KUALA LUMPUR, Oct 30 (Bernama) -- Singapore-headquartered marine fuel solutions provider, Uni-Fuels Holdings Limited (Uni-Fuels) will consolidate its shares at a ratio of one-for-10, effective Nov 3, 2026.
The Nasdaq-listed company’s Class A ordinary shares are expected to begin trading on a post-consolidation basis when the market opens on Nov 3. They will continue to trade under the symbol “UFG”, with a new CUSIP number, G92Y4F134.
In a statement, Uni-Fuels said the consolidation will reduce the company’s issued Class A shares from 9,815,000 to about 981,500 and its Class B shares from 22,650,000 to about 2,265,000.
Every 10 shares, or part thereof, will be combined into one share, with fractional shares rounded up to the next whole share. All outstanding stock options, warrants and other rights to buy Class A shares will be adjusted proportionately.
The company is authorised to issue 500 million shares, comprising 450 million Class A and 50 million Class B ordinary shares.
Shareholders holding shares through a bank, broker or other nominee will have their holdings adjusted automatically to reflect the consolidation.
-- BERNAMA
Friday, 30 October 2026
SOUTH KOREA’S KB INSURANCE RATINGS AFFIRMED EXCELLENT - AM BEST
KUALA LUMPUR, Oct 30 (Bernama) -- Global credit rating agency, AM Best has affirmed South Korea’s KB Insurance Co Ltd (KBI) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook.
These credit ratings (ratings) reflect KBI’s strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management, as well as support from its parent, KB Financial Group Inc (KB Group), AM Best said in a statement.
KBI’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio, while its local solvency ratio is largely in line with the industry average and demonstrates an adequate buffer above the minimum regulatory requirements.
AM Best calculated KBI’s adjusted financial leverage at 8.2 per cent as of June 2026 and said the company has good access to capital markets and a conservative investment strategy.
KBI’s return on equity and combined ratios are broadly in line with domestic peers, but profitability in its main long-term insurance business remains under pressure from rising medical claims and competition. Its auto insurance business recorded underwriting losses in 2025 because of base rate cuts and stronger competition.
KBI is South Korea’s fourth-largest non-life insurer, with a stable market share of approximately 13 per cent, while its overseas operations remain modest, and it plans to explore further international opportunities with a measured approach to diversify earnings and sustain long-term growth.
As a wholly owned subsidiary and the only non-life insurer in KB Group, one of South Korea’s largest financial holding companies, KBI is strategically important to its parent and has received explicit capital support since joining the group in 2015.
AM Best said the ratings could be lowered if KBI’s balance sheet weakens significantly or if support from KB Group is reduced and could be raised if its operating performance consistently outperforms industry peers.
-- BERNAMA
These credit ratings (ratings) reflect KBI’s strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management, as well as support from its parent, KB Financial Group Inc (KB Group), AM Best said in a statement.
KBI’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio, while its local solvency ratio is largely in line with the industry average and demonstrates an adequate buffer above the minimum regulatory requirements.
AM Best calculated KBI’s adjusted financial leverage at 8.2 per cent as of June 2026 and said the company has good access to capital markets and a conservative investment strategy.
KBI’s return on equity and combined ratios are broadly in line with domestic peers, but profitability in its main long-term insurance business remains under pressure from rising medical claims and competition. Its auto insurance business recorded underwriting losses in 2025 because of base rate cuts and stronger competition.
KBI is South Korea’s fourth-largest non-life insurer, with a stable market share of approximately 13 per cent, while its overseas operations remain modest, and it plans to explore further international opportunities with a measured approach to diversify earnings and sustain long-term growth.
As a wholly owned subsidiary and the only non-life insurer in KB Group, one of South Korea’s largest financial holding companies, KBI is strategically important to its parent and has received explicit capital support since joining the group in 2015.
AM Best said the ratings could be lowered if KBI’s balance sheet weakens significantly or if support from KB Group is reduced and could be raised if its operating performance consistently outperforms industry peers.
