Tag: CFO

Ex-Airbnb, Blackstone CFO Tosi Nears $750 Million for Tech Bets

(Bloomberg) — Laurence Tosi, a former chief financial officer of both Airbnb Inc. and Blackstone Group Inc., is in the final stages of raising a $750 million fund to make wagers on marketplace-focused technology companies, according to people with knowledge of the matter.



Laurence Tosi wearing a suit and tie looking at the camera


© Photographer: Peter Foley/Bloomberg
Laurence Tosi

Tosi’s investment firm, WestCap Investment Partners LLC, has received about $1.2 billion of investor interest and is slated to close the vehicle in mid-November, according to one of the people, who asked not to be identified because the talks are private. Investors in the new WestCap vehicle include sovereign wealth funds such as Caisse de depot et placement du Quebec, pension funds and ultra-high-net-worth individuals or entrepreneurs and their family offices, some of the people said.

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A WestCap representative and Caisse spokesman Conrad Harrington declined to comment.

The firm traces its roots to Weston Capital, which Tosi formed in

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Huawei CFO Dealt Fresh Setback in Fight Against Extradition

Meng Wanzhou leaves the Supreme Court in Vancouver, British Columbia, Canada, on Sept. 28.

Photographer: Darryl Dyck/Bloomberg

Huawei Technologies Co. Chief Financial Officer Meng Wanzhou failed to convince a Canadian judge to grant her access to confidential documents pertaining to her extradition fight.

Meng has pressed for additional disclosure about the circumstances of her arrest at Vancouver’s airport on a U.S. handover request in December 2018. She argues her arrest was unlawful and that her extradition case should be dismissed.

In August, she sought an order from the Supreme Court of British Columbia to force the Canadian government to authorize full access to documents she said had been redacted or withheld arbitrarily. Canada argued that divulging them would violate confidentiality agreements with clients and third parties.

Associate Chief Justice Heather Holmes “upheld a majority of Canada’s privilege claims,” Canada’s Department of Justice said in a statement late

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NorthStar Medical Technologies, LLC Announces Promotion of CFO Paul Estrem to Executive Vice President and Appointment to NorthStar Board of Managers – Press Release

BELOIT, Wis.–(Business Wire)–NorthStar Medical Technologies, LLC, a global innovator in the development, production and commercialization of diagnostic and therapeutic radiopharmaceuticals, today announced the promotion of Chief Financial Officer Paul Estrem, to Executive Vice President. Mr. Estrem has also been appointed to the NorthStar Board of Managers, effective October 12, 2020, and continues to report to President and Chief Executive Officer Stephen Merrick. Mr. Estrem joined NorthStar in November, 2018, as Senior Vice President and CFO. He has more than 30 years of relevant financial experience in the life science and medical technology industries.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005196/en/

Paul Estrem, Executive VP and CFO, NorthStar Medical Technologies (Photo: Business Wire)

Paul Estrem, Executive VP and CFO, NorthStar Medical Technologies (Photo: Business Wire)

“Paul’s strong combination of leadership and financial experience in growing successful organizations has served NorthStar exceptionally well since he joined the Company,” said Stephen Merrick, President and Chief Executive Officer of NorthStar. “As a

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INKY Technology Appoints Leigh Reichel as Chief Financial Officer (CFO)

COLLEGE PARK, Md., Oct. 2, 2020 /PRNewswire/ — INKY Technology Corporation, a pioneer in next-gen email phishing protection, today announced that Leigh Reichel, a seasoned industry leader with more than 30 years of financial management and executive leadership, has been appointed Chief Financial Officer (CFO).

“Leigh is an accomplished entrepreneur and financial executive with deep experience in the telecommunications, software, and internet industries,” said Dave Baggett, CEO at INKY. “With his strong background in corporate finance, accounting and operations, Leigh brings a wealth of experience and proven performance to INKY as we continue to invest in our future growth.”

Reichel has been deeply involved in more than half a dozen start up entities and several public companies, raising over one billion in public and private financing. With a strong pulse on the current and emerging market landscape, Reichel is well versed in managing and leading the

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A new technology skill every worker needs to be more valuable: Former Goldman Sachs CFO

  • Former Goldman Sachs CFO and CIO Martin Chavez says all workers in the future should be prepared to learn some form of coding. 
  • LinkedIn data shows that there’s been a recent boom in users taking introductory coding courses online, with increases as high as 500% in the past year.
  • But the Wall Street executive recently told CNBC that for most workers the key is to learn an algorithmic, problem-solving way of thinking, rather than becoming an actual computer coder. 

