Banking and Finance

International Monetary Fund (IMF) economists emphasized that Asian economies are well-positioned to weather ongoing turbulence, despite facing internal challenges and potential external pressures, including the return of President-elect Donald Trump to the White House. IMF Asia-Pacific division chief Alasdair Scott noted the region’s resilience and significant growth potential, even as...

United International Holding Co., a financial services firm based in Saudi Arabia, announced on Sunday the passing of its CEO, Sakhr Abdulrahman Mohammed Al-Mulhem, who died on December 6. The news comes at a pivotal moment for the company, which recently marked its public debut on the Tadawul stock exchange....

The European Central Bank (ECB) is anticipated to implement another interest rate cut this week, marking its third consecutive reduction as it seeks to stimulate lending and revitalize consumer spending and business investment across the 20 eurozone countries. Having aggressively raised rates starting in mid-2022 to combat soaring energy and...

ANZ has revealed its next CEO, with Nuno Matos set to assume the position on July 3, 2025, following the retirement of Shayne Elliott. Alongside his new role, Matos will join the boards of ANZ Group Holdings Limited and Australia and New Zealand Banking Group Limited as an executive director....

GitLab Inc. (NASDAQ: GTLB), renowned for its AI-driven DevSecOps platform, has announced a significant leadership transition. Effective immediately, Bill Staples has assumed the role of CEO and joined the board of directors. This marks a new chapter for the company as Sid Sijbrandij, GitLab’s co-founder and outgoing CEO, steps back...

Vantage Data Centers, a prominent global provider of hyperscale data center campuses, has appointed Christophe Strauven as Chief Financial Officer (CFO) for North America. Strauven, who previously served as Senior Vice President of Capital Markets, was responsible for crafting and executing the company’s global capital-raising strategy through debt financing and...

Magyar Telekom has announced key leadership transitions, with Chief Financial Officer and Board Member Daria Dodonova set to depart when her contract expires. Lubor Zatko, the company’s Chief Technology and IT Officer, will also be stepping into a new role within the Deutsche Telekom Group. André Lenz will succeed Dodonova...

In a significant organizational shake-up, Shinhan Financial Group announced a large-scale reshuffle of its top executives on Thursday, recommending new CEO candidates for nine of its 13 affiliates. Jung Sang-hyuk, the 60-year-old CEO of Shinhan Bank, the group’s flagship lender, was reappointed for a second term, which will span two...

Italian beverage giant Campari has announced the appointment of Simon Hunt as its new chief executive officer. Hunt, a seasoned British-Australian manager, will step into the role following the tenure of interim co-CEOs Paolo Marchesini and Fabio Di Fede, who respectively serve as the group's chief financial and operating officer...

Global trading network GTN has announced Christopher Gregory as its new CEO for Europe. Gregory will spearhead the company’s efforts to strengthen its footprint in the region, a critical element of GTN’s worldwide growth strategy. Bringing over 20 years of experience in SaaS solutions, brokerage services, and fintech, Gregory has...