Credit Suisse is promoting veteran Swiss investment banker Thomas Gottstein to head up its ultra-rich clients business in Switzerland, highlighting the expertise increasingly sought by private banks to cater to their wealthiest customers.
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Samsung chairman's daughter gets a promotion in company's holding outfit
Monday's announcement of executive promotions at Samsung Group stood out when the Group announced Samsung Chairman Lee Kun-hee's daughter, Seo-hyun, as a division president at holding company Samsung Everland Inc.
Emerging market slowdown to remain until economic reforms address new market conditions - Unilever chief Polman
Unilever attributes its declining sales to the slowdown in emerging markets, and Chief Executive Officer Paul Polman urges countries in these markets to create structured economic policies real soon.
Rise in mergers, acquisitions signals Southeast Asia as new deal-making hub
Thanks to the decline in deals in Greater China, demand and pay for Southeast Asian investment bankers as deal makers had seen an increase, according Thomson Reuters data.
Malaysia's Mahathir Mohamad resigns as adviser to state-run Petronas
Former Malaysian Prime Minister Mahathir Mohamad told reporters that he had stepped down from his post as an adviser to Petronas, the state-run oil firm.
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23 year-old Jacob Cook's open-source project Ark OS was able to get USD45,189 in backing from 859 investors to develop a full-scale Google Reader alternative.
Westports Holdings Bhd founder and Chairman G. Gnanalingam said his company is looking to partner with strategic investors to expand the capacity of Port Klang in Malaysia.
In an interview with Bloomberg TV India, billionaire Anil Agarwal expressed his disappointment about the outcome of his INR500 billion or USD8 billion investment in his aluminum business, and even commented that doing business in India is more difficult than elsewhere.
US firm Aurelius Capital Management sold its stake in Britain's Co-operative Bank to London hedge fund Perry Capital days after the private life of the bank's former chairman, Reverend Paul Flowers, was exposed.
Thanksgiving is a time for gratitude. A Wall Street Journal report from Shasha Dai shared what private equity professionals were most thankful for this year.
Christer Gardell, who co-founded Europe's biggest activist investor Cevian Capital, expects a burst of activity in mergers and acquisitions next year as corporate confidence returns.
RSA Insurance Group's Irish unit Chief Philip Smith resigned as the internal probe conducted on the insurance firm's accounting practices continued. Smith reasoned that he was made as a fall guy.
Sources interviewed by Bloomberg said the Microsoft Board had favored Ford CEO Alan Mulally and internal executive Satya Nadella as the front runners to lead Microsoft.
Bitcoin advocate Mike Hearn and skeptic Dr. Stephen Kinsella shared their opposing views on the future role of the digital currency in a BBC News report.
