Daily Archives: June 4, 2020

Imperial Capital Names Tim Sullivan as President as it Continues its Expansion

LOS ANGELES, June 04, 2020 (GLOBE NEWSWIRE) — Imperial Capital, LLC, a full service investment banking firm, today announced a new leadership appointment designed to drive the franchise’s ambitious growth initiatives in the US and abroad. Tim Sullivan, currently Managing Director and Head of Global Credit, has been named President of Imperial Capital, LLC. Tim will be charged with leading the investment bank’s sales & trading business through its next phase of expansion.

“Since Tim Sullivan joined us in September of 2019, we have significantly expanded our sales and trading force adding over 25 key professionals to our business”, said Jason Reese, Executive Committee Member of Imperial Capital Group.  “Having a forward thinking leader like Tim, with a proven fixed income sales & trading background, as President of Imperial Capital, LLC is invaluable to the growth of our franchise in the US and Europe.”

Mr. Sullivan has nearly 25 years of industry experience, and joined Imperial Capital after spending seven years at Jefferies Group LLC, most recently as a Managing Director and Head of High Yield Sales & Trading.  Prior to that, he was with UBS, where he was a Managing Director in Credit Trading.  Previously, Tim spent nearly six years at Credit Suisse and, prior to that, ten years at Merrill Lynch.  He earned a Bachelor of Science degree in economics from Cornell University.

“I am very excited to assume this appointment as President of Imperial Capital,” commented Mr. Sullivan. “I look forward to continuing our mission to grow our sales & trading business while providing our clients with Imperial Capital’s exceptional services.”

Imperial Capital operates a comprehensive global sales & trading platform providing clients specific and unique insights across the entire capital structure of issuers in North America, Europe, and in Emerging Markets.  Driven by a focus on sophisticated, proprietary research, Imperial Capital’s global team of capital structure professionals deliver access to ideas, execution and liquidity in investment grade corporate bonds, high yield and distressed securities, leveraged loans, hybrid bank capital securities, post-reorganization equities, listed and unlisted equities, non-financial hybrid securities, trade claims, esoteric private placements, and emerging markets debt.

About Imperial Capital, LLC

Imperial Capital, LLC is a full-service investment bank offering a uniquely integrated platform of comprehensive services to institutional investors and middle market companies. We offer sophisticated sales and trading services to institutional investors and a wide range of investment banking advisory, capital markets and restructuring services to middle market corporate clients. Paired with our proprietary research and sales & trading desk analysis, we provide investment analysis across an issuer’s capital structure, including bank loans, debt securities, the hybrid/bank capital marketplace (through our ELP Framework), post-reorganization equities, special situations claims and listed and unlisted equities. Our comprehensive and integrated service platform, expertise across the global capital structure, and deep industry sector knowledge enable us to provide clients with research driven ideas, superior advisory services, and trade execution. We are quick to identify opportunities under any market conditions and we have a proven track record of offering creative, proprietary solutions to our clients. Imperial Capital, LLC has three principal businesses: Investment Banking, Institutional Sales & Trading and Institutional Research. More information about Imperial Capital, LLC can be found at www.imperialcapital.com.

For more information regarding Imperial Capital, please contact:
Mark Martis
+1 310 246 3674

About Imperial Capital (International), LLP

Imperial Capital International, founded in 2011, is an affiliate of Imperial Capital, LLC with an office in central London.  Complementing Imperial Capital’s existing corporate credit sales and trading franchise, Imperial Capital International expanded the Imperial Capital franchise into the EEA.  The company focuses on the entire credit spectrum and takes a full capital structure research approach to supplement sales and trading services to its European institutional clients.

For more information regarding Imperial Capital (International), LLP, please contact:
Emma McClintock
+ 44 (0) 207 650 5429

Path to 100% community of experts pursue innovative solutions for global renewable energy goals

Path to 100% Logo
Path to 100% is an objective community bringing together thought leaders and industry leading experts to discover solutions, raise awareness, and create a dialogue on creating an operationally and financially realistic approach towards a 100% renewable energy future. This initiative is made possible by Wärtsilä, a global leader in smart technologies and complete lifecycle solutions for marine and energy markets.

