Ashok Vemuri is iGate's new President and CEO, succeeding deposed CEO Phaneesh Murthy. iGate, the outsourcing firm from India, had recently appointed Ashok Vemuri as its President and CEO effective on September 16.

Various reports cited sources who said that Former Deutsche Bank AG Chief Executive Officer Josef Ackermann would be stepping down from his post in Siemens AG as deputy chairman of the supervisory board.

As risk is shunned by regular banks, Melody Capital Partners takes on risk to expand its business. After the announcement by UBS AG of its closure of its fixed-income trading business last OCtober, three executives of the bank had opened up shop to trade in areas where bigger banks have since refused to tread.

The acquisition of IT firm Amor Group was recently announced by Lockheed Martin Group for an undisclosed amount.

UK banks would need another GBP50 billion on top of GBP13.7 billion to comply with both Basel III and Basel IV.

Former ESPN President and former Microsoft CEO are amongst the new appointees to the SiriusXM board of directors.

Marcato Capital Management's hedge fund manager Mick McGuire had been thinking about how auction house Sotheby's could benefit shareholders in his company.

World Point Terminals announced today that the underwriters for its recently closed IPO had exercised their underwriting options to purchase additional 1,312,500 common stock.

In what was termed as ongoing succession planning, Agribusiness Cargill's CEO Gregory Page would be stepping down by December 1, 2013.

Marwan Lahoud said that EADS is undertaking restructuring in order to become the leading company in the civil aerospace industry.