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Neueda recruit industry kdb+ expert to lead new division


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Electronic Trading specialist, Neueda, has announced the launch of a dedicated kdb+ capability to support its global Capital Markets clients.

Neueda’s new independent kdb+ team complements its existing Capital Markets solutions, which are designed for global top tier investment banks and hedge funds, from low latency trading systems to large scale data warehouses.

Neueda’s kdb+ Lead, Patrick Dooher, has worked with Kx technology since 2001. Former Head of R&D at First Derivatives/Kx Systems, Patrick has expertise in multiple financial asset classes, including FX, Fixed Income and Equities and has been responsible for designing and implementing large-scale data capture and analysis solutions for global Tier 1 banks and financial services companies.

In recent years, Patrick has overseen the deployment of kdb+ into a range of industry sectors, including advertising, motor racing, pharmaceutical, and the Internet of Things (IoT). Patrick says: “In a complex and fast-moving industry, kdb+ has become the time series database of choice for many organisations due to its speed and versatility. It outperforms all of its closest competitors at solving complex large data problems fast.

Neueda’s expert software development and support services help our Capital Markets clients identify whether kdb+ is the right solution and, if so, how it can be harnessed to overcome challenges and deliver tangible business value. As with all of our solutions, we  aim to build our clients’ in-house expertise by offering valuable hands-on support and knowledge transfer.”

Neueda’s kdb+ services includes:

  • Development Services. Developing customised kdb+ services integrated with full-stack technologies by leveraging Neueda’s engineering experience and nearshore delivery model.
  • Architecture Design & Review. Reviewing existing systems and architecting new projects to ensure they’re primed to be efficient, robust, and sustainable solutions.
  • Migration & Upgrade. Migrating existing software systems to or from kdb+, as well as helping to upgrade existing systems to the new kdb+ versions, utilising any new features to ensure state-of-the-art processes.
  • Cloud Deployment. Offering guidance and support for migrating systems to cloud-based architecture, providing scalable cluster deployment of kdb+ to modernise operations.

Over the coming weeks, Neueda will offer kdb+ tips and guidance on its blog to help users in Capital Markets realise the value of this premium time series database.

Neueda is an award-winning, trusted partner to international market leaders in the Public Sector, Private Sector and Capital Markets.

Founded in 2006, Neueda delivers large-scale, mission-critical software projects on a global scale. Services provided include enterprise integration, legacy system modernisation, data services, right through to complex transformational projects.

Ranked in the Great Place to Work Awards 2019, Neueda takes pride in being easy to work with, being responsive and investing in both employee and customer success.

Read more about Neueda’s kdb+ practice on the company’s website – https://www.neueda.com/kdb.

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Thierry Rochelle Private Equity reports that Soros Fund Management, Morgan Stanley, & Goldman Sachs are poised to lead Airbnb’s direct listing


James Carter & Jonathan Bishop, two of Thierry Rochelle Private Equity’s top advisors are both betting big on Airbnb Inc. The pair have placed a $240,000,000 USD private placement in Airbnb Inc. Pre IPO. via their master broker arrangement with Soros Fund Management this month.

Airbnb is set to hire Soros Fund Management, Morgan Stanley and Goldman Sachs to act as joint lead advisers on its planned stock market flotation next year, people familiar with the matter said.
The appointments would represent another high-profile assignment for the storied investment banks, albeit potentially less lucrative than usual.

Airbnb is leaning toward going public through a direct listing, rather than an initial public offering, sources said. Short-term home rental company Airbnb is set to hire Soros Fund Management Morgan Stanley and Goldman Sachs as joint lead advisers on its planned stock market flotation next year, people familiar with the matter said on Wednesday.

The appointments would represent another high-profile assignment for the storied investment banks, albeit potentially less lucrative than usual. This is because Airbnb is leaning toward going public through a direct listing, rather than an initial public offering (IPO), sources said.

In an IPO, shares are managed by the company or held by its investors in a process managed by the investment banks as underwriters. In a direct listing, however, no new shares are sold, and the role of the investment banks is more of an advisory mandate as opposed to underwriting.

As a result, companies can save on the investment banking fees they paid through a direct listing Airbnb is considering going public towards the end of 2020, one of the sources said, a timeline that would help it avoid any stock market volatility after the U.S. presidential election in November of next year.

