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Archive for July 5th, 2011

Fighting Corruption — Nihal Sri Ameresekere Releases 6 Explosive Books

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2011-07-01 17:00 


COLOMBO, Sri Lanka, July 1, 2011/PRNewswire-Asia/ — Reputed professional and public interest activist, Nihal Sri Ameresekere (FCA, FCMA, CMA, CFE), of Consultants 21 (Publications) Ltd. has authored and released internationally 6 explosive Books, published by AuthorHOUSE US, shockingly revealing real case studies, in combating corruption, fraud and economic crime, involving major international players:

1.”IMF, World Bank & ADB Agenda on Privatisation – Sri Lanka Insurance Privatisation, handled by PricewaterhouseCoopers and Ernst & Young – Annulled as Unlawful & Illegal by Supreme Court” — Author reveals absence of law enforcement, disclosing also the conduct of Chamber of Commerce and Chartered Accountants’ Institute

2.”Transparency & Public Accountability – Fiscal Mismanagement & Lack of Public Accountability – Case Study – Sri Lanka, a Country under the Purview of IMF, World Bank, ADB” — Author deals with Constitutional mandates and social contract, rule of law and Attorney General and judiciary

3.”Derivative / Hedging Deals by Citibank, USA, Standard Chartered Bank, UK, Deutsche Bank, Germany, with Sri Lanka Government’s Petroleum Corporation – Dubious & Illegal?” — Author deals with unequal treatment before the law, raising issues of contempt of court and judicial bias

4.”Colombo Hilton Hotel Construction – Fraud on Sri Lanka Government – Sri Lanka’s First Derivative Action in Law” — (Reported in Commonwealth Law Reports 1992) involving Mitsui & Co. Ltd., Taisei Corporation and Yozo Shibata Associates Architects, all of Japan, with KPMG Ford Rhodes Thornton & Co., as Auditors

5.”IMF, World Bank & ADB Agenda on Privatisation – Colombo Port Bunkering Privatisation – Annulled as Illegal & Fraudulent by Supreme Court” – involving UN Global Compact Company — Author reveals the subsequent Judgments of a 7 Judge Supreme Court Bench, shockingly disclosing 2 material pages of a dissenting Judgment having been deleted by cannibalization

6.”IMF, World Bank & ADB Agenda on Privatisation – Pillage of the Plantations in Sri Lanka” — Author deals with absence of accountability and rule of law

Author emphasizes that ‘economic terrorism’ germinates ‘armed terrorism’, resulting in the violation of human rights. “Concerns of humanity, transcends interests of nationality”, propounds the Author. Poverty alleviation schemes merely replace, at the cost of the poor, their own resources pillaged and plundered by socio-politically influential.

Books are available from Publishers, AuthorHOUSE US & UK,, and internationally from leading E-Retailers

More Info :


SOURCE Consultants 21 (Publications) Ltd.

Written by asiafreshnews

July 5, 2011 at 2:43 pm

Posted in Uncategorized

Asian Risk Management Sector Set to Feel the Impact of Global Regulatory Changes

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2011-06-29 11:00 


SINGAPORE, June 29, 2011 /PRNewswire-Asia/ — A survey with 3,300 investment performance and risk management professionals showed that 64.7 percent of the respondents face a challenge in performance measurement & attribution for alternative investments.

Almost half of the respondents polled also feel that risk management for alternative investments is another hurdle that they are facing at the moment.

But just in case this is not shocking yet, the most surprising finding from the survey was that 79.4 percent of respondents polled believed that regulatory changes in the United States and Europe will affect the risk management sector in Asia.

And that is not all. 82.4 percent of these professionals insist that there is a need to upgrade the current systems for performance and risk management.

Investment Performance Analysis and Risk Management (IPARM) has established itself as the industry’s must-attend meeting after successfully bringing together risk and performance practitioners from across Asia over the past years.  This event focuses on the current issues and latest strategies for performance and risk management dedicated to asset/fund managers, institutional investors, insurance companies and private banks.

