Australian financial firm expands in SA

first_img20 January 2011Australian financial markets software provider IRESS Market Technology is to expand its activities in South Africa through the acquisition of local financial software solution provider Peresys for approximately R375-million.Peresys has an established client base in South African financial markets, and enjoys a dominant position in order execution and financial information exchange-based routing across all asset classes.IRESS, which provides online and desktop solutions for both financial markets users and wealth management tools for financial professionals, already has a presence in South Africa through its head office in Durban, as well as offices in Johannesburg and Cape Town.“For some time, IRESS has assessed the opportunity and timing to expand our presence in South Africa from wealth management and introduce our financial market services such as order execution, trading, and market data,” IRESS managing director Andrew Walsh said in a statement this week.“The combined IRESS and Peresys service offering is anticipated to grow revenues while leveraging the largely fixed cost base.”Extensive product rangePeresys will immediately establish IRESS’ financial markets division in South Africa, building on its existing wealth management presence that together forms significant scale and an extensive product range in South Africa.According to the statement, IRESS believes in the advantages that come with scale both for its own operations, and to the benefit of its clients through product opportunities and investment in initiatives.“Peresys is the clear industry leader in South Africa, which IRESS has held in high regard for some time for its client base, breadth of product, dedication to support and innovation, and positioning,” said Walsh.‘Integral part’ of SA financial marketsAccording to the statement, the combined company’s initial focus will be on immediate product opportunities based around introducing IRESS components, specifically retail online trading, portfolio management, and market data.Peresys CEO Ashley Mendelowitz said the transaction was an exciting opportunity for Peresys and its customers, who could look forward to having access to an expanded product offering from IRESS.“We will continue to do the things that have made us an integral part of the South African financial markets over the past decade, including retaining the same values and our strong focus on domestic requirements, innovations and local support, ultimately ensuring that Peresys remains the material connection point for the international trading community to South Africa and, in time, the rest of Africa,” Mendelowitz said.SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

What A Leader Must Do

first_imgVision. Mission. Purpose. Then these:A leader must believe there is a way. Strategy is nothing without belief. And if you don’t believe, no one else will.A leader must be a teacher. A leader teaches business, teaches values, teaches strategy, teaches empathy, teaches tactics, teaches personal growth and development, teaches mentorship, teaches coaching, and teaches customer-focus.A leader must help their team understand why something must be done.A leader must trust her people to accomplish their missions using tactics of their own choosing. She must build a team of people she trusts enough to use their own resourcefulness and creativity to reach their goals and overcome the inevitable obstacles.A leader must instill a spirit, a confidence, an esprit de corpes in their followers.A leader must nurture, sustain, and protect a healthy culture.A leader must surround themselves with people who will tell them the ugly truth without fear, and the leader must reward their candor (and never punish it).A leader must collect and share stories of people doing things right, living the purpose, and living the values.A leader breathes life into the organization’s values by serving as an example of those values.A leader must build more leaders out his followers, knowing that every follower is someone else’s leader—or will be soon.A leader must make himself dispensable.A leader must be decisive. They must make the tough calls.A leader must do what is unpopular when it is necessary, and they must explain why they made the decision so that others may understand. This is especially true when people’s lives are effected by those decisions.A leader must care more than anyone else.A leader must go first when it comes to the most difficult challenges.A leader must be entrenched in the details.A leader must accept responsibility and must be accountable for the decisions they take.These are some things a leader must do.QuestionsWhat do leaders do?What makes a leader effective?What are a leader’s most important priorities?What would you want from a leader?last_img read more

3,498 Bru families identified as bonafide residents of Mizoram, says State Home secretary

first_imgMizoram government officials have identified 3,498 families staying in the six Bru relief camps in Tripura as bonafide residents of the State, Home Secretary Lalbiakzam said on Tuesday. All the identified families have expressed willingness to the officials to return to Mizoram during the proposed government-sponsored repatriation process, Lalbiakzama told PTI. “The second phase of identification process commenced on July 3 and is scheduled to be completed by July 20,” he said, adding that the period might be extended if the officials could not complete the process on time. Though the Ministry of Home Affairs has expressed its desire to begin the physical repatriation from September and to complete it within a month, but the unprecedented belated onset of monsoon might compel the government to defer the beginning of the repatriation process, the Mizoram Home Secretary said. He said that all the arrangements including the logistics of the repatriation like transportation, construction of transit camps along the Tripura border as also the quantum of free ration and cash dole would be determined by the number of identified people as well as those who were noted as willing to return to Mizoram. Those who return to the State would be provided a free ration and ₹5,000 per month per family for a period of two years, as per the agreement reached between the Centre, State governments of Mizoram and Tripura and Mizoram Bru Displaced People’s Forum (MBDPF) on July 3, 2018.last_img read more