The largest private healthcare provider in the United Arab Emirates is listed in London on the blue-chip FTSE 100 index but has come under increasing pressure after shareholder Muddy Waters raised questions over its finances, prompting major investors to sell out, sending its share price tumbling.
Coates has been at the Trump White House since he took office three years ago and has been a key player in the administration’s deliberations on Iran and the Middle East.
HSBC this week unveiled a drastic overhaul, the third since the financial crisis, under interim CEO Noel Quinn.
Chief Executive Leslie Wexner, who bought Victoria’s Secret in 1982 and shaped its image by hiring supermodels to wear jewel encrusted bras and wings at its annual fashion shows, will step down and hand over to Bath & Body Works executive Andrew Meslow.
Mustier has been credited with turning around the biggest Italian bank through major restructuring in the past three years, including cost cuts, dumping bad debts and shrinking the bank’s international presence.
The appointment of Hasker, a senior adviser at private equity firm TPG and former McKinsey & Co media consultant, could be announced as soon as Tuesday, when the Toronto-based company reports its fourth-quarter results, one of the sources said.
In a highly critical report, FINMA said there had been scores of failings at Switzerland’s third-largest listed bank, such as its acceptance of a 70 million Swiss franc ($71 million) transfer for a Venezuelan customer in 2014 despite knowing he was accused of corruption.
As a result, Daimler’s Chief Financial Officer Harald Wilhelm will take over responsibility as finance chief at Mercedes-Benz AG from April 1 and Mercedes-Benz Chief Financial Officer Frank Lindenberg will leave, the company said.
She returns as Trump steps up his campaign for re-election in November. Hicks was a spokesperson for Trump’s 2016 campaign and was one of the first hires for his presidential bid.
Unveiling the bank’s third overhaul since the financial crisis, Quinn told Reuters this week that the latest revamp would be less reliant on external factors, such as global interest rates and China’s economy.
The company said on Wednesday it would propose Chief Financial Officer Kim Sang Hyun as a replacement for Chung on the board. Shareholders will vote on the proposal during a meeting on March 19.
BlackRock has accelerated its investment in the region as a strategic priority over the last two years and now runs more than $1 trillion there, “making us the largest independent asset manager on the Continent,” Rachel Lord, its head of Europe, Middle East and Africa, said in the memo.