Firms turn ‘home’ as protectionism bites

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Businesses are concerned about the cost of rising protectionism, yet are optimistic about their international business prospects, according to a new report from HSBC, ‘Navigator: Now, next and how for business.’ Of the 6,000 firms surveyed globally, three in five (61%) think governments are becoming more protective of their domestic economies. This sentiment is strongest among companies in MENA (70%), and Asia‐Pacific (68%). In the USA, 61% believe protectionism is on the rise, while in Europe, half (50%) are seeing a rise in protectionist tendencies. The majority of firms are looking to regional partners to develop trade opportunities, with almost three quarters (74%) of overseas trade in Europe and Asia‐Pacific being conducted within their ‘home’ region. This trend is set to continue with regional ties being prioritised in firms’ expansion plans for the next three to five years. Focusing on the impact of government policies, those designed to strengthen regional ties such as China’s ‘Belt and Road Initiative’ (40%) and ASEAN’s 2025 strategy (37%) were cited most frequently as having a positive impact on international business. Firms are focused on growth, with more than three in four (77%) businesses optimistic about their international business prospects, and expect the volume of trade to increase over the next 12 months. Reasons behind this confidence include an increase in demand for their products from consumers and businesses (33%), favourable economic conditions (31%) and the greater use of technology (22%) in driving growth. Noel Quinn, Chief Executive, Global Commercial Banking, HSBC, said: “Overall, companies are showing remarkable agility in navigating the changing trade policy landscape. They are getting on with adapting business plans, and relationships, to participate in shifting supply chains. Strategies include increasing regional trade, establishing joint ventures or local subsidiaries in more markets, and capitalising on trends in consumer demands and digital technologies.” “An increase in protectionist sentiment hasn’t hampered the optimism of firms globally, but is causing concern about the cost of doing cross-border trade and international business.” “By taking time to understand the emerging drivers and impediments to trade, business leaders can identify risks and opportunities, and make informed decisions for future growth.” Economic analysis supports the strength of business confidence, pointing to a 7% growth for trade values in 2018 (goods and services combined). Forecasts by Oxford Economics on behalf of HSBC show the economic indicators underpinning this estimate include an upturn in both investment and consumer demand, a weaker US dollar and recovery in the Eurozone. Media enquiries to: Auriane Potel +44 20 7991 0081 auriane.potel@hsbc.com Paul Smith +44 20 7991 4867

EXPECT THE UNEXPECTED

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More than just a pretty face, this all-new Lexus vehicle aims to radically transform the concept of comfort for luxury consumers all over the world. Witness its global debut in Beijing on April 25, 2018. #ExperienceAmazing

