Patrick is an innovative entrepreneur and a lawyer passionate about cryptocurrencies and the business world. He is the CEO of Novum Global Technologies, a cryptocurrency quantitative trading firm. He understands the business concerns of founders and business people helping them to utilise the legal framework to structure their companies to take advantage of emerging technologies such as the blockchain in order to reach greater heights. His passion for travel, marketing and brand building has led him across careers and continents. He read law at the National University of Singapore and graduated with Honors in the Upper Division and joined one of Singapore’s top law firms, Allen & Gledhill where he was called to the Singapore Bar as an Advocate & Solicitor in 2005. He created Purer Skin, a skincare and inner beauty company which melds the traditional wisdom of ancient Asian ingredients such as Bird's Nest with modern technology. In 2010, his partner and himself successfully raised $589,000 from the National Research Foundation of Singapore under the Prime Minister’s Office. He has played a key role in the growth of Purer Skin from 11 retail points in Singapore to over 755 retail points in Singapore and 2 overseas in less than a year. He taught himself graphic design, coding, website design and video editing to create the Purer Skin brand and finished his training at a leading Digital Media Company.
As the minister in charge of France’s economic policy in 2008, Christine Lagarde is no stranger to financial crises. During the 2008 Financial Crises, she described her encounter with her then U.S. counterpart, Treasury Secretary Henry “Hank” Paulson when news of the likely insolvency of Lehman Brothers, one of the world’s largest investment banks at the time, as,
“It’s like a tsunami was coming and we were discussing what bathing suit to wear.”
The institutions of American governance are curious in their reliance on convention. Which is all fine and dandy when you consider that conventional mindsets and more importantly, conventional minds prevail. But throw a spanner in the works and its easy to see how quickly and easily these conventions can thrown by the wayside. Take for instance a presidential candidate’s release of their tax returns — it’s not the law, it’s a convention. And the independence of the Federal Reserve from the Administration? A convention as well. So it should have come as no surprise that exactly one month ago, President Donald Trump railed against the Fed that the Fed had gone “crazy” by tightening monetary policy.
If you were in stocks in October, the rout in tech stocks and the overall malaise would have had you reaching for your pumpkin spice fix. And amidst the sharp drops in oil and European stocks, the dollar continued to ascend its peak for this year. Investors have ignored fiat currencies at their peril since the dollar started its slow ascent in April, around the time when cryptocurrencies also started their long slide, like an old man getting into a warm bath, even the new digital asset class was not spared global economic shifts.
While all the attention has been on how the world of finance would be disrupted by cryptocurrencies, the 800-pound gorilla in the room has been moving unnoticed. With companies such as Amazon dominating everything from the way we shop, to the way we are entertained and the very fabric of the internet (via Amazon Web Services), it would make sense that the tech juggernaut would sweep in on the last remaining bastion of our lives — finance. And in this regard, Amazon is not alone. Amazon, Google, Facebook and Apple have been expanding into payments and other financial services as the tech companies become even more dominant than ever in all aspects of our modern lives.
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