Connect with us

GTS and Mischler Financial Group Hold First Annual Fleet Week ‘Veterans in the Workplace’ Luncheon at the NYSE

Published

on

Reading Time: 3 minutes

GTS, the largest DMM at the NYSE, hosts luncheon in collaboration
with veteran-owned broker dealer Mischler Financial Group, in honor of
Fleet Week New York

Keynote speakers include veterans from the U.S. Army and Navy, as
well as U.S. Navy Rear Admiral

Luncheon will celebrate veterans in the workplace with attendees from
notable publicly traded companies

NEW YORK–(BUSINESS WIRE)–GTS,
a leading electronic market maker across global financial instruments
and the largest designated market maker at the New York Stock Exchange
(“NYSE”), in partnership with veteran-owned broker dealer Mischler
Financial Group
, will hold the first annual ‘Veterans in the
Workplace’ luncheon at the NYSE on May 21, 2019.

The luncheon will kick off the 31st annual Fleet Week New
York, which will take place from May 22-28. Attendees will include
veteran C-level executives and employees of publicly listed companies,
high-ranking military officials, and student veterans from local New
York colleges.

The event is being organized by Mark Otto, Global Markets Commentator
for GTS and U.S. Marine Corps combat veteran. Otto also serves as
Executive Director of the United War Veterans Council (“UWVC”), which is
the organization that produces the New York City Veterans Day Parade.

“I am thrilled to organize the first-ever ‘Veterans in the Workplace’
luncheon at the NYSE to kick off Fleet Week in New York,” Otto said.
“This event will be a great opportunity to honor both those who are
actively serving as well as veterans who, after serving our country,
have rejoined the workforce to serve our capital markets.”

The event will feature three keynote speakers:

  • Dean Chamberlain, CEO of Mischler Financial, West Point
    graduate and former U.S. Army Officer;
  • Rear Admiral John Mustin, Deputy Commander of the U.S. Second
    Fleet and Naval Surface Force Atlantic;
  • Jon Scholl, President of the Health Group at Leidos, U.S. Naval
    Academy graduate and 5-year U.S. Navy veteran; and
  • Diego Rubio, U.S. Army Veteran and Co-founder of Women Veterans
    on Wall Street (“wVOWS”)

“It is an honor to deliver a keynote address for a unique program that
includes fellow military veterans in the workforce,” Chamberlain said.
“As the CEO of the industry’s oldest service-disabled veteran-owned
business, it is always inspiring to work alongside corporations that
provide veterans with opportunities to leverage the skills acquired in
the course of their service and provide focused programs to help them
successfully transition to new careers.”

In addition to the keynote speakers, the luncheon will provide attendees
with a networking opportunity, and will highlight topics including
veteran-hiring retention and the different initiatives companies are
taking to help veterans.

Approximately forty C-level executives and employees from publicly
listed companies such as Wabash National (NSYE: WNC), DHI Group (NYSE:
DHX), Leidos (NYSE: LDOS) and Samsung will be in attendance.

Fleet Week is a weeklong celebration of the U.S. military’s sea services
and gives the citizens of New York the opportunity to meet and interact
with members of the U.S. Navy, U.S. Marine Corps and U.S. Coast Guard.
This year, the U.S. Navy expects about 2,600 Sailors, Marines and Coast
Guardsmen will be on hand.

About GTS

GTS is a global electronic market maker, powered by combining market
expertise with innovative, proprietary technology. As a quantitative
trading firm continually building for the future, GTS leverages the
latest in artificial intelligence systems and sophisticated pricing
models to bring consistency, efficiency, and transparency to today’s
financial markets. GTS accounts for 3-6% of daily cash equities volume
in the U.S. and trades over 10,000 different instruments globally. GTS
is the largest Designated Market Maker (DMM) at the New York Stock
Exchange, responsible for nearly $12.5 trillion of market capitalization.

For more information on GTS, please visit www.gtsx.com.

