Zachary Lim, a media industry veteran, has been named head of IPG Mediabrands Singapore following his departure from Wavemaker. Reporting to Leigh Terry, CEO of IPG Mediabrands APAC, Lim will lead UM and Initiative agencies, bringing his expertise in integrated marketing and agency leadership to the role. His appointment comes after the exits of James Smyllie and Kasper Aakerlund, with Terry expressing confidence in Lim’s ability to drive client success and elevate operations in Singapore.
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MOL spends $1.7bn buying Dutch tank terminal operator
Japanese shipowner MOL is acquiring LBC Tank Terminals for $1.72bn, expanding its presence in chemical storage in Europe and the US. LBC operates seven terminals with a total capacity of 3m cu m, including facilities for rail and truck transport. With previous acquisitions, MOL now has one of the largest chemical tanker fleets globally. Full Article
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