-- BERNAMA
Bitget, Reality and Keyring Brings the First Fully Defi Equity Basis to The Market
VICTORIA, Seychelles, Oct 29 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has released a joint research report with Reality and Keyring exploring how tokenised equities can support trading strategies beyond traditional stock investing. The study examines how tokenised equities, perpetual derivatives and decentralised lending can work together, with historical simulations examining the potential returns, financing costs and risks associated with these strategies.
The research highlights how tokenised equities could expand beyond direct stock exposure into lending, collateral management and systematic investment strategies. Using Reality's rTokens, the model combines tokenised equity holdings with offsetting short positions in corresponding equity perpetual contracts. When funding rates are positive, these positions can generate funding payments while seeking to reduce exposure to movements in the underlying stock price. Keyring structures the associated lending markets, with IPOR Fusion providing onchain vault infrastructure and 1Token supporting portfolio monitoring and risk management.
Based on simulations covering December 15, 2025, to October 19, 2026, the rules-based index generated annualised net returns of approximately 7% during the in-sample period and 4% during the out-of-sample period. The research also identified a gross funding premium of approximately 11%–14%, with financing costs, execution expenses and liquidity constraints affecting net performance. The findings demonstrate the importance of managing these costs when developing equity-basis strategies across decentralised markets.
"Tokenised stocks are opening up opportunities beyond buying and selling shares. Investors can use them as collateral, combine with derivatives, and integrated strategies that previously required separate financial platforms," said Gracy Chen, CEO of Bitget. "This research shows how those pieces can work together, while highlighting the importance of execution costs, liquidity and risk management. That is an important part of what we're building with Bitget's Universal Exchange."
The report also examines the risks of executing these strategies across decentralised markets, including negative funding rates, collateral valuation differences, liquidation exposure and settlement delays. It emphasises that reliable pricing, sufficient liquidity and coordinated margin management remain essential to making these strategies viable.
Alex McFarlane, Founder of Keyring, said: “Bringing the equity basis trade fully on-chain makes a strategy traditionally run by asset managers more transparent, programmable and accessible to a broader set of investors. More importantly, the index creates a benchmark and set of building blocks that investment banks, fund managers and CTAs can use to develop their own strategies. Bitget’s focus on expanding rToken into DeFi is a significant step in that direction.”
The research forms part of Bitget's broader efforts to expand the use of tokenised assets within its Universal Exchange ecosystem. Selected products informed by the research are planned to launch through Bitget Earn, subject to product review, regulatory requirements, user eligibility and availability. All performance figures are based on historical simulations and do not represent realised returns or guarantee future performance.
To read the full report, visit here.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenised stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenised TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | X | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
About Reality
Reality is a regulated real-world asset issuance platform built for global markets, and is proudly part of the Bitget ecosystem. Working with licensed brokers across major exchanges, including Nasdaq and the NYSE, we purchase and hold the underlying assets in custody, then issue the corresponding rights on-chain. This connects traditional capital markets with on-chain infrastructure, opening institutional-grade access to real-world assets for users worldwide.
About Keyring
Keyring is the trust layer for on-chain markets.
The research highlights how tokenised equities could expand beyond direct stock exposure into lending, collateral management and systematic investment strategies. Using Reality's rTokens, the model combines tokenised equity holdings with offsetting short positions in corresponding equity perpetual contracts. When funding rates are positive, these positions can generate funding payments while seeking to reduce exposure to movements in the underlying stock price. Keyring structures the associated lending markets, with IPOR Fusion providing onchain vault infrastructure and 1Token supporting portfolio monitoring and risk management.
Based on simulations covering December 15, 2025, to October 19, 2026, the rules-based index generated annualised net returns of approximately 7% during the in-sample period and 4% during the out-of-sample period. The research also identified a gross funding premium of approximately 11%–14%, with financing costs, execution expenses and liquidity constraints affecting net performance. The findings demonstrate the importance of managing these costs when developing equity-basis strategies across decentralised markets.
"Tokenised stocks are opening up opportunities beyond buying and selling shares. Investors can use them as collateral, combine with derivatives, and integrated strategies that previously required separate financial platforms," said Gracy Chen, CEO of Bitget. "This research shows how those pieces can work together, while highlighting the importance of execution costs, liquidity and risk management. That is an important part of what we're building with Bitget's Universal Exchange."
