CaribPR Wire

SAN JUAN, Puerto Rico and MIAMI, June 18, 2020 /PRNewswire-HISPANIC PR WIRE/ – GM Sectec, a global leader in cybersecurity, and Visa, the world’s leader in digital payments, have announced the development of a virtual initiative – following a series of successful roadshows in Latin America in 2019 – where they will work together, with the objective of evangelizing, educating and guiding companies in the adoption of secure payment technologies and practices, taking into consideration the moment that we are living in worldwide due to the Coronavirus pandemic.

The COVID-19 health crisis is putting the world at risk. The impact on businesses, markets and economies is already beginning to be felt, and in business ecosystems the demand for strong measures to ensure business continuity is fundamental.

At a global level, the changes and challenges that companies have faced include adapting to new tele-working scenarios, unknown until only about three months ago, have created unique opportunities on all ends of the digital divide. For many large corporations, this option has become the norm and many have chosen to adopt it permanently, at least for the rest of 2020.

As a result, the number of people making electronic payments has multiplied, as shown by the recent Visa study which presented that more than 13 million of its cardholders made an e-commerce transaction for the first time in the first quarter of 2020, in key markets in Latin America and the Caribbean. This means that two out of every 10 active e-commerce cardholders are “new to e-commerce,” representing up to 14 percent of all active Visa accounts in key markets during this period.

“Our intention in developing our GM Sectec & Visa ‘PaySec Talks’ on the heels of our successful ‘PaySec Day’ Events throughout Latin America in 2019; is to promote the adoption of secure payment technologies and practices in concert with our Strategic Partner, Visa. Offering organizations and individuals who are working from home, the opportunity to learn about the tools, tactics and procedures they have available today to prevent multi-vector fraud and identity theft is a critical objective for all of us here at GM Sectec.” said Héctor Guillermo Martínez, President of GM Sectec.

Through the “PaySec Talks”, which will be held throughout July, in three sessions – English, Spanish and Portuguese – GM Sectec and Visa will be sharing better strategies and practices on how to maintain the security of their customers’ information and data when conducting electronic transactions.

“We have seen a pivotal change in consumer shopping behaviors as a result of the pandemic, which has rapidly reinforced the multiple benefits of e-commerce and contactless payments, as consumers prioritize health, safety and hygiene both at home and when out shopping,” said Eduardo Perez, Chief Risk Officer for Visa Latina America and the Caribbean.  ”Now is the time for issuers, acquirers and businesses to invest in quickly implementing payment services that consumers will increasingly demand during and as we overcome this situation.”

for this reason, we want through the PaySec Talks, to educate companies in Latin America, where e-commerce is a growing alternative, to ensure the safety of their customers and their business.”

The “PaySec Talks” will be held on July 2nd, 16th and 30th, to participate you just have to register through the following link: https://events.gmsectec.com/visagmsectec

About GM Sectec

GM Sectec offers innovative solutions and services in cybersecurity, governance, and compliance focused on managing digital risk. Its solutions are designed to detect advanced attacks and respond to them effectively, reducing business risk, fraud, and cybercrime. Founded in 1970 as General Computer Corporation and later as GM Group in the 1990s, GM Sectec has an extensive track record and experience in the management of policies and integrated processes of technologies and standards for data protection in payment system risk.  Its commitment to the principles of simplicity, innovation and customer success has made them the leading and fastest growing provider of security and technology in Latin America and the Caribbean. GM Sectec has been selected as one of the “Hot 150 Cybersecurity Companies to watch in 2020″ by Cybercrime Magazine. To learn more about GM Security Technologies, visit our website: www.gmsectec.com

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit  About Visa, visa.com/blog and  @VisaNews.

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The Eastern Caribbean Central Bank and Toronto Centre lead workshop for supervisors and regulators of the Eastern Caribbean Currency Union to help identify climate and other environmental risks to financial institutions, economies, and consumers

CaribPR Wire, BASSETERRE, St. Kitts and Nevis, Dec. 02, 2019: At the request of, and in partnership with, the Eastern Caribbean Central Bank, Toronto Centre is holding its first five-day cross-cutting climate risk workshop. The workshop is aimed at helping financial sector supervisors and regulators identify the risks that climate change and other environmental factors pose to financial institutions, economies, consumers and vulnerable groups. Participants will learn how to develop action plans to deal with climate change and other environmental risks, and how to identify and communicate effectively with key stakeholders to achieve results.

