Banking and Finance

Group M has decided to discontinue EssenceMediacom X less than two years after its launch, merging it into the broader EssenceMediacom communications brand. This move aligns with the company's strategy to streamline operations and unify its structure across all Group M agencies. As part of this restructuring, Clare Chapman, who...

Stefan Picard has been appointed as the CEO of Lagardère Travel Retail Cambodia, bringing extensive experience in the travel retail industry. Since joining Lagardère Travel Retail in 1996, Picard has held several senior positions worldwide, most recently serving as the Executive Vice President of Commercial Development and Transformation. In a...

Rosan P. Roeslani, Indonesia's Minister of Investment and Head of the Investment Coordinating Board (BKPM), reported that investment between Indonesia and Africa continues to expand, with Indonesia's total investment in African countries reaching $2.09 billion USD from 2019 to the second quarter of 2024. Meanwhile, African countries have invested $1.73...

Finnish technology company Nordtreat has announced the appointment of Outi Kallio as its new CEO, effective from the beginning of 2025. Kallio brings extensive experience in commercial and industrial management, having held several key positions at Teknos Group, where she is currently the Global Commercial Director. Her background includes significant...

B2C2, a prominent player in the crypto liquidity market, has appointed Cactus Raazi as the new CEO of its US division. Based in New Jersey, Raazi will report to the group CEO, Thomas Restout, and serve on the firm's executive committee. His role will encompass the development and execution of...

SCB Julius Baer has announced the appointment of Adrian Mazenauer as Deputy Chief Executive Officer as part of its recent management restructuring. Mazenauer, who has been with the joint venture between Swiss bank Julius Baer and Siam Commercial Bank since 2018, will continue in his role as head of wealth...

Investcorp Holdings, the Middle East’s largest alternative asset manager, is set to lose one of its most senior executives amid a broad leadership restructuring that will see the co-chief executive officer position abolished. Chairman Mohammed Alardhi will assume greater responsibilities as part of this shift. Hazem Ben-Gacem, who has been...

Intel is preparing to unveil a comprehensive strategy aimed at streamlining its operations and curbing capital expenditure, according to sources close to the company. CEO Pat Gelsinger, along with top executives, is expected to present the plan to the board of directors later this month as they seek to revitalize...

Shares of New World Development Co., owned by Hong Kong’s billionaire Cheng family, dropped as much as 14% on Monday morning due to a worsening property market downturn. The company revealed late Friday that it expects to report a loss of up to $2.6 billion for the financial year ending...

Kelly Zong, also known as Zong Fuli, the daughter of the late Chinese billionaire Zong Qinghou, has officially assumed control of Hangzhou-based beverage giant Wahaha Group, according to a local business registration system. The Qichacha business registration platform confirms that Zong is now the company's chairman and CEO and has...