Marcus & Millichap’s IPA Capital Markets Announces Strategic Hire of Industry Veteran in Dallas




Marcus & Millichap’s IPA Capital Markets Announces Strategic Hire of Industry Veteran in Dallas

DALLAS–(BUSINESS WIRE)–$k #apartmentmentinvestments–IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients, announced today the hiring of Harry Krieger as a managing director, responsible for placing debt for institutional clients.

Based in Dallas, Krieger will be part of the firm’s Los Angeles-based IPA Capital Markets team led by executive managing director Brian Eisendrath and senior managing director Cameron Chalfant. He will collaborate with the firm’s Texas-based, market-leading IPA multifamily investment sales team led by Drew Kile and Will Balthrope to provide clients with capital markets services.

“We are excited to expand our team with the addition of Harry Krieger,” said Eisendrath. “Harry’s deep market knowledge and strong client relationships will help us continue to provide white glove service. Through our L.A. team’s collaboration with the Texas IPA investment sales team, we have financed over $850 million across 20 transactions in Texas during the past year. With the addition of Harry, we plan to significantly grow this figure.”

Krieger joins the firm from CBRE, where he spent nearly 11 years originating and placing debt for institutional clients, including some of the top pension fund and private equity fund investors in the country.

IPA Capital Markets acquired Eisendrath Finance Group Inc. in January 2022 and since then, the team has financed over 150 transactions valued at more than $5 billion. The team works closely with Strategic Alliance partner, M&T Realty Capital Corporation and has strong relationships with agencies, insurance companies, debt funds, banks and private equity funds.

“Harry’s specialized expertise in multifamily provides our IPA investment sales team with an additional local resource to serve institutional and high net worth clients,” said Evan Denner, executive vice president and head of business for the firm’s capital markets business. “His deep knowledge and capital relationships position us to continue providing outstanding value to our institutional clients.”

About IPA Capital Markets

IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity. For more information, please visit institutionalpropertyadvisors.com/capital-markets.

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.

Contacts

Gina Relva, VP Public Relations

gina.relva@marcusmillichap.com

Marcus & Millichap’s IPA Capital Markets Announces Strategic Hire of Industry Veteran in Dallas




Marcus & Millichap’s IPA Capital Markets Announces Strategic Hire of Industry Veteran in Dallas

DALLAS–(BUSINESS WIRE)–$k #apartmentmentinvestments–IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients, announced today the hiring of Harry Krieger as a managing director, responsible for placing debt for institutional clients.

Based in Dallas, Krieger will be part of the firm’s Los Angeles-based IPA Capital Markets team led by executive managing director Brian Eisendrath and senior managing director Cameron Chalfant. He will collaborate with the firm’s Texas-based, market-leading IPA multifamily investment sales team led by Drew Kile and Will Balthrope to provide clients with capital markets services.

“We are excited to expand our team with the addition of Harry Krieger,” said Eisendrath. “Harry’s deep market knowledge and strong client relationships will help us continue to provide white glove service. Through our L.A. team’s collaboration with the Texas IPA investment sales team, we have financed over $850 million across 20 transactions in Texas during the past year. With the addition of Harry, we plan to significantly grow this figure.”

Krieger joins the firm from CBRE, where he spent nearly 11 years originating and placing debt for institutional clients, including some of the top pension fund and private equity fund investors in the country.

IPA Capital Markets acquired Eisendrath Finance Group Inc. in January 2022 and since then, the team has financed over 150 transactions valued at more than $5 billion. The team works closely with Strategic Alliance partner, M&T Realty Capital Corporation and has strong relationships with agencies, insurance companies, debt funds, banks and private equity funds.

“Harry’s specialized expertise in multifamily provides our IPA investment sales team with an additional local resource to serve institutional and high net worth clients,” said Evan Denner, executive vice president and head of business for the firm’s capital markets business. “His deep knowledge and capital relationships position us to continue providing outstanding value to our institutional clients.”

About IPA Capital Markets

IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity. For more information, please visit institutionalpropertyadvisors.com/capital-markets.

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.

Contacts

Gina Relva, VP Public Relations

gina.relva@marcusmillichap.com

Zilch Surges to Profitability, Surpasses $130M in Revenue, and Welcomes Mark Wilson to the Board




Zilch Surges to Profitability, Surpasses $130M in Revenue, and Welcomes Mark Wilson to the Board

• Zilch turns profitable within just four years post-launch.
• CEO announces $130m (£100m) annual revenue run rate — 100% YoY growth.
• Mark Wilson, former CEO of Aviva and AIA and current BlackRock Board member, joins Zilch’s Board.
• Rapid revenue growth beats average UK and US tech industry growth by over 10 years.

