Banking and Finance

Generation Development Group (GDG), an ASX-listed investment firm, has announced internal leadership changes. Former Olympic swimmer Grant Hackett has been named chief executive officer, while Rob Coombe transitions to the role of executive chair. Hackett’s new position comes with an annual fixed salary of $615,531, supplemented by superannuation and the...

Samsung Electronics Co., Ltd. has appointed CU Kim as President and CEO for Southeast Asia and Oceania (SEAO). Bringing over 20 years of leadership experience across regions like the Middle East and Latin America, Kim will oversee the company’s next phase of growth in a region recognized as a global...

Mitsubishi Heavy Industries, Ltd. (MHI) has announced significant executive appointments and board member nominations, marking a pivotal leadership transition. Effective April 1, 2025, current Chief Technology Officer (CTO) Eisaku Ito will assume the roles of President and Chief Executive Officer (CEO), succeeding Seiji Izumisawa, who will transition to Chairman of...

Binance.US has announced plans to restore its USD services in early 2025, signaling its first significant operational shift since regulatory pressures halted its fiat trading operations. The exchange had suspended dollar deposits and withdrawals in June 2023, following civil claims filed by the SEC that led to restricted banking access....

China’s pursuit of steady economic growth in 2025 is expected to benefit not only its domestic economy but also the Association of Southeast Asian Nations (ASEAN), according to experts. Policies aimed at boosting domestic demand and stimulating consumption are anticipated to positively influence ASEAN economies through enhanced trade and investment...

Shayne Elliott, the outgoing CEO of ANZ, has chosen to relinquish his long-term variable remuneration (LTVR) for 2025, a decision influenced by shareholder opposition ahead of the bank's annual general meeting. Proxy votes revealed that nearly half of ANZ shareholders—49.23%—rejected the proposal to award Elliott restricted and performance rights, signaling...

A landmark report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) has revealed that the global economy incurs losses of up to $25 trillion annually because industries such as agriculture, energy, and fishing fail to address the interconnected crises of biodiversity loss, climate change, and human health....

Telenor Sweden has announced that Jonas Edén, the current head of its B2B division, will assume the role of CEO from January 1, 2025. He will succeed Bjørn Ivar Moen, who is stepping down to return to Norway. Edén has been with Telenor Sweden since 2012, holding a variety of...

Crédit Agricole has announced the appointment of Olivier Gavalda as its next chief executive, succeeding Philippe Brassac. Gavalda, a long-time insider at the bank, will take the helm of France’s second-largest bank as it navigates a turbulent economic landscape at home and complex developments in Italy. Gavalda’s career at Crédit...

Throughout his campaign, President Trump assured voters that the U.S. housing market—alongside immigration, the economy, and the Middle East—was a top priority. As he returns to the White House in January 2025, real estate industry experts are sharing their perspectives on how his second term could impact the sector, the...