global cloud xchange ( gcx ) a subsidiary of reliance communications , offers a comprehensive portfolio of solutions customized for carriers , enterprises and new media companies across the world ’s largest private undersea cable system spanning more than 67,000 route kilometres ( “ rkm ” ) , integrated with reliance communications ’ 200,000 rkm of domestic fiber-optic backbone .

with connections to 40 key business markets worldwide spanning asia , north america , europe and the middle east , gcx is equipped to support businesses through the deployment of next generation enterprise solutions across its cloud delivery networks .

global cloud xchange

glassdoor has 72 global cloud xchange reviews submitted anonymously by global cloud xchange employees . read employee reviews and ratings on glassdoor to decide if global cloud xchange is right for you .
global cloud xchange ( the former reliance globalcom ) plans to use its extensive fiber holding to support a global cloud ecosystem .
global cloud xchange ( gcx ) said that it has shortlisted three vendors for the construction of its india cloud xchange ( icx ) subsea cable .
glassdoor has 9 interview reports and interview questions from people who interviewed for jobs at global cloud xchange . interview reviews are posted anonymously by global cloud xchange interview candidates and employees .
i applied online . i interviewed at global cloud xchange ( mumbai ) in july 2016 .
glassdoor gives you an inside look at what it ' s like to work at global cloud xchange , including salaries , reviews , office photos , and more . this is the global cloud xchange company profile . all content is posted anonymously by employees working at global cloud xchange .
ask a question about working or interviewing at global cloud xchange . our community is ready to answer .
i applied through an employee referral . the process took 2 days . i interviewed at global cloud xchange .
i applied through an employee referral . i interviewed at global cloud xchange ( mumbai ) in july 2013 .
cloud x will enable enterprise customers to set up global links instantly via a web portal , and provision access to global cloud services and cloud hosted business applications .
, ceo of global cloud xchange .
with our global infrastructure and direct connectivity in more than 90 countries , gcx provides mission - critical cloud connectivity from the developed markets of
global cloud xchange ( gcx ) today launched a
new cloud ecosystem
to deliver enterprise - class cloud services , applications and content across its
world ' s largest
privately owned global fiber optic network .
bill barney , ceo of global cloud xchange , introduces the firm ' s new platform
cloud x
and discusses concerns related to user security .
now about that name . . . . global cloud xchange is so long , will we be using gcx as shorthand before long ? reliance gcx ? gc xchange ?
prior to joining global cloud xchange , ms . de verneuil was a senior corporate lawyer at shearman & sterling llp in
i applied through a staffing agency . the process took 8 weeks . i interviewed at global cloud xchange ( mumbai ) .
i applied online . the process took 1 day . i interviewed at global cloud xchange ( mumbai ) in october 2015 .
i applied through an employee referral . i interviewed at global cloud xchange ( mumbai ( india ) ) in july 2013 .
bill barney , ceo of global cloud xchange , discusses the firm ' s newly - launched trans - pacific undersea cable network .
global cloud xchange , a provider of business communications services , plans to sharpen its focus on china and other emerging markets as it builds an extensive “cloud computing” infrastructure .
reliance globalcom has changed its name to global cloud xchange , a move that coincides with its plan to deliver the world ' s
first true cloud ecosystem globally .
i applied online . the process took 2 + months . i interviewed at global cloud xchange ( denver , co ) in august 2014 .
gcx ' s new platform consists of a global integrated network that supports
cloud nodes
that serves up cloud services .
hear how global cloud xchange deployed with equinix a successful interconnection first strategy which enables them to deliver connectivity and ultimately content to end user through isp , network services or via the cloud .
1 . quarterly reviewoctober - december 2015 the quiet revolution in bits and bytes . . . global cloud xchange ramps up oceania footprint with new points of presence across australia and new zealand p . 2 zscaler partners with global cloud xchange to boost internet security for enterprises globally p . 3 global cloud xchange expands singapore - india connectivity to support digital transformation and economic growth of india p . 4 new gcx leadership in the mea region p . 4
hong kong , june 17 , 2014 / prnewswire / - - global cloud xchange today announced the appointment of fabrizio civitarese as president of asia pacific .
i applied through a recruiter . the process took 4 + weeks . i interviewed at global cloud xchange ( london , england ) in october 2012 .
drive superior it performance on your own cloud , a cloud with plenty of horsepower .
“our expansion across key data centres in australia and new zealand further enhances our global network and cloud capabilities to meet the ever - increasing demand for global collaboration , the adoption of cloud , and open up new markets for our customers , ” said dave pearson , managing director of australia and new zealand , global cloud xchange . “anz based enterprises can now securely connect to our global network and access public cloud providers worldwide . ”
global cloud xchange has data centre operations in 45 countries . it will be investing in additional facilities and other key infrastructure in 12 markets this year to support the cloud delivery capabilities of its customers .
i applied online . the process took 2 + months . i interviewed at global cloud xchange ( denver , co ( us ) ) in august 2014 .
i applied online . the process took 1 day . i interviewed at global cloud xchange ( new york , ny ( us ) ) in august 2013 .
how much do global cloud xchange employees make ? glassdoor has salaries , wages , tips , bonuses , and hourly pay based upon employee reports and estimates .
singapore , august 21 , 2015 – global cloud xchange ( gcx ) , a subsidiary of reliance communications ( rcom ) , to expand singapore - india connectivity to a broader base of global enterprises and carriers .
bill barney , ceo of global cloud xchange ( gcx ) , discusses the construction of a new undersea cable that will expand the connectivity between singapore and india .
i applied through a recruiter . the process took 4 + weeks . i interviewed at global cloud xchange ( london , england ( uk ) ) in october 2012 .
“what this does is to enable arbitrage of compute and storage facilities around the world , ” global cloud xchange ceo , bill barney , told a press briefing in sydney .
i applied through an employee referral . the process took 1 + week . i interviewed at global cloud xchange ( london , england ( uk ) ) in april 2014 .
keep up the great work . global cloud xchange is on a path to not only financial success but also to cultural success which is a much hard thing to achieve .
“submarine cable vendors and additional partners for the icx subsea cable are being finalized . global cloud xchange will announce the awarding of the supply contract by the third quarter of 2014 .
global cloud xchange ( gcx ) , a subsidiary of reliance communications ( rcom ) , has won “excellence in connectivity for data centers” award at the inaugural datacloud asia in singapore .
7 . thecloud , revolutionizedwith unsurpassed strength in our global network assets and managed services expertise , global cloud xchange is a leading edge technology company that sits at the crossroads of where the future clouds will migrate . www . globalcloudxchange . com
with singapore as a regional hub and gateway for multinational companies doing business across india and emerging markets , the icu ( india cloud xchange ) cable will complement gcx global network infrastructure for direct connectivity to major centres in asia , middle east , north america and europe ,
global cloud xchange ( gcx ) chief executive officer bill barney said in a statement .
submarine cable arm of reliance communications , global cloud xchange today announced raising about rs 2 , 100 crore ( usd 350 million ) through a debt bond from overseas market mainly to refinance debt .
“providing mission - critical networks to global logistics providers , especially those who are often dependent on high - performance and cost - effective connectivity , is what global cloud xchange has been doing for more than 30 years , ” said andré schadt , general manager central and eastern europe , global cloud xchange . ”our hybrid approach to infrastructure sourcing will continue to support havi and drive its data - based services across the complex supply chains of some of the world’s leading brands . ”
global cloud xchange will build more and smarter data centers , integrate its key international assets with a focus on ip and cloud services , and play at the center of the next - generation internet , which barney called a triumvirate of mobile , search and social .
ecosystem together with google cloud interconnect enables users to move workloads with high network performance and security on a truly global scale .
global cloud xchange , a subsidiary of india’s reliance communications , has ramped up competition in wide area software defined networking services in australia and new zealand with the launch of its cloud x service , to be delivered from new pops in sydney , perth , melbourne and auckland .
fabrizio brings a wealth of telecom and sales experience to our team ,
said bill barney , ceo , global cloud xchange .
we are pleased to have him at the helm of building our business across asia pacific .
cloud x offers on - demand low - cost cloud services . users can deploy cloud servers and applications and manage lifecycle of these resources online , the company said .
cloud x is changing the paradigm of cloud computing . the network must now undergo a profound transformation , from a static entity to a dynamic , intelligent , applicationaware fabric that can support multiple traffic requirements , diverse geographies and flexible pricing models ,
rcom ( enterprise ) and global cloud xchange ceo bill barney said . cloud x is designed to deliver not only infrastructure provisioning but deployment of complex multi - tiered enterprise applications directly on to enterprise networks in minutes .
nextdc limited ( asx : nxt ) , australia’s leading data - centre - as - a - service provider today announced that global cloud xchange ( gcx ) , a subsidiary of reliance communications ( rcom ) , has expanded their global footprint into australia with a presence in nextdc’s m1 melbourne and s1 sydney data centres .
with over 22 years of experience in the telecommunications industry , prior to joining global cloud xchange , mr . civitarese held various senior positions in the telecom italia group in italy and europe and led projects in the middle east and south america .
global # connectivity solutions powering the # cloud . world’s largest private # subseacable network . # wan , # managedservices with # sdwan , # iptransit
introducing eagle , a new state - of - the - art subsea cable system meeting growing cloud infrastructure and capacity demands from global enterprises and otts .
