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BALTIMORE, Jan. 14, 2025 /PRNewswire/ -- Brown Advisory, an independent investment management and strategic advisory firm, today announced the next step in its leadership, with the creation of a Co-Chief Executive Officer structure. Effective immediately, Mike Hankin and Logie Fitzwilliams will share chief executive responsibilities. Mike Hankin has served as the sole CEO and President since the firm became private and independent in 1998. Logie Fitzwilliams started with Brown Advisory in 2003 and has most recently served as the Head of International Business and Global Head of Sales. Together, the firm's independent Board of Directors and Mike Hankin decided that a Co-CEO structure would be the best design to provide the leadership needed to meet the growing needs of the firm's clients, colleagues and shareholders. As a team, Mike and Logie, who have worked closely together for the last 15 years, will deepen the firm's partnership and collaborative culture to drive results for all stakeholders. This evolution represents the most significant change in Brown Advisory's leadership since the firm adopted its current private, independent structure in 1998. As Co-CEOs – and Co-Presidents – both Mike and Logie will serve on, and report to, the Board that governs the firm. Mike Hankin stated, "I could not be more excited about this natural next step in the leadership of the firm. In the building of a global investment team and business to complement what we have been cultivating in the U.S., Logie has led with the qualities that we think make him the ideal person to share responsibility for leadership of the entire firm. He understands that to be truly client first, we need to be obsessively focused on listening to our clients in the U.S. and around the world. He understands that to build successful teams, we need to also listen to our colleagues. We need to make sure that our colleagues have the resources and training necessary to live up to our clients' expectations." He added, "Importantly, Logie and I share the existential commitment to Brown Advisory remaining a private and independent firm. Our ownership structure – where every single colleague owns equity in the firm alongside an important set of outside shareholders who provide critical advice and support – will remain the same; it is the structural backbone to being the client-first firm we aspire to be over generations." Logie Fitzwilliams noted, "It is a tremendous honor to join Mike in the leadership of Brown Advisory. Throughout my 22 years at the firm, I have been privileged to work with him closely and we have built a deep relationship that will serve as the foundation for our partnership as Co-CEOs. Most importantly, from the outset we have had a shared focus on investing for, advising and serving our clients at the highest possible level, and a common commitment to the future of Brown Advisory as a private, independent, entrepreneurial and nimble business." Bob Flanagan, Lead Director of the Brown Advisory Board, shared, "The process and thinking behind this decision was extensive, productive and always forward looking. We considered many options and scenarios to ensure that Brown Advisory had the best leadership in place for the present and future. Each of us believe that the firm, its clients and its colleagues will be best served with Mike and Logie acting as CEOs, together." Bea Hollond, Director and Chair of the firm's International Advisory Board, added, "Being based in the U.K., I have had the direct opportunity to work with and advise Logie on the firm's international business strategy. I have seen first-hand the incredible impact he has made for Brown Advisory and its clients. I know the Directors all share my excitement in welcoming Logie to the Board, and to seeing Mike and Logie work together as a team." Under Mike Hankin's leadership, the firm has grown from overseeing client assets of $2 billion in 1998 to now almost $170 billion – representing an annualized growth rate of 17%. Today, the firm's clients are served by nearly 1,000 colleagues located in 14 offices across the United States, a significant office in London and strategic bases in Frankfurt, Singapore and Tokyo. The firm's clients – a collection of individuals, families, nonprofits, charities, institutions and financial intermediaries – are located in 51 countries and in every U.S. state. Brown Advisory also manages meaningful fund platforms – private funds, mutual funds and now ETFs – in the U.S., as well as platforms outside of the U.S. in Ireland, Bermuda and the Cayman Islands. Over the past ten years, the firm's client-retention rate exceeds 98% through its commitment to deliver first-rate investment