Fs Kkr Capital director sells $900,034 in stockNirupam Sinha to Join Company on January 6, 2025 CHICAGO , Dec. 9, 2024 /PRNewswire/ -- Heidrick & Struggles International, Inc. (Nasdaq: HSII ) ("Heidrick & Struggles", "Heidrick" or the "Company"), a premier provider of global leadership advisory and on-demand talent solutions, today announced the appointment of Nirupam Sinha as Chief Financial Officer ("CFO"), effective January 6, 2025 . Sinha currently serves as Chief Financial Officer of Checkout.com LLC, a global payment platform. He was previously Global Head of Product at T. Rowe Price Group, Inc., and also led the Wealth & Asset Management and Corporate Business Functions Practices at McKinsey & Company. " Nirupam Sinha is a proven financial leader with a passion for strategy, transformation, and people leadership across professional services, financial services, and technology. Throughout his career, Nirupam has helped lead transformative financial management and value creation, all while advancing organizational growth, making him the ideal leader to create value for clients, colleagues and shareholders," said Heidrick & Struggles' Chief Executive Officer Tom Monahan . "Nirupam has the strategic insight, leadership skills and deep experience to support Heidrick & Struggles as the world's most trusted partner in leadership and critical talent decisions, focused on building differentiated, deep and durable relationships with the world's most leadership-obsessed companies." "We are in a pivotal time when people and leadership can make or break a business, making the work at Heidrick & Struggles ever more important," said Nirupam Sinha . "Heidrick & Struggles has long served at the heart of talent strategy and continues to innovate and expand its offerings in an increasingly transformative market. I believe we have an exciting road ahead as a firm and I'm honored to be a part of it. As Heidrick & Struggles continues to grow, I look forward to helping the Company continue to scale and deliver strong performance for our clients and shareholders around the world." Nirupam Sinha Biography Nirupam Sinha is a tested leader with extensive experience across professional services, financial services, and technology. He currently serves as Chief Financial Officer of Checkout.com, a global payments company, where he oversees a team of more than 200 across Accounting, Treasury, Tax, FP&A, Investor Relations, and Strategy as well as other groups. Nirupam also served as the Global Head of Product at asset management firm T. Rowe Price , where his tenure also included senior Finance and Strategy roles. With nearly 20 years of experience, Nirupam has a proven track record of transforming finance functions, scaling organizational growth, and engaging across stakeholder groups. He began his career at McKinsey & Company in the Financial Services Practice and also worked at Serent Capital as a private equity investor. Nirupam holds a B.A. in Political Science from Yale University and an MBA from the Wharton School at the University of Pennsylvania . Sinha is based in New York . About Heidrick & Struggles Heidrick & Struggles (Nasdaq: HSII ) is a premier provider of global leadership advisory services and on-demand talent solutions, serving the senior talent and consulting needs of the world's top organizations. Heidrick & Struggles pioneered the profession of executive search more than 70 years ago. Today, we partner with clients to develop future-ready leaders and organizations, combining our expertise in executive search, leadership consulting, and on-demand talent solutions to maximize client profitability and performance. Helping our clients change the world, one leadership team at a time.® www.heidrick.com Media Contact Bianca Wilson Global Director, Public Relations Heidrick & Struggles [email protected] SOURCE Heidrick & StrugglesTricorBraun to Acquire Veritiv's Rigid Containers Business, Further Expanding Its North American FootprintShares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia's $6.9 billion acquisition of network and data transmission company Mellanox in 2019. Nvidia shares about 3% Monday. They are still up 179% so far this year. Considered a bellwether for artificial intelligence demand, Nvidia has led the AI sector to become one of the stock market’s biggest companies , as tech giants spend heavily on the company’s chips and data centers needed to train and operate their AI systems. Nvidia's shares have surged this year along with the California company's revenue and profit due to AI demand. According to data firm FactSet, about 16% of Nvidia's revenue comes from China, second only to its U.S.