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FINGERPRINT STUDY OF 1000 SINGAPOREANS SHOWS HIGH SELF-MANAGEMENT AND RESILIENCE TRAITS: BRILLIANAIRE

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Brillianaire’s dermatoglyphic personality and potential testing uncovers major personality traits of Singaporeans across all agesSingapore firm believes such data will help Singapore chart a better future by tapping on its strongest resource: people

SINGAPORE, Aug. 23, 2024 /PRNewswire/ — Brillianaire, Singapore’s first self-development consultancy to use dematoglyphics services extensively for children and adults, has for the first time, collated data collected from more than 1,000 Singaporeans to provide a preliminary indication of what drives its citizens.

Singapore’s true wealth lies in its people and the founding father of Singapore, the late Mr Lee Kuan Yew, would be heartened to know that three generations of talent cultivation and training have cultivated a population with exceptional resilience and high intrapersonal intelligence, as shown through a fingerprint analysis of its citizens.  

Brillianaire’s sample size of 1,000 dermatoglyphics data includes both adults and children. While innate traits such as resilience and self-management are strong across all age groups, the data appears to show that Singapore’s older generation are born with a higher degree of self-management skills compared to its younger generation – indicative of the fortitude of the founding generation of Singaporeans perhaps?

Upon being presented with this data, Ovidia Ong, the founder of Brillianaire thought, “This is so Singaporean”.  She then went on to verify the data against her partner’s data of Hong Kongers, which showed an entirely different set of inborn characteristics.

“I was thrilled to discover that indeed, Singaporeans rank very high in self-management and adaptability – both traits that showcase our resilience and ability to self-regulate,” adds Ovidia. The charts of both datasets are shown Appendix A.

The 200-Year Science of Dermatoglyphics: Linking Fingerprints to Brain Development

In the past, when doctors discovered babies born without brains, they also noted the absence of fingerprints as well. This led medical experts to believe that the brain was linked to the fingerprints. Later medical research determined that fingerprints and the neocortex develop simultaneously, which established a scientific relationship between fingerprints and brain function. Depending on ridges, line types and direction, an individual’s personality type and brain dominance could also be determined at birth, leading to experts developing dermatoglyphics tests to help one ascertain their inborn traits.

Dermatoglyphics is the scientific study of fingerprints to determine a person’s inborn traits, characteristics and potential. 200 years ago, in 1823, John E Purkinji published his thesis on fingerprint patterns classification and in 1892 Sir Francis Galton (Charles Darwin’s anthropologist cousin) scientifically established that fingerprints were individualistic and permanent. In 1920 Elizabeth Wilson started analysing brains scientifically to check on the differences between people with schizophrenia, low intelligence and normal people and in 1926 Dr Harold Cummings coined the word dermatoglyphics. He is recognised as the ‘Father of Dermatoglyphics’ for his lifetime studies of ridge patterns found on the palms of human hands. His methodology is used commonly in the diagnosis of some types of mental retardation and schizophrenia amongst others. 

Dermoglyphics was also by the former USSR in the 1970s to select its candidates for the Olympics – as it turned out, the USSR took home 50 and 125 gold medals in 1972 and 1976 respectively.

Singapore’s Future Through Its Fingerprints?

Through Brillianaire’s data, it shows that Singaporeans have high self-management, resilience, scientific aptitude and lower artistic inclination, all seemingly aligning with our overall direction, academic success and professional resilience as a nation.

“While preliminary analyses also show that Singaporeans excel in scientific careers and generally not in sporting or artistic careers, this is just a generalisation of what we are best at. Among us, there are sporting and artistic talents who should be cherished as truly unique and not within the norm,” adds Ovidia.

Brillianaire is excited to share its initial findings, which may benefit city planners, strategists, and human resource departments. The company plans further analyses to create a detailed white paper on ‘What Is the Singaporean Made Up Of?’ for general use.

