Raiz Invest (ASX:RZI) said Chief Executive Officer and Managing Director Brendan Malone will step down from his role and go on a gardening leave until May 29, 2027, according to a Monday filing with the Australian bourse.
The company said Craig Keary will become CEO, effective immediately, and will work with Malone during a one-month transition period. Keary was most recently the CEO of Keyview Financial Group.
Raiz Invest shares fell 1% in recent Monday trade.
(Updates to add stock movement in the headline and last paragraph)Lendlease Group (ASX:LLC) agreed to sell its development rights to the Milano Santa Giulia mixed-use development in Italy to an investment group sponsored by local developer Bizzi & Partners for about AU$250 million, according to a Monday filing with the Australian bourse.The transaction also includes the acquisition of the company's units in the Heartbeat Fund for AU$90 million in cash and assuming project debt of AU$160 million, the filing said.The sale is anticipated to result in a post-tax operating loss of roughly AU$175 million, to be recognized within the capital release unit in fiscal year 2026, per the filing.The company's shares fell around 3% in recent Monday trade, earlier hitting a record low.
HSBC (HKG:0005) is stepping up efforts to rebuild its investment banking business in Hong Kong, with senior executives taking a more active role in client outreach amid intensifying competition in the city's capital markets, Bloomberg News reported Monday, citing people familiar with the matter.Over recent months, Chief Executive Georges Elhedery and other senior executives have been actively courting clients in Hong Kong, the report said.The bank has also intensified outreach efforts across Greater China, with Elhedery sending customized video messages to important clients and encouraging executives to engage hundreds of major investors and corporate customers, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Daehan Shipbuilding (KRX:439260) secured an order for two crude oil carriers of 157,000 DWT from a shipowner in the Oceania region, according to a Monday filing with the Korean Exchange.The contract, valued at 282.8 billion won, is valid until Dec. 31, 2028.Shares of Daehan Shipbuilding rose 2% in recent trade.