logo
Loyalty Industry Leader David Andreadakis Joins Loyalty Juggernaut as Chief Commercial Officer

Loyalty Industry Leader David Andreadakis Joins Loyalty Juggernaut as Chief Commercial Officer

Globe and Mail21-05-2025
PALO ALTO, Calif. , May 21, 2025 /CNW/ -- Loyalty Juggernaut, Inc. (LJI) announces the appointment of loyalty industry veteran David Andreadakis as its chief commercial officer. Andreadakis will lead commercial strategy and services expansion, accelerating growth across North America and global markets.
Andreadakis brings more than 20 years of experience at the forefront of loyalty strategy, analytics and customer engagement. He has built and scaled award-winning programs at companies like Aimia and Kobie Marketing and is a well-known speaker and advocate for the industry.
"Loyalty is at an inflection point," Andreadakis said. "Brands are demanding more agility, more data-driven intelligence and stronger ROI from their loyalty investments. Loyalty Juggernaut's GRAVTY ® platform is the most advanced system I've seen to meet those expectations. "
Andreadakis' appointment marks a pivotal moment for Loyalty Juggernaut as it deepens its commitment to delivering the best value to its customers and intends to expand its footprint in the travel, retail and hospitality sectors.
"David's addition to our executive leadership team is a game-changer," said Shyam Shah , CEO of Loyalty Juggernaut. "His strategic vision and real-world execution expertise will directly benefit our clients by helping them unlock the full potential of loyalty — not just as a program, but as a powerful engine for growth, engagement and customer value in a rapidly evolving landscape."
About Loyalty Juggernaut
Loyalty Juggernaut (LJI) is a leading B2B SaaS provider of next-generation loyalty and customer engagement solutions. LJI's flagship GRAVTY ® platform powers some of the world's most innovative loyalty ecosystems, enabling enterprises to elevate loyalty into a measurable, strategic growth engine. Headquartered in Palo Alto, Calif. , LJI serves leading brands across industries, including airlines, retail, hospitality and financial services.
SOURCE Loyalty Juggernaut, Inc.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Raymond James Financial Reports Fiscal Third Quarter of 2025 Results
Raymond James Financial Reports Fiscal Third Quarter of 2025 Results

