Asia Pacific

Siemens Energy appoints Thorbjörn Fors, Samuel Morillon to new AsiaPac roles

SIEMENS Energy has appointed Thorbjörn Fors as senior vice president of the Asia Pacific region based in Singapore. He succeeds Samuel Morillon who is now vice president of the Pacific sub-region based in Melbourne. 

Mr Fors oversees all operational business areas across16 countries out of Singapore. He reports to Siemens Energy executive board member Anne-Laure de Chammard.

“The Asia Pacific region plays a crucial role in the energy transformation,” Mr Fors said. “As we rise to meet the region’s growing appetite for energy, we must harness the momentum for the energy transition to power the shift from coal to gas and renewables. I look forward to being part of this exciting new chapter and working with the people in this diverse region.” 

Prior to his current appointment, Mr Fors was based in Finspång, Sweden as EVP of Siemens Energy Industrial Applications Division. Before joining Siemens, Mr Fors held leadership positions at ABB and Alstom.

www.siemens-energy.com

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WeQual awards recognise 8 exceptional business women across Asia

EIGHT talented businesswomen, holding prominent executive roles in leading companies listed across the Asia-Pacific region, have been named winners in the WeQual Awards.

The WeQual Awards were created to accelerate gender parity at the top of the largest companies in the world. More than 35 percent of WeQual Awards winners are now at global executive committee level, and more than 50 percent of the category winners of our first awards have made it to the top – including one chief executive.

There are now more than 160 major companies worldwide that can boast a WeQual Award finalist – known as WeQual Alumni – among their senior leadership. 

“WeQual’s mission is to achieve corporate gender parity. The WeQual Awards are designed to identify, celebrate and encourage talented women who are ready and willing to take the next step to group executive committee level,” Katie Litchfield, the founder of WeQual said.

To help accelerate gender parity in business leadership, WeQual recently launched an online platform, WeQual Global. Members benefit from regular events, think tanks, peer-to-peer coaching and instant access to a global directory of WeQual women, creating the conditions to collaborate with thought leaders at some of the largest companies in the world.

(pictured) are: 

Finance: Rajani Kesari, chief financial officer for Ambuja Cements Ltd, Holcim.

Product: Sarala Menon, executive vice president for manufacturing and product supply chain, Colgate-Palmolive India and South Asia.

Marketing: Paula Pinto, global head of business and marketing excellence, UPL.

Strategy: Mehrnavaz Avari, area director UK and general manager, St James’ Court, a Taj Hotel; and Taj 51 Buckingham Gate, Suites and Residences, London for Indian Hotels Company Ltd.

People: Sarah Southwell, general manager for human resources, for GrainCorp, Australia.

Communication: Frances van Reyk, head of investor relations for Ampol Limited, Australia.

Operations: Kavita Jain, vice president for supply chain and operations, South Asia, Hindustan Unilever.

Innovation: Deborah Peach, executive general manager for health, safety and the environment, Cleanaway, Australia.

All entries for the WeQual Awards are anonymously assessed, meaning assessors see neither their name nor the company for which they work. After the assessment, the 24 finalists are appraised by one of WeQual’s executive interviewers before eight category winners are chosen.

WeQual’s executive interviewers include: Dame Inga Beale, chair of Mediclinic and former CEO of Lloyd’s of London, Mediclinic; Pier Luigi Sigismondi, president of Dole Sunshine Company; Shumit Kapoor, president, AP-MEA for Kellogg Company; Umang Vohra, managing director and global chief executive officer, Cipla; Tamara Box, managing partner for Europe and Middle East, Reed Smith; Tulsi Naidu, chief executive officer APAC and group executive, Zurich Insurance; Sanjiv Mehta, president, South Asia, chair and managing director, Hindustan Unilever Limited; Zoran Bogdanovic, CEO, Coca-Cola HBC.

www.wequal.com

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Rubrik names Antoine Le Tard as APAC VP

RUBRIK, known as the Zero Trust Data Security Company, has appointed experienced cybersecurity leader, Antoine Le Tard as its vice president for the Asia-Pacific (APAC) region.

Based in Sydney, Mr Le Tard brings more than 25 years of IT industry experience following senior leadership roles at RSA Security, Verizon, and most recently as global vice president for Asia-Pacific Japan and China (APJC) at AppDynamics. 

“There is no way to stop every single cyber attack, regardless of what industry you’re in,” Mr Le Tard said. 

“With this in mind, the future of cybersecurity lies in turning the traditional fortress mentality on its head and making the business resilient in the wake of an attack. That’s why I joined Rubrik. The company’s approach to data security helps ensure potentially catastrophic incidents become minor inconveniences.” 

Le Tard said his priority as Rubrik’s APAC leader would be to build upon the company’s positive momentum and strong community of partners and customers while continuing to accelerate Rubrik’s mission to secure the world’s data.     

Mr Le Tard will work closely with APAC country leaders including Scott Magill, Koichi Ishii, and Ritesh Gupta who lead Rubrik’s businesses in Australia and New Zealand, Japan, and India, respectively. 

