International Investor Autumn 2024 Issue

Towards a Climate Resilient Future

How the global sustainable debt market can bridge the climate resilience financing gap

DUBAI INVESTS IN RESEARCH AND INNOVATION INITIATIVE

CEOS BETTING BIG ON AI

ACCELERATING THE ENERGY TRANSITION

LAND

Editor’s Note

In times of turbulence, it’s always encouraging to share stories of successful collaborations and innovations from around the world. Whether it’s supporting small businesses in Ecuador or upcycling used car tyres into eco-friendly, durable school sandals, there’s a lot in this issue to inspire you.

When in doubt, follow the CEOs and, as we can see from KPMG’s latest study, they’re betting big on artificial intelligence. Meanwhile, Dubai has launched its own Research Initiative to transform the area into a centre for innovation and research. It seems innovation is crucial in the transformation to a more sustainable society. From developing the battery minerals supply chain in East Africa to storing renewably generated energy in Latin America, our contributors are rethinking business and sharing their stories with us.

Happy reading, Sophie

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11 Investing in a Resilient Future

How do we close the climate resilience financing gap?

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14 Championing Education for Every Child in Africa

Access Bank reaffirms its dedication to education and community development.

22 Transforming Digital Payments in Ecuador

In a country where cash has long been the predominant form of payment, Deuna has emerged as a transformative force.

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Dubai Takes Big Leap with New Research Initiative

The initiative is part of Dubai’s broader strategy to diversify its economy and stay ahead in the global innovation race.

36 Pioneering Sustainable Investing Without Compromise

Exploring Serafin Asset Management’s unique approach to sustainable investing.

28 Boosting investment appeal to accelerate the energy transition

As the window for impactful climate action narrows, Atlas Renewable Energy is working to attract private investment into renewable energy.

39 Portugal’s Luxury Real Estate Market Sees Exceptional Growth

Portugal’s luxury real estate market is booming, driven by international investment.

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The warmth of the East meets the innovation of the West in the Philippines

EastWest Priority’s vision is to be the bank of choice of the country’s affluent market.

43 Investment bank of the year

InvestBank Corp.’s leading global investment banking operations are overseen by Mr Don Christensen.

48 The critical role of digital asset data for institutions

As traditional financial institutions enter digital assets, having access to data and information is critical to success.

50 Jaiz bank offering customers win-win financing options

Nigeria’s first non-interest Islamic bank has endured the twist and turns of the challenging and constantly dynamic economic landscape.

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Global Foreign Investment Remains Subdued in 2023

FDI has experienced a continued downturn in 2023, according to the latest World Investment Report from the UNCTAD.

54 A legacy of Innovation

Parthian Partners’ journey is a testament to its unwavering commitment to pushing the boundaries of what’s possible in finance.

57 A Benchmark in Institutional Trading

One of ATFX Connect’s most significant strengths lies in its ability to offer highly flexible trading solutions.

60 International Investor Awards Winners 2024

Amongst our award winners there are some exceptional banks, businesses and leaders and we want to recognise their roles and achievements.

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Investing in a Resilient Future

We are facing a century of volatility, accelerated and exacerbated by the changing climate. This summer, we witnessed impacts that we weren’t expecting to feel for another 25 years — extraordinary storms across North America, devastating floods in Europe, and extreme heatwaves ravaging Asia have made it clear that the era of climate impacts is no longer a distant future. We are living in it now.

These climate impacts, however, are not limited to rising temperatures and sea levels. There are profound economic consequences already in motion. Biodiversity collapse, exacerbated by human activity, has heightened the risk of global pandemics. Dry riverbeds are choking commerce and transit routes, while displaced communities create political instability and disrupt global economies. To secure a world our children will want to live in, we must invest urgently in adaptation and resilience.

There is an alarming dearth of understanding how unprepared we are for the effects of climate change, and how to quantify the financial value of adaptation and resilience. What investors and issuers urgently need is a clear, standardised framework to identify and label climate resilience projects with the right kind of capital investment to mitigate these effects. This is where Climate Bonds steps to the fore with the latest expansion to its gold standard sustainable finance eligibility framework – its Resilience Taxonomy will go some significant way to meeting this need.

Capital investment must be directed toward projects that safeguard vulnerable populations and build the foundation for stronger, more adaptable economies, fit for a changing world.

THE NEED FOR URGENT CLIMATE RESILIENCE INVESTMENT

The Intergovernmental Panel on Climate Change (IPCC)

has made it clear that the window of opportunity to secure a “livable and sustainable future for all” is rapidly closing. Near-term actions that limit global warming to 1.5°C would substantially reduce these impacts, but they won’t eliminate them entirely.

The IPCC’s Sixth Assessment Report highlights that approximately 3.3 to 3.6 billion people are living in areas highly vulnerable to climate change. Without significant investment in resilience and adaptation, these vulnerable regions will face ever-increasing challenges, threatening the livelihoods of billions and destabilising entire economies.

The United Nations Environment Programme (UNEP) estimates that by 2030, the financing needs for adaptation and resilience in developing countries alone could soar to as much as USD 387 billion annually. Global adaptation finance needs are expected to surpass even these figures. We are rapidly approaching a critical juncture, and the world’s financial systems must rise to meet the challenge.

CLOSING THE CLIMATE RESILIENCE FINANCING GAP

While international agreements such as the Paris Accord have solidified climate ambitions, there are still enormous gaps in facilitating and financing action. Public sector financing alone is insufficient, but there is more than enough private capital available in the world to fund the transition. The challenge lies in redirecting this capital to where it is needed most.

According to the Climate Policy Initiative (CPI), in 2023, reported finance flows for climate adaptation were just USD 63 billion per year, with dual mitigation/adaptation benefits accounting for an additional USD 51 billion per year. This is out of a total reported climate finance flow of USD 1.27 trillion annually. Of these, almost all funding comes from public sector sources such as development finance institutions (DFIs), while only USD 1.5 billion comes from private finance.

The global sustainable debt market can bridge this gap. Green, social, sustainable, and sustainability-linked (GSS+) bonds, which have already channelled over USD 5.1 trillion into sustainable activities, have emerged as a primary vehicle for financing climate action. The demand for thematic borrowing and investment in areas like social equity, sustainability, and resilience is growing rapidly, but the supply of viable projects has struggled to keep pace.

This imbalance is particularly pronounced when it comes to climate resilience. Climate Bonds research found that only 19% of labelled green bonds had any resilience-related use of proceeds.

THE CLIMATE BONDS RESILIENCE TAXONOMY: A CRITICAL STEP FORWARD

A key reason for the gap in climate resilience financing is the lack of clear definitions and standards for resilience-focused investments. The Climate Bonds Resilience Taxonomy (CBRT) provides a detailed framework for identifying, verifying, and

labelling climate resilience projects. It gives investors the confidence they need in the credibility of these investments with a common language that bridges the gap between issuers and financiers.

“This is a key step in guiding and mobilising investments towards adaptation and resilience projects,” said Assefar Hamid, Head of EMEA Sustainable & Impact Investing at Invesco, said. “The taxonomy will help standardise information disclosures for what constitutes an adaptation investment, reducing confusion among issuers and encouraging more investors to explore this new investment thematic.”

Sustainable finance taxonomies are essential in creating clarity and transparency in the market, providing investors and issuers with a common framework. The expanded taxonomy fills a critical gap by offering focused, detailed guidance on climate resilience, an area often under-prioritised in broader sustainable finance frameworks.

This expansion will include not only investments that reduce the direct physical impacts of climate change (e.g., flood barriers, early warning systems, etc.) but also investments that address the underlying vulnerability of people and ecosystems to climate change (e.g., healthcare, housing, gender equity, deforestation, etc.)

By integrating the criteria from the expanded taxonomy into national and regional finance taxonomies, countries and regions can accelerate the flow of capital toward climate adaptation and resilience projects, crucial as we grapple with the ever-growing impacts of climate change.

A PATH FORWARD: BUILDING A RESILIENT FUTURE

Climate resilience is no longer a choice — it is a necessity. We are already living with the consequences of climate change, and without significant investment in adaptation and resilience, these consequences will only worsen.

Climate Bonds’ new expanded taxonomy is a major step forward, but this is just the beginning. The sustainable debt market offers a powerful mechanism for financing climate action, but it must be leveraged more effectively. Investors, governments, and financial institutions must work together to scale up climate resilience financing and meet the growing needs of a warming planet.

Only by building resilient systems today can we hope to preserve a world that future generations will want to live in.

The time for action is now. Let’s make sure that our response to the climate crisis is measured not just by what we can prevent but also by how well we prepare for what’s to come.

Breaking Barriers: Access Bank Championing Education for Every Child in Africa

“Children in emergency situations have a right to quality education like every other child, yet education in emergencies continues to be critically underfunded and under-resourced. Education is lifesaving and should not be seen as a second phase of a humanitarian response.”

– Wongani Grace Taulo, UNICEF Regional Education Adviser for Eastern and Southern Africa.

It is a basic right for every child to receive an education that is both inclusive and of high quality. However, in Africa, there are nearly 46 million children of school age who do not attend school. Those who face the greatest challenges, particularly those impacted by conflict and climate crises, often lack access to education the most.

According to the United Nations Educational, Scientific and Cultural Organisation, of the 244 million children globally between ages 6 and 18 who are not in school, more than 98 million—or over 40%—reside in sub-Saharan Africa. This includes significant numbers in Nigeria (20.2 million), Ethiopia (10.5 million), the Democratic Republic of Congo (5.9 million), and Kenya (1.8 million). Currently, sub-Saharan Africa exhibits the highest levels of educational deprivation worldwide, with an alarming 90% of children unable to competently read or comprehend a basic text by age 10. Children entrenched in areas plagued by conflict or climate-related emergencies are disproportionately impacted by this learning deficit, suffering the highest rates of educational shortfall in the region. Over half of all children worldwide affected by crises are in sub-Saharan Africa. These vulnerable children should be prioritised for extensive educational support to aid their learning and rehabilitation; however, many are unfortunately left without such assistance.

