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Ping An Asset Management Up to No. 33 in Top 500 Asset Managers 2024

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HONG KONG and SHANGHAI, June 26, 2024 /PRNewswire/ — Ping An Asset Management Co., Ltd. (PAAMC) is ranked 33rd in the world in Top 500 Asset Managers 2024 list from Investment & Pensions Europe (IPE), up three spots from last year. It is ranked number 3 in Asia. PAAMC, established in 2005, is a subsidiary of Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An“, the “Company” or the “Group”, HKEX: 2318 / 82318; SSE: 601318).

This is the fifth consecutive year PAAMC has been on the list, and fourth consecutive year in the top 50. Entrusted with Ping An’s insurance funds, PAAMC provides comprehensive third-party asset management services and one-stop investment management solutions to domestic and overseas customers. As of December 31, 2023, PAAMC’s assets under management (AUM) amounted to RMB5.03 trillion. In 2023, PAAMC became a signatory of the UN-supported Principles for Responsible Investment (PRI) in the Investment Manager category.

Jacqueline Zhang, Deputy General Manager of PAAMC, said: “This ranking not only helps asset owners such as global pension funds to understand Chinese asset management companies and consider asset allocations in the Chinese market, but also opens the door for cross border cooperation between international asset management companies and Chinese companies. As a comprehensive asset management company with both global perspective and local experience, PAAMC will continue to benchmark itself against top international standards, provide professional and high-quality asset management solutions to customers and partners around the world, and contribute to the long-term prosperity and development of China’s capital market.”

There are 52 Chinese asset management companies included in this year’s IPE ranking, with a total AUM of RMB72.4 trillion as of the end of 2023. The increasing number of Chinese companies and AUM show the strong growth of China’s asset management industry.

IPE is a London-headquartered international media company focusing on institutional investors and pension management. It has earned a strong reputation among global institutional investors and pension fund managers. Each year, IPE assesses insurance, asset management, wealth management subsidiaries and fund management companies around the world and issues reports based on research and publicly available market data. Their reports are seen as the benchmark of the global asset management industry.

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services, Under the technology-driven “integrated finance + health and senior care” strategy, the Group provides professional “financial advisory, family doctor, and senior care concierge” services to its 234 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses’ quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of 2023, Ping An had RMB11,583,417 million in total assets. The Group ranked 29th in the Forbes Global 2000 list in 2024 and 33rd in the Fortune Global 500 list in 2023.

For more information, please visit www.group.pingan.com and follow us on LinkedIn – PING AN.

About Ping An Asset Management

Ping An Asset Management Co., Ltd (“PAAMC”), established in 2005, was among the first insurance asset management companies approved by the National Financial Regulatory Administration (formerly known as China Banking and Insurance Regulatory Commission) at that time. It is headquartered in Shanghai with registered capital of RMB1.5 billion. PAAMC not only manages Ping An Group’s insurance funds, but also provides comprehensive third-party asset management services. PAAMC offers diversified one-stop investment management solutions to both domestic and overseas clients. In 2023, PAAMC became a signatory of the Principles for Responsible Investment (PRI) in the Investment Manager category. As of the end of December 2023, PAAMC had RMB5.03 trillion in assets under management, including stocks, bonds, funds, multi-asset allocation, debt and equity stakes on open and non-open capital markets as well as money markets. It has capabilities in cross-market asset allocation and full-spectrum asset investment.

View original content:https://www.prnewswire.com/apac/news-releases/ping-an-asset-management-up-to-no-33-in-top-500-asset-managers-2024-302182972.html

SOURCE Ping An Insurance (Group) Company of China, Ltd.

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CoolIT Welcomes Jason Waxman as CEO

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CALGARY, AB, April 22, 2025 /PRNewswire/ — CoolIT Systems (“CoolIT” or the “Company”), the world leader in AI and high-performance computing liquid cooling systems, today announced the appointment of Jason Waxman as CEO, effective immediately. CoolIT COO Patrick McGinn will also expand his role and become President and COO of the Company.