The IMF’s Global Financial Stability Report, 2019 prominently highlights climate risk as a risk to financial stability. In addition to examining the nature of these risks and their potential effects, the program identifies steps that supervisors and financial institutions can take to deal with these risks. Product design, investment, lending, and strengthening risk management and stress testing are areas that supervisors and financial institutions can explore. The workshop additionally highlights steps that could be taken to manage risks to consumers, such as improving financial literacy and inclusion.

Timothy N.J. Antoine, Governor of the Eastern Caribbean Central Bank (ECCB) said: “As the custodians of the payment system, our Central Bank is advocating for and facilitating disaster and climate resilience strategies inclusive of investment in physical and digital infrastructure, early warning systems, and fiscal resilience. ECCB is pleased to host this inaugural workshop on coping with climate change and other environmental risks and key actions that can be taken by supervisors and those they supervise to deal with these risks. Toronto Centre’s capacity building efforts are essential as financial sector supervisors and regulators in our region tackle these risks.”

Babak Abbaszadeh, CEO and President, Toronto Centre said: “Climate risk is an emerging risk for financial policy makers, standard setters, and supervisors. Toronto Centre applauds the ECCB’s initiative and leadership to be an early mover in building their capacity to deal with climate risk.”

LEARN MORE

www.eccb-centralbank.org/

The Eastern Caribbean Central Bank (ECCB) was established in October 1983. It is the monetary authority for a group of eight small country economies namely – Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.

The Agreement establishing the ECCB as the monetary authority for the eight ECCB participating governments was signed on 5 July 1983 in Trinidad and Tobago. The ECCB was officially commissioned on 1 October 1983, replacing the Eastern Caribbean Currency Authority (ECCA) which was established in March 1965.

The primary objective of the ECCB is to maintain the stability of the Eastern Caribbean Currency and the integrity of the banking system.

LEARN MORE

www.torontocentre.org

Established in 1998, Toronto Centre for Global Leadership in Financial Supervision (Toronto Centre) is an independent not-for-profit organization that promotes financial stability and access to financial services globally. Our mission is to provide high quality capacity building programs for financial supervisors and regulators, primarily in emerging markets and developing countries. We believe that for countries to thrive, their financial systems must be stable and inclusive. Our mission supports sustainable growth and job creation and helps to reduce poverty by helping to build these economic foundations. In turn, stable, sustainable economic growth is a vital enabler of infrastructure investments, strengthening international trade and reducing poverty as confirmed by the UN 2030 Sustainable Development Goals and the Addis Ababa Action Agenda, Financing for Development. Our mission is aligned with Canada’s Feminist International Assistance Policy. Since our inception, we have trained more than 12,000 supervisors and regulators from over 190 jurisdictions. Toronto Centre is supported by Global Affairs Canada, the International Monetary Fund, Swedish International Development Cooperation Agency (Sida), Comic Relief, Jersey Overseas Aid, and other valuable international partners.

CaribPR Wire, MISSISSAUGA, Ontario, Nov. 22, 2019: Highgate Systems Inc. today announced that Kelley Gray, has been named interim Managing Director of Highgate Systems Inc., replacing Aldo Campodonico effective immediately.

After 3 years, Aldo and Highgate Systems Inc. have decided to part ways and we wish to thank Aldo for his contribution to Highgate Systems.

Reporting to Highgate’s Board of Directors, Kelley will focus on strategies and tactics in support of the company’s future global growth initiatives.

Kelley remarked, “My key to success has been built on a passion for building strong relationships and obtaining results through collaboration. I am very excited to have this opportunity to contribute to Highgate’s present and future growth.”

Barry Walsh, Highgate’s Chairman said, “On behalf of the management and staff at Highgate, I’d like to congratulate Kelley on her appointment to the leadership team and wish her every success in her new role.”

Kelley, brings over 25 years of technology experience in executive management roles for companies such as: Symcor, Manulife Canada, CGI, Bell and Sun Microsystems. Her diverse background in the area of information technology, financial services, telecommunications, and government will be an invaluable asset to Highgate Systems Inc.

In addition to her impressive professional qualifications and experience, Kelley maintains an interest in both professional and recreational sporting activities. She is an accomplished golfer, hockey player, softball player and bowler.

