Cornelius Vanderbilt Capital Management extends funding to Singapore via its securities lending program
Monday 23 August, 202128th
June 2021, Cornelius Vanderbilt Capital Management proudly announces
publicly the extension of its securities lending program into
Singapore. Our latest expansion into Singapore is due to demand from
the country, we are providing much needed to support to businesses in
need during this tough time. Vanderbilt extends its securities
lending program for businesses struggling in the pandemic.
Executive
Vice President Susan Liew says “In 2020, Singapore posted a GDP
growth of -6%. However, latest estimates from Singapore's Ministry of
Trade & Industry (MIT) show Singapore's GDP had rose 0.2% YOY, a
turnaround from a 2.4% contraction registered in the fourth quarter
of 2020. Cornelius Vanderbilt has just announced the extension of our
funding to aid businesses and specifically to further develop the
country – Singapore. This will bring some relief and allow
promising fast growth companies and businesses to innovate, transform
and scale.”
Head
of Global Sales & Underwriting, Jack Thorne, MBA, CPA says
“Extending our funding to Singapore comes at a great time for
businesses that are finding it hard to find funds to keep a strong
balance sheet. Asset backed financing represents
a $4.5 trillion market, which is forecast to grow to $7 trillion in
the next five years.
Cornelius have pledged $5 billion dollars to this market over the
next five years, we expect to see exponential growth, securities
lending is a big part of our plans.”
Executive
Vice President Alessia Anton says “Singapore's economy is on a
steady path to regain strength as both technical and fundamental
indicators such as the Straits Times Index (STI) shows us that it is
on the path of recovery and slowly creeping up; this opportunity
allows the country's shareholders to rip the benefits of our lending
program. We want to ensure businesses can continue to operate and
thrive under the current circumstances.'
The
Cornelius Vanderbilt management and advisory team leads a talented
group of bankers,
wealth managers, and consultants to provide our best-of-class
services to individuals
and institutional clientele across five continents. Our core suite of
investment and merchant banking services will develop novel methods
to scale your current capital through mobilization and to focus on
your long-term security and growth. Our corporate values give you
unique opportunities, complete transparency in making decisions,
autonomy, and global management to oversee the expansion of your
capital base. These services and our business solutions will secure
the financial needs of future generations while allowing you to focus
on current needs and demands.
Cornelius
Vanderbilt is a premier provider of wealth management and
multi-faceted Merger and Acquisition services in all aspects of debt
and equity financing, restructuring, valuation, and strategic
consulting. We are extending our rewards program to our Business
Development Manager's. We welcome you with the opportunity to provide
your clients bespoke liquidity solutions with our stock loan rewards
program. You can earn a commission within 14 days of your client's
initial application as well as earn extra bonuses for the referral.Distributed by https://pressat.co.uk/