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Member Feature – Xe

Xe, “the world’s trusted currency authority”, are a part of the Euronet (NASDAQ:EEFT) family, a global provider in international payments and foreign exchange risk management for individuals, businesses and larger corporations. On a daily basis we help our clients reduce costs of sending money internationally by providing preferential rates of exchange and eliminating wire fees on their cross-border transactions. There are no charges to having an account with Xe, and we are here anytime you need to send money internationally. Whether you are sending money home, paying suppliers or funding multi-national offices, Xe can provide value in competitive exchange rates and market guidance. Last week, Xe released a North American Market perspective. Click here to read the report.


President’s Message – November 2020

Dear BABCPHL Members and Friends,

I hope this message finds you well and safe. Testament to our global reach, we continue to offer robust programing in partnership with the 22-Chapter British American Business Council Network. I know many of you are participating in our multitude of activities, and are maximizing your membership benefits. Our second tier pandemic membership engagement strategy is currently in development and will be launched early on in the New Year with an emphasis on B2B connections. Before year end we invite you to join us on Thursday, December 10 from 12-1:00 pm EST for our Signature Annual Holiday Program – The Transatlantic Looking Glass: Lessons Learned – A Look Back & Ahead. Keynote speakers will deliver timely updates about the transatlantic business corridor – what transpired in 2020, lessons learned, and how we can prepare for, and what we can expect in 2021. The program will include business content as well as some fun and festive activities. Click here for more information and to register.

There is much change afoot on both sides of the Atlantic. The BABCPHL is your conduit to building and enhancing transatlantic business. The US and the UK recently completed the fifth round of the US-UK Free Trade Agreement (FTA) negotiations. The UK government reports it was the most intensive round of negotiations held so far. Read the full statement on the www.gov.uk site.

Along with advances in the US-UK FTA, our members are involved in groundbreaking work and lifesaving developments. BABCPHL Club Level Member company, Almac Group, the Northern Ireland pharmaceutical firm with US operations right outside of Philadelphia, is playing a key role in the clinical trials of the first effective Covid-19 vaccine. Last week Pfizer and BioNTech announced preliminary results showing it can prevent more than 90% of people from getting the virus. Almac’s clinical services division provides clinical trials support to BioNTech, such as distribution, labelling and temperature management. The vaccine, which has been tested on 43,500 people in six countries, has to be kept in ultra-cold storage at below minus 80C. Almac’s hardware and software is used to maintain this temperature requirement. Almac is working with a variety of other pharmaceutical, biotech and research institutions to support over 80 separate research projects into Covid-19 treatment options. Dame Karen Pierce, British Ambassador to the United States recently visited Almac’s US Headquarters in Souderton, PA. BABCPHL congratulates and thanks Almac for their essential work in creating a vaccine for Covid-19.

Thank you for your continued interest in and commitment to the BABCPHL.

Sincerely,

Nick Lotz
President, BABCPHL


Member Feature – Faegre Drinker

Faegre Drinker is a top 50 law firm. They opened their doors on February 1, 2020, uniting Faegre Baker Daniels and Drinker Biddle & Reath, two firms known for exceptional legal and consulting capabilities and a commitment to service excellence. The Firm has more than 1,300 attorneys, consultants and professionals in 22 locations across the United States, the United Kingdom and China, where they partner with clients ranging from emerging startups to multinational corporations. Faegre’s international reach extends far beyond their offices in the United Kingdom and China. As a founding member of Lex Mundi and its exclusive member firm in Indiana and Minnesota, and as the exclusive Illinois member firm of World Law Group, they have access to over 200 law firms and thousands of legal advisers in more than 100 countries. Legacy firm Drinker Biddle & Reath was a Club Level member of the BABCPHL for about ten years. Remy Nshimiyimana, Counsel, based in the Philadelphia office is an active Board Member. Remy’s practice focuses on corporate and regulatory work with local and global businesses who are considering mergers or acquisitions, or negotiating commercial contracts. For the past three years, Remy has also served on the Board of Directors of Justice at Work (formerly known as Friends of Farmworkers), a non-profit organization that provides free legal services and advocates on behalf of low-wage workers. In addition, Remy? also provides legal assistance through Philadelphia VIP, an organization that inspires and supports attorneys to offer free legal representation for Philadelphians who cannot afford to hire a lawyer and face legal challenges threatening their housing, family, or income.? “Being part of a community dedicated to supporting low-wage workers in the pursuit of economic and social justice is one way for me to pay forward the tremendous opportunities I have received in this country since I immigrated to the United States 17 years ago.” Thank you, Remy for your notable volunteer efforts, and for your time and commitment to enhancing transatlantic business. We are honored to work with you.


