Blockchain
Newman Jiang Expands Its Retail Client Business in Chongqing
Chongqing, China–(Newsfile Corp. – November 7, 2022) – Newman Jiang has announced that it will expand its retail client operations in Chongqing. The global wealth management firm is expanding its offering to take on more retail clients, in addition to continuing to provide highly tailored services that address the needs of corporations and high-net-worth individuals and their families.
As a result, Newman Jiang now offers across-the-board corporate, institutional, and private retail client services for the first time.
The firm is using a focused marketing campaign to reach potential new clients and grow the number of private retail clients it currently has.
In its decade-long history, Newman Jiang has focused less on private retail clients and catered mainly to the needs of institutional investors and the very wealthy. As a result, multi-millionaires and funds, such as pensions, have enjoyed the rewards of outperformance in the markets and committed an ever-larger share of their assets to the firm.
CEO Martin Newman, who founded Newman Jiang in 2012, said: “Expanding our business further into the private retail market is another significant step in our ambitious growth strategy. Despite the general uncertainty in financial markets, retail investors have been clamoring for access to the same opportunities and the chance to benefit from the same above-average returns enjoyed by corporate and institutional investors over the past decade.”
To house the expansion of services, Newman Jiang has also announced a 10-year lease extension and increased its footprint in the HNA Poly Plaza offices in Chongqing.
“This lease extension and expansion for Newman Jiang was a strategic choice for our business as we continue to grow in both the Asian and global markets,” said Martin Newman. “Our new office space is undergoing modernization upgrades and renovations that will continue to make the location a top choice for our business and will help us add to and improve how we serve the needs of our clients for many years to come.”
“This lease extension is a direct result of our current success and a strong demonstration of our commitment to Chongqing, and South East Asia, which is a perfect geographical location to serve clients in all parts of the world,” Mr. Newman added. “Chongqing is increasingly becoming a destination of choice for financial services companies, so we wanted to ensure our offices represent our culture and belief in the city.”
With a renewed focus on increasing private retail clients, Newman Jiang will be adding to its staff numbers under the experienced management of Richard Cross, Head of Private Clients.
“The hiring process will take place over an extended period,” said Mr. Cross, “due to the low number of personal clients we individually look after, we already have the capacity to take on new retail clients without affecting the quality of service we provide to our existing clients. Over time, we will bring new team members on board, but we prefer to assimilate them slowly rather than adding a large number at once, which could upset our company culture and the excellent working environment we have developed over many years.”
Newman Jiang prides itself on the diversity of its workforce, with staff originating from all continents, in addition to local Chinese employees. “This is an exciting time for Newman Jiang,” added Mr. Cross, “and we look forward to assisting many more private retail clients.”
Newman Jiang has operated out of Chongqing since the company was founded by Martin Newman and company president Ken Jiang in early 2012, believing that developing closer relationships with fewer clients should be the priority.
For more detailed information about Newman Jiang and the expanding range of services they offer to clients worldwide, please visit https://www.njinc.com/. Contact information can also be found at https://www.njinc.com/contact-us.
Media Contact:
Grace Song- Head of Marketing
[email protected]
https://www.njinc.com/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143273
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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