“For now, I am just happy to share our data so that whoever finds it interesting may reach out to us, to take the guesswork out of what they are best at, what job they would excel in, or which role is best suited for which individual.  At Brillianaire, we believe that the use to dermatoglyphics will also enhance a parent’s relationship with their child as they will better understand how to hone and guide them based on their inherent personality traits,” concludes Ovidia.

For more information on Brillianaire’s services, visit www.brillianaire.sg.

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Appendix A: Datasets of fingerprints collected from Singapore and Hong Kong.

Appendix B: Case study: From Confused Student to Dean’s Lister and Testimonials

Appendix C: Details on Dermatoglyphics and Brillianaire Services

Appendix D: List of Partners: Dermatoglyphics Testing for Every Child

Appendix E: Biography of Ovidia Ong, Founder of Brillianaire

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Brillianaire Group Pte Ltd

Address: 8 Ubi Road 2 #08-28 Zervex Singapore 408538

Email: contact@brillianaire.com.sg

Appointments: https://brillianaire.sg/contact/

Website: www.brillianaire.sg

Facebook: www.facebook.com/Brillianaire.sg

Instagram: www.instagram.com/brillianaire.sg

Pinterest: www.pinterest.com/Brillianairesg

LinkedIn: www.linkedin.com/in/ovidia-ong

Official Hashtags: #brillianaire #brillianairesg #nurturingbrillianaires #maximiseyourbrilliance

Download high-resolution images from this link here.

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About Brillianaire Group Pte Ltd

Brillianaire is dedicated to facilitating the journey of self-discovery for individuals. Understanding the intrinsic uniqueness of each person, reports provide profound insights, allowing parents to better comprehend their children and employers to gain valuable insights into their teams.

Founded in 2019 by Ovidia Ong and Irene Ong, Brillianaire has experienced remarkable growth, forging partnerships with preschools locally and internationally, as well as enrichment and tuition centres. Their active involvement in numerous events has raised awareness of their reports, positively impacting educators, parents, and individuals. Moving forward, Brillianaire remains steadfast in its commitment to making a meaningful difference in society by empowering individuals to embrace the wonders of self-discovery.    

To date, Brillianaire has provided dermatoglypics testing and consultancy to more than 3,000 children and adults.

For more information on Brillianaire, visit www.brillianaire.sg.

APPENDIX A

DERMATOGLYPHICS DATASETS

APPENDIX B

CASE STUDY: FROM CONFUSED STUDENT AT 5 TO A DEAN’S LISTER AT 19

Five years old and facing confusion in the classroom, Mignon Low left her worried mother deeply concerned about her learning and future prospects. Traditional methods seemed to leave Mignon behind, and a sense of frustration hung heavy in the air. Desperate to find a solution, Mignon’s mother turned to dermatoglyphics.

The analysis proved to be a turning point. With a newfound understanding of her daughter’s strengths and weaknesses and unique learning style, characterised by a slower learning speed and a strong auditory preference, Mignon’s mother was empowered to craft a personalised learning journey for her. This was not just about adding enrichment activities; it involved strategic adjustments. Some existing classes, while well-intentioned, were not the optimal fit. By strategically focusing on targeted methods and allowing Mignon the time she needed to absorb information, a dramatic shift began.

Fast forward 14 years later, and the transformation is undeniable. The once-struggling student has blossomed into a confident young woman. At just eight years old, she had the courage to step onto the stage as an emcee for a school event. Her dedication to piano resulted in her achieving the highest grade, Grade 8 – a testament to her perseverance and focused learning. At school, Mignon also received numerous awards for “Most Outstanding Performance” and at 19 consistently found herself on the Dean’s List – a roll of honour for the best academically-performing students of each cohort.

Brillianaire’s programme was not a quick fix – it was a roadmap to unlocking Mignon’s full potential. By understanding her learning style and tailoring her education accordingly, it transformed a path of struggle into one paved with success and confidence.

For more testimonials, visit www.brillianaire.com/testimonials.

