Deanna Oppenheimer to join Tesco’s nominations committee June 17, 2015 Deanna Oppenheimer, a former high-flying banker who joined the board of Tesco three years ago, has been drafted to join the supermarket’s nominations committee next month. The appointment comes after Oppenheimer, previously the boss of Barclays UK retail and business bank, was made chairman of Tesco’s remuneration committee earlier this year. Deanna [...]
StanChart hires Naguib Kheraj as its senior independent director June 17, 2015 STANDARD Chartered has appointed former Barclays finance director Naguib Kheraj as its senior independent director yesterday, with immediate effect. Kheraj has been a non-executive director at Standard Chartered since January 2014 and has been tipped as a possible future chairman of the bank. However sources say Kheraj will not put himself forward for the role. [...]
Bob Diamond’s Atlas Mara sells stake in Zimbabwe private equity firm Brainworks Capital Management June 17, 2015 Atlas Mara, the Africa-focused financial services group owned by former Barclays chief executive Bob Diamond, has sold its 10.1 per cent stake in Brainworks Capital Management, which describes itself as "Zimbabwe's pre-eminent private equity investment and advisory firm". Read more: Why would Bob Diamond want to buy a bank in Rwanda anyway? The deal netted [...]
Republican Jeb Bush joins US presidential race with 4pc economic growth target June 15, 2015 Ever since he quit his job at Barclays and began travelling the country on a fundraising campaign last year, speculation has mounted that Jeb Bush would make a run for President of the United States. The brother of George W. Bush and son of George HW. Bush formally announced his campaign in Florida where he [...]
City Moves for 15 June 2015 | Who’s switching jobs June 14, 2015 Zeus Capital The investment bank has appointed Phil Walker as head of healthcare corporate finance. He was most recently executive director in corporate finance at Nomura Code Securities, a boutique investment banking firm he co-founded. Walker has also held roles at WestLB Panmure and Panmure Gordon. Charles Stanley Ben Money-Coutts has been appointed chief financial [...]
HSBC lays down the gauntlet to George Osborne on bank levy as it mulls exit from UK June 9, 2015 HSBC moved a step closer to leaving the UK yesterday, piling pressure on chancellor George Osborne to take action to persuade the bank to stay. Chief executive Stuart Gulliver set out details of HSBC’s review of the location of its headquarters, looking at 11 different criteria, including taxes, the government’s attitude to finance, and [...]
Check out Virgin Money’s Sex Pistols credit cards June 9, 2015 "Cause I wanna be anarchy … it's the only way to be," sang punk band the Sex Pistols over thirty years ago. Now, though, it looks like their artwork will be gracing something vital to the smooth functioning of a modern society… Richard Branson-backed Virgin Money, which floated on the London Stock Exchange in November, has unveiled [...]
City Moves for 08 June 2015 | Who’s switching jobs June 7, 2015 Dalriada Trustees The independent trustees firm has appointed Richard Favier as a trustee representative. He is a former head of restructuring and insolvency at the Pension Protection Fund, and left the PPF to set up his own consultancy in 2013. Favier is a member of the International Insolvency Institute. Arthur J Gallagher The international division [...]
The Premier League will have no sponsor for a season after failing to find £60m backer June 5, 2015 The Premier League will be without a title sponsor for a season after it parts ways with current backer Barclays next year. Read more: Fifa sponsors celebrate Sepp Blatter resignation The competition reportedly wants to be known simply as "The Premier League", replicating the "clean" brand image seen in American sports such as the NFL [...]
Worldpay is set to float June 4, 2015 THE OWNERS of payments processing company Worldpay are getting ready for a £6bn stock market listing, hiring six banks to lead the initial public offering (IPO). Sky News first reported that Worldpay’s owners, Advent International and Bain Capital, are close to appointing Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley as global co-ordinators [...]