It is widely recognised that education is a critical component of socioeconomic development, significantly contributing to the improvement of individual lives and community welfare. Education equips people with crucial skills, knowledge, and abilities necessary for personal development and societal progress. The benefits of education extend past scholastic achievement, advancing economic growth, alleviating poverty, promoting social fairness, bettering health conditions, stimulating innovation, encouraging environmental preservation, reinforcing community connections, and supporting self-actualisation.

From an economic standpoint, education is a driving force for expansion and improvement, boosting the productivity and innovative capacity of the labour market. Individuals with education are more likely to land better-paying jobs, foster

technological progress, and spearhead initiatives, which in turn enrich overall economic performance and consistency. Additionally, education is crucial in reducing poverty, as it arms people with vital skills to escape persistent deprivation. Quality education not only broadens job prospects but also provides individuals with essential insights that influence their choices regarding health, dietary habits, and family planning, thus enhancing the general quality of life.

Education acts as a leveller, providing opportunities for people from all walks of life to thrive and contribute to society. It encourages social harmony by teaching acceptance and respect for differences and enables individuals to partake in meaningful discussions and unite on community matters. By granting knowledge and skills, education empowers people to make choices, speak up for themselves, and influence their futures. It reduces inequalities related to gender, ethnicity, or income through accessible educational opportunities. Moreover, an educated public is more likely to take part in civic duties, comprehend their rights, and actively engage in democratic processes, promoting a fair and just society.

Access Bank PLC, one of Africa’s premier financial institutions, reaffirms its dedication to education and community development through its annual Charity Polo Tournament. During the 2024 event, Access Bank announced the construction of 60 additional classrooms in Maraban Jos, Kaduna. This initiative underscores the transformative power of sports in driving community upliftment.

The tournament, which attracted dignitaries, sports enthusiasts, and philanthropists, highlighted how sports can serve as a powerful catalyst for social good. This year’s announcement builds on the Bank’s commendable efforts in 2023, where they commissioned 30 blocks, each comprising two classrooms, during the same event.

Upon the project’s completion, Access Bank aims to double the enrolment capacity of the Access Bank Fifth Chukker School. This expansion is poised to significantly enhance educational opportunities, building on the school’s success in providing quality education and social welfare to approximately

14,000 children to date. The Polo Tournament has also, in recent years, been extended to include South Africa, with a partnership with the Nelson Mandela Foundation forming a foundation for scaled impact across the continent. Access Bank’s initiatives include scholarships, mentorship programs, and providing a comprehensive educational experience for underserved students.

Continuing with similar initiatives, Access Bank, in collaboration with the Temitayo Awosika Help Foundation (TAHF), launched the Back to School Project to lessen financial pressures on parents and guardians of children with sickle cell disease. This noble cause has provided over 12,000 underprivileged students with vital scholastic materials. These materials comprise textbooks essential for thorough learning, backpacks for the efficient and safe transport of items, notebooks designed for effective note-taking and homework, along with an array of stationery crucial for everyday learning tasks. Through this provision, TAHF aims to promote educational opportunity and equity, ensuring that children from all economic backgrounds have the essential

instruments to thrive academically.

Furthering its efforts to reduce the number of out-of-school children, Access Bank partnered with Kidpreneur Africa to launch “Project Educate Me.” This initiative aims to empower internally displaced and underserved youth with essential literacy, financial, digital, and life skills. Targeting vulnerable populations in Adamawa, Katsina, and Borno states, Project Educate Me will support children in specific local government areas. By collaborating with stakeholders, the project seeks to directly benefit over 150,000 children, ensuring positive, lasting impacts on their lives and futures.

Access Bank Ghana’s partnership with CHAINT AFRIQUE on the “A Sandal More” project, an initiative focused on upcycling used car tyres into eco-friendly, durable school sandals. This innovative project addresses the dual needs of promoting quality and inclusive education for all children by providing sandals to underprivileged children and promoting environmental sustainability by repurposing waste materials. The project was launched in 2023 and supported 1,000

schoolchildren in Ghana with sandals made from tyres. The initiative has impacted over 400 communities and involved skills acquisition programmes for youth and entrepreneurs to build capacity on recycling old tyres, with 1,000 individuals trained. Collection hubs were provided in various locations for the collection of old tyres from customers and employees Building on its success in Ghana, Access Bank Nigeria partnered with FREEE Recycle to launch a transformative initiative in Oyo State. The program collected and recycled 706 discarded tyres from the Oyo environs through FREEE’s network of aggregators. The recycled tyres produced 2,500 rubber sandals, benefiting school children in various communities across Oyo State. This initiative not only addressed critical waste management challenges by promoting recycling and reducing carbon emissions but also enhanced access to education by providing footwear to school children. Additionally, Access Bank and FREEE Recycle were committed to empowering local communities through skills development, ensuring sustainable contributions to FREEE Recycle’s manufacturing operations and fostering environmental stewardship across the region.

In Zambia, many girls encounter formidable challenges due to the considerable distances they must travel to

reach school. These distances often pose a barrier to their education, especially in rural areas like Kasama. Recognising this obstacle, Access Bank Zambia has made a significant contribution to the Strong Girls Strong Zambia Campaign by donating 60 bicycles. These bicycles play a crucial role in enhancing educational opportunities for vulnerable girls. By providing a means of transportation, Access Bank Zambia is helping to overcome the logistical hurdles that often prevent girls from attending school regularly and punctually. This initiative not only ensures safer and more efficient travel but also empowers girls to prioritise their education, thereby fostering their academic success and personal development. Access Bank is actively addressing educational barriers, empowering vulnerable populations, and promoting sustainable development. By focusing on literacy, empowerment, and community engagement, Access Bank not only transforms individual lives but also contributes significantly to the socio-economic advancement of communities. As we all know, education is a fundamental human right and it is our obligation to ensure no child is left behind.

British Hotel Sector Poised for Investment Boom Amidst Rising Demand

The UK hotel sector is showing promising signs of recovery and growth, according to the latest analysis by specialist lending experts Rangewell. The sector, which has faced significant challenges in the wake of the COVID-19 pandemic, appears to be on the brink of a substantial investment boom, driven by a surge in domestic demand for hotel accommodation.

The hospitality industry has had a rocky road over the past few years, struggling to navigate the impacts of the pandemic. However, Rangewell’s recent data reveals that despite these challenges, the sector has experienced two years of positive growth since the pandemic’s peak.

As of 2024, the UK hotel market is valued at approximately £24.3 billion. Although this represents a slight decrease of 1.7% compared to 2023, the decline is expected to be similar in 2025. This reduction is partly attributed to a drop in investment in the sector, as highlighted by additional research from Cushman and Wakefield.

Following a significant rebound in 2021, where investment in UK hotel real estate increased by 126% compared to 2020, the sector has seen a steady decline. Investment fell by 21% in 2022 and by another 29% in 2023. Despite this trend, there are emerging signs of renewed optimism. Cushman and Wakefield’s data indicates that in the first half of 2024, £3.9 billion was invested in UK hotel real estate, a remarkable 200% increase from the £1.3 billion invested during the same period in 2023.

Rangewell’s analysis suggests that this resurgence in investment could be just the beginning. With many lenders returning to the hospitality market, the sector is poised for continued growth. The uptick in demand

for hotel stays is driving this renewed interest from investors.

In 2023, UK hotels attracted approximately 18.8 million visitors, marking a 22% annual increase and continuing a positive trend over the past three years. These visitors spent a total of 90.8 million nights in hotels, an 18% increase from the previous year, and contributed £17.8 billion to the economy—14% more than the previous year.

Alasdair McPherson, Head of Partnerships at Rangewell, comments on the current state of the sector:

“While the pandemic’s aftermath and declining investment have posed challenges, the UK hotel industry is brimming with opportunities. The consistent rise in demand has captured the attention of investors, leading to a significant uptick in investment in the first half of this year.”

McPherson continues,

“This trend indicates a promising period of growth for the sector. For those already involved in the industry, there are various ways to enhance revenue from their portfolios. Options include renovating or rebranding existing properties or expanding operations. Financial solutions range from traditional commercial mortgages and bridging loans to more flexible options like Merchant Cash Advances and Tax Loans.”

As the UK hotel sector gears up for what could be a robust period of growth, investors and industry stakeholders are keenly watching for further developments and opportunities in this revitalising market.

Transforming Digital Payments in Ecuador

In a country where cash has long been the predominant form of payment, Deuna has emerged as a transformative force, radically changing the landscape of financial transactions in Ecuador. As the leading digital wallet in the country, Deuna is not only facilitating fast and secure payments but also driving a cultural shift towards greater adoption of digital payments and banking. Deuna is redefining the payment method in Ecuador, its impact on users’ daily lives, and its growth strategy, which includes innovative advertising campaigns and the strategic use of influencers and content creators.

THE PREFERENCE FOR CASH

Ecuador has traditionally been a society where cash plays a central role in daily transactions. However, with the increasing digitalisation and the need for more secure and convenient solutions, the adoption of digital payments has begun to gain ground. Deuna has played a crucial role in this transition by offering a platform that not only meets the needs of modern consumers but also addresses concerns related to security and ease of use.

INNOVATION AND SECURITY AT THE HEART OF DEUNA

The key to Deuna’s success lies in its focus on innovation and

security. The digital wallet provides a platform that allows users to make payments quickly and securely, eliminating the need to carry cash or physical cards. The integration of cutting-edge technology ensures that transactions are secure, protecting users’ financial information with high encryption standards.

Additionally, Deuna has designed its platform to be intuitive and easy to use, which is essential for attracting a diverse user base that includes both digital natives and adults less familiar with technology. The wallet allows money transfers between users, payments at merchants, and mobile top-ups, all from the convenience of a smartphone.

THE IMPACT ON BUSINESSES AND THE LOCAL ECONOMY

Since its launch, Deuna has connected over 4 million users with approximately 380,000 businesses across the country. This vast ecosystem includes entrepreneurs, small businesses, and large companies that use digital payments through the app. The incorporation of Deuna has provided businesses with an effective tool to attract a broader clientele and facilitate hassle-free transactions.

For example, a small food store in Quito that previously only accepted cash payments has seen an increase in sales and improved operational efficiency since it started accepting payments through Deuna. Customers appreciate the convenience of paying with their mobile phones, and the store, in turn, values the ease of management that the platform offers.

