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If You Had Bought Capital Finance Holdings (HKG:8239) Stock Five Years Ago, You’d Be Sitting On A 85% Loss, Today

Capital Finance Holdings Limited (HKG:8239) shareholders should be happy to see the share price up 13% in the last quarter. But will that repair the damage for the weary investors who have owned this stock as it declined over half a decade? Probably not. Indeed, the share price is down a whopping 85% in that time. It’s true that the recent bounce could signal the company is turning over a new leaf, but we are not so sure. The important question is if the business itself justifies a higher share price in the long term.

We really feel for shareholders in this scenario. It’s a good reminder of the importance of diversification, and it’s worth keeping in mind there’s more to life than money, anyway.

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The landscape may have changed, but the purpose of finance remains the same – CityAM

Like many of those working in the industry at that time, I didn’t foresee the hurricane that was about to hit in the shape of what we now refer to as the global financial crisis.

This was, of course, merely the beginning of a period of challenges, transformation and reinvention, much of which is still underway.

A little over a decade on, I now head up TheCityUK, an organisation born out of those same storms, founded to convene the collective voice of the many sectors across the financial industry. Our aim today remains fundamentally the same as it was then: to champion and support the success of the financial and related professional services ecosystem.

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RiskFirst Targets North America Growth With Hire of Former PBGC CEO

Fintech company RiskFirst (A Moody’s Analytics Company) has appointed Charles Millard to develop its North American defined benefit (DB) pensions client base, which includes pension plans, consultants and asset managers. Millard, working in an advisory role based in RiskFirst’s New York City office, will harness his expertise and extensive network of North American pension plans to help grow RiskFirst’s client base in the US and Canada.

RiskFirst provides risk analytics and reporting solutions to the pensions and investment markets through its platform PFaroe, and is firmly established as a market-leader in the UK. RiskFirst has seen significant growth in the US in recent years and is seeking to take this to the next level.

Millard brings valuable experience, having held senior positions within the industry for nearly 20 years, including at the US Government’s Pension Benefit Guaranty Corporation (PBGC), Citigroup and BP Direct Securities. Through his role as CEO of the PBGC – which has a strong focus on the liabilities of corporate pension plans as well as its own liabilities – he is well-positioned to understand the challenges facing the industry, and the value of RiskFirst’s solution, PFaroeDB, in assisting asset owners and their advisors in zeroing in on dynamic measurements of funded status and liability.

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Amex spotlights bank hypocrisy in screen scraping liability row

Credit card behemoth American Express has put the boot into Australia’s Big Four banks over their objections to fintechs using screen scrapers to onboard customers switching services, saying banks themselves use the technology for regtech purposes.

In a stinging submission the Senate Select Committee on Financial Technology and Regulatory Technology, the upmarket payments giant argues that whilst the Consumer Data Right (CDR) “may render screen scraping services obsolete in time…there is still likely to be a significant period where CDR and screen scraping co-exist.”

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Eightfold.ai Appoints Celia Poon as Chief Financial Officer

/PRNewswire/ — Eightfold.

MOUNTAIN VIEW, Calif.Jan. 16, 2020 /PRNewswire/ — Eightfold.ai, the inventor of the Talent Intelligence Platform™, the first AI-powered solution for enterprise talent needs, today announced the appointment of Celia Poon as Chief Financial Officer. A seasoned finance executive with experience in both public and private fast-growing companies in Silicon Valley, Poon joins Eightfold.ai following a year in which the company opened two new international offices, reached over $55 million in total funding, and experienced explosive growth.

“We are thrilled to welcome Celia Poon to our growing executive team,” said Ashutosh Garg, Co-Founder and CEO of Eightfold.ai. “Having worked at both public and private technology companies, Celia has a strong track record in strategic and financial planning, scaling and taking public high growth companies. These skill sets are critical during this time of tremendous expansion for the company,” continued Garg.

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