performance, thoughtful strategic advice and the highest level of service for clients. Quintin Ings-Chambers will take over as Head of the International Business. Quintin joined Brown Advisory in 2012 as Head of the firm's International Private Client and Charity business. He has over 25 years of investment industry experience. Prior to joining Brown Advisory, he served as an Investment Director at SG Hambros and as a Director in the private client and charity group of Baring Asset Management. Quintin will report into Logie Fitzwilliams. Logie Fitzwilliams and Mike Hankin About Brown Advisory Brown Advisory is an independent investment management and strategic advisory firm committed to providing its clients with a combination of investment performance, strategic advice and the highest level of service. Brown Advisory has been a private and independent firm since 1998. Today, the firm has more than 950 colleagues – each with an equity interest – serving private clients and institutions in over 50 countries from 18 offices globally and is responsible for approximately US$170 billion in assets for private and institutional clients and charities as of December 31, 2024. The firm's colleague equity ownership, experienced investment professionals and client-first culture help to make a material difference in the lives of its clients. For more information, please visit www.brownadvisory.com. Media Contacts Dukas Linden Public Relations (US) Cardew Group (International) Stephanie Dressler: +1 949 269 2535 Tom Allison: +44 7789 998 020 Email: brown@dlpr.com Tania Wild: +44 7425 536 90 Email: BrownAdvisory@cardewgroup.com
EXTON, Pa., / January 13, 2025 / – Frontage Holdings Corporation (SEHK stock code: 1521) announced on January 6 2025 that Dr. Abdul Mutlib has decided to step aside from his current role as CEO of the company to facilitate the Company’s leadership succession planning and that Chief Strategy Officer Dr. Wentao Zhang and President Dr. John Lin have been promoted to Co-CEOs of the company effective today. Going forward, Dr. Mutlib will assume an advisory role as the Chief Scientific and Strategy Officer, ensuring a smooth transition and business continuity. Dr. Mutlib will remain committed to Frontage for at least a year, advising and supporting the Frontage leadership team, contribute to Frontage’s growth plans across various business units, and participate in business development, especially in early drug discovery and development. Dr. Zhang has been a valued Frontage executive for nearly 4 years, following Frontage’s acquisition of Quintara Discovery, which Dr. Zhang founded in 2012. Likewise, Dr. Lin has been a core member of Frontage’s executive team for over 17 years, most recently serving as President of Frontage Laboratories, Inc. In announcing the promotions, Dr. Song Li, Executive Chairman on the Board, said, “Since its founding over 20 years ago, Frontage has been a remarkable and dynamic organization. We have continued to enjoy impressive growth in many areas during Abdul’s successful tenure as CEO and we are grateful for his vision and leadership over the past two years. I believe he has guided the company through a period that has presented some challenges to the CRO industry and, through his steady stewardship, has positioned us for ongoing success.” Dr. Li continued, “Wentao and John are incredibly talented leaders – each of them have proven track records of delivering impressive results for Frontage, while inspiring their colleagues at Frontage and our partners throughout the industry. They both have many years of executive-level experience and have been working closely with Abdul in preparation for assuming their new responsibilities as Co-CEOs. I respect Abdul’s decision to step aside from his role as CEO and I am thankful that he will be remaining with the organization as Chief Scientific and Strategy Officer – a role in which he will offer support to Wentao and John, while also offering guidance to the company in strategic and corporate development initiatives. As Co-CEOs, Wentao and John will have clearly delineated roles and responsibilities, and I believe their history of effective collaboration presents a unique leadership opportunity for Frontage. On behalf of the board of directors, it is my privilege to announce their elevation to their new roles.” In announcing his decision to step aside as CEO, Dr. Mutlib said, “As I approach my 65th birthday, the time is right for me to transition from day-to-day duties of actively managing the Frontage organization. Serving our clients, employees, and stockholders as CEO for the past 2 years has been an honor and privilege. The support of Frontage’s Board of Directors and Frontage’s extraordinary employees has helped us navigate