, ceo , reliance communications ( enterprise ) and global cloud xchange .
vineet brings almost two decades of industry experience to this role and we are confident that we will continue to deliver exceptional value to our customers and achieve new milestones under his leadership .
the company ' s roadmap from there includes accelerating global connectivity between 2014 and 2016 by enhancing the fiber connectivity under the cloud exchange and shifting its largest enterprise and carrier partners into the
fiber - connected universe of the cloud .
global cloud xchange provided me much needed exposure to work and responsibilities of a professional network engineer . it is a great place to launch one ' s career in networking field as exposure one gets to various technologies helps in creating solid foundation for future career in networking field .
amazon is only one option , and there has to be other options ,
said barney . while this may mean quite a fight in the united states , global cloud xchange has the advantage of already having a footprint in such underserved markets as saudi arabia and india .
mr . civitarese joined global cloud xchange ( formerly flag telecom and reliance globalcom ) in june 2000 as strategy and corporate development director for asia pacific . since 2002 , he served as vice president of sales for the region and was instrumental in delivering significant growth to the business .
offering enterprise grade connectivity with direct access to google cloud platform . gcx ' s
are you ready to enable your multi - cloud or hybrid - cloud strategy ? whether you need to move workloads off premises , connect multiple data centers or multiple clouds , or just ensure resiliency to your hybrid - cloud deployments . we offer a more reliable , easier , and secure way to connect to the cloud .
enterprises of all sizes are leveraging public cloud computing to complement their it efforts .
over the next 12 months , the company plans to launch more than 20 cloud exchanges that will
move the digital universe of the enterprise into the cloud .
barney said global cloud xchange did not intend to get into the data centre business , which he predicted would become commoditised and“largely focussed on jurisdiction [ where data can be stored ] and places that are effective for data centres , based on power , climate and connectivity to the rest of the world . ”
enjoy the convenience of tiered managed services with single - source support atop cloud infrastructure .
“the new icx fiber system , which runs approximately 5 , 060 kilometers between mumbai and singapore , will also have a branch landing in trivandrum and / or chennai . this will support creation of a next generation ip and cloud environment held together with a single as number and connecting into tier iii + data center facilities on the ground , ” said wilfred kwan , chief operating officer , global cloud xchange .
we believe we will be one of the most disruptive companies in the next five years because we will become the fabric that enables the global cloud ,
barney added .
our new infrastructure will accelerate cloud traffic across the world , facilitate global content and application distribution , enable enhanced customer experience , and transform the way people think about rolling out applications and services .
computerworld live on - premise and public cloud : - getting the best of both worlds .
about reliance globalcom reliance globalcom brings together the synergies of reliance communications global business encompassing capacity sales , managed services and a portfolio of products & services comprising of global voice , internet solutions and value added services .
about reliance globalcom : reliance globalcom brings together the synergies of reliance communications global business encompassing capacity sales , managed services and a portfolio of products & services comprising of global voice , internet solutions and value added services .
everything is moving to the cloud . or is it ? in fact , many applications are far from cloud - ready , and some never will be . but almost every new application will be cloud - enabled . how do you evolve your data centre into a private cloud and drive hybrid it by connecting to public clouds , and still cater for the needs of your legacy software ?
gcx will acquire capacity on the tic cable between singapore and chennai . it would be extended to the seven indian capital cities on gcx domestic network within india . this terrestrial and submarine network will play a key role in reliance’s expansion of its cloud xchange ( cloud x ) nodes which will be the terminal points across this new network .
) - - global cloud xchange ( gcx ) , a subsidiary of india’s integrated telecommunications service provider reliance communications ( rcom ) , today announced the renewal for an agreement with havi to provide a fully - managed , end - to - end hybrid network solution — connecting more than 70 of its sites across its logistics business within western and eastern europe .
remarks by shri anil d . ambani at global investors ' summit -
make in india for defence sector
daily video : google slammed for cutting off cloud platform customer without warning ; dell going . . .
lucene in the cloud : learn how gce leveraged the power of search and big data . . .
ms . wong also served as head of marketing and communications for qwest asia and global one asia pacific . her earlier roles include director of partnership marketing and director of communications for at & t global consumer services in southern california .
saving money on the testing for new development applications and the need to transfer large data sets to and from your network are but a couple of reasons why a digital realty cloud interconnection solution can help within the data center ecosystem . private connections to the amazon web services and google cloud platform clouds are available to our customers with either an aws direct connect , a google cloud interconnect or oracle cloud fastconnect respectively .
at a lunch in sydney yesterday ceo bill barney of reliance’s global network division was showcasing their cloud services for australian customers and showed how the quest for profits is moving telcos into areas like data centres and managed services .
global cloud xchange owns the world’s largest private undersea cable system spanning more than 67 , 000 route kms which , seamlessly integrated with reliance communications’ 200 , 000 route kms of domestic optic fibre backbone , provides connections to 40 key business markets worldwide spanning asia , north america , europe and the middle east , and enables gcx to deliver managed services to more than 160 countries .
mumbai / singapore , 19 june 2014 : global cloud xchange ( gcx ) today announced its latest investment into the asia pacific region . the new icx cable infrastructure is part of the company’s strategy to provide a direct subsea route to bridge an important gap in the emerging markets corridor , specifically delivering a direct mumbai - singapore route to bypass current outage prone terrestrial routes between mumbai and chennai .
vanina has a diverse legal background and extensive experience working with both established and emerging growth companies . her global perspective and acquisition experience is a great match for our business as we actively pursue our long - term global growth strategy ,
said
called cloud x , the cloud ecosystem is said to simplify infrastructure provisioning . it also enables speedy deployment of complex multi - tiered enterprise applications directly on to customer ' s enterprise networks in minutes , rather than months .
the new cloud x platform will provide cloud distribution capability in europe , the middle east and asia - - the markets that gcx expect to see the biggest growth in internet usage and content consumption over the next decade .
these
cloud nodes ,
according to gcx vp of product and services vineet verma , are essentially points of presences made of switches . together they help connect the enterprise applications to the cloud and its submarine cable system .
cloud x fusion is part of gcx ' s cloud x portfolio , a proprietary platform designed to seamlessly combine the speed and power of fiber optics with the agility , flexibility and cost - efficiencies of
pay - as - you - go
cloud computing ; available globally and controlled by a simple - to - use user portal .
cloud x brings competition to telstra’s pen service , the former pacnet enabled network , acquired by telstra in early 2015 .
cloud computing has seen its growth explode dramatically since its initial introduction to the mainstream market . it’s estimated that by 2020 , the cloud computing market will exceed $ 241 billion . but where did it come from and how has it evolved ?
global cloud xchange changed its name from reliance globalcom , but did not follow through by offering any cloud services as it had announced . additionally , it had a very limited u . s . network capacity and was really only competitive in india and emerging countries where it owned cable infrastructure . in the time i was there , it went from the lower left quadrant on gartner ' s magic quadrant , to being completely removed from the report . when selling to a cio , for example , lacking 3rd party endorsements and a limited customer reference base created a very challenging sales environment .
for the last few years reliance globalcom had been on the auction block in various forms as the parent company was hunting for ways to monetize it and thus relieve its own balance sheet pressures . that long and unsuccessful effort ended with bill barney ' s arrival , as did globalcom ' s , shall we say , restrained efforts to market itself . with the rebranding as global cloud xchange , the former pacnet ceo is clearly on board to shake things up .
as general counsel . ms . de verneuil will serve on the company ' s executive leadership team assuming responsibility for global corporate and legal affairs .
the deployment offers media companies global access and full workflow orchestration through the broadcast as a service ( baas ) suite of software solutions by bmc .
the global networking arm of india ' s reliance communications has unveiled a new look , and it ' s not a minor makeover . reliance globalcom has
launch that the company would achieve full deployment of its next - generation content and cloud delivery network by the end of this year .
“we aim to deliver the world’s true cloud ecosystem globally , ” chief executive bill barney said in an interview before the firm’s rebranding launch .
“we are living in an era where mobile applications , social media , key technology drivers and applications will exponentially boost the volume of digital information being shared every second . our new cloud ecosystem means delivering an interwoven portfolio of infrastructure and data centre solutions with sophisticated cloud orchestration capabilities . ”
in this respect , the reliance global cloud exchange differs from similar plays like telstra’s pacnet network across east asia – which barney previously headed – in that it offers services higher ‘up the stack’ making it easier for companies to deploy smart applications , something barney sees as being particularly attractive to the media and financial industries .
