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29
May

OCBC Reshuffles Wholesale Banking Leadership

OCBC Reshuffles Wholesale Banking Leadership Singapore’s second-largest bank, OCBC, announced key leadership changes in its global wholesale banking franchise. The changes are aimed at reinforcing OCBC’s position in two key businesses — commercial banking and global financial institutions – and driving the next stage of growth, the bank explained in a media release sent on Tuesday. Elaine Heng, presently group chief strategy and transformation officer, will succeed Linus Goh as head of global commercial banking, effective October 1. Goh will retire on September 30. Tan Yuen Siang (Image: OCBC) Tan...
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29
May

Hailey Bieber Becomes a Billionaire: Rhode Successfully Sells

Summary Hailey Bieber’s skin-care brand, Rhode, has been acquired by E.l.f. Beauty for $1 billion. Launched in June 2022, Rhode quickly gained a following for its products like the Peptide Glazing Fluid and Peptide Lip Treatment, promising a hydrated and glowing skin look often compared to a "glazed doughnut." In under three years, the brand achieved $212 million in net sales. Despite a few missteps, like blushes that didn’t suit darker skin tones, Bieber collaborated with Black creatives to improve products. Rhode will expand to Sephora this fall. Bieber remains...
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29
May

OCBC announces leadership changes in its global wholesale banking franchise

Oversea-Chinese Banking Corporation (OCBC) has made several leadership changes to its global wholesale banking franchise. These changes will take effect on Oct 1. Photo: OCBC Elaine Heng (pictured above), who is currently the group chief strategy and transformation officer, will succeed Linus Goh as OCBC’s head of global commercial banking. Goh, who first joined the bank in April 2004 as its head of international business, will retire on Sept 30. Tan Yuen Siang, the bank’s head of global financial institutions, will join the global wholesale banking leadership team. Tan currently...
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29
May

E.L.F. Beauty to Acquire Hailey Bieber’s Rhode Skin Care in a $1 Billion Transaction

Hailey Bieber’s skincare and makeup brand, Rhode, launched in 2022, is set to be acquired by e.l.f. Beauty in a deal worth up to $1 billion. The acquisition includes $600 million in cash, $200 million in e.l.f. Beauty stock, and potentially $200 million more based on future growth. Bieber will continue as chief creative officer and head of innovation. Rhode, named after Bieber’s middle name, was created to simplify the skincare market. The brand’s rapid rise can be attributed to Bieber’s celebrity influence and massive social media following. In the...
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29
May

Elaine Heng to succeed Linus Goh as OCBC’s head of global commercial banking 

[SINGAPORE] OCBC announced on Tuesday (May 27) key leadership changes to its global wholesale banking franchise, to take effect on Oct 1. Elaine Heng, now OCBC’s group chief strategy and transformation officer, will succeed Linus Goh, the current head of global commercial banking who retires on Sep 30. Tan Yuen Siang, currently OCBC’s head of global financial institutions, will join the global wholesale banking leadership team. Both Heng and Tan Yuen Siang will report to Tan Teck Long, the head of global wholesale banking. Tan Yuen Siang will retain his...
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