During Friday’s current trade, HSBC Holdings plc (ADR) (NYSE:HSBC)’s shares raised 0.34%, and is now trading at $44.69, after Kyriba, has accomplished a $21 million round of Series C funding. Kyriba will use these funds for product innovation and to support the corporation’s rapid global expansion. Kyriba enables nearly 1,000 companies worldwide to optimize their cash, manage their risk and better work their capital.
“We are happy to have HSBC on board as a planned investor in Kyriba,” said Jean-Luc Robert, chairman and CEO of Kyriba. “This is a clear validation of our product capabilities and strategy. This investment will enable us to continue to enrich our solution and sustain our strong growth trajectory worldwide.”
“Cloud-based services are transforming the way corporates interact with financial services providers. An innovative and leading provider in its field, Kyriba is a strong addition to our portfolio of planned investments. We look forward to exploring business opportunities with them,” said Christophe Chazot, Group Head of Innovation at HSBC.
Kyriba is the global leader in cloud-based Proactive Treasury Administration. CFOs, treasurers and finance leaders rely on Kyriba to optimize their cash, manage their risk, and work their capital. Our award-winning, secure, and scalable SaaS treasury, bank connectivity, risk administration and supply chain finance solutions enable some of the world’s largest and most respected organizations to drive corporate growth, obtain critical financial insights, minimize fraud, and ensure compliance.
HSBC Holdings plc provides banking and financial products and services. It operates through four businesses Retail Banking and Wealth Administration, Commercial Banking, Global Banking and Markets, and Global Private Banking.
In an mid- morning trade, CSX Corporation (NYSE:CSX)’s shares up 0.50 %, and is now trading at $0.50, after CSX Corporation (CSX), declared the appointment of new leaders of its tax and internal audit functions.
William “Rusty” Russell has been named vice president-tax, and Bryan Rhode will succeed Russell as vice president-internal audit. Russell will report to Fredrik Eliasson, executive vice president and chief financial officer, and Rhode will report to Ellen Fitzsimmons, executive vice president-law and public affairs. The appointments are effective July 1.
“We welcome Rusty back to the tax team, where he began his CSX career,” Eliasson said. “He has offered successful leadership there and in internal audit, where he has assisted the corporation broadly employ leading practices that assist assure the highest standards and compliance.”
Rhode, who will lead the internal audit team, joined CSX after substantial public service counting as the Secretary of Public Safety for the Ordinarywealth of Virginia and as a Captain in the United States Marine Corps. He presently serves as CSX’s regional vice president-state government and community affairs, with responsibility for the Mid-Atlantic region.
“Bryan’s background and leadership capabilities make him ideally suited to lead an exceptional team as it continuously enhances the high level of internal audit and compliance services that are central to CSX’s values and business success,” Fitzsimmons said.
CSX Corporation, together with its auxiliaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers. The corporation transports crushed stone, sand and gravel, metal, phosphate, fertilizer, food, consumer, agricultural, automotive, paper, and chemical products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, in addition to exports coal to deep-water port facilities.
United Rentals, Inc (NYSE:URI), during its Friday’s current trading session gained 0.01%, and is now trading at $94.67, after United Rentals, Inc (URI), will hold its first quarter 2015 conference call with Michael Kneeland, chief executive officer, William Plummer, chief financial officer, and Matt Flannery, chief operating officer, on Wednesday, April 22, 2015, at 11:00 a.m. Eastern Time.
United Rentals, Inc., through its auxiliaries, operates as an equipment rental corporation. It operates in two segments, General Rentals; and Trench Safety, Power and HVAC (heating, ventilating and air conditioning), and Pump Solutions. The corporation offers about 3,300 classes of equipment for rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, government entities, and other customers.
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