Who’s switching jobs November 7, 2012 Deloitte Michael Lee has been appointed director of Deloitte’s analytics practice. He joins from Detica NetReveal, and is a specialist in using analytics to detect and prevent fraud and financial crime. HSBC Andy Clark has been appointed chief executive at HSBC’s UK asset management branch. He has worked for the bank since 2005, most recently [...]
Advisers on track to be RDR-ready November 6, 2012 A majority of financial advisers are now compliant with the forthcoming Retail Distribution Review regulations coming into force in January, a survey out yesterday said. Insurer Aviva found two-thirds of advisers had already achieved qualifications to make them RDR compliant. A further 46 per cent said that they would also obtain qualifications beyond statutory requirements. [...]
Raft of firms set to release figures as Bank debates if more QE needed November 4, 2012 THE biggest question for UK investors this week is whether the Bank of England’s Monetary Policy Committee (MPC) will opt for more quantitative easing. The decision, which will be announced on Thursday, comes after strong jobs and GDP data. “Strong third quarter GDP data suggested that underlying growth was slightly stronger than previously thought and [...]
Trusty Hodgson kicks Sarries to win over Wasps November 4, 2012 SARACENS boss Mark McCall knows full well the impact Charlie Hodgson has had on Saracens this season but he insisted he delivered more than he expected in yesterday’s 29-24 Aviva Premiership win over Wasps. The 31-year-old kicked seven penalties in another assured performance with the boot at Vicarage Road, taking his total points tally in [...]
Wasps pack out to sting Saracens in derby November 1, 2012 LONDON Wasps are on a high following four straight wins, but hooker Tom Lindsay has bad news for Saracens ahead of Sunday’s Aviva Premiership clash – insisting the forwards are still not satisfied. Last season’s woes – where Wasps survived the drop on the last day of the season – seem a thing of the [...]
Andy Haste to join Lloyd’s as deputy chair October 31, 2012 AFTER a short break from the world of insurance, RSA’s former chief executive Andy Haste is planning a return to the sector as deputy chairman of Lloyd’s of London. Haste will begin a three-year term at the UK’s insurance and reinsurance market today, stepping in to succeed Dr Andreas Prindl, who is retiring. He bowed [...]
Bank’s Paul Tucker stumbles upon a Barclays bonus truce October 31, 2012 IT has become the City’s most wearyingly familiar formula: bank floats pay proposals with investors; investors cry foul; bank showers its largesse on employees regardless; bank suffers revolt at annual meeting. Repeat, year after year. The 2013 bonus round should, at last, provide an antidote to the toxic relationship between Britain’s biggest lenders and the [...]
US indices group MSCI acquires property specialist IPD for £78m October 31, 2012 US INDICES group MSCI has agreed to buy Investment Property Databank (IPD), a private company that provides crucial information for the property industry, in a £78m deal. The sale will generate a huge windfall for IPD’s founders Rupert Nabarro and Ian Cullen, who set up the company 27 years ago. The pair will share £26m [...]
Scottish rugby chiefs invite bids for Murrayfield naming rights October 30, 2012 MURRAYFIELD could become the latest stadium to be rebranded by a corporate sponsor after Scottish rugby chiefs admitted the naming rights were up for sale. Scottish Rugby Union chief executive Mark Dodson said they would be “crazy” if they did not seek a multi-million pound deal similar to Arsenal’s with airline Emirates. “The single biggest [...]
ESPN may shut off TV channel after chief exits October 29, 2012 THE HEAD of ESPN’s European TV operations has quit the broadcaster, in a move that may pave the way for the company to shut down its UK sports channels from next summer. Jeroen Oerlemans, ESPN’s vice president in charge of TV in Europe, the Middle East and Africa, has recently stepped down without a successor [...]