Wednesday, April 28, 2021

Takeda Announces U.S. FDA Grants Priority Review for New Drug Application for Mobocertinib (TAK-788) as a Treatment for EGFR Exon20 Insertion+ Metastatic Non-Small Cell Lung Cancer

 − Prescription Drug User Fee Act (PDUFA) Target Action Date Set for October 26, 2021


CAMBRIDGE, Mass. & OSAKA, Japan-Wednesday 28 April 2021 [ AETOS Wire ]


(BUSINESS WIRE) -- Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) (“Takeda”) today announced that the U.S. Food and Drug Administration (FDA) has granted priority review for the company’s New Drug Application (NDA) for mobocertinib (TAK-788) for the treatment of adult patients with epidermal growth factor receptor (EGFR) Exon20 insertion mutation-positive (insertion+) metastatic non-small cell lung cancer (mNSCLC), as detected by an FDA-approved test, who have received prior platinum-based chemotherapy. Mobocertinib is the first oral therapy specifically designed to selectively target EGFR Exon20 insertion mutations.


“Patients with EGFR Exon20 insertion+ mNSCLC face considerable challenges, as current treatment options provide limited benefit, resulting in poor survival outcomes,” said Christopher Arendt, head, Oncology Therapeutic Area Unit, Takeda. “We are excited to be one step closer to offering mobocertinib as an effective oral therapy for NSCLC patients with EGFR Exon20 insertions that have received prior platinum-based chemotherapy and look forward to continuing conversations with regulatory agencies in the U.S. and around the globe.”


The NDA for mobocertinib is primarily based on results from the Phase 1/2 trial, which is evaluating the safety and efficacy of oral mobocertinib in patients with mNSCLC. The application was submitted under the FDA’s accelerated approval program. The review is being conducted under Project Orbis, an initiative of the FDA Oncology Center of Excellence (OCE), which provides a framework for concurrent submission and review of oncology products among international partners.


Takeda has established an Expanded Access Program (EAP) (NCT04535557) for patients in the U.S. who may be eligible to receive access to mobocertinib during the review of the NDA. Additional information about Takeda’s EAP is available here.


About Mobocertinib (TAK-788)


Mobocertinib is an investigational, first-in-class, oral tyrosine kinase inhibitor (TKI) specifically designed to selectively target epidermal growth factor receptor (EGFR) Exon20 insertion mutations. In 2019, the U.S. FDA granted mobocertinib Orphan Drug Designation for the treatment of lung cancer with HER2 mutations or EGFR mutations including Exon20 insertion mutations. In April 2020, mobocertinib received Breakthrough Therapy Designation from the FDA for patients with EGFR Exon20 insertion+ metastatic non-small cell lung cancer (mNSCLC) whose disease has progressed on or after platinum-based chemotherapy. In October 2020, mobocertinib was designated as a Breakthrough Therapy in China by the Center for Drug Evaluation (CDE) for locally advanced or metastatic NSCLC patients with EGFR Exon20 insertion mutations who have been previously treated with at least one prior systemic chemotherapy.


About the Phase 1/2 Trial


The Phase 1/2 trial aims to evaluate the safety, pharmacokinetics and anti-tumor activity of oral mobocertinib in patients with non-small cell lung cancer (NSCLC). The trial is comprised of a Phase 1 dose-escalation, evaluating mobocertinib as a monotherapy and in combination with chemotherapy, several expansion cohorts and an extension cohort in patients with epidermal growth factor receptor (EGFR) Exon20 insertion+ metastatic NSCLC (mNSCLC).


The platinum-pretreated population efficacy analysis investigated 114 patients with EGFR Exon20 insertion+ mNSCLC who received prior platinum-based therapy in the Phase 1/2 trial and were treated with mobocertinib at the 160 mg once daily dose.


About EGFR Exon20 Insertion+ mNSCLC


Non-small cell lung cancer (NSCLC) is the most common form of lung cancer, accounting for approximately 85% of the estimated 1.8 million new cases of lung cancer diagnosed each year worldwide, according to the World Health Organization.1,2 Patients with epidermal growth factor receptor (EGFR) Exon20 insertion+ metastatic NSCLC (mNSCLC) make up approximately 1-2% of patients with NSCLC, and the disease is more common in Asian populations compared to Western populations.3-7 This disease carries a worse prognosis than other EGFR mutations because there are currently no FDA-approved therapies that target EGFR Exon20 insertions, and current EGFR TKIs and chemotherapy provide limited benefit for these patients.


