CEO Explainers

Union Bancaire Privée (UBP) has announced the appointment of Teresa Lee as the region head for North Asia and the chief executive of its Hong Kong operations. Lee brings a wealth of experience from her previous roles, including her tenure at the Bank of Singapore, where she served as head...

In a significant move, Jensen Huang, the CEO of Nvidia, sold $322.7 million worth of company shares in July. This sale brings his total stock sales to nearly $500 million over the summer, positioning him strategically ahead of a severe tech-led global stock decline driven by weak earnings reports and...

Abrdn Plc reported positive net inflows in the first half of 2024 as the asset management firm continues its search for a new permanent chief executive officer. The firm announced on Tuesday that clients contributed a net of around $1 billion to its funds during the first six months of the...

Monday proved to be a harsh day for billionaires worldwide, as a massive market selloff wiped out a staggering $201.9 billion from the collective net worths of the world’s 2,713 billionaires in less than 24 hours. The turmoil began in Asia, where Japan's Nikkei index plummeted by 12%—its worst trading...

Monday saw significant drops in US stock markets following declines in Europe and Asia, fueled by growing concerns about a potential slowdown in the American economy. The technology-heavy Nasdaq index opened with a 6.3% loss after a sharp decline late last week but managed to recover some of its losses...

Prudential has appointed Angel Ng as the new Regional CEO for its Greater China and wealth businesses, succeeding Lilian Ng. Lilian, currently Managing Director of Prudential's Strategic Business Group, will retire at the end of the year after a distinguished 30-year career with the company. Lilian Ng has been a...

Andrew Keith is stepping down from his position as CEO of Selfridges to explore new opportunities. Keith, who joined Selfridges in early 2021 and assumed the CEO role in June 2023, previously revitalized Hong Kong’s Lane Crawford department store. During his tenure at Selfridges, he navigated a challenging UK retail...

Energy Absolute Pcl, a prominent Thai renewable energy firm currently facing significant value loss due to a fraud investigation, has appointed a new CEO in advance of crucial meetings with bondholders to request extended debt repayment terms. The company announced that it will be engaging with holders of bonds worth...

MTN Group has announced significant leadership appointments and departures. Mohammed Rufai has been named the new CEO of MTN Congo-Brazzaville, starting on September 1, 2024. Ayham Moussa will take on the role of COO at MTN Nigeria, effective August 19, 2024. In addition to these appointments, MTN disclosed the voluntary early...

Starting mid-August, Douglas Group, a major European beauty retailer, will see Sebastiaan de Jong, formerly CEO of Etos and a veteran of Ahold, step in as the new CEO for the Netherlands and Belgium (Benelux). This transition follows the departure of the current regional head, Willem Duthler, who is stepping...