City Moves for 5 February – who’s switching jobs at eGym, Real Estate Management and BSI? February 5, 2019 Who’s on the move today? eGym Sir George W. Buckley, the former chief executive of 3M, is joining the Munich-based sports technology company eGym as its chairman. Founded in 2010 in Munich, eGym uses a combination of connected gym equipment and cloud-based software to provide a fully data- and software-driven gym experience. Sir George steered [...]
Auditors should not be ‘policemen’ – but that could change, MPs told February 4, 2019 A government-commissioned review will examine how far auditors should go in detecting fraud at companies. London Stock Exchange chair Sir Donald Brydon said there was a need for “greater clarity” on the subject, after the new boss of Grant Thornton, David Dunckley, clashed with MPs over the topic last week. “Is it [auditors’] job to [...]
City Moves for 4 February – who’s switching jobs at Accel, BCLP and Zoopla? February 4, 2019 Who’s on the move today? Accel Accel, the leading global venture capital firm, today announces that Andrei Brasoveanu and Seth Pierrepont have both been named as partner, strengthening Accel’s team in London. Andrei is promoted to partner from his previous role as principal at Accel and will remain focused on investments in enterprise software, cloud [...]
BDO completes its merger with Moore Stephens February 4, 2019 BDO has completed its merger with Moore Stephens, forming a new fifth-largest UK audit firm. The announcement arrives alongside new audit contract figures for the Alternative Investment Market (Aim) clients, which show the accountancy firm has expanded its junior market dominance. The new firm – which will operate under the BDO moniker as part of [...]
Brexit pushes one in three firms to plan move abroad, survey finds February 1, 2019 Nearly a third of companies surveyed by one of Britain's biggest groups may move parts of their operations abroad because of Brexit. Research by the Institute of Directors (IoD) found 16 per cent of its member had already initiated relocation plans, with a further 13 per cent “actively considering” a move. Among large businesses surveyed, [...]
Barclays fraud allegations implicate Qatar, says trial judge January 31, 2019 The jury in the trial of four former Barclays executives charged with conspiracy to commit fraud have been told that Qatari entities would be implicated if the prosecution’s case proves correct. Justice Robert Jay warned of the potential repercussions of the case, in which the ex-bank bosses stand accused of making secret payments to Qatar [...]
Rough sleeping in the Square Mile nearly doubled last autumn January 31, 2019 The number of rough sleepers in the Square Mile rose to 67 during autumn last year, up 86 per cent on the year before. A new government report found the City of London to have the ninth-highest number of people sleeping in the open air of any local authority in England. Local councillor Tijs Broeke [...]
‘We’re not looking for fraud’: New Grant Thornton boss clashes with MPs over audit expectations January 30, 2019 Grant Thornton’s new chief executive clashed with MPs today over whether his firm should detect fraud at companies it audits, in a debate that touched on the industry’s much-analysed expectations gap. David Dunckley told members of the Business, Energy and Industrial Strategy (Beis) Select Committee: “We’re not looking for fraud, we’re not looking at the [...]
Barclays boss feared payments to Qataris could be seen as a ‘bung’ January 30, 2019 A Barclays boss feared that fees paid by the bank to Qatari investors might be see as a “bung”, a court was told today. Richard Boath, one of four former Barclays executives charged with conspiracy to commit fraud, told investigators two advisory services agreements (ASAs) that form the crux of the Serious Fraud Office’s (SFO) [...]
KPMG boss confident in Carillion audit despite partner suspension January 30, 2019 KPMG’s UK boss said the firm remains confident in the quality of its audit work for collapsed construction firm Carillion, despite suspending a partner over concerns related to falsified documents. Earlier this month, the Big Four audit confirmed it had suspended the top audit partner Carillion, Peter Menshan, along with three other non-partner members of [...]
