Karin Yorfido Appointed President of Broadridge Canada


To meet the continued growth of the Canadian market, global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) is pleased to announce the appointment of Karin Yorfido as President of Broadridge Canada. Yorfido succeeds Michael Dignam who will become Vice Chairman of Broadridge Canada, taking on an advisory role.

Yorfido, who is based in Toronto, will lead Broadridge’s Investor Communication Solutions (ICS) Canada and Global Technology and Operations (GTO) Canada businesses, reporting directly to Chris Perry, President of Broadridge. She brings 25 years of financial services and software solutions experience, including over two decades at RPM Technologies as the Executive Vice President of Business Development & Client Solutions.

“Karin is a proven leader with deep subject matter expertise across various sectors of the financial services industry and a clear understanding of the Canadian market and the evolving client focus and challenges driving industry and business transformation,” said Perry. “She has been a trusted partner for some of the biggest banks in helping them modernize and adapt and is the perfect candidate to continue growing Broadridge’s business in Canada, launching innovative solutions and leading complex client engagements.”

Since 2021, Yorfido has held the role of General Manager of GTO Canada. There, she worked closely with the GTO leadership team to further expand Broadridge’s GTO footprint in Canada, bringing new capabilities and next generation-technologies and solutions to Broadridge’s Canadian clients.

“The Canadian market is dynamic and I’m looking forward to working closely with my colleagues to help financial institutions meet the demands of evolving customer, business and regulatory needs,” said Yorfido. “We are focused on deepening client relationships and creating value through the full spectrum of innovative Broadridge capabilities and technology-enabled services to help clients grow and scale their business.”

After a 42-year career at Broadridge, Michael Dignam, former President of Broadridge Canada, will be moving into an advisory role, supporting Broadridge Canada as Vice Chairman. In this role, Michael will focus on relationship management to support retention, growth, and continuing to help promote Broadridge in the Canadian market.

“We are extremely appreciative of all of Michael’s work and efforts over the past several decades, helping transform and grow Broadridge Canada,” said Perry. “He has always been a role model and we thank him for his years of leadership.”

Broadridge has been an important provider of technology and services to the Canadian financial services industry for over 30 years. Providing solutions supporting Wealth Management, Capital Markets, Asset Management and Investor Communications clients include Canada’s leading financial services providers including Banks, Brokers, Insurance companies, Credit Unions and Asset Managers. Broadridge is engaged in continuous innovation to support the success of customers in a rapidly changing market and regulatory environment.


Zimmer Biomet Announces Appointment of New Chief Accounting Officer


Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, today announced the appointment of Paul Stellato as Vice President, Controller and Chief Accounting Officer.  Prior to joining Zimmer Biomet, Mr. Stellato served as Vice President, Finance, Global Business Services at Xylem Inc.

“With more than two decades of experience and a demonstrated track record of success in all areas of financial services, Paul will be a great addition to our leadership team in his new role,” said Suky Upadhyay, Executive Vice President and Chief Financial Officer of Zimmer Biomet.  “His experience and expertise in key finance areas including controllership, FP&A, investor relations and internal audit will be extremely valuable as we continue to drive our business forward.”

Prior to his most recent role at Xylem Inc., Mr. Stellato served as the company’s Vice President, Controller and Chief Accounting Officer and as Vice President Finance, Financial Planning and Analysis. Previously, he spent eight years at ITT Corporation, where he held various roles of increasing responsibility in the finance organization, including General Auditor and Manager, Investor Relations. Mr. Stellato spent the early part of his career in public accounting with both Andersen and Ernst & Young. He holds a Bachelor of Science degree in Accountancy from Villanova University and an MBA in finance from NYU Stern School of Business.  He is also a Certified Public Accountant.


Zimmer Biomet Announces First Quarter 2022 Financial Results


Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) today reported financial results for the quarter ended March 31, 2022.  The Company reported first quarter net sales from continuing operations of $1.663 billion, an increase of 3.9% over the prior year period, and an increase of 6.8% on a constant currency basis.  Net earnings from continuing operations for the first quarter were $73.0 million, or $337.4 million on an adjusted1 basis.

Diluted earnings per share from continuing operations were $0.35 for the first quarter, and adjusted diluted earnings per share from continuing operations were $1.61.

