In a significant development, Citigroup Inc has named Jane Fraser, the head of its consumer banking division, as its next CEO, marking her as the first woman to break the glass ceiling to lead a major Wall Street bank. With… Read More ›
HRM
Former Goldman Sachs’ managing director Adam Korn joins Sixth Street as CIO
Adam Korn, a former managing director at Goldman Sachs who played a key role in the bank’s embrace of technology, has joined Sixth Street Partners, an investment firm, as its new chief information officer. Earlier this year, Korn left his… Read More ›
ANZ names Paul O’Sullivan as next chairman
In a statement the Australia and New Zealand Banking Group Ltd said, Paul O’Sullivan, the current chairman of Optus, will succeed its current Chairman David Gonski, who is set to retire in October 2020. Gonski, who has been ANZ’s chairman… Read More ›
Qantas to cut 2,500 jobs, outsources ground operations in Australia
On Tuesday, Qantas Airways Ltd stated, it plans on cutting up to 2,500 jobs and outsource its Australian ground handling operations as it braces for a $7.17 billion (A$10 billion) hit to its revenues caused by the Wuhan Coronavirus pandemic…. Read More ›
Barclays’ investment banking division appoints Manuel Esteve as head of its equity capital markets in Europe
On Monday in a statement Barclays’ investment banking division said, J.P. Morgan’s Manuel Esteve will head its equity capital markets in Continental Europe. Esteve has been a managing director at J.P. Morgan’s equity capital markets for nearly 2 decades, 18… Read More ›
Rio Tinto trims bonuses of CEO and senior executives following destruction of ancient historic caves
On Monday, in a statement Rio Tinto said it will trim the short-term bonuses of its CEO as well as two other senior executives following a review of the company’s destruction of two historic caves in Australia in May which… Read More ›
Vodafone hires Jean-Francois Van Boxmeer as chairman
Britain’s Vodafone has hired Jean-Francois Van Boxmeer, the current CEO of Heineken, as its chairman. He will succeed Gerard Kleisterlee from November 2020. Van Boxmeer, a Belgian, will join Vodafone as a non-executive director on July 28. Since 2005, Boxmeer… Read More ›
ISS appoints Danske Bank’s Jacob Aarup-Andersen as CEO
On Monday, Danish services provider ISS announced, it has hired Danske Bank’s Jacob Aarup-Andersen, as its new chief executive officer, who will assume office from September 1. Aarup-Andersen, 42, who currently heads Danske’s Danish banking unit will replace incumbent CEO… Read More ›
Hyatt Hotels Corp to restructure and lay off 1,300 employees from June 1, 2020
Late on Monday, Hyatt Hotels Corp stated, as it restructures roles within its global operations, it would be laying off around 1,300 employees. The development comes midst a virtual halt in global travel as cities across the globe go into… Read More ›
Roche’s research arm hires MIT’s prize-winning cancer researcher Aviv Regev
On Monday, Swiss pharmaceutical giant Roche stated, it has hired a professor from the Massachusetts Institute of Technology (MIT) as its new head of its U.S. research arm which was responsible for some of it’s best-selling medicines in the last… Read More ›
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