The report also examines the risks of executing these strategies across decentralised markets, including negative funding rates, collateral valuation differences, liquidation exposure and settlement delays. It emphasises that reliable pricing, sufficient liquidity and coordinated margin management remain essential to making these strategies viable.
Alex McFarlane, Founder of Keyring, said: “Bringing the equity basis trade fully on-chain makes a strategy traditionally run by asset managers more transparent, programmable and accessible to a broader set of investors. More importantly, the index creates a benchmark and set of building blocks that investment banks, fund managers and CTAs can use to develop their own strategies. Bitget’s focus on expanding rToken into DeFi is a significant step in that direction.”
The research forms part of Bitget's broader efforts to expand the use of tokenised assets within its Universal Exchange ecosystem. Selected products informed by the research are planned to launch through Bitget Earn, subject to product review, regulatory requirements, user eligibility and availability. All performance figures are based on historical simulations and do not represent realised returns or guarantee future performance.
To read the full report, visit here.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenised stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenised TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | X | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
About Reality
Reality is a regulated real-world asset issuance platform built for global markets, and is proudly part of the Bitget ecosystem. Working with licensed brokers across major exchanges, including Nasdaq and the NYSE, we purchase and hold the underlying assets in custody, then issue the corresponding rights on-chain. This connects traditional capital markets with on-chain infrastructure, opening institutional-grade access to real-world assets for users worldwide.
About Keyring
Keyring is the trust layer for on-chain markets.
- Keyring Connect verifies participant eligibility while protecting personal data.
- Keyring Structuring builds permissioned credit markets backed by tokenised assets and index strategies.
- Keyring Unwind enables investors to open and close leveraged positions in tokenised assets at scale, coordinating redemption and debt repayment through smart contracts.
Important Disclaimer
Keyring.Network (Cayman) Limited (“Keyring”) operates as a permissioned access gateway to decentralised protocols and other decentralised finance (“DeFi”) applications. Keyring provides zero-knowledge verification services that allow verified users to interact with smart contracts while maintaining privacy.
Keyring is NOT a:
Keyring.Network (Cayman) Limited (“Keyring”) operates as a permissioned access gateway to decentralised protocols and other decentralised finance (“DeFi”) applications. Keyring provides zero-knowledge verification services that allow verified users to interact with smart contracts while maintaining privacy.
Keyring is NOT a:
- Financial intermediary, broker-dealer, or investment adviser;
- Custodian of user funds or digital assets;
- Party to any transactions between users and DeFi protocols; or
- Guarantor of protocol performance or investment outcomes.
Interacting with DeFi protocols through Keyring involves substantial risk, including smart-contract exploits, market volatility, and the possible total loss of digital assets. Participants engage with these protocols directly and bear full responsibility for all outcomes. Access may be restricted where local laws or sanctions prohibit use. Users worldwide must ensure compliance with all applicable laws in their own jurisdictions. By using Keyring’s services, participants acknowledge these risks, accept sole responsibility for their actions, and agree that Keyring’s liability, if any, is limited to the fullest extent permitted by law.
About 1ndex by 1Token
1Token is a global technology provider for digital-asset investment managers, with operations across APAC, Europe and North America. The company supports more than US$20 billion in assets across over 100 institutional clients and holds SOC 2 Type I and Type II certifications.
Its award-winning Crypto Asset Management (CAM) system connects with CeFi and DeFi venues through APIs, bringing portfolio management, trading, risk control, fund operations and reporting into a single environment. The platform supports front-office teams with live positions, exposures and performance analytics; middle-office teams with portfolio operations, risk monitoring, shadow NAV and investor activity; and back-office teams with trade reconciliation, valuation and P&L reporting.
1ndex complements this infrastructure as 1Token’s research and data platform for tracking, analysing and evaluating digital-asset investment strategies.
