Financial services
UK savers are holding PS300 billion in cash Isas, the most popular type of individual savings account, with individuals allowed to hold up to PS20,000 a year in a mix of cash and investments. The government is considering reducing the cash allowance, but AJ Bell CEO Michael Summersgill has
Chairpersons
Felix Osano has been confirmed as the new Chief Executive Officer of The Nairobi Hospital, effective immediately, succeeding James Nyamongo. Osano has a rich professional background spanning over 17 years, including global private equity investments in healthcare, leadership roles in FMCG and healthcare organizations, and a current Doctoral Candidate in
Chairpersons
Gordon & MacPhail, the Elgin-based Scotch whisky company, has announced the departure of its chief executive, Phillip White, who has left the business to pursue other opportunities and interests. Chairman Neil Urquhart will take on the role of acting chief executive. White's 13-month tenure at the helm of
Chairpersons
Lee Hae-jin, founder and chairman of South Korea's top portal Naver Corp., is visiting Taiwan and is expected to meet with Nvidia Corp. CEO Jensen Huang on the sidelines of the Computex 2025 tech exhibition. Lee is accompanied by Naver CEO Choi Soo-yeon and other top executives, marking
Financial services
Paytm, a leading Indian payments and financial services distribution company, has appointed Ramana Kumar as Chief Executive Officer for its Middle East business. Kumar, a fintech veteran with over 20 years of experience, brings significant leadership expertise in innovation and business development in financial services. Prior to joining Paytm, Kumar
Chairpersons
Alfred Stern, Chairman of the Executive Board and CEO of OMV Aktiengesellschaft, will not be available for reappointment, concluding his term on August 31, 2026. This marks the end of a significant transformation period in OMV's corporate history, led by Stern with remarkable success. The company has achieved
Financial services
Andrew Craddock, the chief executive of Darlington Building Society, will retire in 2026 after a 40-year career in financial services and seven years at the helm of the organisation. During his tenure, the building society has undergone a transformation, achieving significant growth and improvements in profitability, diversity, and community engagement.
Chairpersons
Effective organisational governance relies heavily on the delicate dynamic between the board, the board chairperson, and the CEO. When this triangle functions harmoniously, clear roles and decisive accountability are maintained. However, dysfunction within this relationship can lead to chaos, factionalism, and ultimately, organisational failure. The board oversees strategy, while the
Financial services
In a major move, BGC Group has agreed to repurchase 16,452,850 shares of its Class A common stock from United States Secretary of Commerce Howard W. Lutnick, making him divest his interests in BGC pursuant to U.S. government ethics rules. The shares will be repurchased at $9.
Financial services
A licensed Electronic Money Institution (EMI) is a significant step forward for PaySaxas, a leading fintech brand, as it gears up to capitalize on the European fintech market. The company has secured an EMI license from the Finnish Financial Supervisory Authority (FIN-FSA), granting it the authority to issue electronic money
Chief executive officers
Barry Ferguson, the 47-year-old former Rangers captain, had been serving as caretaker boss since February, guiding the team to the quarter-finals of the Europa League despite a disappointing league finish. However, the club has now confirmed that they will not be appointing him as their new permanent manager. The decision
Chairpersons
Business leaders are facing a treacherous landscape of tariffs, trade wars, and uncertainty. Gerry Storch, the former CEO of Toys "R" Us and vice chairman of Target, shared his insights on the current state of trade relations in a CNN interview. The former executive warned that the ongoing
