Consumer goods maker Newell Rubbermaid has promoted company veteran Doug Martin to chief financial officer (CFO), succeeding Juan Figuereo.
Martin is a 25-year veteran of the company and most recently served as deputy CFO. He is credited for streamlining the company’s cost structure.
Before being promoted to deputy CFO, he had held several other positions at Newell. They included financial responsibility for Newell Consumer, the company’s largest operating group. In a different role, he helped steer a turnaround of Newell’s office products business.
Newell Rubbermaid added that Figuereo, who joined in 2009, will remain with the company for the next few months to help with the transition.
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.