City Moves for 08 October 2015 | Who’s switching jobs October 7, 2015 EDMOND DE ROTHSCHILD GROUP The asset manager and private bank has appointed David Chamberlain as head of investor relations for private equity. He has served for the past 10 years as chairman and managing partner of Capstone Partners. Chamberlain also previously spent 17 years at Unigestion in Geneva, where he was successively finance director and [...]
FTSE 100 index ends up as commodities and energy rally – London Report October 7, 2015 Energy and mining stocks yesterday advanced on the back of stronger commodity prices as Britain’s top shares index extended gains from Monday’s session. The blue-chip FTSE 100 index, which surged 2.8 per cent on Monday, ended 0.4 per cent higher at 6,326.16 points. The index, however, is still down about 3.5 per cent this year [...]
City Moves for 07 October 2015 | Who’s switching jobs October 6, 2015 EY The professional services firm has announced the appointment of Nick Parkhouse to lead its new financial services debt advisory team. He joins as an executive director from RBS, where he was a senior director and led a structured finance team focused on specialty finance markets in the UK. Parkhouse has also previously held roles [...]
Round 2: Trial of six brokers accused of Libor rate-rigging begins in London today October 6, 2015 Six brokers accused of Libor rigging will see their trial begin in London today and could face decades in jail as the second instalment of the Serious Fraud Office’s (SFO) war on financial misconduct gets underway. The six brokers – who have worked at ICAP, RP Martin and Tullett Prebon – are charged with [...]
Rental gap between financial and technology businesses is closing – Savills October 6, 2015 The gap in rents paid by financial firms and technology businesses worldwide is closing, according to a set of data out yesterday that shows a surge in office prices for the digital sector since the financial crisis. Research from estate agency Savills, which monitors rents across 12 major cities, found that overall rents for [...]
Why City Giving Day showed us just how much of a triumph the Square Mile really is October 4, 2015 Guildhall yard is pretty nippy at 8am. The wind whistles through the gaps in the buildings and there’s no sun to warm the paving stones. But on Wednesday last week, no-one noticed any of that – we were all too involved in the carnival of community work that was City Giving Day. We had businesses. [...]
Nearly one in five Londoners think over-50s are too old to do their jobs October 1, 2015 Life begins at 50. Unless you work in London, in which case you'd better keep your head down and hope no one notices your age. Because not only do professionals in our capital consider an "older worker" to be full decade younger than the national average perception, a sizeable number of people think once you [...]
Lord Mayor tours London firms on City Giving Day October 1, 2015 Shoes were shined, ties were straightened, balloons were inflated and cakes were freshly baked for the arrival of Lord Mayor Alan Yarrow at dozens of the Square Mile’s banks and financial institutions to mark City Giving Day, where he saw first-hand what they do to give back to society. Joined by company leaders from [...]
PPI-related complaints against UK banks falling September 30, 2015 Customer complaints about payment protection insurance (PPI) are falling, according to new financial regulator figures which hint that the fallout from banks’ mis-selling of PPI is beginning to settle. PPI-related complaints remain the biggest source of grumbling among customers in the aftermath of the scandal, but they’re down 17 per cent in the first six [...]
UK fintech needs more than just London: Manchester and Northern Powerhouse cities are the next hubs September 30, 2015 By some accounts the UK already leads the world in fintech – technology for the financial services sector. Much of this stems from the fact that London has always been one of the world’s leading financial centres, is home to 300 of the world’s banks and counts more than 130,000 knowledge workers in its financial [...]