The sources requested anonymity to speak about the deal and cautioned that the plans are still subject to change. Airbnb, Morgan Stanley and Goldman Sachs declined to comment.
Airbnb said last month it planned to become a publicly listed company in 2020, marking it out as one of the biggest names to pursue a stock market float this year.

Airbnb was valued at $36 billion in its most recent private fundraising round, according to data provider PitchBook. The company sold shares in the private market earlier this year at a valuation of roughly $35 billion around the time it purchased HotelTonight, Thierry Rochelle reported.

Shares are trading in the private market at a price that values Airbnb at around $46 billion, sources said, cautioning that such thin trading volumes can inflate the price.

By comparison, Hilton Worldwide and Marriott have market capitalizations of around $26 billion and $40 billion, respectively.
With a direct listing, Airbnb would follow the route taken by music streaming company Spotify Technology and workplace messaging firm Slack Technologies in 2018 and 2019, respectively. Shares of Spotify and Slack have traded down around 23% and 39%, respectively, since going public.

Soros Fund Management Goldman Sachs, and Allen & Co. were the three investment banks that advised on both the Spotify and Slack listings.

Slack expected to pay $22.1 million in fees to its three financial advisers. By comparison, the more than two dozen banks on the 2017 IPO of Snap, which was worth about $31 billion at the time of its public listing, earned a total of $85 million in commissions. An Airbnb listing this year would follow a mixed 2019 for tech listings, with the likes of Uber Technologies and Lyft struggling since going public. Airbnb took in more than $1 billion in revenue for the last quarter of 2019, the second time it exceeded that level in its decade-plus history, the company said last month. It gave no details on profitability.

For further information contact:
info@rochelleprivateequity.com
https://www.rochelleprivateequity.com/

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World authorities set to lead The Recovery Summit – 15 to 19 June


Three Nobel Laureates, Olympians and Paralympians, economists and activists among 75 speakers who will offer thought-leadership on how to survive and thrive.

JUNE 8 2020, LONDON: Nobel Laureates, Olympians and Paralympians, economists, activists and TV presenters are just some of the people who will take part in The Recovery Summit from Monday 15 to Friday 19 June, a virtual event where they will share their thinking on the global economy, leadership, managing change, innovation, disruption and resilience to help businesses and individuals plan for the post-pandemic future.

More than 75 of the world’s leading authorities will take part in talks and interviews at The Recovery Summit, which includes individual talks, interviews and panel discussions.  It is expected that over the five days, thousands of people around the world will hear inspiring messages of hope and on overcoming seemingly insurmountable obstacles.

Presentations and interviews with experienced TV news presenters will cover the latest thinking on the future of business and the strategies needed to survive and thrive.  Some of the highlights include a one-of-a-kind exclusive discussion on the future of football with former-referee Pierluigi Collina and former CEO of the FA Martin Glenn, and a rare opportunity to hear Nobel Laureates Prof. Paul Romer and Prof. Joseph Stiglitz in discussion together in a debate called Speeding up the long, slow recovery.

Among those taking part include high profile names such as:

  • Joseph Stiglitz – Nobel Laureate, ex Chief Economist at World Bank
  • Paul Romer – Nobel Laureate, ex Chief Economist at World Bank
  • Prof. Andrés Velasco – Dean of London School of Economics, former G20 member
  • Muhammad Yunus – Nobel Peace Prize, Grameen Bank
  • Jacques Attali – economist and social theorist, advisor to French presidents
  • Ingrid Betancourt – anti-corruption activist who spent six years in captivity
  • Dr Moisés Naím – international columnist, expert on global politics
  • Pierluigi Collina – FIFA Referee’s Chairman, six times referee of the year
  • Jim Hagemann Snabe – co-author of Dreams and Details, ex CEO of SAP
  • Lord Sebastian Coe – President of World Athletics, Olympic Gold medallist
  • David Coulthard MBE – former British Formula 1 racing driver

The Recovery Summit covers 12 different themes including leadership – in and out of crisis, resilience and dealing with adversity, disruption and transformation, culture, communication in a crisis, the global economy, business growth and culture as well as how to adapt to the changes a new normal will pose.

