MENA – Page 47 – PPI News Agency

November 7, 2023

Matmerize secures DOD award to develop low-flammability polymer composite materials using advanced AI methods

ATLANTA, Nov. 07, 2023 (GLOBE NEWSWIRE) — Matmerize, Inc., an industry leader in Polymer & Formulations Informatics proudly announces its selection by the US Department of Defense (DOD) for a Small Business Innovation Research (SBIR) contract aimed at advancing AI methodologies for accelerating the design of novel low-flammability polymer composite materials. Matmerize is excited about the transformative potential of this project as it will not only enhance fire safety for Navy ships and submarines, but will also find applications in a wide range of industries, including construction, aerospace, automotive and consumer products. This award comes at the heels of another SBIR recently awarded to Matmerize by the National Science Foundation (NSF) to develop physics-informed and physics-enforced machine learning architectures to advance materials development.

The flammability of polymer composites is quantified by a set of quantitative parameters, typically measured using highly standardized instruments/tests defined by the American Society for Testing and Materials (ASTM) and other agencies. Desirable polymeric materials that meet the specific values of ASTM and non-ASTM standardized tests require an optimal combination of base polymers, functional additives, flame retardants, and processing conditions. Matmerize will collaborate with DOD to develop a Polymer Informatics capability using suitable curated data and advanced AI/ML techniques, aimed at the accelerated design of low-flammability polymer matrix composites that meet other critical mechanical and thermal performance targets needed by the Navy.

Key highlights of the contract include:

(1) creation of a composite materials database with flammability and other relevant properties such as maximum heat release rate, time to ignition, and smoke density,
(2) development of AI models trained on the database to predict the relevant properties for new composite formulations, and
(3) recommend a pool of promising polymer composites, i.e., the combinations of base polymers, functional additives, flame retardants, and processing conditions, for experimentally synthesis and testing.

A Media Snippet accompanying this announcement is available by clicking on this link:

Huan Tran, Director of Research Innovation for Matmerize stated, “This collaboration signifies a major achievement in the pursuit of safer, lower-flammability polymer composites. We take great pride in spearheading the development of cutting-edge AI-driven solutions for low-flammability composite materials that not only meet rigorous ASTM testing standards but also address the vital safety requirements mandated for our Navy ships.“

At the heart of Matmerize’s innovation lies PolymRize, their flagship product – a cloud-based Polymer Informatics software platform meticulously crafted to expedite the advancement of polymers, composites, and formulations. The DOD SBIR aligns perfectly with Matmerize’s core mission to unlock the immense potential of AI in advanced materials engineering to address critical challenges and improve functionality, fire safety and sustainability. Both the DOD and the NSF SBIRs come at an opportune time and will jointly propel and advance the AI-based PolymRize technology in a synergistic manner.

Chiho Kim, CTO at Matmerize expressed his enthusiasm by stating “The two concurrent SBIR awards granted by DOD and NSF, represent a resounding endorsement of Matmerize’s pioneering Polymer Informatics platform PolymRize. These contracts will provide us the resources and support needed to further advance our AI based PolymRize platform.”

For more information on the innovative PolymRize platform please visit: https://www.matmerize.com/polymrize

About Matmerize:
Matmerize, Inc. is a recent spin-out from the Georgia Institute of Technology and was founded by Dr. Rampi Ramprasad and Dr. Chiho Kim. Matmerize is a leading innovator at the intersection of advanced materials engineering and artificial intelligence. With a mission to revolutionize fire safety and sustainability through AI technology, we are committed to pushing the boundaries of what is possible. Our dedicated team of experts strives to create solutions that positively impact new material development while minimizing the environmental footprint.

For further information, inquiries, or media contact, please reach out to:

Matmerize, Inc.
https://www.matmerize.com
E: info@matmerize.com
Y: Watch Matmerize Videos on YouTube
L: Follow our LinkedIn Page

GlobeNewswire Distribution ID 8974273

November 7, 2023

Pacific Green Enters Into Transaction to Sell Its 249MW / 373.5MWh Sheaf Energy Park Battery Development for an Enterprise Value of £210 Million (US$258 Million)

Dover, DE, Nov. 07, 2023 (GLOBE NEWSWIRE) — Pacific Green Technologies, Inc. (“Pacific Green”, OTCQB: PGTK) announces that it has entered into a transaction to sell 100% of the shares in Pacific Green Battery Energy Parks 2 Limited (“PGBEP2”) to Sosteneo Fund 1 HoldCo S.à.r.l. (“Sosteneo HoldCo”) for £210 million (US$258 million) (the “Transaction”).

