Banking and Finance

In August, Astral revealed that Schutte would be stepping down at the upcoming Annual General Meeting, scheduled for January 30. The company has appointed Gary Arnold to serve as CEO, effective February 1, 2025. Arnold, who has served as Chief Operating Officer and executive director since 2012, has collaborated closely...

China's trade with other APEC economies reached a historic peak of 21.27 trillion yuan ($2.95 trillion) in the first 10 months of 2024, according to data released by the General Administration of Customs on Wednesday. This figure represents a 5.7 percent increase compared to the same period in the previous...

Michael J. Cooper, the CEO and chair of Dream Office REIT, recently shared insights with BNN Bloomberg regarding the evolving dynamics in Canada’s office real estate market. Cooper pointed out that the sector is undergoing significant changes as companies attempt to balance employee expectations with the need to manage expenses....

Principal Financial Group recently announced that Deanna Strable will assume the role of chief executive officer, effective January 7, 2025. Strable, who currently holds the position of chief operating officer, will succeed Dan Houston. Houston will transition to the role of executive chair of the board of directors. Houston expressed...

On November 12, 2024, the VIA Metropolitan Transit Board of Trustees unanimously approved the appointment of a new President and CEO for the region’s transportation network. Jon Gary Herrera is set to take over the role from outgoing CEO Jeffrey C. Arndt, starting January 4, 2025. Arndt’s leadership has been...

Ramco Systems CEO Sundar Subramanian will step down from his role effective January 3, 2025, with the board appointing Abinav Raja as Managing Director. Raja, the son of company founder PR Venketrama Raja, currently serves as the Whole Time Director. In a message to the company, Subramanian highlighted that stability...

Rajeev Misra will be stepping down from his leadership roles at SoftBank’s primary technology investment entities, marking the departure of one of the Japanese conglomerate’s most influential dealmakers. SoftBank executives confirmed that Misra would no longer hold an official role within the company. SoftBank announced on Tuesday that Misra, who...

Artificial Intelligence (AI) is on track to revolutionize industries globally, unlocking vast potential for economic growth, efficiency, and innovation by automating processes, generating insights, and enabling new forms of interaction. Generative AI, in particular, presents a unique opportunity to reshape sectors worldwide. In the Gulf Cooperation Council (GCC) region, where...

Bayern Munich CEO Jan-Christian Dreesen has secured a contract extension, extending his role with the club until 2027. The Bundesliga club announced on Monday evening that the 57-year-old’s contract, originally set to conclude in 2025, would be prolonged. Reflecting on Dreesen’s leadership, FC Bayern president Herbert Hainer remarked that Dreesen...

Chipotle has officially appointed Scott Boatwright as its permanent CEO, according to a Monday press release. Boatwright, who had served as interim CEO since August following Brian Niccol’s move to Starbucks, steps into the role after a tenure as chief operating officer, a position he held since 2017. Before joining...