LONDON–(BUSINESS WIRE)–Zilch, the world’s first ad-subsidised payments network (ASPN), today announced its first month of operating profit while surpassing a revenue run rate of more than $130m (£100m). The business has reached these milestones within just four years of launching its groundbreaking consumer payment platform. Zilch also announced the appointment to its Board of Mark Wilson, former CEO of Aviva and AIA and current member of BlackRock’s Board of Directors.

Zilch achieved both operating profit and surpassed $130 million revenue run rate in July 2024. The speed at which Zilch has achieved profitability places it in the same bracket as European fintech giants such as Revolut, Starling Bank, and Monzo. All four companies also reported revenues in excess of $130 million within three to five years¹, with Zilch almost doubling revenues in the year to March 2024. By comparison, industry data shows that it takes the average tech company 8-10 years in the US to break through the $100m revenue ceiling, 15 years in Europe and 17 years in the UK.²

Philip Belamant, CEO and co-founder of Zilch, said: “This milestone fundamentally changes the game for us. Profitability is something that a lot of fast-growing businesses are struggling to achieve, and I am hugely proud of the team for reaching this mark, ahead of plan. While many have cut their way to profit, we’ve doubled our revenue year on year, expanded our team, saved our 4 million customers over half a billion dollars in fees and interest costs, and generated over $3 billion in new sales for merchant partners through our ad-subsidised payments network.”

“In a market saturated with competition, we’ve distinguished Zilch from inception by owning the customer relationship, pioneering regulation, and generating real credit profiles, savings, and value for customers where others haven’t. We’re hugely optimistic about the future, all the while recognising that this is our day 1 and it’s all ahead of us.”

Zilch is leveraging AI to unlock the full potential of four years of first-party consumer data and drive even more precise, personalised offerings. A deep understanding of users’ needs allows Zilch to convert sales better than any online platform to date – converting sales for advertisers up to 10-20 times more effectively than traditional search and social platforms.

As a result, customers now open their Zilch app daily, which creates unrivalled engagement and conversion – all of which continues to drive major merchants to switch their ad budgets to Zilch’s ad-subsidised payments network, in turn fuelling better deals, discounts, and subsidies for customers. Zilch’s remarkable performance accelerates the fintech’s momentum as the business eyes even greater milestones in 2025.

Commenting on his new appointment to the Board of Zilch, Mark Wilson, said: “I am excited to join Zilch at this critical juncture. Under Philip’s visionary leadership, Zilch is transforming consumer finance with an innovative and responsible approach that lowers customer finance costs and fills a fast-growing need in society. I look forward to working alongside the Board to further help Zilch steer its path toward sustainable success as a category leader.”

Chairman of Zilch, Serge Belamant, remarked: “As Zilch’s Chair, I am delighted Mark has made this commitment as the value he will add will complement the expertise we currently have and help guide the company in its mission to provide affordable credit and rewarding debit for all as part of its financial inclusion vision. Mark’s deep expertise running global financial businesses will be a tremendous asset as Zilch continues its rapid trajectory, profitable growth, and market expansion.”

Background and notes.

Today’s announcement follows the launch of the company’s second longer-duration zero-interest ‘Pay over 3 Months’ credit payment product; the creation of the Unicorn Council for UK FinTech, where Philip Belamant acts as founding co-chair; the selection of Checkout.com as Zilch’s primary acquiring partner globally; the extension of Zilch’s collaboration with Amazon Web Services to accelerate the rollout of its AI innovation; surpassing the milestone of 4 million registered customers; and raising $125 million in a securitised debt financing arranged by Deutsche Bank.

1. Zilch, Revolut, Starling Bank, and Monzo all reported either run-rate or full-year revenues in excess of £100 million within three to five years of launch and achieved profitability between two and eight years post-launch. Revolut launched its service in July 2015, achieved full-year revenues of £162.7m year-ending December 2019, up from £58.2m the previous year (ARR not publicly disclosed) and reported its first monthly operating profit for December 2017. Starling Bank launched its service in May 2017, achieved annualised run rate revenue of £108m by October 2020 and reported its first monthly operating profit for October 2020. Monzo launched its service in October 2015, achieved annual run rate revenue of £105m+ by December 2020 and reported its first monthly operating profit for January 2023.

2. Bessemer Ventures, Boardwave.org

About Zilch

Zilch’s vision is to eliminate the high cost of consumer credit. For good.

Zilch is a multi-award-winning pioneer of the world’s first direct-to-consumer, ad-subsidised payments network (ASPN). Leveraging its unique, vertically integrated, first-party-data business model, Zilch sets itself apart from the incumbent fintech industry with a profitable global revenue source, bringing unrivalled value to customers and marketers alike. Today Zilch is revolutionising the $50 trillion advertising and payments industries by merging the very best of debit, credit, and savings.