Member Feature – Virgin Atlantic Airways

Founded in 1984, Virgin Atlantic Airways has become one of the world’s leading airlines serving major cities throughout the globe. Virgin Atlantic was developed as an offshoot of Richard Branson’s Virgin Group, which was better known at the time in the world of pop and rock music. Recognizing that, like the music business, aviation was a consumer led industry, and Branson decided to diversify. On June 22, 1984, Virgin’s inaugural flight to Newark took place. The Airline’s mission was to provide “the highest quality innovative service at excellent value for money for all classes of air travelers.” Tremendously popular, Virgin Atlantic has won top business, consumer and trade awards from around the world. The Airline is customer driven with an emphasis on cost value, quality, fun and innovation. Since its inception, Virgin Atlantic has been deeply committed to diversity, equity and inclusion. The Airline proudly advocates for the LGBTQ+ community. This year, Virgin Atlantic’s Pride celebrations looked a little different than planned. 2020 was to be the first of a three-year headline sponsorship of Manchester Pride. The Company was looking forward to flying the flag at home in the North. Ruben Galas, a Consultant with Virgin Atlantic Airways said, “Until things get back to normal – whatever normal looks like – our Pride flag is a timely reminder that the road to lasting change is a long one. We must continue to strive together to be an inclusive, respectful workplace where everyone is free to be themselves and has equal opportunity for career progression.” The BABCPHL is proud to recognize Virgin Atlantic Airways, a Club Level member for more than decade, for their commitment to the LGBTQ+ community.


Member Feature – London & Partners

London & Partners is the international trade, investment and promotion agency for London. The organization markets London across the world; attracts overseas organizations, events, students and visitors to the capital; and helps to retain and grow London companies. Their mission is to promote London internationally as a leading world city in which to visit, study, invest, grow and meet. Key markets are North America, China, France, Germany and India. London & Partners is a non-profit public-private partnership, and we are thrilled to welcome them as our newest member. Having met and collaborated with London & Partners throughout the years both in London and Philadelphia, we look forward to working more closely with the organization to enhance ties between the two cities. As the end of the Brexit transition period approaches, London & Partners is launching a business resilience series kicking off this week with a virtual roundtable focused on talent, mobility and immigration. The series will deliver practical advice provided by specialist advisors. Click here for more information and to register.


Member Feature – Fisher Phillips

Fisher Phillips LLP provides services to employers in all areas of labor and employment law.  The Firm’s International Employment Practice Group provides legal advice to international employers on human resources and immigration matters (inbound and outbound) on a global basis, as well as on matters pertaining to employees working in the United States who are governed by international laws.  The Firm contributes to client success by helping them navigate complex global human resources issues. Fisher Phillips partners with clients on strategic planning, compliance, global movement of employees, and employee compensation and benefits. They are on the forefront of current and evolving strategic employment law issues affecting the workforce throughout the globe.  Fisher Phillips offers a full array of workplace legal representation with a particular focus on codes of business conduct and ethics, expatriate matters, mergers, acquisitions and other business transactions (including EU Transfer of Undertakings) and litigation and administrative actions.  The Firm has established strong relationships with local counsel on six continents.  Fisher Phillips is ready to involve local counsel around the world at a moment’s notice.  The Firm has been a committed Corporate member of the BABCPHL for several years, and most recently has become a Club Level Member.  Thank you, Fisher Phillips for your employment law leadership and service throughout the US, the UK, and the globe.


Feature Story – The Queen’s Honours

A few days ago, The Queen’s 2020 Birthday Honours list and a special COVID-19 Honours list were announced. This year, Her Majesty the Queen is honoring hundreds of people for their contributions to fighting Covid-19. The Queen has the sole right of conferring titles of honor on deserving people from all walks of life, in public recognition of their merit, service or bravery. The most well-known honors are MBEs, OBEs and CBEs, but there are also a range of other honors in addition to these. Recipients are invited to collect their awards from The Queen or another Member of the Royal Family at an Investiture ceremony. Throughout history, monarchs have rewarded those who have shown service, loyalty or gallantry with gifts or titles. After medieval times, physical gifts such as land or money were replaced by the awarding of knighthoods and of membership within Orders of chivalry, accompanied by insignia such as gold or silver chains. As the UK Government evolved and Parliament’s legislative role grew in the eighteenth and nineteenth centuries, the Cabinet took over the role of selecting honors recipients. Until the beginning of the nineteenth century, only members of the aristocracy and high-ranking military figures could be appointed to an Order of chivalry. Since then, appointments were drawn from a wider variety of backgrounds. In 1917 the Queen’s grandfather, George V, developed a new order of chivalry, called the Order of the British Empire, as a way of rewarding both men and women who had made an outstanding contribution to the WWI war effort. Today, the Order of the British Empire rewards service in a wide range of areas, from acting to charity work, with honors that include the well-known MBE and OBE. Two BABCPHL Board Members, Oliver St. Clair Franklin, Honorary British Consul, is an OBE, and Howard Silverstone, Director, Forensic Resolutions and former BACPHL President and current Membership Chairman, is an MBE. Click here to view The Queen’s 2020 Birthday Honours list and the special COVID-19 Honours list. The BABCPHL congratulates all those who have received an Honour for their outstanding work and dedication.