PGBEP2 is the holding company for 100% subsidiary, Sheaf Energy Limited, Pacific Green’s 249 MW / 373.5 MWh battery energy storage system in Kent, England (“Sheaf Energy Park”), which will begin commercial operations in July 2025.

Sosteneo HoldCo is an investment vehicle for the Sosteneo Energy Transition Fund, managed by Sosteneo SGR S.p.A. (“Sosteneo”), a specialist manager of greenfield infrastructure projects related to the energy transition and part of the Generali ecosystem of asset management firms.

Under the terms of the Transaction, Pacific Green and Sosteneo have granted each other respective options to buy or sell the shares in PGBEP2.

As part of the Transaction, Sosteneo will provide a capital expenditure loan, which together with the senior debt facility, will fully fund the development and construction of Sheaf Energy Park.

About Pacific Green Technologies, Inc.:

Pacific Green is focused on addressing the world’s need for cleaner and more sustainable energy. Pacific Green offers Battery Energy Storage Systems and Concentrated Solar Power to complement its environmental technologies division. Pacific Green has offices in the USA, Canada, United Kingdom, Australia, Saudi Arabia and China.

For more information, visit Pacific Green’s website:
www.pacificgreen.com

Notice Regarding Forward-Looking Statements:

This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continued development of Sheaf Energy Park, the continuation of the Transaction, any potential business developments and future interest in Pacific Green’s battery, solar and environmental technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the continuation of the development of Sheaf Energy Park, the continuation of the Transaction and general economic and political conditions. These forward-looking statements are made as of the date of this news release, and Pacific Green assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Pacific Green believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in Pacific Green’s annual report on Form 10-K for the most recent fiscal year, Pacific Green’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659

GlobeNewswire Distribution ID 8974156

November 7, 2023

ROSEN, LEADING TRIAL ATTORNEYS, Encourages Waldencast plc Investors to Inquire About Securities Class Action Investigation – WALD, WALDW

NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Waldencast PLC (NASDAQ: WALD, WALDW) resulting from allegations that Waldencast may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Waldencast securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=18362 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On July 5, 2023, after the market closed, Waldencast filed a current report with the SEC in which it disclosed, among other things that certain financial statements of Obagi, a company that it had acquired, could no longer be relied upon because Waldencast expected to restate those financial statements.

On this news, the price of Waldencast stock fell $0.76, or 10.2%, to close at $6.63 on July 6, 2023.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8973764

November 7, 2023

Quantexa Launches New Asia Pacific Headquarters in Singapore to Capture Next Wave of Growth

Quantexa’s growing presence in Singapore represents significant investment in delivering AI-enabled Decision Intelligence (DI) solutions to Enterprises and Government Agencies across Asia Pacific
Quantexa has seen double-digit growth and tripled employee base in Asia Pacific region since Series D announcement in 2022
The new location in Singapore reinforces Quantexa’s global network and brings the company closer to its clients and partners in the region

SINGAPORE, Nov. 07, 2023 (GLOBE NEWSWIRE) — Quantexa, the global leader in Decision Intelligence (DI) solutions for the public and private sectors, today announced the opening of its new Asia Pacific Headquarters based in Tower 1 of Marina Bay Financial Centre (MBFC) in Singapore. The opening is part of a broader regional expansion plan and follows the July 2023 launch of Quantexa’s Japan operations in Tokyo and long-standing presence in Melbourne, Sydney and Malaysia. Further expansion into Hong Kong is expected in 2024.

The organization’s decision to set up its regional headquarters in Singapore was solidified by the country’s commitment to attracting investment, talent, and technology. Establishing Quantexa’s new office locally complements the government’s Smart Nation initiative which outlines its plan to invest up to SGD500 million in Artificial Intelligence (AI) research and development.