Co-founded by Philip Belamant, Sean O’Connor, and Serge Belamant, Zilch provides millions of customers the freedom to go anywhere in the world (online or offline) and, when they pay, earn up to 5% cashback & rewards on debit payments (‘Pay Now’) or spread interest-free credit repayments over six weeks or three months. In the process, Zilch helps customers build their credit profiles with the major credit agencies. Within 44 months of launch in 2020, Zilch amassed more than 4 million registered customers.

In September 2024, four years after its public launch, Zilch announced that in July 2024 it had achieved first-month profitability in record time while surpassing $130 million of revenue run rate, keeping pace with European fintech giants like Revolut, Starling Bank, and Monzo.

In 2023, Zilch launched its proprietary ASPN service, which allows merchants worldwide instant connection with Zilch’s first-party-data, closed-loop network of millions of high-intent customers, while offering customers personalised savings, deals, and discounts codified to their habitual daily spend.

In January 2023, Zilch struck a ground-breaking reporting agreement with the UK’s prime credit reference agencies, transforming the UK lending ecosystem by enabling all adults to build their credit records using interest-free credit rather than high-cost revolving credit products.

Since April 2020, Zilch has been regulated by the Financial Conduct Authority (FCA), obtaining a consumer credit licence through the Regulatory Sandbox Programme.

Driven by innovation and a commitment to excellence, Zilch is setting new benchmarks in the industry to create a more inclusive and efficient ecosystem, empowering millions of users to budget and manage their financial lives more effectively and transparently.

For more information, visit: www.zilch.com.

Contacts

Zilch – Ryan Mendy | Chief Communications Officer | Comms@zilch.com
For any Press & Media enquiries, please contact: zilch@hawthornadvisors.com

Zilch Surges to Profitability, Surpasses $130M in Revenue, and Welcomes Mark Wilson to the Board




Zilch Surges to Profitability, Surpasses $130M in Revenue, and Welcomes Mark Wilson to the Board

• Zilch turns profitable within just four years post-launch.
• CEO announces $130m (£100m) annual revenue run rate — 100% YoY growth.
• Mark Wilson, former CEO of Aviva and AIA and current BlackRock Board member, joins Zilch’s Board.
• Rapid revenue growth beats average UK and US tech industry growth by over 10 years.

LONDON–(BUSINESS WIRE)–Zilch, the world’s first ad-subsidised payments network (ASPN), today announced its first month of operating profit while surpassing a revenue run rate of more than $130m (£100m). The business has reached these milestones within just four years of launching its groundbreaking consumer payment platform. Zilch also announced the appointment to its Board of Mark Wilson, former CEO of Aviva and AIA and current member of BlackRock’s Board of Directors.

Zilch achieved both operating profit and surpassed $130 million revenue run rate in July 2024. The speed at which Zilch has achieved profitability places it in the same bracket as European fintech giants such as Revolut, Starling Bank, and Monzo. All four companies also reported revenues in excess of $130 million within three to five years¹, with Zilch almost doubling revenues in the year to March 2024. By comparison, industry data shows that it takes the average tech company 8-10 years in the US to break through the $100m revenue ceiling, 15 years in Europe and 17 years in the UK.²

Philip Belamant, CEO and co-founder of Zilch, said: “This milestone fundamentally changes the game for us. Profitability is something that a lot of fast-growing businesses are struggling to achieve, and I am hugely proud of the team for reaching this mark, ahead of plan. While many have cut their way to profit, we’ve doubled our revenue year on year, expanded our team, saved our 4 million customers over half a billion dollars in fees and interest costs, and generated over $3 billion in new sales for merchant partners through our ad-subsidised payments network.”

“In a market saturated with competition, we’ve distinguished Zilch from inception by owning the customer relationship, pioneering regulation, and generating real credit profiles, savings, and value for customers where others haven’t. We’re hugely optimistic about the future, all the while recognising that this is our day 1 and it’s all ahead of us.”

Zilch is leveraging AI to unlock the full potential of four years of first-party consumer data and drive even more precise, personalised offerings. A deep understanding of users’ needs allows Zilch to convert sales better than any online platform to date – converting sales for advertisers up to 10-20 times more effectively than traditional search and social platforms.

As a result, customers now open their Zilch app daily, which creates unrivalled engagement and conversion – all of which continues to drive major merchants to switch their ad budgets to Zilch’s ad-subsidised payments network, in turn fuelling better deals, discounts, and subsidies for customers. Zilch’s remarkable performance accelerates the fintech’s momentum as the business eyes even greater milestones in 2025.

Commenting on his new appointment to the Board of Zilch, Mark Wilson, said: “I am excited to join Zilch at this critical juncture. Under Philip’s visionary leadership, Zilch is transforming consumer finance with an innovative and responsible approach that lowers customer finance costs and fills a fast-growing need in society. I look forward to working alongside the Board to further help Zilch steer its path toward sustainable success as a category leader.”