About Highgate
Highgate Systems Inc. is a trusted provider of fully integrated, end-to-end Banking solutions to the financial services industry. Founded in 1986, Highgate Systems, technological footprint and Clients spans across Canada, the U.S and the Caribbean. Highgate Systems Inc. is a proudly Canadian Company delivering cutting edge solutions to Commercial Bank, Development Banks and Credit Unions.

Highgate Systems nombra a Kelley Grey como Directora General Interina

CaribPR Wire MISSISSAUGA, Ontario, Nov. 27, 2019: Hoy, Highgate Systems Inc. (Highgate) anunció que Kelley Grey, fue nombrada Directora General Interina de Highgate, en reemplazo de Aldo Campodonico.

Después de tres años trabajando en conjunto, Aldo y Highgate decidieron emprender rumbos diferentes. Queremos agradecerle a Aldo por sus contribuciones a Highgate.

Kelley, que estará bajo la supervisión de la junta directiva de Highgate, se enfocará en estrategias para apoyar las futuras iniciativas de crecimiento global de la empresa.

Kelley destacó: “Mi clave para el éxito ha sido la dedicación para construir relaciones sólidas y obtener resultados a través de la colaboración. Estoy muy entusiasmada por tener esta oportunidad para contribuir al crecimiento de Highgate tanto en el presente como en el futuro”.

Barry Walsh, Presidente de Highgate, dijo: “En nombre de la Gerencia y el personal de Highgate, me gustaría felicitar a Kelley por su nombramiento y desearle mucho éxito en su nueva función”.

Kelley tiene más de 25 años de experiencia técnica en funciones de administración ejecutiva para empresas como: Symcor, Manulife Canadá, CGI, Bell y Sun Microsystems. Su experiencia integral en las áreas de tecnología de la información, servicios financieros, telecomunicaciones y Gobierno será un recurso invaluable para Highgate.

Además de sus impresionantes calificaciones profesionales y experiencia, Kelley mantiene un interés en actividades deportivas tanto profesionales como recreativas. Es una excelente jugadora de golf, de hockey, de softball y, además, de boliche.

Acerca de Highgate
Highgate Systems Inc. es un proveedor confiable de soluciones bancarias integradas punta-a-punta, para la industria de servicios financieros. Fundada en 1986, la tecnología y los clientes de Highgate Systems se extienden por Canadá, Estados Unidos y el Caribe. Highgate Systems Inc. es una empresa orgullosamente canadiense que ofrece soluciones de vanguardia a bancos comerciales, bancos de desarrollo y cooperativas de crédito.

MONTREAL, Oct. 30, 2019 /CNW Telbec/ - Equisoft, a leading global financial technology company providing advanced solutions for the insurance and wealth industries, today officially announced the appointment of Ruben Veerasamy as Senior Vice President, Caribbean.

Equisoft’s strategic objective is to diversify and accelerate their global expansion. The company has delivered significant strategic business value in the Caribbean market for more than 10 years, working with clients in Jamaica, The Bahamas, Bermuda and Trinidad, and is continuing to scale up rapidly. With the objective of developing a team dedicated to servicing Caribbean clients, the time has come to nominate a leader for the region.

Ruben has performed different delivery and sales roles at Equisoft for over 10 years. With over 20 years of experience in the IT industry, he brings a strong expertise in establishing and managing sustainable client, partner and employee relationships.

“Ruben’s ability to build connections and confidence has been instrumental in helping us develop a great reputation in the Caribbean over the years,” said Equisoft’s CEO, Luis Romero. “We already serve six companies with our insurance and wealth solutions, and we are shortlisted for multiple large opportunities in the region. Appointing a dedicated leader was the next logical step to make sure that we provide our customers with the level of support they are expecting from their technology partner.”

“Being active in the region since 2009, we have a deep understanding of the specific challenges that Caribbean insurers and financial institutions are facing, both from a business and technology standpoint,” said Ruben. “I’m looking forward to continuing to work closely with our customers to help them achieve their business goals.”

