Customers are flocking towards new banking tech like apps and contactless payments according to a BBA report July 22, 2016 Consumers are flocking towards new banking technology, according to a new report, with mobile banking apps now being used more than 7,500 times a minute. Figures published by the British Bankers Association today show a dramatic rise in account holders using their mobiles to access their money. Mobile apps are now used more almost three times more commonly [...]
City Moves for 20 July 2016 | Who’s switching jobs July 20, 2016 Coople Coople, the on-demand staffing platform, has appointed Jacques de la Bouillerie as its new UK managing director. Jacques joins Coople with over 15 years’ extensive experience with business transformation and leadership in companies at various stages of development, ranging from very early stage through to fast growing to maturity. He was previously heading up [...]
Embrace culture to boost your business, new report tells the boardroom July 20, 2016 Boardrooms need to focus their efforts on instilling the right culture to protect their business interests and boost their bottom lines, a report out today argues. Based on discussions with chairmen, chief executives, investors and stakeholders, the research from the Financial Reporting Council (FRC) made seven key observations which needed to be acknowledged to improve [...]
The chief executive of Sempertex explains how he came to head up the third-largest latex balloon manufacturer in the world July 18, 2016 Before his “epiphany” in 1978, Oswald Loewy had been studying chemical engineering. “One day, I suddenly realised that it was time to return home and work in the family business. My father was unwell and, although I’m one of seven, I was the eldest – the others were too young to help.” Now middle-aged, the [...]
Airbnb your house: Here’s how much Londoners could be making from the sharing economy July 13, 2016 The sharing economy is growing faster in Britain than anywhere else in Europe. As it has become more expensive to own cars, homes and even electrical equipment, more of us are seeing the advantages of monetising our idle assets. PwC estimates that transactions on platforms in the five biggest sharing economy sectors almost doubled in [...]
City Moves for 13 July 2016 | Who’s switching jobs July 13, 2016 Deloitte Deloitte has appointed Stephen Rees as a real estate senior advisor in its private client and family office group. Stephen will support family offices wishing to access UK commercial real estate, and provide a strategic and execution role as families continue to seek alternative investment opportunities in the UK. Stephen started his career at JLL, where [...]
Here’s how UK fintech’s rallying action in a post-Brexit no-man’s land July 10, 2016 London's fintech industry is rallying to action after the vote for Brexit in a bid to alleviate the fears of startups, along with their investors and supporters, over issues such as capital, market access and talent. The industry is already formulating a plan in the face of overwhelming uncertainty and a lack of clarification from political leaders on [...]
714 new partners worldwide for Big Four firm EY, with a focus on emerging markets and women July 5, 2016 Big Four firm EY announced today that it had promoted 714 to partner worldwide, with women and those from emerging markets accounting for a substantial chunk of the number. Over a third (35 per cent) of the new partners came from emerging markets, while just less than three in 10 (29 per cent) were women. The [...]
Companies aim away from junior market flotations amid Brexit uncertainty July 4, 2016 The London Stock Exchange’s alternative investment market (Aim) has shrunk by 60 companies in the last year, according to new research. In the year to June, there were 40 new entrants onto the market, while 100 exited. In the same period across 2014 and 2015, there were 70 new listings and 100 delistings. UHY Hacker Young’s research [...]
City Moves for 1 July 2016 | Who’s switching jobs July 1, 2016 UniCredit UniCredit, Italy's biggest bank by assets, has appointed Jean Pierre Mustier as CEO. Jean Pierre began his career at Societe Generale where he held various positions from 1987 to 2009. In 2003, he was appointed head of Societe Generale’s corporate and investment banking division and member of the bank’s executive committee. From 2011 to [...]