Chairman of Zilch, Serge Belamant, remarked: “As Zilch’s Chair, I am delighted Mark has made this commitment as the value he will add will complement the expertise we currently have and help guide the company in its mission to provide affordable credit and rewarding debit for all as part of its financial inclusion vision. Mark’s deep expertise running global financial businesses will be a tremendous asset as Zilch continues its rapid trajectory, profitable growth, and market expansion.”

Background and notes.

Today’s announcement follows the launch of the company’s second longer-duration zero-interest ‘Pay over 3 Months’ credit payment product; the creation of the Unicorn Council for UK FinTech, where Philip Belamant acts as founding co-chair; the selection of Checkout.com as Zilch’s primary acquiring partner globally; the extension of Zilch’s collaboration with Amazon Web Services to accelerate the rollout of its AI innovation; surpassing the milestone of 4 million registered customers; and raising $125 million in a securitised debt financing arranged by Deutsche Bank.

1. Zilch, Revolut, Starling Bank, and Monzo all reported either run-rate or full-year revenues in excess of £100 million within three to five years of launch and achieved profitability between two and eight years post-launch. Revolut launched its service in July 2015, achieved full-year revenues of £162.7m year-ending December 2019, up from £58.2m the previous year (ARR not publicly disclosed) and reported its first monthly operating profit for December 2017. Starling Bank launched its service in May 2017, achieved annualised run rate revenue of £108m by October 2020 and reported its first monthly operating profit for October 2020. Monzo launched its service in October 2015, achieved annual run rate revenue of £105m+ by December 2020 and reported its first monthly operating profit for January 2023.

2. Bessemer Ventures, Boardwave.org

About Zilch

Zilch’s vision is to eliminate the high cost of consumer credit. For good.

Zilch is a multi-award-winning pioneer of the world’s first direct-to-consumer, ad-subsidised payments network (ASPN). Leveraging its unique, vertically integrated, first-party-data business model, Zilch sets itself apart from the incumbent fintech industry with a profitable global revenue source, bringing unrivalled value to customers and marketers alike. Today Zilch is revolutionising the $50 trillion advertising and payments industries by merging the very best of debit, credit, and savings.

Co-founded by Philip Belamant, Sean O’Connor, and Serge Belamant, Zilch provides millions of customers the freedom to go anywhere in the world (online or offline) and, when they pay, earn up to 5% cashback & rewards on debit payments (‘Pay Now’) or spread interest-free credit repayments over six weeks or three months. In the process, Zilch helps customers build their credit profiles with the major credit agencies. Within 44 months of launch in 2020, Zilch amassed more than 4 million registered customers.

In September 2024, four years after its public launch, Zilch announced that in July 2024 it had achieved first-month profitability in record time while surpassing $130 million of revenue run rate, keeping pace with European fintech giants like Revolut, Starling Bank, and Monzo.

In 2023, Zilch launched its proprietary ASPN service, which allows merchants worldwide instant connection with Zilch’s first-party-data, closed-loop network of millions of high-intent customers, while offering customers personalised savings, deals, and discounts codified to their habitual daily spend.

In January 2023, Zilch struck a ground-breaking reporting agreement with the UK’s prime credit reference agencies, transforming the UK lending ecosystem by enabling all adults to build their credit records using interest-free credit rather than high-cost revolving credit products.

Since April 2020, Zilch has been regulated by the Financial Conduct Authority (FCA), obtaining a consumer credit licence through the Regulatory Sandbox Programme.

Driven by innovation and a commitment to excellence, Zilch is setting new benchmarks in the industry to create a more inclusive and efficient ecosystem, empowering millions of users to budget and manage their financial lives more effectively and transparently.

For more information, visit: www.zilch.com.

Contacts

Zilch – Ryan Mendy | Chief Communications Officer | Comms@zilch.com
For any Press & Media enquiries, please contact: zilch@hawthornadvisors.com

Digicel Pacific Taps SES’s Services to Bolster Disaster Recovery for Tonga Islands




Digicel Pacific Taps SES’s Services to Bolster Disaster Recovery for Tonga Islands

Digicel Pacific uses O3b mPOWER, SES’s medium earth orbit constellation, to enable it to restore critical communications quickly in the event of natural disasters

LUXEMBOURG–(BUSINESS WIRE)–Amidst the increase in natural disasters in the Pacific Region, Digicel Pacific and SES have announced an agreement to bolster Digicel Pacific’s network with SES’s service to enable critical communications to be restored quickly in the event of natural disasters. This agreement is an extension of the companies’ long-standing partnership.

Following the earthquake that hit Tonga in August 26th, Tonga Domestic Cable Extension (TDCE), the island nation’s only domestic subsea cable connection, was damaged. Through SES’s satellite service, Digicel Pacific was able to restore inter-island voice, SMS, and data services on the islands of Vava’u within 6 hours.

