5 Tips For Finance Leaders From RE/MAX’s CFO

The finance field has undergone massive changes in recent years, from the emergence of new technologies – which pose both challenges and opportunities – to the growing demand that finance leaders speak about and act on social issues. This has mandated that finance professionals at all levels – but especially those in leadership roles – move from out of the back office and into the public spotlight, adapting to a new normal in which finance pros are analysts, communicators and decision-makers.

In the first installment of my two-part Q&A with Karri Callahan, CFO of global real estate company RE/MAX, Karri and I discussed the state of the real estate industry as well as the challenges of being the central finance chief for a franchise-based enterprise. In part two, I asked Karri about her own unique insights and tips for aspiring

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BNP Halts New Commodity Trade Finance Deals as It Reviews Unit

(Bloomberg) — BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe, Middle East and Africa, according to people familiar with the matter.

The French bank, one of the largest lenders to global commodity traders, has recently told clients that no new deals will be concluded unless there’s a contractual obligation, said the people, who asked not to be identified because the information isn’t public. BNP is currently reviewing options for the future of its EMEA commodity trade finance business, the people said.

The move comes after the bank took a hit from commodity trade houses facing financial stress from Dubai to the U.S., the people said. BNP’s commodity trade finance team suffered sell my house fast jacksonville heavy losses from the bank’s exposure to companies including crop trader Phoenix Group, energy firm GP Global Group as well as coffee

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EasyJet chief hires finance director from TUI to help airline’s fightback from Covid quarantine crisis

A file picture of staff cleaning an EasyJet plane at Gatwick Airport: PA
A file picture of staff cleaning an EasyJet plane at Gatwick Airport: PA

EasyJet chief executive Johan Lundgren today hired one of the top executives at his former employer, Tui, to be his new finance director and help lead the struggling airline’s fightback from the catastrophic effect of the pandemic on its business.

Kenton Jarvis, 52, will replace Andrew Findlay, who resigned in May, days after surviving an effort by founder and major shareholder Stelios Haji-Ioannou to oust him and other directors.

Jarvis is chief executive of Tui’s Aviation division among other roles and was once finance director of Airtours Holidays, part of MyTravel, which was merged with the now-collapsed Thomas Cook. MyTravel had an accounting debacle which claimed the scalps of several senior directors between 2002 and 2003.

Jarvis joined Tui in 2003 and rose through the ranks to the management board level. EasyJet said he had “proven his

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German ministers face grilling over Wirecard collapse

Frankfurt am Main (AFP) – Germany’s finance and economy ministers will be grilled by lawmakers on Wednesday about the massive fraud scandal that brought down payments provider Wirecard, amid criticism that authorities failed to act on early warning signs.

Wirecard filed for insolvency last month after admitting that 1.9 billion euros ($2.2 billion) missing from its accounts did not exist.

Former CEO Markus Braun has been arrested on suspicion of falsifying accounts and market manipulation.

The Wirecard revelations have stunned Germany, drawing comparisons with the Enron accounting scandal in the United States almost two decades ago.

Germany’s parliamentary finance committee has asked Finance Minister Olaf Scholz and Economy Minister Peter Altmaier to attend a closed door special hearing to shed light on the saga from 1400 GMT.

Questions are likely to focus on when exactly government officials and regulators learned of accounting irregularities at Wirecard, and if there were any

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