Apollo Announces Closing of $300 Million in Preferred Shares

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NEW YORK–(BUSINESS WIRE)–Mar. 19, 2018– Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”) today announced the closing of its previously announced offering of 6.375% Series B Preferred Shares (the “Series B Preferred Shares”) representing limited liability company interests with a liquidation preference of $25.00 per share. The offering amounted to 12,000,000 Series B Preferred Shares for gross proceeds of $300 million. Apollo intends to contribute the net proceeds from the sale of the Series B Preferred Shares for general corporate purposes to its indirect subsidiaries, Apollo Principal Holdings I, L.P., Apollo Principal Holdings II, L.P., Apollo Principal Holdings III, L.P., Apollo Principal Holdings IV, L.P., Apollo Principal Holdings V, L.P., Apollo Principal Holdings VI, L.P., Apollo Principal Holdings VII, L.P., Apollo Principal Holdings VIII, L.P., Apollo Principal Holdings IX, L.P., Apollo Principal Holdings X, L.P., Apollo Principal Holdings XI, LLC, Apollo Principal Holdings XII, L.P. and AMH Holdings (Cayman), L.P. Distributions on the Series B Preferred Shares, when and if declared by AGM Management, LLC, Apollo’s manager, will be paid quarterly and are non-cumulative. Apollo intends to list the Series B Preferred Shares on the NYSE under the ticker symbol “APO PR B”. BofA Merrill Lynch, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities acted as joint book-running managers for the offering, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co. LLC, J.P. Morgan, RBC Capital Marketsand US Bancorp acted as joint lead managers for the offering. This press release does not constitute an offer to sell or a solicitation of an offer to purchase the Series B Preferred Shares or any other securities, and does not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction. A shelf registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and has become effective. The offering may be made only by means of a prospectus supplement and an accompanying prospectus. A preliminary prospectus supplement and accompanying prospectus relating to the offering were filed with the SEC and are available on the SEC’s website at www.sec.gov. A copy of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained from (1) Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by phone at 1-800-294-1322 or by email at dg.prospectus_requests@baml.com, (2) Morgan Stanley & Co. LLC, 180 Varick Street, New York, NY 10014, Attention: Prospectus Department or by phone at 1-866-718-1649 or by email at prospectus@morganstanley.com, (3) UBS Securities LLC, 1285 Avenue of the Americas, New York, NY 10019, Attention: Prospectus Specialist or by phone at 1-888-827-7275 and (4) Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000,Minneapolis, MN 55402, Attention: WFS Customer Service or by phone at 1-800-645-3751 or by email at wfscustomerservice@wellsfargo.com. About Apollo Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of approximately $249 billion as of December 31, 2017 in private equity, credit and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. Forward Looking Statements This press release may contain forward looking statements with respect to Apollo that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, its liquidity and capital resources and the other non-historical statements contained herein. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in Apollo’s Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 12, 2018, as such factors may be updated from time to time in Apollo’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in other SEC filings. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of Apollo or any Apollo fund. Source: Apollo Global Management, LLC For investor inquiries regarding Apollo Global Management, please contact: Apollo Global Management, LLC Gary M. Stein, 212-822-0467 Head of Corporate Communications gstein@apollolp.com or Noah Gunn, 212-822-0540 Investor Relations Manager ngunn@apollolp.com or For media inquiries regarding Apollo Global Management, please contact: Rubenstein Associates, Inc. for Apollo Global Management, LLC Charles Zehren, 212-843-8590 czehren@rubenstein.com

