Banking and Finance

ANZ Group Holdings Ltd. reported a lower-than-expected profit, as CEO Shayne Elliott noted intense competition in the mortgage market. For the year ending September 30, ANZ’s cash profit declined to $4.5 billion, down from $4.9 billion the previous year. The results underscore the challenges facing Australia’s major banks, which are...

Michael Cannon-Brookes, CEO and Co-Founder of Atlassian Corp (NASDAQ: TEAM), recently sold a portion of his holdings in the company, as reported in a Securities and Exchange Commission (SEC) Form 4 filing. The sale involved Class A Common Stock valued at approximately $1.74 million, executed on November 5 across multiple...

Richard B. Handler, CEO of Jefferies Financial Group Inc. (NYSE: JEF), recently sold 400,000 shares of the company’s common stock, as disclosed in a Securities and Exchange Commission (SEC) filing. The shares were sold at an average price of $72.26 each, totaling approximately $28.9 million. Following this transaction, Handler retains...

Italian luxury brand Bulgari is gearing up to expand its network of stores across mainland China, confident in the growth potential of its online channels to drive future sales. CEO Jean-Christophe Babin remarked at the China International Import Expo (CIIE) in Shanghai that, while Bulgari already holds a strong presence...

Hyundai Motor Europe (HME) has announced that Xavier Martinet will take over as President and CEO, succeeding Michael Cole, who will step down from his role on December 31, 2024. Martinet will officially assume leadership at HME’s Offenbach, Germany headquarters starting January 1, 2025. Martinet joins HME with more than...

Sprinklr has announced Rory Read as its new CEO and President, effective immediately. This leadership shift follows the tenure of co-CEOs Ragy Thomas and Trac Pham, with Thomas transitioning to an advisory role while remaining Founder and Chairman of the Board. Pham will step into a new, unspecified advisory position...

The Central Popular Bank (BCP) has announced a notable leadership transition, with Naziha Belkeziz taking on the role of Chief Executive Officer. The Board of Directors made the appointment official in a statement released today, confirming that Belkeziz would assume her new responsibilities immediately. This decision sees Belkeziz stepping into...

French launch vehicle startup Latitude has brought on Aurélie Bressollette, an industry veteran, as its new chief executive as the company approaches its first launch. The announcement, made on Nov. 5, notes that Bressollette succeeds Stanislas Maximin, the company’s co-founder, who will transition to the role of executive chairman. Bressollette...

Edelman has appointed Rakesh Thukral as its new CEO for the Asia Pacific (APAC) region following Warren Fernandez’s decision to step down to pursue a new opportunity. Fernandez will remain with Edelman until year-end to facilitate a smooth transition. Thukral, currently Edelman’s APAC Chief Operating Officer and Managing Director of...

Ionpolis Co., Ltd., a leading innovator in filter showerhead technology, is set to participate in the K-Expo from November 14th to 17th at the Sheraton Grand Gandaria City Hotel in Jakarta, Indonesia. This event, designed to spotlight exceptional Korean products and technology, serves as a springboard for Korean companies aiming...