APPENDIX C

DETAILS ON DERMATOGLYPHICS AND BRILLIANAIRE SERVICES

Brillianaire specialises in dermatoglyphic personality testing to unlock individual potential. By analysing fingerprints, the company reveals innate traits and qualities guiding personal development, career choices, and educational methods. Unlike surface-level assessments, Brillianaire’s methodology uncovers inherited traits and hidden potentials, empowering individuals to live true to their essence. Brillianaire also offers tailored solutions with customised reports, aiding organisations and individuals in making informed decisions.

Shaping Future Generations

Brillianaire’s services go beyond simply offering insights – they empower parents, educators, and even children themselves to unlock their full potential. By identifying a child’s innate strengths and learning preferences early on, we can work together to develop tailored educational approaches. This fosters a generation that is both resilient and thrives in their respective fields.

Brillianaire’s services are not only valuable for corporate Human Resource departments seeking to identify the best-fit employees but also for parents and schools looking to discover the most effective learning methods and educational approaches to unleash a child’s full potential. As a trailblazer in the field, Brillianaire is paving the way for a future where personal and professional growth are grounded in a profound understanding of our inherent capabilities.

In today’s fast-paced world, people of all ages grapple with challenges that can leave them feeling overwhelmed and lost. Academic pressure, social anxieties, and a rapidly changing environment can negatively impact well-being. Traditional methods often fall short, leaving individuals searching for effective tools to navigate these complexities.

A Bar Code With More Than 2000 Years Of History

Fingerprints have been established as the “bar code” that identifies each individual in the human species. Why are fingerprints so unique and irreplaceable? What is the secret behind these peculiar markings?  We have known for more than 2,000 years that the patterns forming fingerprints are unique to each individual, although we have only been studying the reason why for 2 centuries. Brillianaire’s report will review some of the things that your fingerprints say about you from fascinating scientific perspectives.

The Step-by-Step Process of Dermatoglyphics

The dermatoglyphics process at Brillianaire involves a thorough and structured approach to ensure accurate and actionable insights.

It begins with an initial consultation to understand the client’s needs and explain the process.Next, high-quality fingerprint samples are collected using a digital scanner.These samples are then analysed using Brillianaire’s proprietary software, which identifies unique fingerprint patterns and correlates them with specific personality traits and potential.The data is compiled into a comprehensive report, detailing the individual’s strengths, weaknesses, learning styles, and potential career paths.Finally, a personalised consultation is conducted to review the findings and provide tailored development strategies.

This non-invasive and scientifically-backed process ensures that each client receives a detailed and reliable analysis to guide their personal and professional growth.

More information on the benefits of dermatoglyphics here.

Types of dermatoglyphics reports and services provided by Brillianaire: 

1)Inborn Potential Comprehensive Analysis (SGD 1,000)

2)Inborn Potential Analysis and Personal Development Strategy (SGD 250)

3)Inborn Personality Traits and Effective Communication Strategy (SGD 250)

4)Happiness Lab (SGD 60 per person)

The Brillianaire Happiness Lab provides a supportive environment where children can explore their strengths and develop strategies for navigating challenges. Using a blend of psychology, neuroscience, and potential identification, expert coaches craft personalised paths to well-being. This initiative focuses on fostering emotional intelligence, mastering stress management techniques, and nurturing a love for lifelong learning.

APPENDIX D

BRILLIANAIRE PARTNERS: DERMATOGLYPHCS TESTING FOR EVERY CHILD

ART Speaks Studio

Location           : 87-A Serangoon Garden Way, Serangoon Garden Estate, Singapore 555983

Opening Hours  : Tuesday to Friday, 10:00 AM – 6:30 PM; Saturday, 9:00 AM – 5:00 PM; Sunday, 9:00 AM – 12:30                                          PM; Closed on Monday and Public Holidays