Takeda is committed to continuing research and development in EGFR Exon20 insertion+ mNSCLC with the hope of introducing a targeted treatment option for the approximately 30,000 patients diagnosed with the disease worldwide each year, including 3,000 in the U.S. alone.3,4


Takeda’s Commitment to Oncology


Our core R&D mission is to deliver novel medicines to patients with cancer worldwide through our commitment to science, breakthrough innovation and passion for improving the lives of patients. Whether it’s with our hematology therapies, our robust pipeline, or solid tumor medicines, we aim to stay both innovative and competitive to bring patients the treatments they need. For more information, visit www.takedaoncology.com.


About Takeda Pharmaceutical Company Limited


Takeda Pharmaceutical Company Limited (TSE: 4502/NYSE: TAK) is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to discover and deliver life-transforming treatments, guided by our commitment to patients, our people and the planet. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Genetics and Hematology, Neuroscience, and Gastroenterology (GI). We also make targeted R&D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people’s lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries. For more information, visit https://www.takeda.com.


Important Notice


For the purposes of this notice, “press release” means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by Takeda Pharmaceutical Company Limited (“Takeda”) regarding this release. This press release (including any oral briefing and any question-and-answer in connection with it) is not intended to, and does not constitute, represent or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, exchange, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. No shares or other securities are being offered to the public by means of this press release. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. This press release is being given (together with any further information which may be provided to the recipient) on the condition that it is for use by the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restrictions may constitute a violation of applicable securities laws.


The companies in which Takeda directly and indirectly owns investments are separate entities. In this press release, “Takeda” is sometimes used for convenience where references are made to Takeda and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.


Forward-Looking Statements


This press release and any materials distributed in connection with this press release may contain forward-looking statements, beliefs or opinions regarding Takeda’s future business, future position and results of operations, including estimates, forecasts, targets and plans for Takeda. Without limitation, forward-looking statements often include words such as “targets”, “plans”, “believes”, “hopes”, “continues”, “expects”, “aims”, “intends”, “ensures”, “will”, “may”, “should”, “would”, “could” “anticipates”, “estimates”, “projects” or similar expressions or the negative thereof. These forward-looking statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those expressed or implied by the forward-looking statements: the economic circumstances surrounding Takeda’s global business, including general economic conditions in Japan and the United States; competitive pressures and developments; changes to applicable laws and regulations, including global health care reforms; challenges inherent in new product development, including uncertainty of clinical success and decisions of regulatory authorities and the timing thereof; uncertainty of commercial success for new and existing products; manufacturing difficulties or delays; fluctuations in interest and currency exchange rates; claims or concerns regarding the safety or efficacy of marketed products or product candidates; the impact of health crises, like the novel coronavirus pandemic, on Takeda and its customers and suppliers, including foreign governments in countries in which Takeda operates, or on other facets of its business; the timing and impact of post-merger integration efforts with acquired companies; the ability to divest assets that are not core to Takeda’s operations and the timing of any such divestment(s); and other factors identified in Takeda’s most recent Annual Report on Form 20-F and Takeda’s other reports filed with the U.S. Securities and Exchange Commission, available on Takeda’s website at: https://www.takeda.com/investors/sec-filings/ or at www.sec.gov. Takeda does not undertake to update any of the forward-looking statements contained in this press release or any other forward-looking statements it may make, except as required by law or stock exchange rule. Past performance is not an indicator of future results and the results or statements of Takeda in this press release may not be indicative of, and are not an estimate, forecast, guarantee or projection of Takeda’s future results.


View source version on businesswire.com: https://www.businesswire.com/news/home/20210427006162/en/


Contacts

Media:

Japanese Media

Ryoko Matsumoto

ryoko.matsumoto@takeda.com

+81 (0) 3-3278-3414


Media Outside Japan

Lauren Padovan

lauren.padovan@takeda.com

+1 (617) 444-1419


Permalink : https://www.aetoswire.com/news/takeda-announces-us-fda-grants-priority-review-for-new-drug-application-for-mobocertinib-tak-788-as-a-treatment-for-egfr-exon20-insertion-metastatic-non-small-cell-lung-cancer/en


SES’s Next-Gen NGSO System Readies for Launch with 8 Initial O3b mPOWER Satellite Ground Stations

 Strategically located satellite ground stations mean customers will be able to easily access high-performance services


LUXEMBOURG -Wednesday 28 April 2021 [ AETOS Wire ]


(BUSINESS WIRE)-- SES announced today that it has signed agreements with key infrastructure service providers around the world to build its eight initial O3b mPOWER satellite ground stations. Construction has already started on these advanced technology satellite ground stations, which will become operational in the second half of this year. The eight sites will provide telemetry, tracking and control capabilities to enable SES’s management of the constellation. They will also be leveraged to raise the satellites into the right orbit after the scheduled launches.