1ndex: https://1ndex.1token.tech/
1Token: https://1token.tech/
About IPOR Fusion
Developed by IPOR Labs AG (Zug, Switzerland), IPOR Fusion is the onchain vault infrastructure built for institutional-grade on-chain yield strategies. Its modular architecture provides deterministic risk enforcement, per-client vault isolation, embedded compliance, and flexible configuration through composable modules called Fuses, integrated with leading on-chain protocols.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e8b03c39-472b-4488-acae-f476552c4ea9
About 1ndex by 1Token
1Token is a global technology provider for digital-asset investment managers, with operations across APAC, Europe and North America. The company supports more than US$20 billion in assets across over 100 institutional clients and holds SOC 2 Type I and Type II certifications.
Its award-winning Crypto Asset Management (CAM) system connects with CeFi and DeFi venues through APIs, bringing portfolio management, trading, risk control, fund operations and reporting into a single environment. The platform supports front-office teams with live positions, exposures and performance analytics; middle-office teams with portfolio operations, risk monitoring, shadow NAV and investor activity; and back-office teams with trade reconciliation, valuation and P&L reporting.
1ndex complements this infrastructure as 1Token’s research and data platform for tracking, analysing and evaluating digital-asset investment strategies.
1ndex: https://1ndex.1token.tech/
1Token: https://1token.tech/
About IPOR Fusion
Developed by IPOR Labs AG (Zug, Switzerland), IPOR Fusion is the onchain vault infrastructure built for institutional-grade on-chain yield strategies. Its modular architecture provides deterministic risk enforcement, per-client vault isolation, embedded compliance, and flexible configuration through composable modules called Fuses, integrated with leading on-chain protocols.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e8b03c39-472b-4488-acae-f476552c4ea9
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
Thursday, 29 October 2026
OMODA X OFF-ROAD CROSSOVER DEBUTS WITH NIGHT VISION
KUALA LUMPUR, Oct 29 (Bernama) -- OMODA, part of Chery’s OMODA & JAECOO division, has unveiled the OMODA X, which it describes as the world’s first “cross off-road vehicle”, at a global debut event on Oct 20.
The model combines the practicality of a sport utility vehicle (SUV) with the adventurous capability of an off-roader and the dynamic character of a sports car, according to the company in a statement.
It is built around the brand’s three core themes: mecha design, crossover versatility and smart technology.
The OMODA X has 200 millimetres (mm) of ground clearance, a wading capability of more than 700 mm, a towing capacity of up to 1,800 kilograms (kg), a roof load capacity of 75 kg and 39 storage spaces.
Its design draws on futuristic, robot-inspired mecha culture, with a wide-body stance, geometric surfaces inspired by mecha aircraft and lightning-shaped tail lights.
The vehicle features an artificial intelligence (AI)-based in-car system called Super Intelligent AI Space, an X-MODE setting that adjusts the car’s settings and performance to the driver’s preferences, and an infrared night vision system that can identify potential hazards up to 90 metres away.
At the launch, four users from Indonesia, Brazil, South Africa and Poland presented their own interpretations of the model as part of the brand’s OMODA X Co-Creation Project.
-- BERNAMA
The model combines the practicality of a sport utility vehicle (SUV) with the adventurous capability of an off-roader and the dynamic character of a sports car, according to the company in a statement.
It is built around the brand’s three core themes: mecha design, crossover versatility and smart technology.
The OMODA X has 200 millimetres (mm) of ground clearance, a wading capability of more than 700 mm, a towing capacity of up to 1,800 kilograms (kg), a roof load capacity of 75 kg and 39 storage spaces.
Its design draws on futuristic, robot-inspired mecha culture, with a wide-body stance, geometric surfaces inspired by mecha aircraft and lightning-shaped tail lights.
The vehicle features an artificial intelligence (AI)-based in-car system called Super Intelligent AI Space, an X-MODE setting that adjusts the car’s settings and performance to the driver’s preferences, and an infrared night vision system that can identify potential hazards up to 90 metres away.
At the launch, four users from Indonesia, Brazil, South Africa and Poland presented their own interpretations of the model as part of the brand’s OMODA X Co-Creation Project.
