Exits Financial News

UBS co-head of equities Chris Scott is out. Street Talk understands the UBS veteran exited the Swiss investment bank on Thursday following an internal structural shift.

Los Angeles Dodgers player Austin Barnes left Tuesday's game against the Miami Marlins due to an incident involving Marlins hitter Nick Fortes' backswing. Initially, Barnes stayed in the game after consulting with medical and coaching staff, but later, he was substituted by Will Smith. Barnes' condition is currently under evaluation for potential structural damage and a concussion, making his return uncertain. The Dodgers view Barnes as an essential backup catcher and hope for a swift recovery. The Los Angeles Dodgers are leading the National League West with an 84-52 record, holding a 14-game advantage over the Arizona Diamondbacks. This strong position allows them to approach the playoffs with confidence. They plan to give some players extra rest and limit pitch counts to ensure they are well-prepared for the postseason. Last season, the Dodgers faced disappointment when the San Diego Padres upset them in the NLDS. This left a bitter taste in their mouths, as they believed they had the talent to reach the World Series. As the playoffs approach, the Dodgers are considered a formidable team. Their line-up boasts talented hitters, and their pitching staff, including stars like Mookie Betts and Clayton Kershaw, is equally robust. This LA Dodgers team is seen as having the potential for a successful postseason run.

Philip Webster also stepped down from his role as lead manager of the CT UK High Income trust in July, and was replaced by Moss.

The CEO of Walgreens Boots is stepping down after less than three years at the helm of the drug store chain

Chalice Mining boss Alex Dorsch has defended the use of high commodity price assumptions in a scoping study that sparked a 27 per cent crash in the company’s share price during morning trade on Wednesday.

Fortescue Metals executive chairman Andrew Forrest says he will accept the first generation of clean energy projects having lower rates of return than alternative growth options in the iron ore division, as mining boss Fiona Hick added to the extraordinary turnover of executives at the company.

Zomato Ltd on Monday via bulk deal on BSE, data on the bourse said today. The US-based venture capital fund offloaded 123,486,408 equity shares or 1.44% at an average price of ₹91.01 per share.

investment firm Tiger Global has sold its remaining 1.44% stake in online food delivery platform Zomato in the open market on Monday. According to BSE bulk deal data, Tiger Global's Internet Fund III PTE has sold 12.35 crore shares at Rs 91.01 apiece to raise about Rs 1,124 crore.

MUMBAI : Late-stage technology investor SoftBank Investment Advisers has made more than $5.5 billion in exits from its Indian portfolio since it began operations in November 2018 in Mumbai, said Sumer Juneja, the firm’s managing partner. Of the total, about $1.5 billion was booked in the last 12-18 months, said Juneja, also the firm’s head for Europe, Middle East and Africa. Another $1.5 billion is liquid and in tradable equities, he said in an interview.

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Alexandra Altinger has headed up the company’s Europe and UK (EUKA) business for the past four years and will step down from her role at the end of August.

Premier Investments chief executive Richard Murray has quit as the retail group controlled by Solomon Lew evaluates a possible demerger of some of its businesses, including brands Peter Alexander and Smiggle.

Indian stocks to its Global Standard index as part of quarterly index review, while removing one.HDFC Asset Management, IDFC First Bank, Ashok Leyland, Astral, Cummins India Kirloskar, REC, Power Finance Corporation, and Supreme Industries will enter the MSCI Global Standard index, effective August 31. ACC will be removed from the Global Standard index, the index aggregator said.

Sanjiv Somani had been on the top job at Nutmeg for under a year.

Who’s Vaibhav Taneja Tesla’s New Indian-Origin CFO? Kirkhorn joined Tesla in 2010 as a senior financial analyst and was promoted five times. Most recently, he became the CFO in early 2019 at the age of 34.

MUMBAI : I am leaving, but I am still there," said A. M. Naik, the departing chairman of engineering and construction giant Larsen & Toubro (L&T) Ltd, while addressing his final and the conglomerate’s 78th annual general meeting (AGM) on Wednesday.

By Nandita Bose

Freshworks saw two more exits among the top rung of leaders reporting to founder and CEO Girish Mathrubootham. Chief human resources officer Suman Gopalan and chief marketing officer Stacey Epstein are leaving the firm, the company said in a statement on Monday. While Gopalan spent a little over 5 years with the firm, Epstein was with Freshworks for over nearly 2.5 years.

Egypt and other lower-income Middle Eastern countries like Lebanon and Pakistan are worried about what comes next after Russia pulled out of a crucial wartime grain deal

Ashish Dhawan added Religare Enterprises to his portfolio in the quarter ended June 2023 while he likely exited two companies — Birlasoft and Zensar Technologies. Dhawan picked up a 1.66% stake in Religare Enterprises (REL) — a diversified financial services group giving services across verticals viz. loans to SMEs, affordable housing finance, health insurance and retail broking.

A year after taking over Goldman Sachs Group Inc.’s exclusive family office for the firm’s top brass, including current and former wealthy executives, partner Lisa Opoku joins a roster of executives abruptly giving up new posts.