“we are pleased to utilize the existing subsea cable infrastructure to deliver immediate capacity to meet growing requirements of our global business customers , ” said bill barney , ceo of reliance communications ( enterprise ) and gcx . “this will also support our digital backbone as we complete deployment of our cloud x nodes across india . ”
he claimed that there was a massive and rapid shift of organisations’ it resources into the cloud , and that this had caught many cios off guard .
ultra - high bandwidth services up to 100gbps , facilitating the mass movement of internet traffic , ott content , and enterprise data and cloud computing services .
in addition to the 27 application providers directly connected to cloud x , barney said there were an additional 460 that could sell their wares through the network .
in the beginning we ' ll be a facilitator , but eventually we ' ll be a cloud operator in its own right ,
said barney .
global network infrastructure for direct connectivity to major business centres in asia , middle east , north america and europe . ’ as previously reported by telegeography’s cable compendium in june 2014 ,
we confidently expect this acquisition to significantly enhance the growth rate , profitability and returns of our global data business ,
stated reliance chairman anil ambani in a prepared statement .
gcx’s scalable global ip and mpls network provides direct interconnections to third - party networks , with a managed network services platform that connects approximately 27 , 000 sites in 158 countries .
the good news : the digital realty cloud ecosystem , along with solutions such as our connected campus , and service exchange , powered by megaport , are eliminating some of the complexities in hybrid - and multi - cloud adoption by bringing all the critical data center , network and connectivity options into a single , secure environment .
william barney , ceo @ globalcloudx opens keynote with mention to steve jobs and how the late apple founder predicted cloud would take over . # dce18 @ datacloudeurope urltoken
“havi is passionate about delivering what we promise to our customers and that is why we need to make sure that the services we offer them when managing their supply chain is backed up by reliable technology solutions” , said damian fazackerley , vice president , global it services management for havi’s logistics service line . “gcx’s flexible , high - availability managed wan solution and its hybrid approach of combining the company’s privately - owned global network with best - of - breed , third - party infrastructure , help us to serve our global customer base with improved reliability” , he added .
dcd is a global b2b events and media company , delivering unmatched insight and networking , to help the professionals driving the data center scale it infrastructure sector to make better strategic and operational decisions .
singh will have overall responsibility for the global product portfolio across rcom enterprise and gcx . in addition , he will also manage the company’s national long distance ( nld ) and data center businesses .
gcx ' s first two nodes , in hong kong and palo alto , us , are already up and running with eight compute nodes and one storage nodes . at present , gcx is installing the london cloud node . by mid - 2015 , gcx will have installed 20 + cloud nodes , aligned with an
automated orchestration layer .
“in the next four to eight months we will bring the company together as a single company , focusing more on ip ( internet ) services ( and ) ‘cloud’ services , in addition to our cables , which have been critical , but if you think where the internet is going , it’s largely around fibre and cloud , ” said barney .
he said it was important to support cloud services growth in china and other emerging markets , because they had become the centres of international outsourcing , manufacturing , commerce and internet services .
“over the next 12 months , we will launch over 20 cloud exchanges into what we call forward operating centres that we will partner , own or build , ” barney said . “these will connect to our storage operating centres located in low - rent , optimal cooling locations . we will also roll out a full suite of cloud services in 44 countries later this year . ”
as for target segments , gcx focuses more on next - generation ott type of services , which are global in scale .
we focus more on the emerging parts of the world , because most people in the emerging markets can ' t afford the pc or a smart phone ,
barney added .
for cloud operators , we are the perfect guys to play in that space . over time , you ' ll see that the populations in places like dubai , saudi arabia , iran will come onto the internet using a tablet - - a very cheap tablet and the cloud .
around the world incumbent telcos and mobile network operators have responded by moving up the value chain into managed services and cloud computing and one particularly interesting company in this respect is india’s reliance telecom .
, enterprises can use ethernet or mpls vpn to securely connect their on - premises network , data center or any other network resources via gcx ' s private network directly to google cloud interconnect .
, was worth $ 9 . 4 billion in 2006 , up from $ 5 . 7 billion in 2005 . the research firm predicts the global ethernet services market will be worth more than $ 25 billion in 2010 .
speed matters more than ever in designing an efficient cloud computing solution , as the ability to quickly deploy go - to - market strategies is a competitive advantage that can directly impact your bottom line .
the acquisition of vanco is in line with reliance globalcom ' s vision to create one of the top five global datacommunications enterprises in the world ,
reliance communications chairman , anil ambani said in a statement on monday .
, no new products , no care takibg of customers or employees . no dalary raise . no training and certification and growth . the name gcx now with no active cloud product . technology is stone aged
ms haspilaire joins gcx with more than 25 years of experience in general management , global strategy , business development , sales and marketing , hr and customer services . most recently , she was vice president of sales for the americas (
i knew something dramatic was probably in the pipeline ever since they brought in the effusive bill barney to lead the company in january . if the name didn ' t give it away already , the company is aiming squarely at the cloud by hoping to provide the pipes and data services that connect cloud nodes to other cloud nodes and to the enterprises that will use them . but they are also talking more about data center investments than i have heard in the past , with expansion plans foreshadowed in asia and the middle east . the details behind all this will take some time to emerge i ' m sure .
mr . cole will have overall responsibility for global finance including management , planning and strategic initiatives . he previously served as chief operating officer of reliance globalcom ' s data and voice business units focused on providing services to carriers and isps globally .
, gcx delivers managed services to more than 160 countries and offer extensive vpls - enabled ethernet network capabilities globally . gcx is equipped to support businesses through the deployment of next generation enterprise solutions across its cloud delivery networks .
reliance globalcom owns the world ' s largest private undersea cable system spanning 65 , 000 kms seamlessly integrated with reliance communications over 190 , 000 kms of domestic optic fiber provides a robust global service delivery platform connecting 40 key business markets globally . in addition , the company ' s global vpls enabled ethernet network capability serves india , the united states , europe , middle east and the asia pacific region . it has also acquired vanco group , enabling the company to provide managed services to over 230 countries and territories across the globe .
reliance globalcom owns the world ' s largest private undersea cable system spanning 65 , 000 kms seamlessly integrated with reliance communications over 190 , 000 kms of domestic optic fiber provides a robust global service delivery platform connecting 40 key business markets globally . in addition , the company ' s global vpls enabled ethernet network capability serves india , the united states , europe , middle east and the asia pacific region . it has also acquired vanco group , enabling the company to provide managed services to over 230 countries and territories across the globe .
pen and cloud x are both early players in the growing market for software defined wide area network services , and barney predicts a massive shift in the use of networks from provision of communications to the provision of access to compute and storage resources .
prior to pacnet , mr . kwan served as director of operations for worldcom asia pacific , responsible for overall operational efficiencies such as mttr , on - time delivery and operations cost . he has also held various management positions with global one , lucent technologies , motorola and nortel .
for instance , these cloud xchange nodes can help government departments access 240 times the amount of compute power currently available in government data centers , and over six times the high - speed storage currently available in india , according to the company . reliance group with its 11 data center facilities has a total capacity of over 600 , 000 sq ft across the country . the data centers are connected by india’s largest terrestrial fiber network and the world’s largest submarine sub - sea cable infrastructure , already constitute a vital core of india’s digital backbone and a mission - critical component in the digital transformation of india , the company said .
cloud computing enables enterprises to buy , lease , sell or distribute over the internet a range of software , business systems and other digital resources as an on - demand service , like electricity from a power grid . such resources are hosted in data centres .
for each of these companies , diversifying into other fields makes sense however each strategy brings its own risks – in reliance and telstra’s cases this means competing with cloud services vendors like amazon and microsoft – that telcos haven’t been exposed to in their core markets .
reliance globalcom , the submarine cable arm of reliance communications ( rcom ) has successfully integrated the hawk cable system with its global network , the economic times reports . the hawk cable has landing stations in marseille ( france ) , yeroskipos ( cyprus ) and alexandria , egypt , where it connects to globalcom’s
ceo bill barney , at a new york city press event march 18 , said that consumers have driven the next generation of internet services and that everything is going into the cloud , where every kind of company around the work has realized it can cut it costs .
earlier , mr . verma served as head of product and managed solutions of gcx , where he was responsible for driving product development and managing the global operations team . he was also instrumental in leading the transition of various functions in the integration of the former flag , vanco and yipes businesses into gcx .
2 . 17–20 january 2016 hilton hawaiian village® waikiki beach resort | honolulu , hawaii ptc ' s annual conference is the asia - pacific ' s premier telecommunications event . now in its 38th year , the annual conference is a strategic springboard for the global telecommunications industry . the conference provides all attendees with a three - day platform to focus on planning , networking , and discovering what the new year will bring . reimagining telecoms will explore how ecosystem participants must reshape their strategies , revenue models , products and services , processes , customer relationships and regulatory strategies , and how every industry and organization adapts to an era of communications and computing abundance . featured keynotes monday 18 january 2016 houlin zhao secretary - general , itu switzerland hugh bradlow chief scientist , telstra australia katsumi nakata senior evp , ntt communications japan vinton cerf vp & chief internet evangelist , google usa tuesday 19 january 2016 bill barney ceo , reliance communications ( enterprise ) & global cloud xchange hong kong , sar china jill singer vp , national security , at & t government solutions usa wednesday 20 january 2016 koichi suzuki chairman & chief executive ofﬁcer , internet initiative japan inc . japan greg wyler founder , oneweb usa register now at ptc . org 914 coolidge street | honolulu , hi 96826 - 3085 | urltoken | ptc16 @ urltoken
he had committed to invest about rs 10 , 000 crore over the next few years to expand its presence across digital , data centres , cloud computing and telecom space . but , today , the company did not disclose the break up investment numbers for the data centers .