As previously announced, two of the satellite ground stations are located at Dubbo, NSW, Australia (operated by Pivotel) and Thermopylae, Greece (operated by OTE). Other locations include Merredin, Perth, Australia; Phoenix, Arizona, US; Chile; the United Arab Emirates; Senegal as well as SES’s own satellite ground station in Hawaii. Four out of the eight sites will be co-located and operated with Microsoft’s Azure data centres; the one-hop connectivity to the cloud from remote sites will provide O3b mPOWER customers the ability to optimise business operations with significant flexibility and agility.


O3b mPOWER is SES’s next-generation Medium Earth Orbit (MEO) system. Building on the success of O3b, each of the 11 high-throughput, low-latency O3b mPOWER satellites will deliver high-speed connectivity services from tens of megabits to multiple gigabits per second, providing fibre-like connectivity to customers globally.


The O3b mPOWER satellite ground stations have many technically advanced features compared to the existing O3b satellite ground station. They include a new generation of fast-install 5.5-metre carbon fibre antennas which can be installed without the need for expensive and time-consuming photogrammetry. In addition, they will utilise energy-efficient solid-state power amplifiers, and a low electrical load for the antenna control unit (ACU).


The satellite ground stations will use SES’s gateway management system for automated operations and handovers, which will be tightly integrated with SES’s unique resource management capability, Adaptive Resource Control (ARC) and other SES software sub-systems. With this configuration, SES will dynamically manage and optimise space and ground resources to meet the changing needs of its customers. These combined technology advances result in improved efficiency and lower total cost of ownership.


The first three O3b mPOWER satellites are scheduled for launch in the third quarter of this year, with the next three in the first quarter of 2022. After orbit raising, O3b mPOWER will start delivering services in the third quarter of 2022.


Stewart Sanders, Executive Vice President of Technology and O3b mPOWER programme manager at SES, said, “We are thrilled to have chosen these eight locations and construction is underway. We are also deep in discussions with several telco players and operators who are keen to have their own O3b mPOWER satellite ground station. This is particularly exciting, as it means that SES’s provision of a core network of command, control and data gateways will be augmented with a number of customer satellite ground stations; satellite ground stations provisioned according to our customer needs, with regards to location, size and infrastructure requirements. We expect a number of these customer satellite ground stations to include virtualised installations of the cloud at the edge of the deployed networks, thus improving the end-user experience.”


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About SES


SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over 8,200 channels and has an unparalleled reach of 361 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.


View source version on businesswire.com: https://www.businesswire.com/news/home/20210427006193/en/


Contacts

Suzanne Ong

External Communications

Tel. +352 710 725 500

suzanne.ong@ses.com



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Trem Global to Introduce Turkey to International Investors With High-Profile Actor Burak Özçivit

 Turkish film and TV star joins forces with prominent international investment consultancy firm to promote investment opportunities in Turkey among global audiences especially in İstanbul, New York, Toronto, London and Dubai

 


ISTANBUL-Wednesday 28 April 2021 [ AETOS Wire ]


(BUSINESS WIRE)-- Investment consultancy firm Trem Global has signed a deal with Burak Özçivit, a Turkish actor with an international fan-base who will serve as the company’s “brand ambassador” and promote Turkey’s economic stimulus packages in foreign investment markets.


Turkey: A Dynamic Venue for Investment


Thanks to its strategic position between Europe and Asia and its relatively young and qualified labor force, Turkey represents an attractive – and highly dynamic – destination for foreign investment.


According to global management consulting firm Kearney, the rate of foreign investment in Turkey rose by 35 percent – to some $4.6 billion – in 2020. This is despite the fact that, within the same period, foreign investment worldwide fell by 33 percent, due mainly to the Covid-19 pandemic.