through a challenging environment while delivering the impressive results that our clients have come to expect from us. I am looking forward to continuing to serve Frontage in my role as Chief Scientific and Strategy Officer, a role in which I will offer my full support to Wentao and John. I have complete confidence in their ability to lead Frontage into the future, and I congratulate them as my successors.” Dr. Zhang said, “I am honored to succeed Abdul as Frontage’s Co-CEO. He has demonstrated remarkable leadership for the company over the last 2 years. I am fortunate to continue to work with Abdul in my new role and am humbled by the confidence that Abdul, Song, the Frontage board of directors, and our dedicated employees have placed in me. My Co-CEO John and I have worked together for many years, and it is the honor of my business career to collaborate with him in leading our company.” Dr. Lin said, “I would like to express my thanks to Song and the board of directors for the opportunity to lead this outstanding organization with Wentao as Co-CEOs. Abdul has set an impressive example in leadership over the past two years, and I am grateful for the opportunity to continue to work with him. Wentao is a remarkable colleague, and we will endeavor to jointly lead Frontage with humility, integrity and care, as we maintain our focus on serving our customers, enhancing profitability and creating long-term value for all of our stakeholders.” About Frontage ( www.frontagelab.com ) Frontage Holdings Corp (1521.HK), together with its wholly owned subsidiaries including Frontage Laboratories, Inc., is a global Contract Research Organization (CRO) that provides integrated, science-driven, product development services from drug discovery to late-phase clinical process to enable biopharmaceutical companies to achieve their development goals.Comprehensive services include drug metabolism and pharmacokinetics, analytical testing and formulation development, preclinical and clinical trial material manufacturing, bioanalysis, preclinical safetyand toxicology assessment, and early-phase clinical studies. Frontage has enabled many biotechnology companies and leading pharmaceutical companies of varying sizes to advance a myriad of new molecules through development and to successfully file global regulatory submissions. For more details visit www.frontagelab.com.
- Donghyeon Kim, Co-Founder and CTO of Neurophet, to Take On Dual Role as CEO, Heading Technology and Company Leadership - Aims to Strategically Expand Business and Management Functions for Establishing a Strong Presence in Global Markets SEOUL, South Korea, Nov. 15, 2024 /PRNewswire/ -- Neurophet, an artificial intelligence (AI) solution company for brain disease, newly appointed Donghyeon Kim, who is currently CTO (Chief Technology Officer), to serve as Co-CEO. Donghyeon Kim, Co-Founder and now Co-CEO of Neurophet, established the company alongside Co-CEO Jake Junkil Been in 2016. He completed his master's degree in Information and Communications at the Gwangju Institute of Science and Technology (GIST) and earned a Ph.D. in Electrical, Electronic, and Computer Engineering. Kim developed the next-generation neuro-navigation system, which serves as the foundation of Neurophet's technology, and has overseen Neurophet's neuroimaging analysis as CTO for the past eight years. Kim holds approximately 100 patents in the fields of brain disease diagnosis, treatment, and analysis, and has published numerous papers in high-impact international journals such as SCI(E). Recognized for his contributions to the advancement of AI neuroimaging technology, he was awarded a commendation from the Ministry of Science and ICT last year and is currently serving as the section manager of AI division at Korea Medical Devices Industry Association Industry Development Committee. The appointment of Co-CEO has been decided to expand Neurophet's business development capabilities and carry out a strategic management approach. Co-CEO Jake Junkil Been will lead efforts in global expansion and market penetration, while Co-CEO Donghyeon Kim will drive research and development, ensuring both external growth and internal stability. This strengthened leadership is expected to accelerate Neurophet's path to a KOSDAQ listing in the biotech sector next year. Neurophet specializes in developing AI-based brain imaging analysis solutions and treatment medical devices. With the recent launch of "Neurophet AQUA AD," a solution designed to assess the side effects of Alzheimer's treatments, the company is positioned to advance as a global leader in medical innovation. Neurophet is also expanding its business reach through collaborations with leading pharmaceutical companies and active involvement in