Economic forecasts for Southeast Asia predict that it will remain one of the fastest growing regions for years to come. Additionally, over the past 12 months, Quantexa has seen significant demand in the region as local banks and government agencies put an increased emphasis on detecting and preventing financial crime as the number of large-scale money laundering operations in region have risen, costing victims abroad billions of dollars^[1]. Recently, Singapore authorities have taken measures to ensure that financial institutions scrutinise monetary flows with city state managed assets valued at USD4 trillion^[2]^.

Quantexa’s regional headquarters will provide sales, marketing, product management, and professional services capabilities to support customer implementations of its Decision Intelligence Platform in the banking, insurance and telecommunications industries, as well as the public sector. The opening comes after Quantexa recently completed its Series E Funding Round led by GIC Singapore, valuing the company north of $1.8 billion, and announcing a $155 million investment to fuel global artificial intelligence advancements.

Today, Quantexa will host an event to showcase local technology innovation and partnerships at The National Museum of Singapore. Quantexa CEO Vishal Marria will be joined by esteemed industry leaders from GIC, Singapore’s Digital and Intelligence Service (DIS), and Standard Chartered Bank for a panel discussion on “Charting New Pathways for AI Innovation.”

Vishal Marria, CEO and Founder, Quantexa, said: “Quantexa has seen 90% revenue growth and we have nearly tripled our team size in the Asia Pacific region since our Series D announcement. With today’s announcement of our new regional headquarters in Singapore, we continue to accelerate our growth plans and get closer to our clients and partners as we serve the region.”

Choo Yong Cheen, Chief Investment Officer of Private Equity, GIC, said: “We are pleased to see Quantexa establish their new regional headquarters in Singapore as part of their expansion efforts in Asia. As Quantexa continues to benefit from increasing regulatory emphasis on compliance and demand for AI capabilities in data management, we remain confident in the company’s growth potential.”

Jinghua Guo, Chief Digitization Officer, The Digital and Intelligence Service, added: “The Digital and Intelligence Service views AI as a mission-critical capability for the Singapore Armed Forces to safeguard the sovereignty and security of Singapore. We have always worked closely with other technology partners in government to build cutting-edge AI capabilities for defence. But beyond this, we need to harness the rapid innovations from commercial companies as part of our AI portfolio to address our operational needs more effectively. Therefore, we are interested to further explore how cutting-edge solutions from technology leaders like Quantexa can help us succeed in our mission.”

Sean Coppinger, CIO, Standard Chartered Bank, said: “We are thrilled that Quantexa is expanding its presence here. Since 2018, we have worked closely with Quantexa to use AI-enabled data matching capabilities to get a complete view of our customers and their transaction networks. This has helped us raise the bar on how the industry detects fraud and fights financial crime.”

The Singapore Headquarters joins a growing portfolio of Quantexa hubs including London, Dublin, Brussels, Malaga, UAE, New York, Boston, Toronto, Sydney, Melbourne, and Tokyo.

Quantexa’s Asia Pacific team is expanding and is actively recruiting several open positions. To find out more about current vacancies, visit this page.

Note to Editors:

For more information on Quantexa, please visit the website here.

Media Inquiries:

C: Alina Boey, Senior Consultant, Milk & Honey PR

T: +65 96565580

E: alinab@milkandhoneypr.com

About Quantexa

Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 675 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, Dublin, Brussels, Malaga, UAE, New York, Boston, Toronto, Sydney, Melbourne, and Tokyo.

About GIC

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. Its long- term approach, multi-asset capabilities, and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 2,100 people in 11 key financial cities and has investments in over 40 countries. For more information, please visit www.gic.com.sg or follow on LinkedIn.

^[1] Source: Nikkei Asia article – Singapore stands out as a global tech hub amid U.S.-China tensions

^[2] Source: South China Morning Post article – Singapore readies roll out of anti-money-laundering platform to prevent a 1MDB repeat

GlobeNewswire Distribution ID 1000898055

November 6, 2023

King Faisal Specialist Hospital & Research Centre Successfully Concludes its Role as a Strategic Healthcare Partner at Global Health Exhibition 2023

Post Press Release _01

RIYADH, Saudi Arabia, Nov. 06, 2023 (GLOBE NEWSWIRE) — The Global Health Exhibition, held from October 29 to October 31, 2023, proved an outstanding success for the King Faisal Specialist Hospital & Research Centre (KFSH&RC).

