Banking and Finance

Solifi, a fintech company specializing in cloud-based software solutions for the asset-based finance and leasing sectors, has announced the appointment of Dan Corazzi as its new CEO, effective January 13. Current CEO David Hamilton will transition to the role of chairman after leading the company for over seven years. Corazzi...

Global Sian Motors, a subsidiary of Bugshan Automotive Group and the exclusive importer of Changan vehicles in Morocco has appointed Saad Menioui as its new CEO. The company attributed his promotion to his significant contributions to the development of the Hyundai brand in North Africa, emphasizing his 14 years of...

Jorge Tamarit Degenhardt has been named the new Chief Executive Officer of Eurofighter Jagdflugzeug GmbH, the organization behind the Eurofighter Typhoon program. Selected by the consortium's shareholders, he steps into the role as part of the company’s Board of Management. A dual citizen of Spain and Germany, Jorge brings over...

Billionaire wealth worldwide surged to unprecedented levels in 2024, with the collective fortunes of the globe’s 500 wealthiest individuals increasing by $1.5 trillion to approximately $10 trillion. The rise marked the end of a three-year decline, with significant contributions from the tech sector and China’s recovering economy. Elon Musk retained...

Ulta Beauty, the largest specialty beauty retailer in the United States, has announced that Dave Kimbell will step down as Chief Executive Officer and resign from the company’s Board of Directors after 11 years with the organization. Kimbell, who has served as CEO since 2021, will transition to an advisory...

Close Brothers Group Plc has announced the appointment of Mike Morgan as its new Chief Executive Officer, following Adrian Sainsbury’s decision to step down to focus on his health. The London-based financial services company confirmed that Sainsbury, who had earlier taken a temporary medical leave, is recovering well and is...

Piramal Pharma saw a 1.70% uptick in its stock price, closing at $2.94, as the board announced the appointment of Sai Ramana Ponugoti as the Chief Executive Officer of its India Consumer Healthcare (ICH) division, effective January 6, 2025. This move marks a strategic step forward for the company as...

Nippon Steel’s Chief Executive Officer, Eiji Hashimoto, reaffirmed the company’s determination to pursue its $14.9 billion acquisition of U.S. Steel, despite the Biden administration's recent decision to block the merger. On Monday, Nippon Steel and U.S. Steel jointly filed lawsuits challenging the decision, claiming it violated their right to an...

Sierra Space announced the unexpected retirement of its Chief Executive Officer, Tom Vice, a development that has surprised many within the aerospace sector. In a statement issued on January 6, the company confirmed that Vice stepped down at the end of 2024 after three and a half years in the...

Singapore-based asset management firm Paragon Capital Management has established its first overseas office in Hong Kong, joining the wave of foreign money managers seeking to serve affluent clients in the financial hub. The firm, which oversees $880 million in assets, announced on Tuesday that it had received licensing from Hong...