Banking and Finance

In a strategic move aimed at consolidating its leadership position in the digital banking landscape, Toss Bank has appointed Rhee Eun-mi, former Chief Financial Officer of DGB Daegu Bank, as its new CEO. Pending approval at the group's general board meeting on March 28, Rhee is slated to assume the...

Ultraviolette Automotive, a leading electric vehicle (EV) platform, has reinforced its leadership team by appointing Ajay Shanker as Chief Financial Officer, signaling a pivotal moment in the company's journey toward global expansion and diversification. Bringing over 25 years of extensive experience to his new role, Shanker's most recent tenure as...

Woolworths' long-serving Chief Executive, Brad Banducci, has unexpectedly tendered his resignation after nearly nine years at the helm of Australia's largest supermarket chain. Banducci's departure comes amidst a tumultuous period for Woolworths, embroiled in parliamentary inquiries and a pricing probe by the competition regulator, investigating allegations of market dominance and...

In a significant leadership transition, AbbVie, a prominent player in the biotech and pharmaceutical sector, has unveiled Robert Michael as its incoming CEO, succeeding the longstanding tenure of Richard Gonzalez. Effective July 1, Michael, currently serving as AbbVie's President and Chief Operating Officer, will assume the reins as the company's...

In a strategic maneuver at the helm of Meati Foods, Phil Graves, who has recently been appointed to serve as Chief Financial Officer, has been named Chief Executive Officer. This move, announced shortly after the onset of February, marks a pivotal moment for the alternative protein manufacturer as it recalibrates...

The stock market is a huge store of wealth.  As of January 1, 2024, the U.S. stock market was valued at $50.8 trillion (combining the New York Stock Exchange, Nasdaq, and Over The Counter U.S.).  That’s enough money to pay off the federal government’s massive debt burden and still leave...

As of November 5, 2024, KWEICHOW MOUTAI is the most valuable company in China, with a market cap of $274 billion. Following it are CATL (CONTEMPORARY AMPEREX TECHNOLOGY) ($155 billion) and CHINA MERCHANTS BANK CO., LTD.($135 billion). Which one is the most valuable in China by market cap? This list...

Genesis Energy's Chief Financial Officer, James Spence, is set to leave the company on May 24, citing family reasons, as he prepares to embark on a new role in Australia. Genesis Energy has initiated the recruitment process for a new CFO, aiming to ensure continuity and leadership in its financial...

In a significant development, YT Industries has announced the return of founder Markus Flossmann to the role of CEO, succeeding Sam Nicols, who has stepped down from the position. In a concise press release, YT Industries confirmed the departure of Sam Nicols and the reappointment of Markus Flossmann as CEO....

Nicolas Bertrand, the CEO of Komainu, a crypto custody firm backed by Nomura, has resigned from his position "with immediate effect," according to a spokesperson from the company. This development comes shortly after Komainu outlined an optimistic future in its 2024 Custody Outlook report, detailing plans for a multi-custodian off-exchange...