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Digitalisation Across The Energy Value Chain

Matthias Lang discussed the digitalisation  across the energy value chain focusing on the current legal framework, use cases of digitalisation in the energy sector and possibilities and challenges of digitalisation.

On 31 October 2019 four different panels discussed the digital transformation of energy.

The panels focused on ‘Digitalisation maturity across the energy value chain’, ‘Developing a digital energy ecosystem’, ‘Enabling e-mobility: Business models, infrastructure, technologies, stakeholders’ and ‘IT security and resiliency in the critical power sector’.

Matthias pointed out that digitalisation is a key instrument in the future energy transition. Along the energy value chain digitalisation has been used for a long time for backend solutions but energy digitalisation is more about future frontend business models.

Future digital business models need a secure legal framework to be able to develop but digitalisation in the energy sector is still in its developing phase. The legal framework has to be secure and transformative to pave the way for a more and more mature digitalisation across the energy value chain.

Digitalisation in the energy sector can be utilised in different ways. Introducing new technologies like Blockchain to create peer-to-peer trading platforms demonstrates the possibilities and challenges of digitalisation.

The European Clean Energy Package takes an important step towards utilising digital solutions for the clean energy transition and building a more flexible electricity system, but is only an early step towards a more comprehensive, mature and digital legal framework.

Singapore Convention on Mediation

The signing ceremony for the United Nations Convention on International Settlement Agreements Resulting from Mediation was held on 7 August 2019 in Singapore.

The United Nations is an intergovernmental organisation whose purpose is to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonising the actions of nations.

There is a great expectancy by the players involved in international commercial disputes concerning what really wait from this point in the mediation international scenario.

It is true that the Convention is a milestone. An international convention is very likely to bring us various benefits, and contribute with the development of mediation as an adequate method of dispute resolution in the international arena.

Many users are expecting the same positive effects that New York Convention has brought to arbitration.

The text of the Convention gives a wide interpretation of the term Mediation and sets grounds under which the recognition and enforcement of the agreement could be denied by State courts.

It seems there will be no more excuses not to consider Mediation as an option for the ones who are involved in actual our potential conflicts.

Singapura is giving us the example, by leading an International Mediation Competition during the week of the Singapore Convention signature, and, thus, putting together many of the young generation representatives, that will be soon dealing with international dispute resolution.

IPC Scoops Two Trophies at SBR Technology Excellence Awards

IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announces the win of two awards in the 2019 Singapore Business Review Technology Excellence Awards.

Best Connectivity for Financial Services – Connexus Cloud earned IPC the award for “Connectivity for Financial Services”. IPC’s Connexus Cloud is a high-performance financial markets cloud solution for data, voice and enterprise communications and compliance. Connexus Cloud helps firms trade faster, scale with greater ease, and achieve greater agility, productivity and efficiency, resulting in a significant competitive advantage.

Best Infrastructure Technology for Financial Services – IPC’s Unigy platform was named the winner of the “Infrastructure Technology for Financial Services” category. Unigy, IPC’s flagship solution, has been recognised globally for years as the industry’s dominant trading and communications platform. It is a widely adopted, secure, compliant, end-to-end solution purpose-built to address the specific needs of the global regulated financial markets community.

To express its appreciation for innovative technological solutions with a wide-ranging influence, Singapore Business Review pays tribute to firms that have launched extraordinary products, services, and strategies in the past two years.

To be recognised at the 2019 SBR Technology Excellence Awards, nominees have to meet the criteria of uniqueness and innovation, effectiveness and impact, and dynamism, which are essential elements of success in the digital era.

The inaugural awards ceremony was held on May 30, 2019 at the Conrad Centennial Singapore.

This year’s nominations were judged by a panel consisting of professional advisers from Ernst & Young LLP, Nexia TS, KPMG, BDO LLP,  RHTLaw and Taylor Wessing LLP.

IPC Overview

IPC is a technology and service leader powering the global financial markets. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology.

With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants.

As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected.

Synpulse widens circle of Partners

International management consultancy Synpulse has two new partners. The appointments are a result of strong growth in the company’s business with banks and insurers in Singapore and Hong Kong.

Synpulse has appointed Prasanna Venkatesan and Salomon Wettstein as new partners, according to a news release on Thursday. The firm also announced that Yves Roesti has joined its team of managing partners.

Roesti is based in Singapore and responsible for Synpulse’s consulting business in Asia. He studied computer science and economics at the University of Zurich and started his career at Synpulse in Zurich in 2006. Since his relocation to Singapore in 2008, he has led the expansion of Synpulse’s consulting business in Asia.

Promoting Digital Roadmaps

In 2015, he was appointed partner. Under his leadership, Synpulse grew the team in Asia to 150 consultants across three key markets – Singapore, Hong Kong and Australia. In particular, Roesti has been promoting banking operating model transformations and digital roadmaps.

Wettstein joined Synpulse in 2011. He holds a Master in Computational Science and Engineering at the Swiss Institute of Technology (ETH) in Zurich. Wettstein heads the Hong Kong office and oversees the banking practice in the Greater China region. He manages strategic business and technology transformations for clients in that region and is part of the global Operational Excellence leadership team.

Consulting Private Banks

Venkatesan also started his career at Synpulse in 2011 and is based in Singapore. He holds an MBA from the Nanyang University of Technology (NTU) in Singapore. He specializes in consulting for the private banking sector in the areas of advisory excellence, large scale transformation and leads the regulatory, risk and compliance practice in Asia.

Since its founding in 1996, Synpulse has supported banks and insurers along the entire value chain – that is from the development of strategies and their operational realization to technical implementation and handover. Synpulse stands out due to the industry expertise, passion and commitment of its more than 350 employees. The firm has offices in Zurich, Geneva, Dusseldorf, Frankfurt, Bratislava, Vienna, Singapore, Hong Kong, New York and London.

Griffith Business alumnus becomes Trade & Investment commissioner

Griffith Business School alumnus Julie-Anne Nichols has been announced as Queensland’s new Trade and Investment Commissioner for China.

Premier Annastacia Palaszczuk said Ms Nichols, who holds a Bachelor of International Business and a Graduate Diploma in Mandarin Chinese Language from the University, has exceptional experience as a leader and stakeholder liaison with the Asian business landscape that will serve her well in the key role.

“Ms Nichols has been the Queensland Trade and Investment Commissioner in Hong Kong since February 2017 and was previously the Senior Trade Commissioner for Austrade in Guangzhou and in Singapore, so her experience across Asia is outstanding,” Ms Palaszczuk said.

“She is well placed to represent Queensland’s interests in trade and investment across all industries and has an extensive knowledge of the Chinese market.”

Acting Pro Vice Chancellor (Business) Professor Fabrizio Carmignani congratulated Ms Nichols on her appointment, which will see her work to improve trade and investment ties between Queensland and China.

“We are proud to hear that one of our remarkable Griffith Business School alumni has climbed to such tremendous heights in the international trade and investment sector,” Professor Carmignani said.

“As a university with historically strong ties to the Asia region, it is deeply rewarding to see Julie-Anne living the Griffith value of engaging with our northern neighbours to achieve meaningful outcomes and impacts for the state of Queensland at large.

“We wish Julie-Anne all the best in her new and exciting role, and will be watching eagerly as she continues to move from strength to strength in her career.”

Ms Nichols has been a resident of China for a decade, during which time she has overseen several teams working across eastern China and north-east Asia.

One of her first duties, according to the state government, will be to oversee the 30th anniversary of the Queensland Government Sister-State Agreement with Shanghai Municipal Government, being commemorated this year.