Banking and Finance

Progeny has announced the appointment of Chris Guy as the CEO of its Singapore office. The move coincides with the firm’s new status as an International Professional Partner Firm (IPPF) with the Chartered Insurance Institute (CII), underscoring its commitment to upholding and advancing professional standards globally. The Progeny brand in...

Chan Heng Fai Ambrose, Executive Chairman of DSS Inc. (AMEX: DSS), and Alset Inc., a company under his control, have made substantial investments in DSS stock despite challenging market conditions. Over the past year, DSS shares have dropped nearly 63%, significantly below their 52-week high of $3.08. On December 10,...

Heineken N.V.'s Supervisory Board has announced significant leadership transitions set to take place following the Annual General Meeting (AGM) in April 2025. Peter Wennink, currently Vice-Chair of the Supervisory Board, will step into the role of Chair. Wennink, who joined the Supervisory Board in 2024, has been a vital contributor...

Language services provider BLEND has announced the appointment of Yoav Ziv as its new CEO. Ziv, a seasoned professional with 27 years of experience in business and technology, including executive roles at Amdocs, succeeds Yair Tal, who has held the position since 2019. In a press release discussing the transition,...

Zurich's UK branch has announced Drazen Jaksic as its new CEO, succeeding Tim Bailey, who has led Zurich UK since January 2021. The transition marks a significant leadership change for one of Zurich’s primary markets. Alison Martin, CEO of EMEA & Bank Distribution, expressed her confidence in Jaksic's abilities, noting...

Global efforts to decarbonize heavy industries such as steel, cement, and chemicals are gaining momentum, with approximately $1 trillion worth of projects currently under development. These industries collectively account for over 30% of global greenhouse gas emissions, emphasizing the urgency of addressing their environmental impact. The challenge lies in securing...

Banco BPM’s shares soared on Monday following an announcement from French banking giant Crédit Agricole that it plans to increase its stake in the Italian lender. The announcement, made late last week, sent Banco BPM’s stock climbing over 2% in early trading, marking its most significant rise since January 2016....

The recent presidential election in the United States coincided with multiple indicators of economic strength, including robust consumer spending, strong economic growth, and unprecedented stock market highs. Data from the Bureau of Economic Analysis highlighted a steady rise in gross domestic product (GDP) this year, with annualized growth rates of...

UBS Group AG has announced organizational changes within its U.S. wealth management unit as part of its strategy to boost profitability in a key market for its growth ambitions. According to an internal memo from U.S. Country President Rob Karofsky and Michael Camacho, head of U.S. wealth management, the firm...

Real-time payments are predicted to generate over $15 billion in additional GDP growth for Nigeria and South Africa by 2028, according to the Real-Time Payments: Economic Impact and Financial Inclusion report published by ACI Worldwide. This report, produced in collaboration with The Centre for Economics and Business Research, draws on...