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Italy’s former finance minister named UniCredit chairman

October 13, 2020

Pier Carlo Padoan, Italy’s former finance minister, has been named as the next chairman of UniCredit, the country’s largest financial institution by assets, the company said in a statement.

Mr Padoan, currently a member of parliament for the Democratic party, Italy’s junior coalition partner, has been appointed as a non-executive director to replace Elena Zambon, who resigned last month, and will serve as a board member until Unicredit’s annual general meeting later this year.

The bank said Mr Padoan, 70, was “the best candidate for the position of chairman for the next term 2021-2023” and his candidacy had been vetted by rigorous internal processes. He will succeed Cesare Bisoni, who was named chairman after the sudden death of Fabrizio Saccomanni, another former finance minister, at the end of 2019.

Mr Padoan’s appointment comes at a crucial time for Italy’s fragmented banking sector as regulators and political institutions demand consolidation, which

Sangy Vatsa Named Chief Technology And Digital Officer Of FIS Global

October 5, 2020

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FIS Global has named Sangy Vatsa executive vice president, chief technology and digital officer. FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Annually, FIS facilitates the movement of roughly $9 trillion around the world and processes about 75 billion transactions. FIS serves 90 percent of the top 50 global banks and is the top merchant acquirer in the world by volume, according to the Nilson Report. The company has 55,000 employees worldwide.

Vatsa joins from Comerica Bank, where he was the chief information officer. — FIS Global’s new Chief Technology and Digital Officer Sangy Vatsa

Credit: FIS Global

As global chief technology and digital officer, Vatsa will partner with leaders across the company and throughout the industry to lead technology strategy, innovation and transformation for FIS. He has been assigned the responsibility to lead FIS’ technology transformation program globally in close partnership with internal and external stakeholders. This digital modernization program will be comprised of

Origami Risk Named in Business Insurance’s Annual Best Places to Work in Insurance

September 29, 2020

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CHICAGO–(BUSINESS WIRE)–Sep 29, 2020–

Origami Risk LLC today announced it has been named in the annual Best Places to Work in Insurance program, which recognizes employers for their outstanding performance in establishing workplaces where employees can thrive, enjoy their work and help their companies grow.

In earning this recognition from Business Insurance for the fifth consecutive year, Origami has now received more than two dozen such honors for workplace, innovation and service in recent years. The steady recognition reflects Origami’s strong commitment to hire and retain the insurance industry’s top talent, as well as to provide its colleagues with a collaborative culture and the support they need to deliver the highest level of service to its customers.

“At Origami, our focus on helping our clients succeed calls for recruiting and retaining the best people who are fully engaged and motivated by our distinctly collaborative and supportive culture,” said Nikki Facchini,

Insgroup Named to Business Insurance’s Top 100 Brokers of U.S. Business for Second Year in a Row

September 26, 2020

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The MarketWatch News Department was not involved in the creation of this content.

HOUSTON, Sept. 23, 2020 /PRNewswire via COMTEX/ —
HOUSTON, Sept. 23, 2020 /PRNewswire/ — Insgroup, Inc., the leading closely held insurance brokerage firm in the state of Texas, announced the firm’s inclusion on the 2020 Top 100 Brokers of U.S. Business by Business Insurance. An impressive 26.5 percent revenue growth has resulted in Insgroup improving 12 positions to the 87^th largest firm in the nation. This marks the second consecutive year Insgroup has earned this distinction, debuting at the 99^th ranking in 2019.

Of the growth, Insgroup’s President and CEO, Brian Kapiloff, said, “Over the past several years, the firm has continually focused on revenue growth through the development of Risk and Benefit Advisors, unique specialties and niche focused coverage solutions as well as investments in cutting edge technology to assist our teams with

Wells Fargo’s Kara McShane Named Commercial Real Estate Finance Council’s Inaugural 2020 Woman of the Year

September 26, 2020

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Wells Fargo & Company (NYSE: WFC) is pleased to announce that Kara McShane, head of Commercial Real Estate (CRE), has been named the inaugural 2020 Woman of the Year by Commercial Real Estate Finance Council (CREFC). The award is given to a member of CREFC who is nominated by industry peers, exemplifies strong engagement and leadership in the commercial real estate finance industry, has helped improve the marketplace, and demonstrates high ethical and professional standards.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200923005337/en/

Jon Weiss, CEO of Wells Fargo Corporate and Investment Banking, comments on Kara McShane, Head of Wells Fargo Commercial Real Estate, receiving CREFC’s Woman of the Year honor (Photo: Business Wire)

McShane has more than 25 years of commercial real estate and fixed-income experience. She took the helm of Wells Fargo CRE, which is the #1 commercial real estate lender in the