“we believe that as we build out our capabilities around the world , allowing people to access the cloud will be the most important thing we can do . because over the next 10 years enterprise usage of networks for computing will go from 15 - 20 percent today to 80 percent . ”
“it gives customers enterprise class access to apps from a suite of 27 applications and connectivity to any data centre on the planet that is connected to our network… it allows users to store information wherever they want to , and to access any cloud provider on our network anywhere in the world . ”
shanghai , hong kong , tianjin , kuala lumpur , bangkok , dubai and oman are among the key locations for the company’s network of “cloud exchanges” , the firm ' s version of advanced data centre complexes . it already has a data centre in hong kong , which it plans to upgrade .
telstra has since expanded coverage to a global network of 26 pops across the asia pacific region , europe and north america and in january 2016 announced the pen exchange and the pen marketplace . pen exchange allows pen customers go provided on - demand connectivity with other pen customers . pen marketplace allows users to add virtual applications such as firewalls and routers .
nextdc ceo craig scroggie commented , “the ability to access interconnection platforms like gcx’s is bringing new value to data centre operations , and when matched with the axon virtual exchange available in data centres across the country , offers seamless , on - demand network connectivity to a wide range of cloud and network providers . ”
while reliance’s claims are yet to be tested in the market , the company’s shift to higher level services illustrates a struggle facing all telecommunications operators . to do this , reliance and telstra look to global networks and data services , singapore’s singtel tries its hand at media content in a similar way to britain’s bt and vodafone makes a strong internet of things play .
it will drop these cloud exchanges into what it calls forward operating centers ( focs ) : high - density data centers with
strong fiber connectivity and internet gravity
that are located in cities and tech centers where they can have high customer engagement and growth to generate 80 to 90 percent of their cash from services .
ms wong joins the company with over 25 years of marketing , communications and media experience , most recently as vice president of global pr , corporate and internal communications at htc . earlier she served nine years as senior vice president of marketing and communications at pacnet where she established and built the company ' s corporate identity across asia pacific , leading to key industry recognitions .
based on current 100g technology , gcx will be able to deliver significant capacity across this important singapore - india route with possibilities to increase it in future based on technological advancements and market demand . this capacity will interconnect with rcom’s established network of data centers , connected by india’s largest terrestrial fiber network which also connects seamlessly into gcx’s global infrastructure –the world’s largest privately owned subsea cable system .
the network coverage of gcx and pacnet are very different . ours is a global network , as oppose to pacnet being an asia only network ,
barney explained .
in our business , we focus largely in the middle east , and through the eastern european quadrant , with our world ' s largest submarine cable network . by contrast , pacnet is really just an asia - only player .
as cloud computing becomes more prevalent , the network that supports it becomes ever more complex ,
said bill barney ( pictured ) , gcx ' s ceo .
the network must now undergo a profound transformation , from a static entity , to a dynamic , intelligent , application - aware fabric that can support multiple traffic requirements , diverse geographies and flexible pricing models .
research firm gartner places vanco among the world ' s top five managed global network players with over 220 multi - national customers , including british airways , siemens and virgin megastores . vanco has been rated the world ' s best network service provider for three years in a row since 2005 . its managed network services are available in over 40 , 000 locations across 163 countries with 90 % of its revenues from uk , us , france and germany .
one of the key endeavors at gcx over the past year has been the unification of our network assets into a coherent platform that we can provision and control from a single source ,
said wilfred kwan , coo , gcx .
this is part of a strategic realignment of our capabilities to support cloud networking requirements , including self - provisioning of network resources and bandwidth - on - demand .
r - comm recently acquired ewave world , a 4g operator focused on emerging markets across asia , latin america , western europe and africa . last year , reliance globalcom acquired us - based ethernet service provider , yipes holding inc for $ 300 million ( rs 1200 cr ) in 2007 . the company is investing $ 500 million ( rs 2 , 000 crore ) and $ 200 million ( rs 800 crore ) in 4g and global ethernet services respectively to expand its presence in over 50 countries .
“today most of the cloud capabilities are in western europe and the united states . they don’t exist in the high growth consumer markets , asia the middle east and eastern europe . those regions account for 45 - 50 percent of the population but 65 - 70 percent of the world’s youth . that is where the future growth is going to come from . but the reality is that the infrastructure does not exist in those places . they are the furthest behind . ”
at the heart of the market for two decades , dcd has built a global audience of over 1 million ict , engineering and technology professionals interacting with our market leading content and services , as they navigate the complexities of technology convergence . central to this community are over 20 , 000 highly influential professionals attending dcd’s world renowned events each year , across over 20 countries and four continents . this core audience is augmented through delivery of an unmatched portfolio of social , digital and print media – creating ongoing engagement around the globe with our wider community .
group websites - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - reliance group - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - reliance communications reliance digital tv global cloud xchange reliance globalcall - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - reliance capital rarcl reliance securities reliance pms reliance general insurance reliance life insurance reliance commercial finance reliance mutual fund - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - reliance infrastructure reliance energy reliance naval & engineering ltd reliance power reliance roads reliance epc reliance energy trading reliance mumbai metro nanded airport rinfra cgrf bses delhi - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - reliance entertainment reliance big entertainment reliance broadcast network reliance home video & games reliance animation reliance nd studio reliance synergy big 92 . 7 fm big adda big flix talent house reliance games zapak - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - kokilaben hospital kda nursing college harmony daiict
how do you make the right decisions as to how and where to host and manage your it assets ? cloud added not just a whole new set of choices to the decision , it has changed the way that it is consumed and paid for , and how it delivery can be aligned with business needs . to make hybrid it work effectively requires a level of computing capacity , connectivity , efficiency and resilience that most enterprise data centers simply cannot reach without prohibitive investment . join us on 8 march and let data4 , explain how they have used these increasingly common it pain points to shape their philosophy and their offering .
hibernia networks has activated service on six new long haul fibre routes in the north - east us . the new routes , which use ciena’s 6500 packet - optical platform , represent a multi - year effort to reduce latency and increase the diversity of the largest capacity terrestrial component of hibernia’s global network . the long - haul dark fibre routes provide two diverse paths from ashburn to hibernia’s landings in boston and halifax , more direct routing between new york and toronto and chicago and new york , and additional diversity through albany , thus avoiding existing critical infrastructure along the i - 95 corridor and adjacent markets . elsewhere in the us , zayo has kicked off construction of a new fibre route from salt lake city , utah to sacramento , california . the network expansion will add more than 800 route miles to zayo’s owned long haul network which currently spans more than 16 , 000 route miles across the united states and europe .
8 . news 6 cover storycover story urltoken urltoken the quiet revolution in bits and bytes . . . we are in the midst of a revolution – but most of us don’t know it . there are no tanks rolling through broken roads in shattered cities . no fiery protests of the hundreds of thousands of the committed and the affected . no changes of banknote portraits . it’s so quiet that people won’t realize what happened until it’s already changed their lives . this revolution has been televised . it’s just that few people are watching . welcome to the internet of things ( iot ) . built on the bedrock of cloud computing and networks of data - gathering sensors , it will change how we conduct business , invest , plan , consume , educate , heal and live . things will change us in ways we have yet to imagine . before long , sensor networks and iot systems
notable is the lack of the ' com ' piece of the name , or any other older reference to networking or telecom or fiber . of course the assets remain what they were : the 67k route miles of undersea cable that were once flag , the metro ethernet business that was yipes , the managed services portfolio that was once vanco , and the investments they layered on top of those over the years to bring it all together .
this company is not diverse in america and is only hiring overseas people . you should think about supporting diversity or don’t support a company that doesn’t .
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jaymie scotto cutaia : thank you rob ! it was an honor to have you moderate . and we will be releasing the manifestos from ea
mike jones : i forgot to mention alphabet / google / youtube which is now also creating original content .
bebbers : i hope at & t sells cnn , ratings are way down with no hope of recovery . maga !
anonymous :
private equity to ruin another telecom
just figured i would fix the headline for you .
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targeting at existing customers who are already on gcx network , cloudx provides bandwidth , compute and storage on - demand . this enables companies to test the market response on its business application , such as a mobile gaming app , on a pay per use basis , even in terms of hours . gcx also targets at ott players and those in the emerging markets , which are challenged by high network latency , weak internet connection and weak service level agreements .
gcx ' s current infrastructure includes 67 , 000 route kms subsea cables and mpls / ip networks which crisscross the majority of the world ' s continents . the company has also launched plans for its new pcx cable between the us west coast and japan , as well as the icx cable between india and singapore . gcx ' s current facilities , cable landing stations , data centers and point - of - presence ( pop ) sites , cover all major regions worldwide .
formerly called reliance globalcom , some of the senior management at gcx - - ceo , coo and cmo - - have held senior positions at pacnet . how would gcx ceo differentiate his company from pacnet ? do they compete on the same plane ?
the scope of services is also different .
gcx services are more about managed services businesses on top of submarine cable business , whereas pacnet ' s are more about point - to - point type of services , wide area network ( wan ) , and on transactional basis ,
he continued .
in terms enterprise customer base , the two companies have fairly similar structure .
a lot of pacnet ' s customers are smes and medium corporates ,
said barney .
the enterprise customers of gcx are larger and fewer . we have about 600 very large corporate customers , some pay us us $ 25 - 30 million a year . and they stay with us for four or five years .
