City Moves for 21 December 2016 | Who’s switching jobs December 21, 2016 Al Rayan Bank (UK) Al Rayan Bank (UK) has appointed Venkat Chandrasekar as its new chief operations officer to oversee the bank’s frontline functions. An operations and technology leader with 17 years’ managerial experience in retail banking, he joins the Bank from Citibank where he held a number of senior positions over his 13-year tenure, most [...]
Rejoice: Christmas is about to get much less manic for City parents December 21, 2016 For many mums and dads working in the City, the pressure gauge is now banging against the red zone. On the work side, Christmas brings client drinks parties, office shindigs, annual appraisals, bonus dramas, mystery Santas, week-long hangovers and projects with a “before Christmas” deadline. On the family side, December means nativity plays, parents’ evenings, last-minute Christmas [...]
BBC spends £815,000 on counselling staff for stress, bullying and harassment among other issues December 21, 2016 The BBC has spent nearly £815,000 since 2010 counselling staff for stress, bullying and harassment among other issues, City A.M. can exclusively reveal. The corporation’s bill for counselling staff for the 2016/2017 financial year increased to over £102,000 from the previous period during which it forked out nearly £94,500. The BBC came under fire last [...]
Regulation, regulation, regulation: What to expect in 2017 December 20, 2016 You don't need us to tell you it’s been a year for surprises. Referenda in the UK and Italy, coupled with the result of the US election, have created huge uncertainty and widespread anxiety among businesses. While we ponder what Brexit really means, one thing everyone wants on their New Year’s wish list is more [...]
City Moves for 20 December 2016 | Who’s switching jobs December 20, 2016 Intermediate Capital Group Intermediate Capital Group (ICG), the specialist asset manager, has appointed Brian Marshall as managing director of business and product development for its US capital markets business. His responsibilities will include capital formation, developing and managing investor relationships, and contributing to the development of new products. Brian will interact extensively with ICG’s global [...]
City Moves for 19 December 2016 | Who’s switching jobs December 19, 2016 Fitch Fitch has appointed Sean Costello as head of its EMEA corporates banker team. Sean joins from Commerzbank where he was head of loan capital markets within their leveraged finance group. Sean joined Commerzbank in August 2005 from the leveraged loan distribution team at Bank of Scotland and prior to that, NIBC Bank and NatWest Capital Markets. With [...]
Habito founder Daniel Hegarty talks fintech mortgages, bigamy and working above a kebab shop December 19, 2016 Many people have a career change. Before venturing into fintech, Daniel Hegarty, founder of digital mortgage broker Habito, was a professional musician, composing for TV and film and touring internationally. In 2007, he joined a few people trying to work out how to do loans on the internet in real time, in a pre-launch company [...]
The Apprentice can teach firms a lot about recruitment December 19, 2016 Making the right hiring decisions is more important than ever before. With managers admitting that one in five new hires was a “bad” decision or one they regret, any source of inspiration to improve the process should be thoroughly explored, even if that happens to be a reality TV show. With last night’s final bringing [...]
City Moves for 16 December 2016 | Who’s switching jobs December 16, 2016 World Trade Board Vince Cable, the former business secretary, has joined the World Trade Board as a strategic adviser. He will advise on the board’s collaborative initiatives to widen debate and foster a more inclusive future around sustainable international trade, as well as supporting the World Trade Symposium in 2017. Cable was the Liberal Democrat Member [...]
Britain is still the best place to found a business in Europe – but entrepreneurs are nervous about Brexit December 16, 2016 The extraordinary growth in the number of companies founded in the UK since the financial crisis has been one of the standout economic success stories of the past decade. In a world of increasing competition for “enterprise hub” status, the UK is now one of the top global magnets for entrepreneurs. This is a hard [...]