Abu Dhabi Launches Six Historic Oil and Gas Licensing Opportunities

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The Abu Dhabi National Oil Company (ADNOC) announced, today, as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the details of the initial round of six geographical oil and gas blocks open for bidding. This follows the announcement last month by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO that Abu Dhabi was to launch its first ever competitive exploration and production bid round. The licensing strategy represents a major advance in how Abu Dhabi unlocks new opportunities and maximizes value from its hydrocarbon resources. It is also consistent with ADNOC’s approach to expanding its strategic partnerships across all areas of its business. The successful bidders will enter into agreements granting exploration rights and, provided defined targets are achieved in the exploration phase, be granted the opportunity to develop and produce any discoveries with ADNOC, under terms that will be set out in the bidding package. H.E. Dr Al Jaber said: “The launch of these large new licensing blocks is an important step for Abu Dhabi and ADNOC as we develop and apply new strategies to realize the full potential of our resources, maximize value through competitive bidding and accelerate the exploration and development of new commercial opportunities. “This approach is central to our expanded partnership strategy, which aims to introduce new opportunities as we broaden and diversify our partnership base. In addition, as we begin to expand our downstream portfolio, the new licensing blocks reinforce our long term production growth ambitions and builds on our successful legacy as a leading upstream player. This is a rare and exciting opportunity, for both existing and new partners, in a secure and stable investment environment The UAE is the world’s seventh largest oil producer, with about 96% of its reserves within the emirate of Abu Dhabi. Located in one of the world’s largest hydrocarbon super-basins, there remains undiscovered and undeveloped potential in the numerous stacked reservoirs. Based on existing data from detailed petroleum system studies, seismic surveys, log files and core samples from hundreds of appraisal wells, estimates suggest these new blocks hold multiple billion barrels of oil and multiple trillion cubic feet of natural gas. Some of the blocks already have discoveries, and within the combined area there are 310 targeted reservoirs from 110 prospects and leads. In addition to the country’s conventional oil and gas accumulations, some of the offered blocks also contain significant unconventional resource potential. The six blocks open for bidding, two of which are offshore and four are onshore, cover an area of between 2,500 and 6,300 square kilometres, which, by comparison, is up to three quarters of a U.K. North Sea quadrant, consisting of 30 blocks. In total, Abu Dhabi’s six blocks comprise an area of almost 30,000 km2 . ADNOC has established a dedicated website – www.adnoc.ae/Block-Bid – where the company provides information on the blocks and which has a portal where interested bidders can register to participate, subject to a strict prequalification process undertaken by ADNOC. The website also provides details of a global roadshow of technical and commercial information on the new blocks. After the roadshow, bidders will confirm their participation through an Expression of Interest and will be able to purchase a comprehensive data package on the six blocks.  The data package will include full bidding instructions and regional geological information, in addition to well and seismic data, in both raw and interpreted form, on all six blocks. Registration is open to companies with suitable expertise and technology that can contribute to accelerating the exploration and development of new conventional and unconventional hydrocarbon opportunities in Abu Dhabi. The closing date for the receipt of bids will be in October, after which ADNOC will evaluate the bids, using the criteria set out in the bidding instructions, and the SPC will award the successful bidders. The first bid round is planned to conclude this year.

Airbus corporate jet is highlighted at ABACE show

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Airbus Corporate Jets (ACJ) is highlighting the better travel experience that its aircraft provide, together with their many other benefits, at the ABACE[1] show. Airbus’ ACJ320 Family – represented at the show by an Al Jaber Aviation ACJ318 that is offered for VVIP charter – features the widest and tallest cabin of any business jet, while being comparable in size and having similar operating costs to traditional business jets. “Airbus corporate jets give you the freedom to get on with life that is missing in traditional bizjets, whether you want to work, rest or play, and you can take along more colleagues, friends and family too,” says ACJ President Benoit Defforge. The heart of today’s Airbus corporate jet family are the ACJ319neo[2], which can fly eight passengers 6,700 nm/12,500 km or 15 hours, and the ACJ320neo, which can transport 25 passengers 6,000 nm/11,100 km or 13 hours. Deliveries of the ACJ320neo begin at the end of this year, with those of the ACJ319neo following in the second quarter of 2019. Customers include Acropolis Aviation, Comlux and K5 Aviation. Both aircraft feature new-generation engines and Sharklets, which save fuel, enable even more intercontinental range and equip them for a long and successful future. Like all Airbus aircraft in production, the ACJ319neo and ACJ320neo have the built-in protection of fly-by-wire controls – today’s industry standard in both airliners and business jets – plus time and cost-saving centralised maintenance, and extensive use of weight-saving new materials. For customers wanting even more passenger capacity plus nonstop to the world range, Airbus offers a complete family of VIP widebodies. This family includes the new ACJ330 NEO and ACJ350 XWB, which can fly for 20 hours 45 minutes and 22 hours 30 minutes, respectively. Airbus corporate jet customers benefit from airliner-reliability and a worldwide support network – sized to serve more than 10,000 aircraft and over 500 customers and operators. They also get services tailored to their specific needs, such as the Airbus corporate jet customer-care centre (C4you) and ACJ Service Centre Network. More than 190 Airbus corporate jets are in service worldwide, including around 20 in greater China. They are flying on every continent, including Antarctica, highlighting their versatility around the clock around the world. Together, Airbus Corporate Jets and Airbus Corporate Helicopters (ACH) are uniquely well placed to provide modern and efficient combined solutions to the air travel needs of customers worldwide. About Airbus Corporate Jets Airbus Corporate Jets (ACJ) creates the world’s most rewarding flying experiences for customers by providing them with unique expertise, the finest service, best technology and highest standards of care in corporate aviation. All Airbus corporate jets come from the most modern aircraft family on the market, derived from Airbus’ successful market-leading jetliners. www.airbuscorporatejets.com

easyJet celebrates first flights from Edinburgh to Jersey with help from viral Scottish sensation Kilted Yoga

