Craig Sweetra se une a Torino Capital LLC como Director de Cumplimiento.

El perfil de Craig Sweetra respalda el enfoque de cumplimiento de Torino.”

— Victor Sierra -CEO.

NUEVA YORK, ESTADOS UNIDOS, June 20, 2019 /EINPresswire.com/ — Torino Capital anuncia la inclusión de Craig Sweetra a su equipo para este trimestre de 2019. La experiencia de Sweetra ayuda a complementar la función de cumplimiento de nuestra compañía. Según Victor Sierra, CEO de Torino Capital, el perfil de Craig respalda el enfoque de cumplimiento de Torino.

Craig Sweetra, graduado en Economía Internacional en la Universidad de Georgetown, se unió al equipo de Torino Capital LLC en Nueva York.
Sweetra cuenta con más de 40 años de experiencia en la industria financiera, incluyendo banca internacional, banca de inversión y mercado de valores. También tiene experiencia en comercio, operaciones, auditoría y cumplimiento.

Mientras trabajaba para Dresdner Bank AG en Frankfurt, se unió al equipo de auditoría internacional y estuvo a cargo de la auditoría de las oficinas de trading en todo el mundo. Estuvo tres años en la Ciudad de México por asignación de Dresdner Bank AG y fue responsable del establecimiento en el área operativa de Dresdner Bank México SA. También tuvo el cargo de Director y Gerente de Operaciones en la Ciudad de México y en la Ciudad de Nueva York en Dresdner Bank.
Su trabajo más reciente antes de unirse a Torino fue el de Director de Cumplimiento de Mercados en Commerz Markets LLC, filial de banca de inversión y agente de corretaje de Commerzbank AG.
Toda esta experiencia le da a Sweetra un valioso conocimiento sobre negocios internacionales, reforzando el énfasis en el cumplimiento regulatorio de Torino Capital.

Torino Capital LLC es un banco de inversión y corredor de bolsa especializado en economías emergentes en América Latina, cuyo equipo de expertos está en proceso de expansión para brindar a sus clientes las noticias e información más actualizadas.

Fabiano Borsato
Torino Capital LLC
+1 212-661-2400
email us here
Visit us on social media:
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Source: EIN Presswire

Amit Sardar se une al equipo de Banca de Inversión de Torino Capital LLC.

Estamos muy satisfechos con su incorporación y confiamos en que lograremos grandes logros con su contribución y experiencia”

— Victor Sierra -CEO.

NEW YORK, USA, June 20, 2019 /EINPresswire.com/ — Torino le da la bienvenida a Amit Sadar en este trimestre del 2019. Los logros y amplia experiencia del Sr. Sardar lo convierten en un complemento perfecto para el equipo de ventas de Torino.

Según Victor Sierra, CEO de Torino Capital, el perfil de Amit se alinea con los objetivos de expansión y optimización de la cobertura de la compañía.

Amit Sardar, quien tiene una maestría en Ingeniería Financiera de la Universidad Carnegie Mellon y un MBA en Finanzas de la Escuela de Administración XLRI, se unió al equipo de Banca de Inversión de Torino Capital LLC en Nueva York.

El Sr. Sardar tiene una amplia experiencia con más de 12 años en América Latina en varias instituciones financieras reconocidas. Ocupó cargos como Director Ejecutivo de Operaciones de Crédito Estructurado en Nomura Securities, Director de Soluciones de Crédito en Commercebank y Vicepresidente de Operaciones de Mercados Emergentes para América Latina en Deutsche Bank.

Algunos de sus logros han sido conseguir un acuerdo de financiamiento por 1.000 millones de dolares para un gobierno latinoamericano, un acuerdo de recompra a largo plazo de más de 500 millones de dolares para un importante banco brasileño y la reestructuración de la cartera de derivados de una empresa mexicana para mejorar la gestión del flujo de caja, entre otros.

"Creemos que el perfil de Amit Sardar se alinea con nuestros objetivos de expansión y optimización de cobertura", dijo Victor Sierra CEO y Presidente de Torino Capital LLC. "Estamos muy satisfechos con su incorporación y confiamos en que lograremos grandes logros con su contribución y experiencia".

