Munich-based insurance and asset management firm Allianz said Friday that it appointed two new members to its management board, one of whom is moving into a position that was held by the company’s retiring chief operating officer.
Deutsche Bank is considering revising its work-from-home policy to allow employees to split their work between the office and their homes in the future, a bank spokesperson said Friday, as the lender looks for cost-cutting opportunities amid the global pandemic.
A U.K. financial watchdog reportedly urged banks and investment managers to more closely supervise employees working from home as financial firms scale back return-to-office plans amid a resurgence of COVID-19 in the country.
Seven-year board veteran Lionel Nowell will become Bank of America’s lead independent director, the U.S.’ second-largest bank said Thursday, succeeding Jack Bovender, who will retire next year after a half-dozen years at the helm.
Travelers Cos. launched a new insurance program Wednesday that caters to professional service providers through industry-tailored coverage options and by combining their property, casualty and business policies into one.
Hamilton Lane said on Wednesday that it has chosen Paul Yett, a managing director with more than two decades of experience at the private equity firm, for a new role leading its environmental, social and governance efforts.
Mick Mulvaney, who has held several high-profile Trump administration roles including acting chief of staff, will join the board of advisors for a U.S. blockchain lobbying group which counts several major banks as members.
Deutsche Bank’s chief financial officer continued to express confidence Tuesday that the investment bank will reach restructuring targets by 2022, despite the challenges presented by the COVID-19 pandemic.
Lincoln Financial, the sixth-largest U.S. life and annuities firm by premiums, plans to appoint more Black executives as part of a commitment to promoting diversity spurred by protests calling for racial equality.
Insurance Australia Group, the largest general insurance provider in Australia and New Zealand, on Monday named longtime company executive Nick Hawkins as its new managing director and CEO to succeed its retiring chief.
The Facebook-backed Libra Association said on Thursday that it appointed former HSBC executive James Emmett as the CEO and managing director of Libra Networks, the unit tasked with developing and operating the company’s cryptocurrency payments system.
JPMorgan Chase said Tuesday that Stephen B. Burke, a longtime board member, has been named as its next lead independent director, replacing former ExxonMobil Chairman and CEO Lee Raymond, who previously agreed to step down from the role amid pressure from environmentalists.
Deutsche Bank will not require its U.S.-based employees to return to its New York office until next July, definitively signaling that the German bank is joining others in preparing for a long stretch of remote work.
Zurich North America on Wednesday launched a specialized liability insurance policy tailored for the unconventional market of Texas, the only U.S. state that does not require employers to maintain workers’ compensation coverage.
JPMorgan Chase, the largest U.S. bank by assets, sent some of its staff in New York home this week after one of its equity traders tested positive for COVID-19, ahead of plans to reopen the bank’s trading floor.
Japanese bank Mizuho International said Tuesday that it has pulled back on a move to allow all of its staff back into its London office after a surge of COVID-19 cases in the U.K.
American International Group has tapped Guy Carpenter veteran James Nash to lead its operations in Japan, the New York-based insurer said Tuesday.
AXIS Capital’s reinsurance arm is stuck with a bill for Northrop Grumman’s legal battles over employee retirement plans, after an appeals court ruled the insurer can’t back out of providing excess coverage after primary insurers paid out.
The Bank of New York Mellon has named a former member of Goldman Sachs’s management committee as the new head of its global market infrastructure division, consolidating four of its businesses under a single leader.
People of color remain poorly represented in upper ranks of U.S. financial firms, despite roughly reflecting the population in entry-level roles, indicating that white employees are much more likely to be promoted, McKinsey & Company said.