Banking and Finance

More than 100 CEOs, global leaders, and artists have united to sign the Abidjan Accord, urging G20 nations to secure $120 billion for crucial investments in Africa. The call focuses on increasing contributions to the World Bank’s International Development Association (IDA) fund, which supports poverty alleviation in 77 developing nations,...

Lagardère Travel Retail Chile has named Oriol Sancho Casadesús as its new Chief Executive Officer, bringing with him nearly three decades of experience in the dining, hospitality, and retail sectors across both national and international markets. The company outlined that Sancho will be tasked with strengthening current operations, overseeing a...

Arne Schepker, CEO of the Berlin-based language learning platform Babbel, is stepping down, and co-founder and former CEO Markus Witte is stepping back into a leadership role during the search for Schepker’s successor, according to a statement from the company. Witte will not immediately assume the CEO position but will...

Atletico Madrid has announced a significant agreement with Riyadh Air, officially establishing the Saudi airline as the new naming rights sponsor for their stadium. The deal, one of the largest in sports history, rebrands the stadium as the Riyadh Air Metropolitano and represents a major extension of the partnership between...

Ageas Federal Life Insurance Company Limited has announced the appointment of Jude Gomes as its new Managing Director and Chief Executive Officer, following approval from the Insurance Regulatory and Development Authority of India (IRDAI). With over three decades of local and international experience in the insurance and banking sectors, Gomes...

Fleet Management Limited, a subsidiary of The Caravel Group Limited, has announced that Captain Rajalingam (‘Raja’) Subramaniam will take on the role of Chief Executive Officer starting in early 2025. Captain Subramaniam is set to join the company on October 21, 2024, in the capacity of "CEO Elect" before officially...

Kering has announced the appointment of Stefano Cantino as the new CEO of Gucci, effective January 1, 2025. Reporting to Francesca Bellettini, Kering’s Deputy CEO in charge of Brand Development, Cantino will also hold a seat on Kering’s Executive Committee. Cantino, who joined Gucci in May 2024 as Deputy CEO,...

A recent survey of over 338 family offices shows that the world’s wealthiest families are increasingly directing their portfolios toward riskier assets rather than holding cash. According to Citi Private Bank’s 2024 Global Family Office Report, 43% of respondents increased their exposure to public and private equity, while half raised...

Hoffmann Neopac, a global leader in packaging and dispensing solutions for the pharmaceutical, cosmetics, and consumer goods industries, has announced the appointment of Manfred Zurkirch as its new CEO, effective January 1, 2025. With extensive executive experience in the packaging and manufacturing sectors, including leadership roles at Thielmann AG, Ferag...

DBS Hong Kong has announced the appointment of Kuok Khoon Hua to its board of directors, effective immediately. Kuok, the son of Malaysia’s wealthiest individual, Robert Kuok, takes on this role while maintaining his prominent leadership in several major companies. Currently, Kuok serves as chairman and CEO of Kerry Properties,...