Kuala Lumpur, Malaysia, March 13, 2024 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG” or the “Company”) is proud to announce the strategic expansion of its global footprint Asia by opening offices in new York And London later this year, as well as the establishment of a AI Research and development (R&D) Frankfurt to better serve our growing portfolio of consulting clients and ambitious technology companies.
These new York And London the offices will be headed by the recently appointed Group Executive Director, Marco Baccanello. His very experienced experience in Silicon Valley And new York and his past experience at PwC in the UNITED KINGDOM and the United States brings valuable expertise and financial market connections to the company. He is an accomplished corporate finance and private equity executive, specializing in advising fast-growing technology companies on financing, growth strategies and mergers and acquisitions. His previous experience includes work in the mobile gaming and technology industries, overseeing multiple transactions with companies such as Adobe, GameStop and Cox Communications in the USA.
VCI Global’s AI R&D center in Frankfurt, Germanywill be led by the new general director of the company AI Officer (CAIO), Pascal Lauria, who brings over 23 years of experience as a seasoned technology entrepreneur specializing in AI and machine learning. Pascal previously founded Cogia Intelligence, serving as CTO and CEO for over a decade, providing cutting-edge AI solutions to Fortune 500 companies like BMW, Audi, VWAnd Lufthansa. Pascal will be responsible for overseeing the Company’s portfolio of technology activities, as well as the Frankfurt The office will also serve as VCI Global’s European office.
“With Marco’s extensive experience in financial markets and technology, he is the ideal person to lead the United States and UNITED KINGDOM desks. I am confident that Pascal’s knowledge and experience in AI and technology will elevate VCIG to a different level, providing unprecedented opportunities to meet the evolving needs of our clients and expand our technology offerings,” said Dato’Victor HooExecutive Chairman of the Group and Managing Director of VCI Global.
Management is confident that these expansion plans will fuel accelerated revenue growth as the company continues to grow. By incubating innovative technologies and strategically bringing them to market in a fully monetized manner in a global market, the company is positioned to generate very significant revenue and monetization opportunities in the years to come. VCI Global’s AI R&D center aims to develop potential unicorn companies, thereby enhancing its future value proposition.
About VCI Global Limited
VCI Global is a diversified holding company. Through its subsidiaries, it focuses on consulting, fintech, AI, robotics, cybersecurity and gamification. Situated at Kuala Lumpur, Malaysiaour main operations are focused on Asiawith significant visibility on Asia Pacific, United States, Europeand the Middle East. VCIG primarily provides advisory services in capital markets, real estate, AI and technology. In technology businesses, the company operates a proprietary financing platform serving businesses and individuals, as well as a secure messaging platform serving governments and organizations. We also invest, incubate, accelerate and commercialize companies and technologies in the areas of AI, robotics and gamification.
For more information about the Company, please log on to https://v-capital.co/.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. These statements include statements regarding the Company’s ability to develop its business and other statements that are not historical facts, including statements that may be accompanied by the words “intends”, “may”, “will”, “plans”, “expects”, “anticipates”, “projects”, “predicts”, “estimates”, “aims”, “believes”, “hopes”, “potential” or similar words . Actual results could differ materially from those described in such forward-looking statements as a result of certain factors, including, without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, effects of the spread of the Coronavirus (COVID-19) and future measures taken by the authorities of the countries in which the Company has supply chain partners, the demand for the Company’s products and the economic situation of the Company’s customers. the Company, the impact of competitive products and pricing, successful management and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (SECOND). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company assumes no responsibility to update any forward-looking statements contained in this release, except as required by applicable law.
CONTACT DETAILS:
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VCI Global Limited
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Source: VCI Global Limited
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