Latest news with #globalGrowth
Al Bawaba
24-06-2025
- Business
- Al Bawaba
CFI Appoints Ziad Melhem as Group CEO, Co-Founders to Lead the Board as Chairman and Vice Chairman
CFI Financial Group, a globally recognized leader in online trading, announced today the appointment of Ziad Melhem as its new Group Chief Executive Officer, marking an important milestone as the Group continues its strong global growth previously served as Group Chief Marketing Officer, where he helped elevate CFI's global brand and strengthen its presence across key markets. As Group CEO, he will lead the company's day-to-day operations, with a focus on accelerating growth, expanding client value, and driving innovation across CFI's global this leadership change, Co-Founders Hisham Mansour and Eduardo Fakhoury will transition from their current roles as Managing Directors to become Chairman and Vice Chairman of CFI Financial Group, respectively. As Co-Founders and members of the Board, they will continue to play a pivotal role in shaping the Group's strategic direction, guiding its long-term vision, and strengthening corporate governance across CFI's expanding global Stelios Thrasyvoulou, previously Chief Technology and Information Officer, will assume the role of Chief Product and Technology Officer, continuing to lead the development of CFI's innovative product and technology on the leadership evolution, Hisham Mansour, Chairman of CFI Financial Group, said: "As we move into an exciting new phase of CFI's journey, these leadership appointments reflect our commitment to building a company that continues to grow and evolve beyond its founders. Eduardo and I remain fully engaged in shaping the Group's strategic direction from our roles on the Board, and in supporting Ziad as he takes the helm as Group CEO. We have full confidence in his leadership and in the broader management team to lead CFI into its next chapter of success and deliver exceptional value to our clients worldwide."Ziad Melhem, Group CEO of CFI Financial Group, added: "It is an honor to take on the role of Group CEO and to continue building on the strong foundation that Hisham, Eduardo, and the entire CFI team have created. We are entering a dynamic new chapter for CFI, and I look forward to working with our talented teams to drive innovation, growth, and excellence across all markets we serve." These leadership appointments further strengthen CFI Financial Group's position as a leading global trading and investing provider, reinforcing its commitment to innovation, client value, and long-term growth across all markets it serves.
Entrepreneur
16-06-2025
- Business
- Entrepreneur
Japanese Firms Toyo and MODEC to Hire 750 People in its New GCC in Bengaluru
The new centre's launch is part of the companies' global growth strategy, enhancing their ability to deliver innovation, operational excellence, and scalable services across international markets. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. As India continues to be a hotbed for tech and innovation, Toyo Engineering Corporation (Toyo Japan) and MODEC, Inc. (MODEC) has officially launched their global capability Center (GCC), TOYO MODEC OFS India Private Limited (OFS India) in Bengaluru, India. The GCC spread across approx. 1,00,000 is set to hire 750 employees over the next three years. The roles will be across functions like engineering, procurement and comprehensive support for Floating Production Storage and Offloading (FPSO) projects. OFS India is a joint venture company of Toyo Engineering India Private Limited (Toyo India), a subsidiary of Toyo Japan and Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company. The new centre's launch is part of the companies' global growth strategy, enhancing their ability to deliver innovation, operational excellence, and scalable services across international markets. "Our journey to this day has been marked by a shared vision of innovation, excellence, and a commitment to creating value for our customers and stakeholders. This joint venture is a reflection of our collective belief in the power of collaboration and the limitless possibilities that arise when we combine our strengths and expertise," said Eiji Hosoi, President and CEO, Toyo Japan. "By establishing a presence here, we are embracing an environment that encourages innovation, agility, and collaboration—qualities essential to meeting the increasingly complex and sophisticated needs of our FPSO projects. This will help us scale with speed, maintain execution quality, and deliver smarter, more efficient solutions to our global clients," said Hirohiko Miyata, President and CEO, MODEC. According to an EY report, it is estimated that the domestic GCC market size will reach USD 110 billion by the year 2030, led by software exports, which remains a key component of India's service exports. It is predicted that by 2030, India will have 2,400 GCCs and that number can potentially increase to 2,550 as India emerges as the world's technology and services hub. "A large number of Japanese GCCs are expanding their operation in Bengaluru, signaling a new era of cooperation between Japan and India. Bengaluru can also provide an abundance of engineers with expertise in oil production facilities. With this center, OFS India will create valuable employment opportunities, support the growth of local industries, and drive offshore energy projects," said Nakane Tsutomu, Consul General of Japan in Bengaluru.
Yahoo
10-06-2025
- Business
- Yahoo
US, China set for second day of trade talks in London
STORY: The U.S. and China are set for a second day of trade talks in London on Tuesday. A Washington team led by Treasury Secretary Scott Bessent is negotiating with a Chinese contingent helmed by Vice Premier He Lifeng. They are meeting at the ornate Lancaster House in the UK capital. Back in the U.S., Donald Trump said there were signs of progress: "We are doing well with China. China is not easy. I think we are doing very well. They are over there now, I'm only getting good reports.' The talks come amid mounting fears over what a trade war means for global growth. Figures out the day before showed Chinese exports to the U.S. slumping by more than a third in May. Besides tariffs, the key issues in London include China's curbs on exports of rare earths. That's become a huge concern for manufacturers, with the minerals vital to all sorts of products. Reuters has reported that Beijing has now granted rare-earth licenses to suppliers for the top three U.S. automakers. But tensions remain high, with factories around the world saying they could have to halt output without continued supplies. In May, China and the U.S. did agree a temporary deal to roll back some of the tit-for-tat tariffs they imposed on each other. But the truce has looked fragile, with Trump at times accusing Beijing of violating the agreement. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
07-05-2025
- Business
- Finextra
GoldenSource appoints Terry Flynn as new MD
GoldenSource, a leading independent provider of enterprise data management (EDM) and master data management (MDM) solutions, has made its third senior leadership hire in a year as the company looks to accelerate its global growth ambitions. 0 Terry Flynn joined GoldenSource in May as its new Managing Director. He is responsible for continuing to bolster the company's rapidly growing buy side client base, which includes a diverse range of asset and wealth managers, pension funds, hedge funds, and sovereign wealth funds. The news follows the appointments of James Corrigan as CEO in September 2024 and Marc Mallett as Chief Commercial Officer in April 2025 - moves signaling a new chapter of growth for the company with its presence among the buy side expanding significantly over recent months, including a partnership with one of Australia's largest superannuation funds, Aware Super. Flynn brings over two decades' leadership experience in sales and business development within the financial technology sector. Prior to joining GoldenSource, he held the position of Managing Director of Asset Management and Insurance at global financial crime technology firm Fenergo, where he was responsible for the development and implementation of its go-to-market strategy for the buy side. Flynn has also held senior positions at several other prominent financial firms, including SunGard, Charles River Development, SimCorp, and Alpha FMC. James Corrigan, CEO at GoldenSource, said: 'The demand for diverse sets of data continues to grow in the buy side industry, and GoldenSource provides the enterprise level data management and analytics platform that allows buy side firms to manage that data and get the necessary insights from it. Terry has a demonstrated track record in guiding clients to see the value from their investment in enterprise level platforms. Terry will be essential in continuing to build our momentum in this segment of the market.' Terry Flynn, Managing Director at GoldenSource, added: 'I'm delighted to join GoldenSource at such an exciting time in the company's growth story. The team's expertise in buy side data solutions speaks for itself, and I am excited to contribute towards delivering on the pipeline of new business over the coming months.'