HOUSTON, June 04, 2020 (GLOBE NEWSWIRE) — Cities, states, and countries around the world are setting ambitious renewable energy targets, with the ultimate goal of 100% clean or renewable power. To succeed, they need to not only increase renewable generation, but also rapidly reduce the use of fossil fuels — and creating a plan to get there can be harder than it appears. That’s why today Wärtsilä is announcing their efforts to put together an international community of renewable energy experts, researchers, business leaders and journalists to power its Path to 100% initiative.

The Path to 100% seeks to discover solutions, raise awareness and create a dialogue on how to achieve an operationally and financially realistic approach to a 100% renewable energy future rooted in science, data and engineering.

“Each member of this community brings valuable expertise from their industry and their country that we can use to fuel our discussions as we strive for global solutions to 100% renewable power,” commented Jussi Heikkinen, Director of Growth and Development, Wärtsilä Energy Business. “When we get these different subject matter experts talking about what they are passionate about, we can help policymakers and industry leaders find their optimal path to 100% which benefits the ratepayers as well as the environment we are striving to protect.”

The Path to 100% Community of Experts consists of 30 members from different countries including Argentina, Brazil, Chile, Dominican Republic, Finland, Guatemala, the Netherlands and the United States. These subject matter experts exchange ideas and discuss innovative initiatives through periodic webinars designed to strengthen research partnerships. Community Expert information, blogs, interviews and research is posted on the Path to 100% website.

For more information, please contact:

Jussi Heikkinen
Director, Growth & Development, Americas
Wärtsilä Energy Business
Mob. +1 281 7714886

Tamara A. Rivera
Manager, Marketing & Communications, Americas
Wärtsilä Energy Business
Mob: +1 832 983 2129

Path to 100% is an objective community bringing together thought leaders and industry leading experts to discover solutions, raise awareness, and create a dialogue on creating an operationally and financially realistic approach towards a 100% renewable energy future. This initiative is made possible by Wärtsilä, a global leader in smart technologies and complete lifecycle solutions for marine and energy markets.

Wärtsilä Energy Business in brief
Wärtsilä Energy Business leads the transition towards a 100% renewable energy future. We help our customers unlock the value of the energy transition by optimising their energy systems and future-proofing their assets. Our offering comprises flexible power plants, energy management systems, and storage, as well as lifecycle services that ensure increased efficiency and guaranteed performance. Wärtsilä has delivered 72 GW of power plant capacity in 180 countries around the world.

Wärtsilä in brief
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2019, Wärtsilä’s net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/c282290e-1a99-4369-8017-edc773f9ee18

Discover AI: Smarter Economies Challenge final event

Co-op students who participated in the challenge

Co-op students who participated in the challenge

The Discover AI: Smarter Economies Challenge, launched in January by Microsoft in partnership with McGill University and Agorize, came to an end on May 28th during the online Grand Finale. This competition, which gathered more than 570 participants, is a perfect example of the outstanding capacity of the upcoming generation of creators to leverage technology and raise the innovation bar in an impactful way.

Discover AI: Smarter Economies Challenge final event

MONTREAL, June 04, 2020 (GLOBE NEWSWIRE) — Launched on January 6th, the objective of the Smarter Economies Challenge was for participants to leverage AI and Analytics to create impactful projects in one of four categories: financial services, healthcare, retail or smart cities.

The competition was open to students and alumni of all backgrounds, whether they were beginners or AI experts.

One of the particularity of the Smarter Economies Challenge is that it was designed by students for students. Microsoft co-op students are indeed the ones who established the framework of the competition, even choosing the different categories and the content participants had to include in their submissions.

Crystal Owusu-Amoah, part of the Azure team at Microsoft and active participant in the construction of the challenge, shared: “Joining the project team mid-way through the challenge, I was inspired by the incredible work that had been done by the cohort of co-ops before me and motivated to contribute the impact. It was an amazing opportunity to be a part of an initiative that contributed to the growth and empowerment of our fellow students.”

