Banking and Finance

Telstra Broadcast Services (TBS) has appointed Karen Clark as its new chief executive officer. Her extensive background in the media, telecommunications, and technology sectors positions her to lead TBS through its next phase of growth. Clark is expected to enhance the company’s offerings for global broadcasters, media firms, and sports...

Lotte Group, South Korea's sixth-largest conglomerate, has undertaken the most extensive leadership shakeup in its history, replacing CEOs at 18 of its 58 subsidiaries. The sweeping changes, announced on November 28, come amid growing concerns about the financial stability of Lotte Chemical, one of its core affiliates. Notably, Shin Yoo-yeol,...

New World Development (NWD) has divested its interest in Hong Kong’s largest sports infrastructure project, Kai Tak Sports Park (KTSP), to its parent company, Chow Tai Fook Enterprises (CTFE). The move marks a significant step in NWD’s ongoing efforts to reduce its financial burden following a historic loss. In a...

Star Entertainment Group has reported an EBITDA loss of $5.5 million for October, bringing its total EBITDA loss for the first four months of the financial year to approximately $17.6 million. The company's CEO, Steve McCann, warned shareholders during the Annual General Meeting that negative cash flow has now become...

Borosil Renewables has announced the appointment of Melwyn Moses as its new Chief Executive Officer, effective December 2, 2024. His extensive leadership experience across global organizations positions him as a key figure in the company’s plans for accelerated growth and innovation. Moses previously held senior roles at UPL Corporation, where...

Uniqlo, the global casual wear brand, is under fire in China following remarks by Tadashi Yanai, CEO of its parent company Fast Retailing, stating that the company does not source cotton from Xinjiang. This region has been at the center of international scrutiny over allegations of forced labor in recent...

In today’s fast-paced digital workplace, the success of any organization hinges on more than just advanced technology and streamlined operations. As Bob Grazioli, CIO of Ivanti, reveals in an interview with me, the concept of Digital Employee Experience (DEX) is reshaping the role of CIOs and influencing productivity, cybersecurity, retention,...

BT Group has revealed that Marc Allera will step down as CEO of its Consumer division, with Claire Gillies set to take over as CEO-Designate and join the company’s Executive Committee on December 10, 2024. This announcement signals the start of a structured transition period, during which Allera will collaborate...

On November 27, KB Financial Group announced that its Affiliate Representative Director Candidate Recommendation Committee (Selection Committee) had convened and selected Lee Hwan-Joo, CEO of KB Life Insurance, as the next CEO of KB Kookmin Bank. Lee’s appointment highlights his extensive leadership experience across various roles within the group. His...

Samsung SDI has appointed Choi Joo-sun, former CEO of Samsung Display, as its new CEO, signaling a strategic shift aimed at overcoming the ongoing slump in battery demand. The company announced that Choi, aged 61, officially assumed his new role on Thursday. Choi, a seasoned professional with a career spanning...