About Equisoft

Founded in 1994, Equisoft is a global provider of advanced digital solutions in life insurance and wealth management. Recognized as a valued partner by over 50 of the world’s leading financial institutions in 15 countries, Equisoft offers innovative front-end applications, extensive back-office services and a unique data migration expertise. The firm’s industry-leading products include CRM, financial needs analysis, asset allocation, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. Equisoft is also Oracle’s main global partner for the Oracle Insurance Policy Administration platform. With its business-driven approach, deep industry knowledge, state-of-the-art technology, and a growing team of over 400 specialized resources based in the USA, Canada, Latin America, South Africa and India, Equisoft helps financial institutions tackle any challenge in this new era of digital disruption. Website: equisoft.com

CaribPR Wire, CALGARY, Alberta, Oct. 17, 2019: Parkland Fuel Corporation (“Parkland”) (TSX:PKI) announced today that it is launching JOURNIE™, a nationwide rewards and customer loyalty program with CIBC as its strategic banking partner. JOURNIE™ will offer Canadians compelling fuel savings and merchandise offers and will launch in select Ontario, British Columbia and Quebec markets this fall with a full national rollout in early 2020.

JOURNIE™ members that link their personal CIBC credit and debit cards will enjoy fuel savings of three cents per litre at participating locations when paying with their CIBC card. Following its full national rollout, JOURNIE™ Rewards and the CIBC fuel savings will be available across Parkland’s coast-to-coast network of approximately 1,300 Chevron, Ultramar, Pioneer and Fas Gas sites. In addition to instant fuel savings, customers can simultaneously collect JOURNIE™ Rewards as well as rewards they already earn with their CIBC credit card.

“The launch of our JOURNIE™ Rewards program and CIBC’s participation is a major milestone for Parkland,” said Ian White, Senior Vice President of Strategic Marketing and Innovation. “By connecting our national network of fuel retail sites and On the Run and Marché Express convenience stores under a single proprietary rewards program with compelling fuel and merchandise offers, we are creating a powerful customer loyalty offer with nationwide scale.”

“This is an exciting loyalty program bringing together two innovative and customer focused companies that have an extensive nationwide retail presence and broad consumer reach,” added White. “In addition to enhancing our JOURNIE™ value proposition, our partnership with CIBC supports our strategy to grow our fuel sales volumes and increase foot traffic in our Canadian convenience stores.”

“This partnership builds on our exceptional credit card benefits, such as our four per cent cashback on fuel purchases with our CIBC Dividend® Visa Infinite* Card,” said Jeff Smith, Vice President, Client Loyalty Solutions and Partnerships, Personal Banking Products, CIBC.  “With JOURNIE™ Rewards, we’re making it radically simple for our clients to receive discounts at the pump, while helping them achieve their reward ambitions sooner.”

Parkland’s JOURNIE™ Rewards program is supported by a newly developed mobile app which will be available for anyone to download on iOS and Android platforms from October 23, 2019. For more information on JOURNIE™ and how to become a registered member please visit www.journie.ca.

Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward looking statements”). When used in this news release, the words “expect’’, ‘‘will’’, ‘‘could’’, ‘‘would’’, ‘‘supports’’ and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, launch of JOURNIE™ in early 2020, the availability of JOURNIE™ in Parkland’s coast-to-coast network, growth of fuel sales volumes and increase foot traffic in our Canadian convenience stores.

These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to: failure to achieve the anticipated benefits of the JOURNIE™ loyalty program, general economic, market and business conditions, industry capacity, competitive action by other companies, refining and marketing margins, the ability of suppliers and/or strategic business partners to meet commitments, actions by governmental authorities and other regulators including increases in taxes, changes and developments in regulations, and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings “Cautionary Statement Regarding Forward-Looking Information” and “Risk Factors” in Parkland’s current Annual Information Form, and under the headings “Forward-Looking Information” and “Risk Factors” in Parkland’s Management’s Discussion and Analysis for the most recently completed financial period, each as filed on SEDAR and available on Parkland’s website at www.parkland.ca.

About Parkland
Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization. *JOURNIE and associated work marks are trade-marks of Parkland Fuel Corporation.

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NINGBO, China, Sept. 24, 2019 /PRNewswire-HISPANIC PR WIRE/ — Bloomberg New Energy Finance (BNEF) recently released its Solar Module & Inverter Bankability 2019 report. For the first time, the company made investigations into solar inverters, surveying the bankability of several inverter brands.

‘Bankability’ means banks are more willing to offer non-recourse loans to photovoltaic power generation projects that opt to use a particular inverter brand.

Solis’ inverters ranked third for Asian brands: a testament to the brand’s products being well-recognised by global technical experts and respondents. This incredible result also means project developers are more likely to receive bank financing if they use Solis’ products over those of other brands.

