City Moves for 06 January 2015 | Who’s switching jobs January 5, 2015 Stanhope Capital The investment office has announced the appointment of Charles Mesquita as a senior director in its charity team. He has over 25 years’ investment experience, and has previously held positions at Newton Investment Management and Rensburg Sheppards (now Investec). Simmons & Simmons Matthew Pitman has been promoted to partner at the law firm. Based [...]
Is 65 too young? London professionals retire later than those in the rest of the UK December 18, 2014 Professionals in London are increasingly likely to believe that a retirement age of 65 or below is too young, according to an Investec Private Bank study published yesterday. Across the country, 72 per cent of professionals think it is appropriate to retire between 60 and 65. By contrast in London, only 51 per cent [...]
Investec issues apology to Benjamin Lawsky after analyst Ian Gordon’s Eric Garner gaffe December 10, 2014 South African bank Investec gave US regulator Benjamin Lawsky a grovelling apology last night, after one of its analysts compared Lawsky’s actions against Standard Chartered to the treatment of Eric Garner – an unarmed black man who died at the hands of police officers in America. At a time of inflamed tensions over police behaviour in the [...]
Former Quindell chair slashes his share holdings December 10, 2014 SHARES of embattled insurance outsourcer Quindell lost over a quarter of their value yesterday after founder and former chairman Rob Terry sold off most of his remaining stock. Since April, when mysterious US short seller Gotham City Research published a note questioning its business and profits, shares in the company have lost more than 80 [...]
Investec “I can’t breathe” research note comparing Eric Garner’s death to bank’s regulatory woes provokes angry reaction December 10, 2014 The dying words of Eric Garner, whose untimely death has sparked a wave of protests across the US, have become a rallying cry for millions of Americans protesting against US police tactics. But it is not a phrase that banks should be using to discuss corporate research, brand and marketing professionals said yesterday. “I can’t breathe,” [...]
City Moves for 11 December 2014 | Who’s switching jobs December 10, 2014 Baringa James Belmont joins the management consultancy as director of its new risk analytics service. Belmont has over 15 years’ experience in consultancy and industry, and has held senior positions at Barclays, Alliance & Leicester and PA Consulting. Linklaters The law firm has appointed Scott Campbell as managing partner for the United Arab Emirates. The [...]
City Moves for 09 December 2014 | Who’s switching jobs December 8, 2014 TSP The commercial property agency has announced two promotions. Jonathan Vanstone-Walker becomes director of surveying & agency. He joined TSP in 2011. Abigail Bridgland (pictured) becomes senior associate surveyor. She has been at the firm for two years. State Street Matt Davey has been appointed senior vice president and head of the asset manager client [...]
Autumn Statement 2014: Chancellor bids to get banks to pay tax quickly December 3, 2014 Britain's biggest banks will have to pay their taxes more quickly under new accounting rules brought in by the chancellor yesterday, bringing in an extra £3.5bn over the next four years. Lenders which made huge losses in the financial crisis are still offsetting current profits against those costs. The chancellor said he does not [...]
Bank lending down despite fund injection November 27, 2014 BANK lending to businesses dived again in the third quarter, the Bank of England said yesterday, despite the economic recovery. Institutions drew down almost £2bn from the Funding for Lending Scheme (FLS) in the three-month period – cheap funds intended to spur the provision of credit to businesses. But net lending to firms fell by [...]
City Moves for 27 November 2014 | Who’s switching jobs November 26, 2014 Silicon Valley Bank The bank has appointed Wibke Pendse as managing director of private equity finance and banking for the UK. She transfers from Silicon Valley Bank in the US, which she joined in 2010. Pendse has also held roles at Square 1 Bank and Comerica Bank. Old Mutual Global Investors The asset manager has [...]