Many observers attribute Turkey’s success in this regard to the generous raft of incentives the country offers to would-be investors. These include the granting of residency and/or citizenship rights to foreign nationals who make capital investments of $500,000 or more, purchase real estate worth at least $250,000, or create local opportunities for employment.


Global Appeal, Global Reach


The international appeal of Turkish television serials, many of which have drawn global audiences in the hundreds of millions, has provided the country with unique opportunities to market itself to potential investors.


Özçivit has played starring roles in numerous Turkish television series and films, many of which have drawn global audiences. The actor has said he is both “happy and proud” to have this unique chance to promote his country.


A short promotional film about the campaign, to be shot with the next few weeks, has prompted considerable excitement among fans of the actor, who recently mentioned the upcoming project on his social-media accounts.


“Our budding partnership with Burak Özçivit, will help us tap into lucrative investment markets, especially those in New York, Toronto, London and Dubai. Burak and our company share the same objective: we both want to raise Turkey’s profile on the world stage, especially among international investors.” says Muhammet Torun. “It is part of our long-term policy goal of achieving – and maintaining – a global reach.”

Contacts


Arda Lale

arda@tremglobal.com

+90 212 271 75 75


 Permalink : https://www.aetoswire.com/news/trem-global-to-introduce-turkey-to-international-investors-with-high-profile-actor-burak-oumlzccedilivit/en

NEW WORLD GROUP - LONDON BASED INVESTMENT FIRM EYES EXPANSION INTO THE GCC

 

Dubai, United Arab Emirates-Wednesday 28 April 2021 [ AETOS Wire ]

New World Group (NWG), with assets of over USD 2.5 Billion is mapping out its expansion into the GCC and wider region by establishing a strategic hub to complement its offices in London and Kuala Lumpur.

NWG CEO and Co-Founder Adam Sadiq said: “The digital revolution and rapid growth in the Middle East and surrounding markets supports our plans to enter the region. By harnessing our deep networks of expertise, NWG can support clients in these markets to maximise investment and growth opportunities for the long-term.”

Mr. Sadiq added: ”we assess a number of key macro factors including economic growth, public policy, governance, regulation and political stability.  We then align our interests on a principal-to-principal level, whilst taking a forensic approach to assessing and underwriting investment opportunities. We are excited about the prospect of strengthening our presence in the Gulf and working with new partners throughout the region.” Under the NWG umbrella, its three business verticals act as enablers for the group’s thematic investment initiatives and amplify value creation for the firm and its partners.

New World Asset Management (NWAM) is an NWG platform which invests in emerging asset managers. NWAM launched its investment programme in late 2019 with an inaugural investment in The Valesco Group, a UK and European Real Estate Asset Manager which made headlines for its EUR 1.2 Billion acquisition of the Brussels Finance Tower, home to the Belgian Ministry of Finance.

NWG’s Mozaic platform undertakes investments in technology companies with bold visions such as algbra, a global digital bank for the unbanked and underserved – focusing on financial inclusion for a 1.3 Billion target market. The algbra business was recently backed by a group of leading investors including a British Government investment fund.

NWG also houses a Venture investing arm, New World Ventures (NWV), which invests in disruptive companies, taking a sector agnostic approach with a focus on uncorrelated and idiosyncratic transactions.

Lastly, all NWG businesses are advised by its in-house Merchant Banking division New World Capital Advisors (NWCA) which advises its portfolio companies across strategy, operations, corporate finance, mergers and acquisitions and partnerships. NWCA is a signatory of the Principles for Responsible Investment (PRI) initiative which reflects NWG’s commitment to a robust ESG framework within its operating structure and investment thesis.

NWG has a strong presence across the UK & European markets, the Middle East, and Asia – where it sees significant potential for attractive risk-return profiles for yield hungry capital amid today’s low interest rate environment. NWG is using the partnership model to augment its capabilities across these markets. Last month, NWG’s merchant banking division NWCA announced a partnership with Berjaya Corporation Berhad (BCorp) to establish a presence in Malaysia with an office in Kuala Lumpur.

NWCA Malaysia is headed by Lena Tan, a veteran deal maker and investor with over 30 years of experience in the financial services industry across Europe and Asia. Most recently, Lena Tan was the Chairman of 7-Eleven Malaysia and Singer Malaysia. She is currently a Director at 7-Eleven Malaysia Holdings, Razer Fintech Holdings, Berjaya Fintech, Berjaya Retail and Berjaya Credit.

