Resource America, a specialised asset management company, has promoted Thomas Elliott, currently senior vice president (SVP) of finance and operations, to the additional position of chief financial officer (CFO). He replaces Steven Kessler, CFO since 1997, who has retired from that position and has assumed the role of chairman of Resource Capital, a real estate investment trust sponsored and externally managed by the company.
Prior to becoming SVP in 2005, Elliott was a vice president-finance from 2001 to 2005. He also served as CFO of Resource Capital, serving from September 2005 until June 2006. From 1997 to 2001, Elliott held various financial positions at Fidelity Leasing, a former subsidiary of Resource America, including manager of financial planning, director of asset securitisation and treasurer.
Deutsche Bank plans to partner with fintechs that have complementary business models, rather than buying out tech start-ups and competing in the market, bank executives said at press briefing this week. They also discussed future strategies for the technology, securities and payments spaces.
Google sending money as sound, predictions around the Bank of Japan’s (BoJ) monetary policy meeting and the FCA's approach to PSD2 all hit the latest headlines in the world of treasury this week.
'Screen scraping' under PSD2 being publically criticised, the EC's plans to boost cybersecurity investment, the EU's third consecutive annual drop in M&A and EuroFinance's new managing director all hit the latest headlines in the world of treasury this week.
Leaked documents from the UK Home Office proposing that low-skilled EU migrants would be restricted in the UK’s post-Brexit immigration scheme may be more likely to increase automation and off-shoring of labour, rather than increase British wages, industry experts have warned.