Pillar

The Government of Canada announces support for Indigenous women and 2SLGBTQQIA+ people in Yukon

Retrieved on: 
Thursday, December 21, 2023

WHITEHORSE, YT, Dec. 21, 2023 /CNW/ - The National Inquiry into Missing and Murdered Indigenous Women and Girls highlighted the underlying systemic causes of ongoing violence against Indigenous women, girls, and 2SLGBTQQIA+ people.

Key Points: 
  • WHITEHORSE, YT, Dec. 21, 2023 /CNW/ - The National Inquiry into Missing and Murdered Indigenous Women and Girls highlighted the underlying systemic causes of ongoing violence against Indigenous women, girls, and 2SLGBTQQIA+ people.
  • This funding is a key initiative of the Federal Pathway to Address Missing and Murdered Indigenous Women, Girls and 2SLGBTQQIA+ People.
  • The Federal Pathway to Address Missing and Murdered Indigenous Women, Girls and 2SLGBTQQIA+ People is the Government of Canada's contribution to the 2021 Missing and Murdered Indigenous Women, Girls, and 2SLGBTQQIA+ People National Action Plan: Ending Violence Against Indigenous Women, Girls, and 2SLGBTQQIA+ People.
  • Although roughly 5% of the female population in Canada identified as Indigenous, 21% of all gender-related homicides between 2011 and 2021 involved Indigenous women and girls.

Investment Funds and Asset Management Market Sees Growth in Poland with a Positive 2023-2025 Outlook

Retrieved on: 
Tuesday, December 19, 2023

Asset management market in Poland: Key Segments, 2Q/3Q 2023

Key Points: 
  • Asset management market in Poland: Key Segments, 2Q/3Q 2023
    Top asset managers (groups) by AuM, 2Q/3Q 2023
    CEE 8 Investment fund industry - size vs. growth matrix, 2019-1H23
    CEE investment funds penetration benchmarks, 1H23
    Evolution of assets, number of funds & managers, 2018-3Q23
    Fund assets by type of fund (open-end, closed), 2018-3Q23
    Fund assets by underlying asset mix, 2020-3Q23
    Top 10 players in investment fund market, 3Q23
    Market share evolution of top fund managers, 2020-3Q23
    Top fund managers by client count, 3Q23
    Distribution - online distribution platforms, 2023
    Local funds invested in foreign assets and foreign funds, 3Q23
    Structure of Personal Financial Assets (PFA).
  • The share of Investment funds within savings of households, 2018-2Q23
    Value of deposits, cash & investment funds held by households outstanding value, 2018-1H23
    Fees and commissions charged by top fund managers, Nov. 23
    Revenues and costs of fund managers, 2022
    Profitability tree for fund managers, 2019-2022
    Pillar III - New pension vehicles: PPK overview (3rd pillar)
    Technical reserves by type evolution, 2019-2Q23
    Technical reserves by segment and by company, 2022

SREP capital requirements for Commerzbank determined for 2024 – distance to MDA threshold remains comfortable

Retrieved on: 
Thursday, December 28, 2023

In the annual Supervisory Review and Evaluation Process (SREP) the European Central Bank has determined the bank-specific capital requirements for the Commerzbank Group in 2024.

Key Points: 
  • In the annual Supervisory Review and Evaluation Process (SREP) the European Central Bank has determined the bank-specific capital requirements for the Commerzbank Group in 2024.
  • The SREP decision replaces the previous SREP decision with effect from 1 January 2024.
  • As of 30 September 2023, the pro forma CET1 requirement for Commerzbank on group level amounts to 10.27% of risk weighted assets (MDA threshold) when applying the new SREP decision.
  • With a CET1 ratio of 14.6% as of September 2023, we are well above the MDA threshold.

Advantage Solutions releases 2023 Private Brand Intelligence Report

Retrieved on: 
Monday, November 13, 2023

IRVINE, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV), a leading provider of sales and marketing services to consumer goods manufacturers and retailers, today announced the release of its 2023 Private Brand Intelligence Report, a compilation of proprietary research, market data and subject matter expertise.