Phone               : +65 9656 3657

Email                : enquiries@artspeaksstudio.com.sg

Chameleo Kidz Academy

Location           : 7500A Beach Road, #02-320 The Plaza, Singapore 199591

Opening Hours  : Monday to Friday, 9:00 AM – 6:00 PM

Phone               : +65 6747 7710

Email                : info@chameleokidz.com

Edufarm

Location           : Blk 153, #01-340 Bishan Street 13, Singapore 570153

Opening Hours  : Monday to Friday, 9:00 AM – 5:00 PM

Phone               : +65 6255 4567

Email                : admin@edufarm.com.sg

Genius R Us

Location:          City Square Mall, 180 Kitchener Road, #07-08, Singapore 208539

Opening Hours  : Monday to Friday, 10:00 AM – 7:00 PM; Saturday, 10:00 AM – 5:00 PM; Closed on Sunday

Phone               : +65 6634 6020

Email                : info@geniusrus.com

Helen O’ Grady Drama Academy

Location           : 5 Tank Road, #04-06, Singapore 238061

Opening Hours  : Monday to Friday, 10:00 AM – 6:00 PM

Phone               : +65 6836 6345

Email                : admin@helenogrady.sg

Kindermusik

Location           : Forum The Shopping Mall, 583 Orchard Road, #04-00, Singapore 238884

Opening Hours  : Monday to Friday, 9:00 AM – 6:00 PM; Saturday, 9:00 AM – 5:00 PM; Closed on Sunday

Phone               : +65 6737 2166

Email                : info@kindermusikwithlove.com

Kodecoon

Location           : 3 Temasek Boulevard, Suntec City Tower 2, Singapore 038983

Opening Hours  : Monday to Friday, 10:00 AM – 6:00 PM

Phone               : +65 9820 7270

Email                : support@kodecoon.com

Midiworld

Location           : 14A Trengganu Street, Singapore 058468

Opening Hours  : Monday to Friday, 10:00 AM – 7:00 PM; Saturday and Sunday, 10:00 AM – 5:00 PM

Phone               : +65 6222 3121

Email                : info@midiworld.com.sg

MyArtStudio

Location           : Various location

Opening Hours  : Varies by location

Contact             : Varies by location

Reubiks Academy

Location           : 545 Orchard Road, #04-15, Far East Shopping Centre, Singapore 238882

Opening Hours  : Monday to Friday, 10:00 AM – 8:00 PM; Saturday, 10:00 AM – 6:00 PM; Closed on Sunday

Phone               : +65 6732 4434

Email                : info@reubiksacademy.com

SG Basketball

Location           : 350 East Coast Road, #01-180, Singapore 428981

Opening Hours  : Varies by location

Phone               : +65 9101 4661

Email                : info@sgbasketball.com

School of Robotics

Location           : 10 Anson Road, #26-04 International Plaza, Singapore 079903

Opening Hours  : Monday to Friday, 10:00 AM – 6:00 PM; Saturday, 9:00 AM – 1:00 PM; Closed on Sunday

Phone               : +65 6850 5110

Email                : enquiry@schoolofrobotics.com.sg

Silversnow Music School

Location           : 50 East Coast Road, #02-73, Roxy Square Shopping Centre, Singapore 428769

Opening Hours  : Monday to Friday, 11:00 AM – 9:00 PM; Saturday, 9:00 AM – 6:00 PM; Sunday, 10:00 AM – 6:00 PM

Phone               : +65 6348 3111

Email                : info@silversnowmusic.com

Smart Arts Studio

Location           : 151 Chin Swee Road, #03-28, Manhattan House, Singapore 169876

Opening Hours  : Monday to Friday, 10:00 AM – 7:00 PM; Saturday, 9:00 AM – 6:00 PM; Closed on Sunday

Phone               : +65 6533 3330

Email                : info@smartartsstudio.com

Small Giant Music

Location           : 865 Mountbatten Rd, #06-22 Katong Shopping Centre, Singapore 437844

Opening Hours  : By appointment only

Phone               : +65 8030 5452

Email                : hello@smallgiantmusic.sg

Starrific

Location           : 2 Pandan Valley, #01-202, Singapore 597626

Opening Hours  : Monday to Friday, 1:00 PM – 9:00 PM; Saturday, 9:00 AM – 5:00 PM; Closed on Sunday