About Mischler Financial Group

Established in 1994, Mischler Financial Group (“Mischler”) is the
financial industry’s oldest diversity-certified investment bank and
institutional brokerage owned and operated by service-disabled veterans,
the firm was the first FINRA member to be designated as a
Service-Disabled-Veteran-Business Enterprise (SDVBE). Mischler is
recognized for its role as a leading capital markets boutique operating
across the primary and secondary financial market ecosystem. The firm
serves Fortune corporate treasurers in the course of their issuing new
debt and equity offerings and administering their respective corporate
share repurchase aka 10b-18 programs. In many initiatives, Mischler is
viewed as a pure complement to the role played by issuers’ lead
underwriters and also assists state and local governments in selling
tax-exempt and taxable municipal securities. Investment management
clients of the firm’s secondary market execution platform include a
broad spectrum of public plan sponsors and investment fund managers.
Mischler also provides cash management for government entities and
corporations, and asset management programs for liquid and alternative
investment strategies. Mischler maintains offices in 8 major cities and
is staffed by more than 50 securities industry veterans.

Visit https://www.mischlerfinancial.com
for more information.

Contacts

Media:
Rich Myers, Profile Advisors, 646-538-7904, rmyers@profileadvisors.com

BlackRock Declares Quarterly Dividend of $3.30 on Common Stock

Published

on

Reading Time: 1 minute

NEW YORK–(BUSINESS WIRE)–BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors
has declared a quarterly cash dividend of $3.30 per share of common
stock, payable June 20, 2019 to shareholders of record at the close of
business on June 6, 2019.

About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary
to investors and a leading provider of financial technology, our clients
turn to us for the solutions they need when planning for their most
important goals. As of March 31, 2019, the firm managed approximately
$6.52 trillion in assets on behalf of investors worldwide. For
additional information on BlackRock, please visit www.blackrock.com
| Twitter: @blackrock | Blog: www.blackrockblog.com
| LinkedIn: www.linkedin.com/company/blackrock.

Contacts

Investor Relations
Samantha Tortora
212-810-5397
samantha.tortora@blackrock.com

Media Relations
Brian Beades
212-810-5596
brian.beades@blackrock.com

Continue Reading

Hines: Atlantic Natural Foods Seeks Serious Investment Partner for Flagship Brand Expansion

Published

on

Reading Time: 3 minutes

Company poised for 50M+ in revenue, global product distribution

NASHVILLE, N.C.–(BUSINESS WIRE)–James Douglas Hines, founder of leading U.S. producer of shelf-stable
plant-based products and marketer Atlantic Natural Foods (ANF),
announced today that he has engaged Deloitte Corporate Finance, LLC to
assist with securing an investment partner for the rapidly growing
company. Brands in the ANF portfolio include Loma Linda® and
its award-winning plant-based seafood alterative Tuno™, neat®
and Kaffree Roma.

“Our Loma Linda meal solutions launch in 2018 saw unprecedented growth
as our products have rolled out in supermarkets and small grocery chains
across the U.S., the United Kingdom, and Australia,” Hines said. “We’re
committed to creating, manufacturing, and distributing high-quality,
sustainable plant-protein foods that are good for you and good for the
planet. We’re seeking an investment partner who shares our vision and
mission.”

In just 12 months ANF has secured more than 18,000 stores worldwide and
is in process of building for the next push as it trends towards $50
Million in revenue within two years.

“ANF’s incredible growth is driven by consumer demand of sustainable
products that taste great,” Hines added. “Although vegans love our
products, we’re seeing this demand in the mainstream market, too, as
consumers of all stripes are increasingly aware of how their food
choices effect their health and environment.”

According to Hines, the explosion of plant-based protein demand is
creating a need to drastically enhance the ANF’s supply chain,
factories, finance, marketing, execution, and human and financial
capital. Currently, ANF has manufacturing locations in Nashville, NC and
Bangkok, Thailand. Both are FDA-approved facilities, Kosher-qualified,
non-GMO-assured, with SQF and BRC verification – and uphold only the
most stringent health and food safety practices.

Rory Dineen, Managing Director of Deloitte Corporate Finance LLC said,
“We are pleased to work with ANF on this investment opportunity. The
food industry is evolving and ANF’s plant-based food alternative
products offer consumers affordable and sustainable protein options.”

The United
Nations projects
that by the year 2050, the current world population
of 7.3 billion is expected to reach 9.7 billion. A number that many
scientists believe
is the breaking point for the number of people
our planet can support.