Digicel Pacific Regional HUB Markets CEO, Shally Jannif said, “The expanded agreement with SES and the use of its O3b mPOWER network will give the nation of Tonga greater peace of mind that in the event of a significant disaster, we will have the ability to access a large amount of low-latency, high-throughput connectivity. Being able to implement disaster recovery networks quickly after the recent earthquake enabled people to get back online and assure their loved ones of their safety. At the same time, it also enabled local business to get their operations back up quickly, minimising the potential disruption to their businesses.”

John Turnbull, Director, Sales, Enterprise & Cloud, Pacific at SES said, “When natural disasters occur, it is of upmost importance to restore communications in a matter of hours. This extended collaboration using SES’s service will enable Digicel Pacific to provide enhanced resilience with large bandwidth and low-latency connectivity flexibly and quickly.”

Follow us on:

Twitter | Facebook | YouTube | LinkedIn | Instagram

Read our Blogs >
Visit the Media Gallery >

About Digicel Pacific

Digicel Pacific is a leading provider of telecommunications and entertainment services, offering a wide range of products and services to individuals and businesses.

At Digicel Pacific, we’re bringing the future into the present, enriching the digital lives of every customer we serve. Our people are a direct reflection of our commitment to being the very best in delivering digital services, experiences and connectivity to our six markets in the South Pacific.

About SES

SES has a bold vision to deliver amazing experiences everywhere on Earth by distributing the highest quality video content and providing seamless data connectivity services around the world. As a provider of global content and connectivity solutions, SES owns and operates a geosynchronous orbit fleet and medium earth orbit (GEO-MEO) constellation of satellites, offering a combination of global coverage and high performance services. By using its intelligent, cloud-enabled network, SES delivers high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners around the world. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.

Contacts

Suzanne Ong

Communications

Tel. +352 710 725 500

suzanne.ong@ses.com

Digicel Pacific Taps SES’s Services to Bolster Disaster Recovery for Tonga Islands




Digicel Pacific Taps SES’s Services to Bolster Disaster Recovery for Tonga Islands

Digicel Pacific uses O3b mPOWER, SES’s medium earth orbit constellation, to enable it to restore critical communications quickly in the event of natural disasters

LUXEMBOURG–(BUSINESS WIRE)–Amidst the increase in natural disasters in the Pacific Region, Digicel Pacific and SES have announced an agreement to bolster Digicel Pacific’s network with SES’s service to enable critical communications to be restored quickly in the event of natural disasters. This agreement is an extension of the companies’ long-standing partnership.

Following the earthquake that hit Tonga in August 26th, Tonga Domestic Cable Extension (TDCE), the island nation’s only domestic subsea cable connection, was damaged. Through SES’s satellite service, Digicel Pacific was able to restore inter-island voice, SMS, and data services on the islands of Vava’u within 6 hours.

Digicel Pacific Regional HUB Markets CEO, Shally Jannif said, “The expanded agreement with SES and the use of its O3b mPOWER network will give the nation of Tonga greater peace of mind that in the event of a significant disaster, we will have the ability to access a large amount of low-latency, high-throughput connectivity. Being able to implement disaster recovery networks quickly after the recent earthquake enabled people to get back online and assure their loved ones of their safety. At the same time, it also enabled local business to get their operations back up quickly, minimising the potential disruption to their businesses.”

John Turnbull, Director, Sales, Enterprise & Cloud, Pacific at SES said, “When natural disasters occur, it is of upmost importance to restore communications in a matter of hours. This extended collaboration using SES’s service will enable Digicel Pacific to provide enhanced resilience with large bandwidth and low-latency connectivity flexibly and quickly.”

Follow us on:

Twitter | Facebook | YouTube | LinkedIn | Instagram

Read our Blogs >
Visit the Media Gallery >

About Digicel Pacific

Digicel Pacific is a leading provider of telecommunications and entertainment services, offering a wide range of products and services to individuals and businesses.

At Digicel Pacific, we’re bringing the future into the present, enriching the digital lives of every customer we serve. Our people are a direct reflection of our commitment to being the very best in delivering digital services, experiences and connectivity to our six markets in the South Pacific.

About SES

SES has a bold vision to deliver amazing experiences everywhere on Earth by distributing the highest quality video content and providing seamless data connectivity services around the world. As a provider of global content and connectivity solutions, SES owns and operates a geosynchronous orbit fleet and medium earth orbit (GEO-MEO) constellation of satellites, offering a combination of global coverage and high performance services. By using its intelligent, cloud-enabled network, SES delivers high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners around the world. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.

Contacts

Suzanne Ong

Communications

Tel. +352 710 725 500

suzanne.ong@ses.com

Yonsei University Joins Ripple’s UBRI to Drive Innovation in Blockchain Research




Yonsei University Joins Ripple’s UBRI to Drive Innovation in Blockchain Research

Partnership with one of South Korea’s most prestigious academic institutions is Ripple’s 58th UBRI partnership globally and 12th within Asia Pacific

SEOUL, South Korea–(BUSINESS WIRE)–Ripple, the leading provider of digital asset infrastructure, announced today that Yonsei University in South Korea is the latest partner to join its University Blockchain Research Initiative (UBRI) program. This new partnership with one of South Korea’s most prestigious academic institutions marks Ripple’s 58th UBRI partnership globally, and its 12th within the Asia Pacific region.