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easyJet, Europe’s leading airline, has teamed up with Visit Jersey and viral video sensation ‘Kilted Yoga’ to celebrate the first flight on a new route between Edinburgh and Jersey, which takes off from Edinburgh this Saturday 31 March. Scotland’s famous Kilted Yoga pair, best known for doing downward dog in nothing but kilts, became an instant viral sensation when their first film was viewed over 55 million times worldwide. A new video set in Jersey sees the boys in a variety of mesmerising poses in some of the island’s most mesmerising locations to mark the launch of the new easyJet route and showcasing the variety that Jersey has to offer for easyJet’s Scottish customers. The full video is available to view at https://www.jersey.com/kiltedyoga Ali Gayward, easyJet UK Country Manager said: “We are delighted to be celebrating our first flight between Edinburgh and Jersey which we are sure will prove popular for our Scottish customers looking to discover the variety that the island of Jersey has to offer. “This year easyJet is celebrating 10 years at Jersey and the addition of this route demonstrates our continued commitment to providing even more choice for our customers in Jersey and Scotland, helping us to deliver long term, sustainable growth and providing passengers with a great range of destinations all with a convenient schedule, low fares and great service for both leisure and business travellers.” On behalf of Ports of Jersey, Myra Shacklady who oversees the company’s route development programme says: “2018 is a significant year for Jersey and easyJet. Not only do we mark the airline’s 10th anniversary of its Jersey route network but we welcome this new service to Edinburgh, which I have no doubt will not only prove popular with local residents but also opens up a further opportunity to increase its inbound visitor market.” Gordon Dewar, chief executive of Edinburgh Airport said: “Expanding options for passengers is what we’re all about at Edinburgh Airport and we’re delighted to be offering another route to Jersey, whether it’s for scenic beaches, history or culture, and I’m sure this route will be a fantastic success. “Our relationship with easyJet goes from strength to strength and their continued expansion at Scotland’s busiest airport is good news for the airport, the airline and passengers.” Finlay Wilson, the Kilted Yoga founding member commented: “Our first Kilted Yoga film was a big hit last year, so we were very excited when we received the invite to make a follow up film in Jersey. The Island has some spectacular scenery, so whether you’re into yoga or just enjoy getting outdoors, hopefully we’ve inspired Scots to visit the Island and with easyJet’s new route that’s now easier than ever.” easyJet flights from Edinburgh to Jersey depart on Tuesdays and Saturdays throughout the summer season. Tickets are available at www.easyjet.com with fares starting from £30.74*. easyJet is the largest airline in Scotland carrying almost one in three Scottish travellers and in 2018 will continue to grow as the number of seats on sale will increase around 5% to over eight million. This month easyJet is celebrating ten years flying to and from Jersey and now operates eight routes and over 132 flights a week during peak summer, flying over 600,000 passengers to and from Jersey across its UK network each year. For more information on easyJet’s network visit www.easyJet.com For further information, please contact the easyJet Press Office on 01582 525252, log onto www.easyjet.com or follow @easyJet_Press  

