Need to know: the top stories for Asia comms, media and marketing pros on Thursday, 21/1/16

Carlson Rezidor gets new comms VP; Fleishman names first global COO; Miles Young steps down as Ogilvy CEO; global stock market crisis; K-pop star escalates China-Taiwan tension; US toy sales rise; McDonald's on the up

John Seifert, the new global CEO of Ogilvy & Mather
John Seifert, the new global CEO of Ogilvy & Mather

Carlson Rezidor hires new APAC comms VP

Camilla Chiam joins the hotel group bringing strong experience in travel sector.

FleishmanHillard names JJ Carter as first global COO

Jack Modzelewski, meanwhile, is transitioning to the role of global president of business development and partnerships at the firm.

Miles Young to step down as Ogilvy CEO, North America head takes over

John Seifert has been appointed worldwide CEO of Ogilvy & Mather, effective immediately. Outgoing CEO Miles Young will continue as chairman until September 1, at which point Seifert will become worldwide chairman and CEO.

MSCI global stock market index hits bear market

The MSCI All-Country World Index, which measures major developed and emerging markets, fell into a bear market Wednesday, with its decline from early last year now totaling more than 20 percent.

K-pop singer’s apology escalated China-Taiwan row

Cross straits tensions between China and Taiwan are developing into an international drama with a 16-year-old Korean pop (K-pop) singer drawn into the fray, highlighting political minefields facing businesses in the region.

US toy sales jump nearly 7%, topping estimates

Jedi warriors, genetically modified dinosaurs and a gang of rescue pups helped the toy industry deliver its most robust growth figures in more than a decade.

McDonald's franchisees optimistic about sales growth

Things are looking up for McDonald's. Franchisees of the chain are feeling optimistic after a spell of declining sales over the last year.

Brought to you by PRWeek Asia with additional editorial support from CNBC

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