporting 432 jobs.
  • Far more significant were the long-term economic benefits brought about by the additional visitors who flew to Bermuda for business meetings during the week of the summit.
  • Fiona Luck, Lloyd’s Council Member, Convex Group INED said, “I congratulate the BDA on another successful Bermuda Risk Summit, further cementing Bermuda’s position as a globally significant insurance and reinsurance centre.

Houlihan Lokey Appoints Rafael Pereira as a Senior Advisor

Retrieved on: 
Friday, March 15, 2024
Banking, Fintech, Professional Services, Finance, Houlihan Lokey, KPMG, Growth, PIX, OPM, Columbia Business School, Harvard Business School, Enova, Engineering, IBM, MBA, Senior advisor, BRQ, Creativity, Digital Solutions, ABCD

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Rafael Pereira has been appointed as a Senior Advisor to assist the firm with its expansion in Brazil.

Key Points: 
  • Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Rafael Pereira has been appointed as a Senior Advisor to assist the firm with its expansion in Brazil.
  • Mr. Pereira has more than two decades of experience as a tech entrepreneur and executive, building and growing technology-based businesses from spearheading startups to publicly listed companies.
  • “We are delighted with his arrival and the prospect of deepening our relationship with clients in the space.”
    “It is a great pleasure to join Houlihan Lokey and work together with its global Technology Group and its experienced local team to serve our Brazilian clients,” says Rafael Pereira.
  • Mr. Pereira earned an MBA from Columbia Business School and a degree in Engineering from PUC Rio de Janeiro.

FPT Expands Global Presence with New Subsidiary in Dalian, China

Retrieved on: 
Friday, March 15, 2024
KPMG, University, Woman, FPT Software, Software, Multimedia, FPT, ICT, Management

Global IT company FPT announced the inauguration of its new extension in China, FPT Dalian.

Key Points: 
  • Global IT company FPT announced the inauguration of its new extension in China, FPT Dalian.
  • View the full release here: https://www.businesswire.com/news/home/20240315542507/en/
    The inauguration was attended by government representatives, Japanese and Chinese partner companies, FPT executives, and other distinguished guests.
  • Chu Thi Thanh Ha, Chairwoman of FPT Software (a subsidiary of FPT), FPT Dalian, not only enables the company to further accompany businesses in the region but also serves as a commitment to the governments of China, Japan, and Vietnam.
  • The establishment of FPT Dalian also received support from the local authorities, marked by Dalian government representatives' recent visit to FPT.

OFS Credit Company Provides February 2024 Net Asset Value Update

Retrieved on: 
Friday, March 15, 2024
Asset Management, Professional Services, Finance, KPMG, Form, Risk, NAV, OCCI, Investment, KPMG LLP

OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of February 29, 2024.

Key Points: 
  • OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of February 29, 2024.
  • Management’s unaudited estimate of the range of our NAV per share of our common stock as of February 29, 2024 is between $7.48 and $7.58.
  • This estimate is not a comprehensive statement of our financial condition or results for the month ended February 29, 2024.
  • The preliminary financial data included in this press release has been prepared by, and is the responsibility of, OFS Credit’s management.

L&T Technology Services (LTTS) Secures Landmark ∼$100 Million Program in Cybersecurity

Retrieved on: 
Friday, March 15, 2024
Data Management, Technology, Manufacturing, Blockchain, Security, Telecommunications, Software, Networks, Internet, Engineering, Mobile, Wireless, SOAR, Deepfake, SOC, Communication, ZTNA, KPMG, DNS, Hardware, Image, NAC, APT, Intelligence, Internet of things, Embedded, COE, Social media, Mobile malware, Acquisition, AI, DLP, City, DTAC, CCTV, CASB, CERT, L&T Technology Services, Multimedia, Consultant, Information, Computer security, State, PAM, Medical device

L&T Technology Services Limited (LTTS) (BSE: 540115, NSE: LTTS), a leading global pure-play engineering and technology services company, announced today that it has won a first-of-its-kind program in India worth around $100 million from Maharashtra State Cyber Department, under the Government of Maharashtra.

Key Points: 
  • L&T Technology Services Limited (LTTS) (BSE: 540115, NSE: LTTS), a leading global pure-play engineering and technology services company, announced today that it has won a first-of-its-kind program in India worth around $100 million from Maharashtra State Cyber Department, under the Government of Maharashtra.
  • This initiative extends LTTS’ commitment to developing secure, digitally interconnected smart and safe cities through premier Cyber Security and Digital Forensic solutions consolidated under one umbrella.
  • View the full release here: https://www.businesswire.com/news/home/20240314467779/en/
    First-of-its-kind program in India entails designing a sophisticated cybersecurity system using AI & Digital Forensic tools.
  • Commenting on the milestone win, Amit Chadha, CEO and Managing Director of L&T Technology Services, said, "This first-of-its-kind deal is more than just a business achievement for us.

FPT Expands Global Presence with New Subsidiary in Dalian, China

Retrieved on: 
Thursday, March 14, 2024
Professional Services, Training, Technology, Automotive, Semiconductor, Education, Automotive Manufacturing, Other Automotive, Other Technology, Consulting, Manufacturing, Telecommunications, KPMG, University, Woman, FPT Software, Software, Multimedia, FPT, ICT, Management

Global IT company FPT announced the inauguration of its new extension in China, FPT Dalian.

Key Points: 
  • Global IT company FPT announced the inauguration of its new extension in China, FPT Dalian.
  • View the full release here: https://www.businesswire.com/news/home/20240313863173/en/
    The inauguration was attended by government representatives, Japanese and Chinese partner companies, FPT executives, and other distinguished guests.
  • Chu Thi Thanh Ha, Chairwoman of FPT Software (a subsidiary of FPT), FPT Dalian, not only enables the company to further accompany businesses in the region but also serves as a commitment to the governments of China, Japan, and Vietnam.
  • The establishment of FPT Dalian also received support from the local authorities, marked by Dalian government representatives' recent visit to FPT.