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x ) nodes in delhi , mumbai , chennai , bengaluru and hyderabad and plans to launch 120 such nodes across the globe by end of 2015 .


the national pensions regulatory authority is a government of ghana statutory agency responsible for the regulation and policy development of pensions administration in ghana .

national pensions regulatory authority

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the national pensions regulatory authority ( npra ) would set its benchmark for assessing a pension fund manager .
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the national pensions regulatory authority was established by act 766 to regulate and monitor the operations of the three –tier scheme to ensure effective administration .
administer and invest funds of the scheme under general directions of board of trustees and approved by the national pensions regulatory authority ( npra ) .
the national pensions regulatory authority ( npra ) has appointed mr kofi anokye owusu - darko , a chartered professional administrator , as acting chief executive officer .
the national pensions regulatory authority ( npra ) has noted with concern , the ongoing discussion in the media , about the safety of th . . .
in recognition of their exceptional corporate governance structures and transparency shown in the administration of their pensions schemes , enterprise was awarded pension trustee board of the year the national pensions regulatory authority at the event conferred on three corporate trustees including enterprise trustees the award of most transparent pensions company of the year .
data from the pensions sector regulator , the national pensions regulatory authority ( npra ) , showed that of the gh¢8 . 3 billion , some gh¢2 . 7 billion , made up of contributions and returns , was still lodged at the tpfa , awaiting transfer to the various trustees .
enterprise trustees is one of the first corporate trustees to be licensed by the national pensions regulatory authority following the promulgation of the national pension law 2008 act 766 . it received certificate to commence business on 9 th november 2010 and received operating license from npra on 10 th april 2012 .
according to sam pee yalley , chief executive officer ( ceo ) of the national pensions regulatory authority ( npra ) , as many as 26 , 401 employers have intentionally disregarded directives by npra to pay their workers ' pension contributions .
the scheme is administered by a trust and contributions received from individuals into the pension scheme are invested per scheme’s statement of investment policy and in line with national pensions regulatory authority guidelines . the scheme pays out lump sum benefits at retirement .
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act 766 makes provision for a contributory 3 - tier pension scheme and the establishment of a national pensions regulatory authority ( npra ) to oversee the administration and management of the pension schemes . under the act , ssnit is to manage the basic national social security scheme referred to , as the 1st tier of a contributory 3 - tier scheme .
the national pensions regulatory authority ( npra ) , by regulations and guidelines would put in place pre - emptive measures to protect the contributor ' s funds to avoid loss . however , approved trustees would have the fiducial responsibility to ensure that investments are diversified and within the permitted investment .
the transaction is subject to regulatory approvals and notifications in ghana and south africa .
mr tsheole is currently a member of the african securities exchanges association ( asea ) executive committee , and sits on the following boards ; botswana accountancy oversight authority , medicines regulatory authority of botswana , achap botswana and achap international .
interested and qualified persons should forward their applications , together with their curriculum vitae and photocopies of their certificates to the under - mentioned address . the chief executive officer national pensions regulatory authority p . o . box gp 22331 accra onwona house kanda highway - accra closing date : 22 september , 2017
interested and qualified persons should forward their applications , together with their curriculum vitae and photocopies of their certificates to the under - mentioned address . the chief executive officer national pensions regulatory authority p . o . box gp 22331 accra onwona house kanda highway - accra closing date : 22 september , 2017
the national pension scheme authority ( napsa ) was established in february 2000 by the national pension scheme act no . 40 of 1996 of the laws of zambia . thisfollowed the closure of the zambia national provident fund ( znpf ) after the responsible act under which it was formed was repealed .
the national commission on culture was established in 1990 by provisional national defense council law 238 to manage from a holistic perspective , the cultural life of the country . in the execution of the aforementioned , the national com…
following the end of the tenure of mr . david bonyi as chief executive officer of the uganda retirement benefits regulatory authority , the board of directors [ … ]
enterprise trustees limited received operating license from national pensions regulatory authority on 10th april 2012 . three years into its operations enterprise trustees limited , the pensions subsidiary of the enterprise group limited on the day was adjudged 100 th in the elite league and the second fastest growing company in the league . this makes enterprise trustees the first and only pension corporate trustee in this prestigious club .
subsequently , ssnit also gives 2 . 5 % out of the 13 . 5 % to the national health insurance authority ( nhia ) for the member’s health insurance .
don’t include personal or financial information like your national insurance number or credit card details .
npra educate board of trustees of the four public sector schemes on pensions adminstration .
workplace pensions law has changed and every employer must comply . find out more .
the pensions authority would like to place cookies on your computer to help us make this website better . to find out more about the cookies , see our cookie policy .
the social security and national insurance trust ( ssnit ) is a statutory public trust charged under the national pensions act 2008 act 766 with the administration of ghana’s basic national social security pension scheme and to cater for the first tier of the contributory three - tier scheme . the trust is currently the largest non - bank financial institution in the country .
our objectives the object of the national communications authority is to regulate the provision of communications services in the ghana . mission is to regulate the communications industry by setting and enforcing high standards o…
• to provide technical , operational and administrative leadership in regional / zonal operations of the authority .
an act to amend the national pensions act 2008 ( act 766 ) to reduce the age for exemption from the first tier scheme , act 766 and to provide for related matters .
social security and national insurance trust manages the 1 st tier of the 3 tier pension scheme .
national pension review the pensions board was requested by the minister to bring forward to 2005 the report on coverage and associated matters required under legislation which was to be completed by september 2006 ; the report to examine alternative pension systems to the present one and to make proposals designed to provide an adequate retirement income for all . in response to this request , the board has initiated the national pensions review which includes :
it is a second tier scheme structured to conform to requirements of the national pensions act , 2008 ( act 766 ) . this will enable members to enjoy the tax reliefs and other benefits provided under the pensions act 766 . the scheme is an employer sponsored scheme set up to cover all health sector employees .
the social security and national insurance trust ( ssnit ) is currently charged with the administration of ghana’s basic national social security scheme . its mandate is to cater for the first tier of the three - tier pension scheme .
under section 55 ( 1 ) of the pensions act , the administrative expenses of ssnit would be subject to a maximum limit . the authority would effectively monitor ssnit to ensure that its expenses are within the prescribed limit .
axis pensions group , is headquartered in accra , ghana . we offer retirement savings products and fund . . .
about the pensions board the pensions board is the statutory body set up to regulate occupational pension schemes and prsas and to advise the minister for social and family affairs , and through him , the government , on overall pension policy development .
although relatively new , more businesses have taken advantage of the tiered nature of the pensions industry to set up institutions .
the pension fund regulatory & development authority act was passed on 19th september , 2013 and the same was notified on 1st february , 2014 . pfrda is regulating nps , subscribed by employees of govt . of india , state governments and by employees of private institutions / organizations & unorganized sectors .
the botswana financial reporting act of 2010 empowers the authority to inspect files of auditors of public interest entities periodically to show compliance with auditing standards .
enterprise trustees is the market leader of the pensions industry with assets in excess of gh⊄1b and leads the private pensions market with a market share of 28 . 5 % . enterprise trustee is the first and only corporate trustee in the prestigious ghana club 100 .
the vision to start a thriving pensions management services company was conceived by its co - founder , afriyie owar . . .
over the years , concerns have been raised and agitations made by public servants over inadequacies of the level of pensions to sustain a respectable life for retired public servants . of particular concern to most workers’ groups has been the low pensions received by workers . . . | readmore
mr ramasedi has served in a number of organisations as a board members . he is currently in the executive committee of the international organisation of pensions supervisors ( iops ) , the board of the botswana accountancy oversight authority ( baoa ) , and that of the botswana retired nurses society ( bornus ) .
enterprise group limited has sold a 40 % minority stake in its subsidiary enterprise insurance company limited , to sanlam emerging markets proprietary limited of south africa ( “sanlam” ) , subject to regulatory approvals .
the trust was established in 1972 under nrcd 127 to administer the national social security scheme . prior to 1972 , the scheme was administered jointly by the then department of pensions and the state insurance corporation . the trust administered the social security scheme as a provident fund scheme until 1991 when it was converted to a social insurance pension scheme then governed by the pndc law 247 . the scheme in ghana was reformed by an act of parliament , act 766 of 2008 and was implemented in january 2010 to replace all pension schemes in ghana including cap 30 . in 2014 , the national pensions ( amendment ) act 883 was passed to amend portions of act 766 .
the general manager of enterprise trustees , mr . joseph ampofo was crowned the pensions ceo of the year for his exceptional leadership and contribution to the pension industry .