Mr Le Tard’s appointment follows Rubrik’s strong global momentum including recently surpassing $400m in subscription annual recurring revenue (ARR), accelerating customer count to more than 4,500, and the appointments of former CIA chief information security officer (CISO), Michael Mestrovich, as Rubrik’s new CISO, and former director of the US Cyber Security and Infrastructure Agency, Chris Krebs, as chair of Rubrik’s CISO Advisory Board.   

Rubrik pioneered its trademarked Zero Trust Data Security to help organisations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, and SaaS applications.

www.rubrik.com

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Aust Govt looks to assist human rights of women and girls across the Pacific

THE Joint Standing Committee on Foreign Affairs, Defence and Trade of the Australian Government presented a critical report on the human rights of women and girls in the Pacific to the Parliament in late 2020. A total of 14 substatial recommendations were made in the report.

A key theme of the inquiry was that the underlying issues were interconnected and touched on all areas of society. Work to progress gender equality issues cannot be relegated to a small number of targeted areas, the report affirmed.

"The committee acknowledges the considerable efforts of national governments in the Pacific nations," Chair of the Human Rights Sub-committee, Kevin Andrews MP said.

"Our recommendations seek to build on the strength of their efforts and to propose means whereby Australia can further assist local efforts," Mr Andrews said. 

Another clear theme of the inquiry was support for local leadership, design and delivery of programs. Local faith-based groups, local none-government organisations (NGOs), and local leaders were best placed to build and establish the institutions and infrastructure that lead to ongoing and sustained change, the report said.

 

"Women and girls are continuing to shape their societies for the better," Mr Andrews said.

"We trust that our recommendations will encourage their continuing commitment to supporting peaceful, resilient and happy communities throughout the Pacific."

Further details about the about the inquiry can be obtained from the committee’s website. A list of recommendations were made:

List of recommendations – Human Rights of Women and Girls in the Pacific

  1. The committee recommends that all support provided by the Australian Government to any organisation or bodies undertaking disaster management planning and response work include women representatives.
  2. To ensure that an understanding of women’s needs in local areas are taken into account, the committee recommends that the Australian Government works with Pacific governments to build the capacity of local organisations in the Pacific to respond to natural disasters and ensure Pacific women are included in the delivery and evaluations of programs.
  3. The committee recommends that the Australian Government works with Pacific governments to provide support for projects mapping the vulnerabilities experienced by women and girls in the region during disasters.
  4. The committee recommends that the Australian Government work with the tertiary education sector to maintain networks with alumni from Pacific island countries who have studied in Australia, including women and girls.
  5. The committee recommends that the Australian Government continue to focus diplomatic efforts on the implementation of treaties and other legislation aimed at improving the quality of life for women and girls, including political representation and involvement in decision-making.
  6. The committee recommends that the Australian Government continue to work with Pacific governments on public sector capacity-building work.
  7. The committee recommends that the Australian Government publish an assessment of the progress on building the capacity of local organisations in the Pacific to advance the rights of women and girls. This should include data about what proportion of funding is provided to local organisations directly, and/or through intermediaries.
  8. The committee recommends that the Australian Government work with Pacific governments to provide support for the secondary and tertiary education sector within Pacific island countries, including infrastructure for education institutions.
  9. The committee recommends that the Australian Government extends the role of the multi-role vessel to include working in partnership with civil society to support the Pacific Islands.
  10. The committee recommends that the Australian Government consider long-term funding cycles for official development assistance to be at least five-years.
  11. The committee recommends the Australian Government extend its current five-year commitment to the Pacific Women Lead program to allow for funding cycles of this duration to be provided and to include a target for its gender expenditure.
  12. The committee recommends that the Australian Government commit to continuing to undertake and publish strategic, thematic evaluations focusing on substantive human rights issues affecting women and girls. This should allow evaluations of the full range of official development assistance, and extend evaluations beyond those focused only at the investment or program-level.
  13. The committee recommends that the Australian Government improve monitoring, evaluation and reporting of development assistance programs to ensure transparency and easy access to data, especially including reporting on funding for gender equality and women’s empowerment activities in the Pacific.
  14. The committee recommends that the Australian Government, on an annual basis, publish data on the disbursements made to organisations for the purpose of gender equality initiatives. This should list the organisations receiving disbursements.

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Finder buys GoBear to help forage Asia

By Leon Gettler >>

LITTLE ATTENTION has been placed on Finder, a fintech company headquartered in Australia, announcing that it had acquired South East Asia-focused brand GoBear as part of its global expansion. The acquisition was for an undisclosed sum.

Based in Singapore, GoBear has operated as a comparison site for insurance, credit cards, and loans. In January, however, it announced it was ceasing operations because of the challenges of COVID-19.

Enter Finder, which compares more than 200 different verticals ranging from personal finance products such as credit cards, home loans and savings accounts to online shopping, cryptocurrency, share trading and much more.