With a team of experts spread across six continents, BNEF analyses complex data from around the globe to procure in-depth forecasts which highlight the financial, economic and political implications of industry-transforming trends and technologies.

For this survey, BNEF sought information from banks, developers and technical due diligence firms about which brands, out of 48 module manufacturers and 17 inverter manufacturers, they considered to be bankable.

Interestingly, regional differences are far starker when considering the bankability of inverters compared to modules. Unlike panels, inverters are less of a commodity as modules have only one function – producing energy – while inverters have multiple purposes. Aside from converting direct current into alternating current, inverters interact directly with the grid and aggregate power output data. As such, there are different types of inverters for different project requirements (for example, some projects require central inverters while string inverters are more suitable for others).

About Ginlong Technologies

Established in 2005, Ginlong (Solis) Technologies is one of the oldest and largest manufacturers of PV string inverters. Presented under the Solis brand, the company’s portfolio uses innovative string inverter technology to deliver first-class reliability that has been validated under the most stringent international certifications. Armed with a global supply chain, world-class R&D and manufacturing capabilities, Ginlong optimizes its inverters for each regional market, servicing and supporting its customers with its team of local experts.

For more information on how Solis delivers value while maximizing reliability and cost-saving for residential, commercial, and utility customers, visit ginlong.com.

The Exchange will leverage Nasdaq’s matching engine and market surveillance technology

CaribPR Wire, STOCKHOLM, Sweden, and KINGSTON, Jamaica, April 01, 2019: Nasdaq Inc. (Nasdaq:NDAQ) and the Jamaica Stock Exchange (JSE) have signed a new seven-year agreement for Nasdaq to deliver matching engine and market surveillance technology (SMARTS) to the Jamaica Stock Exchange.

By tapping Nasdaq’s technology, the JSE, as part of its strategy will be able to bolster their product and service delivery regionally and globally. Further, via the Nasdaq Matching Engine, JSE will have the ability to offer new products, enhance current trading capabilities and improve the latency of order execution. The market surveillance technology will provide the exchange the ability to closely monitor trade activities while strengthening market integrity.

”There are no boundaries that are beyond the JSE, as the organization continues to explore the use of technology that Nasdaq provides to ensure that our shareholders value are maximized and the confidence of the market remains high,” said Marlene Street Forrest, Managing Director, JSE. “This partnership with Nasdaq is another step to keep apace with the world’s financial markets. We expect that this relationship will enable the JSE and its member dealers to design and create new products and services facilitated by the cutting-edge technology that Nasdaq will provide.”

“The Jamaica Stock Exchange has been at the forefront of modernizing the Caribbean region’s financial markets,” said Carlos Patino, Head of Latin America and the Caribbean, Market Technology, Nasdaq. “By leveraging our trading and surveillance solutions, JSE will be operating on the world’s most widely-used trading technology for exchanges in the world. This is a key indicator of their dedication to build Jamaica’s capital market ecosystem into an important hub for finance and commerce. We look forward to a productive, long-term partnership with the JSE.”

Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.

About the Jamaica Stock Exchange

The Jamaica Stock Exchange (JSE) provides a fair and efficient stock market. It is a well regulated and agile organization which is celebrating its 50th anniversary this year. It continues to provide the local, regional and global financial markets with opportunities to invest, grow businesses and mobilize capital.

As the leading Exchange in the Caribbean, The JSE has been strategically forging partnership with other industry players to ensure that our subsidiary, the Jamaica Central Securities Depository (JCSD), our shareholders and the general public are able to maximize any opportunities that arises.

The impact of the JSE on the local economy and its consistent performance of have not gone unnoticed, and in 2015 and 2018 the Jamaican Stock Market was declared the ”Best performing Stock Market in the World” (Bloomberg).

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit: http://business.nasdaq.com.

TORONTO and LIMA, Peru, March 1, 2019 /PRNewswire-HISPANIC PR WIRE/ — Scotiabank announced today it has successfully completed the acquisition of 51% of the controlling interest of Banco Cencosud after receiving regulatory approval from Peruvian authorities. Scotiabank and Banco Cencosud will jointly manage the credit card operations and offer other products and services to customers in partnership for 15 years. Scotiabank and Cencosud have similar agreements in Chile and Colombia. With the closing of this acquisition, Scotiabank has become Peru’s second largest credit card issuer.

