Anglo-Australian funds house Henderson is buying troubled British rival Gartmore, to create one of Britain’s largest retail asset managers with £78bn ($122bn) under management. “By bringing across fund managers and integrating the (Gartmore) business onto our own platform we will be able to enhance margins significantly,” Henderson chief executive Andrew Formica said. “Its recent travails…
From what France calls “economic warfare” as it probes a Chinese link to industrial espionage at Renault to currency confrontation and commodity rivalry, economic conflict is increasingly impacting businesses. President Nicolas Sarkozy’s office has asked French intelligence to probe suspected industrial espionage at the car giant. Renault suspended three executives at the start of January…
Prasert BunsumpunAge: 58Education:Harvard Business SchoolMBA, Utah State UniversityCareer highlights:2003 President and CEO, PTT Group2001-2003 Senior Executive Vice President, Gas Business Group, PTT Public Company When Prasert Bunsumpun, then 51, was appointed President of Thailand’s national energy company, PTT Plc in 2003 it was yet to join the ranks of the Fortune 500 elite. By 2004,…
Since its inception, Squared Financial Services (Squared) has continually invested in its product offering, technology and people, as it strives to become the platform of choice among all participants in the EFX market space. Today, the results of this investment are plain to see, as Squared Financial is poised to reap the rewards of its…
A provider of world class international shipping and transportation services, Qatar Navigation was named Best GCC Cargo Shipping Company 2010 as part of the World Finance GCC Trade & Industry Awards Programme for this year. When the firm was founded in 1957, the Qatari economy was in urgent need of an organisation that would cater…
One thing that hasn’t changed though is Walmex’s rapid growth and impressive financials as it continues to spice up the retail market in Central America. The challenge for Scot now, is to keep this Latin American retailing success story on track. In a country famous for its chilli peppers, it is only fitting that giant…
There is enormous agricultural potential in many parts of Africa. All the necessary natural conditions – good soils and climate, plenty of land and water – are present in many countries. There is no reason why Africa cannot be a major producer of agricultural products on a scale equal to that of South America. But…
World population is estimated at 6.8 billion people, of which close to two billion live in poverty, 925 million are undernourished, 2.6 billion lack basic sanitation, about one billion can’t read a book or sign their name and 443 million school days are lost each year due to water-related illnesses. Yes, the percentage of population…
After the United States, China is the second largest economy in the world. It has long been recognised as the fastest-growing globally, having recorded annual average growth rates in excess of 10 percent over the last quarter-century. In Q2 2010, China’s economy was valued at $1.33trn, and it is estimated that by the end of…
Double-dip recession or not, global consumers are retaining a crush on their personal electronic goods and super-smart mobile devices. Even in tough economic times, the confluence of advances in computing, communications, mobile handsets, digital content and growing worldwide adoption of the internet is fueling new purchases and creating a mobile revolution. Not surprisingly, this consumption…
