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Weekly Newsletter: Jan 06 - Jan 19, 2019

21 Updates

1. During Q1’2019, professional and financial service providers, and insurance brokers witnessed executive movements at their top management roles.
  • EY appointed Carmine Di Sibio, Global Chairman & CEO, succeeding Mark Weinberger effective July 1, 2019.
  • Mercer appointed Martine Ferland as the CEO & President, effective March 1, 2019.
  • Deloitte appointed Harry Goddard, CEO, Ireland, effective June 1, 2019.
  • Citigroup appointed David Livingstone as the CEO, EMEA region.
  • State Street appointed Ian Martin as the Head, Asia-Pacific region.
  • Barclays appointed Jacquelyn Titus as the Head, Financial Institutions Group, Canada. 
  • Oliver Wyman appointed Klaus Hoelzer as the Head, Finance & Risk, EMEA region.
2. Large technology players entering into strategic alliances and acquisition to expand their digital capabilities for disruptive technologies such as IoT, AI, Machine Learning.
  • AWS partners with Bsquare, a US based IoT services provider, to meet the increasing demand for Industrial Internet of Things (IIoT) services. Recently, it also acquired CloudEndure, an Israel based cloud computing firm, for USD250mn.
  • IBM and Vodafone, entered into a JV, to expand their AI, cloud and 5G offerings in the European market.
  • DXC is planning to acquire Luxoft, a Switzerland based IT solution provider, for USD2bn to enhance its digital offerings portfolio.
Financial Services

Bank of America’s Global Investment Banking Head Diego De Giorgi to Depart   Reuters | DD MM YYYY

Management Change - Bank of America’s Head of Global Investment Banking business Diego De Giorgi is stepping down in February 2019. Mr. De Giorgi will be replaced by two investment bankers, Jack MacDonald and Thomas Sheehan, who will be named the Co-Heads of Global Investment Banking business. Read more

Barclays Appoints Jacquelyn Titus as the Head of Its Financial Institutions Group in Canada   Barclays | DD MM YYYY

Management Change - Barclays has appointed former Goldman Sachs Group Managing Director Jacquelyn Titus as its Managing Director and the Head of its Financial Institutions Group in Canada. Ms. Titus will start at Barclays on January 21, 2019. Read more

Citigroup Appoints David Livingstone as its CEO in the EMEA Region, Succeeding Jim Cowles   Channel News Asia | DD MM YYYY

Management Change - Citigroup has appointed David Livingstone as its CEO in the EMEA region, succeeding Jim Cowles. Mr. Livingstone is currently serving as the Chief Country Officer in Australia. Read more

Goldman Sachs Invests USD6mn in Immersive Labs   Independent | DD MM YYYY

Financing - Goldman Sachs has invested USD6mn in Immersive Labs, a U.K. based cyber security firm. Goldman Sachs led the USD8mn Series A funding. The funds will be used by Immersive Labs to hire more staff to develop the skills platform. Read more

Nomura and Carlyle Group to Acquire Orion Breweries   Reuters | DD MM YYYY

M&A - Nomura and The Carlyle Group, a U.S. based private equity firm, will jointly acquire Orion Breweries, a Japan based brewery firm. The acquisition will help Orion in expanding in the U.S. and in other parts of Asia. Read more

State Street Appoints Ian Martin as the Head of the Asia Pacific Region, Succeeding Wai-Kwong Seck   FI News Asia | DD MM YYYY

Management Change - State Street has appointed Ian Martin as the Head of Asia-Pacific region, succeeding Wai-Kwong Seck. Mr. Martin will also continue to act as the Head of Global Services in the region. Read more
Technology

Amazon Web Services, Bsquare Partners to Boost IIoT Adoption   PR Newswire | DD MM YYYY

Technological Advancements - Amazon Web Services and Bsquare, a U.S. based Internet of Things (IoT) provider, have partnered to meet the increasing demand for Industrial Internet of Things (IIoT) services. Bsquare will use AWS' cloud services and both companies will focus on marketing and innovation to allow for rapid time to value for IoT deployments. Read more

AWS Acquires CloudEndure for USD250mn   Time of Israel | DD MM YYYY

M&A - Amazon Web Services (AWS) has acquired CloudEndure, a Israel based cloud computing company, for USD250mn. CloudEndure is an AWS Advanced Technology Partner since 2016. Read more

DXC Technology to Acquire Luxoft for USD2bn   DXC Technology | DD MM YYYY

M&A - DXC Technology will acquire Luxoft, a Switzerland based IT solution provider, for USD2bn. The acquisition will accelerate DXC’s digital offerings portfolio. The deal is expected to close by June 2019. Read more