UBRI aims to drive global adoption and interoperability of digital assets through strategic support, technical resources, and funding grants. The program’s global impact is supported by over $60 million in funding from Ripple since its launch in 2018.

Through a multi-year partnership, Yonsei University will spearhead innovative blockchain research across various disciplines that are shaping the future of blockchain technology such as artificial intelligence and finance, information systems, and management.

The grant will also aid in facilitating hackathons and fund the launch of an XRP Ledger (XRPL) validator at Yonsei University. An XRPL validator evaluates transaction proposals from a specific set of trusted validators called a Unique Node List (UNL), augmenting the network’s security and decentralization. This initiative not only enhances Yonsei University’s blockchain research capabilities, but also provides practical learning opportunities for faculty and students, while reinforcing the credibility and neutrality of the XRPL by having another respected academic institution in the validator network.

“Yonsei University is at the forefront of academic excellence in South Korea, and we are thrilled to welcome them as our latest UBRI partner,” said Eric van Miltenburg, Senior Vice President of Strategic Initiatives at Ripple. “By supporting their innovative research and educational initiatives, we are not only advancing the field of blockchain in South Korea, but also empowering the next generation of leaders and innovators in this space.”

“We are excited to be the latest partner to receive a grant through Ripple’s UBRI program, allowing us to further explore cutting-edge research areas and foster a deeper understanding of blockchain’s impact on the finance and management industries,” said Jun Kyung Auh, Associate Professor of Finance and Artificial intelligence at Yonsei University. “I’m confident that our students and faculty will benefit immensely from the opportunities to work on real-world challenges and contribute to the global blockchain ecosystem through this partnership.”

Yonsei University will join existing partners in Asia Pacific including Korea University, which has been part of the UBRI program since the program’s inception in 2018, and recently renewed its multi-year commitment to advancing blockchain education with UBRI. Korea University also runs an active XRPL validator on campus and has allocated a portion of its funds to other blockchain projects in the region, including Professor Hyunok Oh of Hanyang University’s work in the Security and Privacy Lab to pioneer research in Zero-Knowledge Proofs (ZKPs) and their practical applications.

This partnership with Yonsei University underscores Ripple’s commitment to fostering blockchain innovation and education worldwide, and further strengthens the company’s presence in the Asia Pacific region. This commitment was made even more apparent in June this year when Ripple announced the launch of the XRP Ledger Japan and Korea Fund, dedicated to supporting innovation on the XRPL in the dynamic Japanese and Korean markets through a range of robust initiatives including corporate partnerships, developer grants, startup investments and community growth activities.

About Ripple

Ripple is the leading provider of digital asset infrastructure for financial institutions—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple’s solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record working with regulators and policymakers around the world, Ripple’s payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world creates, stores, manages and moves value.

About Yonsei University

Yonsei University, established in 1885, is a Christian private university located in Seoul, South Korea. It is recognized as a world-class institution for education and research and has steadily gained recognition in global academia, including being ranked 1st among Asian private universities in the QS World University Rankings 2025. With over 250,000 alumni, Yonsei University has produced open-minded and creative leaders who have significantly influenced both Korean and global society. Additionally, the university’s 175 research centers and institutes conduct world-class research aimed at solving global challenges through interdisciplinary and convergent research.

Contacts

Sheryl Tham

press@ripple.com

Yonsei University Joins Ripple’s UBRI to Drive Innovation in Blockchain Research




Yonsei University Joins Ripple’s UBRI to Drive Innovation in Blockchain Research

Partnership with one of South Korea’s most prestigious academic institutions is Ripple’s 58th UBRI partnership globally and 12th within Asia Pacific

SEOUL, South Korea–(BUSINESS WIRE)–Ripple, the leading provider of digital asset infrastructure, announced today that Yonsei University in South Korea is the latest partner to join its University Blockchain Research Initiative (UBRI) program. This new partnership with one of South Korea’s most prestigious academic institutions marks Ripple’s 58th UBRI partnership globally, and its 12th within the Asia Pacific region.

UBRI aims to drive global adoption and interoperability of digital assets through strategic support, technical resources, and funding grants. The program’s global impact is supported by over $60 million in funding from Ripple since its launch in 2018.

Through a multi-year partnership, Yonsei University will spearhead innovative blockchain research across various disciplines that are shaping the future of blockchain technology such as artificial intelligence and finance, information systems, and management.

