Hands’ Terra Firma set for £1bn flotation of Infinis October 21, 2013 TERRA Firma, the private equity firm controlled by seasoned investor Guy Hands, is today expected to lay out plans to float wind power firm Infinis on the London stock exchange, valuing its equity stake at £1bn. Infinis, the country’s biggest independent generator of renewable power, was snapped up by Hands’ group 10 years ago using [...]
City Moves for 21 August 2013 | Who’s switching jobs August 20, 2013 DUAL The underwriting arm of Hyperion Insurance Group has announced the appointment of Damian Crowe as a senior underwriter in its financial institutions division. Crowe was most recently at Chartis UK, where he was a senior underwriter in its financial lines division. Prior to that, he was a broker at FirstCity Partnership. Gibson Dunn & Crutcher [...]
City Moves for 5 August 2013 | Who’s switching jobs August 4, 2013 Pramerica Real Estate Investors The real estate investment management business has announced the appointment of Eric Adler as chief executive. Adler is currently chief investment officer at Pramerica, having joined the company in 2010 as head of European operations. He was previously as Tishman Speyer, where he co-directed its European activities, and was a member [...]
Bottom Line: Few choices for Eastern promise July 31, 2013 FOR a while, mergers between UK and US law firms were all the rage. Throughout 2010-12 you could hardly move without a new transatlantic alliance being inked and diplomatic name combinations being dreamed up – from Hogan Lovells and Dentons to Squire Sanders. But more recently, law firms’ expansionary ambitions have been firmly focused [...]
Boris’s experts to look at new airport options February 11, 2013 MAYOR of London Boris Johnson has put together a team of economists, architects and advisers to thrash out the details of a new hub airport in the south east of England. Johnson told the transport select committee yesterday that the country needs “a solution that gives us a four runway hub, preferably a 24 hour [...]
City Moves for 17 January 2013 | Who’s switching jobs January 16, 2013 Lloyds Bank The bank’s commercial banking division has appointed Karin Cook chief operating officer. She joins from HSBC, where she was most recently global chief operating officer for its private bank. Cook has over 20 years’ experience in the industry, and has also held roles at Goldman Sachs and Morgan Stanley. Saffery Champness The accountancy [...]
City Moves for 14 January 2013 | Who’s switching jobs January 13, 2013 Legal & General Alex Gipson has been appointed as a loans originator and underwriter in Legal & General’s commercial lending team. He joins from RBS, where he worked for 27 years. Gipson was most recently director of housing finance within RBS’s structured finance team. He is a social housing expert, and has worked on numerous [...]
Law firm Simmons & Simmons revenue hurt by the weak euro November 28, 2012 LAW firm Simmons & Simmons has blamed the tough economy for a three per cent fall in half-year revenue yesterday. The corporate law specialist posted revenues of around £121m for the first six months of the financial year, but said the figure is flat on last year once exchange rates are excluded. Managing partner Jeremy [...]
City Moves | Who’s switching jobs November 18, 2012 Boost ETP The investment product provider has appointed Richard Kent (right) as head of product operations and Jose Poncela as senior in-house counsel. Kent joins from UBS, where he was a director in its equity and fund-linked derivatives team. He has also worked for Barclays Capital. Poncela has held roles at Nomura International, UBS and [...]
Business groups say flexible work not right for all firms November 13, 2012 PLANS to extend parental leave and grant flexible working rights to all employees was yesterday received cautiously by business groups, who warned that many companies would struggle with the extra administrative burden. Deputy Prime Minister Nick Clegg said new legislation, which could be introduced as early as 2015, will allow both parents to share up [...]