The company will focus on providing advisory services on mergers and acquisitions, strategy, and operations to diversified businesses, corporations and institutional investors in Malaysia and neighbouring countries where NWG has principal interests.

NWG aspires to be the leading investment platform enabling smart and efficient capital allocation into sectors and industries between the developed and emerging markets around the world. The firm seeks to expand into new markets with aligned interests at a principal level and in a sustainable and responsible manner. This is to ensure all-round value creation for the firm, its partners, and the ecosystem of communities within which it conducts business.

About

New World Group (NWG)

The New World Group is a global diversified investment company which builds, acquires, invests, and scales businesses focusing on long-term growth around the world. New World Group adds value to its partners and portfolio companies from deal origination and execution to value realisation.

New World Asset Management (NWAM)

New World Asset Management (NWAM) invests in proven, talented, and scalable asset managers tackling present-day challenges with forward-thinking solutions. NWAM invests across diversified managers with strategies ranging from Private Equity and Hedge Funds to Real Assets and Private Credit.

About Mozaic

Mozaic, a New World Group platform, focuses on acquiring stakes in technology companies seeking to re-invent their industry ecosystems. Mozaic provides smart, efficient, and strategic capital to robust and scalable technology businesses, led by driven and able entrepreneurs.

New World Ventures (NWV)

New World Ventures (NWV) invests in disruptive companies / ventures, taking a sector agnostic approach with a focus on uncorrelated and idiosyncratic transactions. NWV’s Investments demonstrate clear pricing dislocations, high barriers to entry and high double digit return profiles.

New World Capital Advisors Limited (NWCA)

New World Capital Advisors Limited (NWCA) is the merchant banking and advisory division of New World Group and is dedicated to creating tangible value as a fiduciary for New World Group’s shareholder base. NWCA is Authorised and Regulated by the Financial Conduct Authority.

Contacts

Omnia Tarek

o.tarek@saharapr.com


Permalink : https://www.aetoswire.com/news/new-world-group-london-based-investment-firm-eyes-expansion-into-the-gcc/en

Milken Institute and Motsepe Foundation Launch Technology Prize Program to Propel Innovation and Entrepreneurship in Africa

 Registration is Open for $2 Million AgriTech Prize


LOS ANGELES & JOHANNESBURG-Wednesday 28 April 2021 [ AETOS Wire ]


(BUSINESS WIRE) -- The Milken Institute and the Motsepe Foundation today launched the Milken-Motsepe Innovation Prize program, a multi-year initiative to focus global innovators and entrepreneurs on developing technological solutions that accelerate progress towards implementing the United Nations’ Sustainable Development Goals (SDGs), with a spotlight on the African continent. This program will include multiple technology prize competitions in the areas of agriculture, energy, education, and health.


“Fourth Industrial Revolution (4IR) technologies have the power to solve complicated socio-economic and human problems. In the hands of entrepreneurs, these technologies can turn Africa into a global economic powerhouse and transform the world,” said Dr. Patrice Motsepe, Founder and Chairman of the Motsepe Foundation. “Precious and I are thrilled to partner with Mike Milken and the Milken Institute to launch this prize that encourages African and global entrepreneurs to innovate and use 4IR technologies to address some of Africa and the world’s most pressing challenges and improve the living conditions and standards of living of people globally.”


Registration is now open for the first of these free-to-enter prizes. The Milken-Motsepe Prize in AgriTech is a $2 million (USD) global competition for innovative solutions to increase economic value to farmers, from seed to sale.


“My good friends Patrice and Precious Motsepe have long been valued partners of the Milken Institute, especially in addressing global health issues,” said Milken Institute Chairman Mike Milken. “The Motsepe Foundation’s leadership has been highly effective in Africa and inspiring to people around the world. I’m delighted that we will again join forces to encourage long-term technological innovation and enhance the human capital of farmers so they can play a greater role in sustaining a more-dynamic regional economy.”


Dr. Precious Moloi-Motsepe, Co-founder and CEO of the Motsepe Foundation, added: “This prize competition will tap into global entrepreneurial and technological potential, including among women and the growing youth population across the African continent and worldwide. We’re confident that the competition will attract a diverse group of participants across the world who want to engage with a broad network of resources to action their innovative ideas.”