-generated revenue. A spokesperson for the company based in Santa Clara, California, said in an emailed statement that Nvidia is “happy to answer any questions regulators may have about our business.” In its most recent earnings release, Nvidia posted revenue of $35.08 billion, up 94% from $18.12 billion a year ago. Nvidia earned $19.31 billion in the quarter, more than double the $9.24 billion it posted in last year’s third quarter. The earnings release did not break out revenue from China. The company's market value rocketed to $3.5 trillion recently, passing Microsoft and briefly overtaking Apple as the world's most valuable company. China’s antitrust investigation follows a report this summer by technology news site The Information that the U.S. Justice Department was investigating complaints from rivals that Nvidia was abusing its market dominance in the chip sector. The allegations reported include Nvidia threatening to punish those who buy products from both itself and its competitors at the same time. David Bieri, an international finance expert at Virginia Tech, said that China’s investigation is “not about what Nvidia is doing in China, per se” but rather a signal to the incoming Trump administration. China, Bieri said, is looking to set the tone of future relations. The Chinese government, he said, is telling the U.S. “don’t mess with us, because all of your darling corporations that your version of capitalism needs to prosper have entanglements” with China. Nvidia will have to revise its strategy in China or come up with provisions in their budgets for the type of uncertainty business with China will bring, Bieri said. “I don’t think this is something that they can shake off,” he said. “I also have a tremendous amount of faith in the brilliance of the management strategy of a corporation like Nvidia to not only pay attention to credit risk, market risk and operational risk, but also to political risk.” Nvidia’s invention of graphics processor chips, or GPUs, in 1999 helped spark the growth of the PC gaming market and redefined computer graphics. Last month, it replaced Intel on the Dow Jones Industrial Average, ending the pioneering semiconductor company's 25-year run on the index. Unlike Intel, Nvidia designs but doesn’t manufacture its own chips, relying heavily on Taiwan Semiconductor Manufacturing Co., an Intel rival. Associated Press Technology Writer Sarah Parvini in Los Angeles contributed to this report.
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As the world shifts towards a digital-first economy, the financial sector is undergoing a transformation powered by technology. Leading this charge is Sam Orji, an ambitious technology entrepreneur who is leveraging his unique expertise in law, finance, and artificial intelligence (AI) to pave the way for a more inclusive financial landscape. With a Master’s of Laws (LLM) in Corporate Finance Law from the University of Westminster and a Bachelor of Laws (LLB) from Niger Delta University, Orji’s academic foundation is as robust as his vision. Coupled with his achievement of passing Level 1 of the Chartered Financial Analyst (CFA) Program, he embodies the perfect blend of legal, financial, and technical acumen required to address the challenges of modern banking. In an exclusive interview, Orji shares his insights on the future of digital banking, emphasising the pivotal role of AI and compliance strategies in fostering financial inclusion. “AI has the potential to revolutionize how we think about banking,” Orji begins. “From detecting fraud in real time to optimizing credit assessments, the possibilities are endless. But what excites me most is how AI can make banking more accessible to underserved communities.” Orji explains that traditional banking systems often exclude individuals and small businesses in marginalized areas due to perceived risks and inefficiencies. By leveraging AI, financial institutions can overcome these barriers, offering tailored services that meet the needs of these populations. “AI enables us to analyze data patterns and behaviors in ways that humans cannot. This means banks can extend credit, identify trustworthy borrowers, and even offer financial literacy tools—all with greater precision and confidence,” he says. While AI is often associated with innovation, Orji is quick to highlight its critical role in regulatory compliance. “Compliance has traditionally been seen as a bottleneck in financial services,” he notes. “But with AI, it becomes a catalyst for growth and inclusion.” Orji’s solutions focus on making compliance smarter and more adaptive. For instance, his AI- powered systems streamline anti-money laundering (AML) checks and fraud detection processes, reducing costs and enabling institutions to focus on expanding services to underserved regions. “When compliance is efficient, everyone benefits. Banks save on operational costs, and customers gain easier access to essential services,” Orji explains. Looking to the future, Orji envisions a financial ecosystem where