BENEFITS FOR USERS: CONVENIENCE AND CONTROL

For users, Deuna offers numerous benefits. The ability to make online and point-of-sale payments with just a few clicks provides a convenience that cash cannot match. Furthermore, the digital wallet allows users to keep a detailed record of their expenses, making personal budget management easier.

An illustrative case is that of Mariana, a professional who uses Deuna to manage her daily expenses. Mariana highlights how easy it is to pay for her purchases and the peace of mind she feels knowing her information is protected. The functionality of recurring payments and the ability to send money to family members in other cities are also features that many users value.

MARKETING STRATEGY AND DIGITAL PRESENCE

Deuna’s success can also be attributed to its effective marketing strategy. The brand has invested significantly

in advertising that resonates with Ecuadorians, using a combination of traditional and digital media to reach its audience. Advertising campaigns have been designed to connect emotionally with users, highlighting how Deuna can simplify and enhance their daily lives.

Moreover, Deuna has strategically utilised influencers and content creators to amplify its message and attract a younger audience. Collaborations with influential figures on social media have helped position Deuna as a modern and relevant brand, increasing its visibility and appeal.

Deuna’s digital presence has been solidified with active management of its social media channels, where they interact directly with users, answer questions, and promote new features. This constant interaction has helped build a loyal and engaged community around the platform.

CHALLENGES AND FUTURE

Despite its success, Deuna faces challenges in its mission to transform the payment landscape in Ecuador. Resistance to cultural change and competition from other digital payment platforms are obstacles the company must overcome. However, with its ongoing focus on innovation and commitment to user satisfaction, Deuna is well-positioned to continue leading the way toward a more digitised economy.

Deuna has revolutionised the way Ecuadorians make payments, offering a secure, fast, and easy-to-use platform that has gained acceptance from millions of users and businesses. Its focus on innovation, security, and an effective marketing strategy has been key to its success. As Ecuador continues to adopt digital payments, Deuna is prepared to play a central role in this transformation, facilitating a smooth transition to a more modern and connected economy.

Dubai Takes Big Leap with New Research Initiative

Dubai is making waves with an exciting new research initiative, thanks to approval from Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai. Announced on 15 September 2024, this major project aims to transform Dubai into a leading global centre for research and innovation.

A BOLD VISION FOR THE FUTURE

The Dubai Research Initiative is set to drive progress across various fields, including technology, healthcare, sustainability, and urban development. This initiative is part of Dubai’s broader strategy to diversify its economy and stay ahead in the global innovation race. Sheikh Hamdan emphasised that the initiative is about more than just addressing current issues; it’s about preparing for future opportunities. “Our commitment to research is about building a knowledgebased economy that propels progress and prosperity,” he remarked.

WHAT TO EXPECT

Here’s a glimpse of what the initiative will involve:

1. Advanced Research Facilities: Dubai will establish state-ofthe-art research centres equipped with the latest technology. These facilities are expected to attract leading scientists and researchers from around the globe.

2. Funding and Grants: Substantial funds will be made available to support research projects, focusing on areas such as artificial intelligence, renewable energy, and health

sciences. Both experienced researchers and emerging talents will have access to grants and funding.

3. Collaborative Platforms: The initiative will create platforms to connect researchers, universities, and industries. These spaces will encourage collaborative projects and help generate new ideas.

4. Talent Development: There will be programmes aimed at developing and mentoring young researchers and students, building a strong talent pool ready to contribute to Dubai’s research landscape.

5. Global Partnerships: Dubai will actively seek partnerships with leading international research institutions. These collaborations will enhance Dubai’s position in the global scientific community.

IMPLICATIONS FOR DUBAI AND BEYOND

The launch of the Dubai Research Initiative is set to make a significant impact, both locally and globally. For Dubai, it marks a major step towards becoming a top global innovation hub, attracting investment, and creating new opportunities. On the international stage, it will help address pressing challenges and advance knowledge in critical areas.

In summary, Sheikh Hamdan’s approval of the Dubai Research Initiative represents a pivotal moment for the city’s research and development sector. With its ambitious goals and forward-thinking approach, the initiative is poised to establish Dubai as a leader in innovation and global progress.

PORSCHE TAYCAN

The sports car re-imagined with sustainability in mind

Boosting investment appeal to accelerate the energy transition

As the window for impactful climate action narrows, attracting private investment into renewable energy is essential to achieving the necessary shift away from fossil fuels. See what Atlas Renewable Energy has to say about it.

Climate change presents unprecedented challenges, including rising temperatures, extreme weather events, and disruptions to ecosystems and economies. To prevent irreversible damage and achieve the Paris Agreement’s goal of limiting global warming to well below 2°C, rapid decarbonisation of the energy sector is vital.

Renewable energy is the cornerstone of this transition, offering the most effective means to reduce greenhouse gas emissions and ensure a sustainable future. But despite its immense potential, barriers to implementing renewable energy at scale remain.

According to Atlas Renewable Energy, addressing these

means making investments into renewables more competitive – driving widespread adoption and unlocking the sector’s full potential.

OVERCOMING INTERMITTENCY

One of the most significant challenges in scaling renewables for large industrial energy consumers is the fluctuating nature of power generation, which is dependent on highly variable environmental conditions. This variability leads to periods of overproduction and underproduction, making it difficult to ensure a consistent and reliable energy supply – a critical factor for business operations.

Already seeing rapid growth and development worldwide,

battery energy storage systems (BESS) tip the scales toward making renewable energy a truly viable option. Using BESS, excess energy generated during peak production periods can be stored and released during periods of low production or high demand, reducing the need for fossil fuel-based backup power.

ENHANCING PROJECT VIABILITY AND BANKABILITY

The integration of BESS doesn’t just enable us to harness the full potential of solar and wind sources; it also increases the overall viability and bankability of renewable energy projects. BESS enables energy arbitrage, allowing operators to take advantage of price differentials between peak and off-peak hours – providing a hedge against fluctuating energy prices and mitigating market risk.

Grid congestion and curtailment are other significant risks for renewable energy projects, and BESS help alleviate these issues by providing support services such as frequency regulation, voltage control, and peak shaving. By enhancing grid resilience, BESS ensure that renewable energy projects can operate efficiently and maximise their output, thereby safeguarding expected returns.

A LATIN AMERICAN CASE STUDY

Atlas Renewable Energy is at the forefront of effective largescale BESS deployment in Latin America. Our latest project,

BESS del Desierto in Antofagasta, Chile, is among the country’s largest storage contracts. This BESS implementation, developed for the trading arm of Chilean energy and forestry giant Copec, features 200MW of capacity and 800MWh of storage and is Chile’s first large-scale standalone storage system.

Operating independently of power generation sources, the installation allows for more effective management of energy costs by enabling time-shifting of energy use during peak demand times when prices are higher. This is particularly beneficial in markets like northern Chile, where high solar penetration and industrial demand create significant price disparities between day and night.

We have also signed an agreement with mining company Codelco, the world’s largest copper producer, for the supply of 375 GWh of 24/7 energy per year, to be generated by a new solar energy project with an integrated battery storage system.

BESS facilitate the development of decentralised energy systems – a key enabler of fast-tracking the “just and orderly energy transition” set out in the International Renewable Energy Agency’s World Energy Transitions Outlook.

With BESS, energy generation and storage can be localised closer to the point of consumption. This reduces transmission

losses and enhances energy security. For industrial clients like Codelco and Copec, this means greater control over energy supply and the ability to maintain operations even during grid disturbances.

STABILITY AND PREDICTABILITY

Technological advances like BESS can transform renewable energy from a variable and intermittent source into a stable, reliable, and economically viable solution.

But transforming the risk profile of renewable energy projects also requires a stable, predictable, and supportive investment landscape.

Over the last decade, we’ve been working to achieve this across the Americas, by implementing long-term power purchase agreements (PPAs) that provide revenue stability and predictability.

In 2015, our leadership team achieved one of Chile’s most iconic milestones, signing a renewable PPA with multinational mining giant Antofagasta Minerals to supply solar energy from the Javiera project to the Los Pelambres copper mine for a duration of 15 years.

In 2023, we signed an unprecedented 21-year US dollar PPA with Brazil’s largest aluminum producer, Albras – the longest term ever signed in Latin America for a corporate renewable energy PPA. The energy provided to Albras under this deal will be powered by the 902 MWp Vista Alegre plant, the largest solar project to be built in a single phase in Brazil.

And most recently, our BESS del Desierto initiative involves a

PPA with distribution companies, in which we receive a fixed monthly fee, regardless of asset usage, to reinforce the grid as a transmission infrastructure asset.

BUILDING AN ATTRACTIVE INVESTMENT LANDSCAPE

In addition to financing structures that make renewable energy projects more accessible, governments and regulatory bodies must establish and maintain clear, consistent, and supportive policies that encourage renewable energy development and investment.

This is exemplified by the government support we’ve seen in some of the markets we operate. In Chile, for example, the Supreme Decree 70 of 2023, approved in June this year, explicitly addresses stand-alone energy storage systems and determines capacity payment mechanisms specifically for renewable energy plants equipped with energy storage capacities. While markets such as California are also testing and implementing BESS, Chile’s targeted regulatory framework is helping to put it ahead in terms of BESS deployment, underpinning our ambitious target to deploy up to 2 GW of battery storage capacity in the country over the coming years.

Investment opportunities in the global renewable energy sector are vast and growing, driven by the urgent need to mitigate climate change. At Atlas Renewable Energy, we are committed to delivering high-quality, efficient, and reliable solutions that significantly advance the energy transition. By enhancing project bankability and addressing scalability challenges, we ensure that investments in renewable energy yield substantial returns – both for the economy and the environment.

The warmth of the East meets the innovation of the West in the Philippines

To gear up for the growing appetite for wealth creation of the country’s affluent, EastWest Priority was established as a separate client segment of EastWest Bank’s Wealth Management Division in November 2016 as part of the acquisition of the retail banking & wealth management portfolio of Standard Chartered Bank (Philippines).

Officially launched in 2018, it has seen steady growth with the overall portfolio or total Assets Under Management (AUM) continuing to grow year-on-year, with its current amount now more than double of what it was at the start of 2017, mainly due to the aggressive acquisition of new clients in addition to the retention of clients pre-acquisition.

