Parallels, a provider of cloud services enablement and desktop virtualisation software, has appointed David Arkley as chief financial officer (CFO). Parallels generates more than US$100m in revenue and employs a global workforce of over 800 staff across the US, Europe and Asia.
Arkley joins Parallels’ leadership team with a seasoned background as an insightful financial expert and advisor. He will be a key contributor for shaping the company’s future direction as it continues its growth trajectory. He brings more than 20 years of experience in financial services and strategy, most recently in a senior financial role with Itron, a provider of energy and water resource management solutions for nearly 8,000 utilities in 130 countries around the world.
Arkley served in a variety of roles within Itron, including as CFO of Itron North America, where he was critical in positioning the domestic business to grow to US$1bn plus in revenue, and as vice president of mergers and acquisitions, where he led the US$1.7bn acquisition of Actaris Metering Systems.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.