technology bridges gaps and fosters equity. “The future of banking is inclusive, data-driven, and customer-centric,” he asserts. “We’re heading towards a time when banking isn’t just a privilege—it’s a right.” He believes the next decade will see widespread adoption of AI across the financial sector, not only in the U.S. but globally. His goal is to ensure that this technology is deployed responsibly, prioritizing transparency, fairness, and accessibility. “AI is a tool—it’s up to us to use it wisely. My focus is on creating solutions that empower people while maintaining the highest ethical standards,” Orji adds. For Sam Orji, innovation is not just about solving problems but also about inspiring others to take action. “We all have a role to play in shaping the future of finance,” he says. “Whether you’re an entrepreneur, policymaker, or consumer, your voice matters. Let’s work together to create systems that serve everyone.” As the digital banking revolution continues to unfold, Orji’s work serves as a beacon of hope and possibility. By combining cutting-edge technology with a commitment to social impact, he is proving that innovation can be both inclusive and transformative. For financial institutions, policymakers, and communities alike, Sam Orji’s insights offer a roadmap for navigating the complexities of the digital age. His vision reminds us that the future of banking isn’t just about advancing technology—it’s about creating opportunities for all.Phreesia Announces Third Quarter Fiscal 2025 Results
Assistive Technology for Visually Impaired Market Set for Exceptional Growth from 2024 to 2032By Vanessa G. Sánchez, KFF Health News (TNS) LOS ANGELES — President-elect Donald Trump’s promise of mass deportations and tougher immigration restrictions is deepening mistrust of the health care system among California’s immigrants and clouding the future for providers serving the state’s most impoverished residents. At the same time, immigrants living illegally in Southern California told KFF Health News they thought the economy would improve and their incomes might increase under Trump, and for some that outweighed concerns about health care. Community health workers say fear of deportation is already affecting participation in Medi-Cal, the state’s Medicaid program for low-income residents, which was expanded in phases to all immigrants regardless of residency status over the past several years. That could undercut the state’s progress in reducing the uninsured rate, which reached a record low of 6.4% last year. Immigrants lacking legal residency have long worried that participation in government programs could make them targets, and Trump’s election has compounded those concerns, community advocates say. The incoming Trump administration is also expected to target Medicaid with funding cuts and enrollment restrictions , which activists worry could threaten the Medi-Cal expansion and kneecap efforts to extend health insurance subsidies under Covered California to all immigrants. “The fear alone has so many consequences to the health of our communities,” said Mar Velez , director of policy with the Latino Coalition for a Healthy California. “This is, as they say, not their first rodeo. They understand how the system works. I think this machine is going to be, unfortunately, a lot more harmful to our communities.” Alongside such worries, though, is a strain of optimism that Trump might be a boon to the economy, according to interviews with immigrants in Los Angeles whom health care workers were soliciting to sign up for Medi-Cal. Since Election Day, community health worker Yanet Martinez said, people are more reluctant to hear her pitch for subsidized health insurance or cancer prevention screenings. “They think I’m going to share their information to deport them,” Martinez said. (Vanessa G. Sánchez/KFF Health News/TNS) Clinics and community health workers encourage immigrants to enroll for health coverage through Medi-Cal and Covered California. But workers have noticed that fear of deportation has chilled participation. (Vanessa G. Sánchez/KFF Health News/TNS) Community health workers like Yanet Martinez encourage people to enroll for health benefits. But many California immigrants fear that using subsidized services could hurt their chances of obtaining legal residency. (Vanessa G. Sánchez/KFF Health News/TNS) Since Election Day, community health worker Yanet Martinez said, people are more reluctant to hear her pitch for subsidized health insurance or cancer prevention screenings. “They think I’m going to share their information to deport them,” Martinez said. (Vanessa G. Sánchez/KFF Health News/TNS) Selvin, 39, who, like others interviewed for this article, asked to be identified by only his first name because he’s living here without legal permission, said that even though he believes Trump