-- BERNAMA
RAS AL KHAIMAH SIGNS FUJIAN PACT, 10 MOUS IN CHINA
KUALA LUMPUR, Oct 29 (Bernama) -- Ras Al Khaimah (RAK) and China’s Fujian Province have signed a friendship agreement to strengthen economic, maritime and cultural ties, concluding a six-day visit to China by the emirate’s Ruler, Sheikh Saud bin Saqr Al Qasimi.
The agreement, signed in Fuzhou in the presence of Sheikh Saud, who is also a member of the United Arab Emirates (UAE) Supreme Council, sets a framework for cooperation in green supply chains, port logistics, sustainable building materials and cultural exchange.
“Signing this friendship agreement with Fujian Province cements a partnership rooted in mutual respect, shared ambition and centuries of maritime connection, which creates a formal foundation for our communities and enterprises to collaborate more closely,” said Sheikh Saud.
In a statement, he said the emirate’s friendship with China was rooted in history and renewed by a shared vision for modern economic transformation.
The agreement followed the signing of 10 memoranda of understanding (MoUs) between RAK entities and Chinese counterparts. They included a deal between the RAK Government’s International Relations Office and UBTECH Robotics to test, demonstrate and deploy humanoid robots in industry, commercial services, elderly care and cultural tourism.
Other MoUs were signed between the RAK Transport Authority and the Shenzhen Urban Transport Planning Center, and between the International Relations Office and Phoenix New Media Information Technology. Marjan Group and RAKBANK each signed agreements with the Bank of China’s Dubai branch, and Marjan Group also signed one with China Road and Bridge Corporation.
The RAK Chamber of Commerce and Industry signed MoUs with Tianhe Central Business District and the Bureau of China International SME Fair. Further agreements were signed between the RAK Department of Antiquities & Museums and the Sun Yat-sen University History Museum, and between the RAK Economic Zone and Fujian Jihong Packaging Technology.
The visit, from Oct 18 to 23, covered Shenzhen and Guangzhou in Guangdong Province and Fuzhou in Fujian. It included the RAK-China Business Conference, meetings with government officials and business leaders in Guangzhou, and the opening of RAK’s first business consultancy in China.
-- BERNAMA
UAE’S SPACE42 SIGNS SATELLITE MOU WITH VIASAT, CANADA’S TERRESTAR
KUALA LUMPUR, Oct 29 (Bernama) -- Space42, the United Arab Emirates (UAE)-based artificial intelligence (AI)-powered SpaceTech company, United States satellite firm Viasat Inc and Canada’s Terrestar Solutions Inc have signed a memorandum of understanding (MoU) to develop an open, standards-based framework linking their planned satellite networks for direct-to-device (D2D) mobile services.
The MoU was signed during Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s official visit to Canada, where he held talks with Prime Minister Mark Carney.
The framework would link Terrestar’s planned Canadian low-Earth orbit constellation, CaStar, with Equatys, a planned global shared platform for D2D and other mobile-satellite services (MSS). Space42 and Viasat signed a binding agreement in September to co-found Equatys, backed by up to US$1 billion in combined equity commitments. (US$1 = RM4.07)
Each operator would keep ownership and control of its satellites, ground infrastructure and customers, with CaStar operating as a sovereign Canadian system that keeps domestic data within Canadian jurisdiction, Space42 said in a statement.
“This MoU demonstrates how sovereign satellite systems and shared global infrastructure can work together to deliver D2D services globally. Terrestar maintains its position as Canada’s independent MSS operator while exploring how to participate in a broader ecosystem,” said Space42 Managing Director, Karim Michel Sabbagh.
The company said the arrangement is the first example of Equatys’s “sovereign shell” approach, combining a global system with national or regional constellations run by trusted local operators, and is expected to reduce costs and improve coordination between systems.
UAE Minister of Foreign Trade, Dr Thani bin Ahmed Al Zeyoudi said the MoU reflected the UAE’s deepening trade and investment links with Canada, including the newly signed Comprehensive Economic Partnership Agreement.
Space42 said the framework is designed to accommodate additional satellite systems, mobile network operators and service providers over time.
