City Moves: Who’s switching jobs in the Square Mile this week? May 25, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BDO Accountancy and business advisory firm BDO has bolstered its audit practice with a new partner, who joins from EY. Rida Rahmani brings more than 15 years of experience to the international audit team. “Rida’s experience of working with clients but also her [...]
Deloitte, KPMG, PwC and EY push further into India as all Big Four firms go on aggressive hiring spree May 19, 2022 The big four professional services firms—Deloitte, KPMG International Coop (KPMG), PricewaterhouseCoopers International Ltd (PwC) and Ernst & Young Global Ltd (EY)—seem to be focusing on India for recruitment since the start of 2022. Among the four, EY had the highest job postings for India during the first qaurter, followed by Deloitte, PwC, and KPMG, respectively, [...]
CVC pulls back from IPO as turbulence hits May 11, 2022 Buyout giant CVC Capital has pushed back a planned move onto the public markets this year as market turmoil continues to take its toll on IPO activity.
Chartered Management Consultancy Award (ChMC) helps retain and attract the most talented management consultants May 9, 2022 Demand for management consultancy services continues to grow at historic levels. Last year’s growth rate for the sector of 16 per cent is forecast to be followed by a 13 per cent expansion this year as clients continue to turn to consultants during a critical period to drive growth, digital transformation and help them to [...]
Coy consumer ‘raises the risk’ of UK recession May 9, 2022 The risk of the UK being thrown into a recession is building, according to closely watched forecasts published today that chime with the Bank of England’s recent contraction warning. Households leaving their £180bn pandemic savings war chests largely untouched in the face of greater uncertainty “raises the risk of recession,” according to new forecasts by [...]
City Moves: Who’s switching jobs in the Square Mile? May 5, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Kingswood Wealth and investment management group Kingswood Holdings has hired an EY veteran as a technology transformation lead to develop the firm’s recently launched online client portal. Christopher Calvocoressi, who joins from Schroders Personal Wealth, will be [...]
Government bans services exports to Russia – but UK lawyers excluded May 4, 2022 Ministers have announced a ban on services exports to Russia, including management consulting, accounting and public relations but excluding legal professions. In the latest tranche of sanctions from foreign secretary Liz Truss, Russian businesses will no longer be able to do businesses with UK professional services firms. Many businesses have already cut connections with the [...]
Brits cling onto pandemic savings amid economic uncertainty May 4, 2022 Brits are clinging on to their pandemic saving war chests in a sign that the UK could be headed toward a recession this year, reveals official figures published today. Rampant inflation is failing to push households into drawing down money set aside during lockdowns, suggests data from the Bank of England. Savings – including those [...]
Cost of living crunch to deliver shock to UK households’ balance sheets May 4, 2022 Households’ balance sheets are set to be tainted by problem debt this year, driven by the worsening cost of living crunch forcing Brits to turn to credit cards to pay bills, reveals fresh analysis published today. Accelerating inflation over the course of this year is likely to spark a jump in unsecured lending, credit that [...]
Finncap tops broker rankings amid intense market competition May 3, 2022 Mid-market advisory firm Finn Cap remains the top broker in the Broker AIM Client Rankings, despite losing nine customers.