Finder operates in 80 markets, with offices in Australia, the US, the UK, Poland, the Philippines and Canada, and a lot of its categories are global in nature.

FINDER FINDS ITS WAY ACROSS ASIA

Finder co-founder and global CEO Frank Restuccia said it was a natural fit for Finder and was perfect for expanding its market into South East Asia. Go Bear operates out of Singapore, Hong Kong, Thailand, Vietnam, Malaysia and the Philippines and its main office is in Singapore.

He said the two had such similar business modes and he felt a “real alignment” with the brand.

“I knew that the customers that were using Go Bear would be very aligned to what our new service will be in that region for them so that was really the main attraction for me,” Mr Restuccia told Talking Business.

He said many of Go Bear’s clients were “unbanked” and he saw it as a great opportunity for Finder.

The other great opportunity was that all Go Bear’s were using mobile devices and Finder had recently developed an app.

“I see a great opportunity for those customers in the region to benefit from the Finder app in their mobile device so we are bringing that service straight into their mobile. That’s a massive motivation for this acquisition,” Mr Restuccia said.

MOVING INTO CRYPTO

Finder has now moved into cryptocurrency as a growth market. 

“It’s changing the world of finance so rapidly that we would be remiss not to keep on top of it,” Mr Restuccia said.

Back in 2016, Finder built a brand called HiveEx which was an over-the-counter brokerage which helped people trade in cryptocurrencies. While that was subsequently sold, Finder retained the knowledge and insights from that experience and is now looking to expand again into that space.

“A lot of consumers out there don’t fully understand cryptocurrencies, but they want to put some of their wealth into purchasing Bitcoin and Ethereum,” he said.

“It actually creates a new world of possibilities for participants, for consumers, to try and do things differently, to use technologies like blockchain to make things more accurate and to make things more transparent and to break down some of those walls and legacies that exist in the banking world.

“We are at the cusp of major change.”

Finder launched in 2006 so it is celebrating its 15th anniversary.in July.

“We feel like we are starting,” Mr Restuccia said. “We are building this brand and service to live beyond our lifetime. That’s the motivation for me.

“I want my children and their children to be able to experience the service and get that utility and satisfaction of being able to get some advice, use some of the tools that we provide and make some amazing decisions that are going to transform and help them live their life,” he said.

“So 15 years may seem like a long time, to me it’s just the beginning. It may sound odd to say this but we are gearing up for a 1000 year old company.”

www.finder.com.au 

www.leongettler.com

Hear the complete interview and catch up with other topical business news on Leon Gettler’s Talking Business podcast, released every Friday at www.acast.com/talkingbusiness

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Treaties Committee supports three important treaty actions

 THE Joint Standing Committee on Treaties has tabled Report 195, concerning three treaty actions: a film co-production agreement with Malaysia, revisions to the Radio Regulations which regulate radio spectrum and satellite orbits, and a new tax information exchange agreement with Timor-Leste.

“The Malaysian Government is a strong supporter of the Malaysian film industry and Malaysian films attract a large audience in South East Asia,” said committee chair Mr Dave Sharma MP.

Australia’s film co-production agreement with Malaysia would make it easier for Australian film makers to develop co-productions with Malaysian film makers and encourage closer cultural ties between Australia and Malaysia.  

The revisions to the Radio Regulations make a number of improvements to the management of the radio spectrum and satellite orbits, which are used to support everything from mobile phones to satellite communications. 

The improvements include providing greater bandwidth to support 5G mobile broadband services, enhanced connectivity on aeroplanes and ships, and expanded Global Maritime Distress and Safety System satellite services.

The new tax information exchange agreement with Timor-Leste allows the two countries to exchange information for the purpose of administering taxes associated with the Timor Sea Maritime Boundaries Treaty.

“Treaties don’t have to be spectacular to be important,” Mr Sharma said. "These treaties improve our international relationships, make our lives safer and more productive, and bring us closer together.”

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HKTB welcomes agreement to relaunch bilateral Hong Kong-Singapore Air Travel Bubble

HONG KONG Tourism Board (HKTB) chairman, YK Pang has welcomed the agreement between the governments of the Hong Kong Special Administrative Region (SAR) and Singapore on relaunching the bilateral Hong Kong-Singapore Air Travel Bubble (ATB).

Dr Pang said, “Relaunching the Air Travel Bubble with Singapore is the first step in Hong Kong’s resumption of international travel, and a milestone for preparing the city for gradually welcoming more visitors back. 

"We expect that travellers at the early stage of the launch of the ATB are those who travel for family visits or other essential reasons, and leisure travellers will return successively.”

Meanwhile, the HKTB will continue to work with the tourism-related sectors in enhancing Hong Kong overall anti-epidemic measures in the city, including a standardised hygiene protocol launched last year for hotels, restaurants, transportation, shopping malls, tour operators and other tourism-related sectors, establishing a healthy and safe tourism image for Hong Kong.

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