-- BERNAMA
The MoU was signed during Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s official visit to Canada, where he held talks with Prime Minister Mark Carney.
The framework would link Terrestar’s planned Canadian low-Earth orbit constellation, CaStar, with Equatys, a planned global shared platform for D2D and other mobile-satellite services (MSS). Space42 and Viasat signed a binding agreement in September to co-found Equatys, backed by up to US$1 billion in combined equity commitments. (US$1 = RM4.07)
Each operator would keep ownership and control of its satellites, ground infrastructure and customers, with CaStar operating as a sovereign Canadian system that keeps domestic data within Canadian jurisdiction, Space42 said in a statement.
“This MoU demonstrates how sovereign satellite systems and shared global infrastructure can work together to deliver D2D services globally. Terrestar maintains its position as Canada’s independent MSS operator while exploring how to participate in a broader ecosystem,” said Space42 Managing Director, Karim Michel Sabbagh.
The company said the arrangement is the first example of Equatys’s “sovereign shell” approach, combining a global system with national or regional constellations run by trusted local operators, and is expected to reduce costs and improve coordination between systems.
UAE Minister of Foreign Trade, Dr Thani bin Ahmed Al Zeyoudi said the MoU reflected the UAE’s deepening trade and investment links with Canada, including the newly signed Comprehensive Economic Partnership Agreement.
Space42 said the framework is designed to accommodate additional satellite systems, mobile network operators and service providers over time.
-- BERNAMA
Wednesday, 28 October 2026
Nasdaq Strengthens Asia-Pacific Leadership Team
Andrew Murray joins as Senior Vice President to deepen Nasdaq’s Financial Technology client partnerships across Asia-Pacific as the region enters a defining era of market evolution
Bob McCooey, Vice Chairman and Head of International Listings, relocates to Singapore to broaden access to global capital for the region’s companies and investors
SINGAPORE, Oct 26 (Bernama-GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the appointment of Andrew Murray as Senior Vice President, Financial Technology, Asia-Pacific, strengthening its senior presence in one of the world’s most dynamic regions. Based in Singapore, Murray will deepen Nasdaq’s Financial Technology client partnerships and accelerate business growth across Asia-Pacific, supporting financial institutions as they deliver on their technology and transformation priorities. His appointment follows the relocation to Singapore of Bob McCooey, Vice Chairman and Head of International Listings, a move that enhances Nasdaq’s engagement with the region’s companies and their access to global capital.
These developments position Nasdaq to help advance the region’s technology and capital markets ambitions.
“Asia-Pacific is entering one of the most significant cycles of innovation and market evolution in decades, driven by AI, data and the move toward always-on, globally connected markets,” said Valerie Bannert-Thurner, Executive Vice President and Chief Revenue Officer, Financial Technology at Nasdaq. “Andrew’s strong track record of helping financial institutions solve complex technology challenges will be invaluable as our clients navigate this rapidly changing landscape. Alongside Bob and our teams across the region, we are committed to being a trusted, long-term partner to Asia-Pacific’s market ecosystems.”
Murray brings more than three decades of experience leading teams and building long-term client partnerships at financial technology companies serving treasury, trading, corporate banking and capital markets clients. Most recently, he served as a leader in International Banking and Payments at FIS, where he supported clients across the full banking and payments value chain. His career includes senior international leadership positions at FIS in Banking & Markets and Post-Trade Solutions, as well as previous experience at Calypso Technology (now part of Nasdaq), SunGard, Wall Street Systems and Deutsche Bank.
“Asia-Pacific’s ambition is reshaping the global economy, and the region’s companies and investors increasingly seek access to deep, global pools of capital to fuel that growth,” said Bob McCooey, Vice Chairman and Head of International Listings at Nasdaq. “Strengthening our presence on the ground will allow us to work more closely with the region’s companies, investors and market participants, and deepen our role as a long-term partner across Asia-Pacific. Together, we can bring the full breadth of Nasdaq to support the innovation and economic growth that define this region.”
