GenTwo Continues Growth Story, New Inflows of Over US$1 Billion ACN Newswire

GenTwo Continues Growth Story, New Inflows of Over US$1 Billion

ZURICH, SWITZERLAND, Feb 1, 2023 - (ACN Newswire via SEAPRWire.com) - The international securitization specialist GenTwo celebrates its 5th anniversary and looks back on a fast-paced development. In 2022 the number of new products increased by 60% and international business doubled. The business momentum of GenTwo and its subsidiary GenTwo Digital has progressively picked up since the company was founded 5 years ago in February 2018. The products issued on its platform recorded over USD 1 billion in new inflows, resulting in a surge in assets under services growth to USD 2.5 billion as of today, despite the challenging market environment in 2022. The number of new products increased by 60% to a total of 900. This impressive growth underpins the ongoing high level of interest in alternative and digital investments among institutional clients around the world and Gen Two's expertise to provide flexible portfolio structuring for investors. "We were able to broaden our customer base once again in 2022 nationally and are currently servicing clients in over 25 countries. The number of clients grew by almost 50%, even 100% on an international level," says Philippe A. Naegeli,Co-Founder, and CEO. This success is also based on a solidly developed and diverse workforce with an above-the-industry F/M gender ratio of 35:65, with 21 nationalities, totaling up to 70 employees. Patrick Loepfe, Founder and Chairman of the Board says, "A 2022 highlight was the extension of the offering for financial intermediaries to retail investors. This move will transform the market for alternative and digital investment products and marks another pioneering achievement for GenTwo." The main focus of 2023 remains on the continuous improvement and build-out of the service platform and its further digitization and client-centric automation. Additionally, the company pursues its international growth strategy by further internationalizing its customer base, onboarding more financial institutions onto its platform, and growing its ecosystem for investors and innovators.About GenTwo and GenTwo Digital Zurich-based innovative securitization specialist GenTwo has invented a new generation of financial products. The company creates securitization platforms for asset managers, banks, family offices and venture capital investors, enabling professional investors to easily invest in bankable and previously non-bankable assets. The focus on off-balance sheet investment products solves the problem of declining margins and growth barriers for many financial market participants. New performance potential emerges through granting access to a theoretically unlimited world of asset classes. Institutional investors can use GenTwo's securitization solution to realize their own product and business innovations, to make any type of assets investable and to help shape new, sustainable markets. Private investors in Switzerland can now also benefit from these innovative products via their financial intermediaries, thereby giving GenTwo the opportunity to open and expand its customer base to retail investors.About GenTwo Digital GenTwo Digital is based in Crypto Valley in Zug, Switzerland. The subsidiary of GenTwo enables professional investors around the world, and now also private investors in Switzerland, to securitize all digital assets, including crypto assets, in securities on the traditional financial market via their financial intermediaries. www.GenTwo.comContact GenTwo Simone C. Drill Chief Marketing & Communication Officer media@gentwo.com +41 79 207 33 49 Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Eisai Commences Business Activities at New Pharma Sales Subsidiary in Israel JCN Newswire

Eisai Commences Business Activities at New Pharma Sales Subsidiary in Israel

TOKYO, Jan 19, 2023 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. announced today that fully-fledged operations and business activities have begun at Eisai Israel Ltd., a pharmaceutical sales subsidiary recently established in Tel Aviv in the State of Israel (Israel). Eisai Israel is a wholly-owned subsidiary of Eisai's European regional headquarters, Eisai Europe Ltd.Israel's pharmaceutical market reached 5.3 billion USD in 2021.1 The compound annual growth rate of the Israel pharmaceutical market from 2018 to 2021 was +8.56%1 and the market is expected to continue to grow steadily, with a high penetration rate of innovative medicines.In 2011, Eisai Europe started business in Israel marketing and selling Eisai products through local distribution partners, and mainly marketed Lenvima, Halaven, Fycompa and Inovelon. Eisai Israel was established in August 2021, and in January 2023, became the marketing authorization holder of the Eisai products in Israel. Eisai Israel will now perform sales and marketing activities for these products. The company plans to launch its other global brands in the future.With the commencement of operations at Eisai Israel, Eisai aims to utilize its own drug sales system in Israel, deliver innovative new drugs to more patients in Israel as quickly as possible, and contribute to improving the benefits of patients and their families. Media Inquiries:Public Relations Department,Eisai Co., Ltd.+81-(0)3-3817-5120 Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
More
Aneka Jaringan and Samaiden Join Forces to Tap Solar PV Potential in Indonesia ACN Newswire