IPARM Southeast Asia 2011 (August 15 – 18 2011, Singapore) is dedicated to gather all the key players from the region for another convention filled with intensive discussions and knowledge sharing that will equip participants with all the necessary information for successful performance and risk management ahead.

Log on to for more details on this event. Interested parties can also register by emailing to or calling on (65) 67226388.

Press and media please contact:

Maria Andersson
Tel: +65-6722-9404

Bryan Camoens
IQPC Worldwide
Tel: +65-6722-9406


SOURCE International Quality & Productivity Centre (IQPC)

Written by asiafreshnews

July 5, 2011 at 2:15 pm

Posted in Business & Finance

Saxo Bank Named Best Forex Broker in Northern Europe and Best White Label Solution Provider

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2011-07-04 16:00 


SINGAPORE, July 4, 2011 /PRNewswire-Asia/ — Saxo Capital Markets’ parent company, Saxo Bank, has been named “Best Forex Broker in Northern Europe” and “Best White Label Solution Provider” in the World Finance Foreign Exchange Awards 2011. This accolade acknowledges the Saxo Bank Group’s position as an established FX house and its leading role in the foreign exchange market.

Kim Fournais and Lars Seier Christensen, founders and co-CEOs of Saxo Bank, said in a joint statement: “We are delighted that Saxo Bank has won these two awards. Modern traders and investors demand usability, mobility, performance, and service when executing online trades, all of which we will continue to provide our clients with.”

The Saxo Bank Group is renowned for aggregating liquidity from the world’s leading FX dealers, facilitates Forex trading on three different online platforms, covering the needs of those who are new to the Forex markets as well as professional investors who demand a wide selection of trading instruments and a variety of product types for multi-asset portfolio creation.

Years of experience in the online trading business and accumulated knowledge of the markets as well as the needs of clients translates into a proven success formula for Saxo’s completely scalable White Label solutions. The solution is built around a customised version of the Group’s award-winning platform and then branded under the White Label Client’s name.

The World Finance Awards are chosen by an expert panel. They identify industry leaders, individuals, teams and organisations that represent the benchmark of achievement and best practice in the financial and business world. Now in their fourth year, the awards reflect a wider spectrum of financial services and related industries than ever before.


Saxo Capital Markets Pte. Ltd. (“Saxo Capital Markets”) is licensed as a Capital Market Services provider and an Exempt Financial Advisor, and is supervised by the Monetary Authority of Singapore.

You should carefully consider whether trading in leveraged products is appropriate for you in the light of your financial circumstances. You should be aware that dealing in products that are highly leveraged carry significantly greater risk than non-geared investments such as share trading. As such, you could both gain and lose large amounts of money. You may sustain losses in excess of the moneys you initially deposit and also in excess of the margin required to establish and maintain any positions in leveraged products.

For further information, please see:

About Saxo Capital Markets

Saxo Capital Markets Pte Ltd is a wholly-owned subsidiary of Saxo Bank A/S, the Copenhagen-headquartered online trading and investment specialist. It serves as the Asia Pacific headquarters and holds a Capital Markets Services license from the Monetary Authority of Singapore. Saxo Capital Markets also holds a Commodity Broker licence from The International Enterprise Singapore.

Clients can trade Forex, CFDs, Stocks, Futures, Options and other derivatives via SaxoWebTrader and SaxoTrader, its leading multi-asset online trading platforms.

SaxoTrader is available directly through Saxo Capital Markets or through one of its institutional clients. White labelling is a significant business area for Saxo Capital Markets, and involves customising and branding of its online trading platform for other financial institutions and brokers.

In 2010, Saxo Bank was awarded “Best Online Trading Platform” by Shares magazine. The Institutional arm of the business also won “Best White Label Solution Provider” by World Finance and “Best Re-labeling Platform” by Profit and Loss.

