Clothing and home goods maker Ralph Lauren has appointed long-time Procter & Gamble (P&G) executive Christopher Peterson as its chief financial officer (CFO). He will also hold the title of senior vice president (SVP) when the appointment takes effect on 24 September, with responsibility over Ralph Lauren’s global finance and information technology organisations.
Peterson replaces Tracey Travis, who in July was named CFO at makeup and skin care company Estee Lauder, effective from 20 August.
At Ralph Lauren, Peterson will report to Roger Farah, president and chief operating officer (COO). Over the past 20 years, Peterson held corporate and operational positions with P&G. Most recently, he has served as CFO of P&G’s global household care division, where he has been responsible for strategic planning and financial management of businesses with combined annual revenues of about US$45bn.
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.