AuditBoard and KPMG Announce Strategic Alliance

Retrieved on: 
Tuesday, March 12, 2024
Data Management, Technology, Software, Networks, Artificial Intelligence, Internet, KPMG, IIA, Organization, Face, Streaking, Risk, ESG, Audit management, AI, Internal audit, KPMG LLP, GRC, Audit

IIA GAM CONFERENCE-- AuditBoard , the leading cloud-based platform transforming audit, risk, compliance, and ESG management, today announced a strategic alliance with KPMG LLP, the audit, tax, and advisory firm.

Key Points: 
  • IIA GAM CONFERENCE-- AuditBoard , the leading cloud-based platform transforming audit, risk, compliance, and ESG management, today announced a strategic alliance with KPMG LLP, the audit, tax, and advisory firm.
  • Through this alliance, organizations will be able to leverage the combined power of AuditBoard’s award-winning connected risk platform and KPMG’s deep expertise to elevate audit, risk, IT security, and ESG programs, and help businesses better manage growing risk challenges.
  • AuditBoard and KPMG customers in common can leverage innovative capabilities such as AuditBoard AI — which is uniquely powered by a unified data core across audit, risk, and compliance — to elevate internal audit teams with relevant insights, intelligent suggestions, and powerful automations.
  • “Today’s dynamic risk and compliance landscape requires a modern, cross-functional approach across the enterprise,” said Scott Arnold, CEO at AuditBoard.

Excelsior Energy Capital Sells Sub-Portfolio of Solar and Solar Plus Storage Assets to BlackRock

Retrieved on: 
Tuesday, March 12, 2024
Utilities, Oil, Gas, Environment, Finance, Alternative Energy, Energy, Professional Services, Green Technology, KPMG, Solar energy, Growth, Entrepreneurship, Latham & Watkins, BlackRock, Sale, Wind, Morgan Stanley, Investment, Kilowatt-hour, Evergreen, KeyBank, Renewable energy

Excelsior Energy Capital (“Excelsior” or “the firm”), a leading renewable energy infrastructure investor, today announced the sale of a portfolio of 38 solar energy and solar plus storage projects from its Fund I portfolio to BlackRock’s Evergreen Infrastructure Partners Fund (“BlackRock”).

Key Points: 
  • Excelsior Energy Capital (“Excelsior” or “the firm”), a leading renewable energy infrastructure investor, today announced the sale of a portfolio of 38 solar energy and solar plus storage projects from its Fund I portfolio to BlackRock’s Evergreen Infrastructure Partners Fund (“BlackRock”).
  • The sale to BlackRock represents Excelsior’s first exit from its inaugural fund, Excelsior Renewable Energy Investment Fund I LP.
  • Fund assets support the generation of more than 3,000 GWh of renewable energy annually at steady state operations.
  • This made these assets suitable for an exit separate from Excelsior’s other utility-scale assets held within the same fund.

Renewable Energy Tax Partner Julie Marion Joins Sheppard Mullin

Retrieved on: 
Monday, March 11, 2024
Alternative Energy, Energy, Legal, Professional Services, Champaign–Urbana metropolitan area, IRA, KPMG, Farm, Growth, Health, Partnership, University, Investment, Tax, Wells Fargo, Inflation, Renewable energy

Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Julie Marion has joined the firm as a partner in the Energy, Infrastructure and Project Finance team and the Tax, Employee Benefits and Trusts and Estates practice group.

Key Points: 
  • Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Julie Marion has joined the firm as a partner in the Energy, Infrastructure and Project Finance team and the Tax, Employee Benefits and Trusts and Estates practice group.
  • Marion boosts the Chicago Energy team to 17 and is the third lateral partner in the last month to join Sheppard Mullin’s Chicago office, following healthcare partners Doug Swill and Megan Rooney .
  • Marion brings highly focused federal income tax experience to structuring renewable energy projects, including credit qualification, front-end project financing and monetization of federal tax credits through tax equity structures and transferability/direct pay elections, as well as private equity investments in development platforms and platform M&A transactions.
  • “We have a nationally leading practice in renewable energy tax, so we know how rare it is to find a lawyer with Julie’s experience,” said Luca Salvi, chair of Sheppard Mullin.

CareDx Appoints Bryan Riggsbee to Its Board of Directors

Retrieved on: 
Monday, March 11, 2024
Health, Surgery, Genetics, Managed Care, General Health, Biotechnology, Certified Public Accountant, Organ transplantation, KPMG, Audit, General Electric Company, Caregiver, Patient, Committee, Labcorp, Myriad Genetics, Medicine, Committee on Finance, Transplant, Management

CareDx, Inc. (Nasdaq: CDNA) — The Transplant Company™ — a leading precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers — today announced that Bryan Riggsbee joins CareDx’s Board of Directors, effective March 11, 2024.

Key Points: 
  • CareDx, Inc. (Nasdaq: CDNA) — The Transplant Company™ — a leading precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers — today announced that Bryan Riggsbee joins CareDx’s Board of Directors, effective March 11, 2024.
  • “We're pleased to welcome Bryan to our Board,” said Michael Goldberg, CareDx Board Chairperson.
  • With a decade-long tenure at Laboratory Corporation of America (LabCorp), Riggsbee has demonstrated proven financial acumen.
  • “I am thrilled to join the CareDx Board, an innovator and leader in the field of organ transplantation,” said Riggsbee.