Banking and Finance

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,...

Michael Granger, co-founder and CEO of blockchain analytics firm Chainalysis, has taken a personal leave of absence from the company. While the exact reason for his leave remains undisclosed, Chainalysis has confirmed that the situation is temporary. Sari Granat, Chainalysis President and COO since 2022, has stepped in as interim...

S&P Global has confirmed Morocco's robust economic performance, attributing it to key sectors such as tourism, phosphates, automotive, and aerospace. In its latest report, the agency highlighted Morocco's commitment to positive economic reforms designed to promote more inclusive and resilient growth. The country has focused on investment-friendly actions, with special...

BNP Paribas has appointed Bruno Boussard as the chief executive officer of its Taiwan branches, effective from 1 October 2024, pending regulatory approval. In his new role, Boussard will oversee BNP Paribas’ operations in Taiwan, including its corporate and institutional banking (CIB), wealth management, asset management, securities, and insurance divisions....

Geneva-based Pictet has named Alison Lim as the new chief executive officer for its Singapore branch, as reported by finews.asia. According to an internal memo obtained by the outlet, Lim’s appointment will be effective from 6 January 2025, pending regulatory approval. In her new role, she will report to Victor...