Su experiencia le da al Sr. Sardar una sólida comprensión de los aspectos legales y regulatorios del financiamiento estructurado en las economías emergentes de América Latina. Estas cualidades son vitales para Torino Capital, que se enorgullece del conocimiento especializado de su equipo.

Torino Capital LLC es un banco de inversión y corredor de bolsa especializado en economías emergentes en América Latina, en proceso de expansión de su equipo de expertos en economía y finanzas, que brinda a sus clientes las noticias e información más actualizadas.

Fabiano Borsato
Torino Capital LLC
+1 212-661-2400
email us here


Source: EIN Presswire

Laidlaw on a Recruiting Tear in 2019

Over Half a Billion Recruited in First Half of Year With Recent Addition of $250 Million, 35-Year Morgan Stanley Veteran

NEW YORK, NY, USA, June 20, 2019 /EINPresswire.com/ — Laidlaw Wealth Management is pleased to announce the continued growth of its wealth management business. As of Q2 2019 Laidlaw has recruited advisors from Morgan Stanley and Merrill Lynch with assets of over $560 Million AUM.

An affiliate of a 177-year-old Broker Dealer, Laidlaw Wealth Management has been enhancing and expanding its open architecture offering to provide innovative solutions and services for its partners and clients. This expansion, along with a boutique environment and partnership culture has been attracting advisors looking for a unique experience for themselves and their clients. Laidlaw leverages its deep industry knowledge, vast network of specialized services and a passion for serving clients with clarity and transparency.

The advisors all joined Laidlaw’s NYC Headquarters. However, many more recruits are in discussions to join Laidlaw’s other offices in San Francisco, Boston, Long Island, Boca Raton and London.

The most recent advisor to join, Mel Lewis from Morgan Stanley, spent his entire career at the same place starting at E.F. Hutton and working through the many different ownership changes over those years. “I felt like it was time to make a change. I wanted to get back to a firm with a similar culture and commitment to my clients and me that I felt at E.F. Hutton. Laidlaw stands out as a firm that offers that environment.”

Matt Eitner, CEO of Laidlaw said, “We are honored that an advisor like Mel who has never moved firms would embrace the special culture and client experience we have created enough to make that difficult decision, he represents the type of advisor we are all about."

The onboarding was led by Keith Hassan, Founding Partner of Laidlaw Asset Management. “Mel has a great reputation, years of experience in the business servicing his longtime clients and providing seasoned investment advice like we do here at Laidlaw, he is a perfect fit, said Keith. “In addition to senior advisors like Mel, we have also brought on several other advisors from Merrill Lynch and Morgan Stanley that were looking for an environment that would help them grow their business, give their clients a higher touch service and provide ownership in the firm, in essence being a partner.”

About Laidlaw & Company, LTD
Laidlaw was founded in 1842 as one of the first Investment Banking Boutiques in America. The firm has a 177-year legacy of independent investment banking and securities brokerage focused on the needs of domestic and international companies, corporate entrepreneurs, institutions and private clients worldwide.

A growing network of offices in the United States and the UK operating under dual FCA authorization and FINRA registration, allowing the firm to develop relationships, pursue new business and service individual clients on a global basis.

A healthcare focused investment banking and capital markets team of predominantly senior professionals combining ‘bulge’ bracket experience with an entrepreneurial ‘independent’ firm perspective with the goal of providing experienced, ‘hands-on’ transaction management and comprehensive solutions.

The ability to assist emerging companies quickly raise capital through our strong retail sales force, which allows our corporate clients the financial flexibility to grow.

Patrick Clancy
AdvisorHub
+1 540-883-3116
email us here


Source: EIN Presswire

Craig Sweetra joins Torino Capital LLC as Chief Compliance Officer.

Craig Sweetra’s profile supports the company’s continuing focus on its compliance culture.”

— Victor Sierra CEO and President of Torino Capital LLC.