new drug development processes. Donghyeon Kim, Neurophet's Co-CEO, stated, "As Neurophet's business gains momentum, we plan to approach our objectives with enhanced strategic focus. I look forward to a promising future for Neurophet, working alongside Jake Been to make this vision a reality." Donghyeon Kim, Co-CEO of Neurophet About Neurophet Neurophet has specialized in developing solutions for diagnosis support, treatment guides, and treatment devices targeting brain diseases based on cutting-edge artificial intelligence (AI) technology. The company was founded in 2016 by Co-CEOs Jake Junkil Been and Donghyeon Kim, who developed the next-generation neuro-navigation system. Major products include brain MRI analysis software "Neurophet AQUA", brain PET image analysis (PET tracer deposition) software "Neurophet SCALE PET", brain imaging treatment planning software for electric and magnetic brain stimulation "Neurophet tES/TMS LAB". Neurophet has set its top priority to helping patients suffering from brain diseases. Based on expertise in neuroscience, Neurophet will continue to challenge and grow to explore the human brain's health and pioneer solutions for brain diseases with AI technology.
NEW YORK, Aug. 28, 2024 /PRNewswire/ -- Albert Gahfi, a proven enterprise-building Founder and CEO in the global FinTech and specialty financing sector, has been appointed to the prestigious Forbes Finance Council. This prestigious recognition highlights Gahfi's remarkable contributions to the industry and his exceptional leadership in shaping the innovative financial solutions that empower small and mid-sized businesses worldwide. As the Co-Founder and Managing Partner of Kings Cash Group, Gahfi oversaw its merger with an SEC-registered FinTech firm, fortifying its position as a market leader. His ventures extend further as the Co-Founder and CEO of NewCo Capital Group, Capytal.com, and NewCo Canada, where his strategic foresight has driven the successful expansion into international markets, including Australia, New Zealand and the United Kingdom through his involvement with Melbourne-based Bizcap. Gahfi's induction into the Forbes Finance Council highlights his exceptional skill in identifying, retaining, and empowering top talent within the multinational companies that he leads. Having a keen insight into human capital and partnership dynamics, Gahfi has fostered a culture of high-performing teams which have been instrumental in driving the success of the organization across five countries on three continents. Reflecting on his induction into the Forbes Finance Council, Gahfi remarked, "Being recognized by Forbes is an extraordinary honor that underscores the impact we've made in the financial sector. NewCo and Bizcap's achievements are a testament to our unwavering commitment to supporting small businesses while continuing to build innovative financial products and technologies. I am proud to be part of a community that is dedicated to excellence while supporting the growth of businesses across the globe." Under Gahfi's leadership, NewCo Capital Group has established itself as a preferred provider in the specialty financing space. His unique approach to risk assessment—integrating advanced technology with deep industry expertise—has enabled NewCo to deliver rapid funding decisions and deploy capital efficiently, even in challenging economic environments. Formed during the height of the global pandemic, NewCo (and companies) have not only sustained their profitability but also exceeded expectations, with a collective deployment of $1.5 billion globally and service to over 35,000 clients, the companies maintain a robust financial position and are uniquely positioned for continued growth. For more information on NewCo Capital Group and Albert Gahfi's ongoing work in the FinTech and financing space, visit www.NewCoCapitalGroup.com. Contact:NewCo Capital GroupEmail: Info@NewCoCapitalGroup.comWebsite: www.NewCoCapitalGroup.com About Albert Gahfi: Albert Gahfi is a renowned entrepreneur and leader in the FinTech and specialty financing industries. With a proven track record of building successful enterprises, Gahfi has co-founded and led multiple companies, including NewCo Capital Group and Capytal.com. His innovative approach to financing has revolutionized the way small and mid-sized businesses access capital, driving growth and success across the globe. About Forbes Finance Council: Forbes Finance Council is an invitation-only organization for senior-level executives in the finance industry. Members are recognized leaders and innovators in their fields, contributing insights and expertise to the broader financial community. Albert Gahfi CEO, NewCo Capital Group (USA) Co-CEO, Bizcap (AU, NZ & UK) Logo - https://mma.prnasia.com/media2/2489715/NewCo_Capital_Group_and_bizcap_Logo.jpg?p=medium600 Photo - https://mma.prnasia.com/media2/2489716/ALBERT__MEDIA_HEADSHOT.jpg?p=medium600