the public utilities regulatory commission of ghana is an independent body set up to regulate and oversee the provision of the highest quality of electricity and water services to consumers . please explore our website for valuable inform…
the chief executive is responsible for the leadership and management of phe and the delivery of its objectives . he has established a national executive to support him in delivering phe ’s objectives by implementing a robust system of internal controls and driving forward an agenda to deliver them . the national executive , chaired by the chief operating officer , meets 3 times each month .
speaking at the launch , anne maher , chief executive of the pensions board , said : “the board’s primary role is a regulatory one which involves registration , auditing , monitoring and investigations in relation to occupational pension schemes and prsas . key areas of regulatory focus in 2004 and early 2005 were monitoring the funding position of defined benefit pension schemes and enforcing the mandatory access requirements for prsas . at the end 2004 there were 1408 schemes subject to the funding standard . these schemes must submit actuarial funding certificates to the pensions board at regular intervals and 596 certificates were submitted in 2004 . of these , 356 ( 60 % ) satisfied the funding standard . the remaining 240 ( 40 % ) needed to submit funding proposals to the board in order to meet their compliance requirements” .
npra’s chief executive officer , mr hayford atta krufi , said the authority was “closely working towards the transfer of contributions of public sector workers in the tpfa from january 2010 to august 2016 . ”
the determinations panel ( dp ) is a committee of the pensions regulator ( tpr ) . it operates separately from other parts of the organisation , including tpr’s case teams .
although encouraging , the chief executive officer of axis pensions , mr afriyie oware , told the graphic business his outfit expected the growth rate to edge up in the coming years .
mr . oaitse m . ramasedi is currently the chief executive officer of the non - bank financial institution authority ( nbfira ) . prior to that , he was the chief executive officer of the national development bank ( ndb ) , and prior to that , he served in various senior management capacities in both accounting / finance and internal auditing functions in government , parastatal and private sector , respectively .
the amount comprises funds accrued in the temporary pensions fund account ( tpfa ) at the bank of ghana ( bog ) and total assets under management ( aum ) by licensed trustees .
this would only be possible once it is registered with the authority and an independent trustee appointed . failure to register and appoint an independent trustee would mean employees cannot benefit from tax exemptions the new pension law provides .
correction of the formulas for computation of pensions the amendment act 833 also corrected the formula for the computation of pensions by providing that the minimum 15 years or 180 months period of contribution entitles a member to 37 . 5 % pension right and every additional twelve ( 12 ) months contribution entitles the member to 1 . 125 % pension right up to a maximum of 60 % .
hon . ignatius baffour - awuah , minister of employment and labour relations and hon . ken ofori - atta , minister of finance on 29th june , 2018 jointly inaugurated an 11 - member board of the national . . .
tuesday 12 july 2005 : the pensions board today launched its 2004 annual report and presented a copy of the report to the minister for social and family affairs , seamus brennan td , which is available on urltoken .
his relationship with enterprise began in 1998 when he joined the company for national service , having graduated from the university of ghana with a bachelor of arts degree in political science and sociology . he holds a diploma in insurance & pensions from the west africa insurance institute ( waii ) in the gambia , having completed with distinction , and an advanced diploma from the ghana insurance college as well as a cert cii holder of the chartered insurance institute of uk .
annual licence / registration for service providers including individual trustees of all registered schemes expires on 31st july , 2018 . download , complete and submit to the authority the appropriate renewal forms , checklists and requisite attachments by 29th june , 2018 for processing and approval .
only 5 , 599 employers out of ghana ' s active employer population of over 32 , 000 have complied with the directive to pay the pension contributions of their employees , records at the social security & national insurance trust ( ssnit ) indicate .
he was speaking to the paper ahead of the graphic business / stanbic bank breakfast meeting on tuesday , september 19 at the labadi beach hotel in accra . the meeting is on the theme , “the role of pensions in economic development”
the annual licence / registration for service providers including individual trustees of all registered schemes expires on 31st july , 2017 . download , complete and submit to the authority the appropriate renewal forms and requisite attachments by 1st july , 2017 for processing and approval .
this is to inform all employees of treasury funded mdas of the federal government , that the national pension commission ( pencom ) is organizing a nationwide pre - retirement verification and enrollment exercise commencing from 25 june to 17 august , 2018 . the exercise is…
ms . catherine johnson is global general counsel of the company . catherine advises the board and senior executives on key legal matters and strategic initiatives . in addition to her role as group general counsel , she was previously also head of the group’s regulatory strategy team . catherine qualified as a lawyer at herbert smith in 1993 .
across the country , there are more than 38 , 000 people who haven ' t claimed pension benefits they are owed . those unclaimed pensions equal a total of over $ 300 million dollars , with individual benefits ranging from twelve cents to almost a million dollars
mr . daniel maguire is chief executive officer of lch group of the company . daniel has wide experience in risk management , regulatory strategy , product management and development , programme delivery and sales and operations management . he was previously global head of swapclear and also forexclear and listed rates at lch , and most recently lch group coo .
the pension scheme as administered by ssnit has a registered membership of over 1 , 307 , 882 million as at august 2017 with over 184 , 761 pensioners who regularly receive their monthly pensions from ssnit . the annual absolute growth of pensioners is over 12 , 000 .
after many years as a documentary filmmaker for the bbc , in 1997 catharine founded an independent television production company , cat ' s eye , which made films mainly for channel 4 . catharine is currently a gambling commissioner and member of the legal services board . she is a former board member of the human tissue authority and chair of its audit committee , and a former member of the human fertilisation and embryology authority independent appeals committee . she also sits on employment and mental health tribunals , and as a lay assessor in county court cases . she is a magistrate and trustee of the london centre for children with cerebral palsy .
enterprise trustees limited ( etl ) is the pensions management subsidiary of enterprise group limited ( egl ) . incorporated on 8 th november 2010 , enterprise trustees is the leader in ghana’s pension industry with 28 . 5 % of the market share and assets under management of over gh⊄1 . 6 billion .
launching the scheme , the deputy minister of health mr . kingsley aboagye gyedu who was guest of honour at the occasion applauded the board of trustees of the hsops for their initiative in providing members with first - hand information on pensions and also giving access to members to track their second tier contributions .
reduction in the age exemption members who were 55 years and above as at j anuary 2010 were exempted from act 766 . members aged 50 - 54 years who were affected by act 766 were made worse off . hence the implementation of national pensions ( amendment ) act 2014 , act 883 . members who were aged 50 as at 2010 have now been exempted from act 766 . this means that all those exempted will continue to contribute 17 . 5 % . they will also be paid the full benefit namely , monthly pension and the 25 % lump sum by ssnit . despite the reduction in the age exemption from 55 to 50 years , it is still optional for any such member to decide to join the act 766 .
reuters , the news and media division of thomson reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day . reuters provides trusted business , financial , national , and international news to professionals via thomson reuters desktops , the world ' s media organizations , and directly to consumers at urltoken and via reuters tv . learn more about thomson reuters products :
enterprise insurance and enterprise life still represent the most significant subsidiaries in terms of financial performance . both businesses continue to show great potential for growth , delivering growth rates of 14 . 9 % and 26 . 84 % respectively in the general and life insurance markets . enterprise trustees ltd the group’s pensions subsidiary reported profit after tax of of gh¢206k in 2014 as against a loss of gh¢2 . 14m in 2013 .
mr . mendel ngoni nlanda was first appointed to the board of botswana accountancy oversight authority [ baoa ] on 1 september 2013 . he also serves as the vice chairman of the standard setting committee . mr . nlanda is currently the director of finance at the university of botswana [ ub ] . he is a fellow member of both the botswana institute of chartered accountants [ bica ] and association of certified & chartered accountants [ acca ] , a uk based professional body of chartered accountants .
mr . gadzekpo congratulated the first lady for taking up such a laudable cause , saying that enterprise was moved by the plight of mothers and children at the komfo anokye hospital , as revealed in the documentary produced by the multi - media group . the company therefore felt compelled to help . he went on to say that this is not the first time enterprise has reacted positively to a national cry , citing the example of enterprise’s support to the victims of the june 3 , 2015 twin disaster .
the new pension scheme has 3 levels from which employees benefit . level 1 , referred to as tier 1 , is a mandatory basic national social security managed by ssnit with a constituted board of trustees . level 2 , referred to as tier 2 , is a mandatory occupational pension scheme managed by a trustee who appoints a fund manager and a custodian . level 3 , referred to as tier 3 , is a voluntary pension scheme for workers and self - employed workers in the informal sector . the contributions are managed by a
having practised as a solicitor for much of his career , often as managing partner , david was appointed to the judiciary in the employment tribunals in england and wales where he continued for in excess of 20 years ( both full time and part time ) . for the last five years of his judicial career he was president of the employment tribunals in england and wales until he retired in march 2014 . this role involved chairing hearings , leading the judiciary in the jurisdiction and judicially managing 12 regional employment judges , around 400 employment judges and 1 , 600 non - legal members . he was also the director of national training for the jurisdiction during his judicial career . david is currently chair of the board of directors of northampton partnership homes , a social housing company .
mr owusu - darko ? s appointment takes retrospective effect june 22 , a statement signed by mrs rita afua adzovie and copied to the ghana news agency in accra said .
mr owusu - darko takes over from mr laud a . k . senanu , former acting chief executive officer .
a brief profile of mr owusu - darko indicates that he is a chartered banker , licensed management consultant and a qualified organisation development practitioner .
mr owusu - darko is a certified international professional manager ( ipma - uk ) , with a post graduate diploma in financial management ( acca - uk ) , and executive mba in information technology management and a master of laws ( llm ) in information technology and telecommunication from the glasgow school of law ( university of strathclyde ) .
the statement said mr owusu - darko has conducted organisation assessments leading to diagnosis of culture , team effectiveness and organisational effectiveness , as well as dynamic team - building and strategic planning interventions .
it said mr owusu - darko has also facilitated workshops in advanced negotiations and conflict management and is an examiner in organisation development and change with the chartered institute of administrators and management consultants .
mr owusu - darko according to statement has published articles in the media on legal issues on the deployment of information technology in ghana , because of his love for research and writing .