Wall Street won’t be ruled by code, but algos will guide career choices: Former Goldman CFO

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Martin Chavez served in more than one major role during his Goldman Sachs career, including chief financial officer and chief information officer, and those experiences were prime opportunities for the self-described “quant” to learn a valuable lesson about the future of work and technology. 

Wall Street will not be

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A new tech skill all workers need to be valuable: Former Goldman CFO

Martin Chavez served in more than one major role during his Goldman Sachs career, including chief financial officer and chief information officer, and those experiences were prime opportunities for the self-described “quant” to learn a valuable lesson about the future of work and technology. 

Wall Street will not be run by computer code alone, he says, but the rise of algorithms in financial services is a lesson in why most workers will need to become familiar with computer code if they want to be valuable to their organizations.

“Not everyone needs to be a coder,” Chavez said. “The idea of coding is valuable and wonderful, but the idea everyone should learn to code? … I don’t know, but everyone does need to have an algorithmic data, problem-solving mindset. That is a baseline skill for every professional in the workplace, no matter what the role is,” the former Goldman Sachs top

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Zilingo CFO Perry Resigns to Return to Citigroup for Tech Deals

The logo of Zilingo Pte is displayed on a window at the company's office in Singapore.

Photographer: Ore Huiying/Bloomberg

James Perry, chief financial officer of Singapore’s Zilingo Pte, has resigned from the online fashion marketplace, according to people familiar with the matter, marking a high-profile departure at the once-flourishing startup that has struggled since the coronavirus outbreak.

Perry will return to Citigroup Inc. as Singapore-based managing director and co-head of technology investment banking for Asia Pacific, the people said, asking not to identified because the information is private.

Zilingo didn’t immediately provide a comment. Perry declined to comment when reached on Monday.

The veteran dealmaker joined Zilingo about a year ago after the startup secured a funding from investors including Temasek Holdings Pte and Sequoia Capital in early 2019. Before that, Perry had served as managing director and head of technology investment banking for Citigroup in Asia

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A Q&A With Tegra118’s CFO

From the need to shore up retirement income to embracing sustainability through environmental, social, and governance (ESG) funds, there are plenty of ways the wealth management industry has had to adapt to market trends. Fintech platforms have helped financial advisors keep pace, designing more customized strategies for investors. I recently spoke with Andrew Schwartz, the CFO of one of those platforms, Tegra118. We discussed broad issues in the “wealth tech” space, but also touched on Tegra118’s strategy as a pioneer in this field. Andrew’s insights are relevant not just to finance professionals in wealth management and fintech, but in all industries where disruption is driving a need to grow and offer new solutions.

Jeff Thomson: Simplifying the wealth management experience is part of Tegra118’s mission. This year your company acquired the retirement planning fintech platform RetireUp so your clients can

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The Agile CFO: Innovative, Collaborative And Visionary

I recently spoke to Darrell Cox, the CFO of Vena Solutions, who is working to change the perception of corporate finance from something that is routine and reactive to something that is actually exciting and proactive. Darrell is committed to empowering the next generation of financial leaders, not only within Vena, but across the finance and accounting community. To that end, he has developed a methodology he calls “The Agile CFO” which is loosely based on the Manifesto for Agile Software Development (Vena develops and markets financial planning and analysis software, so this was a logical framework from which to start).

Cox considers himself the chief storyteller of

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Citi CFO on cutting office footprint, moving workers to low-cost areas

  • Citigroup’s CFO, Mark Mason, said the erroneous $900 million wire the firm recently sent was a chance to speed up plans to update the bank’s risk technology. 
  • Speaking on Monday at Barclays Global Financial Services Conference, Mark Mason, the firm’s chief financial officer, said that the bank is putting $1 billion towards risk and controls this year.
  • Mason also highlighted ways the bank plans to recognize savings during the overhaul, including cutting real estate and moving workers out of pricey locations. 
  • Visit Business Insider’s homepage for more stories.

A Citigroup executive highlighted the erroneous $900 million wire the bank recently sent as a chance to speed up plans to update the bank’s risk technology. 

Speaking on Monday at Barclays Global Financial Services Conference, Mark Mason, the firm’s chief financial officer, said that the bank views the incident as a chance to make changes.

“We recognize that errors like this are

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