Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Posts Tagged ‘operating’

Catella establishes Catella Hospitality Europe – a specialized Asset Manager and Operating Partner

Posted by fidest press agency su mercoledì, 18 settembre 2019

Catella Property Investment Management establishes Catella Hospitality Europe (CHE), in partnership with Pierre-Louis Bellanger, Rodolphe Frégé and Maxime des Monstiers, in order to address the fast growing hotel investment market. The company will assist investors in sourcing, structuring and managing tailored hotel investment opportunities.The European hotel investment market keeps on growing thanks to excellent tourism fundamentals. Such positive dynamics have rallied real estate investors towards this attractive alternative asset class which offers higher yields and solid returns. However, those who seek to gain hotel exposure often lack in-house expertise. On their behalf, CHE will identify investment worthy opportunities and manage them, acting as operating partner, in order to optimize their return on investment.CHE will serve both Core and Value-Add investors with turnkey investment and asset management services. The scope of missions will range from stabilized assets monitoring up to turnaround including capex, rebranding and management optimizations. The team has a distinctive experience in maximizing investor’s value all along the holding period and can take direct control over operations.“Establishing the Catella Hospitality Europe (CHE) is a logical step in Catella’s strategy. Building a strong dedicated team for this segment is the key driver for success. Pierre-Louis, Rodolphe and Maxime bring us an unique sector competence in this field.” says Timo Nurminen, Head of Catella Property Investment Management.“It is great to join forces with Catella and benefit from its long-lasting relationship with most European Real Estate investors. The group’s focus on the development of Investment Management Platforms will enable us to work along country specialists present in 9 European countries. We will offer our hotel expertise to Real Estate investors willing to address one of the most promising asset class on today’s real estate market. We will follow the entrepreneurial mindset that has enabled the success of Catella’s teams around us.” say Pierre-Louis Bellanger, Rodolphe Frégé and Maxime des Monstiers, Co-founding Partners of Catella Hospitality Europe.

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Neustar Selected to Continue Operating

Posted by fidest press agency su venerdì, 19 luglio 2019

 

Neustar, a trusted, neutral provider of real-time information services, today announced that the U.S. Department of Commerce National Telecommunications and Information Administration (NTIA) has awarded the company the contract to continue operating the .US Top Level Domain (.US), the official country code domain of the United States, for up to 10 years, until 2029.Neustar has successfully administered this critical internet infrastructure since 2001, when the Department of Commerce selected the company to launch and manage the .US domain. Like the United States itself, .US was built on the ideals of innovation and inclusion. Among the world’s most stable and secure domains, .US is the web address of choice for anyone with a dream to chase, idea to share, cause to champion, or business to promote. With more than two million domain names under management, .US will continue to be supported by Neustar’s award-winning infrastructure, team and experience, which is continually advancing from ongoing investment and product innovation.
Neustar is one of the world’s largest global registry providers, with industry-leading DNS services, DDoS mitigation and IP Intelligence capabilities. In addition to .US, Neustar serves as the registry partner of choice for Colombia’s .CO domain, India’s .IN domain and New York City’s .NYC domain, and provides registry and DNS services to hundreds of other top-level domains for countries, cities and world leading brands. Neustar continues to invest heavily to ensure its infrastructure stays ahead of the fast-changing demands of the internet, including multimillion dollar investments to build the largest DDoS mitigation platform in the world, featuring SiteProtect Next Generation, which has 11.8 Tbps of scrubbing capacity, and continual investment to enhance its global DNS constellation of 30 nodes.

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LeaseQuery Adds Industry Veteran Joe Schab as Chief Operating Officer

Posted by fidest press agency su sabato, 8 giugno 2019

LeaseQuery, a leading provider of lease accounting software, has announced that Joe Schab has joined the company as Chief Operating Officer. Schab will be running day-to-day operations of the company as it continues its rapid growth and expansion.
Schab is a “serial operator,” having served founders, investors and entrepreneurs as their companies transitioned from startup to full-fledged, high-growth entities. Previously, Schab served as president of Cardlytics (CDLX), the leading purchase intelligence platform. There, he was responsible for the company’s operations, product, technology, and analytics functions. Schab also served as president of PlayOn Sports, and was Managing Director of LBi (now DigitasLBi).Schab will take responsibility for LeaseQuery’s software implementations, customer solutions, operations, finance, administrative and service organizations. Schab will be responsible for the alignment and prioritizations of LeaseQuery’s investments and ensuring operational excellence across the company.
Schab has a Master of Business Administration degree from the Goizueta School of Business at Emory University and a Bachelor of Science degree from Northeastern University.
LeaseQuery helps accountants and other finance professionals eliminate lease accounting errors through its CPA-approved lease accounting software. By providing specialized consulting services in addition to its software solution, LeaseQuery enables companies across all sectors to ensure compliance with the most comprehensive regulatory reform in 40 years. It is the first lease accounting software built by accountants for accountants.