These data drive Hines, a 40-year veteran of the global food sourcing
and creation market, who wonders what food his 10 grandchildren will eat
in the future. “We can see those numbers and panic, or we can work to
ensure we create products that meet the demands of today while
delivering hope for the future. I’m excited find a partner to join us in
changing the world while delivering a high-quality, high-value, and
sustainable product.”

About Atlantic Natural Foods

Headquartered in Nashville, NC, Atlantic Natural Foods is the leading
shelf-stable manufacturer and provider of Loma Linda®, neat® and Kaffree
Roma™ brand products. Its mission is to provide affordable, sustainable
and healthy sources of plant-based protein food for all lifestyles and
people to live healthier, longer lives. The company is managed by About
All About Healthy Foods Holdings, LLC
, and operates its own
manufacturing facility in North Carolina, as well as a joint venture
project in Thailand. The brands are sold throughout the U.S. and in 17
countries, including U.K. and Australia. To learn more about Atlantic
Natural Foods visit www.atlanticnaturalfoods.com.

About Deloitte Corporate Finance LLC

Deloitte Corporate Finance LLC (DCF), a broker-dealer registered with
the U.S. Securities and Exchange Commission (SEC) and member of the Financial
Industry Regulatory Authority (FINRA)
and the Securities
Investor Protection Corporation (SIPC)
, is an indirect wholly-owned
subsidiary of Deloitte Financial Advisory Services LLP and affiliate of
Deloitte Transactions and Business Analytics LLP. Investment banking or
other services that would require registration as a broker-dealer with
the SEC and membership in FINRA would be provided exclusively by DCF.
For more information, visit www.investmentbanking.deloitte.com.
Please see www.deloitte.com/us/about
for a detailed description of the legal structure of Deloitte LLP and
its subsidiaries. Certain services may not be available to attest
clients under the rules and regulations of public accounting.

Contacts

Media Contact:
Margie Newman
Margie@intesacom.com
619-995-3078

Continue Reading

AM Best Affirms Credit Ratings of The Allstate Corporation and Its Key Subsidiaries

Published

on

Reading Time: 4 minutes

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best affirmed the Financial Strength Rating (FSR) of A+
(Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of
“aa” of the members of Allstate Insurance Group (Allstate).
Additionally, AM Best has affirmed the FSR of A (Excellent) and the
Long-Term ICRs of “a” of the members of Allstate New Jersey Insurance
Group (collectively referred to as Allstate New Jersey) (headquartered
in Bridgewater, NJ). Concurrently, AM Best has affirmed the FSR of A+
(Superior) and the Long-Term ICRs of “aa” of the key life/health members
of the Allstate Life Group (Allstate Life). At the same time, AM Best
has affirmed the Long-Term ICR of “a”, and all existing Long- and
Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of the
ultimate parent, The Allstate Corporation (Allcorp). The outlook of
these Credit Ratings (ratings) is stable.

All the above named companies are headquartered in Northbrook, IL,
except where specified. (See link below for a detailed listing of the
companies and ratings.)

The ratings of Allstate reflect its balance sheet strength, which AM
Best categorizes as strongest, as well as its strong operating
performance, favorable business profile and very strong enterprise risk
management (ERM).

Allstate’s strong capital position reflects its favorable earnings,
which have contributed to organic surplus growth in each of the past
five years on a pre-dividend basis. Allstate’s operating results
continue to be favorable due to enhanced pricing sophistication, and
improved loss cost and expense management while maintaining underwriting
discipline. Additionally, Allstate has a significant market presence and
favorable overall business profile as one of the largest personal lines
writers in the United States. Allstate also benefits from the additional
liquidity provided by Allcorp and its subsidiary, Kennett Capital, Inc.,
and through access to capital markets, lines of credit and its
commercial paper program. The group’s favorable margins are attributable
to enhanced pricing accuracy and risk optimization, along with its solid
core underwriting capabilities, prudent capital management and sizable
investment income. Lastly, underwriting results also reflect the
favorable impact of Allstate’s ongoing risk management actions, various
expense management initiatives and its significant investment in
technology, as Allstate has shown the ability to adapt quickly to market
trends to ensure continued underwriting and operating profitability.

