NORWELL: DIH Medical, a leading global robotics & virtual reality (VR) technology provider, has appointed Vaseem Mahboob as the Company’s Executive Vice President and Chief Financial Officer (CFO), effective July 9th, 2020. Mahboob will also serve as a member of the DIH Corporate Executive Board. “I couldn’t be more thrilled to welcome Vaseem to DIH,”…
Pekka Lundmark to start as President and CEO of Nokia on August 1, 2020
ESPOO, FINLAND: Pekka Lundmark will start his new role as President and Chief Executive Officer of Nokia on August 1, 2020, one month earlier than previously communicated. Rajeev Suri will leave his current position on July 31, 2020 and continue to serve as an advisor to the Nokia Board until January 1, 2021. The earlier…
Brooks Macdonald to acquire Lloyds Bank’s wealth management and funds business for £9.63 million
LONDON: Brooks Macdonald Group’s wholly owned subsidiary Brooks Macdonald Asset Management (International) Limited has entered into a binding agreement to acquire the Channel Islands wealth management and funds business of Lloyds Bank International Limited. The total consideration is expected to be up to £9.63 million, including £2.5 million of regulatory capital, with initial consideration being…
Persimmon appoints Dean Finch as new Chief Executive Officer
LONDON: The Board of Persimmon Plc announced the appointment of Dean Finch as Group Chief Executive. Dean will succeed David Jenkinson, who announced in February 2020 that he wished to step down once a suitable successor had been identified. Dean is a widely experienced senior executive with a strong commercial, financial and operational track record…
New Energy Solar agrees to sell 50% interest in Mount Signal- 2 for $52 million
SYDNEY, AUSTRALIA: New Energy Solar has agreed to sell a 50% interest in Mount Signal 2 (MS2) for US$52 million subject to final confirmatory due diligence, completion of binding documentation, and a performance-linked payment structure. New Energy Solar has agreed to sell a 50% interest in NEW’s MS2 solar power plant in California to NextPowerIII…
Al Salam Bank-Bahrain tops key performance indicator rankings for GCC banking sector
MANAMA: Al Salam Bank-Bahrain (Al Salam Bank) has achieved the highest reduction in non-performing financing (NPF) amongst 55 GCC listed banks in 2019, according to a report by KPMG. The Bank also ranked sixth in the region for Capital Adequacy Ratio (CAR), with a strong standing of 20.9 per cent. This makes Al Salam Bank…
ZeU Crypto Networks deploys four blockhain based games on EOS Testnet
MONTRÉAL: ZeU Crypto Networks Inc. provides an update on the progress of its gaming development business. Today, four categories of the company’s blockchain based games are being deployed on the EOS Testnet network in an effort to collect data for the next 90 days. The dataset that will be generated is a requirement for most…
Fandom Sports appoints new board member with access to wealth management network in China
VANCOUVER: FANDOM SPORTS Media Corp. announced the appointment of Mr. Jonson Sun to the Board of Directors. Mr Sun is Toronto based and is a well known figure on Bay Street. Jonson is the founder of GIC Merchant Bank Corp, which has diversified holdings across Canada, China, South Africa and UAE. He is the Co-Founder…
Sunshine State Tea begins roll out of CBD & Vitamin infused teas
VANCOUVER: Redfund Capital Corp. announced that its portfolio client Sunshine State Tea will begin manufacturing its lineup of CBD & vitamin infused teas as Washington State reopens. Although still in a cautious stage of restarting, three more Washington state counties last week received approval to move into the next phase of the state’s Safe Start…
Madison Metals and American Pacific Mining announce shareholders’ approval for the sale of Madison Project
VANCOUVER: American Pacific Mining Corp (APM) and Madison Metals Inc. announced the shareholders of Madison have approved the sale of the Madison Copper Gold Project near Silver Star Montana, USA to APM. The Madison Project is currently under an earn-in, joint venture agreement, whereby Kennecott Exploration Company, part of the Rio Tinto Group may spend…
Mag One Products signs consulting agreement with MiAnna Consulting & Design to market Vera Clean in North America
VANCOUVER: Mag One Products Inc. has signed a consulting agreement with MiAnna Consulting & Design Inc. MiAnna will be leading and responsible for the for the following deliverables: Rebrand Vera Clean products for the North American Market; Lead and manage all logistics for the delivery, production and sales of all Vera Clean products in North…
Ores Portugal lists on Euronext Access
LISBON: Euronext announced today that 12,55 million shares of Olimpo Real Estate Portugal, SIGI, S.A. (Ores Portugal) will be listed on Euronext Access Lisbon on June, 24th further demonstrating Euronext’s leading position as a benchmark market for European Real Estate companies. Ores Portugal is the first SIGI (Sociedades de Investimento e Gestão Imobiliária) to be…