NEW YORK, USA, June 20, 2019 /EINPresswire.com/ — Torino Capital announces the incorporation of Craig Sweetra to its team for this quarter of 2019. According to Victor Sierra, Torino Capital’s CEO, Craig Sweetra’s profile supports the company’s continuing focus on its compliance culture.

Craig Sweetra, who holds a degree in International Economics from Georgetown University, joined the investment banking team of Torino Capital LLC in New York.
Sweetra has over 40 years experience in the financial industry, including international wholesale banking, investment banking, and broker dealers. His background includes trading, operations, audit and compliance experience.

While working for Dresdner Bank AG in Frankfurt, he joined the international audit team and was responsible for auditing trading desks throughout the world. He also spent three years in Mexico City on assignment from Dresdner Bank AG and was responsible on the Operations side for the establishment of Dresdner Bank Mexico SA. He held the title of Director and Operations Manager in both Mexico City and New York City at Dresdner Bank. His most recent experience prior to joining Torino Capital was as a Director for Markets Compliance at Commerz Markets LLC, the investment banking/broker dealer arm of Commerzbank AG.

His experience gives Sweetra valuable insight into the international oriented business model of Torino Capital and furthers Torino Capital’s emphasis on regulatory compliance.

Torino Capital LLC is an investment bank and broker-dealer specializing on emerging economies in Latin America, undergoing a process of expansion of its team of experts in economics and finance, which serve its clients with the most up-to-date news and information.

Fabiano Borsato
Torino Capital LLC
2126612400
email us here
Visit us on social media:
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Source: EIN Presswire

Amit Sardar joins Torino Capital LLC’s Investment Banking team.

We believe that Amit Sardar's profile aligns with our goals of expansion and optimization of coverage, we are very pleased with his incorporation.”

— Victor Sierra CEO and President of Torino Capital LLC.

NEW YORK, UNITED STATES, June 20, 2019 /EINPresswire.com/ — Torino welcomes Amit Sardar in this quarter of 2019. Mr. Sardar's accomplishments and extensive experience make him a perfect addition to the company’s sales team.

According to Victor Sierra, Torino Capital’s CEO, Amit Sardar's profile aligns with the company’s coverage expansion and optimization objectives.

Amit Sardar, who holds a master's degree in Financial Engineering from Carnegie Mellon University and an MBA in Finance from the XLRI Management School, joined the investment banking team of Torino Capital LLC in New York.

Mr. Sardar has extensive experience with more than 12 years in Latin America with several recognized financial institutions. He held positions as Executive Director of Structured Credit Trading at Nomura Securities, Director of Credit Solutions at Commercebank, and Vice President of Emerging Markets Trading for Latin America at Deutsche Bank.

Some of his achievements have been arranging a USD 1 billion financing deal for a Latin American government, a long-term repurchase agreement of over USD 500 million for a major Brazilian bank and restructuring the derivatives portfolio of a Mexican company to improve cash flow management, among others.

"We believe that Amit Sardar's profile aligns with our goals of expansion and optimization of coverage," said Victor Sierra CEO and President of Torino Capital LLC. "We are very pleased with his incorporation and confident that we will achieve great things with his contribution and expertise."

His experience gives Mr. Sardar a solid understanding of the legal and regulatory aspects of structured financing in emerging Latin American economies. These qualities are vital for Torino Capital, which takes pride in the specialized knowledge of its team.

Torino Capital LLC is an investment bank and broker-dealer specializing on emerging economies in Latin America, undergoing a process of expansion of its team of experts in economics and finance, which serve its clients with the most up-to-date news and information.

Fabiano Borsato
Torino Capital LLC
+1 212-661-2400
email us here
Visit us on social media:
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LinkedIn


Source: EIN Presswire

Footnanny Inks Deal for $10 Million in Growth Capital Funding from MBE Capital Partners

Footnanny Founder and CEO Gloria L. Williams lands deal for future purchase order funding from MBE Capital Partner’s Minority Vendor Access to Capital Program. Williams offers “wellness beyond the pedicure,” through her luxury foot care products.

