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Breaking News

Computers find it easier to crack passwords than humans do to remember them.

Nike and Anheuser-Busch drop Lance Armstrong sponsorship.

Rupert Murdoch is re-elected News Corp chair.

Hearst Magazines has appointed Amanda Turnbull as group publishing director of Esquire and Harper’s Bazaar, replacing Tess Macleod Smith who left last year to join Net-a-Porter.

Ian Billington and Paul Cartmell, Billington Cartmell Group founders, are leaving the agency after 22 years, following the agency’s sale to private equity firm Hutton Collins Partners, with Rupert Howell, the former ITV commercial director, taking over as non-executive chairman.

Mastercard has raided rival Visa to bring in a UK comms head, as part of a move to beef up its approach to PR.

CITIGROUP
The lender named Masao Yoshikawa, a former partner at private equity firm Silver Lake, as its new head of mergers and acquisitions in Japan.

CREDIT SUISSE
Bassam Yammine, top Middle East investment banker and the co-chief executive for the bank’s operations in the region, has resigned to pursue personal business interests.

NATIONAL AUSTRALIA BANK
The bank appointed Spiro Pappas as chief executive, Asia. Pappas was previously a senior banker at the firm.
BPI
Nicolas Dufourcq, chief financial officer of computer consultancy Capgemini, is stepping down to become chief executive of France’s new public investment bank, BPI.

NEWEDGE GROUP
The brokerage appointed Michael Schulz as chief risk officer for Newedge UK Financial Ltd, the group’s UK office. Schulz previously worked at Renaissance Capital in Moscow.

SECURIAN FINANCIAL GROUP
The financial services company named Christopher Sebald as president of its Advantus Capital Management unit. Sebald was previously executive vice-president and chief investment officer at Advantus.

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