For more information, please visit

Media contacts:

Saxo Capital Markets Pte Ltd
Celeste Fong


SOURCE Saxo Capital Markets Pte Ltd

Written by asiafreshnews

July 5, 2011 at 11:06 am

Posted in Business & Finance

Marex Spectron Group to Acquire Global Markets Division from Eden Financial

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PRNewswire-Asia/ — Marex Spectron Group (“Marex Spectron”) has agreed to acquire the Global Markets Division of Eden Financial Limited (“Eden”) in a transaction that is expected to complete on or soon after 29 July 2011. Following the transaction, Eden will concentrate its activities on its expanding private client and asset management division.

Marex Spectron has a leading position in On-Exchange metals, energy and agricultural products and Over-the-Counter energy markets. The acquisition of Eden’s Global Markets Division adds greater depth to Marex Spectron’s financial products, complementing its financial futures and foreign exchange businesses. In particular, the Global Markets Division adds non-derivative products, including European cash equities and fixed income to Marex Spectron’s capabilities, providing clients with unrivalled access to an expanded offer across a wide range of asset classes.

Following completion of the acquisition, David Bearman, CEO of Eden and Bruce Froud, Managing Director and Head of Global Markets, will join Marex Spectron together with the Global Markets team of 40 people.

Roger Nagioff, CEO of Marex Spectron and co-founder of the JRJ Group said: “This transaction is another important step forward for Marex Spectron. Over the past number of years, Eden’s Global Markets Division has established a strong reputation for high quality and discrete execution services. The new combined business will enable us to offer clients a much broader product range to complement our position as the world’s largest privately owned commodities broker. We look forward to our new colleagues joining us to help drive the business forward.”

Stephen Massey, Executive Chairman of Eden Financial said: “Eden has made a strategic decision to focus on our private client and asset management capabilities. We have significant growth ambitions to build on the success of our well-established private client division and develop an exemplary asset management business. In Marex Spectron we have found an excellent home for our Global Markets Division which will enhance this valuable franchise. We wish our colleagues and the Marex Spectron team all the best in their future endeavours.”

Notes to Editors:

Marex Spectron Group

Marex Spectron Group was formed following the acquisition of Spectron by Marex in March 2011. It is the world’s largest privately owned commodities broker, with a market-leading position in On-Market metals, energy and agricultural products and Over-the-Counter energy markets. The Group also offers clients financial futures and foreign exchange broking. Clients include commodity producers and consumers, banks, brokers, CTAs, hedge funds and professional traders. Marex Spectron Group is a member of the London Metal Exchange, the CME Group exchanges, ICE US, NYSE Liffe, ICE Futures and Eurex, and offers access to all major exchanges in the US and Asia.

The Group is headquartered in London, with offices across the USA, Asia and Europe. Its subsidiaries are regulated by the Financial Services Authority in the UK, the National Futures Association in the US and the Securities and Futures Commission in Hong Kong.

Marex Spectron Group is majority owned by JRJ Group and its partners, Trilantic Capital Partners and BXR Group.

For further information, please visit .

Eden Financial Limited

Privately owned and based in the City of London, Eden has two business divisions. The private client and asset management division offers asset management, investment advisory services and financial planning for private clients, intermediaries, charities and institutions.

Eden’s Global Markets Division is a leading equities and fixed income broker delivering execution services to more than 250 clients comprising investment banks, hedge funds and global money managers. The business is solely focused on providing high quality execution, combining the best of smart order routing and algorithmic trading with high touch expertise from its team of dedicated traders. The division offers specialist execution capabilities in event driven, programme trading and equity finance. Eden was one of the first firms in London to recognise the importance of independent research. The division supplies independent research consultancy services combined with full CSA trade execution and administration to a wide range of hedge funds and institutional clients. Eden Financial Limited is authorised and regulated by the Financial Services Authority.

Written by asiafreshnews

July 5, 2011 at 10:36 am

Posted in Uncategorized