McCooey’s relocation underscores Nasdaq’s commitment to broadening access to capital and supporting the development of companies and economies across Asia-Pacific. With more than two decades at Nasdaq, McCooey has partnered with many of the region’s most innovative companies on their journeys to the global capital markets. Being based in Singapore will facilitate closer collaboration with clients, partners and local market ecosystems.
Basing two additional senior leaders in Singapore also reflects Nasdaq’s enduring commitment to Asia-Pacific. As the region’s markets become more connected, continuous and technology-driven, Nasdaq will continue to partner with clients, exchanges and market ecosystems to strengthen the trusted infrastructure that supports capital formation and long-term economic growth.
Notes to editors
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying the technology, data, and advanced analytics that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Media Contacts:
Sophie Sophaon; +852 6305 7060; Sophie.Sophaon@nasdaq.com
Andrew Hughes; +44 (0)7443 100896; Andrew.Hughes@nasdaq.com
SOURCE: Nasdaq, Inc.
--BERNAMA
SINGAPORE, Oct 26 (Bernama-GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the appointment of Andrew Murray as Senior Vice President, Financial Technology, Asia-Pacific, strengthening its senior presence in one of the world’s most dynamic regions. Based in Singapore, Murray will deepen Nasdaq’s Financial Technology client partnerships and accelerate business growth across Asia-Pacific, supporting financial institutions as they deliver on their technology and transformation priorities. His appointment follows the relocation to Singapore of Bob McCooey, Vice Chairman and Head of International Listings, a move that enhances Nasdaq’s engagement with the region’s companies and their access to global capital.
These developments position Nasdaq to help advance the region’s technology and capital markets ambitions.
“Asia-Pacific is entering one of the most significant cycles of innovation and market evolution in decades, driven by AI, data and the move toward always-on, globally connected markets,” said Valerie Bannert-Thurner, Executive Vice President and Chief Revenue Officer, Financial Technology at Nasdaq. “Andrew’s strong track record of helping financial institutions solve complex technology challenges will be invaluable as our clients navigate this rapidly changing landscape. Alongside Bob and our teams across the region, we are committed to being a trusted, long-term partner to Asia-Pacific’s market ecosystems.”
Murray brings more than three decades of experience leading teams and building long-term client partnerships at financial technology companies serving treasury, trading, corporate banking and capital markets clients. Most recently, he served as a leader in International Banking and Payments at FIS, where he supported clients across the full banking and payments value chain. His career includes senior international leadership positions at FIS in Banking & Markets and Post-Trade Solutions, as well as previous experience at Calypso Technology (now part of Nasdaq), SunGard, Wall Street Systems and Deutsche Bank.
“Asia-Pacific’s ambition is reshaping the global economy, and the region’s companies and investors increasingly seek access to deep, global pools of capital to fuel that growth,” said Bob McCooey, Vice Chairman and Head of International Listings at Nasdaq. “Strengthening our presence on the ground will allow us to work more closely with the region’s companies, investors and market participants, and deepen our role as a long-term partner across Asia-Pacific. Together, we can bring the full breadth of Nasdaq to support the innovation and economic growth that define this region.”
McCooey’s relocation underscores Nasdaq’s commitment to broadening access to capital and supporting the development of companies and economies across Asia-Pacific. With more than two decades at Nasdaq, McCooey has partnered with many of the region’s most innovative companies on their journeys to the global capital markets. Being based in Singapore will facilitate closer collaboration with clients, partners and local market ecosystems.
Basing two additional senior leaders in Singapore also reflects Nasdaq’s enduring commitment to Asia-Pacific. As the region’s markets become more connected, continuous and technology-driven, Nasdaq will continue to partner with clients, exchanges and market ecosystems to strengthen the trusted infrastructure that supports capital formation and long-term economic growth.
Notes to editors
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying the technology, data, and advanced analytics that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Media Contacts:
Sophie Sophaon; +852 6305 7060; Sophie.Sophaon@nasdaq.com
Andrew Hughes; +44 (0)7443 100896; Andrew.Hughes@nasdaq.com
SOURCE: Nasdaq, Inc.
--BERNAMA
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