Standard Chartered

Adani Green accomplishes its Construction Financing Framework at USD 3 billion

Retrieved on: 
Tuesday, December 5, 2023

Adani Green Energy Ltd (AGEL), India’s largest and world’s leading renewable energy player announced follow-on funding of USD 1.36 billion (Bn) to further boost its Construction Financing Framework to USD 3 Bn backed by a consortium of renowned international banks.

Key Points: 
  • Adani Green Energy Ltd (AGEL), India’s largest and world’s leading renewable energy player announced follow-on funding of USD 1.36 billion (Bn) to further boost its Construction Financing Framework to USD 3 Bn backed by a consortium of renowned international banks.
  • The definitive agreements have been executed with 8 leading international banks, which are all returning lenders and instrumental in establishing AGEL’s Construction Financing Framework since March 2021.
  • Mr Amit Singh, CEO, Adani Green Energy Ltd, said, “We believe, Construction Financing Framework is an essential element of our development agenda and supports our unwavering commitment to build a sustainable future.
  • We are incredibly proud to put forward the framework for our portfolio companies where in we have raised sustainable financing solutions for Adani Green, Adani Energy Solution to support the delivery of critical infrastructure projects.

Impact Disclosure Taskforce Created to Scale Financing of the United Nations Sustainable Development Goals

Retrieved on: 
Tuesday, November 28, 2023

The Taskforce also intends to explore mechanisms for disseminating and analyzing this entity-level impact information to promote transparency and accountability.

Key Points: 
  • The Taskforce also intends to explore mechanisms for disseminating and analyzing this entity-level impact information to promote transparency and accountability.
  • The Taskforce also obtains input from public development banks including the Asian Development Bank (ADB), the French Agency for Development (AFD), and the United States International Development Finance Corporation (DFC), as well as from the Global Impact Investing Network (GIIN), members of the Global Investors for Sustainable Development Alliance (GISD), and Linklaters.
  • Collaborating to provide suggested guidance on standardized impact metrics for development finance will allow entities to more clearly communicate their contribution towards the SDGs.
  • We are working to support greater impact disclosures and ultimately attract more sustainable finance capital to emerging markets and developing countries.”

PropertyGuru Appoints Ray Ferguson as Chairman of the Board With Effect From January 1, 2024

Retrieved on: 
Thursday, November 16, 2023

PropertyGuru Group Limited (NYSE: PGRU) (“PropertyGuru” or the “Company”), Southeast Asia’s leading1 property technology (“PropTech”) company, today announced the appointment by the board of directors (“Board”) of Mr. Ray Ferguson as an independent non-executive director and Chairman of the Board with effect from January 1, 2024.

Key Points: 
  • PropertyGuru Group Limited (NYSE: PGRU) (“PropertyGuru” or the “Company”), Southeast Asia’s leading1 property technology (“PropTech”) company, today announced the appointment by the board of directors (“Board”) of Mr. Ray Ferguson as an independent non-executive director and Chairman of the Board with effect from January 1, 2024.
  • Mr. Ferguson will succeed Mr. Olivier Lim, who has been Chair of PropertyGuru’s Board since September 2019.
  • Mr. Lim has overseen PropertyGuru's growth to a successful scaled-up business with significantly improved economics and consistent double-digit revenue growth.
  • As we plan for our next phase of growth, I am personally delighted to be working with a seasoned chairman and business builder like Ray.”

Standard Chartered US Named to the Seramount Inclusion Index

Retrieved on: 
Wednesday, November 15, 2023

Standard Chartered United States (the “Bank”) was among the thirty-eight organizations recognized as a Leading Inclusion Index Company, receiving a 72 percent score in Seramount’s sixth annual Inclusion Index .

Key Points: 
  • Standard Chartered United States (the “Bank”) was among the thirty-eight organizations recognized as a Leading Inclusion Index Company, receiving a 72 percent score in Seramount’s sixth annual Inclusion Index .
  • “We are thrilled to be recognized as a leading inclusion index company by Seramount,” said Patricia Fuster, Standard Chartered Chief Information Officer for Europe and Americas and Chair of Americas’ Diversity and Inclusion Council.
  • “This award fuels our drive to continue shaping a more inclusive future for our bank, colleagues, and communities.
  • At the heart of this achievement are our Employee Resource Groups – who are pivotal in creating and nurturing our inclusive culture.

Moneycorp announces senior executive appointments

Retrieved on: 
Thursday, December 14, 2023

LONDON, Dec. 14, 2023 /PRNewswire/ -- Moneycorp ("the Company" or "the Group"), one of the world's leading cross border payments businesses, today announces the appointment of three new senior executives.

Key Points: 
  • LONDON, Dec. 14, 2023 /PRNewswire/ -- Moneycorp ("the Company" or "the Group"), one of the world's leading cross border payments businesses, today announces the appointment of three new senior executives.
  • Richard Brice joins Moneycorp as its new Chief Financial Officer ("CFO"), succeeding Velizar Tarashev, who was appointed as Chief Executive Officer in July 2023.
  • Claire joins Moneycorp from Mastercard, where she was an Executive Vice President in Enterprise Partnerships.
  • Commenting on today's announcement, Velizar Tarashev, CEO of Moneycorp, said: "I am delighted to welcome Richard, Claire and Adrian to Moneycorp.