It now boasts of a five-year compound annual growth rate (CAGR) in AUM of 12% and a fiveyear CAGR in net revenue of 21%—a testament to the strength of the business in retaining and engaging with its clients by continuing to deepen relationships through relevant products and services.

Based on a competitive scan as of December 2023, EastWest Priority is now the 4th largest in the local wealth management space in terms of clients and 6th in terms of AUM, with consistent aggressive growth expected moving forward. From four Priority Centers upon acquisition, the segment now has 11 key locations covering different parts of the country with a pool of 30 relationship managers.

As EastWest celebrates its 30th anniversary, highlighting its blend of the traditional warmth of the East and the forward-thinking mindset of the West, proven by a commitment to constant improvement and innovation, the Bank continues to harness EastWest Priority’s growth through several initiatives throughout 2024.

These include the re-launch of the client segment with more tailored products, increased presence by establishing more Priority Centers in key cities outside of the

National Capital Region (NCR), and the rollout of an exclusive digital platform that allows for convenient access to availed wealth management solutions.

Looking towards the future, the vision for EastWest Priority is to be the bank of choice of the affluent market across the Philippines. Aligned with this vision, EastWest Priority has mounted lifestyle and business events in key cities (Cebu, Davao, Bacolod, Pampanga, and Baguio) outside NCR to create brand awareness and promote a more sophisticated financial literacy initiative among the target market.

Although the affluent have a better grasp of handling their finances than their counterparts, the local landscape shows that a vast number has not explored other investment products outside of real estate to diversify and manage their wealth.

By reaching out to them in these key cities through a roadshow of market update fora given by a well-respected economist, the Bank was able to educate them on market movements and opportunities to leverage on for better wealth management.

Through these initiatives, EastWest Priority was able to bring wealth management closer to the affluent in other parts of the country, taking the opportunity to cater to a bigger chunk of the target market outside of NCR. EastWest Priority’s required minimum balance of P2.5M is the lowest among banks playing in the wealth management space in the Philippines, which has encouraged more of the affluent to bank with EastWest Priority sooner to build and grow their wealth.

Global carbon capture needs $196 billion in investment by 2034

The global carbon capture, utilisation, and storage (CCUS) sector will require a massive $196 billion in investment by 2034 to meet climate targets, according to a recent report from Wood Mackenzie. This figure underscores the pivotal role CCUS will play in reducing carbon emissions as industries transition towards net-zero goals. The capital is needed to fund infrastructure, including storage facilities and carbon capture technologies, with significant investments forecasted for regions such as North America, Europe, and Asia.

CCUS is increasingly viewed as essential for mitigating climate change, particularly for industries that are difficult to decarbonise, such as steel, cement, and heavy chemicals. By capturing and storing CO2 emissions, CCUS offers a path for these sectors to reduce their environmental impact while continuing production. However, the report emphasises that achieving this level of investment will depend on strong policy support and financial incentives from governments. Public-private partnerships are also expected to play a crucial role in scaling up CCUS technology.

Currently, North America leads the world in CCUS deployment, with Europe following closely behind. However, Wood Mackenzie’s report notes that for CCUS to reach its potential globally, investment must significantly increase across all regions. The Asia-Pacific region, in particular, is expected to see substantial growth in CCUS investments as emerging economies ramp up their decarbonisation efforts.

Despite the enormous potential, the report highlights several challenges. A lack of robust regulatory frameworks, uncertainty over long-term financial returns, and the high upfront capital costs are key barriers that could slow the adoption of CCUS technologies. The report also stresses that without substantial government support and clearer carbon pricing mechanisms, the pace of investment may lag behind the necessary targets.

So it seems CCUS is poised to be a major player in global decarbonisation efforts. Still, meeting the $196 billion investment requirement will hinge on coordinated actions from both the public and private sectors to ensure that the necessary financial and regulatory frameworks are in place.

Serafin Asset Management: Pioneering Sustainable Investing Without Compromise

Serafin Asset Management has established itself as Europe’s leading sustainability-focused asset manager, redefining industry standards. At the core of their success is the ARTICO Equity Team, which accomplishes the seamless integration of investment performance, sustainability, and climate goals across all equity portfolios.

A UNIQUE APPROACH TO SUSTAINABLE INVESTING

Serafin‘s approach stands out for its ability to maintain diversification and investment performance while achieving ambitious sustainability objectives. This strategy contrasts sharply with many other sustainable investment models that often compromise on diversification or returns to meet environmental, social, and governance (ESG) criteria.

The ARTICO Equity Team‘s philosophy, «investing in good companies,» focuses on selecting firms with faster growth, higher profitability, healthier balance sheets, and lower valuations. Their portfolios also emphasise superior ESG ratings, and reduced carbon footprints, aligning with sustainable and responsible investing.

THE FIVE DIMENSIONS OF EXCELLENCE

Serafin‘s exceptional performance is primarily driven by a meticulous stock selection process that evaluates companies across five critical dimensions: growth, profitability, financial health, valuation, and sustainability. By assessing the potential for business expansion, evaluating operational efficiency and earnings strength, and examining the company‘s stability and resilience, Serafin ensures that its portfolios are aligned with sustainability goals. Additionally, they determine market price attractiveness and analyse ESG ratings for long-term viability, optimising for robust financial performance. This holistic approach sets Serafin apart in the industry, balancing both sustainability and strong investment returns.

ARTICLE 9 CLASSIFICATION: A TESTAMENT TO COMMITMENT

All of Serafin’s ARTICO equity funds have been classified under Article 9 of the Sustainable Finance Disclosure Regulation

(SFDR). This designation is reserved for financial products with the core objective of sustainable investment or carbon reduction, underscoring Serafin‘s dedication to upholding the most stringent regulatory standards in sustainability.

THE POWER OF ESG INTEGRATION AND SUSTAINABILITY METRICS

Serafin’s conviction in the power of ESG factors is rooted in rigorous research and analysis. The team believes that companies with high ESG ratings tend to outperform their lower-rated counterparts due to several key factors: high ESG scores often reflect excellent management practices, attract significant institutional capital flows, and mitigate both investment and reputational risks. The AR TICO Equity Team has further enhanced this approach by developing a proprietary ESG factor based on MSCI ESG scores, an innovative metric that has proven to be a reliable indicator of future performance, reinforcing Serafin‘s commitment to sustainable investing.

Serafin‘s focus on responsible investing extends beyond its portfolio strategies. As a signatory to the UN-supported Principles for Responsible Investment (PRI), they commit to integrating ESG factors into investment decisions in alignment with the six PRI principles. Additionally, the ARTICO Equity Team adheres to the Swiss Association for Responsible Investment‘s (SVVK) commitment and exclusion list, fully supports the Paris Agreement on climate change, and is a supporter of the Task Force on Climate-Related Financial Disclosures (TCFD).

PERFORMANCE: THE ULTIMATE PROOF

Serafin is convinced that sustainable investing must deliver strong financial performance to ensure its success. The track record demonstrates consistent outperformance against benchmarks while maintaining high sustainability standards.

By combining systematic investment strategies with a strong commitment to sustainability, Serafin Asset Management is reshaping sustainable investing in Europe, proving that investors can achieve both financial success and positive impact.

Portugal’s Luxury Real Estate Market Sees

Exceptional Growth Amidst International Investment Surge

Portugal’s luxury real estate market is booming, as highlighted in the latest independent research from Property Market-Index. The “Portugal’s Property Hotspots Report 2024-2025” reveals a thriving sector, driven by international investment, affluent expatriates, and strategic regeneration efforts, setting Portugal apart from other regions in Europe, the UK, and North America.

The report paints a vivid picture of the country’s most coveted locations, showcasing how a blend of cultural richness, historic heritage, top-notch home specifications, and attractive tax incentives are fueling impressive growth in Portugal’s luxury real estate market.

Prime real estate areas such as the Algarve, Lisbon, and nearby regions are experiencing particularly robust demand.

Key property hotspots highlighted in the report include:

• Quinta do Lago, Algarve

• Vale do Lobo, Algarve

• Ferragudo/Carvoeiro, Algarve

• Lagos, Algarve

• Estoril, near Lisbon

• Comporta, near Lisbon

• Lisbon districts: Liberdade, Lapa, and Principe Real

• Cascais, near Lisbon

• Silver Coast

• Sintra, near Lisbon

• Foz do Douro, near Porto

• Vilamoura, Algarve

These locations are celebrated for their investments in regeneration, growth trends, cultural and educational opportunities, heritage, investment potential, land availability, infrastructure, connectivity, amenities, health and well-being, sustainability, and security.

Amanda Collison, Senior Researcher at Property Market-Index,

notes that the Algarve’s luxury market is particularly thriving. She explains that the influx of entrepreneurs and wealthy families to the Algarve is creating significant opportunities for investors.

“Quality build programs in the Algarve now match international standards,” Collison says. “This surge in demand has led to a shortage of supply, driving property values up at double the rate compared to the UK, EU, and North America. This trend is expected to continue for at least the next three years due to the high international demand and the impact of new housing policies for locals and first-time buyers.”

The report also highlights a stark reduction in new property supply, with only 20,000 new homes built last year compared to 200,000 a decade ago. This shortage, combined with high demand, has led to property prices in Portugal increasing at twice the rate seen in Europe and much of North America.

Portugal’s attractive tax regimes continue to lure wealthy expatriates. Since its introduction in 2009, the NonHabitual Residency (NHR) program has offered significant

tax savings on non-Portuguese income, attracting over 75,000 international expats. Although changes to the NHR programme are set for early 2025, the new NHR 2.0 regime is expected to maintain Portugal’s appeal for high-networth individuals with the right qualifications, further driving investment and innovation.

British expat Sarah Thompson shares her enthusiasm:

“The real estate opportunities here in the past two years have exceeded our expectations. The quality of architecture and the breathtaking locations make Portugal incredibly appealing. The quality of life is outstanding, and I have no regrets about moving here.”