Phone               : +65 6467 0253

Email                : info@starrific.com.sg

Star Tots

Location           : Various locations

Opening Hours  : Varies by location

Contact             : Varies by location

The Little Things

Location           : 244N Upper Thomson Road, Singapore 574369

Opening Hours  : Monday to Friday, 10:00 AM – 6:00 PM; Saturday and Sunday, 9:00 AM – 5:00 PM

Phone               : +65 6456 3140

Email                : info@thelittlethings.sg

White Canvas Studio

Location           : 16 Shaw Road, #03-01, Singapore 367954

Opening Hours  : Monday to Friday, 11:00 AM – 7:00 PM; Saturday, 10:00 AM – 6:00 PM; Closed on Sunday

Phone               : +65 6280 4185

Email                : enquiries@whitecanvas.com.sg

Young Nautilus

Location           : 80 Marine Parade Road, #01-25 Parkway Parade, Singapore 449269

Opening Hours  : Monday to Sunday, 9:00 AM – 9:00 PM

Phone               : +65 6344 8484

Email                : info@youngnautilus.com

APPENDIX E

SPOKESPERSON BIOGRAPHY: OVIDIA ONG, FOUNDER AND DIRECTOR OF BRILLIANAIRE

Certified Brain Coach and MOE Trainer On Holistic Development

Ovidia Ong, 49, is the Director and Founder of Brillianaire, a leading organisation dedicated to guiding parents, educators, and individuals on a journey of holistic development through self-discovery via the science of Dermatoglyphics.

With over 10 years of experience at Brillianaire, Ovidia has passionately led her team to provide exceptional experiences that surpass client expectations and transform lives. Under her leadership, Brillianaire has served over 2000 clients, ranging from families and childcare centres to corporate teams, with numerous success stories to her credit.

Ovidia’s expertise extends beyond her role as Director, as evidenced by her diverse skill set and commitment to continuous learning. She holds a Brain Coach Certificate from Brain Academy, equipping her with coaching and mentoring skills, as well as proficiency in brain analysis. Additionally, Ovidia has completed courses in Child Psychology, Life Coaching and The Science of Wellbeing from New Skills Academy and Yale University. These credentials reflect her dedication to enhancing her knowledge in psychology, mental health, life coaching, and leadership, ensuring she remains at the forefront of her field.

With a mission-driven approach and a wealth of expertise, Ovidia is committed to empowering individuals to become the best versions of themselves, driving positive change and fostering growth within her community.

www.linkedin.com/in/ovidia-ong-52b788141/

 

View original content:https://www.prnewswire.com/apac/news-releases/fingerprint-study-of-1000-singaporeans-shows-high-self-management-and-resilience-traits-brillianaire-302229283.html

SOURCE Brillianaire Group Pte Ltd

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Marine Biological Laboratory Appoints Nicole A. Theodosiou as Burroughs Wellcome Director of Education

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WOODS HOLE, Mass., July 23, 2026 /PRNewswire/ — The Marine Biological Laboratory (MBL) has appointed Nicole A. Theodosiou, Ph.D., as its next Burroughs Wellcome Director of Education at the Marine Biological Laboratory. She will join the MBL on September 8.

Theodosiou brings more than two decades of experience in science education, academic leadership, and program development. She joins the MBL from Union College in Schenectady, New York, where she held a number of leadership roles focused on curriculum innovation, faculty development, and undergraduate STEM education. Most recently, she served as Special Projects Director for Initiatives in Pedagogy & Course Design. Previously, she directed the Howard Hughes Medical Institute Inclusive Excellence Initiative, led the Biochemistry Program, and served as a faculty member in the Department of Biology.

Throughout her career, Theodosiou has developed interdisciplinary educational programs, led faculty development initiatives, and advanced innovative approaches to teaching and learning. She is a member of the Society for Developmental Biology Academy and served on the Society’s Board of Directors as chair of its Professional Development and Education Committee, where she helped create professional development programs and educational resources for scientists nationwide.