Waxman brings over two decades of experience driving innovation, growth, and operational excellence in the data center industry following his 20+ year tenure at Intel Corporation. He joins CoolIT from Fluke Corporation, the world leader in compact professional test and measurement tools, which he led for three years as President. Waxman was also a founding board member of the Open Compute Project, a collaborative community focused on redesigning hardware technology to efficiently support the growing demands on compute infrastructure. 

“I’m honored to join the talented CoolIT team at such a pivotal moment, as the company’s technology plays an increasingly critical role in facilitating sustainable data center growth and enabling the global expansion of AI platforms,” said Waxman. “I believe that CoolIT’s strong history of innovation will serve as a great foundation for future growth, and I am excited to help take this company to new heights.”

Patrick McGinn has been with CoolIT for over 13 years in various leadership roles across product strategy and business operations. In his new role as President and COO, he will work closely with Jason to shape the direction of the company.

“CoolIT is at the forefront of enabling sustainable, high-performance computing, and Jason’s experience and vision will help us lead the next wave of data center innovation,” said Patrick McGinn. “I look forward to working with Jason and the entire CoolIT team as we continue to scale globally, deepen our industry partnerships, and bring advanced direct liquid cooling solutions to more customers worldwide.”

CoolIT’s end-to-end direct liquid cooling products are essential to operating current and future generations of AI data centers. The company’s investments in manufacturing support the rapid build-out of production capacity to support the world’s top AI cloud service providers and leading semiconductor and server manufacturers.

“Jason is deeply committed to CoolIT’s longstanding mission of serving as a trusted, innovative partner to its customers across the rapidly growing global data center market, and we’re thrilled to welcome him to the team,” said Kyle Matter, Chairman of CoolIT’s Board of Directors and Head of KKR’s Global Impact team in North America. “Jason’s background in industrial technology and data center innovation will be incredibly valuable as CoolIT enters its next chapter.”

About CoolIT Systems 

CoolIT Systems specializes in scalable liquid cooling solutions for the world’s most demanding computing environments. A 24-year pioneer in microprocessor liquid cooling systems, CoolIT’s technology cools over 5 million GPUs and CPUs globally.

CoolIT partners with global processor and server design leaders to develop the most efficient and reliable liquid cooling solutions for their leading-edge products.

Through its modular direct liquid cooling (DLC) technology, CoolIT enables dramatic increases in rack densities, component performance and power efficiencies. Together, CoolIT and its partners are leading the way for the widespread adoption of accelerated and advanced computing. 

For more information about CoolIT Systems and its technology, visit https://www.coolitsystems.com/ and follow @CoolIT Systems on LinkedIn.  

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SOURCE CoolIT Systems Inc

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Reins announces partnership with CEO Warrior

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Now a preferred partner, the leading provider of alternative equity solutions will introduce its innovative employee incentives to CEO Warrior’s vast network of skilled trades businesses

LAS VEGAS, April 22, 2025 /PRNewswire/ — Reins, a pioneering technology firm dedicated to empowering privately owned businesses through alternative equity solutions, announces a new agreement with CEO Warrior, a nationally recognized business development, training and implementation organization for the home service business industry.

With the new agreement in place, Reins will be a preferred partner for businesses that leverage CEO Warrior’s expansive network of resources—positioning them to be the top provider of employee incentive programs for skilled trade companies across the country.

“CEO Warrior teaches home service business owners how to achieve scalable growth—and a big part of that is incentivizing the retention of key employees and top talent,” said Chris Buttenham, co-founder of Reins. “Reins’ alternative equity solutions are well-suited to this task, and we’re pleased to work with CEO Warrior to expand adoption of those solutions throughout the skilled trades.”

With innovative solutions like the Modern Agreement for Rewards and Equity (MARE) program, Reins provides small business owners with unique options to incentive employee longevity and performance, providing a sense of “skin in the game” through long term phantom stock offerings. Phantom stock allows business owners to provide their employees with the benefits of ownership without the headaches of traditional equity ownership.