In response to the booming market, luxury developer Brookes Property Group is launching its Quinta Heights development this summer between Carvoeiro and Ferragudo. Phil Button, Managing Director of Brookes Property Group, notes, “We have already sold 25% of the development off-plan. The central Algarve offers a rich cultural experience and luxury living, with our Quinta Heights development

offering exceptional value compared to other properties in the Golden Triangle. Our development will feature topof-the-line amenities, including wellness facilities, garden walks, and an observatory for stargazing.”

Anne Brightman, founder of Brightman Group, a luxury real estate agency, highlights the allure of Lisbon and its surroundings: “Lisbon’s districts like Liberdade, Lapa, and Principe Real are flourishing with their mix of historical charm and modern conveniences. Areas such as Cascais and Sintra offer stunning natural beauty and strong investment potential, while coastal locations like Estoril and Comporta are becoming increasingly popular for their luxurious living environments.”

Significant investments in infrastructure and regeneration are transforming Lisbon, the Algarve, and the Silver Coast, further enhancing their appeal to buyers and investors. Portugal’s luxury real estate market is set for continued growth, buoyed by strong international demand, strategic investments, and favorable tax incentives. With its unique blend of cultural heritage, safety, and lifestyle advantages, Portugal remains a top destination for affluent expatriates and investors.

InvestBank Corp.

INVESTMENT BANK OF THE YEAR, USA, 2024

In the investment banking industry in the United States of America, one firm clearly stands out to the global investment community. That’s why InvestBank Corp. has been recognised as Investment Bank of the Year in the USA for 2024. International Investor also named Don Christensen, InvestBank’s founder and President, Investment Banker of the Year in the USA.

Headquartered in the United States of America, InvestBank Corp. is a global investment banking leader. InvestBank’s deal pipeline includes some of the most meaningful investment banking transactions in the world. From sovereign debt financings to arranging financing for an impactful greenfield medical supplies manufacturing company in Kenya, to securing a trade finance facility for a leading energy solutions provider whose products often help mitigate the effects of inadequate local power infrastructure in Nigeria, InvestBank Corp. is the investment bank of choice for companies and government entities around the world.

InvestBank Corp. is also a participant in the United Nations Global Compact. InvestBank has established itself as a committed global ESG leader. InvestBank’s ESG goals and principles are designed to create significant impact, transformative change, and a more sustainable future. InvestBank’s global ESG leadership is evidenced by its partnership with the East African Community (“EAC”) and the Africa Battery Initiative. InvestBank is assisting the EAC

and the Africa Battery Initiative with the development and industrialisation of the battery minerals supply chain in the East African Community region.

Along with the Government of the United Republic of Tanzania, InvestBank Corp. is working with the EAC and the Africa Battery Initiative to support and promote the 1st East African Battery Minerals Summit. The summit aims to facilitate socioeconomic transformation in East Africa, create new jobs, and provide economic opportunity for East Africans. The East African Community region aims to transform itself into a stable and competitive lower-middle-income region by 2030 through the sustainable use of its natural resources, the promotion of the green economy, and through climate change adaptation and mitigation activities. Recent studies conducted by both East African and international institutions indicate that the DRC, Tanzania, Burundi, and Zambia alone account for a significant percentage of the total global deposits of key battery minerals, including (1) cobalt - 60%, (2) nickel - 40%, (3) lithium - 35%, and (4) graphite - 45%.

InvestBank Corp.’s leading global investment banking operations are overseen by Mr Don Christensen, International Investor’s Investment Banker of the Year in the United States of America for 2024. With more than 24 years of industry experience, Mr Christensen delivers expert advice and is a respected and trusted voice in the global investment banking industry.

Don Christensen

INVESTMENT BANKER OF THE YEAR, USA, 2024

Don Christensen is the founder of InvestBank Corp. Mr Christensen currently serves as Chairman, Chief Executive Officer, and President of the global investment bank.

In 2000, Mr Christensen began his professional career with Edward Jones, a member of the New York Stock Exchange. Christensen managed the investment firm’s La Jolla, California office. During his two years as manager of the Edward Jones La Jolla branch office, Mr Christensen increased the assets under management by 3,700%. Mr Christensen received numerous awards during his tenure at Edward Jones, including the prestigious Edward Jones Regional Leader Award.

Prior to founding InvestBank Corp., Don Christensen founded U.S. Capital, Inc., a merchant bank. He conceived U.S. Capital’s asset-backed bond programme, which was secured by life settlement life insurance policies. U.S. Capital’s life settlementbacked bonds were designed to be privately placed with qualified institutional buyers. Mr Christensen gained valuable business and management experience and developed many key relationships during the time he served as Chairman and Chief Executive Officer of the merchant bank.

Mr Christensen received congressional and senatorial nominations to the United States Air Force Academy. He also

received one of the few nominations available from then Vice President of the United States Al Gore to attend the U.S. Military Academy at West Point, New York. Choosing to follow in his late father’s footsteps, a decorated and storied career Air Force Officer and pilot, Mr Christensen attended the U.S. Air Force Academy. He attended the esteemed Service Academy during his freshman year of college, where he was an NCAA Division 1 wrestler and was named to the Service Academy’s Athletics Honor List.

Mr Christensen transferred to the University of Oregon for his sophomore and junior years and earned a Bachelor of Science degree in three years. Don Christensen also earned a Juris Doctor degree (i.e., J.D. or Doctor of Law degree) from Purdue Global Law School. Mr Christensen was awarded the Purdue Global Law School Scholarship to attend Purdue Global Law School. Christensen graduated in the top of his class with honours (e.g., Dean’s List, outstanding achievement).

Mr Christensen’s areas of legal expertise include business, corporate, and finance and securities law.

Mr Christensen is a Nevada resident and splits his time between Las Vegas and San Diego. He is involved with numerous businesses, associations, and organizations. Mr Christensen enjoys sports, travelling, music, art, and live events.

Top CEOs navigate global turbulence by betting big on AI

Top global CEOs are increasingly turning to artificial intelligence (AI) to navigate the current economic uncertainties and drive future growth, according to the latest CEO Outlook report by KPMG. Amid global turbulence, including rising inflation and geopolitical tensions, over threequarters of surveyed CEOs view AI as a key driver for transforming their business models and securing a competitive edge.

The report, which surveyed over 1,300 CEOs from various industries, highlights that more than 70% of leaders are prioritising AI investments. Many see it as essential for operational efficiency and enhancing customer experiences. However, they also acknowledge the risks involved, particularly around cybersecurity, with over half citing concerns about data security in their AI initiatives.

Interestingly, while AI is a central focus, CEOs are also grappling with broader economic challenges. Around 45% of the executives surveyed expect a global recession in the near future, with many adjusting their strategies accordingly by focusing on cost optimisation and workforce transformation. Despite these concerns, leaders remain optimistic about long-term growth, with over 80% confident in their company’s ability to adapt and thrive over the next three years.

This strategic shift towards AI comes at a time when companies are looking for ways to stay resilient in the face of volatile market conditions. By betting big on AI and balancing the risks, CEOs are hoping to future-proof their organisations and capitalise on emerging opportunities.

KPMG’s report highlights the evolving role of technology in shaping business strategies, with AI positioned as a cornerstone for future innovation and growth.

Beyond traditional boundaries: The critical role of digital asset data for institutions

As traditional financial institutions enter digital assets, having access to data and information is critical to success.

“To be successful when investing in digital assets, institutions need to have the telemetry into what is happening across the market to be able to identify opportunities and quantify risk,” explains Shawn Douglass CEO and Co-Founder of Amberdata. “The really unique thing about digital assets is the radical transparency which is not available in traditional financial markets.”

Although this transparency results in significant investment potential, the breadth of the digital asset space is challenging,

especially for those more accustomed to traditional financial instruments. Digital assets trade across a large number of venues around the world, around the clock, and within numerous jurisdictions.

Enter Amberdata. Amberdata has built and maintains an institutional-grade infrastructure to deliver digital asset data, market intelligence and risk analytics so that financial institutions can concentrate on their core business. They deliver comprehensive data and insights into blockchain networks, crypto markets, and decentralised finance, empowering financial institutions to apply traditional finance methods to digital assets. Amberdata eliminates the infrastructure setup, integration challenges and

maintenance headaches to access digital asset data, thus reducing the cost and time to market for entering the digital asset class.

“As digital assets become pervasive and widely adopted, we are becoming fundamental infrastructure for the next generation of financial services,” says Douglass.

COMPREHENSIVE DATASETS

Comprehensive digital assets data providers are focused on empowering financial institutions with historical and realtime fundamental (on-chain), DeFi and market data for research, trading, risk, analytics, reporting, and compliance.

“Accounting for every address, every wallet, is massively complex, and a financial institution would need to spend millions of dollars and invest years just to learn how to do this properly,” Douglass warns.

QUANTIFYING OPPORTUNITIES

Digital asset data can be applied within several parts of an institutional investor’s business. It can inform front-office processes like trading, research functions and portfolio management. In the middle office, the data supports risk and treasury functions. In the back office, the data is used to inform fund administration, tax, compliance and audit functions.

“This allows institutions to focus on their core strengths and not the complicated business of collecting, processing, and interpreting data into meaningful information,” Douglass says.

FAMILIAR FORMAT

The format in which this data is presented is also key. As traditional money managers continue moving into this arena, they can appreciate access to information in a familiar format, and through familiar marketplaces like Snowflake and Google Analytics Hub.

Amberdata’s deep expertise has allowed them to build proprietary indexed, searchable, time-series data combined in recognisable formats and delivered with the reliability and quality received from data providers supporting traditional asset classes.

As financial institutions evolve beyond traditional boundaries, crypto data providers like Amberdata are critical as they provide a trusted lens into the entire crypto economy.

Jaiz bank: We offer customers winwin financing options

The Nigerian financial sector has craved an alternative banking model for years, to meet the needs of citizens that prefer the non-interest transaction and investment option.

Jaiz Bank Plc, Nigeria’s first non-interest Islamic bank was founded at a time when customers of conventional banks, especially those in the Northern region of the country, were eager to have a banking option that enables responsible and ethical trading.

As a reputable financial services institution, the bank has been delivering banking services for retail, commercial and corporate sectors. While offering a wide range of products from transactional accounts and term savings to working capital, real estate, personal, medical, education and project finance, Jaiz Bank provides online banking, leasing, banking cards and bonds and guarantees.