EVOPS MARKETING & PR APPOINTS HINA BAKHT AS MANAGING DIRECTOR

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DUBAI – EVOPS DMCC has announced the appointment of Hina Bakht as the company’s managing director. Hina has a proven track-record in the industry with over 25 years of outstanding experience.  During the course of her distinguished career, she has served a prestigious and diverse list of clients ranging from travel, hospitality and tourism sector to technology, fashion, real estate, banking and finance industry. Some prominent names among those have been VFS Global, VFS Tasheel, Dubai Investments, Dubai Investments Park, Reem Investments, Ajman Bank, Al Shafar General Contracting (ASGC), Palm Utilities, Monaco Government Tourist Board, Maybach, Matthews Southwest, Guerlain Paris, MAC Cosmetics and Ritu Kumar. Michel Noblet, Chairman of EVOPS DMCC, stated, “We are very excited to welcome Hina in our corporate team. Her experience in managing agencies together with multiple industry expertise and relationships will be immensely valuable in leading EVOPS which is an integrated marketing, PR and social media firm. We are confident under Hina’s leadership EVOPS will grow to the next level of success offering world-class solutions to our clients.” In her new role, Hina will focus on business and client expansion as well as the development of multi-disciplinary partnerships. Upon joining EVOPS, Hina commented, “I am delighted to take up this wonderful new challenge and truly grateful to the Board of Directors of EVOPS for having offered me the position. Digital processes are changing how media is created, distributed and consumed and I am thrilled to lead EVOPS at this exciting time. The accelerating pace of digitalization and growth of social media in the Middle East is driving demand for agencies that offer integrated services with result driven strategies. What is also critical for businesses today is the speed of communication and EVOPS is ideally equipped with the necessary resources to offer organizations proactive and effective solutions. I look forward to positioning EVOPS as the most reliable communications partner for our clients delivering world-class service.” Prior to joining EVOPS, Hina was the Vice President of MPJ – Marketing Pro-Junction responsible for business management, development and operation. She holds a masters’ degree from the prestigious Delhi School of Economics, University of Delhi. For media contact: Hina.bakht@evops-pr.com Mob: 00971 50 6975146 Tel: 00971 4 566 7355 Office: 1-E, Silver Tower, Cluster I, Jumeirah Lakes Towers Dubai, U.A.E www.evops-pr.com About EVOPS Marketing & PR EVOPS Marketing & PR is equipped with the latest technology and digital capability to provide businesses with the most comprehensive and innovative marketing solutions and strategies. With an integrated 360° marketing approach, the agency offers its high-profile clients bespoke, seamless and personalized service in an era of fast-paced, real-time smart marketing. Included in its services are marketing strategy consultancy, PR, social media, advertising, creative design, web and app development, and events management. For more information visit www.evops-pr.com

Facebook Launches New Initiative to Help Scholars Assess Social Media’s Impact on Elections

