NEW YORK (BLOOMBERG) - Iqbal Khan left abruptly as head of Credit Suisse Group's international wealth-management unit, fanning speculation that he'll join a major competitor and dealing a blow to chief executive officer Tidjane Thiam's expansion plans. Philipp Wehle, the wealth unit's chief financial officer, will take over with immediate effect, Credit Suisse said in a late night statement on Monday (July 1). The rising private banking star has been linked to a number of high profile positions. Khan, 43, is poised to take a post atop Julius Baer Group, the Swiss daily Tages-Anzeiger reported, citing unidentified people in the financial industry. Julius Baer hasn't made any statement on Khan's departure and a spokesman said the bank won't comment on speculation. Competition between Switzerland's lenders for the best private bankers has intensified as Credit Suisse and larger rival UBS Group tilt toward managing money for the rich and away from riskier trading operations. Credit … [Read more...] about Credit Suisse international wealth CEO Khan in surprise exit
Career growth potential meaning
You are now in the third or fourth year of your career journey. You did really well at your role as an individual contributor and you want to get more. The company valued your contribution, so they promote you to become a team leader. You are super excited and super optimistic that you will be doing great. But things don’t go as smooth as you’d expect. You don’t feel as energetic as before when you handle your own work and you are the superstar. Your stress level is higher and the relationship with people that used to be your teammates slowly changes. You start doubting yourself and you feel like you’re not achieving anything in this role. This is the feeling I had when I first started leading the content marketing team at iPrice Group. When I was in a senior content marketing executive role, I could say that I did pretty well. We produced great content, obtained publication and organic links from top publishers, both local and international. When they … [Read more...] about 36 crucial lessons I learned as a first-time manager
Before we head to the polls to vote for our senatorial bets, we want to pose a question to all constituents: do we really know what we want out of the personalities we will elect? What does it really mean to earn a seat in our senate halls? In this series of ANCX essays, some of our distinguished writers reflect on the careers of past and present senators who have made the most impact, and created a significant difference. In the Philippine political arena, the name Magsaysay is blue blood. But unlike other local political families, it represents humility and integrity. While he is political royalty, former Senator Ramon “Jun’’ Magsaysay did not sit on his family’s laurels. Instead he made his own legacy, and took the path less travelled when it was easier to just give in to pressure. Armed with impressive credentials and an untainted reputation, Magsaysay took on Senate investigations that a lesser equipped lawmaker … [Read more...] about The Last Good Senator: Ramon Magsaysay, Jr.
JOHANNESBURG: South African President Cyril Ramaphosa led the African National Congress (ANC) to victory in Wednesday's election, but a drop in its share of the vote underlines the challenge he faces restoring confidence in his party.With opponents in the ANC and an emboldened far-left opposition party, the former union leader turned business tycoon may struggle to deliver on his promises to push through tough reforms.Africa's oldest liberation movement won 55.5 per cent of the parliamentary vote, according to provisional results from 99.9 per cent of polling districts. That was its worst parliamentary result since it swept to power at the end of white minority rule but an improvement on its showing in 2016 local elections.Ramaphosa worked closely with South Africa's first black president Nelson Mandela to end white minority rule in 1994. He replaced scandal-plagued Jacob Zuma as head of state in February 2018 after winning a bitter contest to become ANC leader and convincing top party … [Read more...] about ANC keeps power in South Africa but scandals cost it votes