Over the past few months, the largest investment banks in the United States and the EU announced a total dismissal of about 30 thousand employees amid falling trade volumes, costs optimizations, automation and actions of the authorities of developed countries. The bulk of the layoffs in the current...

The Paris court fined € 500 thousand and sentenced to imprisonment for a term of one year Head of the Swiss HSBC affiliate for wealthy clients Peter Braunwalder. The court decision was made in January 2019, but was published only now. According to Bloomberg, referring to the court document, the...

The new chief executive officer of BMW would be Oliver Zipse.   While grappling with the challenge that the advent and growing popularity of electric cars, BMW is hopeful that Zipse, who was described as a "decisive" company lifer, would be able to guide the company through the turbulent...

Julien Balkany, Chairman of Panoro Energy. DMR – As the Chairman of Panoro Energy could you describe your activity, what place and positioning does your company have in the oil industry? Julien Balkany - As the Chairman of Panoro Energy, I am responsible for both the leadership and stewardship of...

At a time of surging healthcare deals, Goldman Sachs finds new face to chair its Asian healthcare group, while Japan remains an exception. Goldman Sachs has named employee of Morgan Stanley, Samuel Thong, as the Chairman of “the healthcare group” for the Asian banks while Japan “investment banking...

In yet another management move, GSO hires Goldman Sachs’ Portfolio Manager. GSO Capital Partners, the credit platform of Blackstone has chosen its Senior Managing Director as well as the joined head, whereby appointing Dan Oneglia to handle the “distressed investing business”, reported the firm on...

One of the major reshuffles in its history was announced by China’s Alibaba Group Holding Ltd and is the largest shuffle in the company since the announcement of his retirement was made by its co-founder and CEO Jack Ma. According to analysts, this reshuffle is also a part of the strategy of the...

Sanofi’s months-long search for new chief executive meets a successful end. Sanofi is a French giant in the pharma industry which has announced Paul Hudson as its new C.E.O who is set to be Olivier Brandicourt’s successor post his retirement in September.   Hudson is a current “top...

Smiths Group selects a new leader as it moves ahead in its plan of separating its healthcare business. On Friday, June 7, 2019, the Smiths Group Plc revealed the name of its healthcare business’ leader. JehanZeb Noor is an executive of Amcor Flexibles, an “Australia-based packaging company”,...