The company is poised to cater for myriad of customers across its over 50 branches in Nigeria, and its heterogeneous clienteles that are scattered within the African sub-region.

In over twelve years of operations, the bank endured the twist and turns of the challenging and constantly dynamic economic landscape in Nigeria. Consequently, in four years, the bank started declaring impressive performance yearon- year and profit across key financial metrics and strategic initiatives.

Jaiz Bank, in its most recent report of second quarter, 2024, declared impressive earnings results. The bank reported a net interest income of N12.47 billion compared to N8.40 billion posted in the corresponding year 2023. The net income was N5.43 billion compared to N2.17 billion a year ago. Basic earnings per share from continuing operations was N0.15 compared to N0.063 in 2023.

For the six months in 2024, net interest income was N23.06 billion compared to N15.53 billion in 2023. Net income was N11.28 billion compared to N 3.77 billion a year ago. Basic earnings per share from continuing operations was N 0.32. Meanwhile, in line with the bank’s strategic objective towards economic resuscitation, Small and Medium-sized Enterprises (SMEs), which accounts for 96% of businesses and 84% of employment in Nigeria, began to access funding and facilities through a consolidated financing enabled by Jaiz Bank.

It became necessary for the bank to channel part of its investments to stimulating local businesses and foster financial inclusion that would impact its customers. According to the Nigerian Small and Medium Enterprises Development Agency (SMEDAN),

“SMEs in Nigeria account for more than 50% of industrial employment and contribute approximately 48% to the country’s GDP.”

In the meantime, more SMEs in Nigeria are giving testimonies of their profits and proceeds accruing from the supplementary income received from Jaiz Bank flexible loan to small holder business owners.

A 33-year-old petty trader and cobbler, Abdulbasit Muhammad Auwal, had to start shoe-making business with N100,000 many years after graduating from the University but couldn’t a white collar job.

“I had to wait for a year before I was mobilized for the National Youth Service Corps (NYSC). During this period, I requested a cobbler who used to produce my shoes to engage me as apprentice. I told him that people always admire my shoes and that I think I will start selling them. That’s how it all started,” Auwal explained that “After learning the skills of shoe making, I started the business alone; producing shoes myself and supplying it to the market before getting some apprentices. But now, I have about ten certified staff while others are still being trained, thanks to my banking partner, Jaiz Bank Plc.”

More citizens, like Auwal, who have benefited from Jaiz Bank’s non-interest facilities with a view to growing their businesses are being supported and lifted out poverty in Nigeria.

Nana Firdausi Habib, a successful entrepreneur well-known for utilising her social media presence in promoting her business, was able to expand business empire after accessing the Bank’s SME loan. From supplying kitchen utensils and gadgets to delivering to myriad of her customers’ luxurious foreign furniture sets, Nana experienced an unprecedented surge in profit haven utilised the loan to acquire more products from China.

She said: “My line of business is interior décor accessories, which I import directly from Turkey and China. The business niche is purely online with delivery arrangement to every nook & cranny of the country.”

According to Nana, her initial business capital came from personal savings and borrowings from family members. “Then, I later got a facility from Jaiz Bank Plc. and with the money obtained, we were able to expand from the décor items to include home furniture,” she explained.

Ruqoyah Ajibola Abdulsalam, an Abuja-based entrepreneur, said her business encompasses a wide range of services, including printing, branding, designing, and the sales of highquality souvenirs.

Although Ruqoyah’s modest achievement in printing press business has been adjudged by many as “successful”, she started up as a humble beginner a few years ago, raising capital from family and friends.

“We approached Jaiz Bank for soft loans to acquiring major machines through their Jaiz SME package which was a remarkable transaction that enhanced our business fortune,” she explained.

Meanwhile, the Bank is stimulating the agricultural sector with huge investments, notably the financing of a 10, 000ha irrigation farm at Udubo, Gamawa, LGA of Bauchi State. Tiamin Rice Limited, one of the Jaiz Bank’s customers was one of the several agricultural and allied businesses the Bank funded in recent times.

Sustainable Goals Funding Drops by Over 10% As Global Foreign Investment Remains Subdued in 2023

Foreign direct investment (FDI) has experienced a continued downturn in 2023, with global investments decreasing by 2% to $1.3 trillion, according to the latest World Investment Report from the UN Trade and Development (UNCTAD). This marks the second consecutive year of decline, exacerbated by escalating geopolitical tensions and a sluggish global economy.

The report highlights a more pronounced drop of over 10% in foreign investments when accounting for certain anomalies, underscoring the impact of heightened trade and geopolitical conflicts. Digital solutions are increasingly being employed to create a more inviting business environment. Online information portals and single-window systems are growing,

aimed at addressing investment challenges by streamlining procedures and improving access to information. For developing countries, digitalisation represents not only a technical fix but also a chance to address deeper governance issues that often stymie investment.

UN Trade and Development Secretary-General Rebeca Grynspan emphasised the broader significance of investment:

“Investment is not just about capital flows; it is about human potential, environmental stewardship, and the enduring pursuit of a more equitable and sustainable world.”

REGIONAL TRENDS AND IMPACTS

FDI flows to developing countries fell by 7% in 2023, totaling $867 billion. The decline was particularly notable in developing Asia, where investments decreased by 8%. Africa and Latin America and the Caribbean also saw reductions of 3% and 1%, respectively.

In developed regions, investment flows were significantly affected by financial transactions of multinational corporations and the implementation of a global minimum tax rate. Europe and North America experienced declines of 14% and 5% in FDI, respectively.

Notably, structurally weak and vulnerable economies showed resilience, with slight increases in FDI to least developed countries, landlocked developing nations, and small island states.

SUSTAINABLE DEVELOPMENT GOALS UNDER PRESSURE

The drop in international project finance deals, critical for infrastructure and public services, had a notable impact on funding for Sustainable Development Goals (SDGs). Investment in SDG-related sectors, including agrifood systems and water and sanitation, decreased by 10% in 2023 compared to 2015, when the SDGs were adopted.

Despite this, greenfield project announcements in developing countries increased by over 1,000, though these projects were predominantly concentrated in Asia.

CHALLENGES AND OPPORTUNITIES IN SUSTAINABLE FINANCE

The mobilisation of funds for SDGs through sustainable finance products has slowed. Growth in sustainable bonds was minimal, and new investments in sustainable funds plummeted by 60%. Concerns over greenwashing— misleading claims about sustainability—are affecting investor confidence. To counter this, there is a growing call for clearer standards, robust disclosures, and external audits to enhance the credibility of sustainable finance.

ADVANCING INVESTMENT FACILITATION

Effective business and investment facilitation remains crucial for attracting FDI, particularly in developing countries. In 2023, 86% of investment policy measures in these economies were investor-friendly. Digital tools are playing a pivotal role in this area, with the number of online single windows in developing countries increasing nearly fourfold since 2016. Developed economies also saw a substantial rise in such tools.

Furthermore, the expansion of information portals for business and investor registration reflects a global push towards

improved investment facilitation, enhancing transparency and accessibility.

EMBRACING DIGITAL GOVERNMENT SOLUTIONS

Digital government solutions are proving effective, particularly for developing countries. By starting with fundamental business services and expanding over time, countries can achieve significant efficiencies and benefits, both for foreign and domestic businesses. This approach offers immediate value and revenue potential without necessitating major legislative changes.

Parthian Partners’ Legacy of Innovation

Since its inception, Parthian Partners has been a trailblazer in the financial industry, consistently introducing innovative solutions that set new standards for excellence. With a rich history marked by pioneering achievements, Parthian Partners has become synonymous with innovation, excellence, and forward-thinking approaches that continue to redefine the financial landscape.

A HISTORY OF FIRSTS

Parthian Partners’ journey is a testament to its unwavering commitment to pushing the boundaries of what’s possible in finance. From the outset, the company embraced a culture of innovation, constantly seeking new opportunities to lead the market with cutting-edge solutions.

One of its most notable milestones was the launch of its Inter Dealer Brokerage service in 2012, pioneering this sector in Nigeria, West Africa’s largest economy. This move not only set a new industry standard but also demonstrated Parthian Partners’ ability to anticipate and meet the evolving needs of its clients.

Building on the success of its brokerage service, Parthian Partners introduced i-invest, the first digital marketplace allowing retail investors direct access to Nigerian Treasury Bills. This groundbreaking platform revolutionised retail investment in Nigeria, attracting thousands of investors and reinforcing the company’s reputation for reliability and innovation.

EXPANDING HORIZONS: INVESTMENT BANKING AND PRIVATE BANKING

In a strategic move that continues its legacy of firsts, Parthian Partners expanded into investment banking and private banking services. This progression reflects the company’s growth and commitment to offering a comprehensive suite of financial services that meet the diverse needs of its clientele.

Through its investment banking arm, Parthian Partners now offers a wide range of advisory services, including mergers and acquisitions, capital raising, and strategic financial planning. This expansion positions the company as a key player in the investment banking sector, providing tailored solutions that drive value and growth for governments, institutions, and individuals alike.

Simultaneously, the launch of private banking services through Parthian Capital Limited marks another significant milestone. Recognising the demand for personalised financial solutions, the private banking division offers bespoke wealth management services for high-net-worth individuals. Rooted in the same principles of innovation and excellence that have guided Parthian Partners since its inception, this service is designed to meet the unique financial needs of its elite clientele.

LEADERSHIP AND COMMITMENT TO EXCELLENCE

At the helm of Parthian Partners’ success is a highly experienced management team led by Oluseye Olusoga, a Said Business School and Surrey University alumnus renowned for his financial expertise. Under Olusoga’s leadership, the company has continued to innovate and lead in the financial services industry, as acknowledged by Agusto & Co’s “Bbb stable outlook” rating for Parthian Partners.

Parthian Partners’ history of firsts reflects a deep commitment to excellence and a relentless focus on delivering value to clients. The company’s ability to consistently lead the market with new offerings is a result of its robust understanding of market dynamics, anticipation of future trends, and dedication to staying ahead of the curve.