dislikes people like him, he thinks the new administration could help boost his hours at the food processing facility where he works packing noodles. “I do see how he could improve the economy. From that perspective, I think it’s good that he won.” He became eligible for Medi-Cal this year but decided not to enroll, worrying it could jeopardize his chances of changing his immigration status. “I’ve thought about it,” Selvin said, but “I feel like it could end up hurting me. I won’t deny that, obviously, I’d like to benefit — get my teeth fixed, a physical checkup.” But fear holds him back, he said, and he hasn’t seen a doctor in nine years. It’s not Trump’s mass deportation plan in particular that’s scaring him off, though. “If I’m not committing any crimes or getting a DUI, I think I won’t get deported,” Selvin said. Petrona, 55, came from El Salvador seeking asylum and enrolled in Medi-Cal last year. She said that if her health insurance benefits were cut, she wouldn’t be able to afford her visits to the dentist. A street food vendor, she hears often about Trump’s deportation plan, but she said it will be the criminals the new president pushes out. “I’ve heard people say he’s going to get rid of everyone who’s stealing.” Although she’s afraid she could be deported, she’s also hopeful about Trump. “He says he’s going to give a lot of work to Hispanics because Latinos are the ones who work the hardest,” she said. “That’s good, more work for us, the ones who came here to work.” Newly elected Republican Assembly member Jeff Gonzalez, who flipped a seat long held by Democrats in the Latino-heavy desert region in the southeastern part of the state, said his constituents were anxious to see a new economic direction. “They’re just really kind of fed up with the status quo in California,” Gonzalez said. “People on the ground are saying, ‘I’m hopeful,’ because now we have a different perspective. We have a businessperson who is looking at the very things that we are looking at, which is the price of eggs, the price of gas, the safety.” Gonzalez said he’s not going to comment about potential Medicaid cuts, because Trump has not made any official announcement. Unlike most in his party, Gonzalez said he supports the extension of health care services to all residents regardless of immigration status . Health care providers said they are facing a twin challenge of hesitancy among those they are supposed to serve and the threat of major cuts to Medicaid, the federal program that provides over 60% of the funding for Medi-Cal. Health providers and policy researchers say a loss in federal contributions could lead the state to roll back or downsize some programs, including the expansion to cover those without legal authorization. California and Oregon are the only states that offer comprehensive health insurance to all income-eligible immigrants regardless of status. About 1.5 million people without authorization have enrolled in California, at a cost of over $6 billion a year to state taxpayers. “Everyone wants to put these types of services on the chopping block, which is really unfair,” said state Sen. Lena Gonzalez, a Democrat and chair of the California Latino Legislative Caucus. “We will do everything we can to ensure that we prioritize this.” Sen. Gonzalez said it will be challenging to expand programs such as Covered California, the state’s health insurance marketplace, for which immigrants lacking permanent legal status are not eligible. A big concern for immigrants and their advocates is that Trump could reinstate changes to the public charge policy, which can deny green cards or visas based on the use of government benefits. “President Trump’s mass deportation plan will end the financial drain posed by illegal immigrants on our healthcare system, and ensure that our country can care for American citizens who rely on Medicaid, Medicare, and Social Security,” Trump spokesperson Karoline Leavitt said in a statement to KFF Health News. During his first term, in 2019, Trump broadened the policy to include the use of Medicaid, as well as housing and nutrition subsidies. The Biden administration rescinded the change in 2021. KFF, a health information nonprofit that includes KFF Health News, found immigrants use less health care than people born in the United States. And about 1 in 4 likely undocumented immigrant adults said they have avoided applying for assistance with health care, food, and housing because of immigration-related fears, according to a 2023 survey . Another uncertainty is the fate of the Affordable Care Act, which was opened in November to immigrants who were brought to the U.S. as children and are protected by the Deferred Action Childhood Arrivals program. If DACA eligibility for the act’s plans, or even the act itself, were to be reversed under Trump, that would leave roughly 40,000 