Footnanny to the Rescue is a live program created and hosted by Footnanny Founder and CEO Gloria L. Williams. The show is designed to help nail salon owners from across the USA elevate their business.

How to Open a Nail Salon with $1000 written by Footnanny Founder and CEO Gloria L. Williams, Celebrity Pedicurist, teaches you how to open a nail business on a budget of $1000 in 9 chapters. She gives you all the knowledge on how to purchase nail products, and more.

Footnanny Brand Product Developer Gloria L. Williams created a foot massage spa in a box! You can add a wellness area to your home, nail salon, nail spa, barber shop or business. Footnanny SPA In A Box is packed with wellness products and accessories.

Gloria L. Williams, Founder and CEO of Footnanny, gives nail techincians a boost for their business with an instant line of credit.

Footnanny Founder Gloria L. Williams, Inspired by the Funding, Empowered 100 Nail Technicians at the Premier Orlando Beauty Show with Products via PediCredit

The funding motivated me to provide an in-house financial platform for entrepreneurs that was not available to me. I developed a proven process to empower anyone interested in the nail tech business.”

— Gloria L. Williams, Founder and CEO of Footnannny, Inc.

LOS ANGELES, CA, USA, June 20, 2019 /EINPresswire.com/ — Raising capital is a challenge,especially for minority and female entrepreneurs. Just ask Gloria L. Williams, the founder and CEO of Footnanny, Inc., which is a business of luxurious products that focus on foot care. "Since I launched the Footnanny Brand 5 years ago, I have had unprecedented success through several platforms but most importantly from the tweet about my product line by Ms.Oprah Winfrey," said Williams. "In spite of that extreme blessings and overwhelming demand for my products,securing funding was not easy.” Just recently MBE Capital Partners, LLC (MBECP) was introduced to Williams and other Minority/Woman-owned Businesses (MBE) at a business forum entitled, “The Workshop At Macy's,” which was held in New York. MBECP approved Williams' company Footnanny for $10 million future growth capital funding from the MBE Capital Partners’ Minority Vendor Access to Capital Program.

"The funding motivated me to give back to the beauty community and provide an in-house financial platform that was not available to me," she said. "I developed a multi-level process to empower anyone who is interested in entering the nail salon industry." Williams gifted her first book, “How To Open A Nail Salon With $1000” Volume 1 to a class of 100 beauty professionals at the Premier Orlando Beauty Show in Orlando, Florida. "I took a step further and surprised the entire class of nail technicians, estheticians, hairstylists, and barbers with a $300 PediCredit investment of Footnanny products for their current and future business," said Williams. "You could hear the screams of joy beyond the classroom door!" The 100 attendees are now authorized Footnanny Salon Retailers. Williams states, "There are more than 42,000 zip codes in America and I am determined to establish a Footnanny Retailer in each one!"

"In my book, I provide a step-by-step guide to building a nail salon business whether it is with one nail tech or multiple nail techs," said Williams. "I have worked and consulted for some of the best luxury salons and spas across the US and I know what it means to be a professional nail technician."

Williams doesn't stop there with a blueprint to owning a nail salon, she offers Pedicredit, an instant line of credit for Footnanny products, to make it easy for the new entrepreneurs to obtain supplies. "I established Pedicredit because I know how hard it is to get the seed money to buy quality products for the clients," she said. "I wouldn't be in this position today if it were not for the many women who have inspired me, believed in me or given me the hand up to be able to give back."

Her third process to the multi-level empowerment plan for nail technicians was the launch of her Facebook Live show, "Footnanny to the Rescue." The intention of the show is to help people who need some guidance in navigating the world of finance and marketing with it comes to building a nail salon business. Watch the show on Facebook and Instagram Live on select Sundays. Follow Footnanny on Instagram and Facebook for the show schedule. "I have successfully rescued more than 200 nail techs and counting," said Williams. "When you meet a Footnanny Tech you will see a variety of the best nail and foot care products available."

