City Moves for 5 September 2016 | Who’s switching jobs September 5, 2016 United Trust Bank United Trust Bank has appointed Richard Murley as its new chairman. His appointment follows the recent retirement of previous chairman, Nicholas Clegg CBE, who fulfilled the role for the last 15 years. Richard has been chairman of the University College London Hospitals Foundation Trust (UCLH) since 2010. He is a qualified solicitor and has [...]
Morrisons gets a discount on new deal with Ocado August 9, 2016 Morrisons and Ocado have struck a new deal that will see the supermarket deliver to more areas in Britain, and also reduces the fees Morrisons has to pay the online grocer. Shares in both grocers rose on the news, with Morrisons up 1.5 per cent at 190.9p in early trading, while Ocado rose 2.6 per [...]
City Moves for 28 June 2016 | Who’s switching jobs June 28, 2016 Gordon Dadds Legal and professional services firm Gordon Dadds has appointed senior politician Lord Peter Hain as its global and government adviser. Hain will be helping Gordon Dadds and its clients expand their international connections, with particular focus on Africa and the Middle East. He will also advise the firm on governmental matters. Prior to joining the House [...]
Brexit vote gives defined benefit pensions yet another battering, as markets swing wildly after Leave decision is revealed June 26, 2016 The vote for Brexit may have driven another nail into the coffin of defined benefit (DB) pension schemes, after the markets went into meltdown on Friday. Figures from Hargreaves Lansdown show that around 33 per cent of UK scheme investments consist of shares, 25 per cent of which are UK shares, which will have come as [...]
City Moves for 7 June 2016 | Who’s switching jobs June 7, 2016 Ashurst International law firm Ashurst has announced that Dave Rome, managing director, head of EMEA loan markets at RBS, will be joining the firm as strategic director – corporate lending. Dave has spent over 25 years at RBS and NatWest, working in the UK and Europe as well as spending six years in Asia. In [...]
Shell mulls offshoring its legal eagles to cut costs June 6, 2016 Shell is considering offshoring its legal centre in a bid to cut costs and improve efficiencies, it was revealed today. "We are operating in the reality of a 'lower for longer' oil price environment and to remain competitive, Shell is taking essential steps towards building a more sustainable and resilient company," said Donny Ching, Shell's legal director. "Shell's [...]
Ashurst: Oil and gas firms gear up for wave of M&A activity as oil prices stabilise May 25, 2016 Oil and gas firms are gearing up for a wave of mergers and acquisitions activity which will sweep across the world this year. The industry expects deal volumes to swell by 50 per cent year-on-year in 2016, rising substantially on a three to five year horizon, according to a report released today by City law firm [...]
City Moves for 9 May 2016 | Who’s switching jobs May 9, 2016 Parker Fitzgerald Parker Fitzgerald (PFG), the specialist management consultancy, has appointed Patrick Gormley (pictured) to its executive board. Patrick will lead the firm’s global digital practice, which focuses on transforming the risk management and regulatory compliance functions of financial institutions through digital innovation, robotics, artificial intelligence and new technologies such as blockchain. Patrick joins PFG [...]
City Moves for 26 March 2016 | Who’s switching jobs April 26, 2016 Alpha FMC Asset and wealth management consultant Alpha FMC has appointed Andrew Glessing as director and head of its new dedicated compliance practice which will initially comprise nine consultants. Andrew has more than 25 years’ experience in financial services and compliance consulting. He spent seven years as manager at the Financial Conduct Authority where he [...]
City Moves for 25 March 2016 | Who’s switching jobs April 25, 2016 FARMDROP Former Marks & Spencer head of logistics, Philip Eaves has joined online marketplace, Farmdrop as its first director of supply chain. The appointment coincides with a major product upgrade as the online marketplace launches one-hour slot, seven-day deliveries via its fleet of zero emission electric vans and Farmdroppers. Philip previously headed up logistical development [...]