Throughout the course of the competition, participants effectively worked hand-in-hand using the different collaborative tools integrated into the Agorize platform. This capacity to cooperate fully remotely has been even more crucial in the context of the pandemic. However, having the possibility to use such tools is not the only factor that led to the remarkable success of the initiative. It is rather the participating teams’ outstanding capacity of resilience and adaptability that allowed them to overcome the difficulty of the situation.

Mentors from Microsoft also demonstrated a continued commitment to helping participants, both on business and technology side. Their support has been essential to encouraging students to break boundaries and surpass themselves.

As Wemba Opota, Artificial Intelligence Enterprise Solutions Lead at Microsoft, puts it: “This new generation has a profound desire to transform the world in a positive way. Values such as sustainability and durability are present in their DNA and what is happening in this challenge is the perfect illustration: a great diversity of participants coming together to create innovative solutions and challenge the status quo”.

As a result of this joint effort, 577 participants coming from 17 academic departments and representing 90 different Canadian schools and universities took part in the Smarter Economies Challenge.

After almost 6 months of hard work, finalist teams had the opportunity to present their ideas to the jury on May 28th, 2020.

The Grand Finale in itself was a great representation of the competition; with more than 570 spectators connecting worldwide to watch the live event, finalists demonstrated once again their capability to adapt to the situation and managed to do impressive presentations despite the additional challenge of presenting online.

Due to the very high quality of projects and the creativity displayed by finalist teams in addressing some of society’s most pressing issues, the final decision was incredibly difficult to make but winners were finally announced:

  • 99Bits from University of Calgary, won the Financial Services track for creating an app leveraging three Microsoft Azure tools to provide users with clear and accurate information about the social and environmental responsibility of companies.
  • Attentiv Medical from University of British Columbia, won the Healthcare track for their innovative catheter design that relies on AI & Machine Learning to prevent serious injuries that can result in high treatment costs.
  • The Cactus from University of Alberta, won the Retail & Commerce track for their solution leveraging Microsoft Azure AI, Azure Blob and Azure App Service to provide a  personalized service to help users decorate and design their residential interior.
  • FLORA from University of British Columbia, won the Smart Cities track for their waste collection optimization solution, integrating both a device that can measure the fill level of a garbage bin and an online analytics dashboard.

These four projects stood out as they all cunningly integrated AI tools and offered concrete and feasible solutions to actually create smarter and sustainable economies.

More than simply obtaining rewards and prizes for their projects, finalists and participants as a whole gained unique skills that will boost their success as entrepreneurs, dreamers, thinkers and leaders of tomorrow.

You can find more information about this challenge and the winning projects here.

The Discover AI Upskilling Journey

Although the Discover AI: Smarter Economies Challenge came to an end, the learning continues!

Microsoft, in collaboration with Agorize, is proud to announce the launch of a new global initiative to democratize the use of artificial intelligence and provide participants with the opportunity to gain new skills and obtain recognized certifications.

Called Discover AI Upskilling Journey, this competition is open to students and the general public worldwide and is the perfect opportunity to develop new digital skills, obtain recognized certifications, network with industry experts and continue to challenge the status quo!

If you’ve been watching the Discover AI competition from the sidelines, or perhaps you participated but want to continue your AI learning journey, the Discover AI Upskilling Journey is the perfect next step for you!” highlights Sarah Muma, Cloud Solution Architect at Microsoft. “A set of 6 sprints, you can learn at your own pace in either a technical or business track, and apply your learnings to mini-challenges along the way. Challenge yourself and your friends to learn something new this summer with the Discover AI Upskilling Journey!”

The Journey started on May 26th, and participation is entirely free.

For more information and to enroll to the challenge: https://bit.ly/DiscoverAIUpskillingJourney.

