David Cameron defends ‘legitimate’ arms deals during Gulf states tour.
Facebook’s chief operating officer Sheryl Sandberg sold $7.4m (£4.7m) of Facebook shares last week, the earliest opportunity Facebook executives had to offload stock.
STANDARD CHARTERED PLC
The bank made a series of appointments:
Standard Chartered hired Alan Naughton as global product head of investors & intermediaries and transaction banking. Prior to this, Alan was the head of commercial management for global funds services.
The bank also hired Andrew Hempshall as global head of solution delivery & service, investors & intermediaries, transaction banking. He joins Standard Chartered from State Street Corporation.
Both Alan and Andrew are based in Singapore.
ZURICH INSURANCE GROUP AG
The insurer, which has subsidiaries around the world, appointed Mark Hartigan chief executive of global life Asia Pacific & Middle East, effective Dec. 31, 2012.
Prior to this, he was the head of strategic business development, global life.
GOLDMAN SACHS GROUP INC
The company cut the number of employees it lists as partners to help streamline expenses.
Goldman has reduced the number of partners to 407, down 31 from February, the bank said in a filing with the U.S. Securities and Exchange Commission, without identifying the partners that had been dropped.
The asset manager hired Terence Khoo as director of investment at its Hong Kong business.
Prior to this, Terence worked at HSBC James Capel, Credit Agricole Asset Management, Kerry Asset Management and Frontpoint Partners Asia.
Amundi has management teams operating in Europe, Asia, Australia and the United States.
CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC
Alan Goldfarb, the chairman of an organization that certifies and develops standards for financial planners has stepped down amid allegations that he may have violated the group’s ethics rules.
CALEDONIA INVESTMENTS PLC
The investment trust appointed Sally Flanagan as associate director to work in Caledonia’s unquoted pool. Sally will co-ordinate with Duncan Johnson, Head of Unquoted Investments. Prior to this, she was the global head of healthcare at Permira Advisers LLP.
REYL SINGAPORE PTE LTD
The asset manager, which is a subsidiary of the Geneva-based Reyl Group, hired Nicolas Duchêne as chief executive of Reyl Singapore.