OakNorth Banks on Regulatory Expertise with Appointment of Adair Turner as Chairman
Adair Turner, former head of the Financial Services Authority, has been appointed chairman of OakNorth, a UK business bank backed by SoftBank. With his experience during the global financial crisis, Turner is expected to contribute to OakNorth’s strategic growth plans and business product diversification. The move follows the departure of Cyrus Ardalan, the current chairman, who adheres to Britain’s Corporate Governance Code. OakNorth, founded in 2015, aims to leverage Turner’s insights for scaling and achieving ambitious sustainability goals, targeting net-zero emissions by 2035. Turner’s regulatory expertise signals OakNorth’s commitment to navigating evolving financial landscapes.
China-Philippines Tensions Escalate Amid South China Sea Patrols
Tensions between China and the Philippines have escalated as China accuses the Philippines of engaging “foreign forces” in patrolling the South China Sea, hinting at potential involvement by the United States. The Chinese military’s southern theatre command stated that the Philippines has been causing disturbances since Tuesday, likely referring to joint patrols conducted near Taiwan in collaboration with the U.S. This accusation comes amid already strained relations over territorial disputes in the South China Sea, with the Philippines leaning towards closer ties with the U.S. under President Ferdinand Marcos Jr. The situation underscores the complex dynamics in the region and the delicate balance of power among nations with overlapping claims in the contested waters.
Vistage’s Leadership Impact Surges with Dubai Expansion
Vistage, the globally acclaimed executive coaching organization, has taken a strategic leap with the launch of a new leadership group in Dubai, reinforcing its commitment to cultivating leadership excellence in the Middle East. This milestone follows the successful establishment of two CEO groups in Dubai in 2022 and underscores Vistage’s global impact, boasting a community of 45,000 members across 35 countries. Nathan Farrugia, a driving force behind Vistage’s Middle East growth, played a pivotal role in this expansion, showcasing his leadership and strategic vision. The appointment of Simon Lewis, a distinguished leader with over 30 years of experience, to chair the new group adds a wealth of leadership acumen, promising to enhance the dynamics of the cohort. As Vistage continues to shape business leadership in the region, the Dubai expansion marks a pivotal moment in its journey toward fostering leadership excellence worldwide.
Oman’s Minister Spearheads Global Economic Dialogue at G20 Summit
Qais al Yousef, Oman’s Minister of Commerce, Industry, and Investment Promotion, is leading a prominent delegation to the G20 Trade and Investment Ministerial Meeting in Jaipur, India, followed by the B20 Forum in New Delhi. Amidst the backdrop of ‘One Earth, One Family, One Future,’ the discussions will rejuvenate multilateral trade for global growth, leverage technology for seamless transactions, and fortify resilient trade mechanisms. Yousef’s participation underscores Oman’s commitment to fair, rules-based global trade, aligning with the visionary Oman Vision 2040 while emphasizing the pivotal role of technology in fostering inclusive economic progress and sustainable development.
Seven Key Skills in Top Customers’ Wants List in 2022
Leadership, resilience, digital ability, creativity, collaboration, people management and critical thinking are the key skills that customers of the digital learning and assessment specialist, eCom Learning Solutions, want their staff developing in 2022.
Alibaba overhauls e-commerce businesses, names new CFO
Alibaba Group Holding Ltd (9988.HK) said it will reorganise its international and domestic e-commerce businesses and replace its CFO – changes that come as the tech giant grapples with an onslaught of competition, a slowing economy and a regulatory crackdown.
Factbox: The challenges facing Amazon’s new CEO, Andy Jassy
Amazon.com Inc (AMZN.O) on Monday got a new chief executive: Andy Jassy, the mastermind behind its lucrative cloud computing division, who succeeds company founder Jeff Bezos.
MOVES Citi shakes up leadership ranks for UK and Ireland deal-making – memo
Citigroup (C.N) has named new co-heads of its banking, capital markets and advisory franchise for the UK and Ireland as part of a leadership shake-up to expand its client network in Europe’s biggest M&A market, according to a memo seen by Reuters.
EXCLUSIVE Toshiba’s No.2 shareholder calls for immediate resignation of board chair, 3 directors
Toshiba Corp’s (6502.T) second-biggest shareholder on Sunday demanded the board chairman and three other directors immediately resign after an investigation found the company had colluded with the Japanese government to pressure foreign investors.
Analysis: Bank of America leaves Wall Street wondering about next CEO
When Brian Moynihan took the reins at Bank of America Corp (BAC.N) in 2010, the U.S. bank was reeling.
