Warner calls in administrators August 28, 2013 COMMERCIAL property investor Warner Estate fell into administration yesterday after months of talks with lenders and partners failed – allowing Hansteen Holdings’ founders to return to the fund they sold to the company eight years ago. Warner, which managed around £700m of office and retail properties, hired CCW Recovery Solutions as administrator and said investors [...]
City Moves for 28 August 2013 | Who’s switching jobs August 27, 2013 Kleinwort Benson The private bank and wealth manager has appointed Joakim Gasslander as senior private banker in its private wealth management team. Based in London, he was previously senior private banker at Lloyds Private Banking. Gasslander has also held roles at Gadd & Co and SEB Private Bank in Stockholm, and has particular experience advising [...]
Driving down costs of car insurance August 27, 2013 Annabel Palmer on how customers could cut down their hefty London insurance premiums THE AA recently announced that comprehensive car insurance premiums saw their biggest fall since the motoring organisation’s records began in 1994. The average annual quote declined to £594.86 by the second quarter of this year, a 9.8 per cent drop from July [...]
Goode ready to lead revival of youthful Wasps August 22, 2013 LONDON Wasps summer signing Andy Goode insists his decision to move to Adams Park was a no-brainer and is confident he can help return the club to the upper reaches of the Aviva Premiership. The experienced fly-half, who scored 224 points for Worcester Warriors last year, is among 16 additions to a squad that slipped [...]
Robshaw extends Harlequins contract August 22, 2013 ENGLAND captain Chris Robshaw will stay with Harlequins until 2016 after signing a contract extension with the Aviva Premiership club. The 27-year-old back-row has scored 16 tries in 170 appearances and helped Quins win the Amlin Challenge Cup in 2011 and the Premiership title last year. Robshaw said: “It’s a fantastic club with huge aspirations.”
City Moves for 22 August 2013 | Who’s switching jobs August 21, 2013 Squire Sanders The law firm has announced the appointment of Mark Thomas as a partner in its financial services practice group. Thomas specialises in structured finance and capital markets. He was most recently at Addleshaw Goddard, where he was head of structured finance. PwC The professional services firm has hired Charlie McMurdie as senior crime [...]
Authorities approve Aviva deal August 15, 2013 The Iowa insurance commissioner approved Athene Holding’s pending $1.55bn (£990.47m) purchase of UK insurer Aviva’s US annuity business, the state said yesterday Aviva’s US operations are headquartered in Iowa, and approval from that state and New York were two regulatory hurdles for the deal, Apollo said. Iowa said Aviva cannot pay dividends to shareholders for [...]
Sackey signs for Harlequins August 15, 2013 RUGBY: Former England wing Paul Sackey has joined Aviva Premiership club Harlequins from Stade Francais. The 33-year-old scored 11 tries in 22 Test appearances for England and played in the 2007 World Cup.
Best of the Brokers for 15 August 2013 August 14, 2013 JUPITER Cantor Fitzgerald keeps its “buy” rating and target at 431p following a placing by big investor TA Associates at 350p per share. The broker remains impressed by the fund manager’s cost control and prospects for a dividend. AVIVA Canaccord Genuity has upgraded the insurer from “hold” to “buy” and raised its target from 385p [...]
City Moves for 14 August 2013 | Who’s switching jobs August 13, 2013 Aviva Investors The asset management business has announced the appointment of Sunita Kara as portfolio manager for European high yield. Kara has over 14 years’ experience in the investment industry. She was most recently at Baring Asset Management, where she was global high yield portfolio manager. Prior to that, she was a senior credit analyst [...]