The Footnanny story began with her grandmother and mother whose philosophy was to heal through the power of touch. "My mother was from the South, specifically, Montgomery, Alabama, and and when a person didn't feel good we watched Mamma give them a good old fashioned "Rub Down!" explains Williams. "My wise mother believed that certain foods, oils, and teas played a crucial roll in the overall recovery of a person's ailments. Mamma would mix luxurious creams, ointments and oils, which we would then use to do the "Old Fashioned Rub Down" on those in need of a loving touch.

Williams' mantra is "Wellness Beyond a Pedicure." "I pride myself of my mother's legacy of wellness and now provide that for diverse customers around the world," she said. "Staying true to my mother's traditions and keeping her recipes in mind, I developed Footnanny, my signature line of aromatherapy foot products." All Footnanny products are made in the USA and are cruelty-free as well as Leaping Bunny approved.

The Footnanny Foot Cream product line has more than 15 aromatherapy fragrances and 60 products including MAN, Vitamin C, Vegan and Hemp. Additional Footnanny products from foot soaking salts, rescue buffs and foot files are available at www.footnanny.com.

Celebrities and dignitaries have experienced the Footnanny brand of ultimate indulgence. The Footnanny past and present client list consists of Ms. Oprah Winfrey; Stedman Graham; Gayle King; 44th First Lady of the U.S. Michelle Obama; Maria Shriver; 2016 Olympic Gold Medalist and Pro Golfer Justin Rose; Taraji P. Henson; Randy Jackson; Lady Gaga; The Dixie Chicks; Loretta Devine; Omar Gooding; A$AP Rocky; Cicely Tyson; Patti LaBelle; Sean "P Diddy" Combs; Jimmy Jean-Louis; Bellamy Young; Sela Ward; Rita Wilson; Liana Mendoza; Patrick Faucette; Paula Jai Parker; Jessica Simpson; Ashanti; Christy Turlington; Keri Russell; Steve and Marjorie Harvey; Karen Civil; and more.

For appearances, interviews, and product placement, contact Publicist Marie Lemelle for Platinum Star PR at info@platinumstarpr.com or 213-276-7827.

Join the conversation with @Footnanny on Twitter and Instagram. Like Footnanny on Facebook to get tips about foot care. Follow Footnanny on social media platforms: Instagram, Twitter, and Facebook.

About Gloria L. Williams aka Footnanny:
Gloria L. Williams, the creator and CEO of footnanny.com, is a licensed nail technician, spa consultant, certified reflexologist, and product developer. She is the personal pedicurist for Ms. Oprah Winfrey. Her Footnanny cream was selected for the prestigious Oprah's Favorite Things List in 2014, 2015, 2016, 2017, and 2018. The Footnanny product line has been featured on Home and Family; The Talk; Good Morning America; the Valspar Golf Championship at the Innisbrook Resort; HSN; The View; The Shopping Channel Canada; and Amazon News. Williams gives back to several charities including Blessings in a Backpack, Kiva, and Soles4Souls: The Power of a Pair of Shoes Campaign through Footnanny Cares at www.footnanny.com. The Footnanny headquarters is in Southern California.

Marie Lemelle
Platinum Star PR
+1 213-276-7827
email us here

Footnanny Surprises 100 Beauty Professionals with an Investment!


Source: EIN Presswire

Aspiring Minds Launches AI-assisted Live Interviewing Technology to Revolutionize Talent Evaluation

SmartMeet live interviewing platform delivers a realistic, interactive interview experience from a computer or laptop anywhere, anytime.

SmartMeet is the newest edition to our suite of AI powered Talent Evaluation tools and I believe SmartMeet and CodeMeet will revolutionize how organizations engage with candidates.”

— Himanshu Aggarwal, Co-Founder & CEO Aspiring Minds.

SAN JOSE, CA, USA, June 20, 2019 /EINPresswire.com/ — Aspiring Minds will showcase its one of a kind AI powered interviewing technology – SmartMeet at SHRM Annual Conference & Expo 2019 on June 23-26th.

