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Banking & Finance
Corporate and Investment Banks Face Client Exodus to Non-Bank Rivals
Corporate and investment banks (CIBs) are entering a high-stakes inflection point as 85% of their clients plan to shift business to non-bank financial institutions over the next year. According to Capgemini’s inaugural World Corporate and Investment Banking Report 2026, the primary driver is a widening service gap; while 58% of corporate treasurers demand real-time responsiveness, only 23% believe their current banking partners meet that requirement...
Public Markets
Blackstone-Backed Liftoff Files for U.S. IPO Amid Rebounding Market
Mobile marketing firm Liftoff has filed for an initial public offering in the United States, signaling a renewed push to the public markets after market volatility forced the company to delay its plans earlier this year. Backed by private equity giant Blackstone, the Redwood City-based company had previously aimed for a $5.17 billion valuation. The refiling suggests a warming sentiment for technology listings as global equity markets reach record highs and concerns regarding the disruptive impact of generative AI on software business models begin to stabilize...
Private Markets
EQT’s BPEA IX Targets High-Conviction Sectors Following $15.6 Billion Raise
EQT has finalized the close of BPEA Private Equity Fund IX at $15.6 billion, marking the largest Asia-Pacific-dedicated private equity fund ever raised. Reaching its hard cap despite a regional fundraising climate that hit a 12-year low in 2025, the fund was oversubscribed by a globally diversified investor base. The successful raise serves as a significant validation of the 2022 merger between EQT and Baring Private Equity Asia (BPEA), signaling that institutional capital is increasingly consolidating toward scaled, global platforms with established regional roots...
Features
Expedia Group Names Derek Andersen CFO to Drive Next Phase of...
Expedia Group has appointed Derek Andersen as its new Chief Financial Officer, bringing a veteran of high-growth consumer platforms to the Seattle-based travel giant. Andersen, who most recently served as the CFO of Snap, officially assumes the role on May 11, 2026. He succeeds Scott Schenkel, who is credited with strengthening the company's financial foundation and expanding margins over the last 16 months...
Popular Articles
Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...