As a Strategic Healthcare Partner, KFSH&RC showcased groundbreaking initiatives aimed at enhancing operational efficiency across crucial medical domains, encompassing the patient care journey, space research, genetic studies, state-of-the-art radiation therapy techniques, organ transplantation advancements (including a world-first fully robotic living donor transplant), capacity management, and the production of radiopharmaceuticals to attain self-sufficiency within the Kingdom.

On the inaugural day, H.E Dr. Majid Al Fayyadh delivered a keynote address focusing on the promising future of Medical Tourism in the Kingdom, underscoring KFSH&RC’s continuous efforts to enhance services for international patients. “KFSH&RC’s transformative journey into a non-profit institution, primarily focusing on serving patients from the Gulf region, began in 2021. In its inaugural year, the hospital admitted 250 patients, and we’ve since witnessed an impressive 40% annual growth. We aim to extend our care to 10,000 patients by 2030.”

Dr. Yaseen Mallawi, Acting Chief Executive Officer – Healthcare Delivery at KFSH&RC, participated in a panel discussion addressing “Challenges to accelerating the transformation of the Saudi Health Sector,” where he emphasized the hospital’s commitment to prioritizing patients’ functional well-being within a value-based healthcare system.

Post Press Release _02

Muhannad Al Kadi, Chief Corporate Communications & Marketing Officer at KFSH&RC, expressed his delight at the forum’s success, stating, “It was a pleasure to convene with sector leaders, share our vision, and witness the impact of our collaborations. The Global Health Exhibition has been a remarkable platform to explore new opportunities that will further bolster the healthcare landscape in the Kingdom and beyond.”

KFSH&RC’s experts actively engaged in various panel discussions. Dr. Dieter Broering, Executive Director of the Organ Transplant Center of Excellence, shared insights into the potential of cutting-edge surgical technologies to reshape healthcare. Dr. Mohammed Alhamid, Director of the Centre of Healthcare Intelligence, delivered a thought-provoking speech on AI-powered healthcare, shedding light on the future of healthcare intelligence.

Post Press Release _03

Furthermore, the event marked a significant milestone for KFSH&RC as they celebrated their 100th Car-T Cell procedure, a noteworthy achievement in the Middle East. The hospital also received the prestigious “Best Public Services Call Centre of The Year – Critical” award at the Annual Middle East Call Centre 2023 Awards.

On the sidelines of the Global Health Exhibition, KFSH&RC sealed pivotal MoUs. It partnered with SABIC, a global leader in diversified chemicals, to drive healthcare product development and innovation. King Faisal Specialist Hospital International Holding Company, the investment arm for KFSH&RC, established a strategic partnership with Solutions by STC to enhance the healthcare business landscape and identify mutual growth areas in the sector.

Post Press Release _04

Additional MoUs were signed with Microsoft Arabia, focusing on sustainability and innovation for enhanced patient care, and with the Hevolution Foundation, emphasizing the advancement of longevity and ageing research. KFSH&RC also partnered with Illumina and signed an MoU with Johnson & Johnson, with the primary vision of revolutionizing surgical training in the region.

Contact information:
kfshrc@mcsaatchi.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/d1fbe6f1-ca8c-4648-b5cc-d0face002bb9

https://www.globenewswire.com/NewsRoom/AttachmentNg/4186aff8-a70d-418f-805f-7c56627ef4c7

https://www.globenewswire.com/NewsRoom/AttachmentNg/f07ba549-9d99-43b8-abfb-c884ff5814ad

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GlobeNewswire Distribution ID 8973282

November 6, 2023

Number of active GPs in Gulf Cooperation Council doubles as domestic opportunities emerge — Preqin reports

Saudi Arabia holds lion’s share of alternative AUM in the GCC at $10.0bn

LONDON, Nov. 06, 2023 (GLOBE NEWSWIRE) — Preqin, the global leader in alternative assets data, tools, and insights, published its Private Capital in the Gulf Cooperation Council 2023: Preqin Territory Guide report. The report explores how the alternatives market in the Gulf Cooperation Council (GCC)* is increasingly looking to domestic investment opportunities, beyond oil.