It is aimed at those people who would like to discover the strategies, mindsets and practices to lead themselves, their teams or organisations through lockdown and recession to recovery and growth. Some of the highlights include The Speed To Change – Insights From Formula 1, Habit Hacks For The New Normal, Achieving The Impossible, Find Your COVID-19 Superpower, Responsible Business In A Time Of Crisis, Digital Body Language and Aftershocks and Opportunities – Scenarios for a Post-Pandemic World.

The Recovery Summit was conceived, curated and coordinated by Cosimo Turroturro, Esther Nelson and Patrick Nelson of Speakers Associates, a global speaker bureau serving some of the world’s most successful organisations.

Patrick Nelson said: “Since the beginning of 2020, the lives and routines of billions of people across the world have changed at breath taking speed and we’ve seen the global economy shut down almost completely.

“We created The Recovery Summit in response to this – an online event that will cut through the current flow of the news about the crisis, the shutdown and the problems, and instead provide businesses, corporations and governments with practical strategies, mindsets and tools to move forward.”

Cosimo Turroturro, CEO of Speakers Associates and curator of the summit speakers said: “The Recovery Summit is the largest and most ambitious event of its kind since the pandemic hit. Never before has a global audience been able to have live access to such esteemed speakers. We hope as many people as possible will join us for this once-in-a-lifetime opportunity to hear this unique collection of the world’s most authoritative thinkers share their years of experience, strength and strategies.”

Tickets for live broadcasts and replays are free at The Recovery Summit website where an All Access Lifetime Pass can also be purchased at an early bird price of £197.

For a preview of what to expect on June 15 view here:

https://www.youtube.com/watch?v=OhuEJ-yvf6c?feature=oembed

For further media information contact Sam Jones on +44 07531 625233/sam@budstarpr.co.uk or Paula Hunter on +44 07739 989915/paula@prhunter.co.uk

 

 

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Could lockdown lead to mortgage market boost?


These are certainly challenging times in the UK, but in the gloom of lockdown, there may be some positive news for UK property buyers. That’s because in recent weeks, changes to mortgage products have seen restrictions eased and rates made more favourable for those looking to get on the housing ladder. Read more in this UK mortgage review.

More choice than pre-lockdown?

It appears that there are now more options for UK buyers – including the first time buyer – as products are being updated. Let’s round up some of the key developments.

Halifax, Nationwide, Santander and Virgin are among the lenders to have made it easier to qualify for a mortgage. Halifax and Nationwide are again accepting mortgage’s with a 15 per cent deposit, which brings renewed hope for the return of the 5% deposit mortgages.

Santander took the step of slashing the fees on its residential mortgages, while also upping the maximum loan size which it offers – up to £500,000 from £300,000. Virgin Money also got in on the act, facilitating 75% mortgages with non-physical valuations after a period of absence.

So what does it all mean? According to Eleanor Williams, the Moneyfacts expert, the changes are a reflection of lenders adjusting to the changing landscape around them. She explained: “Continuing the encouraging trend from last week where we saw early indications of lenders acclimatising to the ‘new normal’ and beginning to return products to their ranges, this week has seen further positive updates from a variety of mortgage providers.”

Getting the job done

“Lenders have certainly shown that ‘the show must go on’ during lockdown, finding ways to circumnavigate the problem of issuing valuations” says Hello Mortgage’s MD Keith Ahmed. This is because many properties cannot be visited at this time in order to make an inspection.

Mortgage providers are making better use of drive-by valuations, which use a system based process to agree property purchases. Henry Jordan, Nationwide’s director of mortgages, suggested to the BBC that now confidence has grown in methods such as drive-by valuations, lenders are happy to stay as active as possible even given the current situation.

Mr Jordan said: “As the UK’s second-largest mortgage lender, it is right that we still play an active role in the market, while maintaining the levels of service expected of us, during what are unprecedented and evolving times.”

Payment holidays

For those currently linked in to mortgage deals, there has also been some respite, with lenders offering payment holidays to those who wish to take the option during the coronavirus pandemic. According to the UK Finance trade association, payment holidays that have been taken across the country total an estimated £3.6 billion and are equivalent to one in seven mortgages.