Key Points: 
  • IRVINE, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV), a leading provider of sales and marketing services to consumer goods manufacturers and retailers, today announced the release of its 2023 Private Brand Intelligence Report, a compilation of proprietary research, market data and subject matter expertise.
  • The report, conducted by Daymon, the global experts in private brand development, indicates that 92% of consumers trust private brands as much as or more than national brands and 83% of consumers view private brands as a better value for their money than national brands.
  • “Increasing levels of trust, quality and value are prompting consumers to flock to private brands in record fashion,” said Jim Griffin, president of Daymon North America, a division of Advantage Solutions.
  • To learn more about the 2023 Private Brand Intelligence Report, download the report at Daymon.com.

The New York Stock Exchange Leads Industry in Transfers for a Second-Straight Year, Reports Major Technology and Community Milestones

Retrieved on: 
Monday, December 18, 2023

The exchange reported 32 listing transfers in 2023, the second-highest total since 2002, bringing $120 billion in new market capitalization to the exchange.

Key Points: 
  • The exchange reported 32 listing transfers in 2023, the second-highest total since 2002, bringing $120 billion in new market capitalization to the exchange.
  • Of those, 20 were operating companies, nearly triple the number of operating companies transferring to competing exchanges.
  • Notably, the median market capitalization for all transfers to the NYSE was five times larger than those to other exchanges.
  • In addition to Fiserv, Expeditors International of Washington (NYSE: EXPD) and Coherent (NYSE: COHR) ranked among those moving their listings to the NYSE.

House of Assembly to Debate Corporate Income Tax for Multinationals with Revenue of €750M+

Retrieved on: 
Thursday, December 14, 2023

Today the Government of Bermuda announced that the House of Assembly will debate the Corporate Income Tax (CIT) Act 2023 affecting Bermuda businesses that are part of Multinational Enterprise Groups (MNEs) with annual revenues of €750M or more.

Key Points: 
  • Today the Government of Bermuda announced that the House of Assembly will debate the Corporate Income Tax (CIT) Act 2023 affecting Bermuda businesses that are part of Multinational Enterprise Groups (MNEs) with annual revenues of €750M or more.
  • The legislation is the result of multiple public consultations and direct engagement with key industry participants by the Government and its international tax advisers.
  • “Bermuda continues to be recognized for its commitment to global compliance and transparency, and is considered by the EU to be a fully cooperative tax jurisdiction.
  • The Government continues to engage with all stakeholders in refining the new tax regime.

Verve Motion Raises $20 Million in Series B Financing

Retrieved on: 
Wednesday, December 13, 2023

CAMBRIDGE, Mass., Dec. 13, 2023 /PRNewswire/ -- Pioneering the future of industrial safety, Verve Motion, a Harvard University spinout, today announced it has reached a significant milestone by securing $20 million in Series B funding. This achievement, raising the company's total funding to over $40 million, marks a crucial step in the company's rapid expansion and the widespread adoption of its innovative industrial-use connected wearable technology, SafeLift™ exosuit.

Key Points: 
  • CAMBRIDGE, Mass., Dec. 13, 2023 /PRNewswire/ -- Pioneering the future of industrial safety, Verve Motion, a Harvard University spinout, today announced it has reached a significant milestone by securing $20 million in Series B funding.
  • Occupational back pain ranks as the most frequent injury, with more than one million workers suffering back injuries annually.
  • "The era of transformation in workplace safety and productivity is here," said Ignacio Galiana, the CEO and Co-founder of Verve Motion.
  • "As a lead investor in the Series B funding, we are excited to fuel the growth and innovation of Verve Motion, a trailblazing force in wearable robotics," said Arunas Chesonis, co-founder of Safar Partners.

Pillar Biosciences to Present at NYBIO | NYSE Life Science Company Showcase on December 14th

Retrieved on: 
Thursday, December 7, 2023

NATICK, Mass., Dec. 7, 2023 /PRNewswire/ -- Pillar Biosciences is pleased to announce that Randy Pritchard, Chief Executive Officer, and Vincent Ricci, Chief Financial Officer, will be presenting at the NYBIO | NYSE Life Science Company Showcase on December 14th.