IBM Services, Meiji Yasuda Life Renew Outsourcing Contract for Digital Transformation   IBM | DD MM YYYY

Business Win - IBM Services has renewed 8-year outsourcing contract with Meiji Yasuda Life, a Japan based life insurance company. In order to enhance flexibility and scalability so as to accommodate digital transformation in the insurance industry, a private cloud environment will be newly built on IBM Z. Read more

IBM, Vodafone Launch Cloud, 5G and AI Business Venture in Europe   CNBC | DD MM YYYY

Strategic Partnerships - IBM and Vodafone will launch a new venture aimed at boosting Europe’s 5G, AI and cloud capabilities. The venture will allow Vodafone to access IBM’s cloud services, while Vodafone will provide mobile infrastructure like 5G to IBM. The 8-year agreement is valued at USD550mn. Read more

IBM Services Bags USD540mn Outsourcing Deal with Nordea Bank   IBM | DD MM YYYY

Business Win - IBM Services has bagged USD540mn multi-year deal with Nordea Bank, a Sweden based banking firm. The bank will outsource its IBM Z infrastructure services to IBM in 5 countries. Read more
Global Brokers

Guy Carpenter Launches Global Capital Solutions Group   Insurance Journal | DD MM YYYY

Restructuring - Guy Carpenter has launched a global capital solutions group and has made a series of leadership appointments that will become effective upon the closing of Marsh & McLennan’s purchase of JLT. David Priebe, who is the Vice Chairman of the company, will lead the Global Capital Solutions Group. Read more

Mercer Names Martine Ferland as Its Next CEO and President   Marsh & McLennan | DD MM YYYY

Management Change - Mercer has named Martine Ferland as its next CEO and President effective March 1, 2019. Ms. Ferland will report to Marsh & McLennan's President and CEO Dan Glaser, and join the Executive Committee of Marsh & McLennan. Read more

Oliver Wyman Appoints Deborah O’Neill as Its Head of Digital in U.K   Information Age | DD MM YYYY

Management Change - Oliver Wyman has appointed Deborah O’Neill as its Head of Digital in U.K. Ms. O’Neill is currently serving as a Partner in the company. The appointment was made to fuel Oliver Wyman's digital transformation services in U.K. Read more

Oliver Wyman Appoints Klaus Hoelzer as the Head of Its Finance & Risk Practice in the EMEA Region   Oliver Wyman | DD MM YYYY

Management Change - Oliver Wyman has appointed Klaus Hoelzer as the Head of its Finance & Risk practice in the EMEA region. Mr. Hoelzer will report to Matt Austen, who is Co-Head of Financial Services practice in the region. Read more
Professional Services

Deloitte Ireland Appoints Harry Goddard as Its Next CEO, Succeeding Brendan Jennings   Techcentral Ireland | DD MM YYYY

Management Change - Deloitte Ireland has appointed Harry Goddard as its new CEO succeeding Brendan Jennings effective June 1, 2019. Mr. Goddard is currently serving as the Head of Consulting practice in Ireland. He also heads the Technology practice in the EMEA region. Read more

Deloitte Appoints Jarrod Baker as the Leader of Forensic Practice in the Southeast Asia Region   Consultancy Asia | DD MM YYYY

Management Change - Deloitte has appointed Jarrod Baker as the Leader of Forensic Practice in the Southeast Asia region. Mr. Baker previously served as the Senior Managing Director, Forensic & Litigation Consulting at FTI Consulting. Read more

EY Appoints Carmine Di Sibio as Its Next Global Chairman and CEO, Succeeding Mark Weinberger   EY | DD MM YYYY

Management Change - EY has appointed Carmine Di Sibio as its next Global Chairman and CEO succeeding Mark Weinberger effective July 1, 2019. Mr. Di Sibio is currently serving as Global Managing Partner of Client Service in the firm. Read more

EY Launches EY Intelligent Move Solution   PR Newswire | DD MM YYYY

New Offerings - EY has launched EY Intelligent Move Solution, built using AI and robotic process automation (RPA) tools. The solution will allow enterprises that use SAP solutions to migrate to SAP S/4HANA efficiently. The solution is part of the EY Agile Business Finance transformation service launched in collaboration with SAP. Read more

EY, Kinaxis Partner for Digitization of Supply Chain   PR Newswire | DD MM YYYY

Strategic Partnerships - EY has partnered with Kinaxis, a Canada based supply chain management software company, to streamline its clients’ end to end supply chain capabilities and drive digital transformation. Both firms will adopt a concurrent planning approach to realize supply chain efficiencies.  Read more
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