“Our agreement with Reins confirms our commitment to helping home service companies grow through cutting-edge solutions,” said Caroline Moriarty, Director of Business Development at CEO Warrior. “We encourage our clients to consider all the options for keeping their best employees on board, including these forward-thinking approaches to equity.”

For more information about Reins, visit https://www.myreins.com.

About Reins
Reins is an innovative platform that empowers privately-owned businesses to retain key employees effectively by offering owner-like benefits that incentivize employees to contribute to the long-term success of the business. Founded in 2023, Reins’ mission is to help independent businesses remain productive and growing. Reins’ proprietary solution, the Modern Agreement for Rewards and Equity (MARE) program was built by attorneys and is customizable to meet each business owner’s needs. Every plan is legally binding and stored safely in the Reins software for compliance. Using the MARE program, business owners can create and execute a tailored program within minutes. For more information about Reins and the MARE program, please visit https://myreins.com/.

MEDIA CONTACT:
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com

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SOURCE Reins

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Tacoma home service experts: Scheduling air conditioning maintenance should top spring home checklist

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Harts Plumbers, Electricians & HVAC Technicians warn that skipping annual checkups can result in higher energy costs and more breakdowns in the heat of summer

TACOMA, Wash., April 22, 2025 /PRNewswire/ — With warmer temperatures on the horizon, Harts Plumbers, Electricians & HVAC Technicians, a top-rated home services provider founded in 2013, urges homeowners to schedule their air conditioning unit’s annual maintenance inspection for improved efficiency and to prevent unexpected breakdowns.

“Spring is the best time to schedule your air conditioning system checkup before the days get too hot,” said Richard Hart, co-owner of Harts Plumbers, Electricians & HVAC Technicians. “You also may discover that you need to get a part or have something fixed. By having a check-up in the spring, you won’t have to suffer in the summer heat until your A/C unit is repaired.”

Hart said that having preventative maintenance once a year also saves homeowners money on their summer cooling bills.

“A well-maintained A/C unit runs more efficiently, which leads to lower energy consumption,” he said. “With electricity rates going up by as much as 20% in many parts of the country, anything you can do to keep costs down is important.”

Hart said an annual checkup can also:

Extend the lifespan of the air conditioning unitImprove the home’s indoor air qualityHelp maintain the manufacturer’s warranty

“Having a tune-up performed on your A/C unit should be added to a homeowner’s spring projects checklist,” Hart said. “While you’re doing your spring cleaning and sprucing up your yard, you should also make sure your A/C is ready for the hot summer ahead.”

For more information about Harts Plumbers, Electricians & HVAC Technicians, visit www.hartsservices.com or call (253) 470-8766. To read more about the benefits of having annual air conditioning maintenance, read our blog here: https://hartsservices.com/blog/spring-cleaning-ac-maintenance/.

About Harts Plumbers, Electricians & HVAC Technicians
Harts Plumbers, Electricians & HVAC Technicians was founded in Tacoma in 2013 by co-owners Richard Hart and Dan Hartsough. Home of the Forever Warranty, Harts Plumbers, Electricians & HVAC Technicians offers residential plumbing, HVAC and electrical solutions and has a 4.9/5 rating on Google. Guided by its motto, We Care More, the company is committed to incorporating a caring attitude into every aspect of the business. Harts Plumbers, Electricians & HVAC Technicians earned the Silver Award for Electrical Service in the 2023 Best of the PNW and was named to the Inc. 5000 in 2024. For more information, call (253) 470-8766 or visit www.hartsservices.com.

MEDIA CONTACT:
Heather Ripley
Ripley PR
865-977-1973
hripley@ripleypr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/tacoma-home-service-experts-scheduling-air-conditioning-maintenance-should-top-spring-home-checklist-302433486.html

SOURCE Harts Plumbers, Electricians and HVAC Technicians

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