At the MBL, Theodosiou will lead the institution’s educational programs, including its internationally renowned Advanced Research Training Courses (ARTCs), undergraduate and high school programs, and other educational initiatives that support the Laboratory’s mission of advancing biological discovery through research and education.

“Education has been central to the MBL’s mission since our founding in 1888,” said Nipam H. Patel, Director of the MBL. “Nicole brings a remarkable combination of scientific expertise, educational leadership, and strategic vision. Her commitment to experiential learning and developing innovative educational programs makes her an outstanding addition to our leadership team as we work to magnify the MBL’s educational impact for the next generation of scientists. “

Theodosiou has maintained a longstanding connection to the MBL throughout her career. She participated in the Laboratory’s Gene Regulatory Networks course in 2015, collaborated with the Marine Resource Center in support of her research, and has mentored students who have participated in MBL educational programs. She has described the MBL’s educational ecosystem as “unparalleled” and its tradition of learning by doing as closely aligned with her own philosophy of science education.

“The MBL has always been a place where scientific discovery and education go hand in hand,” said Theodosiou. “Its tradition of learning by doing and global community has inspired generations of researchers, including myself. I’m honored to join the MBL community and look forward to strengthening and building on its extraordinary legacy to inspire and train the next generation of scientists. “

Theodosiou earned a Ph.D. in Genetics from Yale University and a bachelor’s degree in biology from Swarthmore College. Her research as a developmental biologist has focused on vertebrate evolution and development, while her educational leadership has emphasized creating accessible, research-driven learning environments that integrate science, education, and communication.

About the Marine Biological Laboratory

The Marine Biological Laboratory (MBL) is dedicated to scientific discovery—exploring fundamental biology, understanding biodiversity and the environment, and informing the human condition through research and education. Founded in Woods Hole, Massachusetts, in 1888, the MBL is a private, nonprofit institution.

Media Contact:
Samantha Cummis
Scummis@mbl.edu
973-800-4118

View original content to download multimedia:https://www.prnewswire.com/news-releases/marine-biological-laboratory-appoints-nicole-a-theodosiou-as-burroughs-wellcome-director-of-education-302833514.html

SOURCE Marine Biological Laboratory

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Marine Biological Laboratory Appoints Nicole A. Theodosiou as Burroughs Wellcome Director of Education

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WOODS HOLE, Mass., July 23, 2026 /PRNewswire/ — The Marine Biological Laboratory (MBL) has appointed Nicole A. Theodosiou, Ph.D., as its next Burroughs Wellcome Director of Education at the Marine Biological Laboratory. She will join the MBL on September 8.

Theodosiou brings more than two decades of experience in science education, academic leadership, and program development. She joins the MBL from Union College in Schenectady, New York, where she held a number of leadership roles focused on curriculum innovation, faculty development, and undergraduate STEM education. Most recently, she served as Special Projects Director for Initiatives in Pedagogy & Course Design. Previously, she directed the Howard Hughes Medical Institute Inclusive Excellence Initiative, led the Biochemistry Program, and served as a faculty member in the Department of Biology.

Throughout her career, Theodosiou has developed interdisciplinary educational programs, led faculty development initiatives, and advanced innovative approaches to teaching and learning. She is a member of the Society for Developmental Biology Academy and served on the Society’s Board of Directors as chair of its Professional Development and Education Committee, where she helped create professional development programs and educational resources for scientists nationwide.

At the MBL, Theodosiou will lead the institution’s educational programs, including its internationally renowned Advanced Research Training Courses (ARTCs), undergraduate and high school programs, and other educational initiatives that support the Laboratory’s mission of advancing biological discovery through research and education.