“We are encouraged by the better than expected results seen in Q1, driven by COVID recovery and continued execution by the Zimmer Biomet team.  This performance increases our confidence level for 2022 and we are raising and tightening our guidance accordingly,” said Bryan Hanson, Chairman, President and CEO of Zimmer Biomet.  “Our underlying business remains strong, fueled by innovation in our portfolio and an acceleration of our transformation activities.  I continue to be proud of how the Zimmer Biomet team is executing against our mission so that we can serve healthcare providers and their patients while delivering value for shareholders.”

1 Reconciliations of these measures to the corresponding U.S. generally accepted accounting principles measures
   are included in this press release.

Recent Highlights

Aligned with the ongoing transformation of Zimmer Biomet’s business, key first quarter highlights include:

  • Successful completion of the spinoff of ZimVie, Zimmer Biomet’s former spine and dental businesses, on March 1, 2022.
  • Launch of WalkAI™, a dynamic artificial intelligence (AI) model designed to predict which patients will have a lower walk speed at 90 days after hip or knee surgery. WalkAI, Zimmer Biomet’s first AI-based solution, adds powerful predictive analytic capabilities to ZBEdge™, a suite of integrated smart, digital and robotic technologies purposefully engineered to deliver transformative data-powered clinical insights with the goal of improving patient outcomes.
  • Receipt of key recognition and awards including: earning a 100 percent rating on the 2022 Human Rights Campaign (HRC) Foundation’s Corporate Equality Index, a globally recognized, national benchmarking survey on corporate policies, practices and benefits pertinent to LGBTQ+ workplace equity; ranking among the top 500 companies on Forbes’ list of America’s Best Large Employers for 2022; and inclusion in Fast Company’s list of Most Innovative Robotics Companies in 2022 for ROSA® Robotics, a multi-application platform that utilizes Zimmer Biomet’s leading implants and data technologies to redefine robotics by providing real-time insights to optimize patient outcomes.

ZimVie Spinoff Transaction

The Company completed the spinoff of ZimVie Inc. (ZimVie) on March 1, 2022.  The historical results of the spine and dental businesses that were contributed to ZimVie in the spinoff are excluded from net sales and expenses and reflected as discontinued operations in the Company’s Condensed Consolidated Statements of Earnings for the periods presented in this release.  The financial information presented in this release reflects the Company’s results on a continuing operations basis, and prior periods have been recast to conform to this presentation.

Geographic and Product Category Sales

In the three-month period ended March 31, 2022, the Company updated its geographic sales reporting.  Geographic results now are presented by a United States geography and an International geography.  Previously, net sales were reported by three geographies: Americas, EMEA, and Asia Pacific.

Prior period net sales have been reclassified to the current presentation, including reclassification of net sales related to the spine and dental businesses to discontinued operations.

Please see the attached schedules accompanying this press release for additional details on performance in the quarter, including net sales by Zimmer Biomet’s two geographies and four product categories.

The following sales table provides results by geography and product category for the three-month period ended March 31, 2022, as well as the percentage change compared to the prior year period, on both a reported basis and a constant currency basis.


(in millions, unaudited)





% Change

% Change

Geographic Results

United States


















Product Categories


United States
















United States












S.E.T. *















* Sports Medicine, Extremities, Trauma, Craniomaxillofacial and Thoracic

Financial Guidance

The Company is updating its full-year 2022 financial guidance to raise and tighten its previous projected ranges for revenue growth, foreign currency exchange impact and adjusted diluted EPS from continuing operations:

Projected Year Ending December 31, 2022



2022 Reported Revenue Change

(4.0)% – 0.0%

(1.5)% – 0.5%

Foreign Currency Exchange Impact



Adjusted Operating Profit Margin(1)

26.5% – 27.5%

26.5% – 27.5%

Adjusted Tax Rate(1)

16.0% – 16.5%

16.0% – 16.5%

Adjusted Diluted EPS from Continuing Operations(1)

$6.40 – $6.80

$6.65 – $6.85

(1) These measures are non-GAAP financial measures for which a reconciliation to the most directly comparable
      GAAP financial measure is not available without unreasonable efforts. See “Forward-Looking Non-GAAP
      Financial Measures.”

Conference Call

The Company will conduct its first quarter investor conference call today, May 3, 2022, at 8:30 a.m. ET.  The audio webcast can be accessed via Zimmer Biomet’s Investor Relations website at https://investor.zimmerbiomet.com.  It will be archived for replay following the conference call.


