Month: May 2022

KUALA LUMPUR, 28 Mei (Bernama) — Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah and Raja Permaisuri Agong Tunku Hajah Azizah Aminah Maimunah Iskandariah today conveyed their condolences to Minister in the Prime Minister’s Department Datuk Seri Dr Wan Junaidi Tuanku Jaafar and family over the demise of his wife Datin Seri Feona Sim @ Norjanah yesterday.

“Their Majesties pray that her soul be showered with blessings by Allah SWT and placed with the righteous,” Istana Negara quoted Their Majesties as saying on its Facebook.

Feona, 70, died due to internal bleeding at a private medical centre in Kuching, Sarawak, at 6 pm yesterday.

Norjanah married Wan Junaidi on Sept 9, 1972 and they were blessed with three daughters.

Source: BERNAMA News Agency

PUTRAJAYA, May 28 (Bernama) — A joint committee will be set up to implement the Memorandum of Cooperation (MoC) to send skilled Malaysian workers to work in Japan, said Human Resource Minister Datuk Seri M. Saravanan.

The MoC was finalised between Saravanan and Japanese Justice Minister Yoshihisa Furukawa on Thursday (May 26) and the exchange of MoC documents was witnessed by Prime Minister Datuk Seri Ismail Sabri Yaakob and the Prime Minister of Japan Fumio Kishida yesterday.

Saravanan in a statement today said the Human Resource Ministry will lead the joint committee for Malaysia.

“The MoC will act as the best platform for eligible skilled Malaysian workers to work in the advanced technology-based employment ecosystem in Japan, ” he said.

Through this exposure and experience acquired, he said Malaysian workers would have the opportunity to explore the various fields of technology which is the pulse of the development of the industrial sector in Japan.

“(Malaysian workers) will be able to bring back the skilled they learned as well as the work culture of Japan to Malaysia after their employment contract end over there,” he said.

He said Japan was identified as a country that offered high wages to skilled workers.

“Therefore, Malaysian skilled workers who participate in the programmes are able to generate higher income as well as increase their socio-economic level.

“In fact, the work experience in Japan can also increase the marketability of these workers,” he said.

According to Saravanan, the sealing of the MoC will also make Malaysia a source country to supply skilled workers to developed countries.

“However, local skilled workers will only work in Japan for a certain period of time before they return to Malaysia with the skills and experience gained to contribute to the future development of the country,” he said.

Source: BERNAMA News Agency

TOKYO, May 28 (Bernama) — Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob said a special ASEAN-Japan summit would be held to discuss in depth regional and international issues.

Ismail Sabri said he had suggested the summit to Japanese Prime Minister Fumio Kishida in their meeting in Tokyo on Friday that Japan should make an engagement not only with Malaysia but ASEAN and Kishida agreed to hold it next year.

“ASEAN usually has its own stand, not of individual countries,” he told Malaysian journalists in Tokyo on Saturday, at the end of his official working visit to Japan.

Ismail Sabri said he also told Kishida that Malaysia would not compromise on any form of threat to its sovereignty in the South China Sea.

In handling the complex issue of the South China Sea and involving inter-state relations, all related countries must remain committed to maintaining freedom of navigation in the South China Sea, he said.

He said the actions taken by Malaysia when there was an issue of encroachment in its waters in the South China Sea was in the form of protests and negotiations with the parties involved.

“When there is a related issue, we resolve it via dialogue,” he said.

On the Russia-Ukraine conflict, Ismail Sabri said he informed Kishida that Malaysia did not support any violation of fundamental principles such as the sovereignty and territorial integrity of each country and international law.

He said Malaysia was also concerned about the impact of the conflict, including those experienced by countries not directly involved in it, like on the aspect of food security.

Source: BERNAMA News Agency

Seasoned trading executive, Marcos Pagani, joins Bay Crest Partners as Managing Partner

NEW YORK, May 26, 2022 (GLOBE NEWSWIRE) — Bay Crest Partners LLC, a technology-driven, premier agency-only brokerage firm focused on institutional clients, today announced that Marcos Pagani has been appointed Managing Partner. He brings to Bay Crest 20 years of experience in the fields of equities and derivatives execution expertise and has been a core player in the improvement and transparency of market structure. Most recently, Mr. Pagani served for nine years as managing director of BGC Partners, where he was responsible for providing execution services to institutions. Before that, he was the founding member of Momentum Partners and co-head of equities for GFI Group in the U.S.

“Marcos has significant execution expertise across all market and volatility cycles and an unrivaled client base. We are delighted that he is joining us as Managing Partner of Bay Crest for our next phase of growth. His impressive understanding of dark pools’ mechanics is apparent in that many of the best industry leaders have come to rely on him to quietly source deep institutionalized-sized liquidity in equity and options,” said William Mulligan, Chief Executive Officer, and Principal.

“We believe we have a solid foundation, and the Bay Crest team looks forward to working with Marcos to enhance our portfolio of services and deliver the next value proposition to our clients. Bay Crest continues to build out our execution capabilities across multiple product lines making considerable strides toward becoming the top technology-driven, high-touch venue for institutions looking for a true unconflicted execution partner,” said Anthony Riccio, Principal.

“I am very excited to join Bay Crest with so much growth still ahead for the firm,” Mr. Pagani said. “I look forward to working closely with William, Anthony and the entire Bay Crest team to leverage the already native execution-focused DNA of the firm while also working closely with the A.I. team on cutting-edge trading and data products. I am extremely impressed with Bay Crest’s established volumes in equities and derivatives. The firm occupies a unique position in today’s brokerage landscape: an execution model powered by technology but driven by the entrepreneurial spirit of the traders themselves. I want Bay Crest to be the place every talented trader in our industry can have a voice on how to improve execution outcomes, provide value-added coverage to our clients and be successful at it.”

About Bay Crest

Established in 1993, Bay Crest Partners, LLC is a premier agency-only, unconflicted brokerage firm focused on institutional clients globally. The firm clears through Bank of America Merrill Lynch, employs best-in-class technology, and invests in building proprietary fintech to provide a critical edge in servicing clients’ needs. Bay Crest offers clients trading execution expertise at the scale of larger firms with the high-touch service of an independent practice. Investing in innovative technology to promote connectivity and enhance execution is at the core of Bay Crest. In 2021, the firm transacted and facilitated over $800 billion in equity notional value and over sixty-five million listed equity option contracts.

Media Contact:
Maureen McNicholas
media@baycrestpartners.com
baycrestpartners.com

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