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4 NEWS 2.6.2022 Leeds-based recruiter Clear Edge expands igaming division with Malta office opening LEEDS-BASED international exec- utive search and selection business Clear Edge has opened an office in the Savoy Gardens, Gżira, to further enable its growth within the iGaming sector. The company chose Malta as it is a global iGaming hotspot and where several of its clients in the sector are located. These include Evolu- tion Gaming, Merkur Sportwetten, PressEnter and Hero Gaming. Over the last three years, Clear Edge's revenues from its iGaming division have grown almost 170 per cent. According to KPMG Malta, there are more than 300 iGaming companies lo- cated in the country employing over 8,000 professionals. The sector con- tributes in excess of ten per cent of Malta's overall gross domestic prod- uct (GDP). Clear Edge's iGaming division is fo- cused on placing candidates ranging from middle management to C-suite into both business-to-business pro- viders and business-to-consumer op- erators. This comprises a diverse mix of roles and functions across online sports betting, casino, lottery, poker or any other gaming vertical markets. Clear Edge has two consultants oper- ating in Malta, Luke Imeson and Dan Bowler, who are supported by director and head of iGaming, Terry Batty. Commenting on the new office, Terry said: "The success of our iGa- ming division has exceeded expecta- tions. The opening of our Malta office demonstrates our commitment to fur- ther supporting our clients and candi- dates in the country and is a key part of our continued growth strategy. "We are already on the lookout for more consultants to join Luke and Dan in our Malta office and are con- fident about expanding the scope and reach of our operations now that we are open for business." Clear Edge was founded in 2011 and employs 25 people. In addition to iG- aming, the company also operates in the consumer goods and technology sectors. Tom Fox, director, Clear Edge, add- ed: "We are experiencing ongoing growth across all aspects of our busi- ness and have planned to double our headcount within the next three years. "These are exciting times at Clear Edge. We are confident our approach of building long-term relationships that sees us become an extension of our clients' businesses will drive our continued success." From left, Clear Edge directors Tom Fox and Terry Batty Impact-Investing fintech opens Malta base Prometheus, a fintech company with operations in Silicon Valley and Athens, Greece includes Malta in its growth plans PROMETHEUS Technologies is in the process of establishing a base in Malta and will benefit from the very high calibre of post-graduate talent in machine learning and investment research which is fostered by the University of Malta. This investment will be supported through financial backing from Mal- ta Enterprise, the development agen- cy of the Maltese Government of up to €1M. Prometheus' CEO, Grigorios Pa- pamanousakis, said: "We are delight- ed to be expanding our presence in Europe via this support from Malta Enterprise and we look forward to extending our lead in delivering val- ues-driven, AI investing into the re- tail market. This support will be used to greatly increase our R&D efforts in the areas of AI technology and values-driven impact investing. Our mission is to truly personalize asset management and, through our partners, deliver institutional grade investing to re- tail customers for the first time. Our Maltese R&D team will help build the technology to deliver a solution through which investors can have control over how their money is in- vested and quantify the impact of their investments in the society and the world in general". Malta Enterprise Chief Executive Officer Kurt Farrugia said: "We wel- come Prometheus Technologies to the growing list of fintech startups from which we are seeing a grow- ing interest in Malta. Choosing the Maltese ecosystem for its supportive environment and Malta as their op- erational base as they develop their innovative intellectual property in partnership with our world class University and talent pool demon- strates the fruitful results of Malta Enterprise's assistance for startups''. James Hughes, Chief Executive Of- ficer of Vedra Partners and board advisor at Prometheus, previously Global Head of Dynamic Solutions at Natixis Investment Managers, and Global Head of Solutions at Aber- deen Asset Management said: "Pro- metheus is unique in delivering truly personalized asset management. The support of Malta Enterprise will help drive the company's expansion into the banking, insurance and pension markets, ensuring that AI-driven sys- tematic investing is available through partners to retail investors across these industries. The opportunity to allow individuals to invest based on their own values creates a significant edge" The Company's leadership, its in- vestors and advisors have a strong background in asset management. Many of the team are former Ab- erdeen Asset Management profes- sionals and are pioneers in machine learning investing. Prometheus has been working on the solution in stealth mode for the last two years. Prometheus enables partners, in- cluding fintech's, banks, brokers, insurers and pension providers, to offer scalable, accessible institution- al grade investing to their retail cus- tomers. The company has developed a turnkey solution – based on AI in- vesting – which offers alpha genera- tion, as well as enabling each investor to have a personalized portfolio, and is designed to scale.

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