Member Feature – Oliver St. Clair Franklin OBE

Oliver St. Clair Franklin OBE is the third Honorary British Consul for Greater Philadelphia. In this role Oliver liaises with the Consul General in New York and the British Embassy on providing advice to businesses, solving consular issues in the region, and engaging in public diplomacy. Oliver has been a BABCPHL Board Member for more than two decades, and he was appointed by the UK Government in 1998 to represent British interest in the Philadelphia region. Oliver’s relationship with the UK started as a college student in 1966 after graduating from Lincoln University. In 2002 Her Majesty the Queen bestowed the OBE Honour in recognition of his services to British business. In his public diplomacy role, Oliver has hosted senior members of the British Royal Family as well as government ministers and members of Parliament. He created a program for Philadelphia public high school students to visit London and founded another initiative to provide opportunities for mid-career American minorities to work in UK investment banks. In September 2019, Oliver received ‘The Distinguished Friend of Oxford’ Award, and in November 2019, was elected an Honorary Fellow of Balliol College, Oxford where he studied as a Woodrow Wilson Fellow. Honorary Fellows are expected to enter the intellectual life of the college and university. Oliver, thank you for all that you do to promote the diplomatic, business and cultural ties between our region and the UK. We are honored to have you actively participate on our Board of Directors. Thank you for partnering with us on many important initiatives that drive economic development and promote a positive diplomatic relationship with the UK.


Member Feature – International Products Corporation

International Products Corporation (IPC) is a chemical products manufacturer based in Burlington, New Jersey.  IPC manufacturers specialty cleaners and temporary assembly lubricants.  Their precision cleaners, which include biodegradable, alkaline, acidic, neutral, and enzyme cleaning products, are among the safest and most effective cleaners on the market. Registered with the NSF as USDA A1 cleaners, IPC’s precision cleaners are safe and effective for cleaning a broad spectrum of soils from all types of surfaces and have helped companies across the most highly regulated industries.  IPC Cleaners serve the food & beverage, healthcare & veterinary, industrial manufacturing, laboratory, medical devices, metalworking, oil & gas, optics, parts cleaning, personal care/cosmetics, pharmaceuticals & biotechnology, semiconductors/electronics, solar, textiles, and water & wastewater industries.  P-80® Temporary Rubber Assembly Lubricants are unique water-based assembly aids heavily used by the automotive, truck, heavy equipment, appliance and pump industries.  They reduce the friction required to install parts, but dry completely resulting in a tight fitting assembly.  As a chemical manufacturer, IPC takes their responsibility to the environment and their customers very seriously.  IPC is ISO 9001 certified, and they maintain a zero discharge policy. The Company is also committed to keeping abreast of environmental and regulatory trends and best practices to continually improve the quality and safety of their products and facilities.  IPC is a family business and proudly manufactures all of their products in the USA, working with distributors across the globe to widely deliver their products throughout the world.  IPC’s European sales office is based in London.  The Company has been a member of the BABCPHL for several years.  We are excited to announce IPC has recently increased their involvement with the BABCPHL and has become a Club Level member.  We welcome Kathy Wyrofsky, President, and Bill Herbert, CFO, IPC to the BABCPHL Board of Directors.


KPMG New Reality Survey

Business operations throughout all corners of the globe are being impacted by the events of the past several months. The US-UK Corridor represents one of the strongest international relationships. We are pleased to announce our partnership with Club Level member, KPMG LLP to conduct a pulse survey to gain a better understanding of how multinationals are managing.

The study takes less than five minutes to complete. All responses are anonymous and will not be attributed to any individual or company. Your participation will provide a valuable roadmap to better assist you and your business in meeting objectives and developing strategies to survive and thrive in this new reality.

Click here to complete the survey.

The survey closes on September 30, 2020.

In mid-November we will be hosting a webinar to present the results and a transatlantic business outlook. Stay tuned for more information.

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The BABCPHL recognizes our Club Level Members:

  • Almac
  • American Airlines
  • Cigna
  • Cigna
  • Deloitte
  • Duane Morris
  • EisnerAmper LLP
  • Faegre Drinker Biddle & Reath LLP
  • Fisher Phillips
  • HSBC
  • International Products Corporation
  • Johnson, Kendall & Johnson, Inc.
  • KPMG
  • Morgan Lewis
  • Virgin Atlantic
  • Welsh Government