Banking and Finance

Saudi Arabia has enlisted a former executive from Dell Technologies to spearhead the newly established Public Investment Fund company Alat, a burgeoning industrial electronics enterprise backed by a formidable $100 billion. With aspirations to become a local manufacturing powerhouse, Alat's ambitious agenda will be steered by Global CEO Amit Midha,...

IDX™, a renowned player in the realm of digital communications and data solutions, has announced the appointment of seasoned industry expert Scott Paterson as its Chief Financial Officer. In his new capacity, Paterson will collaborate closely with Worldwide CEO Myles Peacock and the esteemed IDX Board of Directors. Comprising a...

Wee Cho Yaw, the billionaire who transformed Singapore's financial landscape by merging multiple family-owned banks, has passed away at the age of 95. Wee, who served as the chairman emeritus of the Singaporean financial giant United Overseas Bank Limited, had been leading the UOL Group since 1973 and had been...

Revolution Beauty has made headlines with the announcement of a settlement reached with its former CEO and Co-founder, Adam Minto, concerning the events surrounding the delay in auditing the group's FY22 results and the subsequent suspension of trading of its shares on AIM. The terms of the agreement stipulate that...

On Tuesday, US copper miner Freeport-McMoRan (NYSE: FCX) made an announcement about Kathleen Quirk's appointment as President and Chief Executive Officer, slated to take effect at the annual meeting of shareholders on June 11 this year. Assuming the helm of executive management, Quirk will report directly to the FCX board...

Following Snap's announcement of a loss in the final quarter of 2023, the company's stock experienced a significant decline. Despite reporting a net loss of $248 million for the December quarter, which represented an improvement from the same period the previous year, Snap's shares plummeted approximately 30% in after-hours trading...

Costco Wholesale's longstanding finance chief, Richard Galanti, is preparing to step down. Galanti, who assumed the role of Chief Financial Officer in 1985, has played a pivotal role in Costco's success and has become a prominent figure for the discount membership retailer. His departure coincides with Costco's deliberations over a...

Partnership management platform impact.com has welcomed Dale Lynch as its new Chief Financial Officer. In his role, Lynch will be responsible for overseeing the company's global financial planning, accounting, legal, and corporate development functions. David A. Yovanno, CEO of impact.com, expressed enthusiasm about Lynch's appointment. Reflecting on his new role,...

Royal Agrifirm Group has appointed Stefan Bulthuis as its incoming Chief Financial Officer, effective April 1, 2024. He will succeed Margret Kleinsman, who has opted not to extend her term of office and will step down on March 31, 2024. Bulthuis embarked on his career as an accountant with Deloitte...

Tietoevry Banking, a leading force in the Nordic financial Software as a Service (SaaS) sector, has appointed Minna Smedsten as its new Chief Financial Officer. Minna Smedsten brings to the role nearly two decades of experience in the financial sector, with a career encompassing significant positions such as Group CFO...