Press Releases
Alliance FX Capital Appoints New Transfer Agent

, 20 April 2017 -- Alliance FX Capital (AFXC) has consummated a commercial relationship with Pennington Fund (Management, Advisory, Funds, and Listing Service) of Labuan, Malaysia.

Shaw Centre, Singapore, April 20, 2017 /PressReleasePing/ - Alliance FX Capital (AFXC) has consummated a commercial relationship with Pennington Fund (Management, Advisory, Funds, and Listing Service) of Labuan, Malaysia. We have entered into this arrangement to strengthen our capabilities in launching a new set of Asian Specialty Funds to trade as ETFs with Singapore equity market listings. Pennington is one of a few consultancy’s and transfer agents with unique funds transfer and structuring capabilities. As one of the most experienced ETF listing and structuring consultancies in Asia, Pennington possesses the banking relationships that can support these complex transactions.

As our appointed transfer agent, Pennington Fund has demonstrated to AFXC the expertise that these specialized fields require.

Chief Executive Officer, Gordon Roth said, “We look forward to having Pennington as a transfer agent that will increase our efficiency in handling volume customer funds bank clearance as well as the intricate management of the flow of funds that our ETFs business will require from us as a product underwriter. We have known this group for quite some time and are happy and confident in giving Pennington our funds transfer and structuring business.”

As such, we are changing most of our funds transfer agency relationship to Pennington from Wells Goldman (which we will still retain for the business operational transfers; such as contactor payments, salaries, etc.). Pennington Fund will now handle all the trading transactions, customer account clearing and the new ETF issuance portion of our business.

Mr. Roth, finished by saying, “We look forward, as a result of signing this deal, to be expediting these new ETF Asia specific fund offerings later this year.”

Alliance FX Capital’s new clearing bank is now OCBC Bank in Singapore under the Advisory and Management of our Transfer Agent; Pennington Fund, Labuan, Malaysia.

About OCBC Bank:

OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore and the Asia Pacific by The Asian Banker. OCBC Group are listed on the SGX-ST as one of the largest listed companies in Singapore and one of the largest listed banks in Southeast Asia by market capitalisation with more than 29,000 employees globally. OCBC Group is the second-largest banking group in Singapore by total assets. We operate our banking business as OCBC Bank and Bank of Singapore (amongst others) in over 18 countries and territories. Key markets are Singapore, Malaysia, Indonesia and Greater China.

About Pennington:

This Fund and Advisory, domicile in Labuan, Malaysia, provides all of the advantages which protect and shield Pennington Fund and Pennington Trading clients and investors. Labuan’s tax haven advantages flow through to protect Pennington’s significant international operations across numerous jurisdictions. This advantage, to structure product and transactions under Labuan’s offshore legal environment, is of great value to our companies, funds and customers. Labuan is the Offshore (Tax-Exempt) Federal Territory of Malaysia.

Pennington is voluntarily compliant with all Asian regulations including the SIAS.

Advisory Company: Pennington Trading Ltd, Seychelles Company Registration No.065640

Management Company: Pennington Managers Ltd, BVI Company Registration No.1774107

Fund Manager: Pennington Fund (Labuan) LLP, Labuan (Malaysia) Company No.LLP00332012

Registered ISIN’s:




About AFXC:

Alliance FX Capital (AFXC) is a financial services firm offering a broad array of products and services that seek to empower investors. The company was founded to provide investors with an alternative to the profit-first, client-second business model that has come to dominate much of Wall Street these days. AFXC believes the firm is of no use to the client if their interests aren't perfectly aligned. This means always putting the client's best interests ahead of the firm's. AFXC service institutions as independent consultants helping to provide specific insights regarding macro events, portfolio positioning, risk management and more general needs. Current clients include global and regional hedge funds, central banks, asset managers, market-using banks, other non-bank financial institutions and qualified trading professionals.

Press Contact:

Kent Rodgers

Alliance FX Capital

1 Scotts Road, #24-10 Shaw Centre Singapore 228208


# # #

Submitted by prping on Thursday, 20 April 2017 at 2:45 PM
Category: Arts & Entertainment
Related News

Get Artifact Power After Completing the New Alliance Questline with cheap wow gold
Saturday, 22 Apr 2017

Neverwinter astral diamonds spring sale: Designing the Celestial Stag
Saturday, 22 Apr 2017

Coast® Soap Teams up with Paramount Pictures to Celebrate the New BAYWATCH Movie
Saturday, 22 Apr 2017

R&B Singer, Votte Hall, Releases Visuals For Upcoming EP
Saturday, 22 Apr 2017

Scaffolding Pro's - Official Launch of Western Canada's Top Scaffolding Firm
Friday, 21 Apr 2017

Related Events

workspace at INDEX 2017
Monday, 22 May 2017

Children’s Season at the National Museum
Saturday, 27 May 2017

Successful FMCG Category Management Workshop
Wednesday, 7 Jun 2017

The Digital City Visitor Travel Conference
Tuesday, 13 Jun 2017

World Gaming Executive Summit
Tuesday, 4 Jul 2017

Latest News

Obtain 2007 runescape gold with Up To 10% Bonus on Rsorder for Fossil Island Until May 10
Monday, 24 Apr 2017

Gain runescape 3 gold with Up To 10% Bonus on Rsorder for Free XP Until May 10
Monday, 24 Apr 2017

TEPCO: Free Electrons Announces Cohort of 12 Energy Startups
Monday, 24 Apr 2017 offers great opportunities for free advertising strategies
Monday, 24 Apr 2017

Emergency dental care in Los Angeles
Monday, 24 Apr 2017

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Monday, 24 April 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • How to backup files in your laptop
  • World Congress on Maternal Fetal Neonatal Medicine
  • 85th EAS Congress - European Atherosclerosis Society
  • Leveraging Customer Contact as a Strategic Asset: Customer Contact, East
  • Radiology in Venice

  • Latest Jobs
  • London Investment Property
  • We Are Hiring A Content Manager!