City Moves for 24 November 2016 | Who’s switching jobs November 24, 2016 AEW AEW has appointed Hans Vrensen as European head of research and strategy. Hans, who will be based in London and oversee teams in London and Paris, will report to Rob Wilkinson, CEO of AEW Europe and will work closely with AEW’s global platform. Hans’ responsibilities at AEW will include advising the investment and asset management [...]
Eh? Rolls-Royce and Game are among the 25 best UK companies to work for. Supposedly. November 23, 2016 An engineering giant which has issued a string of profit warnings, two retailers which recently came out of administration and a bank which was the centre of a major scandal this year are among UK employees' 25 favourite companies to work for, according to new research. Rolls-Royce came top of jobsite Indeed's Top Employers in Britain list. The [...]
Goldman Sachs and Santander have left a major blockchain group November 22, 2016 Goldman Sachs and Santander have both exited one of tech's top blockchain consortiums which is backed by some of the world's biggest financial institutions. Both institutions have quit membership of the R3 group and will not be investing in its latest reported funding round. Santander did not comment on its decision to depart R3, however, it's understood it will [...]
Red tape? What red tape, asks Atom Bank boss November 21, 2016 Up and coming lenders are not facing as many regulatory hurdles as you might think, the boss of one of the UK's newest challenger banks has said today. Speaking at the Confederation of British Industry annual conference, Mark Mullen, chief executive of Atom Bank, noted that the "regulatory hurdles have got better", not worse, since the [...]
Citi and JP Morgan top regulators’ list of systemically important banks, as HSBC and Barclays move to lower tier November 21, 2016 Citigroup has joined JP Morgan Chase as one of the world's top two "systemically important banks", according to an updated list published today by the Financial Stability Board (FSB). Banks in the top tier will have to hold 2.5 per cent of their assets as buffer capital in case of another crisis. This means that US [...]
The Titanic’s grade II-listed London ticket office has been turned into £5m luxury apartments November 21, 2016 Got £5m burning a hole in your pocket and an interest in gruesome maritime history? This might be for you: a developer has just unveiled a block of luxury flats in the building where the Titanic's ticket office was located. Grade II-listed Oceanic House, in Trafalgar Square, has been redeveloped into six luxury apartments, including [...]
Fraud squad to ask for Barclays tribunal to take place behind closed doors November 20, 2016 The fraud squad will tomorrow ask for an employment tribunal for an ex-Barclays exec to take place in private, on the grounds it could compromise its ongoing investigation into the bank. Since 2012, the Serious Fraud Office (SFO) is currently investigating Barclays' handling of an emergency funding exercise back in 2008. As part of that, the fraud [...]
Bupa snaps up dentistry group Oasis for £835m from private equity house Bridgepoint November 18, 2016 Private healthcare group Bupa has announced an £835m takeover of dentistry chain Oasis from a private equity group. Bupa, advised by Barclays bankers, was said to be in competition with other private equity groups for the acquisition of Oasis, which was owned by Bridgepoint. The private equity house, advised on this deal by Moelis and [...]
City Moves for 18 November 2016 | Who’s switching jobs November 18, 2016 Lee Baron Lee Baron, a specialist in property management, has appointed Steven Room as head of residential development. With over 30 years’ experience in the property sector, Steven has worked directly with a range of housebuilder, developers, landlords, investors and property managers at firms such as Kinleigh Folkard & Haywards, County Estate Management, Haywards, The [...]
JP Morgan to pay $264m to settle Chinese hiring claims November 17, 2016 JP Morgan is to pay $264m (£212.2m) to settle claims it hired relatives of key Chinese decision makers to win work. The US authorities allege that JP Morgan's Asian subsidiary set up a client referral scheme, distinct from the lender's own hiring processes, to give unfair preference to would-be hires referred by client executives and influential government officials [...]