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MILWAUKEE , Dec. 19, 2024 /PRNewswire/ -- Northwestern Mutual today announced the appointment of Dave Gordon to executive vice president and chief digital and information officer. In his role, Gordon will be accountable for technology and digital strategy, with oversight of the company's AI capabilities, software engineering, data engineering, enterprise architecture, technology infrastructure, and information risk and cybersecurity. He also has responsibilities for the company's digital products and foundational tech capabilities. Gordon will report to Northwestern Mutual President and incoming CEO Tim Gerend and join the company's senior leadership team. "Dave's deep technology experience, collaborative style and track record of success make him well-positioned to lead Northwestern Mutual's overarching tech and digital strategy," said Tim Gerend , president, Northwestern Mutual. "His leadership across a strong team of technology disciplines will ensure that we continue to enhance the relevance and improve the experience of working with Northwestern Mutual." Gordon previously served as vice president and chief technology officer with responsibilities for the software development of the company's customer experience, digitally enabled products and corporate solutions, since joining Northwestern Mutual in 2023. Prior to Northwestern Mutual, Gordon served as chief technology and data officer with USAA Federal Savings Bank, U.S. chief technology and operations officer with BMO Harris Bank, and credit card divisional CIO and head of IT operations with Capital One. He holds an MBA from the University of Richmond and a bachelor's degree in computer science from Indiana University . Gordon succeeds Christian Mitchell , who recently stepped down from his role as executive vice president and chief digital and information officer to pursue new opportunities. "I'm thankful for Christian's leadership that spanned nearly two decades at Northwestern Mutual," said Gerend. "He's had a meaningful impact on our employees, financial advisors and clients throughout his tenure and has set us up successfully for the future." About Northwestern Mutual Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years. Through a comprehensive planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. With over $627 billion of total assets 1 being managed across the company's institutional portfolio as well as retail investment client portfolios, more than $36 billion in revenues, and $2.3 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than five million people with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. Northwestern Mutual ranked 110 on the 2024 FORTUNE 500 and was recognized by FORTUNE ® as one of the "World's Most Admired" life insurance companies in 2024. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company ® (NMWMC) (investment advisory and services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance). Not all Northwestern Mutual representatives are advisors. Only those representatives with "Advisor" in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services. 1 Includes investments and separate account assets of Northwestern Mutual as well as retail investment client assets held or managed by Northwestern Mutual. View original content to download multimedia: https://www.prnewswire.com/news-releases/northwestern-mutual-appoints-dave-gordon-to-chief-digital-and-information-officer-302336464.html SOURCE Northwestern Mutual
India’s Tech Mahindra aiming for bigger bite of bank tech spends, CEO says( ) shares are catching the eye of investors on Wednesday morning. In early trade, the ASX All Ords stock is racing 15% higher to a 52-week high of $1.91. This latest gain means that the wealth management technology company's shares are now up 150% since this time last year. Why is this ASX All Ords stock jumping today? Investors have been fighting to get hold of the company's shares today after it made a that has got investors very excited. According to the release, the ASX All Ords stock has upgraded its guidance for FY 2025 following the successful transformation and execution of its business strategy over the past 18 months. Bravura Solutions revealed that it now expects its revenue to now be in the range of $240 million to $245 million for FY 2025. This is up from its previous guidance range of $235 million to $240 million. Things are even better for its earnings, with management lifting its cash guidance to be in the range of $33 million to $36 million. This compares to its previous guidance range of $28 million to $32 million. Finally, reported EBITDA is now forecast to be in the range of $41 million to $44 million, up from $36 million to $40 million. But the good news doesn't stop there. Far from it! Dividends to return As a result of its return to profitability and cash generation, the ASX All Ords stock intends to recommence the payment of in FY 2025. Its first dividend is expected to be announced in February with its half year results and then be paid in March after a two-year hiatus. This is in addition to the capital return of at least $0.163 per share to be paid on 30 January, which management believes reflects the company's improved financial performance and strong balance sheet. Commenting on the guidance upgrade and return of dividend payments, the ASX All Ords stock's CEO, Andrew Russell, said: We are pleased to inform shareholders that our Cash EBITDA, EBITDA and revenue performance is anticipated to be ahead of the guidance previously provided. This is further confirmation of the execution progress of our strategy to reset and energise the Bravura business. We have returned to profitability and have a healthy balance sheet. As a result, we intend to recommence the payment of dividends which will be announced as part of our half year results.
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House approves $895B defense bill with military pay raise, ban on transgender care for minorsNEW YORK , Dec. 11, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global professional development market in us size is estimated to grow by USD 4.82 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 6.36% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The K-12 segment of the professional development market in the US is experiencing steady growth due to the shift towards more engaging and collaborative teaching methods. Traditional K-12 education previously focused on rote memorization and individual learning, but modern educators prioritize student engagement and the use of multimedia content. To effectively implement these new techniques, teachers require digital skills and up-to-date knowledge of various teaching methods. Despite the availability of advanced technology and new teaching methods in K-12 education, many teachers find it challenging to keep up with complex course content, new teaching modes, and changing education regulations. Consequently, the teacher dropout rate has risen, with the National Education Association reporting a 55% dropout rate in February 2022 . To mitigate this issue, districts are reimbursing teachers for professional development costs. Teachers in STEM subjects are particularly focusing on professional development to deepen their subject knowledge and stay informed about emerging trends and technologies. They are also incorporating digitalization in their classrooms and adopting interdisciplinary techniques. For instance, Discovery Education Inc. Introduced new content on its K-12 learning platform, Discovery Education Experience, in February 2024 , including games, interactive content, and career tools, to encourage student curiosity and deeper learning. Additionally, teachers are enrolling in English Language Learning (ELL) professional development courses to help immigrant students master English as a second language. The emergence of innovative online tutoring options for K-12 learners is expected to fuel the growth of the professional development market in the US during the forecast period. Analyst Review The professional development market in the US is a dynamic landscape of continuous growth and innovation, driven by the need for individuals and organizations to stay competitive in today's rapidly changing economy. This market encompasses a wide range of products and services designed to enhance learning, education, and skills development. The internet has played a significant role in expanding access to information and training opportunities, making professional development more accessible and flexible than ever before. The impact of professional development is far-reaching, from individual career advancement to organizational growth and competitiveness. The segment is characterized by a strong focus on research and adoption of new technologies and teaching methods to maximize learning outcomes for students and professionals alike. Market Overview The Professional Development market in the US is a dynamic and evolving landscape that focuses on the growth and adoption of various courses, products, and innovations in the areas of education, training, and learning. The market is segmented into various regions and topics, including K-12, higher education, and corporate training. The market size is significant, with end-users seeking certification, career advancement, networking opportunities, and access to online resources and coaching. The market is influenced by the impact of mobile learning, competition from key players, and the addition of workshops, seminars, and webinars. The market is also shaped by research and innovations in skills development, leadership, management, and other professional areas. The US Professional Development market is a vital segment of the training industry and education market, with companies like Cast Inc., D2L Corp., Pearson Plc, McGraw Hill LLC, and others playing key roles. The market is expected to continue growing due to the increasing demand for professional skills development and the adoption of online learning platforms. To understand more about this market- Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/professional-development-market-in-the-us-to-grow-by-usd-4-82-billion-2023-2028-driven-by-ai-powered-market-evolution-and-key-segment-insights---technavio-302328477.html SOURCE Technavio
Helping to drown out the noiseNorthwestern Mutual Appoints Dave Gordon to Chief Digital and Information Officer