SmartMeet, an AI-powered Live Interviewing tool is designed to deliver a real-life interview experience on your computer or laptop. Whether using this live interviewing platform for a conversational interview or to evaluate architects, coders or finance professionals, the platform’s powerful AI enables real-time feedback to help recruiters and interviewers ask more relevant questions during the interview, while giving candidates a collaborative, engaging interview experience in the comfort of their home.

About SmartMeet
SmartMeet provides interviewers with a collaboration environment with video, audio conferencing, whiteboard, chat and most importantly access to role relevant, pre-defined and structured set of questions to help them conduct a comprehensive and efficient interview. AI powered real time feedback on what to ask next and candidate’s state of mind take the tool to the next level. The platform allows interviewers to take point in time notes and submit feedback in a structured manner. Using the full-blown record and replay feature interviewers and recruiters can revisit the entire interaction and review the notes and feedback making the process extremely efficient.

“SmartView is part of our suite of AI powered Talent Evaluation tools. Aspiring Minds continues to innovate and lead the talent assessment, matching and interviewing space with cutting edge technology. It will be a breeze for our customers to plug and play various components – assessments, video assessments, interviewing and more to build their ideal recruitment process. I believe SmartMeet and CodeMeet – the coding avatar of SmartMeet will revolutionize how organizations engage with candidates”, said Himanshu Aggarwal, Co-Founder & CEO Aspiring Minds.

“A reliable standardized interview is a key component that adds predictive validity to any thorough selection process,” said Dr. Fred Rafilson, Aspiring Minds’ Chief I/O Psychologist. “SmartMeet is an excellent realistic solution that allows for the interview to be conducted remotely. For a long time, employers have struggled to assess both soft and hard skills in a way that truly predicts job performance and a person’s potential for success.”

With over a decade of experience pioneering AI-powered talent evaluation technology and delivering measurable results to companies worldwide, Aspiring Minds talent evaluation solutions help companies in all industries to improve quality of hire, dramatically improve speed to hire, and deliver an engaging candidate experience. Visit the team at SHRM Annual Conference & Expo, Booth #725, attend our SHRM presentation on June 23rd at 5:45pm or reserve your demo.

About Aspiring Minds
Founded in 2008 by Himanshu Aggarwal and Varun Aggarwal, Aspiring Minds continues to innovate in the talent matching, assessment and interviewing field using artificial intelligence (AI), psychometrics, machine-learning and statistics. Blending the power of AI with the science of psychometrics optimizes the hiring process through an engaging candidate experience. Talent professionals can easily mix and match from a comprehensive portfolio of assessments to measure cognitive abilities, personality traits, language proficiency, and functional skills. Predictive analytics identify high-performing, long-term candidates to take the guesswork out of hiring. Our talent evaluation solutions are used across all industries and are administered to 5M+ candidates annually in over 3,000 companies worldwide including over 100 Fortune-500. Learn how AI powered talent evaluations can power your hiring strategy at aspiringminds.com.

Marianne Rocco
Aspiring Minds
+1 617-416-1279
email us here
Visit us on social media:
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Source: EIN Presswire

Big Data Block Chain in the Internet of Things-Kesla Chain (KEC)

Kesla Chain is a big data blockchain integrating the Internet of things and blockchain technology, dedicated to creating an Internet of everything blockchain.

NEW YORK, UNITED STATES, June 20, 2019 /EINPresswire.com/ — Kesla Chain (KEC) is a big data blockchain integrating the Internet of things and blockchain technology, dedicated to creating an Internet of everything blockchain.

The Internet of things is recognized globally as another information wave of the world information industry after the computer, Internet and mobile Internet, which will bring a huge upgrade to the quality of life and production efficiency of human beings and have a very broad market prospect.

The traditional operation platform of Internet of things adopts centralized technology. No matter in data collection or operation, any party involved in the Internet of things is the premise of due diligence. Due to the slow development of trust mechanism, the development of the Internet of things market is seriously hindered. In view of the problems in the process of the Internet of things, kesla focuses on the block chain technology applied in the Internet of things industry facing the problem of data acquisition, data concurrency, data coexistence, combined with block chain a big data in the Internet of things, to build a new generation of Internet of things architecture.

