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一段标准发音的Presentation听译,听力好的高手来~

来源:学生作业帮 编辑:百度作业网作业帮 分类:综合作业 时间:2024/05/13 04:23:53
一段标准发音的Presentation听译,听力好的高手来~
以下是一段中国平安金融集团的年报发布的录音材料,http://events4.broadcastone.net/2318/20080320i/webcastx.asp 只需要听译从19分45处的那张Global Asset Management Acquisition and Partnership的PPT到最后8分钟的内容.由于是新闻发布会,所以发音清晰正确,旁边有PPT同步显示大致内容供参考.
万分感谢!
一段标准发音的Presentation听译,听力好的高手来~
这是我的一个朋友翻的 我仔细看过了翻得基本正确:
Now I am most glad to announce here a global asset management acquisition and partnership. Under this new proposed transaction, Ping An would acquire 50% of Fortis Investments. On 19th of March, the Ping An Board of Directors approved the signing of a Memorandum of Understanding between Ping An and Fortis under which Ping An will acquire 50% of Fortis Investment Management for a cash consideration of 2.15Bn Euro. The company will be rebranded Fortis Ping An Investments in English, and Ping An Fu Tong Tou Zi in Chinese. Completion of this transaction will be subject to definite agreements and relevant regulatory approvals in both China and Europe.
After this transaction, in terms of corporate governance, Fortis and Ping An will each nominate 3 non-executive directors, and propose 2 independent directors. And one important success factor we expect for this new partnership is that it has continuity of Fortis’ senior management and strategy as it continues to complete the merger with the ABN-Amro asset management business. And at the same time we expect that Fortis Ping An Investments will also benefit significantly from the Asian expertise of Ping An and key Ping An executives. And as part of the JV agreement, Fortis Investments would also provide to Ping An, for example in helping Ping An build a security franchise, and mutual exchange of employees in key business divisions, provision of consultation services in specific areas, which will form a technology transfer and support agreement and the overall JV agreement here.
And as we continue to execute our three-pillar business strategy, we believe strongly that the addition of Fortis Ping An Investments will immediately strengthen an integral component of Ping An in our third pillar of investment and asset management related businesses.
We also believe in significant synergies from this new transaction. It is a marriage between very strong Chinese distribution with a global product platform. The Ping An brand will have immediate presence in more than 30 countries and regions. Ping An will have access to the key areas of the JV’s expertise, including investment management, research, product development and technology. Therefore instead of growing more slowly and organically, this transaction will bring immediate critical mass to Ping An’s global asset management platform.
Now why do we choose Fortis Investments? We like it because it has critical mass, AUM of 245 Bn Euro, and firmly established in the top tier of global asset managers. It has significant synergies through the current integration of Fortis Investment and ABN-Amro Asset Management and highly scalable operating platform. We like its track record of sustainability and growth over the years, and very successful entry and development in the emerging markets, including China, Russia, India, Brazil, and believe that it has great potential to accelerate growth going forward. It has extensive experience in working with diversified integrated financial services group as an autonomous asset manager in itself, and leveraging on key shareholders’ distribution platform. It has a track record of successful growth, acquisition and low cost operation. We like its unique distribution platform. With Fortis and ABN-Amro retail networks as anchor clients, very accustomed to open architecture environment taking advantage of both the parent’s capabilities and third parties, and its access to well-established international investment platform for domestic investors too.
We also like its diversified business mix, for stability of profit going forward, a very diversified AUM portfolio, product range and revenue streams, and it has a good mix of geographic asset class and investment style mix as well, which will help it further weather market volatility, especially given the changes in the market for this year and going forward. And it has a very balanced client base for retail versus institutional as well as the Fortis Group versus third-party distribution. So after the completion of this transaction, we’re confident of expecting very positive financial impact from our share of it with the diversification of earnings contribution from our 3 business pillars and thereby reducing the earnings volatility, adding to our total portfolio as the effect. We expect no impact to the overall leverage level or regulatory ratios as a result of this transaction and we are confident of long-term earnings benefits going forward with our 50% share of the P&L and the agreement that the maximum permissible portion of this JV’s profits will be distributable through dividends to the parents. And throughout the process of agreeing on this new JV arrangement we believe that prudent decision making and thorough due diligence has made us identify, quantify and control the risks involved in the transaction. So if we look further at Fortis Ping An Investments assets under management mix here, there is a very good mix, balanced between the different types of distribution channels, under third-parties and institutional, and good mix between equity, fixed income and other asset classes, and its geographic presence across the [ ], Europe, Asia-Pacific and Latin America.
And going forward we expect that Fortis Ping An Investments will continue to expand its presence aggressively in the Asia-Pacific region. Right now it has presence in about 11 countries and regions throughout Asia with a total of 27 Bn Euro of AUM here. So we expect this geographic presence already in place will continue the expansion strongly going forward with the help that we can provide to this JV and with the management capability of the combined Fortis and ABM management teams as well.