California DACA recipients, and about 100,000 nationwide , without access to subsidized health insurance. On Dec. 9, a federal court in North Dakota issued an order blocking DACA recipients from accessing Affordable Care Act health plans in 19 states that had challenged the Biden administration’s rule. Clinics and community health workers are encouraging people to continue enrolling in health benefits. But amid the push to spread the message, the chilling effects are already apparent up and down the state. “¿Ya tiene Medi-Cal?” community health worker Yanet Martinez said, asking residents whether they had Medi-Cal as she walked down Pico Boulevard recently in a Los Angeles neighborhood with many Salvadorans. “¡Nosotros podemos ayudarle a solicitar Medi-Cal! ¡Todo gratuito!” she shouted, offering help to sign up, free of charge. “Gracias, pero no,” said one young woman, responding with a no thanks. She shrugged her shoulders and averted her eyes under a cap that covered her from the late-morning sun. Since Election Day, Martinez said, people have been more reluctant to hear her pitch for subsidized health insurance or cancer prevention screenings. “They think I’m going to share their information to deport them,” she said. “They don’t want anything to do with it.” This article was produced by KFF Health News , which publishes California Healthline , an editorially independent service of the California Health Care Foundation . ©2024 KFF Health News. Distributed by Tribune Content Agency, LLC.
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Motorists have been warned by authorities about the worrying trend of fitting 'invisible' licence plates to dodge detection by speed and bus lane cameras. Rogue drivers have been making a simple change to their number plates so they can't be picked up by speed cameras. The so-called "ghost plates" - also known as 3D or 4D - also can't be detected by bus lane cameras. The illegal plates are now being investigated by police with new technology to try to catch the lawbreakers. Professor Fraser Sampson, former Biometrics and Surveillance Camera Commissioner, expressed his frustrations over the government's inaction in fighting plate fraud in a resignation letter addressed to former Transport Secretary Mark Harper. Now, local councils are stepping up their efforts by deploying advanced cameras that can detect these problematic plates. Wolverhampton City Council is at the forefront, having introduced high-tech cameras specially designed to capture offenders before handing them a £100 penalty. Councillor Craig Collingswood, cabinet member for environment and climate change, told BirminghamLive : "Wolverhampton is leading the way as the first council investing in this state-of-the-art technology to deter and detect offenders." Professor Sampson exposed the tactics employed by drivers to try and evade fines. In a letter he explained how people are cloning number plates, applying reflective tape and buying "stealthy" plates to dodge speeding tickets and low-emission zone fees. Despite a 97 percent accuracy rate, the technology being used still manages to misread an astonishing 2.4 million plates each day. This has raised concerns that some innocent drivers may be getting fined. Current figures show that on an average day, around 15,400 traffic cameras vigilantly scan UK roads, producing between 75 and 80 million reads – at times surpassing 80 million. Prof Sampson added: "Bus lanes are essential for the public transport network to operate efficiently and speed cameras help to keep the public safe from speeding vehicles and reduce the likelihood of a crash. All motorists can expect to pay a fine if found to be using these illegal methods to avoid cameras and taxi drivers licensed by Wolverhampton may have their licence suspended or revoked." He previously has raised concerns about the vulnerability of Automatic Number Plate Recognition (ANPR) systems, despite technological advancements and their critical role in operational activities. He continued: "For all its technological advancement and operational indispensability, the ANPR system still relies ultimately on a piece of plastic affixed to either end of a vehicle. Served by a wholly unregulated market, what my predecessor termed the humble number plate represents a single and readily assailable point of failure with the ANPR network being easily defeated by the manufacture and sale of stealth plates, cloned registration marks and other rudimentary obscurant tactics." He also emphasised the ease of undermining such systems: "The result is that the ability to frustrate the ANPR system remains staggeringly simple at a time when proper reliance on it for key public services such as policing, law enforcement and traffic management is increasing daily. Emission zones and other strategic traffic enforcement schemes put motorists in situations where they have to make significant financial choices and it is at least arguable that the incentives for some to 'game' the ANPR systems have never been greater." Prof Sampson said that by by applying reflective tape to distort part of a registration plate or purchasing stealth plates from online vendors, motorists can confuse and confound current number plate recognition technology and both of these are easily obtainable. Get daily headlines and breaking news emailed to you - it’s FREE