Kesla stores the data of Internet of things participants at every link, enabling free conversion of assets. At the same time, kesla has built a technology-based trust system for basic data based on the characteristics of blockchain. In kesla, due to its non-tampering and traceability, participants have absolute trust in the fair trading mechanism, guaranteeing the normal operation of the transaction.

KEC is the basic token of kesla. Through KEC, kesla facilitates the capitalization of commodity circulation data in the Internet of things, subverting the traditional method of data acquisition. Kesla derived other intelligent contracts through the basic circulation data of goods, which eventually led to the blockchain of big data of the Internet of things that was authentic, traceable and highly available.

XRS MEDIA
Kesla Chain
+65 8680 0361
email us here


Source: EIN Presswire

Rong360 Jianpu Technology Inc. (NYSE:JT) Big Data Institute: China Mortgage Rates Declined For Sixth Consecutive Month

The Trend of Average Mortgage Rate for Home Rates in China Since 2018

Mortgage Rates for the First-Home Loan in First-tier and Typical Second-tier Cities

Beijing and Guangzhou Were Off the Top 10 List of Lowest Mortgage Rates

Rong360 Jianpu Technology Inc. (NYSE:JT)

BEIJING, CHINA, June 20, 2019 /EINPresswire.com/ —
Key Points:
– Mortgage rates have declined for sixth consecutive month, reaching the lowest level since 2018.
– Adjustments of mortgage rates among different cities vary greatly. While the mortgage rates has been slightly reduced in all first-tier cities, the situation in second-tier cities are different from one to another.
– Beijing and Guangzhou were off the top 10 list of lowest mortgage rates, while Urumqi, Shenyang and Kunming joined in.
– The downward trend of mortgage rates is coming to an end. In cities with a hot housing market, it may even start to rise.
– The price of the real estate market is stable.

Mortgage Rates Have Declined For Sixth Consecutive Month, Reaching The Lowest Level Since 2018

According to data analytics by Rong360 Jianpu Technology Inc. (NYSE:JT) Big Data Research Institute, the average mortgage rate for first-home loan in China was 5.42%, which is declined by 1.09%(6 basis point). The average mortgage rate for the second-home loan was 5.74%, which is 8 basis point lower than that of the previous month. After declining for six months in a row, the rates have fallen to the lowest level since 2018.

Nevertheless, among the 533 bank branches in 35 cities monitored by Rong360 Jianpu Technology Inc. (NYSE:JT), the number and proportion of banks with flat or rising level of first-home mortgage rates increased in May 2019. 108 banks reduced their rates, dropped by 3.38% than the prior month.

Adjustments of mortgage rates among different cities have obvious difference

The national real estate mortgage rate is reduced in May, but the adjustments of mortgage rates among different cities vary greatly. While the mortgage rates has been slightly reduced in all first-tier cities, the situation in second-tier cities are different from one to another. Among the second-tier cities, some whose interest rates had declined sharply in prior months have remained stable or slightly declined in May, others with relatively steady rates in prior months, such as of Urumqi, Kunming and Shenyang, have largely reduced the rates in May. Meanwhile, the mortgage rates of some second-tier cities have rebounded from the bottom. In addition, several banks are quietly raising the mortgage rates in cities whose average mortgage rates declined.

Beijing and Guangzhou Were Off the Top 10 List of Lowest Mortgage Rates

Generally speaking, the mortgage rate of first-tier cities is lower than that of second-tier cities. However, data shows that Beijing and Guangzhou were squeezed out of the top 10 list of lowest mortgage rates for first-home loans. Second-tier city Haikou was also out of it in May 2019. Instead, Urumqi, Shenyang and Kunming were included in, with the average mortgage rates of 5.17%, 5.24% and 5.27% respectively.

Still, Xiamen, Shanghai and and Tianjin enjoy the 3 lowest mortgage rates in China, with the average of 4.90%, 4.92% and 4.93% respectively. The rates of other seven cities were also below 5.30%.

