Anglo-Dutch legal and scientific publisher Reed Elsevier has appointed Duncan Palmer as chief financial officer (CFO). He joins the group this month and will succeed Mark Armour, who is stepping down from the post in November.
Palmer was CFO at US building products group Owens Corning for five years and previously held senior finance roles for Royal Dutch Shell in the UK, the Netherlands and the US. A dual UK and US citizen, he studied mathematics at Cambridge University and has an MBA from Stanford University.
His appointment to the Reed Elsevier boards must be approved by an extraordinary general meeting (EGM), expected in early November.
Separately, Owens Corning said that Michael McMurray will take over the positions of senior vice president (SVP) and CFO with immediate effect.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
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.