CEO Financial News

Jonathan Bloomer wasn't a chairman of Morgan Stanley International in the investment banking sense of the word. He was a chairman of Morgan Stanley International in the standard sense of the word: Bloomer has chaired Morgan Stanley's London board of directors since 2016 as part of a portfolio of non-executive director roles. Now, Morgan Stanley may sadly need to find someone else. 

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President-elect Donald Trump says he is nominating Dr. Mehmet Oz, who hosted a long-running television talk show, to lead the Centers for Medicare and Medicaid Services

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

The Alberta government’s desire to bring in former prime ministerStephen Harper to chair Alberta Investment Management Corp. was telegraphed so strongly that people within the province’s $160-billion-plus pension and endowment manager reached out more than once in the past year to try to set up a meeting between Harper and AIMCo’s now former chief executive, Evan Siddall.

Trump is expected to pick Wall Street firm Cantor Fitzgerald CEO Howard Lutnick to serve as Commerce secretary, a Punchbowl reporter said in a post on X on Tuesday, without citing any sources. With Lutnick, Trump is tapping a long-time friend who backs the Republican's vision to bring manufacturing jobs back to the U.S. and promote the adoption of cryptocurrency. As co-chair of Trump's transition team, Lutnick had been seen for weeks as a possible candidate for a position in the Trump administration.

4680 battery technology have been questioned by CATL (Contemporary Amperex Technology Co. Limited) CEO, Robin Zeng. In a recent interview, Zeng made bold claims, stating that Musk doesn't understand how to make batteries and that Tesla’s 4680 battery is bound to fail. Here's the full breakdown of this business exchange.

Microsoft CEO Satya Nadella is opening a company conference in Chicago with remarks that could set the stage for where it’s taking its artificial intelligence business

Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone in a deal valued at $8 billion

In PwC's 2024 Asset & Wealth Management Report, published today (19 November), the consultancy found that 81% of the 264 asset managers and 257 institutional investors polled from around the world are looking to enter strategic partnerships, consolidation or M&A deals to enhance their technological capabilities. This is because they see AI as the next big source of revenue growth, as those looking to adopt ‘tech-as-a-service' are expected to benefit from a 12% boost to their revenues by 2028. AI emerges as key priority for asset management CEOs There was also the intention to build...

Meyer, who has spent the last two years at abrdn as chief client officer and has a total of 25 years' in the field of asset management, will succeed Rene Buehlmann, who is set to exit after less than two years in the role. Meyer, in turn, will be replaced by Richard Wilson, who will become abrdn's group chief operating officer, taking charge of the firm's technology capability and managing the efficiency of its IT and operations. He will stay in his role as CEO of interactive investor. In addition, David Scott, who has been the firm's chief technology officer, will retire as planned. ...

Indian Hotels Company jumped 3% on the BSE on Tuesday to hit their 52-week high of Rs 760.75 after the Tata Group company unveiled its 'Accelerate 2030 strategy' where it said that the company aims to increase its portfolio in the country by 700 hotels. The IHCL's Accelerate 2030 Strategy also aims to double consolidated revenue to Rs 15,000 crore by expanding the portfolio to 700+ hotels and maintaining industry-leading margins.

AMPIN Energy Transition on Tuesday said it has partnered with Copenhagen Infrastructure Partners (CIP) for joint equity investment of USD 300 million to set up renewable energy projects across India. The new collaboration follows the existing partnership that AMPIN and CIP entered in 2021 to enable joint equity investments of initially USD 200 million in renewable energy projects in India, a company statement said. «This new partnership along with the existing one is creating a USD 2.7 to 3 billion renewable energy asset base in India,» it said. Pinaki Bhattacharyya, Founder, MD and CEO of AMPIN Energy Transition said, «This deepened partnership not only strengthens our ability to expand our impact and accelerating India's renewable energy transition but it also reinforces our shared commitment to driving innovation and sustainable value creation.»

According to a report from Sky News, Rathi has thrown his hat into the ring, having been appointed to lead the UK financial watchdog by the Treasury in 2020, succeeding Andrew Bailey.  Should the regulator's CEO be successful, it would not be his first foray into political life. Rathi served as private secretary to prime ministers Tony Blair and Gordon Brown from 2005 to 2008, before moving to the Treasury for half a decade to become director of the financial services group.  FCA's Rathi calls for new approach to UK private markets to boost competition The FCA declined to comment, ...

LISBON, Portugal — Financial technology unicorns aren't in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they're keeping a watchful eye on it for signs of when the market will open up again.

Australia’s Resolute Mining says it will $160 million to Mali’s ruling junta to resolve a tax dispute, more than a week after the company’s CEO and two other employees were detained in the West African country

Theranautilus, which develops nanorobotic solutions for healthcare, has raised $1.2 million in seed funding from Pi Ventures. The funding round also saw participation from Golden Sparrow Ventures and angel investors including Lalit Keshre, CEO of Groww, and Abhishek Goyal, founder and CEO of Tracxn. With the new funds, Theranautilus, incubated at the Indian Institute of Science (IISc), plans to establish an International Organisation for Standardisation (ISO)-certified manufacturing facility to commercialise nanorobotics-based medical devices, initially focusing on dental care applications and filing new international patents.

AI-powered startups are emerging across the Indian heartland in places ranging from Shillong in the NorthEast to Raipur in central India and across Coimbatore and Kochi in the south. These ventures are riding on local talent, cost efficiency and the need for diverse inputs to build the curated, Indic language technology models and services that the AI revolution is seeding. With access to cheaper talent, lower rentals and operational expenses, better quality of life than the metros and remote working arrangements, these companies do not feel the need to migrate to the metros as yet. Tech knows no bounds

Fossil fuel executive Chris Wright, Donald Trump's choice for Energy secretary, is a strong supporter of oil and gas development, including fracking, a key pillar of the president-elect’s quest for U.S. “energy dominance” in the global market

Most U.S. stocks ticked higher to recover some of their sharp slide from last week

Elon Musk has been quite instrumental in the US Presidential elections 2024 and his contributions have been significant for Donald Trump's massive victory against Kamala Harris. Musk, after the win, has been placed as the co-head of a crucial committee for monitoring government expenses in the upcoming Trump administration, being seen as a reward for his continued support for Trump throughout the campaign season.