Mortgage Rates Downward Trend Is Coming To An End, In Cities With A Hot Housing Market, the Rates May Even Start To Rise
The National Bureau of Statistics issued Sales Prices of Residential Buildings in 70 Medium and Large-sized Cities in April 2019. Two days later, the Ministry of Housing and Urban-Rural Development warned four cities over price rises, including Foshan, Suzhou, Dalian and Nanning.

On the background of real estate market regulation, it is generally believed that causal relationship exists between housing prices and mortgages rates. However, the data shows no such relationship.

In fact, increasing mortgage rates is not the only means to control the overheated investment in real estate. The main tone of national policy is still "houses are for living in, not for speculation", meanwhile, each city should take control measures in accordance with the local real estate market. From this perspective, it is easier to understand the data above.

Rong360 Jianpu Technology Inc. (NYSE:JT) concludes that this downward trend of mortgage rates is drawing to a close. It is likely that the average level of national mortgage rates may still decline in future, but more cities may maintain a steady rate, a few cities with overheated real estate market will even rebound.

Di Wang
Jianpu Technology
+86 10 8262 5755
email us here
Visit us on social media:
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Source: EIN Presswire

Dean Dorton Named to Bob Scott’s Top 100 VARS for 2019

Dean Dorton, a Sage Intacct Premier Partner, was named to Bob Scott's Top 100 VARS for 2019.

RALEIGH, NC, UNITED STATES, June 20, 2019 /EINPresswire.com/ — Dean Dorton, a full-service CPA and business consulting firm, has been named to the Bob Scott’s Top 100 VARs for 2019. The Top 100 resellers are chosen from organizations nation-wide that specialize in the sale and implementation of Enterprise Resource Planning (ERP) and accounting software.

“We want to congratulate this year's class of Bob Scott's Top 100 VARs,” said Bob Scott, executive editor of ERP Global Insights (formerly known as Bob Scott’s Insights). “This selection represents recognition of leaders in this important field.”

The selection of the Top 100 VARS is based on annual revenue generated by each reseller. A special report that includes names of the organizations selected for this year’s Top 100 list, ranked by revenue, is downloadable at http://www.erpglobalinsights.com.

“It is an honor to be selected as a Top 100 VAR, as it reflects the knowledge and dedication of our ERP software consulting team and the firm as a whole,” says Philip Massey, Director of Software Consulting at Dean Dorton.

Dean Dorton specializes in both Sage Intacct cloud-based financial management software, along with MS Dynamics Great Plains accounting software. The Dean Dorton ERP team works with businesses every step of the way, from assessment and selection through the implementation of the software and continuous support.

“Our goal is to help clients strategize with their business plans in mind to ensure they select the best financial management software for their organization, both in regards to what they need now and what they are looking for in the future. We strive to provide our customers with a prestige solution that will scale with their company’s growth, accelerate their ROI, and guide them to overall proper financial accuracy.”

The firm has been a Sage Intacct Premier Partner since 2014 and was named Sage Intacct Partner of the Month in March 2019.

About Dean Dorton

Dean Dorton Allen Ford, PLLC (Dean Dorton) provides an integrated suite of audit, tax, business management, consulting and technology solutions to companies throughout the region, nationally, and internationally. The firm helps clients strategize, adapt, and change in every stage of business, from startup to growth and proper succession planning. Dean Dorton emphasizes smart technology, leading a cloud revolution of financial, operational, and compliance tools that are transforming the way companies do business.
Dean Dorton provides an array of full-service technology solutions to businesses of all sizes – delivering excellence in accounting technology from planning and management through implementation and continued support and improvement including software evaluation, selection, and systems integration. As a Sage Intacct Business Partner, Dean Dorton has the proven ability to provide sophisticated, value-added Sage Intacct solutions that deliver a high-quality accounting software experience for clients, including unique solutions for nonprofit organizations. For more information visit: www.deandortontech.com

About Bob Scott

Bob Scott has been informing and entertaining the mid-market financial software community via his email newsletters for 19 years. He has covered this market for nearly 28 years through print and electronic publications, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and has continued to address that market.

Jelena Subasic
Dean Dorton
+1 919-508-6063
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Source: EIN Presswire