“Education has been central to the MBL’s mission since our founding in 1888,” said Nipam H. Patel, Director of the MBL. “Nicole brings a remarkable combination of scientific expertise, educational leadership, and strategic vision. Her commitment to experiential learning and developing innovative educational programs makes her an outstanding addition to our leadership team as we work to magnify the MBL’s educational impact for the next generation of scientists. “

Theodosiou has maintained a longstanding connection to the MBL throughout her career. She participated in the Laboratory’s Gene Regulatory Networks course in 2015, collaborated with the Marine Resource Center in support of her research, and has mentored students who have participated in MBL educational programs. She has described the MBL’s educational ecosystem as “unparalleled” and its tradition of learning by doing as closely aligned with her own philosophy of science education.

“The MBL has always been a place where scientific discovery and education go hand in hand,” said Theodosiou. “Its tradition of learning by doing and global community has inspired generations of researchers, including myself. I’m honored to join the MBL community and look forward to strengthening and building on its extraordinary legacy to inspire and train the next generation of scientists. “

Theodosiou earned a Ph.D. in Genetics from Yale University and a bachelor’s degree in biology from Swarthmore College. Her research as a developmental biologist has focused on vertebrate evolution and development, while her educational leadership has emphasized creating accessible, research-driven learning environments that integrate science, education, and communication.

About the Marine Biological Laboratory

The Marine Biological Laboratory (MBL) is dedicated to scientific discovery—exploring fundamental biology, understanding biodiversity and the environment, and informing the human condition through research and education. Founded in Woods Hole, Massachusetts, in 1888, the MBL is a private, nonprofit institution.

Media Contact:
Samantha Cummis
Scummis@mbl.edu
973-800-4118

View original content to download multimedia:https://www.prnewswire.com/news-releases/marine-biological-laboratory-appoints-nicole-a-theodosiou-as-burroughs-wellcome-director-of-education-302833514.html

SOURCE Marine Biological Laboratory

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Canada’s investment industry and business community welcome Ontario’s commitment to join regulatory passport system

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Industry, business, and professional associations voice strong support for greater regulatory harmonization and a more competitive Canadian economy

TORONTO, July 23, 2026 /CNW/ — Canada’s investment industry and business community welcome Ontario’s commitment to join the country’s securities regulatory passport system, marking a significant step toward greater regulatory harmonization and a more efficient and competitive Canadian capital market.

A coalition of associations representing firms and professionals from across Canada’s capital markets sector, together with a broad cross-section of the business community, strongly supports the announcement by Ontario Finance Minister Peter Bethlenfalvy at the recent meeting of Canada’s finance ministers, convened by Federal Finance Minister Francois-Philippe Champagne, and supported by their provincial and territorial counterparts.

Ontario’s participation in the passport system will make it easier for firms to operate and raise capital across Canada, while reducing unnecessary regulatory duplication and costs. More broadly, it advances the national effort to remove internal trade barriers, boost productivity and strengthen Canada’s economic competitiveness.

The passport system has already demonstrated that greater regulatory coordination can be achieved while respecting provincial jurisdiction. Participating regulators retain their authority and distinct roles, while firms benefit from a system in which decisions made by a principal regulator are generally recognized across participating jurisdictions.

Ontario’s participation creates an opportunity not only to reduce duplication but also to strengthen the system as a whole. A more integrated model can better leverage the expertise and capabilities of regulators across the country, creating opportunities for greater regulatory specialization and leadership in areas where individual jurisdictions have particular strengths.

For firms, greater harmonization means more predictable regulation, less duplication, and a more efficient regulatory environment. For investors, it supports a framework that maintains strong investor protection while responding more effectively to an increasingly complex and competitive global marketplace. For Canada, it helps create a more attractive environment in which to invest, launch new products and raise capital.

This coalition stands ready to work with governments and securities regulators across Canada to support Ontario’s timely and successful implementation of the passport system and build on the progress already made. We encourage all parties to move quickly to bring Ontario into the existing framework, while preserving the features that have made the passport system work so effectively.

Ontario’s commitment is a milestone and an important step toward a more integrated, efficient and competitive capital market that will strengthen the Canadian economy and better serve Canadian investors and businesses.