Agorize Contact:

Nicolas Hache
Sales Lead
Agorize North America
Tel: +1 514-977-4621

Microsoft Contact:

Wemba Opota
Artificial Intelligence Enterprise Solutions Lead
Microsoft Canada

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f6fe86db-d907-4a63-bb7f-40269ed1a308

Nasdaq Ventures Invests in Automated Financial Crime Investigations Firm Caspian

Investment bolsters Nasdaq Ventures portfolio of tech innovators; Caspian to expand AML offerings in partnership with Nasdaq

NEW YORK, June 04, 2020 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) announced today that its investment arm, Nasdaq Ventures, has taken a minority stake in the UK-based financial crime investigation automation company Caspian. In addition, Nasdaq’s Market Technology business has forged a partnership with Caspian to support the growth of the business within the Financial Crime business verticals.

With this additional funding, Caspian, an industry leader in automated AML (anti-money laundering) investigation technology, will accelerate its product expansion and scale of its award-winning platform, AML Investigator. Nasdaq’s leading position in financial crime will accelerate Caspian’s go-to-market, with the company’s expertise supporting growth at scale. Further, the two companies will look for additional opportunities to synergize R&D efforts to advance developments in combating financial crime in the global financial services industry.

“Investing in technology disruptors like Caspian that align with our business interests in improving the transparency of markets everywhere is one of the core objectives for our venture efforts,” said Gary Offner, Head of Nasdaq Ventures. “One feature that is critical to the health and integrity of the financial industry is detecting, mitigating and managing fraudulent and criminal behavior. Caspian has been at the forefront of this process through its forward-thinking technology leadership and we believe their offering greatly improves the regtech ecosystem for banks and regulators, and ultimately the consumer. We are excited to align our investment interests with our business mission to jointly strengthen the fight against financial crime through our collaboration with Caspian.”

“Caspian’s proven solution solves a huge pain point in the industry, dramatically increasing analyst productivity and resulting in meaningful cost-savings for bank compliance teams,” said Chris Brannigan, CEO, Caspian, “Our machine learning technology is validated through production use at global financial institutions, making risk decisions that are fully explainable and regulator friendly. Through the investment and partnership with Nasdaq we are excited to expand our offering at a global scale.”

The terms of the investment were not disclosed.

Nasdaq’s world-leading market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

About Caspian

Caspian automated investigation technology harnesses machine learning with human expertise to help global banks fight money laundering and financial crime. Their platform delivers proven investigation consistency and efficiencies whilst placing the explanation of decisions and regulator integrity at its core. To learn more about the company and career opportunities, visit www.caspian.co.uk or follow LinkedIn and @Caspian_uk.


Media Contacts


Ryan Wells
Mobile: +1 646 648 3887

Yan-yan Tong
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Streamline COVID-19 data management via single portal service: Jokowi

Jakarta President Joko Widodo (Jokowi) called to streamline COVID-19 related data to be more organized and channeled through a single portal service to simplify policy and decision-making processes.

“With regard to the data portal, as I said during the limited meeting on Tuesday, the management of this data should be improved,” he remarked at a virtual limited meeting on acceleration of handling of the COVID-19 pandemic from the Merdeka Palace in Jakarta, Thursday.

The head of state suggested that there exist one portal for data as the focus of all related parties to expedite the handling of the COVID-19 pandemic.

Thus, reports can be submitted in real time, from the laboratories, Task Force, and different regions in the country.

“Hence, the decisions and policies that are made can be right and accurate. I would like to once again call for (the placement of data) on one platform,” he emphasized.

Moreover, the head of state called to prioritize areas with high infection rates, including East Java, South Sulawesi, and South Kalimantan.

“This should be the focus, so that the spread can be stemmed,” he noted.

Until Wednesday, June 3, East Java Province recorded an increase of 183 COVID-19 positive patients, bringing the total number of confirmed cases to 5,318.

In South Sulawesi, 38 new cases were confirmed, with the number of COVID-19 positive cases climbing to 1,668.

In South Kalimantan, 64 new cases were confirmed, thereby bringing the total number of COVID-19 positive cases to 1,033.


Source: Antara News