Years of growth paint a picture of optimism

The GCC’s assets under management (AUM) in private capital hit $1bn in December 2008, reaching $5.8bn as of December 2021, before more than doubling to $12.3bn in 2022, according to Preqin data. Saudi Arabia holds the lion’s share of this AUM in Dec 2022 at $10.0bn, followed by the United Arab Emirates (UAE) AUM with $2.1bn.

Preqin data and insights in the report point to how the GCC is emerging as a potential destination for capital deployment. This trend is demonstrated by the growing number of active fund managers and headline deals being completed by investors such as Blackstone, CVC Capital Partners, Silver Lake, and Apollo. Furthermore, the 529 active GPs in GCC member countries as of 2023 has nearly doubled from 268 in 2018.

An important factor driving change across alternative assets in the GCC is the role of the countries’ sovereign wealth funds (SWFs). Middle East-based SWFs, with combined AUM of more than $3.7tn as of March 2023, are among the biggest investors in alternative assets. Average allocations in 2022 surged to an unprecedented 44% of AUM in December 2022, representing an increase from 22% from December 2021.

David Dawkins, report author, at Preqin says, “As GCC leaders focus on domestic employment opportunities for their young population, the region’s SWFs are becoming more focused on domestic investments. Even a small uptick of the domestic fund alternatives allocations would have a transformative impact on the GCC’s private capital GPs.”

Key findings from the Private Capital in the Gulf Cooperation Council 2023 report include:

Venture capital: AUM for venture capital in the GCC reached $2.9bn as of December 2022, up from $1.5bn in December 2021. A change in investor sentiment towards the region has attracted capital into venture capital funds, with dry powder quadrupling from $400mn in December 2021 to $1.63bn at the end of 2022.
Fundraising: In 2022, 23 venture capital funds closed with aggregate capital raised of around $2.5bn. In real estate, between September 2021 and September 2023 year-to-date (YTD), 81 funds have closed with an aggregate capital raised of $2.3bn. And in private equity, between 2018 and 2020, 38 funds closed at an aggregate raise of $1.7bn. In other words, 142 funds in the GCC, between 2018 and 2023, raised a total $6.5bn.
Private equity: AUM for private equity in the GCC reached $2.2bn in December 2022, up from $1.25bn in December 2021.
Private debt: Half of the GCC’s LPs (50%) surveyed by Preqin earlier this year stated they plan to increase allocations to private debt, compared with just 25% looking to decrease. Not only is this more than any other alternative asset class, it is a full six percentage points higher than our poll of investors globally.

For more information, and to receive a full copy of the report contact, Mimi Celeste Taylor at mimiceleste.taylor@preqin.com

Notes to the editors

* The Gulf Cooperation Counci (GCC) consists of the intergovernmental, political, and economic union of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

About Preqin

Preqin, the Home of Alternatives, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for over 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.

GlobeNewswire Distribution ID 1000897792

November 6, 2023

Henley & Partners and Insignia Join Forces to Create Unique Membership Offering for Global Citizens

LONDON, Nov. 06, 2023 (GLOBE NEWSWIRE) — Henley & Partners, the ‘firm of global citizens’ and leader in residence and citizenship advisory, has partnered with the leading ultra-luxury lifestyle management and card services group, Insignia, to create a distinctive and exclusive membership offering. Henley Global Citizens is a bespoke ‘by invitation only’ service designed to meet the specific needs of wealthy transnational families, entrepreneurs, and investors who do business, invest, and live internationally and who identify themselves as citizens of the world.

Besides priority access, personal introductions, and complimentary consultations with trusted international banks, leading private client lawyers and other top industry professionals in all key jurisdictions worldwide, the Henley Global Citizens offering includes a membership card, which is also a Visa payment card for large, unlimited payments and cash withdrawals, and to make international wire transfers in major currencies. More importantly, it provides access to a dynamic global network of wealthy and influential individuals and families, and an annual calendar of high-level closed-door events, including private dinners at the WEF in Davos, around the UNGA in New York, the Grand Prix in Monaco, and other major business, geopolitical, sporting, and cultural events around the world.

