Banking and Finance

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...

Aviva Investors has announced the appointment of Sandra Cheng as CEO of Asia Pacific and head of distribution for the region. Cheng, who will be based in Singapore, will report to Jill Barber, the company’s chief distribution officer. Cheng joins Aviva Investors from Columbia Threadneedle, where she held the roles...

The World Bank Group (WBG) has ranked Hong Kong among the top 10 economies in its Business Ready 2024 Report. This recognition highlights the city’s robust international trade capabilities and efficient business infrastructure. The Hong Kong government welcomed the report, calling it a testament to the city’s status as a...

GoTyme, the digital banking arm of the Gokongwei Group of Companies, has been recognized as the top local bank for customer experience (CX) by leading global research and advisory firm Forrester. The bank, a collaboration between the Gokongwei Group and multi-country digital banking group Tyme, earned the highest scores in...

Genesco has appointed Sandra Harris, a seasoned retail executive, as its new Chief Financial Officer. Harris brings a wealth of experience from her decade at VF Corp., where she was instrumental in driving global business and financial strategies across a diverse portfolio of brands. Genesco CEO Mimi Vaughn highlighted Harris’...

India’s industrial sector is expanding rapidly, paving the way for the country to target economic growth exceeding 9%, according to NITI Aayog CEO B V R Subrahmanyam. Speaking at a press conference following the release of the Annual Survey of Industries (ASI) by the Ministry of Statistics and Programme Implementation...

Hotel Engine, a Denver-based travel tech startup, has recently secured one of the year’s largest funding rounds for a travel company, raising $140 million and achieving a valuation of $2.1 billion. The company, which initially focused on hotel bookings for business travel, is now broadening its offerings to include flights...

Sébastien Desreumaux has been appointed as the new CEO of Uperio Group, taking over from President and Founder Philippe Cohet, who will remain involved as a member of the company’s supervisory board. Desreumaux expressed his gratitude to Cohet for facilitating a smooth transition and assured the Uperio team in Europe...