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 [...]
Big Four client numbers fall but FTSE 100 stranglehold remains December 2, 2019 The number of clients audited by the Big Four accountancy firms has fallen but they retain an iron grip on the FTSE 100, figures published today show. Figures from Adviser Rankings for the quarter to 6 November showed the number of stock market clients audited by PwC (353), KPMG (312) and Deloitte (225) all fell [...]
Better together: How media firms are teaming up to take on tech November 30, 2019 The media industry is in flux and embattled publishers and broadcasters are banding together. But will it be enough to fend off the might of big tech? In Succession, the hit HBO show about a crumbling media dynasty, virtually every conversation is a power struggle. But for ageing patriarch Logan Roy, a thinly-veiled Rupert Murdoch, [...]
Inside Amazon’s Black Friday operations hub: How the e-commerce giant prepares for its busiest day of the year November 29, 2019 Where could be a better place to witness the behind-the-scenes impact of Black Friday than at the heart of Amazon’s UK warehouse operations? Some of the credit – or perhaps, blame – for the annual shopping event’s popularity in Britain surely lies with the US e-commerce giant. The fulfilment centre – which is the size [...]