Members and their families can also benefit from complimentary consultation on global education planning and introductions to the world’s top schools and universities, as well as strategic health advice, access to preventive medicine and longevity programs, and the scheduling of medical checkups at the most advanced healthcare locations including Switzerland, Germany, Singapore, the UAE, the UK, and the USA.

Dr. Christian H. Kaelin, Group Chairman of Henley & Partners, says bringing together the high-profile clients of both businesses and combining their expertise to create a unique and exceptional international advisory and service offering is a logical extension for ‘the firm of global citizens’. “For those of us who see ourselves as global citizens, we are not foregoing our other identities, commitment and affiliations to our own countries, culture, religious and even political beliefs. These continue to give us meaning and add value to our lives. But because we are living in an intimately connected and interdependent world, and operating in a global market, we have added another layer of global identity, interest and responsibility. The Henley Global Citizens membership acknowledges and supports this identity and lifestyle in a very practical, everyday way that can add tremendous value for its members.”

Nada T. Rouviere, President of Insignia Group, stated, “Our partnership with Henley & Partners represents a new era in luxury lifestyle management. At Insignia, we have always been dedicated to providing our members with unparalleled experiences, and the Henley Global Citizens card is the embodiment of this commitment. Together with Henley & Partners we are redefining the meaning of global citizenship, offering an exclusive gateway to a world of limitless possibilities and connections. We look forward to enriching the lives of our members by facilitating their journey as true global citizens.”

Henley Global Citizens will be launched at a bespoke event on Friday, 10 November, following the 17 ^th annual Global Citizenship Conference which takes place this week (8-10 November) at the Shangri-La Hotel DIFC in Dubai, UAE.

The international conference hosted by Henley & Partners, where this year over 400 delegates from over 35 countries are expected to attend, has become the world’s largest and most significant gathering on global private wealth and investment migration, bringing together presidents, prime ministers, senior government ministers and officials, leading academics, private client advisors, family offices, and wealth management professionals, as well as many affluent entrepreneurs and investors.

The 2023 conference program features sophisticated, cutting-edge content on the major developments shaping global wealth planning, investment migration, and geopolitics today.

Notes to Editors

For further information and media accreditation to attend the Henley Global Citizens launch (10 November) and/or the 17th annual Global Citizenship Conference (8-10 November) please contact:

Sarah Nicklin

Group Head of Public Relations

sarah.nicklin@henleyglobal.com

Mobile: +27 72 464 8965

About Henley & Partners

Henley & Partners is the global leader in residence and citizenship by investment. Each year, hundreds of wealthy individuals and their advisors rely on our expertise and experience in this area. The firm’s highly qualified professionals work together as one team in over 40 offices worldwide.

The concept of residence and citizenship by investment was created by Henley & Partners in the 1990s. As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors whom we proudly serve every day.
Henley & Partners also runs the world’s leading government advisory practice for investment migration, which has raised more than USD 12 billion in foreign direct investment. Trusted by governments, the firm has been involved in strategic consulting and in the design, set-up, and operation of the world’s most successful residence and citizenship programs.

www.henleyglobal.com

About Insignia

Founded in 1996, Insignia began its journey as a provider of travel-related services and payment cards. Today, it has flourished into a comprehensive global luxury consultancy service, offering a bespoke 360-degree approach customized to meet each member’s needs.

With 24/7 access to dedicated personal assistants and an in-house lifestyle team, Insignia brings unprecedented service to its members. Insignia showcases an enviable range of super-premium and premium payment cards, from exquisite jewelry-inspired designs to refined luxury metal finishes. These offer unlimited spending potential and are tailored for business and individual use.

With over 27 years of experience, Insignia has mastered the art of catering to the lifestyle needs of the most influential and affluent individuals across the globe. Membership is by invitation only and is intentionally limited to maintain an atmosphere of exclusivity.

Today it is present in 7 cities – Dubai, London, New York, Hong Kong, Valletta, Bratislava and Geneva.

www.insignia.com

GlobeNewswire Distribution ID 1000897511