The Milken-Motsepe Prize in AgriTech was developed through rigorous and inclusive consultations with more than 50 experts from a variety of disciplines, representing academia, industry and government, to define the competition guidelines and evaluation metrics. Field testing will take place in Africa and solutions should have the potential to be applied globally.


“Prize competitions encourage innovation, diversify the talent pool, and inspire new voices from budding entrepreneurs to seasoned engineers,” said Dr. Emily Musil Church, senior director in the Milken Institute’s Center for Global Market Development. “We are pleased to introduce this approach to advancing the SDGs that will harness the power of technology to solve global challenges and create true systems of change.”


How to Enter


Teams have until December 8, 2021 to register and submit designs and business models. An independent panel of expert judges will select up to 25 teams to each receive $10,000 to develop small-scale prototypes over the ensuing six months. In the final round, teams will demonstrate their entries in field tests which will be evaluated by their ability to:


Increase net economic value to the farmer


Increase productivity at harvest and/or decrease post-harvest loss


Reduce costs for farmers


Provide a viable and sustainable business model


Be implemented by small and medium-sized farms


Develop or integrate innovative technologies


The judges will award a $1 million Grand Prize, with additional prize money distributed among Second and Third Place winners, a prize for the most creative use of Fourth Industrial Revolution technologies and a People’s Choice Prize.


Registration is free, and in addition to the prize money, teams will benefit from access to networking, training, and other resources. To register for the prize, or to learn more, visit www.milkenmotsepeprize.org.


About the Milken Institute


The Milken Institute is a nonprofit, nonpartisan think tank that helps people build meaningful lives, in which they can experience health and well-being, pursue effective education and gainful employment, and access the resources required to create ever-expanding opportunities for themselves and their broader communities. For more information, visit www.milkeninstitute.org


About the Motsepe Foundation


The Motsepe Foundation was founded in 1999 by Dr Patrice Motsepe and his wife, Dr Precious Moloi-Motsepe. The goal of the Motsepe Foundation is to contribute towards eradicating poverty and to sustainably improve the living conditions and standards of living of poor, unemployed and marginalised people in South Africa, Africa and the world. In January 2013 Dr Patrice Motsepe and Dr Precious Moloi-Motsepe joined the Giving Pledge which was started by Warren Buffett and Bill and Melinda Gates. The Motsepes committed to give half of their wealth to the poor and for philanthropic purposes during their lifetime and beyond.


View source version on businesswire.com: https://www.businesswire.com/news/home/20210428005096/en/


Contacts

Milken Institute:

Enxhi Myslymi, emyslymi@milkeninstitute.org, +1 (203) 721 4840


Motsepe Foundation:

Jongisa Magagula, jongisa.magagula@arm.co.za, +27 82 562 5288

Jade Kunstler, Jade.kunstler@arm.co.za, +27 76 950 2707



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Bacardi Limited Appoints Kerry Carr to Global Leadership Team

 Internal promotion expands role to lead global performance management, revenue growth management and Bacardi Enterprise Services


HAMILTON, Bermuda -Tuesday 27 April 2021 [ AETOS Wire ]


(BUSINESS WIRE)-- Bacardi Limited, the largest privately held spirits company in the world, today announces the promotion of Kerry Carr to the company’s Global Leadership Team. In her expanded role as SVP Global Performance Management she adds Revenue Growth Management and Bacardi Enterprise Services to her existing portfolio which already includes strategic projects, global reporting and metrics to drive business performance. She reports to Bacardi Limited Executive Vice President and Chief Financial Officer Tony Latham.


Kerry, who joined Bacardi in 2014, has been responsible for spearheading global performance management. From building analytical tools and frameworks, to understanding drivers of performance, to driving year-end results, Kerry has helped ensure dynamic resource allocation, which was particularly valuable while managing the business during a global pandemic. She was also integral in the integration of Patrón, following the 2018 acquisition of the super-premium tequila.


“Kerry’s track record for understanding the needs of our company, delivering transformational finance and business performance programs, along with her embodiment of our unique culture and values makes her a leadership role model across the business,” says Tony Latham. “Her ingenuity in problem-solving, collaborative approach to managing change, and results-driven leadership make her a valuable addition to our Global Leadership Team at Bacardi.”


She is no stranger to the shared services model as she previously helped launch the function at Bacardi with a focus on improving productivity while delivering quality service for internal customers. Over the years, the team has grown from one site in Costa Rica, dedicated to financial transactions, to centers across the globe supporting a growing portfolio of services.