AP Trending SummaryBrief at 6:06 p.m. ESTJoanne Harris, author of the bestselling novel Chocolat , has begun adding content warnings to her books after comparing them to “wheelchair ramps”. Readers are now told that Harris’s 1999 hit novel contains “spousal abuse, mild violence, death of parent, cancer, hostility and outdated terms for travelling community and religious intolerance”. The 60-year-old announced the plans in April after a social media poll which asked her followers if they agreed that trigger warnings should be included at the start of books. • Matt Smith: ‘I’m not sure about trigger warnings. Isn’t being shocked the point?’ “It makes a lot of sense,” she said at the time. “Trigger warnings are like wheelchair ramps. They exist because some people need them. “The fact that some people don’t
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Ting (centre), together with school officials and participating exhibitors, perform a launching gimmick to mark the opening of the Star Carnival. MIRI (Dec 20): The country’s education system must evolve to prepare students with the skills to innovate and lead, said Deputy Minister of Tourism, Creative Industry and Performing Arts Datuk Sebastian Ting. This, he said, is to keep pace with advancements in technology, as well as the shifts in cultural dynamics and global economic trends. “Our learners must be equipped not just to adapt to change, but to drive it. They need to be the innovators and leaders who will shape the future,” said the Piasau assemblyman when officiating the ‘Star Carnival’ at SK Jalan Bintang here yesterday. The programme, which he deemed as a transformative chapter in education, could bridge the gap between traditional learning and the dynamic demand of the fast-evolving world. Such an initiative beyond conventional classroom methods would provide children with hands-on, interactive and immersive experiences that foster critical thinking and creativity, he added.. Star Carnival is an activity aimed at enhancing students’ interest in the fields of language, science, technology, engineering, arts and mathematics. Through this programme, the young learners are exposed to skills in scientific presentations (school lab) and public speaking, where they will showcase the outcomes of their practical work or projects, along with creative media or e-poster presentations that they have produced. Government and private agencies namely Public Works Department, Miri Astronomy Centre, Malaysian Armed Forces, Fire and Rescue Department, Radio Televisyen Malaysia, Persatuan Kedayan Miri, MegArt, and Kiddo Science Miri, among others, also set up their booths in support of the event. Present was school’s headmaster Mohamad Yusuf Abu Bakar.Carleton University faces backlash for employing professor convicted in 1980 Paris synagogue bombingBEMIDJI — The Bemidji Area Full Gospel Businessmen’s Fellowship of America chapter is set to meet at 8 a.m. on Saturday, Dec. 7, in the Beltrami Electric Conference Room, 4111 Technology Drive NW. A light breakfast will be served and all are welcome to attend. The keynote speaker will be Ryan O'Leary. His testimony will focus on his ministry work with Indigenous groups in North America. O'Leary is a member of the Bois Forte Band of Ojibwe in northern Minnesota. He grew up playing hockey and eventually played at the University of Denver and was drafted to play professionally by the Calgary Flames in the fourth round back in his draft year, a release said. Along with his hockey background, O'Leary has an extensive ministry background and has served as a lead pastor for two congregations for a total of 13 years. He currently works for a global missions organization and leads two ministries based out of Bemidji. O'Leary leads a ministry called the First Peoples Initiative, which involves developing a ministry to all of the First Peoples groups in North America. According to the release, there are around 9.5 million tribal members in the U.S. and about another 2 million First Nations people in Canada. He also serves as president of the National Association of Native Evangelicals and serves on the National Association of Evangelicals board of directors based in Washington D.C. O'Leary and his family reside in Bemidji. He has been married to his wife Kristen for over 21 years and has four children.