Aneka Jaringan and Samaiden Join Forces to Tap Solar PV Potential in Indonesia

KUALA LUMPUR, Aug 2, 2022 - (ACN Newswire via SEAPRWire.com) - Aneka Jaringan Holdings Berhad and Samaiden Group Berhad has entered into a joint venture (JV) agreement today, which will create new revenue streams for both companies via engineering, procurement, construction & commissioning (EPCC) of solar photovoltaic (PV) systems and power plants in Indonesia.Aneka Jaringan's Managing Director, Pang Tse Fui and Samaiden's Group Managing Director Ir. Chow Pui Hee [L-R]This JV provides Samaiden access to the Indonesian market and allows Aneka Jaringan which already has a presence in Indonesia via its subsidiary, PT Aneka Jaringan Indonesia, to add to its value chain in a fast-growing segment.Indonesia's renewable energy (RE) sector holds promising potential. As Southeast Asia's largest economy and with an increasing energy demand due to its rapid development, it accounts for 40% of the energy consumption in this region. As committed to the Paris Agreement, Indonesia wants to achieve net-zero emissions by 2060 or sooner. It has pledged to reduce its national carbon dioxide emission by 29% within the next decade and committed to scaling up clean power and transitioning away from coal. In line with this, Indonesia targets to have 23% of the national energy source to be RE by 2025 from the current 12%.The country's Ministry of Investment has highlighted that Indonesia has 97 RE projects in the pipeline worth USD12 billion. With efforts underway by Indonesia to remove entry barriers for renewables, the prospects are attractive for the RE sector, in particular solar PV systems, a clean energy technology that can be deployed rapidly in the sunshine-rich country.The JV puts both companies in a strategic position to capitalise on the opportunities presented by Indonesia's commitment to RE. In addition to EPCC of solar PV, the JV will provide RE and environmental consulting services, operations and maintenance (O&M) services and built-own-operate-tranfer RE facilities.A JV company with a proposed authorised capital of IDR10.1 billion (RM3.03 million/USD0.71 million) will be incorporated in Indonesia for this purpose. The incorporation of the new JV company is scheduled to be completed by the end of August 2022 in Jakarta.Aneka Jaringan together with its subsidiary, PT Aneka and Samaiden will hold 45% and 50% stake respectively in the JV company. The remainder shall be subscribed by Aneka Jaringan's business partner based in Indonesia.Commenting on the JV, Aneka Jaringan's Managing Director, Mr Pang Tse Fui said, "This JV is in line with our growth strategy of expanding our operations in Indonesia and increasing our revenue streams. Our new Jakarta office is nearing completion, ready to welcome a new JV company and this will enable them to hit the ground running to tap into Indonesia's 400,000 megawatt (MW) solar power potential. We are pleased to partner with Samaiden via this JV company which is expected to strengthen Aneka Jaringan's value chain and business resilience while contributing to Indonesia's carbon neutrality goal."Ir. Chow Pui Hee, the Group Managing Director of Samaiden echoed these sentiments. "Indonesia presents great potential in an area of Samaiden's expertise - RE, in particular solar PV systems. We perceive Aneka Jaringan through its Indonesian subsidiary, as a perfect partner who has the local knowledge, network and experience that can expedite and support our geographical expansion. With over 200 completed projects under our belt, we are committed to provide our best solutions to support Indonesia's net-zero ambition."Samaiden is an RE award-winning company listed on the ACE Market of Bursa Malaysia Securities Berhad. It has a proven track record in Large Scale Solar (LSS) projects, winning the ASEAN Energy Award 2017.Aneka Jaringan is also listed on the ACE Market of Bursa Securities and has over two decades of experience in basement and foundation construction. Its subsidiary, PT Aneka, based in Jakarta, is the first regional office of Aneka Jaringan Group, and has proven steadfast growth since its establishment in 2014.Aneka Jaringan Holdings Berhad: 226 [BURSA: ANEKA], http://www.anekajaringan.com/Samaiden Group Berhad: 223 [BURSA: SAMAIDEN], https://samaiden.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More