Latest news with #strategicalliance
Malay Mail
29-05-2025
- Business
- Malay Mail
Coenda and INEO Announce Settlement Agreement, Strengthening Partnership for Retail Market Expansion
"Dawn Wattie" Vancouver, British Columbia - Newsfile Corp. - May 29, 2025 - Coenda Investments Holding Corp. ("") and INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) ("") are pleased to announce a settlement agreement, with terms disclosed by INEO, marking a pivotal moment in their strategic collaboration. This agreement solidifies a strategic alliance aimed at deploying INEO's innovative products in retail markets, with BON Intelligence Inc. (""), a subsidiary of Coenda, playing a key role in supporting INEO's management team and go-to market Intelligence will work closely with INEO's leadership team to drive the successful rollout of INEO's cutting-edge technology in retail environments. Coenda and BON Intelligence are strong believers in the transformative potential of INEO's technology, confident that this strategic alliance will create significant new revenue streams for INEO and enhance its market Intelligence and INEO recently joined forces at the Istanbul Retail Fair, where their innovative solutions garnered significant attention from customers. The event showcased the strength of their strategic alliance and the appeal of INEO's technology, drawing interest from key industry players and reinforcing their position as leaders in the retail technology Retail Days ExhibitionTo view an enhanced version of this graphic, please visit:"We are excited about the opportunities this strategic alliance unlocks for INEO," said Kerem Akbas, President at Coenda. "By combining our expertise with INEO's innovative technology, we aim to deliver unparalleled value to the retail sector and drive sustainable growth."Coenda and BON Intelligence extend their gratitude to Mr. Greg Watkin and Mr. Kyle Hall for their cooperation and commitment to establishing a new governance structure on INEO's board. This collaborative approach ensures a strong foundation for future Investments Holding Corp. is a private British Columbia company committed to enhancing shareholder value through strategic investments and by fostering governance transparency and Intelligence Inc., a subsidiary of Coenda Investments Holding Corp. is a private British Columbia company focused on delivering innovative AI-based solutions across a range of industries. The company specializes in advanced data analytics, intelligent media signage, RFID technologies, and comprehensive loss prevention systems. By harnessing the power of artificial intelligence, BON Intelligence Inc. empowers organizations to optimize operations, enhance decision-making, and improve security more information, please contact:Dawn Wattie, SVP Legal778-846-5749 The issuer is solely responsible for the content of this announcement.
Associated Press
26-05-2025
- Business
- Associated Press
Hong Leong Bank Enhances HLB Private Bank and Regional Wealth Management with Strategic Alliance with Lombard Odier
Integrating A Strategic Alliance with Swiss Private Bank Lombard Odier, Key Talent Acquisitions, Development Programs, and AI Tools, the Bank is Poised to Accelerate its Regional Wealth Management Proposition KUALA LUMPUR, Malaysia, May 26, 2025 /PRNewswire/ -- Hong Leong Bank ('HLB' or 'the Bank') announces its strategic alliance with Lombard Odier, a leading global wealth and asset manager with over 225 years of experience, to enhance its HLB Private Bank and Regional Wealth Management proposition. This strategic alliance unites the combined generations of prudent stewardship and innovative financial thinking from Lombard Odier and HLB, a Malaysian financial institution with a 120-year heritage built on trust and a deep understanding of clients' aspirations. This collaboration forms a cornerstone of HLB's accelerated strategy to become the best-run bank in Malaysia, underscoring its vision for responsible and forward-thinking wealth management. Under this strong strategic alliance, HLB Private Bank and Regional Wealth Management will offer clients a sophisticated and personalized experience, combining Lombard Odier's long-term global perspectives from its Chief Investment Office with the Bank's local market insights. This synergy provides a comprehensive understanding of investment opportunities and tailored strategies for sustained, generational growth. Beyond investment expertise, HLB clients are able to access to comprehensive wealth architecture and bespoke advisory services focused on their individual goals, ensuring tailored solutions for wealth preservation and transfer, including succession planning and sustainable investments. 'We believe this is a transformative era for wealth management, driven by unprecedented wealth creation and a surge in entrepreneurship and this demands a departure from traditional approaches. Our ambition to be the best-run bank is intertwined with our commitment to empower clients to build wealth that transcends generations. Our strategic alliance with Lombard Odier, an institution that shares our profound long-term perspective, allows us to elevate our wealth offerings here. Together, we are charting a course for enduring wealth, providing our discerning clients in Malaysia and the region with access to world-class expertise grounded in a shared commitment to responsibility and innovation, ensuring their legacies flourish for generations to come,' affirms Kevin Lam, Group Managing Director and Chief Executive Officer of HLB. Alongside this strategic alliance, HLB is also focused on key internal advancements, implementing a comprehensive strategy that includes expanding its wealth management team and recruiting top-tier talent, developing the Wealth Academy for enhanced training, integrating AI to empower Relationship Managers, and continuously pursuing partnerships that enhance value for clients and the business. Jeffrey Yap, Managing Director and Regional Head of Wealth Management, HLB emphasizes, 'This strategic alliance with Lombard Odier is a key part of the Bank's ongoing transformation and initiatives to meet the evolving needs of the market. With Asia-Pacific's remarkable wealth growth, including a doubling of private assets and a surge in new HNWIs which will see a significant rise in intergenerational wealth transfer, the need to provide sophisticated guidance has never been greater. This collaboration allows us to offer bespoke wealth solutions that are not only designed for today's complexities but are also thoughtfully constructed to secure the financial well-being of generations to come - building legacies, not just portfolios.' To further enhance the value for HLB clients, the strategic alliance with Lombard Odier plays a pivotal role in delivering sophisticated investment solutions through Hong Leong Asset Management Bhd (HLAM), a key entity of the Hong Leong Financial Group. This collaboration strategically leverages Lombard Odier's expertise as a target fund manager, thereby broadening and enriching the Group's wealth management offerings. Vincent Magnenat, Asia Group Regional Head and Global Head of Strategic Alliances, Lombard Odier, remarks, 'We believe in working with the right partners who share our vision of the future of wealth and asset management – those who complement each other's DNA, and who bring a proven track record in the wealth management space with a deep commitment to innovation and sustainability. In HLB, we see a strong alignment on all fronts, and our Strategic Alliance is a powerful testament to our shared values. We are delighted to welcome HLB into our Ecosystem of Strategic Alliances.' For more information, visit: About Hong Leong Bank Berhad Please visit View original content to download multimedia: SOURCE Hong Leong Bank Berhad
News.com.au
15-05-2025
- Automotive
- News.com.au
IAG to buy RAC insurance for $1.35 billion
Western Australia's state motoring organisation, the RAC of WA, has entered a strategic alliance with Australia's biggest insurer, IAG. IAG will buy RAC Insurance and a 20-year exclusive distribution for RAC-branded insurance in Western Australia. The price is $1.35 billion, $400 million for the insurance division and $950 million for the distribution deal. Last November, IAG paid $855 million for a 25-year deal to sell insurance to Royal Automobile Club of Queensland members.
