HSBC Bank USA announced today the recent appointment of Edith Avilés to the HSBC North America Holdings Inc. (HNAH) and HSBC Bank USA, N.A. (HBUS) Boards of Directors, effective January 1. Avilés is a seasoned investment banker who has worked across US, European and Latin American markets for 30 years. She retired from Natixis S.A….
Diversified Maintenance acquires Facility Concierge Services
Diversified Maintenance, a leading provider of facility maintenance services, has announced its partnership with Facility Concierge Services, a full-service, woman-owned professional cleaning company in Central Pennsylvania. The strategic acquisition solidifies Diversified Maintenance’s commitment to footprint and vertical growth within the industry. Facility Concierge Services, led by Principal Mary Calverley, is recognized for its dedication to…
Schneider Electric, Intel and Red Hat launch new software framework for industrial control
Schneider Electric, the leader in the digital transformation of energy management and automation, has teamed up with Intel and Red Hat to release a new software framework for industrial control. The Distributed Control Node (DCN) software framework is an extension of Schneider Electric’s EcoStruxure™ Automation Expert that allows industrial companies to enhance their operations, ensure…
Brent Stone joins Ethos Capital as Managing Partner
BOSTON: Ethos Capital LP announced today that Brent Stone has joined the Firm as a Managing Partner, alongside fellow Managing Partners and Co-Founders, Erik Brooks and Fadi Chehade. Mr. Stone brings more than 25 years of experience, having completed investments with combined enterprise values of over $20 billion across multiple industries with a particular focus…
Onfido in talks with US firm Entrust for potential sale
LONDON, UK: Onfido, a UK-based fintech company that provides identity verification solutions using artificial intelligence and machine learning, is in exclusive negotiations with Entrust, a US-based company that specializes in payments, identities and data security, for a possible acquisition. The deal, if finalized, would be the sixth exit for Augmentum Fintech, Europe’s leading publicly listed…
Bob Lyons becomes new CEO of Universal Background Screening
Universal Background Screening (UBS), a leading workforce solutions company, has announced the appointment of Bob Lyons as its new Chief Executive Officer (CEO) and board member. Lyons succeeds Kevin Olson, the founder of UBS, who has stepped down after leading the company for over a decade. Lyons is a veteran technology executive with over 30…
Bollegraaf and Greyparrot join forces to create smart recycling plants using AI
Bollegraaf, the world’s largest builder of recycling plants, has entered into a strategic partnership with Greyparrot, a pioneer in AI waste analytics, to transform global waste management. The deal, worth $12.8M, will see Bollegraaf transfer its AI vision business to Greyparrot and also become a worldwide distributor and strategic partner for Greyparrot’s Analyzer, which provides…
Abivax appoints Ana Sharma as Vice President, Global Head of Quality
PARIS, FRANCE: Abivax SA, a clinical-stage biotechnology company focused on developing therapeutics that harness the body’s natural regulatory mechanisms to stabilize the immune response in patients with chronic inflammatory diseases, today announced the appointment of Ana Sharma as Vice President, Global Head of Quality. Ms. Ana Sharma brings over 20 years of experience in the…
Global insurance brokerage Pacific Prime has acquired MIT Insurance Brokers
Global insurance brokerage Pacific Prime announced the full acquisition of MIT Insurance Brokers Sdn Bhd, Malaysia’s leading insurance brokerage firm specializing in risk management, insurance, and reinsurance. With unwavering dedication to providing exceptional service, MIT has been at the forefront of Malaysian property and casualty, financial lines, and employee benefits solutions since 1973. Previously under…
Ørsted announces new business plan and leadership change
LONDON: Ørsted, the world’s leading offshore wind developer, has unveiled its updated business plan following a comprehensive portfolio review. The company aims to grow its installed capacity from 12 GW to 50 GW by 2030, with a focus on offshore wind, onshore renewables, and renewable hydrogen. The company also announced that Thomas Thune Andersen, who…
Pandora shines with 8% growth in 2023, aims for higher in 2024
LONDON, UK: Pandora, the world’s largest jewellery maker, reported an impressive 8% organic growth in 2023, beating its own guidance of 5-6%. The company attributed its success to its Phoenix strategy, which has transformed Pandora into a more sustainable, innovative and profitable brand. The Phoenix strategy, launched in 2021, involved investing in product development, marketing,…
Deltic Energy sells 25% stake in Selene Prospect to Dana Petroleum
LONDON, UK: Deltic Energy Plc, a natural resources investing company, has agreed to farm out a quarter of its interest in Licence P2437, containing the Selene Prospect, to Dana Petroleum. The deal will reduce Deltic’s exposure to the drilling and testing costs of the Selene well, which is expected to be drilled in Q3 2024….