“Partnering with Cencosud has been a rewarding process in which we have begun to leverage the potential of the consumer finance business”, said Miguel Uccelli, CEO & Country Head of Scotiabank Peru.” With this acquisition we have completed one more phase in our strategy to strengthen our consumer financing and credit card business in Peru, which aligns with our global vision to increase scale in the countries of the Pacific Alliance; Colombia, Chile, Mexico and Peru”, he concluded.

“Our objective is to leverage the teams from Banco Cencosud and Scotiabank to build an improved experience for all our customers”, said Carlos Morante, CEO of Banco Cencosud, and who will be in charge of the operation under the new name of CAJA CAT PERÚ. “Our customers will continue to enjoy the products they have with us, under the same conditions, but with greater support. We will continue operating separately, taking into account the special features of each business and we will continue to work with our current team of employees”, he said. Morante indicated that no customer has to change their credit cards or other products, “Everything remains the same”, he concluded.

Cencosud Peru owns the second-largest supermarket and the fourth-largest department store chain in the country. Cencosud has operated in Peru since 2007 through the Wong supermarket brand Metro supermarket and Paris department stores. It is also the owner of various shopping malls.

About Scotiabank

Scotiabank is Canada’s international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 98,000 employees¹ and assets of over $1 trillion (as at January 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

¹Employees are reported on a full-time equivalent basis.

TORONTO and SANTO DOMINGO, Dominican Republic, March 1, 2019 /PRNewswire-HISPANIC PR WIRE/ – Scotiabank announced today that it has successfully completed the acquisition of 97.44% of Banco Dominicano del Progreso (BDP), after receiving regulatory approval by the Superintendency of Banks and the Monetary Board of the Central Bank of the Dominican Republic.

“We are excited to have completed this transaction that is fueled by the strategy of gaining greater scale in economically stable markets with prospects for growth, and allows us to expand and strengthen our operations in the country. We are building a leaner, more modern digital bank, to continue improving our customers’ experience with enhanced financial services and products” said Gonzalo Parral, CEO, Scotiabank Dominican Republic.

With the closing of this acquisition, Scotiabank doubles its customer base and strengthens its fourth-place position in terms of assets in full-service banking and its third-place ranking in the credit card segment in the Dominican Republic, with a 17% share of the market. The acquired Banco Dominicano del Progreso operations include 57 branches, 184 ABMs and more than 160 banking sub-agents, which serve more than 250,000 personal and commercial banking customers.

For further information on the integration stage, please visit www.scotiabank.com.do and www.progreso.com.do.

About Scotiabank
Scotiabank is Canada’s international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 98,000 employees¹ and assets of over $1 trillion (as at January 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

¹Employees are reported on a full-time equivalent basis.

ATLANTA, Feb. 21, 2019 /PRNewswire-HISPANIC PR WIRE/ — PDSI, a premier third-party development company for the hotel industry, is pleased to announce the opening of their 6^th office location in San Juan, Puerto Rico.  Adding to their existing five national locations, PDSI has strategically positioned itself to address client needs as growth of the hospitality industry continues to accelerate. The San Juan office complements PDSI’s existing 5 locations in Seattle, Phoenix, Orlando, Baltimore, and Atlanta.  PDSI’s presence in San Juan strengthens its reach in Puerto Rico and the Caribbean, offering its clients unparalleled support.

PDSI and its staff have been managing projects in the Caribbean for more than 30 years and have completed over $5 billion in asset management and placement.  Among other projects in the Caribbean, PDSI is managing the hurricane recovery renovation of the El San Juan Hotel, Curio Collection by Hilton, the renovations of the InterContinental San Juan, and the Caribe Hilton. PDSI has an experienced and talented Puerto Rico based team leading these efforts.

“PDSI has a long history of working in Puerto Rico and the Caribbean, and we are thrilled to reinforce our commitment to this area with a permanent physical presence,” says Ralph C. Engelberger, President of PDSI. “Our team takes great pride in this newest addition to our portfolio and our continuing relationship with clients managing asset placement in Puerto Rico and the Caribbean.”