Asharq Al-Awsat
14-05-2025
- Business
- Asharq Al-Awsat
Saudi Arabia, US Unveil Plans to Deepen Economic and Strategic Ties
Saudi Arabia and the United States announced efforts to strengthen economic relations and expand their growing strategic alliance through private-sector-led partnerships targeting key industries including energy, artificial intelligence, defense, tourism and advanced technologies. The announcement was made during the Saudi-US Investment Forum, which was held on Tuesday in Riyadh. The event drew senior ministers and officials from both sides, along with top executives from leading corporations and financial institutions in the two countries. The forum coincided with the visit of US President Donald Trump to the Kingdom, where he was received by Crown Prince Mohammed bin Salman. Saudi Arabia plans to boost investment ties with the US by up to $600 billion over the next four years, spanning public and private sector deals across key industries such as defense, semiconductors, transportation, space exploration and advanced technologies. The Kingdom's private sector is expected to play a central role in driving these investments. Washington views Riyadh as a key partner in maintaining global oil market stability and supply reliability, with Saudi Arabia being one of the world's largest crude exporters. The two countries are also working toward a landmark agreement on peaceful nuclear energy cooperation, alongside potential deals in energy, mining, and energy infrastructure. US officials have expressed support for Saudi Arabia's Vision 2030, which aims to diversify the economy and implement sweeping social changes. Washington also welcomed Riyadh's efforts to increase women's participation in the workforce and promote interfaith dialogue. Saudi Arabia is among the United States' largest trading partners in the region, with bilateral trade reaching $32 billion in 2024. Saudi exports to the US stood at $13 billion, while imports from the US totaled $19 billion. US foreign direct investment in the Kingdom reached $15.3 billion last year. American investors are increasingly drawn to Saudi Arabia's sweeping transformation, which is unlocking new opportunities in commercial space exploration, renewable energy, healthcare, infrastructure, advanced technology and artificial intelligence. Vision 2030 initiatives and mega-projects are also opening doors for US firms in strategic sectors such as mining, petrochemicals, manufacturing, renewable energy, tourism, financial services, healthcare and pharmaceuticals. In his opening remarks at the Saudi-US Investment Forum in Riyadh, Saudi Investment Minister Khalid Al-Falih said Vision 2030 had opened 'unprecedented horizons' for investment, renewing his country's commitment to a strategic partnership with the United States that spans more than 90 years. 'We are living a historic moment in which we reaffirm a strategic partnership built on trust, mutual respect and shared interests,' he said. Falih pointed to the Kingdom's stable economic policies, low debt levels, strong financial reserves and stable inflation as key pillars of its investment appeal. He also noted that Saudi Arabia hosts one of the world's fastest-growing financial markets. 'We are not merely seeking capital inflows. We are building strategic partnerships that transfer knowledge, localize technology and develop homegrown industries,' Falih said, highlighting opportunities in renewables, advanced manufacturing, biotech, tourism, logistics and supply chain development. Saudi Finance Minister Mohammed Al-Jadaan, speaking in a joint panel with US Treasury Secretary Scott Bessent, described the scale of the Kingdom's economic transformation in recent years as 'unprecedented.' 'What we've achieved in record time is a structural transformation,' he said, noting that the share of private investment in GDP rose from under 16% to more than 23%, a significant jump for any emerging economy. Bessent underscored the strength of economic ties between Washington and Riyadh, describing the relationship as 'historic and robust,' and highlighting its importance to US policy. He also noted that his first official engagement in office was with his Saudi counterpart, a clear indication of how high this relationship ranks on Washington's agenda. He added that the Trump administration is working to position the US as the world's leading investment destination by focusing on three pillars: trade liberalization, tax reduction, and deregulation. Bessent reaffirmed that the US views Saudi Arabia as a key economic partner in the region and a promising platform for investment and collaboration across multiple sectors.