LOOKING AHEAD

As Parthian Partners continues to expand and innovate, the company remains focused on its core mission: to lead the financial industry through visionary thinking, cutting-edge technology, and unwavering dedication to client success. With a clear focus on future trends and a commitment to transformative change, Parthian Partners is poised to shape the future of finance in Nigeria and beyond.

ATFX Connect: A Benchmark in Institutional Trading

AFTX Connect, the institutional division of ATFX, stands as a benchmark in the world of financial trading, catering to the intricate needs of financial institutions, and professional clients. As a flagship service within the ATFX Group, ATFX Connect is designed to deliver an exceptional trading experience, characterised by deep liquidity, advanced technology, and a wide array of customisable solutions tailored for the institutional market.

ATFX Connect offers an extensive range of trading instruments, including forex, precious metals, indices, and energy products. This multi-asset capability allows institutional clients to diversify their portfolios across different markets, effectively managing risk while maximising potential returns. The platform’s comprehensive product range ensures that institutions can implement cross-market strategies, making it easier to respond to global economic events and capitalise on changes in market sentiment.

One of ATFX Connect’s most significant strengths lies in its ability to offer highly flexible trading solutions. Connect provides institutional clients with direct market access (DMA) to a pool of Tier 1 Bank and Non-Bank providers, which can be tailored to meet a client’s specific trading strategies.

Furthermore, the platform supports algorithmic trading and API integration, providing clients with the flexibility to deploy sophisticated trading strategies efficiently.

Similarly, the API solutions see clients provided with bespoke liquidity, competitive margins and spreads, as well as 24hour pricing, via the ATFX Connect Ecosystem. This high level of customisation ensures that ATFX Connect meets the unique demands of each client, offering them the tools they need to achieve their trading objectives.

With a global footprint, ATFX Connect offers unparalleled access to key financial markets. Clients can execute trades across a wide range of assets, supported by partnerships with leading financial institutions that ensure competitive pricing and comprehensive market coverage. The platform offers two account types: the Margin Account for liquidity from Tier 1 banks and non-bank providers, and the Bridge Account for access via MT4/MT5 accounts.

As the financial landscape evolves, ATFX Connect remains committed to providing the innovation and expertise necessary for clients to thrive, keeping them at the forefront of global trading opportunities.

International Investor Awards Winners 2024

Amongst our award winners there are some exceptional banks, businesses and leaders and we want to recognise their roles and achievements.

The awards are open to any business, large, mid-size or small, established or start-up, provided they display first rate service, opportunity, innovation and performance.

The following pages celebrate organisations that drive forward the world of international business and investment.

ACCESS BANK

Most Sustainable Bank // Africa 2024

Bank Of The Year // Nigeria 2024

Access Bank, a wholly owned subsidiary of Access Holdings Plc, is a leading full-service commercial bank operating a network of more than 700 branches and service outlets spanning 3 continents, 22 countries and over 60 million customers. The Bank employs over 28,000 thousand people in its operations in Africa and Europe, with representative offices in China, Lebanon, India, and the UAE.

Access Bank’s parent company, Access Holdings Plc, has been listed on the Nigerian Stock Exchange since 1998. The Bank is a diversified financial institution which combines a strong retail customer franchise and digital platform with deep corporate banking expertise, proven risk management and capital management capabilities. The Bank services its various markets through three key business segments: Corporate and Investment Banking, Commercial Banking, and Retail Banking. The Bank has become one of the continent’s largest retail banks.

AMBERDATA

Best Comprehensive Data Analytics Platform // USA 2024

Amberdata is the leading provider of digital asset data, market intelligence and risk analytics. We deliver comprehensive data and insights into blockchain networks, crypto markets, and decentralised finance, empowering financial institutions with data for research, trading, risk, analytics, reporting, and compliance. Amberdata serves as a critical piece of infrastructure for financial institutions entering the asset class and participating in digital asset markets.

ATFX

Best Global Forex Broker // 2024

ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities, including the UK’s FCA, Cypriot CySEC, UAE’s SCA, Australian ASIC, and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.

For further information on ATFX, please visit ATFX website https://www.atfx.com.

ATLAS

Best Renewable Energy Company // LATAM 2024

ESG Company Of The Year // LATAM 2024

Atlas Renewable Energy was founded in 2017 by a team of executives with an exceptional track record in pioneering numerous global renewable energy projects and industry trends. Initially supported by the Actis Group - its largest investment to date - Atlas quickly became Latin America’s largest privately-owned renewables independent power producer (IPP) and one of the world’s fastest-growing renewable energy companies. Today, the company is backed by Global Infrastructure Partners (GIP), a leading infrastructure fund manager with a renewable energy portfolio of over 19 GW of operating and construction capacity worldwide. With an unwavering commitment to excellence, Atlas adheres to rigorous standards in the development, construction, and operation of large-scale renewable energy projects across all regions of operation. The company boasts one of the largest fleets of solar projects in the Americas, with 2.7 GW of operating projects and about 6 GWs of solar and wind projects in various development, construction, and operation stages.

AVATRADE

Best Futures Trading Platform // 2024

Best Educational Broker // 2024

AvaTrade is one of the most secure brokers in the industry, with 9 regulations across 6 continents.Since 2006 AvaTrade has expanded enormously; with over 400,000 registered customers globally, executing more than two million trades a month.

The company’s total trading volumes now surpass $70 billion per month. AvaTrade’s user-oriented perspective, combined with solid financial backing, is unique to the field of online trading. From our 24-hour multilingual support desks to our broad range of platforms and services, we have successfully created the optimal trading environment for every level of trader. Our wide scope includes a full spectrum of trading instruments covering , stocks, commodities, cryptocurrencies and indices.

Ava is a multi-national company with regional offices and sales centers in UAE, Dublin, Milan, Tokyo and Sydney. The company’s administrative headquarters are in Dublin, Ireland.

BASISBANK

Best Corporate Bank // Georgia 2024

Best Private Bank // Georgia 2024

Headquartered in Tbilisi, BasisBank is the 4th largest financial Group and market player in Georgia. Today, they serve our 150,000 business and retail clients covering all main regions (Central, Adjara, Imereti, Kartli and Samegrelo) in the country through network of 40 branches and strong pool of 1000 employees.

BasisBank offers industry expertise, tailored banking, insurance and leasing products and services including online and mobile banking services.

With a vision to become a robust financial services provider group, the bank combined the capacities of the full set of financial services – banking, insurance and leasing. The bank’s strong collaboration with partner international financial institutions gives a distinct advantage. BasisBank is a trusted partner to many, highly rated international financial institutions, commercial banks and investment funds.

CARLOS BARRERA

Renewable Energy CEO Of The Year // LATAM 2024

Carlos (‘Ucho’) Barrera is currently the CEO of Atlas Renewable Energy, a leading renewable energy company with operations in the Americas that is currently one of the largest solar IPPs in the region.

Before his current position, Carlos Barrera was the VP & Managing Director of SunEdison for Latin America, responsible for the company’s Latin America business unit and with overall accountability for the commercial strategy, operational execution, P&L and regional corporate results. He oversaw the contracting, construction and execution of over 500MW and an overall investment sum of $1bn structured with project finance.

Before joining SunEdison, Carlos Barrera worked at BP Solar, where he led a number of successful large-scale solar project sales to institutional investors across Europe.

Carlos holds a Bachelor of Science Degree in Mechanical Engineering and Mechanics from Lehigh University in Pennsylvania (USA), and an Executive MBA from Kellogg School of Management, Northwestern University. He has also holds a certificate of Program for Leadership Development (PLD) from Harvard University.

DEUNA

Most Innovative Digital Wallet // Ecuador 2024

Deuna has been in the financial market of Ecuador for 4 and a half years and has positioned itself as the leading digital wallet. It has connected over 380,000 businesses, including entrepreneurs, small businesses, and large companies, with a user base that has already reached 4 million people, creating the largest digital payment ecosystem in the country.

Deuna is not just a payment platform; it is a catalyst for dreams that has actively contributed to financial inclusion, offering secure and user-friendly payment solutions that drive economic growth and a better quality of life throughout the country.

DEVERE

Best Company – deVere Group // 2024

Best Client Service – deVere Group // 2024

The deVere Group of companies is one of the world’s leading independent financial institutions offering clients across the globe the powerful combination of personal financial advice and innovative digital solutions.

Founded in 2002 and now comprising of over 50 different legal entities globally, deVere provides a broad range of Financial Services including retirement planning, fixed-income investments, ESG investing, digital asset investing and much more.

EASTWEST

Best Private Bank // South East Asia 2024

East West Banking Corporation (EastWest) is one of the largest universal banks in the Philippines today. A subsidiary of the Filinvest Development Corporation (FDC), one of the country’s leading conglomerates, EastWest caters to the financial needs of a wide range of customer profiles.

The Bank’s products and services are made available across multiple distribution and delivery channels, presenting a comprehensive range of deposit products consisting primarily of peso demand, savings, and time deposits. Renowned in the local industry, EastWest’s spectrum of loan options, ranging from consumer loans— covering auto, mortgage, and personal needs—to corporate loans enable more Filipinos to achieve their financial goals.

The Bank also extends offerings in U.S. dollar and other foreign currency savings and time deposits, as well as various payment solutions, including debit, prepaid, and credit cards.

HARUNA MUSA

Banking CEO Of The Year // Nigeria 2024

Haruna Musa (Ph.D) was appointed Managing Director/CEO of Jaiz Bank Plc on 21 November 2023. He is a seasoned banker with over 27 years of cognate experience in banking across Nigeria and Africa. He is an alumnus of Ahmadu Bello University, Zaria, Bayero University, Kano, and Cranfield University, United Kingdom. He obtained Doctorate of Philosophy in Islamic Banking and Finance from the Universiti Utara in Malaysia.

Before his appointment as the MD/CEO of Jaiz Bank Plc, he served as Executive Director with GT Bank for eight years, and garnered 22 years out of his 27 years’ wealth of banking experience working for Guaranty Trust Bank Holding Company (GTCO) from March 2001–October 2023.

Musa was also appointed as a Non- Executive Director with GT Bank (Cote D’Ivoire Ltd) and Chairman of the Board Audit Committee from March 2015 to October 2023, where he contributed to the turn-around of the Bank from a loss position to consistent profitability.