The grant will also aid in facilitating hackathons and fund the launch of an XRP Ledger (XRPL) validator at Yonsei University. An XRPL validator evaluates transaction proposals from a specific set of trusted validators called a Unique Node List (UNL), augmenting the network’s security and decentralization. This initiative not only enhances Yonsei University’s blockchain research capabilities, but also provides practical learning opportunities for faculty and students, while reinforcing the credibility and neutrality of the XRPL by having another respected academic institution in the validator network.

“Yonsei University is at the forefront of academic excellence in South Korea, and we are thrilled to welcome them as our latest UBRI partner,” said Eric van Miltenburg, Senior Vice President of Strategic Initiatives at Ripple. “By supporting their innovative research and educational initiatives, we are not only advancing the field of blockchain in South Korea, but also empowering the next generation of leaders and innovators in this space.”

“We are excited to be the latest partner to receive a grant through Ripple’s UBRI program, allowing us to further explore cutting-edge research areas and foster a deeper understanding of blockchain’s impact on the finance and management industries,” said Jun Kyung Auh, Associate Professor of Finance and Artificial intelligence at Yonsei University. “I’m confident that our students and faculty will benefit immensely from the opportunities to work on real-world challenges and contribute to the global blockchain ecosystem through this partnership.”

Yonsei University will join existing partners in Asia Pacific including Korea University, which has been part of the UBRI program since the program’s inception in 2018, and recently renewed its multi-year commitment to advancing blockchain education with UBRI. Korea University also runs an active XRPL validator on campus and has allocated a portion of its funds to other blockchain projects in the region, including Professor Hyunok Oh of Hanyang University’s work in the Security and Privacy Lab to pioneer research in Zero-Knowledge Proofs (ZKPs) and their practical applications.

This partnership with Yonsei University underscores Ripple’s commitment to fostering blockchain innovation and education worldwide, and further strengthens the company’s presence in the Asia Pacific region. This commitment was made even more apparent in June this year when Ripple announced the launch of the XRP Ledger Japan and Korea Fund, dedicated to supporting innovation on the XRPL in the dynamic Japanese and Korean markets through a range of robust initiatives including corporate partnerships, developer grants, startup investments and community growth activities.

About Ripple

Ripple is the leading provider of digital asset infrastructure for financial institutions—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple’s solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record working with regulators and policymakers around the world, Ripple’s payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world creates, stores, manages and moves value.

About Yonsei University

Yonsei University, established in 1885, is a Christian private university located in Seoul, South Korea. It is recognized as a world-class institution for education and research and has steadily gained recognition in global academia, including being ranked 1st among Asian private universities in the QS World University Rankings 2025. With over 250,000 alumni, Yonsei University has produced open-minded and creative leaders who have significantly influenced both Korean and global society. Additionally, the university’s 175 research centers and institutes conduct world-class research aimed at solving global challenges through interdisciplinary and convergent research.

Contacts

Sheryl Tham

press@ripple.com

ICE Launches New Suite of Indices for Australian Residential Mortgage-Backed Securities Market




ICE Launches New Suite of Indices for Australian Residential Mortgage-Backed Securities Market

ATLANTA, NEW YORK, & SYDNEY–(BUSINESS WIRE)–Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today announced the launch of a suite of indices for the Australian residential mortgage-backed securities (RMBS) market.

These indices, which are administered by ICE Data Indices, LLC, are accessible in ICE’s Custom Index Tool, which provides a variety of ways to prototype and back test strategies for multiple use cases, including research, benchmark construction, designing new financial products such as ETFs or enabling services such as direct indexing.

This new suite of indices is designed to provide comprehensive and transparent benchmarks for tracking the performance of AUD-denominated residential mortgage-backed securities (RMBS). The new index family includes:

• ICE Australian RMBS Composite Index (ARMBS). Tracks the performance of RMBS.
• ICE AAA Australian RMBS Index (ARMBSAAA). Tracks the performance of RMBS rated AAA.
• ICE BBB and Lower Australian RMBS Index (ARMBLOW). Tracks the performance of RMBS rated BBB1 or lower.
• ICE AAA Prime Core Australian RMBS Index (ARMBSA3P). Tracks the performance of RMBS comprised solely of prime loans rated AAA.
• ICE AAA-AA Prime Australian RMBS Index (APRMBHI). Tracks the performance of RMBS comprised solely of prime loans rated AAA through AA3.

Each index is market cap weighted, accrues interest assuming next-day settlement, retains cash flows from bond payments until the end of the month, and is rebalanced on the last calendar day of the month.

“These indices provide a new set of benchmarking options for customers investing in the Australian residential MBS market,” said Varun Pawar, Chief Product Officer at ICE Data Services. “As we continue to expand our diverse set of indexing and benchmarking solutions, this launch represents a significant advancement in providing greater transparency and performance evaluation for markets globally.”