Globe and Mail

time21 minutes ago

  • Globe and Mail

Raymond James Financial Reports Fiscal Third Quarter of 2025 Results

ST. PETERSBURG, Fla., July 23, 2025 (GLOBE NEWSWIRE) -- Record net revenues of $10.34 billion and record pre-tax income of $1.98 billion for the first nine months of fiscal 2025, up 10% and 5%, respectively, over the first nine months of fiscal 2024 Record client assets under administration of $1.64 trillion and record Private Client Group assets in fee-based accounts of $943.9 billion, up 11% and 15%, respectively, over June 2024 Quarterly net revenues of $3.40 billion, up 5% over the prior year's fiscal third quarter and flat compared to the preceding quarter Annualized return on common equity of 17.1% and annualized adjusted return on tangible common equity of 20.5%(1) for the first nine months of fiscal 2025 Raymond James Financial, Inc. (NYSE: RJF) today reported net revenues of $3.40 billion and net income available to common shareholders of $435 million, or $2.12 per diluted share, for the fiscal third quarter ended June 30, 2025. Excluding $19 million of expenses related to acquisitions, quarterly adjusted net income available to common shareholders was $449 million(1), or $2.18 per diluted share(1). The results for the period included a $58 million reserve increase associated with the settlement of a legal matter related to bond underwritings for a specific issuer, sold to institutional investors between 2013 to 2015. Although the firm maintains it had strong defenses and denied any liability, given the complexity of the case and the unpredictability of litigation outcomes, it determined to resolve the long-running dispute without admission of wrongdoing. 'This quarter we celebrate the firm's 150 th consecutive quarter of profitability, highlighting the strength of our diverse and complementary businesses and our ongoing commitment to always putting clients first,' said CEO Paul Shoukry. 'We are encouraged by the significant growth in our financial advisor recruiting pipeline, as more advisors continue to recognize our unique culture, comprehensive capabilities, strong balance sheet, and our steadfast commitment to maintaining independence. Our investment banking pipeline remains strong, and we are growing increasingly optimistic about macroeconomic conditions although the environment remains uncertain. Looking ahead, we enter the fiscal fourth quarter well positioned, supported by record client assets and significant capital to drive further business growth.' Quarterly net revenues increased 5% over the prior year's fiscal third quarter and approximated the preceding quarter level, with continued growth in asset management and related administrative fees which increased to $1.73 billion. Primarily the result of the impact of the aforementioned legal reserve, net income available to common shareholders decreased. For the fiscal third quarter, annualized return on common equity and annualized adjusted return on tangible common equity were 14.3% and 17.2%(1), respectively. For the first nine months of the fiscal year, record net revenues of $10.34 billion increased 10%, record earnings per diluted share of $7.35 increased 7%, and record adjusted earnings per diluted share of $7.55(1) increased 6% over the first nine months of fiscal 2024. The Private Client Group segment net revenues and the Asset Management segment net revenues and pre-tax income were record results during the first nine months of fiscal 2025. Annualized return on common equity was 17.1% and annualized adjusted return on tangible common equity was 20.5%(1). Segment Results Private Client Group Quarterly net revenues of $2.49 billion, up 3% over the prior year's fiscal third quarter and slightly higher compared to the preceding quarter Quarterly pre-tax income of $411 million, down 7% compared to the prior year's fiscal third quarter and 5% compared to the preceding quarter Record Private Client Group assets under administration of $1.57 trillion, up 11% over June 2024 and 7% over March 2025 Record Private Client Group assets in fee-based accounts of $943.9 billion, up 15% over June 2024 and 8% over March 2025 Domestic Private Client Group net new assets(2) of $11.7 billion for the fiscal third quarter, or annualized growth from beginning of period assets of 3.4%; Fiscal year-to-date, domestic Private Client Group net new assets of $34.5 billion or 3.3% annualized Total clients' domestic cash sweep and ESP balances of $55.2 billion, down 2% compared to the prior year's fiscal third quarter and 4% compared to the preceding quarter Quarterly net revenues rose 3% year-over-year mainly driven by higher asset management and related administrative fees which were partially offset by the impacts of lower short-term interest rates. During the same period, PCG assets in fee-based accounts grew by 15%, primarily due to market appreciation and net asset inflows. This contributed to a 7% rise in asset management and related administrative fees, reaching $1.46 billion. Pre-tax income declined year-over-year primarily due to the impact of lower interest rates. Capital Markets Quarterly net revenues of $381 million, up 15% over the prior year's fiscal third quarter and down 4% compared to the preceding quarter Quarterly investment banking revenues of $203 million, up 17% over the prior year's fiscal third quarter and down 2% compared to the preceding quarter Quarterly pre-tax loss of $54 million reflects the impact of the aforementioned $58 million legal reserve in the quarter Quarterly net revenues increased 15% over the prior year period, driven mainly by higher investment banking, fixed income brokerage and equity brokerage revenues. Sequentially, quarterly net revenues decreased 4% largely due to lower M&A