About the coalition

The Canadian Bankers Association (CBA) is the voice of more than 60 domestic and foreign banks that help drive Canada’s economic growth and prosperity. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals. 

The Canadian ETF Association (CETFA) is the national voice of Canada’s ETF industry, representing approximately 96 per cent of exchange traded fund (ETF) assets in Canada. CETFA promotes the growth, sustainability and integrity of Canada’s ETF industry. It keeps investment professionals informed about ETF developments, educates investors about ETFs and their benefits, and debunks ETF myths.

CFA Societies Canada is a collaboration of the 12 Canadian CFA Institute member societies, representing over 21,000 CFA charter holders in Canada. Its mission is to lead the investment profession in Canada by advancing the highest professional standards, integrity, and ethics for the ultimate benefit of Canadian society.

Chartered Professional Accountants of Canada (CPA Canada) is one of the most influential accounting organizations in the world. As a non-regulatory body comprised of individual CPA members, CPA Canada supports the profession and represents Canadian CPAs at the national and international levels. Nationally, CPA Canada acts in the public interest to promote transparency in financial markets, prepares CPAs for a rapidly evolving business environment through extensive guidance and programming and contributes to standard setting and policy making. Globally, CPA Canada works together with international bodies to build a stronger accounting profession worldwide. Its dedicated efforts help shape public policy, influence regulatory frameworks and establish high professional standards that reflect the evolving needs of the accounting industry.

The Alternative Investment Management Association (AIMA) is the global representative of the alternative investment industry, with around 2,100 corporate members in over 60 countries. AIMA’s fund manager members collectively manage more than US$4 trillion in hedge fund and private credit assets. AIMA draws upon the expertise and diversity of its membership to provide leadership in industry initiatives such as advocacy, policy and regulatory engagement, educational programs and sound practice guides. AIMA works to raise media and public awareness of the value of the industry. AIMA set up the Alternative Credit Council (ACC) to help firms focused in the private credit and direct lending space. The ACC currently represents over 250 members that manage US$2 trillion of private credit assets globally. AIMA is committed to developing skills and education standards and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) – the first and only specialized educational standard for alternative investment specialists. AIMA is governed by its Council (Board of Directors). AIMA was founded in 1990, with the AIMA Canada subsidiary formed in 2003.

The Ontario Chamber of Commerce (OCC) is the indispensable partner of business and Canada’s largest, most influential provincial chamber. It is an independent, non-profit advocacy and member services organization representing a diverse network of 60,000 members. The OCC convenes, mobilizes and empowers business and local chambers in pursuit of its purpose: to bring inclusive and sustainable prosperity to Ontario’s businesses, workers, and communities.

The Pension Investment Association of Canada (PIAC) has been the foremost voice for Canadian pension funds in matters related to pension investment and governance since 1977. PIAC is composed of over 130 of the largest pension plans in the country who manage over $3.5 trillion of assets on behalf of millions of Canadians. Its mission is to promote sound investment practices and good governance for the benefit of plan sponsors and beneficiaries.

The Portfolio Management Association of Canada (PMAC) represents over 300 asset management firms that manage more than $4 trillion in assets. Members are all fiduciaries managing investments in the best interests of their clients, which include private individuals, foundations, universities and pension plans. PMAC employs a collaborative information-sharing business model and advocates on behalf of its members on securities regulation and government policy matters. The association’s mission is to advocate the highest standards of unbiased portfolio management in the interest of investors served by members.

The Securities and Investment Management Association (SIMA) empowers Canada’s investment industry. The association, formerly The Investment Funds Institute of Canada (IFIC), is the leading voice for the securities and investment management industry, which oversees approximately $4.5 trillion in assets for over 20 million investors and the Canadian capital markets. Our members–including investment fund managers, investment and mutual fund dealers, capital markets participants, and professional service providers–are committed to creating a resilient, innovative investment sector that fuels long-term economic growth and creates opportunities for all Canadians.

SOURCE Securities and Investment Management Association

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