Pedro Arnt, MercadoLibre CFO, joins Aleph Group’s Board of Directors


Aleph Group, Inc (“Aleph” or “the Company”), a global partner to the world’s biggest digital media players, today announced that Pedro Arnt, Chief Financial Officer of MercadoLibre (NASDAQ: MELI), the largest Latin American e-commerce and fintech player, is joining Aleph’s Board of Directors. Arnt will also serve as Chair of the Audit Committee.

Arnt is widely recognized for his C-Level experience at MercadoLibre, one of the most successful global marketplaces and fintech companies. He joined MercadoLibre in 1999 and has served as CFO since 2011. He initially led MercadoLibre’s business development and marketing teams, and later managed the Company’s customer experience operations. Arnt was instrumental in MercadoLibre’s journey to become a public company when he served as Vice President of Strategic Planning, Treasury & Investor Relations. Before MercadoLibre, Arnt worked at The Boston Consulting Group.

MercadoLibre invested in Aleph in 2021, and is collaborating with Aleph to monetize advertising space on its digital properties in countries where MercadoLibre does not have local sales operations. Further, MercadoLibre and Aleph will partner to explore and collaborate on new business development opportunities in digital advertising.

“We are thrilled to welcome Pedro, and look forward to benefiting from his business and financial expertise,” states Gaston Taratuta, Founder and CEO of Aleph. “Pedro is a tremendous addition to the Board at a critical time in our corporate history as Aleph begins its next chapter. I’m extremely proud of what we have achieved over the course of the past 17 years and energized by what’s to come.”

“I met Gaston Taratuta nearly 20 years ago and have been inspired his ability to grow Aleph into the digital world’s connector,” said Arnt. “I have been consistently impressed by the evolution of the business and, most importantly, by the Company’s ability to execute and innovate for its partners. I look forward to working closely with the rest of the Board and leadership team through Aleph’s next phase of growth.”

This announcement follows the appointment of Imran Khan as Chairman of Aleph Group in 2021.


TF Holdings Announces the Launch of its Newest Lending Company, Rely Credit, Focused on the Latin Community


TF Holdings, Inc., a leading innovator of financial technology and services, announces the launch of its newest lending company, Rely Credit, which specializes in bilingual loan products that will be offered at participating retail partner locations that cater to the Spanish-speaking Latin community. We are honored to collaborate with our retail partners to offer this well-deserved credit opportunity to the customers they have served for years.

Rely Credit is focused on offering financial products to meet the unique borrowing needs of members of the Latin community in the United States. Despite being one of the fastest growing demographics in America, members of the Latin community are three times more likely to be underbanked than other consumers, according to the Federal Reserve. Rely Credit will focus on this need by providing Latino consumers access to the funds they need affordably, quickly, and conveniently – at participating retail partner locations they visit today.

Martin J. Wong, Chairman and CEO of TF Holdings, Inc. said, “We know that applying for a loan and taking that first step towards establishing credit can be difficult and often an emotional process. We have combined our 20+ years of lending and Fintech experience with the expertise and goodwill of our partners to provide a borrowing experience that is simple, convenient and more inclusive for this community.”

Everyone deserves fair access to credit regardless of their credit experience. Rely Credit will be the financial entry point for Latino consumers who may have been overlooked by traditional lenders. With our simplified and affordable products and the trust that our retail partners have built in their communities, we can help these customers establish the credit they deserve as they work to build their American Dream.


Yum China Establishes Southwest Supply Chain Support Center in Chengdu


Yum China Holdings, Inc. (the “Company” or “Yum China“, NYSE: YUMC and HKEX: 9987) announced the establishment of its Southwest Supply Chain Support Center in Chengdu’s Chongzhou district during a groundbreaking ceremony today.

The Southwest Supply Chain Support Center in Chengdu is Yum China’s first greenfield project, with a total investment of approximately RMB 183 million. It covers an area of approximately 34,000 square meters and is expected to be ready for service by mid-2022. The center combines integrated supply chain services, Internet of Things (IoT) technology, big data platforms and high-quality cold chain logistics facilities. It will further enhance Yum China’s supply chain capabilities and cold chain logistics service in Southwest China and support the Company’s rapid development.

