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UAE- BR Shetty, other NMC former executives face asset freeze by court


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Finablr relaunch plan gains traction
The Abu Dhabi-headquartered healthcare firm collapsed and went into administration last year after financial irregularities were discovered. Abu Dhabi Commercial Bank has the highest exposure to NMC Health and leads the negotiations and legal cases against the former management team of the company. ADCB has over Dh3.7 billion ($1 billion) exposure to NMC. In addition, a number of other local and foreign lenders have also exposure to the troubled healthcare firm. NMC has undisclosed a debt of $4 billion.
London-based Financial Times reported that a high court ordered asset freeze against the six former senior executives to prevent the risk of dissipation of assets in light of the bank s compensation claim for losses due to financial discrepancies. ....

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Pamplin Media Group - New boss at Greater Portland Inc. working to spur economy


Monique Claiborne of The Kenley Group will lead the economic development organization.
Greater Portland Inc. has named Monique Claiborne as the organization s new president and CEO. Claiborne will oversee the nonprofit public-private partnership, which advances regional economic development through job growth and investment in the seven-county, bistate region.
GPI seeks to attract businesses to the Portland area, including Southwest Washington, by selling them on the region s charm, its cool factor, and its shovel-ready land.
Monique s extensive experience in all areas of economic development from business recruitment and foreign direct investment to government and finance make her exceptionally qualified to lead GPI into a new era, said Michelle Weisenbach, KeyBank president and commercial banking sales leader for Oregon/SW Washington and chair of the CEO search committee for the Greater Portland board of directors. ....

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