KPMG partner pay slides after challenging year December 11, 2019 Partner pay at KPMG UK fell seven per cent in 2018-19 after a year when the firm strove to deal with the fallout from a series of scandals. In the year to 30 September, KPMG average partner pay fell to £640,000 from £690,000 the previous year. Profit before taxation and members’ profit shares fell nearly [...]
City Moves for 9 December – Who’s switching jobs at Duff & Phelps, Ironveld and Nomura? December 9, 2019 Today’s City Moves includes Duff & Phelps, Ironveld and Nomura Duff & Phelps Global advisory firm Duff & Phelps has announced the appointment of Marcus Morton as managing director in the firm’s valuations advisory services practice in London. Marcus will focus specifically on the financial services sector. He has over 25 years of experience in [...]
Permanent job appointments fall due to political uncertainty December 6, 2019 The number of permanent job appointments dropped again last month as growth in the demand for staff fell to a ten year low due to political uncertainty heightened by the upcoming General Election. November’s drop in permanent appointments stretched the length of the decline to nine months, the longest period of contraction since the financial [...]
KPMG sells pensions arm in private equity-backed management buyout December 5, 2019 KPMG has sold its pensions arm in a management buyout backed by private equity firm Exponent. KPMG said today it had signed a conditional agreement to sell its pensions practice to Newco, which is backed by Exponent and KPMG’s 20 pensions partners. All 20 partners and 500 staff will transfer to the new business, which [...]
How can banks factor in climate change without damaging the economy? December 5, 2019 In a few weeks, we will get the results of the UK bank stress tests, which is a measure of our biggest banks’ ability to withstand the toughest of economic shocks. In 2021, these tests will include a scenario on climate change. The regulator wants to know that our biggest financial institutions really can weather [...]
Ex-Baker McKenzie boss admits sexually harassing lawyer ‘half his age’ December 4, 2019 The former London managing partner of Baker McKenzie Gary Senior today admitted sexually harassing a lawyer “half his age” in 2012. Senior has been accused of breaching professional standards after sexually harassing a junior lawyer (Person A) after a night of drinking and then allegedly interfering in the internal investigation into the incident. Senior was [...]
City of London Corporation puts up posters in City pubs in bid to combat sexual harassment December 3, 2019 The City of London Corporation is set to be the latest square mile institution to campaign against sexual harassment in the financial industry. The Reframe the Night Campaign will feature 600 posters at various City venues that are adorned with phrases traditionally used to excuse sexual harassment. Read more: Lloyd’s of London to put up [...]
Junior lawyer felt ‘cast aside’ by Baker McKenzie after alleged sexual harassment December 3, 2019 A junior lawyer who was allegedly sexually harassed by Baker Mckenzie’s former London managing partner Gary Senior said she felt like she was “cast aside” by the firm following the incident in 2012. Giving evidence to the Solicitors Disciplinary Tribunal today, the lawyer (known as Person A), said: “My feeling at the time was I [...]
Baker Mckenzie boss ‘propositioned’ junior lawyer at 3am after night of drinking December 2, 2019 Former Baker Mckenzie London managing partner Gary Senior propositioned a junior lawyer at 3am after asking her to stay behind in his hotel room, a tribunal heard today. The incident took place in 2012 but was hushed up by the firm, with Senior keeping his job and the junior lawyer (Person A) leaving with a [...]
People from all backgrounds deserve the opportunity to succeed in our capital December 2, 2019 As we draw closer to the end of another momentous year in politics, it’s a time to reflect and look forward to the future. With all the Brexit noise, social mobility is one of the many issues that just hasn’t had enough airtime recently. Too often, people from less financially advantaged families lack opportunities, and [...]