“From the opening of the first KFC store in 1987, to over 10,000 stores in more than 1,500 cities today, a world-class smart, efficient and agile supply chain has always been essential to our growth,” said Joey Wat, CEO of Yum China. “The pandemic in 2020 reinforced Yum China’s determination to further invest in our supply chain infrastructure to better respond to external challenges. Looking forward, Yum China aims to create a stronger and more agile supply chain network to support the Company’s long-term growth, allowing us to reach the goal of 20,000 stores even faster.”

Since entering China more than 30 years ago, Yum China has invested heavily in the creation of a world-class supply chain management system that covers all stages from farm to fork. As of the end of 2020, Yum China had 25 logistics centers and 7 consolidation centers, covering more than 1,500 cities. Yum China also utilizes extra capacity of logistics facilities to provide one-stop customized solutions to third parties. An advanced and comprehensive cold chain design is employed at logistics facilities to ensure that the temperatures of chillers, freezers, inbound and outbound deliveries always meet Yum China’s standards.

Since 2016, Yum China has embarked on an intelligent supply chain initiative that utilizes big data, IoT, artificial intelligence, and other cutting-edge technologies. The Company has established an intelligent supply chain that ensures food safety and quality management throughout the value chain. Yum China’s intelligent IoT platform enables real-time monitoring of products and ambient temperature in in-transit vehicles across the country. The warehouse management system (WMS) is also in place to enable product e-tracking from suppliers to logistics centers, and to restaurants.

In the future, Yum China plans to step up investment in digital, logistics and other operational infrastructure, and work with partners to jointly build an innovative and industry leading supply chain.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “will,” “should,” “forecast,” “outlook,” “look forward to” or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations ” in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.


TD Holdings Inc. Enters into Letter of Intent to Acquire Digital Cloud Warehouse Software Copyrights in Commodity Storage


TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service provider in China, today announced that its subsidiary Tongdow (Hainan) Digital Technology Co., Ltd. (“Tongdow Hainan”) has entered into a letter of intent with Yunfeihu IoT Co. Ltd. (“Yunfeihu”) and Tongdow E-commerce Group Co., Ltd. (“Tongdow E-commerce”) on February 5, 2021 to acquire eight software copyrights for commodities storage in digital cloud warehouse.

Pursuant to the letter of intent by and among Tongdow Hainan, Yunfeihu and Tongdow E-commerce, Tongdow Hainan will acquire the following eight software copyrights from Tongdow E-commerce and Yunfeihu: Smart Hardware Management Platform System 3.0, Smart Storage System Management Software, Lecheng Smart HD Video Conference System V1.0, Smart Storage APP system, Flat Panel Vehicle APP System, Smart Storage Hans-Held Device APP System, Statistical Management of Account Transfer Fees of Warehouse Orders System V3.0, and Supply Chain Finance OA System V1.0. The parties have agreed that the consideration for the transfer of the software copyrights will be based on a valuation report from an independent third-party agreed upon by all parties. Tongdow E-commerce and Yunfeihu have agreed to be bound by an exclusivity period of 6 months with Tongdow Hainan for the transfer of the eight software copyrights pursuant to the LOI.

The Company aims to empower its existing digital cloud warehouse system with these blockchain technologies to provide support for more diversified settlement channels of commodity trades such as payments by bitcoin or other encrypted currencies. Meanwhile, such blockchain as well as internet of things (IoTs) technologies shall be applied to improve the efficiency of the Company’s warehouse order tracking system in order to standardize order management to prevent fabrications and cause orders to be more easily traceable.

The innovations would ensure a detailed recording of the trading, account transfer and other information such as place of origins as well as quality control of the goods in consideration, which effectively digitalizes the entire supply chain process and creates a safe environment for inventory management and financing activities that require precise information on the production, sales and other goods-related data based on the cloud warehouse system.

Ms. Renmei Ouyang, CEO of the Company commented, “The planned acquisitions represent us stepping forward to become a commodity trading platform that is technologically supported by blockchain and IoTs. These two important technologies help verify ownership of goods and turn physical assets into highly efficient and secure digital assets.”

Completion of the transaction is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive agreement and satisfaction of the conditions negotiated therein and of other customary closing conditions. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. Further, readers are cautioned that those portions of the LOI that describe the proposed transaction, including the consideration to be issued therein, are non-binding.