Banking and Finance

Societe Generale Maroc has named Mehdi Benbachir as its new Chief Executive Officer, effective July 1, 2024. The appointment was confirmed during the company’s Supervisory Board meeting on May 23. With nearly two decades of banking experience, Benbachir brings extensive expertise in investment banking, mergers and acquisitions, and private equity....

A recent survey by DNV reveals that 64% of oil and gas industry leaders believe the energy transition is accelerating, with 68% expressing optimism about the sector's growth despite the downturn in 2020. Titled "The Paradox of Petroleum - How the Oil and Gas Sector is Transforming Through Uncertainty," the...

Australia's Star Entertainment Group has named Steve McCann, formerly of Crown Resorts, as its new CEO and Managing Director, as part of a strategic initiative to maintain the casino license for The Star Sydney. McCann's appointment will be effective from July 8, 2024, pending regulatory approvals. McCann, who significantly contributed...

Creativeland Studios has announced the appointment of Shobha Sant as their new CEO. Sant is set to steer Creativeland's filmed entertainment division and manage the talent business of AIG-India, a collaborative effort between Creativeland Studios and Artist International Group. This joint venture aims to elevate Indian talent to international recognition...

U.S. money market funds have reached an unprecedented level, surpassing $6.357 trillion by the end of 2023. This is a remarkable 93% increase from $3.289 trillion in late 2018. Financial analysts often highlight this massive cash reserve as a positive sign for the U.S. economy, particularly its consumer-driven aspects. However,...

Shareholder support for the reappointment of SoftBank Group Chief Executive Masayoshi Son has dropped significantly, from 95.93% last year to 79.22%, according to a stock market filing on Tuesday. This decline follows a recommendation from proxy advisor Institutional Shareholder Services (ISS) against Son's reappointment. ISS Recommendation and Reasons ISS opposed...

Tea brand Chagee has appointed Lawrence Wen as its new Chief Executive Officer in Singapore, according to a LinkedIn post by Wen. "With more than 5,000 stores globally, I am excited to reintroduce Chagee's modern tea beverages to Singapore with a new retail design," Wen announced. Expansion Plans and New...

Prabdev Singh, CEO of J.P. Morgan Chase Bank India, has stepped down from his role, leaving the bank approximately halfway through his three-year term. Singh, who received regulatory approval for his position in January 2023, has been with J.P. Morgan since 2010 and took over as CEO of the bank's...

The global economy is showing signs of stabilization, with growth steadying for the first time in three years, inflation reaching its lowest point in three years, and improving financial conditions suggesting a potential "soft landing." However, this optimistic outlook belies a more concerning reality: over four years since the onset...

Indosuez Wealth Management, the global wealth management brand of Crédit Agricole Group, has announced the appointment of Michaël Kofman as Chief Executive Officer and Hong Kong Branch Manager, effective September 1, 2024. Kofman will succeed Olivier Livenais, who has held the role since early 2020. Kofman will oversee Indosuez's wealth...