About PDSI

PDSI is a privately-held, client-focused hotel project management firm that assists its clients in the development and renovation of hospitality projects worldwide. Since our September 2001 inception, PDSI has managed all types and scales of projects: limited service to luxury, minor renovations to large scale, ground-up developments. Our team of dedicated professionals have been entrusted with managing over $4 Billion of hospitality projects, for a wide range of clients including hotel companies, REITs, financial institutions, private equity funds, management companies, and individual owners. Our work has encompassed most hotel brand owners as Marriott, Hilton, Hyatt, Starwood, and InterContinental.

TORONTO, Nov. 6, 2018 /PRNewswire-HISPANIC PR WIRE/ — Scotiabank is proud to have been named 2018 Bank of the Year by LatinFinance for excellence in retail, commercial and investment banking services for Latin America and the Caribbean.

Scotiabank is the first Canadian bank to ever receive the Bank of the Year award from LatinFinance. The Bank was recognized for its, “overall strategy, volume and diversity of transactions; innovation and foresight; execution quality and success of transactions; role in particularly complex, innovative or large deals over the years; and quantity of transactions worked on over the year, and compared to previous years,” according to LatinFinance.

“We are honoured to have been recognized by LatinFinance as the 2018 Bank of the Year and would like to thank our customers for their loyalty and our employees for their hard work and dedication to providing an excellent customer experience,” said Ignacio (Nacho) Deschamps, Group Head of International Banking and Digital Transformation at Scotiabank. “This award recognizes Scotiabank for our long history in Latin America as well as our new acquisitions that add scale in the important markets we serve, especially in the Pacific Alliance countries.”

The Bank of the Year is chosen by an editorial panel that reviews financial data and research, considers quantitative and qualitative factors, and weighs analyst opinion. Winners will be honoured at an Awards Ceremony in New York City on December 4, 2018 to celebrate LatinFinance’s 30th anniversary.

LatinFinance is the leading source of intelligence on the financial markets and economies of Latin America and the Caribbean, and has covered banking and capital markets in the region for more than 25 years. It also provides detailed transaction pipelines, underwriting and advisory league tables, polls and awards.

About Scotiabank

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LOS ANGELES, Oct. 24, 2018 /PRNewswire-HISPANIC PR WIRE/ – DoubleLine Capital LP has begun offering its Luxembourg-domiciled UCITS funds on the Allfunds Bank platform, an open architecture, worldwide distributor of mutual funds.

“Allfunds is one of the leading international distribution platforms,” said Ron Redell, executive vice president of DoubleLine. “The availability of DoubleLine Funds (Luxembourg) on this distribution network is strategically important for DoubleLine’s UCITS funds global expansion.”

The term UCITS stands for Undertakings for the Collective Investment of Transferable Securities, an open-end fund vehicle available in Europe, Latin America and many other countries outside the U.S. The sub-funds of the DoubleLine Funds (Luxembourg) UCITS currently include the DoubleLine Shiller Enhanced CAPE® equity sub-fund, which is co-managed by DoubleLine Alternatives LP and DoubleLine Capital LP, and DoubleLine Short Duration fixed income sub-fund, which is managed by DoubleLine Capital LP. Depending on an investor’s country of residence, the sub-funds are available via retail and institutional share classes denominated in various currencies.

Allfunds Bank Group offers integrated fund solutions (operational, analysis and information). Created in 2000, today Allfunds Bank has more than €370 Billion assets under administration and offers more than 64,400 funds from over 1,200 fund managers. Allfunds Bank Group has a local presence in Luxembourg, Switzerland, United Kingdom, Spain, Italy, United Arab Emirates, Singapore, Chile and Colombia and has more than 605 institutional clients, including major commercial banks, private banks, insurance companies, pension funds, fund managers, financial supermarkets, international brokers, and specialist firms from 45 different countries. Allfunds Bank Group operates in Asia through the entity of Allfunds Singapore Branch.

About DoubleLine Capital LP

DoubleLine Capital LP is an investment adviser registered under the Investment Advisers Act of 1940. As of the September 30, 2018 end of the third quarter, DoubleLine Capital and its related companies (”DoubleLine”) managed approximately $123 billion in assets across all vehicles, including open-end mutual funds, collective investment trusts, closed-end funds, exchange-traded funds, hedge funds, variable annuities, UCITS and separate accounts. DoubleLine’s offices can be reached by telephone at (213) 633-8200 or by e-mail at [email protected]. Media can reach DoubleLine by e-mail at [email protected]. DoubleLine® is a registered trademark of DoubleLine Capital LP.