Key Points: 
  • NATICK, Mass., Dec. 7, 2023 /PRNewswire/ -- Pillar Biosciences is pleased to announce that Randy Pritchard, Chief Executive Officer, and Vincent Ricci, Chief Financial Officer, will be presenting at the NYBIO | NYSE Life Science Company Showcase on December 14th.
  • The showcase will take place at the New York Stock Exchange, providing a platform for emerging biotech and life science companies to present their groundbreaking work.
  • "We are honored to be part of this prestigious event and to have the opportunity to share our vision and progress with the esteemed audience at the NYBIO | NYSE Life Science Company Showcase," said Randy Pritchard, CEO of Pillar Biosciences.
  • In addition to the NYBIO | NYSE Life Science Company Showcase, Pillar Biosciences will also be participating in the RBC Capital Markets Healthcare Private Company Conference, being held virtually on December 13-14th, 2023.

AUKUS Defense Investor Network Launches

Retrieved on: 
Tuesday, December 5, 2023

PALO ALTO, Calif., Dec. 5, 2023 /PRNewswire/ -- Efforts to accelerate private sector investment in national security innovation challenges grew today with the announcement by BMNT Inc. of the AUKUS Defense Investor Network (DIN) dedicated to accelerating the growth of new capabilities and building new industries to help further peace, stability and prosperity around the world.

Key Points: 
  • PALO ALTO, Calif., Dec. 5, 2023 /PRNewswire/ -- Efforts to accelerate private sector investment in national security innovation challenges grew today with the announcement by BMNT Inc. of the AUKUS Defense Investor Network (DIN) dedicated to accelerating the growth of new capabilities and building new industries to help further peace, stability and prosperity around the world.
  • The AUKUS DIN, a collaboration with the Defense Innovation Units in the U.S. and UK, is a network of leading private capital investors from 300+ institutional venture capital firms, corporate venture capital (CVC) groups and family offices from the U.S., UK and Australia representing more than $265 billion USD.
  • "As the innovation lead for AUKUS Pillar 2, I am excited to see the creation of an AUKUS Defense Investors Network, which I hope will increase awareness and understanding of our shared security challenges across the venture capital community, and help our cutting-edge companies bring their creativity to bear against some of our toughest national security challenges."
  • "The AUKUS DIN builds on the efforts of the existing Defense Investor Networks in the U.S., UK and Australia, helping to advance the development of dual-use technologies with clean, trusted capital," said BMNT Entrepreneur in Residence Heather Jo Richman , founder and chair of the U.S. DIN.

Reimagined Parking Announces Transformative Changes

Retrieved on: 
Monday, November 20, 2023

Formerly REEF Parking, the Company Introduces Mubadala Capital as New Controlling Shareholder, Key Additions to Senior Management Team, and Corporate Rebranding

Key Points: 
  • Formerly REEF Parking, the Company Introduces Mubadala Capital as New Controlling Shareholder, Key Additions to Senior Management Team, and Corporate Rebranding
    NEW YORK, Nov. 20, 2023 /PRNewswire/ - Reimagined Parking, formerly known as REEF Parking, today announced sweeping changes poised to position it for continued growth.
  • Now steering Reimagined Parking's operations and business development efforts and reaffirming the company's renewed focus on providing exceptional parking services is a team of seasoned veterans with more than 100 years of industry experience among them.
  • Mark Carleton, Reimagined Parking Board of Directors, served as the former Chief Financial Officer and Chief Development Officer at Liberty Media and was a longstanding KPMG partner and board member.
  • "Mubadala Capital's commitment to Reimagined Parking—financially, operationally, and strategically—will enable us to continue to provide market-driven parking services, prioritizing the needs of our clients and their customers," said Russ Pillar, Reimagined Parking's newly appointed Chief Executive Officer.