? kofi anokye owusu - darko joins npra with rich , transferable professional skills and invaluable expertise , ? the statement said .
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news ghana is ghana’s leading online news publication for business ' in west africa and around the continent .
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would those who are 55 years and above continue to contribute 17 . 5 % or 18 . 5 % ?
contributors who are 55 years and above who opted to join the new scheme in its implementation will have to contribute 18 . 5 % . those still on the old scheme will continue to contribute at 17 . 5 % .
those who are due for pension are presumed to be above age 55 , and would therefore remain under the old scheme and receive both their lump sum and monthly pension from ssnit .
the current trustees will have to conform and comply to the standards set in the law .
the person would have taken a life insurance cover to secure the mortgage and this should leave untouched his benefits for his / her survivors .
yes . he / she would be paid a monthly pension at the same level as he / she was receiving at age 75 and indexed annually according to the law till he / she dies .
annual licence / registration for service providers including individual trustees of all registered schemes expires on 30th june 2015 / information to the administrator of an employer sponsored scheme .
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it also issues guidelines for investment of pension funds and ensures compliance with act 766 .
this site based on the informations provided by openstreetmap . org , from go _ osm on 2013 - 01 - 29t10 : 45 : 15z .
the primary responsibility is to replace part of lost income of workers in ghana due to old age , invalidity and permanent migration of an expatriate contributor from ghana .
the trust is also responsible to pay survivors lump sum to nominated dependants of contributors in the event of death .
“to be the model for the administration of social protection schemes in africa and beyond” .
the board of trustees are responsible for the policy direction of ssnit . the trustees are made up of representation from government , employers and workers . it is constituted as follows :
the members of the board of trustees shall be appointed by the president in accordance with article 70 of the 1992 constitution .
the day - to - day administration of the trust is headed by the director general assisted by three ( 3 ) deputy director generals ( ddgs ) .
there are seven ( 7 ) general managers in charge of investment and development ( idd ) , general counsel ( gc ) , finance , operations , administration and human resources ( admin / hr ) , management information systems ( mis ) and benefits . other responsibilities under the directorate include that of the chief actuary , the chief internal auditor , the company secretary and the corporate affairs manager .
ssnit has a decentralised operational system made up of the area , branch , day offices and an agency . an operations coordinator at the head office co - ordinates all operational activities and reports to the general manager , operations .
there are eight ( 8 ) area offices , fifty ( 50 ) branches , twenty - three ( 23 ) day offices and an agency spread throughout the country .
to provide input into the formulation of policies to improve operations and assists to implement them .
tier 3 – a voluntary fully - funded and privately managed provident fund and personal pension plan .
mandatory for all workers in the formal sector and optional for self - employed .
tier 3 – a voluntary fully - funded and privately managed provident fund and personal pension plan .
out of the 18 . 5 % , the employer remits 13 . 5 % within 14 days of ensuing month to ssnit . 5 % is remitted to the second - tier mandatory occupational scheme .
entry age of joining the scheme– 15 years ( minimum ) and 45 years ( maximum ) only for new entrants ( age 45 + to enter mandatory 2nd tier ) .
increase in guaranteed pension payment period from 12 to 15 years . that is 72 to 75 years
hazardous employment benefit – underground miner to retire at age 55 with full retirement benefit .
return of contributions plus interest is given when one does not qualify for any of the two ( 2 ) benefits .
provision of three ( 3 ) benefits – old age pension , invalidity pension and death and survivors lump sum benefit .
it was financed through employer and employee contributions of 12 . 5 % and 5 % of basic salaries respectively . the resultant 17 . 5 % is paid solely to ssnit .
full pension is earned at age 60 with a minimum contribution of 240 months ( 20years ) .
reduced pension is earned between 55 and 59 years with a minimum contribution of 240 months .
a 25 % lump sum payment option was available for both full and reduced pension . this is paid at the present value discounted at the prevailing treasury bill rate .
invalidity pension is earned after 12 months contribution within the last 36 months and member must be declared permanently invalid by a recognized medical officer and certified by a medical board .
survivors’ lump sum is paid to dependants of a member who dies before retirement or when a member dies while a pensioner before attaining age 72 .
minimum accrual rate was 50 % and the maximum was 80 % of three best year’s average salary .
a return of contributions accumulated at a prescribed interest rate is given to unqualified contributors .
ssnit has over the years administered social insurance in ghana and workers have been well catered for upon retirement and injury under the scheme . all activities under taken by ssnit are within the confines of the law .
the primary responsibility of ssnit is to replace part of lost income of workers in ghana .
provide social protection for working population for contingencies including old age , invalidity , death and emigration .
collaborate with other complementary social protection schemes to achieve efficiency , cost savings and avoid duplication of functions .
ssnit also registers establishments and employees to furnish them with unique establishment registration ( er ) and social security numbers respectively .
these numbers are not transferable and shall be used by employers and employees throughout their transactions with ssnit .
recalcitrant employers who refuse to pay contributions on behalf of its employees are sanctioned .
emigration benefit emigration benefit is a lump sum payment of benefit to non - ghanaian members of the social security scheme under act 766 whose services are ended and are leaving ghana permanently . whether the member has reached the retiring age or not , whatever benefit is due him / her will be paid as lump sum in ghanaian currency to the member .
employers to furnish information by ssnit within seven ( 7 ) working days the amendment provides that , where ssnit officials request an employer to furnish any information relating to the employer , the employer shall furnish the information within seven ( 7 ) working days .
urbra holds free medical camp at kawolo hospital in buikwe district on 7th april , 2018 .
as part of urbra’s corporate social responsibility ( csr ) program , urbra organized a medical camp at kawolo hospital in lugazi municipality , buikwe district on 7 / 04 / 2018 . the medical [ … ]
urbra held a seminar for university students of actuarial society at makerere university on 29th march 2018 . one of urbra’s core areas is to improve [ … ]
mr . katimbo mugwanya ( former , executive director supervision – bank of uganda ) sharing his personal experience as a retiree . he gave members advice on how to [ … ]
on 16th august 2017 , at a breakfast meeting at imperial royale hotel , urbra released the annual pension sector industry report 2016 . for the last three years , urbra has [ … ]
progress of retirement benefits sector reforms and the prerequisites to successfully continue the sector’s growth agenda .
4th - 6th floor plot 1 clement hill rd . p . o . box 7561 , kampala tel : + 256 417 304 500 + 256 312 324 500 + 256 200 513 500 email : urbra @ urltoken
a training , sensitization and networking platform where suppliers can effectively engage with rba , other suppliers , buyers , and the general public .
here is the abridged version of the judicial review on interim administration hc misc . appl . …
to submit monthly return , follow this link : e - services login , help .
to pay statutory contributions , follow this link : e - services login , help .
the primary mission of the ghana securities and exchange commission ( sec ) is to protect investors and maintain the integrity of the securities market . as more and more first - time investors begin to look upon the securities market as an alt…
we regulate , oversee and monitor the petroleum downstream industry to ensure efficiency , growth and stakeholder satisfaction .
functions : the primary functions of the force are those stipulated in section 1 of the police force act , 1970 ( act 350 ) . it states among others that : “it shall be the duties of the police force to prevent and detect crime , to apprehend…
the central bank of ghana traces its roots to the bank of the gold coast ( bcg ) , where it was nurtured . as soon as local politicians and economists saw political independence in sight in the mid 1950’s the agitation for a central bank was r…
if you are looking beyond the horizon for where to locate your business , then you are at the right place - ghana free zones board ( gfzb ) . the free zones programme in ghana offers you a conducive business environment to produce at minimum c…
the government white paper on the reforms to the tertiary education system that was published in 1991 made several proposals for the restructuring and reorganization of tertiary education and tertiary educational institutions . the proposal…
delivers parcels , documents and freight items throughout the world . dedicated to delivery time . they also customs clear courier and airfreights shipments for you and deliver wherever in the country .
the vision of the council is “ to guarantee the highest levels of pharmaceutical care ” . its mission is “ to secure the highest level of pharmaceutical care by ensuring competent pharmaceutical care providers who practice within agreed…
nested in the heart of the gulf of guinea on the west coast of africa , is a jewel . this jewel is one of the best kept secrets in africa . welcome to ghana . a land with miles and miles of sun - dappled beaches , the home of ashanti and the land…
prior to the enactment of the pension reform act 2004 , pension schemes in nigeria had been bedevilled by many problems .
