City Moves for 28 February – who’s switching jobs at AT Kearney, JLL and Bee Midtown? February 27, 2019 Who’s on the move today? AT Kearney AT Kearney, the management consulting firm, has appointed Simon Kent as global head of financial services. He joined as a partner in its London headquarters in 2013 from Navigant, where he was head of financial services. With over 25 years’ experience of advising financial services clients, Simon will [...]
Hackers target UN and IMF using ‘sophisticated’ cyber attacks February 27, 2019 Cyber attackers have ramped up the power and complexity of their efforts, targeting crucial international bodies including the United Nations, US state department and International Monetary Fund, a newly-released report has found. Analysis by Netscout, a network security and business analytics solutions firm, found that so-called distributed denial-of-service (Ddos) attacks against the international affairs sector [...]
City Moves for 27 February – who’s switching jobs at JP Morgan, Exiger and Arkle Finance? February 26, 2019 Who’s on the move today? JP Morgan JP Morgan Asset Management has hired Jennifer Wu as global head of sustainable investing. She joins from Blackrock, where she was a member of its sustainable investing team. She will also lead JP Morgan’s sustainable investing leadership team, a global team of senior leaders focused on sharing best [...]
City Moves for 26 February – who’s switching jobs at Wesleyan, Clarks and Shard Capital? February 26, 2019 Who’s on the move today? Wesleyan Wesleyan, the specialist financial services mutual for doctors, dentists, lawyers and teachers, has appointed Anne Torry to its board of directors. Anne has more than 20 years’ experience of strategic leadership, working internationally in both the life and savings and general insurance sectors, most recently as chief executive and [...]
With time running out for Theresa May’s deal, are we heading for a Brexit delay? February 24, 2019 MPs will once again march through the voting lobbies in parliament on Wednesday to give their views on Brexit. The motion put forward by Theresa May will only be an endorsement for her to carry on negotiating with Brussels in a bid to get legally binding changes to the Irish backstop plan. However, there is [...]
Is Persimmon’s success built on solid ground? February 24, 2019 If you are a long-term Persimmon shareholder you will have done pretty well out of recent years. Starting 2012 at around £4 a pop, the stock closed last week near the £25 mark. The arrival of the government’s Help to Buy programme in 2013 may have had something to do with that meteoric rise. This [...]
City Moves for 25 February – who’s switching jobs at Grit Real Estate Income, S4 Capital and Beaufort Investment? February 24, 2019 Who’s on the move today? Grit Real Estate Income Grit Real Estate Income Group, a leading pan-African real estate company, has appointed Sir Samuel Esson Jonah as an independent non-executive director. Jonah, aged 69, is one of Africa’s leading businessmen and internationally recognised as a leading business executive. He is currently executive chairman of Jonah [...]
Swedish and Estonian regulators probe Swedbank over money-laundering report as SEC goes after Danske February 21, 2019 Swedish and Estonian financial regulators have launched a joint investigation after an explosive report linked Stockholm-headquartered lender Swedbank to a Baltic money-laundering scandal. The countries’ respective Financial Supervisory Authorities (FSAs) announced the probe following a report by Swedish broadcaster SVT that alleged links between Swedbank and scandal-ridden Danish lender Danske Bank. Dankse has been rocked [...]
Huawei takes ground from Apple and Samsung in smartphone war February 21, 2019 Tech giants Apple and Samsung are losing their grip on the smartphone market to cheaper rivals such as China’s Huawei, as the sector looks increasingly trapped in a slowdown. Research by consultancy firm Gartner found global smartphone sales stalled in the final quarter of last year year, growing just 0.1 per cent from the end [...]
FCA hands £415k in fines to investment groups over float collusion February 21, 2019 The UK’s financial watchdog has slapped two investment management groups with fines for breaking competition rules by sharing information ahead of an initial public offering (IPO). The Financial Conduct Authority (FCA) fined Hargreave Hale £306,300 and River and Mercantile Asset Management (Raman) £108,600. It said the firms had shared “strategic information”, including their intentions on pricing [...]
