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Archive for August 29th, 2011

Singapore’s a New One-Stop Website for Motorists

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2011-08-25 17:37 

 

SINGAPORE, Aug. 25, 2011 /PRNewswire-Asia/ — A new handy website that brings motorists all the latest news on cars, safe driving, car insurance and much more has been launched in Singapore.

This unique one-stop sharing platform will arm motorists with all the information they need to stay safe on our roads. It will also provide details about driving on the right side of the law as well as related topics that have been hotly debated in the local news such as the effects of driving distractions, cell phone usage and drink driving.

The mysterious world of car insurance in Singapore will be explained with a promise to its readers not to use any insurance jargon. It will also be giving the heads up about what to expect from various garages and workshops around the island.

The website is the brainchild of Singapore online insurance company DirectAsia.com. It is part of the company’s initiative to increase public awareness on road safety.

Simon Birch, CEO of DirectAsia.com, said: “In line with the DirectAsia.com core values, we hope to ignite a conversation within the driving community with regards to improving safety on our roads. As a parent of young kids this is a cause that is very close to my heart. We also wanted to produce a website that offered everything about motoring in Singapore under one portal. At the moment that doesn’t really exist.”

For more details log onto www.car-insurance.sg

About DirectAsia.com

DirectAsia.com is a new and innovative direct online insurance provider that began operations in June 2010. As a dedicated direct personal lines insurer, DirectAsia.com provides fast and easy access to insurance needs online. Fully licensed and regulated by the Monetary Authority of Singapore, DirectAsia.com provides car, travel, home and personal accident insurance through our online website – DirectAsia.com, over the phone and its customer service centre in the CBD. DirectAsia.com is fully owned by Whittington Group, an international insurance investment business headquartered in Singapore, and is reinsured by Munich Re, one of the world’s leading reinsurers.

For media queries, please contact:

Rachelle Lee
Marketing Manager
Mobile: +65-9138-6138
Tel: +65-6603-3676
Email: rachelle@directasia.com

 

SOURCE DirectAsia.com

Written by asiafreshnews

August 29, 2011 at 1:44 pm

Posted in Business & Finance

Saxo Bank Announces New Shareholder

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2011-08-25 17:02 

SINGAPORE, Aug. 25, 2011 /PRNewswire-Asia/ — The parent company of Saxo Capital Markets, Saxo Bank, is pleased to announce that TPG Capital, one of the world’s leading investment firms, will become a major shareholder in Saxo Bank.

Following a purchase agreement signed yesterday, a TPG Capital affiliate will acquire a 30% stake in the Company (along with an option to increase its stake to 40%) from existing investors, including General Atlantic, a global growth investor and Banco Espirito Santo, a leading Portuguese bank, amongst others. The founders, Kim Fournais and Lars Seier Christensen will retain majority ownership and continue in their roles as CEOs, also in the event that TPG Capital exercises its option to acquire 40%. TPG Capital’s investment is subject to customary regulatory and competition authority approvals.

General Atlantic invested in Saxo Bank in 2005 and both Espirito Santo Financial Group and Banco Espirito Santo invested in Saxo Bank in 2008. Banco Espirito Santo will continue to build the commercial cooperation that the bank has had with Saxo Bank since 2008, namely through Banco BEST that is owned by both entities.

Kim Fournais and Lars Seier Christensen, founders, CEOs and majority shareholders in Saxo Bank said in a joint statement:

“We are delighted to welcome one of the world’s leading investment firms as a major shareholder and business partner. This new phase in Saxo Bank’s growth stems from the strong foundation built with the support from our selling shareholders, who have shared in our success to date.  We remain enthusiastic about Saxo Bank’s future and look forward to working with TPG Capital to capitalise on the many opportunities ahead.”

Asiff Hirji, Partner at TPG Capital said:

“Saxo Bank has achieved impressive growth and we look forward to supporting the future diversification strategy. TPG Capital has a strong track record of investing in and growing financial services businesses, particularly those seeking further expansion in emerging markets, where we see tremendous opportunities for Saxo Bank.  We look forward to working with its two founders and CEOs.”

Bill Ford, CEO of General Atlantic and Ricardo Salgado, CEO of Banco Espirito said in a joint statement:

“We have been pleased with our partnership with Saxo Bank over the last several years and consider this a very successful investment.”

Disclaimer:

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:

http://sg.saxomarkets.com/about-us/general-disclaimer

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.

Saxo’s position as an established FX house and its leading role in the foreign exchange market has been recognised by the industry’s leading reviews. In 2011, the Saxo Bank Group picked up six awards at the Euromoney annual FX survey for the following categories: Best Improved Overall Market Share by Volume ($10bn – $25bn) and ($5bn – $10bn), Best Speed of Execution, Best Research and Analytics, Best Effective Risk Management and Execution Strategies and Best Integrated Workflow and Compliance Solutions. Saxo Bank was also named “Best Forex Broker in Northern Europe” and “Best White Label Solution Provider” in the World Finance Foreign Exchange Awards 2011.

For more information, please visit www.saxomarkets.com.sg

About TPG Capital

TPG Capital is the global buyout group of TPG, a leading private investment firm founded in 1992, with $48 billion of assets under management and offices in Beijing, Fort Worth, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, San Francisco, Shanghai, Singapore and Tokyo.  TPG Capital has deep global financial services expertise with investments that have included Bank Thai, BTPN, Fidelity National Information Services, Korea First Bank, LPL Financial Services, Shenzhen Development Bank, Shriram City Union Finance and Taishin Holdings, among others.  The Firm also has extensive technology experience with investments that have included Aptina, Hotwire, Intergraph, Lenovo, MEMC, Sabre Holdings, Seagate, SunGard, and Vertafore, among others.

Media contacts:

Saxo Capital Markets Pte Ltd
Celeste Fong
+65-6303-7713
xcfo@saxomarkets.com.sg

 

SOURCE Saxo Capital Markets

Written by asiafreshnews

August 29, 2011 at 10:49 am

Posted in Business & Finance