the pension reform act ( pra ) 2014 expanded coverage of the cps to the self - employed and persons working in organizations with less than 3 employees .
discussion on the regulations and guidelines around the investment of pension funds by the head , investment supervision department – mr . ehimeme ohioma
pencom’s head , research and strategy management department , dr . farouk aminu explains the a - z of how contributors / retirees can access money from the cps
enterprise group donates to police hospital dialysis centre | | enterprise group positioned for the future | | a new page in the life of enterprise life . | | enterprise trustees interacts with all its service providers on their master trust pension schemes | | your retirement is secured in our hands | | enterprise group welcomes a new strategic partner | |
corporate social responsibility the group ' s social commitment has had a two faceted approach . our principle and criteria for support are in promoting health and education across our footprint . in 2012 , we shifted our focus from providing assistance generally to a community and took a focused approach in supporting some key associations and organizations that have been under funded over the years such as the autism centre in accra . we have nonetheless kept our promise on on - going projects , key amongst them , our library project in the upper west region .
the enterprise brand is based on the concept of
the thoroughbred
.
the thoroughbred is a horse of outstanding pedigree with an inherent disposition to be the best
born of outstanding parentage , excellence is just in our nature . this endows us with sheer power and muscle , which enables us to deliver the quality service and solution our scheme members desire and expect . that is why our scheme members confidently testify that , truly we deliver your advantage .
in 2011 , joseph successfully completed a 12 month executive senior management development program from university of stellenbosch in south africa . he is a fellow of the africa leadership initiative - west africa and the aspen global leadership network as well as an avid golfer .
emmanuel is a certified hr professional ( hr certification institute – usa ) and a qualified trainer . he also holds an mba ( hrm option ) from the university of ghana business school and a b . ed . foundations ( economics ) degree from university of cape coast .
emmanuel has been a resource person for capacity building organizations such as dues club , pimi , soul impact and other youth - related organizations .
the objective of the scheme is to create a large pool of funds to allow members to benefit from economies of scales . this scheme offers members a one - stop administration and relieves staff of companies from complex and timing consuming trustee duties .
medical board declaring a contributor as no longer mentally or physically capable of performing the functions of office .
opportunity to get discounts on corporate risk covers from enterprise life & enterprise insurance . audited statement from “a” rated firm .
online access to statement retirement planning support provide yearly relevant demographic reports to help with human resource planning prompt responses to enquires from dedicated relationship officer opportunity to get discounts on corporate risk covers from enterprise life & enterprise insurance audited statement from “a” rated firm . annual scheme report
the enterprise personal pension scheme allows formal sector workers to make additional contributions towards retirement . this is geared towards enhancing their retirement benefit outside the mandatory schemes and any provident fund scheme .
informal sector workers , who are usually not covered by the mandatory pension schemes , are also catered for under this scheme .
contributions from formal sector workers are held in one account . contributions from informal sector workers are apportioned into two different accounts based on the member’s preference . ie . savings account and pension account . persons above 60 can opt to hold a pure savings account . members are at liberty to switch from one plan to another and will be limited to a total number of switches of three ( 3 ) in the life time of the contract . no switching before the first twelve months , and no additional switches within 24 months of a previous switch .
contributors less than 50 years at entry can opt to make partial withdrawal in the last five years of the savings period . minimum savings period is 10 years . withdrawal in the last five years is limited to one withdrawal not exceeding 25 % of total available benefit .
contributors above 50 years at entry can make partial withdrawal after two years but limited to one withdrawal per year after qualifying for withdrawal . no restriction on percentage available for withdrawal .
• partial withdrawals then allowed every two years after the initial withdrawal of not more than 25 % of the fund .
the objective of this scheme is to create a large pool of funds to allow members benefit from economies of scales . this scheme offers members a one - stop administration and relieves staff of companies from complex and timing consuming trustee duties .
medical board declaring a contributor as no longer mentally or physically capable of performing the functions of the office .
benefits : online access to statement retirement planning support provide yearly relevant demographic reports to help with human resource planning prompt responses to enquires from dedicated relationship officer opportunity to get discounts on corporate risk covers from enterprise life & enterprise insurance audited statement from “a” rated firm . annual scheme report
the objective of this scheme is to protect the interest of members and create a large pool of funds to allow members benefit from economies of scales . these cost savings ultimately translate into enhanced retirement payouts to contributors .
the objective of this scheme is to create a large pool of funds to allow members benefit from economies of scales . this scheme offers members a one - stop administration and relieves staff from complex and timing consuming trustee duties .
highly competitive cost structure online access to statement retirement planning support provide yearly relevant demographic reports to help with human resource planning prompt responses to enquires from dedicated relationship officer opportunity to get discounts on corporate risk covers from enterprise life & enterprise insurance audited statement from “a” rated firm . annual scheme report
please download the form below , fill it and submit via email to info . trustees @ urltoken or submit it to any of our offices . thank you .
the health scheme occupational pension scheme ( hsops ) has launched a website urltoken as part of its efforts to provide members of the scheme with concrete information and give them access to track their pension contributions .
the chief director at the ministry of employment and labour relations , mr . rudolph kuuzegh described the hsops as a trail blazer among the public sector schemes .
“we all have a lot to learn from the hsops . as far as the scheme is concerned , the work of the trustees is to do what is right to the benefit of the scheme members and i can say that the hsops is doing an excellent job in this regard , ” he said .
the chairman of the board of trustees of the hsops , dr . derek amoateng , said the scheme , made up primarily of ghana medical association ( gma ) , ghana registered nurses and midwives association ( grnma ) , government hospital pharmacists association ( ghospa ) , health services workers union ( hswu ) and its allied unions has made significant strides since it started operations in 2012 .
he said the scheme’s asset under management has experienced tremendous growth due to prudent management and wise investment decisions made by the board . he therefore urged all other health unions who were not yet part of the scheme to join the hsops to ensure growth under one umbrella .
speaking on the benefits of the website , the executive director of enterprise trustees limited administrators of the scheme , mr . joseph ampofo said the website has been designed as a mobile friendly one that is available to members across all geographical locations .
he urged all members of the scheme who have not yet filled their enrollment forms to contact their head of facility and do so in order to access their member statement and other relevant information through the website .
the hsops is one of the four public sector schemes currently operating in ghana .
enterprise trustees retained its position as the only corporate trustee in the ghana club 100 at the recent ghana club 100 awards held at kempinski hotel on the 30 th of november 2017 . enterprise trustees experienced tremendous growth in its operations to attain the 25 th position at the 16 th edition of ghana club 100 awards , having ranked 100 th in the previous year .
enterprise trustees , the leading private pension administrators in ghana achieved this feat after a rigorous exercise , which ranked companies that entered the competition based on size ( turnover ) , growth and profitability .
the ghana club 100 event was organized by the ghana investment promotion centre ( gipc ) under the theme “industrialization – a tool for job creation and accelerated economic development” . the ghana club 100 ranking is an annual initiative to honour companies that excel in their various areas of operations in the fiscal year .
expressing his elation about the recognition , the general manager of enterprise trustees mr . joseph ampofo said , “this is a testament of the hard work and dedication of everyone at enterprise trustees . as a business , we are excited about what the future holds for us as we remain committed to offering only the best to our clients . ” he dedicated the award to cherished clients .
enterprise group as part of its corporate social responsibility initiatives for the year , has donated gh¢10 , 000 . 00 to operation smile ghana , an international non - governmental agency .
operation smile is an international medical charity that has provided hundreds of thousands of free surgeries for children and young adults in developing countries who are born with cleft lip , cleft palate or other facial defects .
the donation was made when representatives of the enterprise group paid a visit to the koforidua regional hospital on 9 th november , 2017 . in total , 343 children with cleft palate defect were screened , out of which 143 were successfully operated upon . the event spanned 10 - days , from 2 nd to 13 th november , 2017 .
the surgery was supported by forty - nine volunteers from ghana and others from ten different nationalities . the volunteers comprised medical practitioners , anesthetists , nurses as well as other medical personnel assembled by operation smile to help put smiles on the faces of children suffering from the cleft palate defects .
enterprise group continues to deepen its commitment to giving an advantage to all through its corporate social responsibility programs and initiatives . the donation falls in line with the group’s corporate social responsibility focus on health and education . the donation also reinforces , one of the group’s core value of “friendliness” as exhibited by the support and care offered to the children .
mrs . phyllis woode - nartey , agm , business development , communication and sales ( 2 nd right ) , mrs . ama ansah , group head , human resource ( 3 rd left ) , with some staff of operation smile and enterprise group .
commenting on the awards , mr . joseph ampofo reiterated the company’s dedication to customer excellence across all levels of the business , “these awards validate our position as the leading pension management company in ghana . it shows the consistent growth we have witnessed as a company over the years . we remain committed to providing our clients with unparalleled services and ensuring their maximum comfort in retirement” .