Chief executive officers
Julius Baer, a leading pure-play private bank, has announced the appointment of Stefan Bollinger as its new Chief Executive Officer, succeeding Nic Dreckmann who will continue to lead the Group until Bollinger's arrival in February 2025. Bollinger, a Swiss citizen, brings over three decades of experience in financial
Banking industry
The Goldman Sachs Group, Inc. has announced the appointments of Haidee Lee and Carsten Woehrn as Partners and Global Co-Head of Sponsor M&A and Co-Head of M&A in EMEA respectively. Haidee Lee joins from J.P. Morgan, where she served as Global Co-Head of the Strategic
Banks (Finance)
Goldman Sachs, a leading global investment bank, reported significant earnings in the second quarter of 2024. The firm's annualized return on average common shareholders' equity (ROE) stood at 10.9%, while diluted earnings per common share (EPS) reached $8.62. These results demonstrate the company's
Investment banks
Simona Jankowski, a seasoned executive with over 20 years of experience from Nvidia and Goldman Sachs, has been appointed as the Chief Financial Officer (CFO) of Lightmatter, a photonic supercomputing company. Jankowski's expertise in financial strategy, investor relations, and the artificial intelligence industry will drive Lightmatter's
Investment banks
UBS, Switzerland's biggest bank, has implemented a major reorganisation of its wealth management business, with a focus on aligning it more closely with the bank's investment bank and asset management unit. The move comes ahead of the leadership transition next week, where Iqbal Khan and Rob
Banks (Finance)
The European Investment Bank (EIB) and Bank of Kigali have joined forces to develop a new EUR 100 million climate finance initiative aimed at supporting smallholder farmers and agribusinesses in Rwanda. The scheme, expected to be launched early next year, will provide dedicated, long-term loans to facilitate access to finance
Banks (Finance)
Ørsted, the Danish energy company, has partnered with Breakthrough Energy Catalyst, the European Commission, and the European Investment Bank to support its FlagshipONE project, which aims to decarbonize the heavy shipping industry. FlagshipONE is Europe's largest e-methanol plant and is expected to produce up to 55,000 tonnes
Banks (Finance)
In a strategic move to enhance the agriculture sector in Zambia, the European Investment Bank (EIB) and First Capital Bank Limited have partnered to establish a US$10 million developmental line of credit. The partnership aims to address financing gaps within the agricultural segment and accelerate economic growth by providing
Banks (Finance)
Egyptian Minister of International Cooperation, H.E. Dr. Rania Al-Mashat, met with the Vice President of the Export-Import Bank of China, Dr. Zhang Wencai, to discuss joint cooperation in light of the development of Egyptian-Chinese relations. The meeting, held during the 2023 Annual Meetings of the Asian Infrastructure Investment Bank
Banks (Finance)
Top brokerage firms such as JPMorgan, CLSA, Credit Suisse, and Goldman Sachs have shared their views on various Indian stocks, reflecting a mixed outlook for the country's market. JPMorgan has an underweight stance on Vodafone Idea and Bharti Airtel, citing delayed price recovery and competitive 5G rollouts. CLSA,
Banks (Finance)
The European Investment Bank (EIB) has signed a Euros25 million venture debt financing agreement with ExeVir BIO BV (ExeVir) to advance the development of ExeVir's novel COVID-19 therapeutic. This financing is part of the EIB's COVID-19 response and is backed by the InnovFin Infectious Diseases Finance
Banks (Finance)
As the European energy crisis worsens, Czechs are torn between the need for urgent climate action and the immediate consequences of war in Ukraine. Amidst record heatwaves and droughts, a survey by the European Investment Bank (EIB) has found that 72% of Czechs consider the financial crisis their top concern,
