Australia's Link Group recently acquired superannuation administration software provider Syncsoft.
Finance/Venture
Mirza Adityaswara is new central bank deputy
Mirza Adityaswara was appointed as Deputy Director of Bank Indonesia by Indonesian lawmakers. Mirza Adityaswara, a central bank outsider, was chosen by Indonesian lawmakers to become the new Deputy Director of the Bank Indonesia.
Okta announces completion of Series D funding round
In its latest funding round, Okta raised USD27 million from investors headed by Sequoia Capital. In an announcement, Okta said it had completed a Series D funding round where it raised a total of USD27 million.
New Zealand Prime Minister vows to reach NZD5 billion revenues from asset sales
NZ Prime Minister John Key, despite the write down of key assets, expects to reach the lower end of initial targets for revenues for share sales of government owned interests.
Danske Bank fires its CEO
Eivind Kolding's reign as Danske Bank CEO ended when the bank fired him. In a surprise decision, Eivind Kolding, Danske Bank A/S CEO was fired after less than two years on the job.
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Two of the biggest managed risk services providers in the world, Stiftelsen Det Norske Veritas (DNV) and Germanischer Lloyd SE (GL), got approval from competition authorities to finalize its planned merger.
According to Bloomberg data, investor sentiment still had not returned to the US financial industry.
The Korean Financial Investment Association was visited by members of the Fair Trade Commission to obtain documents on its probe as to alleged rate fixing for the country's certificate of deposit.
Paulo Portas, the new Portuguese deputy prime minister, would have oversight over budget negotiations, a position that would prove problematic in light of Portugal's compliance with previous requirements.
The Chinese government, amidst calls for a pending crisis due to bad debts, is pushing its banks to shore up its capitalization in compliance with Basel III.
Raiffeisen Bank International had been drubbed by bad debts in its Eastern European business as well as insolvencies and restructuring in its home country of Austria.
Rabobank Groep would open its first commercial banking branch in Turkey with a USD300 million in capital after it got regulatory approval last month.
The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.
A new marketing campaign is being rolled out by Zurich Insurance to assure the public that it is business as usual despite the suicide of its CFO and resignation of its Chairman.
