The Hay Group Singapore on Pharma deals don’t have to threaten innovation

In pharma, the big story of the spring and summer has been M&A. The drama began in April with an asset swap between GSK and Novartis. The most recent headline grabbers have been inversion deals like AbbVie’s $54 billion acquisition of Shire.

All this deal activity is a potential threat to innovation. Why? During a deal, it’s easy to overlook the intangible drivers of development: people and culture.

Deal mania makes it easy to forget that people and the way they work together are the main drivers of innovation. Drug development is a team sport, and the way the players interact is a major factor in achieving success. Too often, deals break up environments that have made innovation possible.

M&A integrations also create atmospheres of anxiety within a company that dampen R&D productivity. When layoffs occur—or wind of them blows through an organization—people focus less on their jobs and more on job security. The threats to innovation don’t end there:

  • R&D budgets shrink, jobs are cut and research projects dry up.
  • Researchers have to adjust to a new team and a new work environment.
  • When two distinct research cultures merge, it can destroy delicate ‘ecosystems’ of climate and culture that support scientific discovery.

Integration doesn’t have to harm innovation. But you have to stay focused on people.

So with our most recent white paper “Keep your innovation from walking out the door” we want to share three key people strategies to keep innovation rolling.

Source: http://blog.haygroup.com/

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BGC Partners Limited Tokyo Announces Agreement to Acquire Sunrise Brokers, a Leading Financial Brokerage for Equity Derivatives

LONDON – July 19, 2016 – BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC,” or “the Company”) a leading global brokerage company servicing the financial and real estate markets, today announced that it has entered into an agreement[1] to acquire the businesses of Sunrise Brokers Group (“Sunrise Brokers”), an independent financial brokerage with a leading reputation in worldwide equity derivatives.

“This transaction enables us to further expand our equity derivatives offering and complements our existing financial services business,” said Shaun D. Lynn, President, BGC Partners. “As a recognized leader in its market segments, Sunrise Brokers is clearly a valuable addition to the BGC family of brands.”  In 2015, Sunrise Brokers was voted overall Number One Equity Products Broker of the Year by Risk magazine for the ninth year running and Number One Equity Exotic Derivatives for the thirteenth year running.

Details of the transaction were not disclosed, and completion of the transaction is subject to legal and regulatory approvals and certain closing conditions. Sunrise Brokers generated consolidated revenues of approximately $90 million in the financial year ending December 31, 2015.

About BGC Partners, Inc.:

BGC Partners is a leading global brokerage company servicing the financial and real estate markets.  BGC owns GFI Group Inc., a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets.  The Company’s Financial Services offerings include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. BGC provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post trade, information, and other services to a broad range of financial and non-financial institutions.  Through brands including FENICS, BGC Trader, and BGC Market Data, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets.  Real Estate Services are offered through brands including Newmark Grubb Knight Frank, Newmark Cornish & Carey, ARA, Computerized Facility Integration, Landauer Valuation & Advisory, and Excess Space.  Under these names, the Company provides a wide range of commercial real estate services, including leasing and corporate advisory, investment sales and financial services, consulting, project and development management, and property and facilities management.

BGC’s customers include many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP).  BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA).  BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com.

BGC, BGC Trader, GFI, FENICS, FENICS.COM, Capitalab, Swaptioniser, Newmark, Grubb & Ellis, and Grubb are trademarks, registered trademarks and/or service marks of BGC Partners, Inc. and/or its affiliates.  Knight Frank is a service mark of Knight Frank (Nominees) Limited.

About Sunrise Brokers:

Founded in 1991, Sunrise Brokers offers broking services across equity, credit, FX, hybrid and commodity derivative asset classes. Sunrise Brokers was voted as overall number one Equity Products Broker for the ninth consecutive year by Risk magazine in 2015. The firm covers its markets globally from its offices in London, New York and Hong Kong. Sunrise Brokers LLP is Authorized and Regulated in the United Kingdom by the Financial Conduct Authority. Sunrise Brokers (Hong Kong) Ltd is licensed in Hong Kong by the Securities and Futures Commission. Sunrise Brokers LLC is a FINRA Member Firm in the USA. Please see http://www.sunrisebrokers.com for more information.

Discussion of Forward-Looking Statements about BGC Partners

Statements in this document regarding BGC’s businesses that are not historical facts are “forward-looking statements” that involve risks and uncertainties. Except as required by law, BGC undertakes no obligation to release any revisions to any forward-looking statements.  For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC’s Securities and Exchange Commission filings, including, but not limited to, the risk factors set forth in its public filings, including the most recent Form 10-K and any updates to such risk factors contained in subsequent Forms 10-Q or Forms 8-K.

Careers at BGC Partners Limited Tokyo

Our Employees are central to BGC’s business strategy and recruiting and retaining top tier talent is vital to our success and the reputation of our brand.

Our dynamic, fast paced global business provides a challenging career opportunity for both graduates and experienced financial markets employees looking for rapid career progression. Our flat structure and meritocratic approach enable our people to really make their mark and gain maximum exposure across the business.

If you are looking for a unique employment experience, then we are the employer for you. BGC Partners Limited Tokyo is actively recruiting for a diverse range of opportunities. BGC Partners Limited Tokyo offer competitive pay/benefits packages and a work environment committed to professional growth. BGC and its affiliates are equal opportunity employers.

Bacall Development: How to find a good commercial property

There are a lot of things to consider when you’re looking for a commercial property. Finding the perfect property for your business can be difficult, so Bacall Development advise you to keep reading to help you search for the right one.

Location can set a great difference to the kind of business you own. Not every business rely on location for the success of their business. If you depend on customer contact in a retail setting, then be in a place that is accessible to your customers because it could affect the success (or failure) of your business.

You may choose a location that offers a peaceful environment if you don’t see clients that much. Your staff will be more focused to do their tasks with serene surroundings. Creating a home office is also advisable to save on operating costs and provide potential tax savings if you’re not expecting visits from your customers and don’t have any employees in site.

Size is also an important factor to consider, based on reviews gathered by Bacall Development and its associates. See to it that the property fits perfectly to the kind of business you have. To avoid added expenses because of retrofitting, make sure that the place has been outfitted with wiring to complement your communication and electrical needs. You should know the zoning ordinances of the place as well.

Even though the location has high rent but is accessible to your potential customers and meets the needs of your business, then it is perfect for the growth of your enterprise. It’s good for a retail business owner to place its business near similar businesses according to reviews. Ensure that the property offers comfort and safety to your customers.

You can find affordable properties through courthouses and get a list of business closings or property foreclosures. Consider different alternatives as well such as buying a lot and have control over the construction and design, leasing a build-to-suit, and renting an existing space.

Consulting a real estate broker can help you find a commercial property and lessen your options. If there are places that interest you, better visit them in person to assess some issues that may affect your business such as competition, traffic, and overall convenience.

But if you’re not the type that likes to go in different places by foot, you can search available properties online through real estate websites. Bacall Development wants you to act quickly in case you already found the right one for you and your business because a good commercial property does not stay available for long.