HSBC in talks with Pinnacle consortium July 25, 2010 THE GROUP hoping to build the Pinnacle skyscraper on Bishopsgate is close to securing financing from HSBC, it emerged at the weekend. Arab Investments (AI) plans to raise £600m from the financing deal, to add to £130m secured from a 60-strong consortium of backers. AI boss Khalid Affara has been courting banks for months in [...]
Director pay in focus at AI November 15, 2009 ADMINISTRATORS to Aero Inventory (AI), the AIM-listed aero parts group that collapsed last week, are looking at ways to claw back money from the company’s directors amid concern over the level of pay and bonuses taken by key executives. KPMG, which last week took control of AI on behalf of banks, owed more than £300m, [...]
CITY MOVES WHO’S SWITCHING JOBS June 11, 2009 Augusta & CoThe independent merchant banking group has appointed Rachael Luxton to strengthen its debt advisory and restructuring capabilities. Luxton joins as a director from the international corporate finance team at Citigroup. She is a specialist in restructuring and managing distressed debt situations, having previously advised firms including MyTravel, Fiat, Yukos and Alstom. Mercer Jerry [...]