MEXICO CITY-Thursday 5 July 2018 [ AETOS Wire ] (BUSINESS WIRE)-- Private fund management company Fortem Capital have appointed Yusef Atiyeh Navarro as their new CEO. Mr Atiyeh joins the business from supermarket giant, Organizacion Soriana, where he was Director of Real Estate Development, Construction and Technology Innovation. He was with the retail group - Mexico’s second-largest supermarket chain - for the last 22 years and oversaw its extensive growth. The appointment is part of the growth plan at Fortem Capital, which specialises in real estate investment programs across Mexico. Launched earlier this year, the firm has already helped develop a series of hotels, as well as commercial and health projects. Founder and previous CEO Miguel Sanchez Navarro Madero, will also take up a new role - Chairman of the Board - with immediate effect. An experienced real estate developer and investment fund manager, Mr Miguel Sanchez Navarro was the founder of Grupo IPB, and helped develop ... Read more »

Group marks new ‘Independence Day’ by completing investment transaction with Permira, maintaining its undiluted business approach and aggressive growth trajectory PARIS-Wednesday 4 July 2018 [ AETOS Wire ] (BUSINESS WIRE)-- Exclusive Group, the value-added services and technologies (VAST) group, today renewed its declaration of independence by completing a major investment transaction with funds advised by private investment firm, Permira. Rather than dilute its distinctive, value-oriented approach by consolidating with other major VAD players, this catalyst will enable Exclusive Group to extend its vision and create the world’s largest global specialist VAD in cyber and cloud transformation, with a target to reach $10bn annual revenue in the years ahead. Olivier Breittmayer, CEO at Exclusive Group, said: “Cybersecurity and cloud are the leading business priorities in this age of digital transformation, both as separate disciplines but – even more so – joined together as a co-depend ... Read more »

Strengthens commitment to drive the financial empowerment of its customers in Kuwait in line with its future vision. Kuwait-Thursday 5 July 2018 [ AETOS Wire ] Kuwait National Exchange WLL, a leading money transfer and foreign currency exchange provider and a member of the UAE Exchange Group, announced its rebranding as “Unimoni”. This makes Kuwait the second country in the Group’s global network to adopt the Unimoni brand. Unimoni, short for “Universal Money”, will drive the agenda of providing a broad spectrum of innovative financial services across geographies, currencies and channels, enabling customers to achieve their financial ambitions. Vivek P Nair, General Manager, Unimoni Kuwait, said, “We are excited to launch the Unimoni brand in Kuwait, in line with our group’s global vision to facilitate seamless movement of money across the world. Through Unimoni, we will further strengthen and expand our offerings portfolio with technology-led financial solutions. This will accel ... Read more »

LONDON-Wednesday 4 July 2018 [ AETOS Wire ] (BUSINESS WIRE) -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced Jumhouria Bank, the largest bank and branch network in Libya, has signed a deal for SmartStream’s Corona solution for the delivery of intra-day reconciliations management across cash, cards, branch, central bank and payment transactions. The need for a solution developed after the merger of Jumhouria Bank and Umma Bank – together both banks operate the largest nationwide network of 170 branches - the challenge being to standardise reconciliations procedures across the bank. Modules of SmartStream’s Corona solution will be deployed in a phased approach to deliver real-time operational control, ensuring greater visibility into cash, card, branch, central bank and payment transactions. Mr. Nouri Ali Mohamed Aboflega, Deputy General Manager, Jumhouria Bank: “Our priority is always to further improve technology, ... Read more »