Canada’s Barrick Gold has named Ammar Al-Joundi, a former member of its financial team, as its new chief financial officer (CFO). Al-Joundi had been CFO at Agnico-Eagle Mines since leaving Barrick in September 2010. The new appointment will take place on 10 July.
The CFO position at the world’s largest gold producer had been vacant since 6 June, when Barrick announced that Jamie Sokalsy was being promoted from CFO to chief executive officer (CEO), to replace Aaron Regent.
Al-Joundi was previously with Barrick for 11 years before joining Agnico-Eagle. He served as a senior vice president (SVP) and spent two years as CFO of Barrick’s South American business unit. Prior to joining Barrick in 1999, Al-Joundi spent eight years as an investment banker at Citibank Canada.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.
With rising interest rates being a hot topic at this year’s AFP conference, many treasurers were discussing how they can structure their ... read more