“It has been such a rewarding journey at Bacardi to help build the foundation for programs and services that best leverage the skills of our people while driving business effectiveness. I get tremendous energy from engaging with others in the service of delivering for our shareholders, our company, and our people,” says Kerry Carr. “Every day, I am humbled by the opportunity to contribute to this iconic, family-owned company and am excited to be part of the next chapter.”


A 30-year veteran of consumer goods companies, Kerry brings expertise in operations, supply chain, organizational design and finance with global brands including The Walt Disney Company and Avon Products at the local, regional and corporate levels. She spent much of her career executing programs across international operations in Latin America, Europe and Asia-Pacific, as well as at the global level.


Kerry joined Bacardi in 2014 and will continue to be based at the Bacardi global headquarters office in Hamilton, Bermuda.


About Bacardi Limited


Bacardi Limited, the largest privately held spirits company in the world, produces and markets internationally recognized spirits and wines. The Bacardi Limited brand portfolio comprises more than 200 brands and labels, including BACARDÍ® rum, GREY GOOSE® vodka, PATRÓN® tequila, DEWAR’S® Blended Scotch whisky, BOMBAY SAPPHIRE® gin, MARTINI® vermouth and sparkling wines, CAZADORES® 100% blue agave tequila, and other leading and emerging brands including WILLIAM LAWSON’S® Scotch whisky, ST-GERMAIN® elderflower liqueur, and ERISTOFF® vodka. Founded nearly 160 years ago in Santiago de Cuba, family-owned Bacardi Limited currently employs more than 7,000, operates more than 20 production facilities in 11 countries, and sells its brands in more than 170 countries. Bacardi Limited refers to the Bacardi group of companies, including Bacardi International Limited. Visit bacardilimited.com or follow us on LinkedIn, Twitter or Instagram. Enjoy Responsibly.


View source version on businesswire.com: https://www.businesswire.com/news/home/20210426005164/en/


Contacts

Media Contact:

Jessica Merz,

Director Global Corporate Communications

jmerz@bacardi.com



Permalink : https://www.aetoswire.com/news/bacardi-limited-appoints-kerry-carr-to-global-leadership-team/en


Interactive Brokers Welcomes Michael McClain and Announces the Retirement of Andrew Naughton

GREENWICH, Conn.-Tuesday 27 April 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Interactive Brokers Group (Nasdaq: IBKR), a global brokerage firm, is excited to announce that Michael McClain has joined as Director of Client Operations, North America. Reporting directly to CEO Milan Galik, Michael is based in IBKR’s Chicago office. In this new role, Michael will be focused on the end-to-end strategy for scaling our client services to support the brisk expansion of our business into the future.

Michael is taking over the responsibilities of Andy Naughton, who is retiring. Over his 15-year career at IBKR, Andy has been instrumental in building up our Client Operations capabilities during a period of dynamic expansion. We are grateful for his important contributions to the business, for his tireless devotion to our mission, and for his friendship. We wish Andy well in his retirement.

“We are very fortunate to have someone as capable as Mike assume Andy’s vast range of responsibilities,” said Milan Galik, Interactive Brokers CEO. “Mike is eager to take on the challenge of enhancing our service during a period of explosive growth in a client base ranging from active and professional traders to the casual investors who understand the importance of high quality trade execution and low margin rates.”

Before joining IBKR, Michael was the Managing Director and General Manager of Equities Clearing Business for the Depository Trust & Clearing Corporation (DTCC), specializing in post-trade market infrastructure for the global financial services industry. He was directly responsible for the day-to-day management of equity clearing activities for trades executed on the major U.S. exchanges and other equity trading venues. Prior to that, he had a 15-year tenure at the Options Clearing Corporation (OCC), the world's largest equity derivatives clearing organization, where he held multiple positions. Michael earned an MBA from Northwestern University – Kellogg School of Management and a BA in Information Systems Management from Lewis University.

We welcome Michael and look forward to the continued growth of the Client Services Team.

About Interactive Brokers Group, Inc.:

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 135 markets in numerous countries and currencies, from a single IBKR Integrated Investment Account to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its February 26, 2021, Best Online Broker Review.

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Contacts

For Interactive Brokers Group, Inc.
Media: Yani Pena, media@ibkr.com


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