Partially offsetting these positive rating attributes is Allstate’s
inherent exposure to natural disasters due to its expansive market
presence throughout the United States. However, Allstate over the past
several years has maintained an extensive catastrophe risk exposure
management program, including a significantly enhanced property
catastrophe reinsurance program, stricter underwriting guidelines,
increased deductibles and discontinuance of selected lines of coverage
such as earthquake. In addition, this expansive geographic presence
provides inherent diversification against the impact of one or a few
significant weather events. The group’s underwriting results in recent
years have benefited from these risk-management actions. While the group
maintains above-average underwriting and investment leverage, relative
to industry norms, it has maintained capital levels supportive of its
business risks.

The ratings of Allstate New Jersey reflect its balance sheet strength,
which AM Best categorizes as very strong, as well as its strong
operating performance, limited business profile and appropriate ERM.
Additionally, the ratings recognize the financial strength, ERM and
continued support of Allstate Insurance Company, as well as Allcorp.

Allstate New Jersey maintains favorable risk-adjusted capitalization,
consistently profitable operating performance and management’s local
market knowledge. These positive rating attributes are offset partially
by the group’s business concentration within one state, resulting in
potential operating variability due to local market disruptions and
localized catastrophe weather events. The ratings further recognize the
consistent profitability trends in underwriting in recent years, along
with the expectation that trends in capitalization and operating
performance will continue in the near to medium term.

The ratings of Allstate Life reflect its balance sheet strength, which
AM Best categorizes as very strong, as well as its strong operating
performance, favorable business profile and very strong ERM.
Additionally, the ratings recognize the financial strength and continued
support of Allstate Insurance Company, as well as Allcorp.

Allstate Life’s overall balance sheet strength assessment is supported
by its very strong risk-adjusted capitalization and favorable liquidity,
as well as the organization’s expertise in stress testing and economic
capital modeling. Partially offsetting these strengths are the company’s
somewhat higher level of investment risk as a percentage of capital and
surplus, which is also higher than industry benchmarks. This risk is
mitigated partially by the use of a barbell asset allocation strategy,
which allows for longer dated annuity liabilities to be backed by
alternative assets, and the utilization of cash flow duration-matched
assets for shorter dated liabilities.

Allstate Life’s strong operating performance benefits from its core
traditional life and voluntary benefit product sales growth and its
favorable underwriting results, which are enhanced by a consistent
stream of net investment income. The company continues to manage the
run-off of its declining, yet sizable, exposure to interest sensitive
business within its annuities segment. Allstate Life’s recognized market
presence and strength of distribution across the organization create
additional benefits and synergies that drive its ability to compete in
its core markets. The company continues to work toward further
enhancement of digital capabilities in order to create a streamlined
consumer experience and increased efficiency. Allstate Life benefits
from a very strong risk culture and governance that has been embedded
throughout the organization.

A complete
listing
of The Allstate Corporation and its property/casualty and
life/health subsidiaries’ FSRs, Long-Term ICRs and Long- and Short-Term
IRs also is available.

This press release relates to Credit Ratings that have been published
on AM Best’s website. For all rating information relating to the release
and pertinent disclosures, including details of the office responsible
for issuing each of the individual ratings referenced in this release,
please see AM Best’s
Recent
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Understanding
Best’s Credit Ratings
. For information on the proper media
use of Best’s Credit Ratings and AM Best press releases, please view
Guide
for Media – Proper Use of Best’s Credit Ratings and AM Best Rating
Action Press Releases
.

AM Best is a global rating agency and information provider with a
unique focus on the insurance industry. Visit
www.ambest.com
for more information
.

Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its
affiliates. ALL RIGHTS RESERVED.

Contacts

Edin Imsirovic
Senior Financial Analyst – P/C
+1
908 439 2200, ext. 5740

edin.imsirovic@ambest.com

Christopher
Sharkey

Manager, Public Relations
+1 908 439
2200, ext. 5159

christopher.sharkey@ambest.com

Kate
Steffanelli

Senior Financial Analyst- L/H
+1 908
439 2200, ext. 5063

kate.steffanelli@ambest.com

Jim
Peavy

Director, Public Relations
+1 908 439
2200, ext. 5644

james.peavy@ambest.com

Continue Reading

Trending Online

Grassnews is a news publishing website which digests / hand picks the latest news about the cannabis industry, and serves them to you daily.

Contact us: pressroom@grassnews.net

© Grassnews.net 2019 - part of PICANTE Media. All rights reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania