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With 1% Equity Pledge, Airwallex is Helping Shape the Future of...
Airwallex, an Australian-founded financial platform, has taken a bold step to foster innovation and support entrepreneurs worldwide with the launch of the Airwallex Impact program. Committing to donate 1% of its equity—currently valued at over $56 million—the company is joining the Pledge 1% movement, ensuring that a significant portion of its success will contribute to long-term social good...
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Empowering CFOs: Transforming Finance into Strategic Partners
The evolving role of Chief Financial Officers demands a shift from traditional number-crunching to becoming strategic partners who drive business growth and value creation. This transition, known as finance business partnering, emphasizes collaboration with other departments to align financial insights with organizational goals...
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Eventbrite Appoints Anand Gandhi as CFO Amid Marketplace Transformation
Eventbrite, a global events marketplace operating in nearly 180 countries, has announced the appointment of Anand Gandhi as Chief Financial Officer. This leadership appointment aims to accelerate Eventbrite’s transformation into a leading two-sided marketplace for unique and local events. His expertise in scaling marketplaces and delivering financial results aligns with Eventbrite’s ambitions for long-term, profitable growth...
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Private Credit Market Expands Amid Opportunities and Risks
The private credit market surpassed $1.5 trillion globally in early 2024 and is projected to grow to $2.8 trillion by 2028. This surge reflects its emergence as a vital financing alternative to traditional loans and bonds. Factors driving growth include stricter bank lending criteria, fewer disclosure requirements, and the appeal of flexibility for borrowers...
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Unity Appoints Jarrod Yahes as CFO to Strengthen Leadership Team
Unity Technologies, a leading platform for creating and monetizing games and interactive experiences, has announced the appointment of Jarrod Yahes as Senior Vice President and Chief Financial Officer, effective January 1, 2025. Yahes' arrival follows the recent hiring of Steve Collins, former CTO of King and Co-Founder of Havok, as Unity’s new Chief Technology Officer...
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Adyen Supports Spanish Flood Relief Through Matched Donations
Adyen is stepping up to support those affected by the recent devastating floods in Spain through a powerful relief campaign. As part of their ongoing commitment to helping communities in crisis, the company has activated an emergency appeal to raise funds for the Federación Española de Bancos de Alimentos (FESBAL), a key organization providing critical aid...
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Corporate Bond Issuance Surges Amid Strong Economic Growth
Corporate bond issuance in the United States has exceeded $1.4 trillion in 2024, marking a near-record year, with projections suggesting even higher volumes in 2025. Four monthly issuance records were broken, driven by companies leveraging favorable market conditions to secure financing. Investment-grade bond spreads relative to Treasury yields have dropped to their lowest levels in nearly two decades, reaching just 79 basis points in October...
CFOs Balance Optimism and Uncertainty Amid Economic Volatility
The Q3 2024 CFO Survey by Grant Thornton, which engaged over 230 senior finance leaders, reveals a mix of optimism and caution among CFOs. Despite declining confidence in meeting demand (51%), supply chain objectives (53%), and labor needs (49%), 79% of respondents anticipate growth in net profits over the next 12 months — the highest in 10 quarters...
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Global Finance Leaders Eye AI for Corporate Reporting Challenges
The 2024 EY Global Corporate Reporting Survey reveals significant concerns among finance leaders and investors about the integrity and reliability of corporate nonfinancial reporting data. Nearly all finance leaders (96%) expressed doubts about the quality of their organizations’ data, with challenges such as inconsistent formats (35%) and reliability issues (39%) hampering decision-making...
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Private Equity M&A Rebounds Amid Challenges
Global private equity (PE) mergers and acquisitions (M&A) activity is showing signs of revival, pacing 12% ahead of estimates for the first half of 2024, according to a report by Alvarez & Marsal, citing Pitchbook data. However, the number of deals, at 4,210 worth $325.2 billion, still lags behind the first half of 2023 by 8% in volume and 17% in aggregate value...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...