
CIMB to Name Malaysia's Former Top Regulator Syed Zaid as Chairman
Syed Zaid will replace Mohd Nasir Ahmad, who will retire, the people said, asking not to be identified before an announcement. The appointment also needs regulatory approval, they said.
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Bloomberg
43 minutes ago
- Bloomberg
Single Best Idea: Bory & Laidler
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with George Bory & Ben Laidler. Watch Tom and Paul LIVE every day on YouTube:
Yahoo
an hour ago
- Yahoo
Here's How the Super Rich Plan To Spend and Invest Their Money
If you're not quite sure how to spend and invest your money, you may want to a cue from the super rich. A Charles Schwab survey of high-net-worth investors — defined as those with at least $1 million in investable assets — shed some light on how this elite group will be utilizing their funds in 2025. Up Next: For You: Here's a look at how the super rich will be approaching their finances — plus, what the average American can learn from them. The Charles Schwab survey found that a majority of high-net-worth investors are bullish on their outlook for the market and their own portfolios (55%), as well as the outlook for the economy (56%). However, experts warn that this optimism may have to be dampened. 'The U.S. economy and stock market [entered] 2025 from a position of strength, but risks of volatility — especially pertaining to policy — are much higher compared to last year,' said Susan Hirshman, director of wealth management at Schwab Wealth Advisory. 'While we believe that market performance and economic growth could remain decent, investors may need to dampen expectations when it comes to another year of record gains.' Find Out: According to the survey, 64% of high-net-worth investors plan to make portfolio changes in the next three months, with 63% planning to hold portfolio risk at current levels in 2025. Hirshman recommends that all investors revisit their portfolio at least once a year. 'We suggest that investors should have a long-term portfolio that is aligned with their goals, risk tolerance and risk capacity,' she said. 'It is important for investors to develop a consistent discipline of rebalancing at least once a year. Due to outperformance in the equity markets, many investors may be overweight in equities or have a concentrated position as compared to their target asset allocation based on their risk tolerance.' Hirshman recommends asking 'what if' questions about future market performance to determine if your portfolio is balanced appropriately: 'What if the market dropped 30% and I was overweight or concentrated? Or, what if the market went up another 30% and I reduced my exposure to more align with my goals?' She also said it's important to have your personal time frame in mind, and ask yourself the following questions: 'Do I have enough time to make up for a large loss? Which would bring me the most discomfort? Which would make me take actions that would not help my long-term success?' 'There are always small adjustments that investors can take around the edges of their portfolio — but the question that needs to always be answered is, based on my time frame, risk tolerance and risk capacity, am I able to have a high probability of meeting my goals and a high sleep-at-night factor?' Hirshman said. The survey found that most high-net-worth investors plan to spend at least as much in 2025 as they did in 2024 (65%), and 27% say they'll spend more. These individuals are most likely to spend more on travel this year than last year (40%), followed by healthcare (26%) and real estate, housing and/or home improvement (23%). High-net-worth investors plan to spend less on luxury goods (31%), education (26%) and automotive (20%). 'No matter your wealth level, having a thoughtful and purposeful spending plan in place is of utmost importance,' Hirshman said. 'It is important to watch inflation. There is some policy risk as this new administration sets their agenda, and if significant enough, investors may have to re-examine their spending plan and optimize it based on the new normal.' More From GOBankingRates 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses This article originally appeared on Here's How the Super Rich Plan To Spend and Invest Their Money


Fast Company
an hour ago
- Fast Company
Confession: I'm a CMO who's friends with my CFO
Business thrives on good tension: speed and stability, risk and control, vision and order. The dynamic between the chief marketing officer (CMO) and the chief financial officer (CFO) embodies this dynamic. Once seen as occupying opposite ends of the corporate spectrum, today's CMO and CFO must now operate as strategic allies, aligning brand vision with financial rigor to drive growth for the company. And while my own relationship with my CFO includes a healthy dose of budget debates and eye rolls over, 'Did marketing really source this deal?,' it's also the secret sauce to how we drive real, sustainable growth. Because when marketing and finance align, magic—and money—happen. A recent study shows that only 22% of CMOs feel their relationship with CFOs is genuinely collaborative. This friction often arises from viewing marketing as a cost center rather than a growth engine, forcing CMOs to constantly justify their budgets. But, here's the thing: My CFO, Ed McGowen, and I have a great partnership. Actually, I would call us friends. Sure, there's some healthy tension (okay, sometimes a lot), but we're united by our main goal: driving profitable growth. Or, more importantly, driving up our stock price, which helps keep us exactly on the same page! Don't get me wrong—I'm deeply passionate about driving customer value and the impact we make for our customers every day. That said, one of the core tenets of my role is fueling growth. From my experience, the key to unlocking revenue growth lies in aligning finance and marketing (Kim & Ed). Deloitte's research backs this up, showing that companies with aligned C-suite leaders on marketing metrics see higher revenue growth. In fact, 79% of leaders in high-growth companies agree on marketing metrics, compared to only 55% in slower-growing firms. In my opinion, here are three 'musts' for a successful CMO-CFO partnership: Shared Goals: Both the CMO and CFO should see the stock price and profitable revenue growth as the main measures of success, their top KPIs. This common goal helps align strategies and decisions. Speak The Same Language: Effective communication is key. Both marketing and finance should speak the same language—return on investment (ROI), return on marketing investment (ROMI), revenue growth, market share growth, customer lifetime value—whatever your buzzwords are, they should align. They also need to speak the same language when it comes to the company narrative to manage how the market, investors, customers, and analysts view the company, as perception impacts reality. Be Open And Accountable: Build a relationship based on honest communication, mutual accountability, and trust. This foundation is crucial for navigating challenges and seizing opportunities. Ed and I can say anything to each other. Why? Because our relationship is based on trust. But … I still don't have enough budget … are you reading this, Ed????? WSJ research also supports this approach, showing that well-aligned executives measure marketing's impact more effectively. By turning negative tension into healthy tension and teamwork, CMOs and CFOs can drive their companies toward greater success.