revenues and fixed income brokerage revenues partially offset by higher underwriting and affordable housing investments business revenues. The quarterly pre-tax loss was largely due to the impact of the aforementioned legal reserve. The investment banking pipeline remains strong and while we are increasingly optimistic regarding macroeconomic conditions, the current environment remains uncertain. Asset Management Quarterly net revenues of $291 million, up 10% over the prior year's fiscal third quarter and 1% over the preceding quarter Record quarterly pre-tax income of $125 million, up 12% over the prior year's fiscal third quarter and 3% over the preceding quarter Record financial assets under management of $263.2 billion, up 15% over June 2024 and 7% over March 2025 The increase in quarterly net revenues and pre-tax income over both the prior-year and sequential quarter is largely attributable to higher financial assets under management due to market appreciation and net inflows into fee-based accounts in the Private Client Group. Bank Quarterly net revenues of $458 million, up 10% over the prior year's fiscal third quarter and 6% over the preceding quarter Quarterly pre-tax income of $123 million, up 7% over the prior year's fiscal third quarter and 5% over the preceding quarter Record net loans of $49.8 billion, up 10% over June 2024 and 3% over March 2025 Bank segment net interest margin ('NIM') of 2.74% for the quarter, up 10 basis points over the prior year's fiscal third quarter and 7 basis points over the preceding quarter Net loans increased by 3% over the preceding quarter, primarily due to ongoing growth in securities-based lending, which rose by 5% in the quarter. Bank segment NIM improved by 7 basis points to 2.74%, attributable mainly to a favorable shift in asset mix and a higher proportion of lower cost deposits. These factors contributed to a 6% sequential increase in quarterly net revenues. The credit quality of the loan portfolio remains strong. Other The effective tax rate for the quarter was 22.6%, reflecting the favorable impact of nontaxable corporate-owned life insurance gains in the quarter. During the fiscal third quarter, the firm repurchased common stock of $451 million at an average price of $137 per share. As of June 30, 2025, $749 million remained available under the Board's approved common stock repurchase authorization. At the end of the quarter, the total capital ratio was 24.3%(3) and the tier 1 leverage ratio was 13.1%(3), both well above regulatory requirements. A conference call to discuss the results will take place today, Wednesday, July 23, at 5:00 p.m. ET. The live audio webcast, and the presentation which management will review on the call, will be available at An audio replay of the call will be available at the same location until October 22, 2025. For a listen-only connection to the conference call, please dial: 888-596-4144 (conference code: 3778589). About Raymond James Financial, Inc. Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Total client assets are $1.64 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at Forward-Looking Statements Certain statements made in this press release may constitute 'forward-looking statements' under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions (including changes in interest rates and inflation), demand for and pricing of our products (including cash sweep and deposit offerings), anticipated timing and benefits of our acquisitions, and our level of success integrating acquired businesses, anticipated results of litigation, regulatory developments, and general economic conditions. In addition, future or conditional verbs such as 'will,' 'may,' 'could,' 'should,' and 'would,' as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission (the 'SEC') from time to time, including our most recent Annual Report on Form 10-K, and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available at and the SEC's website at We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether as a result of new information, future events, or otherwise.

Gerald Johnson elected to Eaton's Board of Directors
Gerald Johnson elected to Eaton's Board of Directors

Globe and Mail

time21 minutes ago

  • Globe and Mail

Gerald Johnson elected to Eaton's Board of Directors

Intelligent power management company Eaton (NYSE:ETN) today announced that Gerald Johnson has been elected to the company's Board of Directors effective July 23, 2025. This press release features multimedia. View the full release here: Johnson is the retired executive vice president, Global Manufacturing and Sustainability, of General Motors, where he led the company's global manufacturing operations, labor relations and sustainable workplace practices. Over the course of his career, spanning more than 40 years at GM, he oversaw safety, quality and productivity, and held several roles of increasing responsibility, including vice president, Manufacturing and Labor Relations, North America, and vice president, Global Operational Excellence. He currently serves on the board of Caterpillar Inc. 'With his extensive experience in global manufacturing, engineering and operations, Gerald is a valuable addition to our Board,' said Paulo Ruiz, Eaton chief executive officer. 'As we continue our strategy to execute for growth at Eaton, I'm confident that Gerald's breadth of experience and proven performance in operations excellence, along with his strong customer focus, will serve our company well.' Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we're helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and generations to come. Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit Follow us on LinkedIn.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store