City Moves for 16 March 2015 | Who’s switching jobs March 16, 2015 Axa Assistance UK The assistance services firm has announced the appointment of Anthony Bradley as chief financial officer. He joined Axa Assistance UK in 2002, and has served as underwriting analyst, senior finance analyst, financial controller, and most recently as deputy chief financial officer. Covington & Burling The law firm has announced the appointment of [...]
IonStar founders Liz and Tim Hughes talk connecting City talent, lifeboats, piano lessons and how to make a real difference March 15, 2015 Like most couples, Tim and Liz Hughes got to the stage in life where they wanted to start a family. The challenge they faced was that, as successful professional people, they wanted to make the most of their skills and abilities – but also their family life. “Throughout my career, I’ve watched women above me [...]
Antofagasta in water deal with Los Pelambres mine protestors March 12, 2015 Shares in mining firm Antofagasta were up by 1.36 per cent yesterday, after it announced an agreement had been reached with protestors who were blocking access to its operation at the Los Pelambres mine in Chile. Normal operations are set to resume in the next few days. Protests have been ongoing at the site since [...]
Apprenticeship Week: We can celebrate a revolution in the UK’s skills market March 12, 2015 As many of us look forward to the weekend, I’m here reflecting on the eighth National Apprenticeship Week and the hundreds of events that have taken place across the capital, recognising how apprenticeships have transformed the skills market in the UK. As the mayor’s ambassador for training and enterprise, and as head of emerging talent [...]
Cheltenham Festival 2015: When the City has a break to enjoy a flutter March 10, 2015 A record-breaking crowd of more than 63,000 people descended on Cheltenham yesterday for the opening of the famous horse racing festival. Several notable individuals from the City made the two-hour journey, including renowned founder of Collins Stewart Andy Stewart and ex-Barclays banker Rich Ricci, both of whom have horses racing throughout the week. Other [...]
From Standard Chartered to Prudential: Changing the guard at banks – Bottom Line March 10, 2015 When floods of bosses quit, you should normally be worried. Think of the financial crisis, or the heads that rolled in the wake of the Libor scandal. But this time it is different, and that is surely a good sign. The Pru’s boss has unexpectedly quit, to replace Brady Dougan as the head of Credit [...]
Analyst predicts Barclays will cut investment arm March 10, 2015 Barclays will struggle to reform its investment banking operations, and could have to announce a series of major cuts to the unit, Macquarie analyst Ed Firth predicted yesterday. Chief executive Antony Jenkins and finance boss Tushar Morzaria last week committed to the arm’s future in the bank, but did note that more changes would be [...]
Apple Watch: This is what luxury watch stocks are doing after Apple’s smartwatch launch March 10, 2015 After the fanfare of the Apple Watch, stocks in the world’s traditional luxury watchmakers dipped lower as the historic industry faces up to the modern age. The Swiss watch industry, where the majority of luxury watches are made, exported 28.6m units in 2014, while analysts are predicting challenger Apple (in the watch arena at least) will [...]
Institute of Directors presses for chair of Barclays’ pay board Sir John Sunderland to go March 9, 2015 Investors and business groups attacked Barclays’ long-serving director Sir John Sunderland yesterday, accusing the bank of failing to honour a pledge to replace him as chairman of the remuneration committee. Last April, Barclays said that Sunderland would leave the bank “at a date to be agreed”, and would be replaced by Crawford Gillies. But 11 [...]
Cheltenham festival bookies beware: Rich Ricci is back March 9, 2015 The sight of former Barclays banking supremo Rich Ricci may still spark panic in the upper echelons of the bank’s new right-on family. But there’s one tribe which may be even more nervous about Ricci’s presence – the bookies. That’s because horse-loving Ricci has three favourites running today at the start of the Cheltenham festival [...]