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Today, Facebook is announcing a new initiative to help provide independent, credible research about the role of social media in elections, as well as democracy more generally. It will be funded by the Laura and John Arnold Foundation, Democracy Fund, the William and Flora Hewlett Foundation, the John S. and James L. Knight Foundation, the Charles Koch Foundation, the Omidyar Network, and the Alfred P. Sloan Foundation. At the heart of this initiative will be a group of scholars who will:
  • Define the research agenda;
  • Solicit proposals for independent research on a range of different topics; and
  • Manage a peer review process to select scholars who will receive funding for their research, as well as access to privacy-protected datasets from Facebook which they can analyze.
Facebook will not have any right to review or approve their research findings prior to publication. We’re excited about this initiative for two important reasons. First, we think it’s an important new model for partnerships between industry and academia. Second, the last two years have taught us that the same Facebook tools that help politicians connect with their constituents — and different communities debate the issues they care about — can also be misused to manipulate and deceive. We have made real progress since Brexit and the 2016 US presidential election in fighting fake news, as well as combating foreign interference, in elections in France, Germany, Alabama and Italy. But there is much more to do — and we don’t have all the answers. This initiative will enable Facebook to learn from the advice and analysis of outside experts so we can make better decisions — and faster progress. In consultation with the foundations funding the initiative, Facebook will invite respected academic experts to form a commission which will then develop a research agenda about the impact of social media on society — starting with elections. The focus will be entirely forward looking. And our goals are to understand Facebook’s impact on upcoming elections — like Brazil, India, Mexico and the US midterms — and to inform our future product and policy decisions. The initial term of the commission will be one year and membership will be determined in the coming weeks. We are keen to have a broad range of experts — with different political outlooks, expertise and life experiences, gender, ethnicity and from a broad range of countries. The commission will exercise its mandate in several ways: Prioritization of research agenda. The research sponsored by this effort is designed to help people better understand social media’s impact on democracy — and Facebook to ensure that it has the right systems in place. For example, will our current product roadmap effectively fight the spread of misinformation and foreign interference? Specific topics may include misinformation; polarizing content; promoting freedom of expression and association; protecting domestic elections from foreign interference; and civic engagement. Commission members will learn about Facebook’s internal efforts related to elections, and source input from the academic community to determine the most important unanswered research questions. They will also begin to work with international experts to develop research evaluating Facebook’s impact in upcoming elections — with the goal of identifying and mitigating possible negative effects. Solicitation of independent research. As the commission identifies areas to assess Facebook’s effectiveness, it will work with Facebook to develop requests for research proposals. In accordance with standard academic protocols, proposals will be subject to rigorous peer view. The peer review process will be managed by the Social Science Research Council, which is well placed to tap into the global network of substantive, ethical, and privacy experts. Based on input from the peer review process, the commission will independently select grantees who will receive funds from the supporting foundations, and, when appropriate, privacy-protected data from Facebook. Providing access to information while protecting privacy. Once the commission identifies the most important questions, we are committed to helping grantees obtain the right data to answer them. Sometimes these datasets will come from Facebook, and sometimes they will come from other sources like surveys or focus groups. Fundamental to this entire effort is ensuring that people’s information is secure and kept private. Facebook and our funding partners recognize the threat presented by the recent misuse of Facebook data, including by an academic associated with Cambridge Analytica. At the same time, we believe strongly that the public interest is best served when independent researchers have access to information. And we believe that we can achieve this goal while ensuring that privacy is preserved and information kept secure. Any proposal submitted through this process must first have been reviewed by a university Institutional Review Board (IRB), or the international equivalent. And when Facebook data is requested, proposals will be subject to additional review by Facebook’s privacy and research review teams — as well as external privacy experts that the commission identifies. These reviews will help ensure that Facebook acts in accordance with its legal and ethical obligations to the people who use our service, as well as the academic and ethical integrity of the research process. Facebook is building a dedicated team to work with the commission and academic researchers to develop the approved, privacy-protected datasets, which will be kept exclusively on Facebook’s global network of secure servers and subject to continuous audit. The commission will oversee publication, ensuring that only aggregated, anonymized results are reported. It will also develop a process to apply for data access for purposes of replication. Independent and transparent reporting. Facebook and the foundations funding this project are committed to transparency around the rationale for the structure and membership of the commission. Once established, the commission will have the authority to regularly report on its activities and Facebook’s. This will include the decision-making criteria guiding both the research agenda and scholar selection. And the research coming from this initiative will be public, and Facebook will not approve it before it’s published. Facebook plays an important role in elections around the world — helping people connect and discuss the important issues of the day. We were slow to spot foreign interference in the 2016 US presidential elections, as well as issues with fake accounts and fake news. Our teams have made good progress since then. By working with the academic community, we can help people better understand the broader impact of social media on democracy — as well as improve our work to protect the integrity of elections.

