Banking and Finance

After years of delays, Woodside has commenced oil extraction from the Sangomar offshore field, located approximately 100 kilometers south of Dakar. The floating production facility boasts a storage capacity of 1.3 million barrels and operates at a depth of 780 meters. It is projected to produce between 100,000 and 125,000...

Carlos Slim, the wealthiest individual in Latin America, has acquired a 3.2% stake in BT, a move that analysts consider a surprising yet strong endorsement of the British telecom company's prospects. Slim, whose net worth is approximately $93 billion, now holds a stake worth around $512 million in the FTSE...

OpenAI, renowned for its AI breakthroughs like ChatGPT, has announced the addition of two significant executives to its team. In a blog post, OpenAI highlighted that these appointments are aimed at enhancing the company's ability to scale and meet the demands of its expanding customer base and the complexities of...

SBICAP Ventures Limited (SVL), a leading alternative asset management company with assets under management of approximately $3.9 billion, has announced the appointment of Prem Prabhakar as its new Managing Director and Chief Executive Officer, effective June 4, 2024. In addition to Prabhakar's appointment, SVL announced the launch of its latest...

Modulaire, the parent company of Algeco and other portable accommodation rental businesses, has named Pavan Pattada as its new Group CEO, succeeding Mark Higson, who is set to retire. Pattada joins Modulaire from Westinghouse Electric Company, where he served as Executive Vice President of Global Operations Services for five years....

DeWinter Group, a prominent staffing solutions provider specializing in finance, accounting, and IT, has announced the reappointment of Derek DeWinter as CEO. Derek DeWinter, one of the founding partners, initially served as CEO from 2000 until 2019, when he transitioned to the role of President. This change facilitated Shane Oberg's...

Pankaj Rana has been named the new Chief Executive Officer of Hisense India, a leading company in consumer electronics and home appliances. In his role as CEO, Rana will lead Hisense India's strategic initiatives, aiming to broaden the customer base, enhance brand visibility, and drive overall business growth. Rana expressed...

Medartis, a leading provider of medical devices for bone fracture surgical fixation, has announced the resignation of its CEO, Christoph Brönnimann. Brönnimann has decided to step down to explore new opportunities. The board has begun the search for his replacement, and Brönnimann will remain in his role until a successor...

Kongsberg NanoAvionics has announced the appointment of Atle Wøllo as its new CEO. This leadership change comes two years after the Norwegian defense firm Kongsberg acquired NanoAvionics, which originated as a spin-off from Lithuania's Vilnius University and has since become a leading manufacturer of small satellites. In a news release,...

OpenDrives, a specialist in media and entertainment (M&E) software-defined storage, has appointed Sean Lee as its new Chief Executive Officer. Lee succeeds Izhar Sharon, who was appointed CEO in December 2022, to diversify the company's focus beyond its M&E niche—a strategy that has now been reconsidered. Sean Lee, who previously...