Foreign Exchange Market size to increase by USD 516.48 billion between 2023 to 2028| Increasing market liquidity to drive the market growth - Technavio

Retrieved on: 
Wednesday, December 6, 2023

The market size is projected to grow by USD 516.48 billion, accelerating at a CAGR of 10.31% from 2023 to 2028.

Key Points: 
  • The market size is projected to grow by USD 516.48 billion, accelerating at a CAGR of 10.31% from 2023 to 2028.
  • The swift access to news and pricing empowers foreign exchange traders with current information, boosting market expansion during the forecast period.
  • The global foreign exchange market offers full access to comprehensive market data, enabling real-time portfolio monitoring across multiple nations and time zones.
  • According to Technavio's analysis, The Foreign Exchange Market Analysis Report from 2024 to 2028 highlights significant market trends, such as increasing liquidity and transparency in trading.

LatentView Analytics Welcomes Financial Services Leader Chandrasekhar B. to its Advisory Council

Retrieved on: 
Wednesday, December 6, 2023

MANAMA, Bahrain, Dec. 6, 2023 /PRNewswire/ -- LatentView, a global digital analytics consulting and solutions firm, announced the addition of Chandrasekhar B. to its advisory council for the Middle East region. Prior to his tenure as the CEO of Arab Financial Services, Chandrasekhar was the Group Head of Products and Marketing at Arab Financial Services.

Key Points: 
  • Former CEO of Arab Financial Services joins the council with over 34 years of experience in banking and financial services in the Middle East.
  • MANAMA, Bahrain, Dec. 6, 2023 /PRNewswire/ -- LatentView , a global digital analytics consulting and solutions firm, announced the addition of Chandrasekhar B. to its advisory council for the Middle East region.
  • Prior to his tenure as the CEO of Arab Financial Services, Chandrasekhar was the Group Head of Products and Marketing at Arab Financial Services.
  • Council members work directly with LatentView executives to forecast trends, address challenges, and bridge relationships between the organization and its primary stakeholders.

LatentView Analytics Welcomes Financial Services Leader Chandrasekhar B. to its Advisory Council

Retrieved on: 
Wednesday, December 6, 2023

MANAMA, Bahrain, Dec. 6, 2023 /PRNewswire/ -- LatentView, a global digital analytics consulting and solutions firm, announced the addition of Chandrasekhar B. to its advisory council for the Middle East region. Prior to his tenure as the CEO of Arab Financial Services, Chandrasekhar was the Group Head of Products and Marketing at Arab Financial Services.

Key Points: 
  • Former CEO of Arab Financial Services joins the council with over 34 years of experience in banking and financial services in the Middle East.
  • MANAMA, Bahrain, Dec. 6, 2023 /PRNewswire/ -- LatentView , a global digital analytics consulting and solutions firm, announced the addition of Chandrasekhar B. to its advisory council for the Middle East region.
  • Prior to his tenure as the CEO of Arab Financial Services, Chandrasekhar was the Group Head of Products and Marketing at Arab Financial Services.
  • Council members work directly with LatentView executives to forecast trends, address challenges, and bridge relationships between the organization and its primary stakeholders.

Capacity-building Alliance of Sustainable Investment (CASI) Launched at COP28

Retrieved on: 
Tuesday, December 5, 2023

DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ -- Ma Jun, President of the Beijing-based Institute of Finance and Sustainability (IFS) and former Co-Chair of the G20 Sustainable Finance Working Group (SFWG), together with representatives from six other founding members, launched the Capacity-building Alliance of Sustainable Investment (CASI) today at COP28.

Key Points: 
  • DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ -- Ma Jun, President of the Beijing-based Institute of Finance and Sustainability (IFS) and former Co-Chair of the G20 Sustainable Finance Working Group (SFWG), together with representatives from six other founding members, launched the Capacity-building Alliance of Sustainable Investment (CASI) today at COP28.
  • "The demand for sustainable investment is huge in EMDEs, but most of these economies are yet to put in place the key elements of a green financial system.
  • Eddie Yue, Chief Executive of HKMA, said "EMDEs are facing steep pathways to meet their sustainable development goals, requiring substantial investment.
  • Bill Winters, CEO of Standard Chartered Bank, said "CASI demonstrates the value of constructive partnerships to accelerate sustainable investment.

Capacity-building Alliance of Sustainable Investment (CASI) Launched at COP28

Retrieved on: 
Tuesday, December 5, 2023

DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ -- Ma Jun, President of the Beijing-based Institute of Finance and Sustainability (IFS) and former Co-Chair of the G20 Sustainable Finance Working Group (SFWG), together with representatives from six other founding members, launched the Capacity-building Alliance of Sustainable Investment (CASI) today at COP28.

Key Points: 
  • DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ -- Ma Jun, President of the Beijing-based Institute of Finance and Sustainability (IFS) and former Co-Chair of the G20 Sustainable Finance Working Group (SFWG), together with representatives from six other founding members, launched the Capacity-building Alliance of Sustainable Investment (CASI) today at COP28.
  • "The demand for sustainable investment is huge in EMDEs, but most of these economies are yet to put in place the key elements of a green financial system.
  • Eddie Yue, Chief Executive of HKMA, said "EMDEs are facing steep pathways to meet their sustainable development goals, requiring substantial investment.
  • Bill Winters, CEO of Standard Chartered Bank, said "CASI demonstrates the value of constructive partnerships to accelerate sustainable investment.