CITY MOVES | WHO’S SWITCHING JOBS

RSM Tenon
Ruth Hiley (pictured) has joined RSM Tenon as the accountancy firm’s new head of outsourced payroll services. Hiley has a background in bureau management: she has worked at Moorepay, the UK’s largest payroll services firm, and has also been head of the payroll teams at BDO Stoy Hayward and PKF. She will be responsible for helping businesses outsource and reduce their payroll costs. She will be reporting to the national head of outsourcing, Margaret Laidlaw.

Transnational Auditors
David Maxwell, a partner and board member of Grant Thornton, the financial services firm, has been appointed the chair of the Transnational Auditors Committee – a commitee of the International Federation of Accountants. The appointment will be in effect from January for a term of two years.

Nomura
Nomura Holdings has appointed a new chairman of risk and regulatory affairs: David Benson.
Benson has been chief risk officer for the firm since November 2008 and has worked at Nomura for 11 years in total. He will now move into this newly created role in order to draw together Nomura’s regulatory planning services and will supply advice on legislative developments. He will remain on the company’s board.

Lewis O’Donald will succeed Benson as chief risk officer. He moves over from Morgan Stanley, where he has spent 18 years in risk management roles. He will be in charge of shaping the firm’s risk appetite.

Equity Development
Investment research company Equity Development has appointed Gilbert Ellacombe as head of corporate. Ellacombe brings more than 25 years of capital markets experience to the firm, having previously worked at both Panmure Gordon and Kaupthing Singer & Friedlander. He will be responsible for expanding the corporate client base and equity financings.