In a statement Goldman Sachs said, its Private Wealth Management division had opened up a new office in the high net-worth hub of Monaco as part of broader European expansion plans. To this end, it has hired Arnaud Caussin, Thibaut Lambert… Read More ›
division
Unilever sets optimistic sales targets for dairy & meat alternatives
On Wednesday, in a statement Unilever stated, it expects sales of its plant-based dairy and meat products to touch 1 billion euros sales in the next 5 to 7 years. Unilever is seeing a growth in this sector thanks to rising sales… Read More ›
NBCUniversal’s management shuffle sees entertainment & sports consolidate under Mark Lazarus
In a statement NBCUniversal announced a management reshuffle which saw the entertainment and sports division consolidate under Mark Lazarus, chairman of TV and streaming at NBCUniversal. As part of the management shuffle, Andy Lack who headed the news division will… Read More ›
JPMorgan Chase & Co plans on cutting 1% of workforce from its consumer division
Bloomberg has reported citing sources briefed on the matter as saying, JPMorgan Chase & Co plans on cutting hundreds of jobs across its consumer division. Bloomberg’s report did not mention the exact number of jobs JPMorgan plans on cutting but… Read More ›
Unilever’s CEO Paul Polman to retire on December 31, 2018
Paul Polman will be succeeded by Alan Jope, the head of Unilever’s beauty business. Anglo-Dutch consumer goods giant Unilever stated, its CEO Paul Polman will now be retiring. The move comes less than two months after the company had a… Read More ›
ABN Amro to slash 250 jobs from its Corporate and Institutional Banking (CIB) division
The announcement comes in the wake of its earlier December 2017 statement wherein it had hinted at the possibility of such a cost cutting measure. On Wednesday, ABN Amro stated it would shed 250 jobs as part of a cost… Read More ›
Boeing’s acquisition of Embraer’s commercial aviation division in final stage of negotiations
The deal could potential the creation of a new company controlled by Boeing which will focus on commercial aviation while Embraer would stick to creating business jets and aircrafts for defense. As per a report by Brazil’s largest financial newspaper… Read More ›
Blackstone Group LP in advanced talks to acquire Thomson Reuters’ F&R business for more than $17 billion
Thomson Reuters’ Financial and Risk business accounts for more than 50% of the group’s total revenues. As per 3 sources familiar with the matter at hand, Blackstone Group LP, a private equity firm, is in advanced talks to With Thomson… Read More ›