Digitalizing Japanese Enterprises with Hakuhodo

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We’re taking the Next Big Step in Asia by partnering with Hakuhodo, one of the top advertising and PR agencies in Japan. Our joint effort is a full-service package called Innovation Generator. It enables Japanese enterprises to build and grow innovative digital services. In 2013, we opened our Tokyo office with big plans to make our mark out here. It has surprised me how fast the Japanese society is evolving around technology. The demand for good quality digital innovation is huge. With the 2020 Olympics coming up, the digital landscape in Tokyo is pressured to adjust quickly – many Japanese digital services still don’t work too well for foreign visitors. Over the years we’ve designed and shipped great digital services with great Japanese companies. Financial services, IoT, mobile applications, wearables, eCommerce, robots, heavy industry. We have found amazing clients and hired a strong multi-disciplinary team to Tokyo. The ambition levels have gone up at every step along the way.We want to make an even more substantial impact on Japanese businesses and society. This year we got to know some great people from Hakuhodo, and started working together in a high-profile project for a large Japanese enterprise customer. Our business is all about people and let me tell you, Hakuhodo sure understands people. There is no company that has more insight on Japanese consumers, businesses, or people running them. Seeing the potential, we decided to make this collaboration bigger, and now I’m proud to announce the result: Innovation Generator! The Generator is a comprehensive digital technology support service aimed for Japanese enterprise companies. Together with Hakuhodo, we help companies develop new businesses and digitalize their existing businesses. Our mission is to build the greatest digital services in Japan. The last three years in Japan have really taught our team about the importance of relationships and local culture here. With Hakuhodo and Reaktor joining forces, we’ll be able to design, develop and grow the best services in the Japanese market. The variety of the combined track-record of our companies is unmatched.

Standard Chartered re-aligns Commercial Banking, Private Banking and Wealth reporting lines

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London and Singapore – Standard Chartered PLC (the Group) announced today an immediate realignment of the reporting lines for its Commercial Banking and Private Banking businesses, alongside an accelerated transfer of responsibility for the ASEAN and South Asia (ASA) region. This follows Anna Marrs’ decision to leave the Group in September to return to London with another financial services company. Anna, Regional CEO, ASA and CEO, Commercial and Private Banking, is leaving the Group on September 9, 2018. Anna will continue in her current role as Regional CEO, ASA until May 31, 2018. During this time, she will continue the previously-announced comprehensive handover of her regional responsibilities to Judy Hsu, CEO, Singapore and ASEAN markets. Judy will now take over as Regional CEO, ASA, on June 1, subject to regulatory approval. Judy will remain CEO, Singapore until a successor is appointed. While the strategy and business structure of the Group will remain the same, internal reporting lines for the Commercial Banking, Private Banking and Wealth businesses have been realigned to reflect the increasing collaboration between the client segment businesses:
  • Commercial Banking (CB) will report into Simon Cooper, CEO, Corporate and Institutional Banking (CIB), effective immediately. We will continue to look to Country CEOs to drive client relationships, and CB will remain a distinct business in Simon’s portfolio. Jiten Arora, Regional Head, CB, ASEAN and South Asia, will take interim responsibility for the CB business, with a permanent head to be appointed in due course.
While maintaining the focus on this critical client segment, this structure allows us to better align the shared global infrastructure of the CB and CIB businesses. In addition, we will further develop our ability to serve linked clients across CB and CIB, and to increase the delivery of key Transaction Banking, Financial Markets and Corporate Finance products to our Commercial Banking clients.
  • Didier von Daeniken will continue to run Private Banking and Wealth Management. For his Wealth responsibilities, he will report to Ben Hung, Regional CEO, Greater China and North Asia and CEO, Retail Banking. Ben will work with Didier and the Retail team to further align strategies between these businesses and will help ensure that our Wealth priorities maximise the value of both Retail and Private Banking.
For his Private Banking responsibilities, Didier will report to Tracy Clarke, Regional CEO, Europe and Americas. Tracy’s breadth of management experience, more recently involving the Europe-based Private Bank, will help accelerate the growth of the business and strengthen linkages between our Private Bank and the rest of our firm. Anna will step down from the Group’s Management Team on May 31. She will continue to work with Judy, Ben, Tracy and Simon as needed until she leaves the Group in September.