HONG KONG and SHANGHAI, July 1, 2024 /PRNewswire/ -- China's growing senior population is bringing tremendous business opportunities to the financial services industry, says Michael Guo, Co-CEO of Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318). The aging population has low awareness of the need to plan ahead financially for senior care, and senior care services in the China market are fragmented and lack unified standards, Mr. Guo said at Annual Meeting of the New Champions 2024 in Dalian, commonly called the "Summer Davos". Michael Guo (right), Co-CEO of Ping An Insurance (Group) Company of China, Ltd., and Professor Chenyang Wei (left), Research Fellow, Director of Finance MBA Education Center, and Director of the China Insurance and Pension Research Center, Tsinghua PBC School of Finance at the “Summer Davos” in Dalian, China. Ping An is taking a leadership role by building an "integrated finance + health and senior care" service system to provide professional financial advisory, family doctor and senior care concierge services. China is aging before becoming rich, Mr. Guo said. When China entered the phase of an aging society in 1999, the GDP per capita was only US$1,000. In comparison, when developed countries in Europe and the US encountered aging populations, their GDP per capita was approximately US$10,000, so they had stronger financial capacity to support senior care. Today, the challenge in China is that retirement replacement ratio is low and whilst there is lack of awareness of importance of financial planning for senior care. Demand growing for diversified and customized wealth and health services "As average life expectancy increases, people will attach greater importance to pensions and start planning earlier," Mr. Guo said. "The demand for capital preservation and appreciation, with the goal of building a 'personal pension reserve', will become the core demand of wealth management." China's insurance industry is aware of the market opportunities in wealth management for seniors and is working on designing "finance + senior care" products, he said. However, the product types are too generic. "Fulfilling the needs of seniors cannot be done by simply adding senior care products together, but should be a comprehensive solution, which is organically combined and adjusted to meet the customized demand of the seniors at different stages of their lifecycles," Mr. Guo said. For example, seniors who are relatively healthy may want more social interaction, travel, hobbies and learning, to maintain physical and mental health. Seniors with chronic diseases would require appropriate disease management, and for some, disability care services. China's senior care and healthcare services sector is still in its early stages. Challenges include service fragmentation, the uneven quality of services, processes, costs, and lack of unified standards and service monitoring systems. Seamless integration of financial products and senior care Ping An offers senior care insurance solutions that integrate healthcare and senior care services. This comprehensive service solution aims to meet the different demands of senior customers in health, medication for chronic diseases, and senior care. It includes financial products that offer insurance protection, wealth appreciation, wealth inheritance, and healthcare and senior care services, such as chronic disease management, health management, medical consultations and rehabilitation, residence security, guardianship and entertainment. "The strength of Ping An lies in its ability to integrate providers into a comprehensive senior care service platform that can meet customers' personalized needs," said Mr. Guo. With a base of 234 million retail customers, Ping An understands the needs of end-customers and possesses the purchasing power to select the best service providers and set standards in the market." Today in China, 90% of seniors choose home-based senior care. Ping An's home-based senior care services include Ping An Health's online diagnostic platform, which offers 24/7 treatment and consultation services. It has consolidated extensive offline healthcare service resources, including 100% coverage of the top 100 and 3A hospitals in China, nearly 50,000 in-house and contracted doctors, about 2,400 partner senior doctors, and 230,000 partner pharmacies. Integrating more than 100 suppliers, the in-home care offers a suite of 650 services and a 24/7 home-based concierge service in 54 cities, with more than 80,000 customers eligible for these benefits. Technological Empowerment of the