Hudson Executive Capital LP led by former JPMorgan Chase’s CFO Douglas Braunstein feels that Deutsche Bank is “misunderstood and undervalued”. On Thursday, as per a report from the Wall Street Journal, New York-based hedge fund Hudson Executive Capital LP has… Read More ›
CFO
Deutsche Bank to place assets in safe-haven liquidities rather than cash: CFO
This minor change in asset holding strategy is likely to result in improved results, reduced risk tolerance, and at reduced costs. As part of a strategic decision to boost profitability, Deutsche Bank’s Chief Financial Officer stated, it plans on holding… Read More ›
Commonwealth Bank of Australia appoints Alan Docherty as its CFO
On Monday, the Commonwealth Bank of Australia named Alan Docherty as its chief financial officer following an unexpected exit of the previous CFO in May 2018. The development comes in the wake of the lender facing one of its worst… Read More ›
Hewlett Packard Enterprise appoints Tarek Robbiati as its CFO
Tarek Robbiati succeeds Tim Stonesifer who played a significant role in the breakup of HPE from Hewlett-Packard Co, in 2015. Hewlett Packard Enterprise has appointed Tarek Robbiati, the former Chief Financial Officer at Sprint Corp as its new CFO. With… Read More ›
CYBG acquires Virgin Money for $2.26 billion
The acquisition sees the creation of the 6th largest bank in the UK. On Monday, in a development that witnesses the creation of the 6th biggest bank in Britain, CYBG, a mid-sized bank, has agreed to acquire Virgin Money for… Read More ›
Domino’s Pizza Group’s CFO leaves company for greener pastures
No reason was given for Rachel Osborne’s departure from Domino’s Pizza Group. The U.S. group was however quick to take control of the flow of conversation by stating that the company was on track to meet its guidance outlook for… Read More ›
Uber Technologies wants VMWare’s Zane Rowe as its CFO
Uber needs to fill the post of the CFO before it launches its IPO in 2019. As per a Bloomberg report, Uber Technologies Inc has selected VMware Inc’s Zane Rowe as its top candidate for the post of chief financial… Read More ›
General Electric eyes $4 billion asset sales, clarifies on issues surrounding capital allocation
Here’s what the CFO of General Electric had to say on how the conglomerate will raise funds, issues surrounding its stake in Baker Hughes, capital allocation at GE, and the turn around of GE Power. While speaking at an event… Read More ›
European business software giant SAP to acquire U.S. cloud sales management software Callidus Software Inc for $2.4 billion
The move underscores SAP core strategy of leaning on cloud-based solutions to drive up its margins and revenues. On the sidelines of SAP, Europe’s top tech company, posting results that were on the lower side of market expectations, the firm’s… Read More ›
Samsung Electronics appoints Roh Hee-chan as its CFO
Roh appointment forms part of a larger series of top appointments at Samsung Electronics which has resulted in newer younger generation coming to the helm in one of Asia’s biggest conglomerate. On Thursday, Samsung Electronics Co Ltd decided to name… Read More ›