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Biotech Proteintech Welcomes Jeff Lee as Chief Operating Officer

Posted by fidest press agency su giovedì, 8 novembre 2018

Proteintech, the benchmark in antibodies and proteins, welcomes Jeff Lee as the head of the operations and sales teams. In addition, he will be focusing on fostering new business opportunities. Jeff Lee comes to Proteintech with 28 years of experience in management and operational roles. At Thermo Fisher Scientific, he has served as Senior Director of Operations for the Clinical Diagnostic Division’s Contract & OEM business unit, General Manager in the Immunoassay Systems SBS and Global Operations Director for Thermo Fisher’s Protein Biology business. Prior to joining Thermo Fisher, Jeff held a variety of operational roles at 3M Company including project engineer, manufacturing operations supervisor, manufacturing manager, and is a six-sigma black belt. “Jeff Lee is an invaluable addition to Proteintech since his experience and knowledge in the market will enable Proteintech to better serve antibody-users globally,” says Proteintech CEO Jason Li. “His association with Pierce Protein Biotechnology has enabled him to have a wide knowledge of proteins. He knows the significance of the authentic glycosylated human protein and can help deliver Proteintech’s Humankine recombinant protein product line to the research, diagnostic and pharmaceutical markets.”“I have a clear understanding and deep appreciation for Proteintech’s excellence in antibody and protein production, technical support and customer service,” says new Proteintech COO Jeff Lee. “Proteintech offers a quality and unique antibody to their customers due to its commitment to selling only products made by its own scientists, a unique feat in the current antibody landscape.”Jeff has broad experience in manufacturing; international operations; project management; global supply chain; quality systems, including cGMP as an FDA-regulated manufacturer; and new product hand-off and scale-up. His previous role’s responsibility for the combined Thermo Fisher and legacy Life Technologies antibody-related business will help with the challenges in the integration of future acquisitions into Proteintech.

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Best’s Special Report: China’s Reinsurers Operating in an Increasingly Difficult Market

Posted by fidest press agency su martedì, 19 dicembre 2017

pechinoPechino, China is increasingly becoming a difficult environment for non-life reinsurers, as competition and the regulatory environment are adding to top-line and profitability pressures. The Chinese life reinsurance market, meanwhile, has doubled its premium size since 2012 but must deal with heightened capital pressure, according to a new A.M. Best special report.The Best’s Special Report, titled, “Reinsurance in China: Underwriting Challenges for Non-Life, Capital Pressure for Life,” states that many of the issues challenging non-life reinsurers have resulted from the implementation of the China Risk-Oriented Solvency System (C-ROSS). A glut of reinsurance capacity and growing retention by the direct industry pose clear threats to reinsurers’ profitability. In addition, the oligopolistic structure of the direct market gives large cedents more bargaining power not only on pricing, but also on terms and conditions, which has squeezed profit margins even further. For growth, non-life reinsurers are looking at Belt and Road initiatives and captive insurers, as well as potential business arising from the second phase of C-ROSS.According to the report, life and non-life reinsurers also need to be wary of potential competition from Hong Kong, as regulators there are working on a C-ROSS equivalence, which may allow Hong Kong reinsurers to be treated as onshore reinsurers in China. Although several years off, changes could attract new capital to the Hong Kong market as companies look to enter China’s reinsurance market.
Regulations and government policies will continue to play a large role in steering the direction of China’s reinsurance industry’s development, while also indirectly impacting reinsurance demand. As the market prepares for the second phase of C-ROSS, one task will be to further optimize the solvency regime and recalibrate insurance risk charges for health, motor and credit lines, which may further reshape the non-life reinsurance environment. On the life side, the market has entered a new stage of transformation. Whether financial reinsurance’s strong historical growth will continue is dependent on potential regulatory decisions and an increasingly competitive market environment. As regulators push the industry to refocus on protection and serve the real economy, protection reinsurance will grow, fueled by rapid growth in the direct market.A.M. Best believes that a talent shortage at a growing number of reinsurers and the need for a commensurate increase in salaries, even as profit margins decline, have contributed to the difficult operating environment for China’s reinsurers. However, the increased demand for talent is attracting non-state-owned or non-reinsurance background personnel to the industry, which could help make these traditionally conservative companies more commercialized and competitive.

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GlaxoSmithKline Encounters Initial Resistance Following Directional Shift, says GlobalData Analyst

Posted by fidest press agency su mercoledì, 11 febbraio 2015

londonLONDON, UK (GlobalData) Following a less than flattering financial performance in 2014, GlaxoSmithKline plc (GSK) is realigning its operating structure with its corporate objectives and cashing in on its assets in the process, as the company seeks to drive up external investments and deliver stronger shareholder returns in the long term, says an analyst with research and consulting firm GlobalData.Excluding divestments, GSK’s total revenue fell by 10% year-on-year while operating profits were down by 15% on a pro forma basis in 2014. While the growing strength of the pound sterling was largely to blame for lower revenues through the first three quarters of the year, a large proportion of the company’s decline was inorganic. Chloe Thornton, MSc, GlobalData’s Company Analyst, states that within its central pharmaceuticals business, GSK’s greatest growth resistor was by far its flagship respiratory franchise, which fell by 10% year-on-year to just over £6 billion ($9.8 billion), excluding currency impacts.Thornton explains: “GSK invested heavily in developing its respiratory pipeline, but the expectation that it could compensate for the imminent patent cliff facing Seretide/Advair appears optimistic.“Sales of Breo Ellipta came to £67 million ($106 million), while Anoro earned just £17 million ($27 million) in 2014, well short of GSK’s estimates.”In addition, a further 26 pharmaceutical products witnessed year-on-year declines through 2014, at a total loss of £1.2 billion ($1.9 billion).The analyst notes that despite the strong performance of GSK’s cancer therapeutics business, the company has agreed to divest its oncology assets to Novartis, while GSK is also considering divesting a share of its stake in its other best performing business, the ViiV Healthcare joint venture.Thornton continues: “The strength of GSK’s oncology portfolio against a backdrop of decline elsewhere across its pharma business somewhat calls into question the decision to trade these assets to Novartis.“However, the $16 billion capital boost GSK will derive from the deal when it is completed over the next few months should help to dispel those concerns, provided the company can proactively invest this capital in areas of high growth potential.”

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