Senior Care Industry "The entire financial insurance industry can leverage its own financial data and combine it with the senior care industry to accumulate data and continue to explore the empowering and enhancing the role of data and technology," Mr. Guo said. Technological empowerment plays an important role in Ping An's senior care strategy. For example, home-based senior care is supported by an artificial intelligence (AI)-driven concierge. Currently, AI has been fully implemented in 200 scenarios for online concierge customer interactions and support for human concierges. AI will offer further assistance to efficiently empower homecare workers and nurses, leading to greater efficiency and quality improvements. Another key aspect of technology in senior care is data application. Ping An possesses one of the world's largest healthcare databases, including a disease database, prescription database, drug database, doctor and hospital database, and personal health database. Data is sourced from public sources, including the National Health Commission, National Healthcare Security Administration, and National Medical Products Administration. The data has already been used in scenarios such as health insurance underwriting and claims and assisting users to find information on diseases, drugs, hospitals, and doctors. About Ping An Group Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services, Under the technology-driven "integrated finance + health and senior care" strategy, the Group provides professional "financial advisory, family doctor, and senior care concierge" services to its 234 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses' quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of 2023, Ping An had RMB11,583,417 million in total assets. The Group ranked 29th in the Forbes Global 2000 list in 2024 and 33rd in the Fortune Global 500 list in 2023. For more information, please visit www.group.pingan.com and follow us on LinkedIn - PING AN.
BANGKOK, April 26, 2024 /PRNewswire/ -- Money20/20, the world's leading fintech exhibition, took place in Bangkok, Thailand, from 23-25 April, 2024, bringing together thousands of innovative thinkers from the payment, fintech, and broader financial services industries to explore the latest trends, technologies, and strategies that are shaping the future of fintech and financial services. Tim Shen, Co-CEO of LianLian Global, was a featured speaker, alongside notables such as Tessa Wijaya, Co-Founder and COO of Xendit, Ling Wu, Founder and CEO of TBCASoft, and Tracy Prandi-Yuen, Vice President of Global Partnerships at Boku. They engaged in a robust discussion on the intricacies of cross-border trade. Additionally, the head of Lianlian Hong Kong China and the head of International Financial Cooperation at LianLian Global contributed their views on the driving forces behind fintech innovations, emphasizing the enhancement of B2C and B2B multi-scenario payment and settlement solutions. Mr. Shen addressed the escalating challenges posed by global trade tensions and increased compliance scrutiny, emphasizing the critical role of compliance for cross-border businesses. He outlined the key benefits to customers of maintaining strict adherence to compliance rules: it serves as the cornerstone for ensuring transaction security, preventing the loss of individual assets, and shielding businesses from legal entanglements; it is crucial for establishing a good business reputation, which is helpful for obtaining the trust of customers and expanding business opportunities; and it provides a strong support for companies' global expansion efforts and mitigates their risk of facing international sanctions due to non-compliance. As of 30 September 2023, Lianlian had established a robust global portfolio of 64 payment licenses and related qualifications, and has served approximately 3.2 million merchants and businesses across a variety of industries, including e-commerce, services and manufacturing, spanning more than 100 countries and regions. Mr. Shen reiterated that Lianlian has always prioritized "Compliance First" and aims to become a leading digital payment solution provider with strong risk management capabilities. Capitalizing on the new opportunities brought about by digital globalization, Lianlian remains committed to leveraging scientific and technological innovation as its primary driving force. The company will continue to optimize and enhance its cross-border trade services and compliance systems to better serve its customers worldwide in an increasingly complex global trade environment. This, in turn, will spur the development of new productive capacities and advance the quality of foreign trade.
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