“Despite ongoing global economic uncertainty, the Australian residential MBS market has demonstrated impressive resilience and a promising outlook for growth and new issuance,” said Magnus Cattan, Head of APAC Client Development at ICE Data Services. “With the introduction of these new indices, we look forward to supporting our clients across the global fixed income ecosystem and enhancing their investment strategies.”

The Australian RMBS index family leverages ICE’s extensive experience in fixed income pricing and reference data, and the companies deep global product coverage. Our fixed income index offering includes over 6,000 standard indices tracking more than $100 trillion in debt spanning the global bond markets, with debt represented across 43 currencies.

For more information about ICE indices, visit https://www.ice.com/fixed-income-data-services/index-solutions/fixed-income-indices.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges — including the New York Stock Exchange — and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

ICE Data Indices, LLC (“IDI”), its affiliates and its third-party suppliers (collectively, “ICE Data and its Suppliers”) make no representations or warranties regarding the advisability of investing in securities generally, in any financial product or the ability of any index to track general market performance. Past performance of an index is not an indicator of or a guarantee of future results. For important information (including the methodologies), limitations, and disclaimers regarding the indices, please visit indices.ice.com.

Category: Fixed Income and Data Services

SOURCE: Intercontinental Exchange

ICE-CORP

Contacts

ICE Media Contact:

Isabella Bezzone

isabella.bezzone@ice.com
(212) 748-3948

media@ice.com

ICE Investor Contact:

Katia Gonzalez

katia.gonzalez@ice.com
(678) 981-3882

ICE Launches New Suite of Indices for Australian Residential Mortgage-Backed Securities Market




ICE Launches New Suite of Indices for Australian Residential Mortgage-Backed Securities Market

ATLANTA, NEW YORK, & SYDNEY–(BUSINESS WIRE)–Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today announced the launch of a suite of indices for the Australian residential mortgage-backed securities (RMBS) market.

These indices, which are administered by ICE Data Indices, LLC, are accessible in ICE’s Custom Index Tool, which provides a variety of ways to prototype and back test strategies for multiple use cases, including research, benchmark construction, designing new financial products such as ETFs or enabling services such as direct indexing.

This new suite of indices is designed to provide comprehensive and transparent benchmarks for tracking the performance of AUD-denominated residential mortgage-backed securities (RMBS). The new index family includes:

• ICE Australian RMBS Composite Index (ARMBS). Tracks the performance of RMBS.
• ICE AAA Australian RMBS Index (ARMBSAAA). Tracks the performance of RMBS rated AAA.
• ICE BBB and Lower Australian RMBS Index (ARMBLOW). Tracks the performance of RMBS rated BBB1 or lower.
• ICE AAA Prime Core Australian RMBS Index (ARMBSA3P). Tracks the performance of RMBS comprised solely of prime loans rated AAA.
• ICE AAA-AA Prime Australian RMBS Index (APRMBHI). Tracks the performance of RMBS comprised solely of prime loans rated AAA through AA3.

Each index is market cap weighted, accrues interest assuming next-day settlement, retains cash flows from bond payments until the end of the month, and is rebalanced on the last calendar day of the month.

“These indices provide a new set of benchmarking options for customers investing in the Australian residential MBS market,” said Varun Pawar, Chief Product Officer at ICE Data Services. “As we continue to expand our diverse set of indexing and benchmarking solutions, this launch represents a significant advancement in providing greater transparency and performance evaluation for markets globally.”

“Despite ongoing global economic uncertainty, the Australian residential MBS market has demonstrated impressive resilience and a promising outlook for growth and new issuance,” said Magnus Cattan, Head of APAC Client Development at ICE Data Services. “With the introduction of these new indices, we look forward to supporting our clients across the global fixed income ecosystem and enhancing their investment strategies.”

The Australian RMBS index family leverages ICE’s extensive experience in fixed income pricing and reference data, and the companies deep global product coverage. Our fixed income index offering includes over 6,000 standard indices tracking more than $100 trillion in debt spanning the global bond markets, with debt represented across 43 currencies.

For more information about ICE indices, visit https://www.ice.com/fixed-income-data-services/index-solutions/fixed-income-indices.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges — including the New York Stock Exchange — and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

ICE Data Indices, LLC (“IDI”), its affiliates and its third-party suppliers (collectively, “ICE Data and its Suppliers”) make no representations or warranties regarding the advisability of investing in securities generally, in any financial product or the ability of any index to track general market performance. Past performance of an index is not an indicator of or a guarantee of future results. For important information (including the methodologies), limitations, and disclaimers regarding the indices, please visit indices.ice.com.

Category: Fixed Income and Data Services

SOURCE: Intercontinental Exchange

ICE-CORP

Contacts

ICE Media Contact:

Isabella Bezzone

isabella.bezzone@ice.com
(212) 748-3948

media@ice.com

ICE Investor Contact:

Katia Gonzalez

katia.gonzalez@ice.com
(678) 981-3882