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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. Emmett previously was the top executive of HSBC Bank plc and Europe, where he was responsible for HSBC's UK Wholesale Bank and operations across Continental Europe, Sub-Saharan Africa and Bermuda.

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Lowe’s, PetSmart And Others Take On New Leadership

PYMNTS

Despite another quarterly earnings miss announced Wednesday (May 23), Lowe’s shares got a 9 percent bump mid-week after poaching JCPenney CEO Marvin Ellison on Tuesday, a move that garnered support from Bill Ackman’s Pershing Square Capital Management LP. She will now focus on the consumer-focused approach, the company said.

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Udacity Brings On LendingTree Veteran As New CEO

PYMNTS

Before joining Udacity, Dalporto was at LendingTree , where he served in several leadership roles throughout his seven-year tenure, including chief marketing officer and chief financial officer. The Mountain View, California company currently has operations in China, Egypt, Germany, India and the United Arab Emirates.

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Sterling Bancorp Names Leaders Of Innovation Finance Group

PYMNTS

Under John and Josh’s leadership, we will provide a unique offering of efficient banking solutions to diversified companies, and facilitate their ongoing growth and development.”. He was a technology banker with Wells Fargo Securities and RBC Capital Markets before launching CIBC’s Innovation Banking practice.

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Equifax Names Warburg Pincus Executive Its New CEO

PYMNTS

In a press release , Equifax said Begor will start on April 16 and is coming to Equifax from Warburg Pincus, where he was a managing director and focused on operational improvement across the portfolio of companies that fall in Warburg Pincus’ Industrial and Business Services unit. Begor is succeeding Paulino do Rego Barros Jr.,

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Melior Equity Partners Announces Investment in Salmon Software

Bobsguide

Founded by CEO John Byrne, Dublin-headquartered Salmon Software employs a total of 30 staff across its operations in Ireland and the Czech Republic. Salmon Software’s existing management team, including John Byrne, will remain in their current leadership roles and continue as significant shareholders in the business.

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Key Components of a Strong Sanctions Compliance Program

Abrigo

In 2019, OFAC issued new guidance on the essential components of a strong OFAC compliance program. As seldom seen from the regulatory authorities, the Guidelines generally defines management as senior leadership, executives, or the board of directors. Now more than ever, the guidance is an important tool in creating an effective SCP.