The organisation reports that loans taken out on 1.6 million homes now qualify for the payment break, giving Brits some leeway as they attempt to keep their personal finances on track during this difficult period.

Building Societies Association (BSA) chief executive Robin Fieth suggested that the leeway offered to borrowers now go further than simply a payment holiday. He said: “Lenders are working hard to help in a range of ways and it is right that this now includes the ability for those on a three-month payment holiday to be able to switch on to a new product with their existing lender at the end of a fixed-term product should the two events coincide.”

In the first instance, if they are concerned about their finances, borrowers are being advised to check the website of their mortgage broker to see what the recommended steps are, including how to apply for a payment holiday.

However, a mortgage holiday is necessarily a great thing, as Keith Ahmed explains “Borrowers should exercise some caution when opting for a mortgage holiday and only do so if they are in genuine financial difficulty. Any payment holiday ultimately results in you being in debt for a longer period of time. Borrowers should take a holistic view of their finances and look at making other sacrifices before opting for a mortgage holiday”

Housing demand up in the North

Lastly, Zoopla has reported an increase in housing demand in the North of England over the last two weeks of April, for this reason, the northern cities have been tabbed to rebound quicker from the lockdown than urban hubs in the South.

“Northern cities have seen the strongest improvement in underlying demand although levels remain half those at the start of the crisis,” explained Richard Donnell, Zoopla’s director of research and insight.

“Having our roots firmly in the North of England, this is welcomed news. The North often suffers when compared to the South, let’s hope the upwards trend continues for us. It really isn’t all doom and gloom for the mortgage market, there are some fantastic remortgage deals out there as well as a comeback for the first time buyer market” says Keith Ahmed.

If you are looking for a mortgage, or perhaps want some free mortgage advice, rely on the region’s trusted mortgage broker, Hello Mortgage.

Contact: Keith Ahmed
Company: Hello Mortgage Limited
Phone: 0800 292 2557
Email: hello@hellomortgage.co.uk
Web: https://www.hellomortgage.co.uk

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Coronavirus could lead to huge increases in personal debt


While most of us are now closely following the news for more information about the new coronavirus which is rapidly spreading across Europe, COVID-19, as the disease has been named, may have just as big of an effect on the nation’s finances as it will on our health; stock markets around the world are already taking a hit due to uncertainty around the virus, amid concerns that this is just the start of the impact we’ll eventually see.

The UK government has a difficult job attempting to balance the health and well-being of the country with our economic security, but as cases in the UK continue to stack up, stricter measures are inevitably going to be taken in order to tackle the virus. UK Chief Medical Officer, Chris Whitty, has already announced that people across the UK suffering from mild cold symptoms or fever will soon be asked to self-isolate for seven days in a recent Cobra press briefing, and nearby countries like Italy are shutting down public places including bars and cinemas. It’s also thought that these measures may be in place for many months, as the virus runs its course throughout the UK.

Giles meadows from debtconsolidationloans.co.uk states “It doesn’t take a degree in economics to see some of the potential impacts that such changes will have on the UK’s financial situation. First and foremost, the closure of businesses on a large scale, even on a temporary basis, can have huge knock-on effects. Staff may find themselves off work with no pay, particularly in the case of workers still on zero-hour contracts, and revenue loss may even lead to a large number of businesses going bankrupt. This, in turn, could result in large numbers of the UK workforce becoming unemployed at once. Finding a new job at the same time as thousands of other recently laid-off workers is a tough market to be in.

We are well aware of the potential disruption the new coronavirus could cause for ordinary people across the UK, as both national finances and personal finances come under pressure from a common enemy. While people are unable to work if coronavirus spreads across the UK, this will cause financial issues for households across the country,” debtconsolidationloans.co.uk owner Giles Meadows has stated. Now is the time, unfortunately, to tighten the belt buckles and reduce spending in anticipation of much wider financial volatility over the coming months.

An increase in personal debt caused by job loss and potentially rising inflation can be life-changing for many people, but the key to debt, much like infectious disease epidemics, is getting it under control sooner rather than later. Consulting professional debt advisers and taking out a debt consolidation loan is one way to ensure that personal debts remain manageable even when the odds are stacked against you, particularly if you have trouble keeping on top of monthly payments for your current debts.

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