HIPA

FDI Destination Of The Year // CEE 2024

Istvan Joo | FDI CEO Of The Year // CEE 2024

The Hungarian Investment Promotion Agency (HIPA) was established by the Hungarian Government in 2014 in order to facilitate investments by providing client –oriented services. Hungary offers several types of incentives in order to support the settlement of companies in the country and HIPA provides up-to-date information for inquiring companies.

A business-friendly environment, one of Europe’s most competitive taxation systems, a highly-skilled workforce and lucrative incentive opportunities have been driving investments to a record high year after year in Hungary. Between 1 January 2014 and 31 December 2023, HIPA guided 2,123 projects in value of some EUR 49 billion to create over 150,000 new jobs. In 2023 HIPA doubled the previous investment record set one year earlier, with 209 projects generating investments worth EUR 13 billion.

INVESTBANK CORP

Investment Bank Of The Year // USA 2024

Don Christensen | Banker Of The Year // USA 2024

Headquartered in the United States of America, InvestBank Corp. is a global investment banking leader. InvestBank’s deal pipeline includes some of the most meaningful investment banking transactions in the world. From sovereign debt financings, to arranging financing for an iimpactful greenfield medical supplies manufacturing company in Kenya, to securing a trade finance facility for a leading energy solutions provider whose products often help mitigate the effects of inadequate local power infrastructure in Nigeria, InvestBank Corp. is the investment bank of choice for companies and government entities around the world.

InvestBank Corp. is also a participant in the United Nations Global Compact. InvestBank has established itself as a committed global ESG leader. InvestBank’s ESG goals and principles are designed to create significant impact, transformative change, and a more sustainable future. InvestBank’s global ESG leadership is evidenced by its partnership with the East African Community (“EAC”) and African Battery Initiative. InvestBank is assisting the EAC and African Battery Initiative with the development and industrialization of the battery minerals supply chain in the East African Community region.

JAIZ BANK

Best Islamic Bank // East Africa 2024

Best Non-Interest Bank // East Africa 2024

Jaiz Bank Plc, the pioneer Non-Interest Bank in Nigeria has been providing ethical services to individuals, corporate and government entities since 2012 with the mission of Making Life Better Through Ethical Finance.

Since it commenced operations in 2012, the nation’s premier Non-Interest Bank has maintained its leadership role by deepening this alternative model of financing, thus providing the foundation for its expansion, and providing the needed ethical funding for infrastructural development in the country.

It is worth noting that the Bank maintains the record of being the first Islamic Bank in the world to break even within the first three years in operations even when there was no Islamic banking and finance instruments to invest on in the country.

JAMES GREEN

Best Director // 2024

James Green is an award-winning global business leader, and undeniably one of the most respected and highest profile figures in the highly competitive international financial industry.

In his current role, he is Divisional Manager of Europe and Latin America for deVere Group, one of the world’s largest independent financial advisory, asset management and fintech organisations.

These regions are, for a myriad of reasons –including the many different and complex tax and regulatory landscapes - arguably the most complex in the world for financial services firms to do business.

But despite these daunting challenges, James has overseen assets under management increase to more than £1 billion in Europe alone in the last three years.

JOE LI

Best Global Forex Chairman // 2024

Joe Li is the Chairman and Group CEO of ATFX, a leading global fintech broker with a local presence in 23 locations.

A graduate of the University of Hong Kong, Joe has worked as an executive for several well-known international listed investment companies, including ADS, a global financial services company, and FXCM, a global forex and CFD broker. With more than ten years of trading experience in investment and comprehensive management, Joe Li joined ATFX in 2017.

MARKETS4YOU

Best Forex Broker // Asia 2024

Fastest Growing Forex Broker // 2024

Markets4you is an award-winning, multiasset trading platform offering contracts for differences (CFDs) in a wide range of markets and across various assets, including forex, stocks, commodities, and indices. For 17 years, Markets4you has been trusted by over 2.9 million traders and 52,000 partners worldwide and has paid more than US$170 million to clients and partners.

Markets4you offers clients and partners 24/7 excellent customer support in multiple languages, a wide variety of account types, diverse payment systems, copy trading through its proprietary copy trading platform – Share4you, industry-leading partnership programmes with unparalleled payouts, ultra-fast order execution, instant withdrawal, and excellent trading conditions via its own liquidity aggregator.

MONACO PROPERTIES

Best Exclusive Real Estate Agency // Monaco 2024

Monaco Properties is a premier real estate agency in the Principality of Monaco, specialising in the sale, rental, and management of luxury properties.

With over 20 years of experience, they have established themselves as a trusted and reputable partner in high-end real estate transactions. The company’s mission is to provide exceptional service tailored to individual client needs, ensuring that the process of buying, selling, or renting a property in Monaco is smooth and successful.

MOVO

Broker Of The Year // LATAM 2024

Best Trading APP // LATAM 2024

MOVO is a simple platform & application for trading financial market assets. It was created by a well-known European crypto exchange for the Brazilian market and has more than 5 million users. This app allows you to make money on any trend: both when prices are falling and when they are rising!

MOVO is a margin trading app with leverages from 1x to 50x.

Whether you are a novice looking to start small or an experienced trader seeking advanced tools and strategies, Movo provides the resources and support you need to succeed. You can Join and take control of your financial future with more confidence.

NATWEST

ESG Bank Of The Year // UK 2024

At NatWest, we help our customers stay at the forefront of ESG developments and opportunities, supporting them to achieve their green and sustainability ambitions and their transition strategy. Whether they are an issuer or an investor, we integrate ESG factors across our product spectrum.

Our leadership in ESG advisory, sustainability financing, and ESG-linked ancillary solutions is underpinned by thought leadership and strategic insights from our specialists. We are determined to play a pivotal role in addressing climate change and societal issues, offering bespoke solutions to customer groups, from large to mediumsized commercial and institutional clients across the UK, Europe, USA, and Asia.

NatWest boasts a strong track record in structuring and placing sustainable debt, is recognised as the leading bookrunner of sterling-denominated sustainable debt in the global capital markets and a popular choice for lead manager of sterlingdenominated social bonds globally.

NIGEL GREEN

Personality of the Year // 2024

London-born Nigel Green is founder and CEO of deVere Group. Following in his father’s footstep, he entered the financial services industry as a young adult.

After working in the sector for 15 years in London, he subsequently spent several years operating within the international space, before launching deVere in 2002 with a single office in Hong Kong.

Today, deVere is one of the world’s largest independent financial advisory organizations, doing business in 100 countries and with more than $12bn under advisement. It specialises global financial solutions to international, local mass affluent, and highnet-worth clients. The Group consists of more than a 100 legal entities and continues to grow.

OLUSEYE OLUSOGA

Financial CEO OF The Year // Nigeria 2024

Oluseye Olusoga started his career at Lehman Brothers London in the Debt Capital Markets before moving to Citibank as a trader within its Citigroup Global MarketsFranchise in London.

Oluseye relocated to Lagos, Nigeria in 2012 and set up Parthian Partners Limited Nigeria’s foremost Indigenous Inter-dealer brokerage firm. Oluseye led the charge in entering Parthian Partners into a Joint Venture with Tullett-Prebon-Icecap, the largest interdealer brokerage firm in the world.

Oluseye holds a First Class (Hons) degree in Electronic Engineering from the University of Surrey and is an Alumnus of the Said Business School Oxford and Warwick Business School in the UK. He is also an Alumnus of the Lagos Business School and was a member of the Capital Market Master Plan Committee. Oluseye enjoys traveling and playing table tennis.

PARTHIAN PARTNERS

Best Inter-Dealer Brokerage Firm // Nigeria 2024

Parthian Partners Limited is a financial services group with deep expertise in fixed income, structured finance, equity markets, and M&A advisory. Licensed by the Securities and Exchange Commission (SEC) since 2012, Parthian Partners proudly holds the distinction of being Nigeria’s first interdealer broker and is a member of the FMDQ Securities Exchange. The firm has facilitated over N5 trillion in FGN bonds and treasury bill trades, along with more than $1.2 billion in Eurobond transactions since 2013.

Parthian Partners is rated “Bbb” by Agusto & Co, reflecting the institution’s strong funding profile, improving profitability, experienced management team, and solid capitalisation. Committed to increasing liquidity and driving capital across the continent, Parthian Partners is dedicated to helping governments, organisations, and individuals create better financial futures.

SANTANDER

Retail bank of the year // Europe 2024

Banco Santander S.A. trading as Santander Group, is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in most global financial centres as the 19th-largest banking institution in the world.

The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. In the first quarter of 2024, Banco Santander had €1.3 trillion in total funds, 166 million customers, 8,400 branches and 211,000 employees.

SEANA CORR

Emerging Talent // 2024

Seana Corr holds the position of Wealth Manager at deVere Italia, where she has swiftly risen to become one of the most respected consultants in the region. Her journey in the financial advice industry is a testament to her dedication, perseverance, and passion for helping clients navigate the complex landscape of personal finance.

Seana’s professional development began in June 2017 when she embarked on the Business Development Associate course in Malta, a rigorous programme that laid the foundation for her financial advisory career. Over the next two years, she worked diligently to achieve her QCF Level 4 qualification, a notable accomplishment in the industry.

Throughout her career, Seana has built a reputation as a trustworthy and effective wealth manager. She currently ranks as the 15th top consultant within deVere for Assets under Management (AuM), a clear indicator of the trust and confidence her clients place in her.

SERAFIN

Most Innovative Sustainable Investment Firm // Europe 2024

Serafin Asset Management Ltd, headquartered in Zug with branches in Zürich, Lugano and Nyon is a Swiss asset management boutique. The company has been managing and distributing investment funds for over 20 years with an initial focus on high conviction equities.

SERAFIN has over the years added new capabilities like its Innovation fund strategies. More recently - through its merger with ARTICO Partners - it has expanded its focus on sustainable equity funds, all of which are classified as Article 9 SFDR. The implemented systematic investment approach uniquely combines traditional fundamental selection criteria with high sustainability/ESG rating and very low carbon footprint requirements.

Serafin Asset Management Ltd is licensed by FINMA as a “manager of collective assets” and is a signatory of the UN Principles for Responsible Investment (UNPRI).