Banking and Finance

Cryptocurrency has seen a significant rise in popularity, with global ownership increasing from 432 million to 580 million in 2023, according to Crypto.com. While some nations have attempted to regulate this technological advancement, others have embraced and supported the burgeoning industry. Leading the charge is Argentina, renowned for its high...

Shanghai-based luxury fashion conglomerate Lanvin Group has named Regis Rimbert as the new CEO of Wolford AG, effective June 14. This appointment follows the departure of Silvia Azzali, who resigned for personal reasons and was approved by Wolford AG's supervisory board. In his new position, Rimbert will oversee the strategic...

Greek energy company Energean has announced an agreement to sell its assets in Egypt, Italy, and Croatia to Carlyle International Energy Partners. The deal is valued between $820 million (€763 million) and $945 million (€880 million). Energean, listed on the London and Tel Aviv stock exchanges, highlighted that the sale...

British advertising firm M&C Saatchi announced the appointment of Simon Fuller as its new Chief Financial Officer, effective July 1. Fuller takes over from Bruce Marson, who will return to his previous role as Deputy CFO. This follows the recent appointment of Zaid Al-Qassab as CEO in February, marking the...

The European Union has reignited financial oversight rules that were previously suspended during the novel coronavirus pandemic, leading to renewed tensions with high-spending member nations over budget deficits. The reactivation of these financial regulations subjects eight countries—Belgium, France, Hungary, Italy, Malta, Poland, and Slovakia—to the EU's Excessive Deficit Procedure, joining...

Germany's Aurubis has appointed Toralf Haag as its new CEO, starting September 1. Additionally, Tim Kurth, currently Managing Director of the company's Bulgarian branch, will become the Chief Operations Officer for custom smelting, according to a statement released on Thursday. As of 1444 GMT, Aurubis shares had risen by 4.67%,...

Permira, the global private equity firm, has announced a leadership transition effective September 1, 2024. Brian Ruder and Dipan Patel will step into roles as Co-Managing Partners and Co-CEOs, while Kurt Björklund will move to the position of Executive Chairman. Brian Ruder, who joined Permira in 2008, currently serves on...

The World Economic Forum's 2024 Fostering Effective Energy Transition report highlights record highs in Energy Transition Index (ETI) scores worldwide. Despite this, economic instability, geopolitical tensions, and technological changes have decelerated the transition. The report, created in collaboration with Accenture, indicates that out of 120 countries surveyed, 107 have advanced...

Voxeljet AG is undergoing a significant reorganization in its senior management as part of a generational change. Dr. Ingo Ederer, the founder of Voxeljet, will conclude his tenure as CEO and member of the Management Board on June 30, 2024. Post-tenure, Dr. Ederer will remain available in an advisory role...

Philipp Triebel and Malte Horeyseck, the co-CEOs of SellerX, an Amazon aggregator startup backed by BlackRock, are set to leave the company. Their departure comes three years after they each sold shares worth at least $7.1 million. SellerX, founded by Triebel and Horeyseck in Berlin in August 2020, announced the...