City Moves for 10 December 2015 | Who’s switching jobs December 9, 2015 DELOITTE Business advisory firm Deloitte has appointed Andy Lees as a partner in its financial services team. He joins from Capgemini, the French management consulting corporation, where he was UK chief executive of its financial services business. Prior to this, Andy worked for Atos Consulting as a managing partner, after spending many years at KPMG [...]
Two top financial regulators to be grilled by MPs over the collapse of HBOS December 8, 2015 Two of the City of London's top financial regulators are to be grilled by MPs next Tuesday over their report into the failure of HBOS. The House of Commons Treasury Select Committee will question Andrew Bailey, the Prudential Regulation Authority's (PRA) chief executive and Sir Brian Pomeroy, a non-executive Financial Conduct Authority (FCA) director. The [...]
The case for keeping performance evaluations: Dispensing with ratings will make it harder to issue bonuses December 8, 2015 In July, Accenture announced that it would be scrapping performance evaluations in favour of continuous feedback. “Imagine, for a company of 330,000 people, changing the performance management process — it’s huge,” chief executive Pierre Nanterme told the Washington Post. Accenture’s change in policy is representative of a wider corporate shift away from expensive and [...]
UK retail sales: Online Black Friday bonanza steals limelight away from the high street December 8, 2015 High street retailers lost out in November, with sales falling into the red, as online retailers enticing shoppers with Black Friday bargains stole the show. Like-for-like retail sales fell by 0.4 per cent last month compared with November last year, when they had increased 0.9 per cent from the preceding year, according to figures released [...]
Permanent placements rocket up at their fastest rate for seven months while pay also increases December 7, 2015 Permanent job placements rose at their fastest rate for seven months in November, while pay also increased. According to a survey out today by the Recruitment and Employment Confederation (REC) and KPMG, 38 per cent of recruiters said they had placed more permanent staff during November than they did the month before, compared to 27 [...]
City Moves for 30 November 2015 | Who’s switching jobs November 29, 2015 LEGAL & GENERAL INVESTMENT MANAGEMENT REAL ASSETS The investment manager has announced three appointments to its research team. Declan O’Brien (pictured) joins as infrastructure strategist from Moody’s Investors Service, where he was an assistant vice president within project and infrastructure finance. Enrico Faccioli joins as research analyst. He is a recent graduate of Warwick Business [...]
Four partners at KPMG Belfast office arrested and put on leave as HMRC starts investigation November 26, 2015 Four partners at the Belfast offices of KPMG have been arrested after HM Revenue and Customs (HMRC) started an investigation. Representatives from the tax authority visited the offices of the big four firm yesterday. It is understood the partners involved are Jon D'Arcy, Eamonn Donaghy, Arthur O'Brien and Paul Hollway. Donaghy is the head of KPMG's [...]
Unlocking the real potential of big data – ACCA Comment November 19, 2015 We are right in the middle of the “big data revolution”. There is a global consensus on the importance of big data and the benefits that come from harnessing its massive power. So much so, in fact, that firms aren’t afraid to fork out serious levels of investment to keep up. A survey of [...]
Recruitment industry now worth £31.5bn, up nearly 10pc from the year before, but skills shortages could create problems November 19, 2015 Recruitment is now a £31.5bn industry, up 9.7 per cent compared to last year. According to a report released today by the Recruitment and Employment Confederation (REC), recruiters placed 634,000 people in a permanent post over the last year, and have helped 4m workers find a permanent role since the recession. Also, 1.2m people were [...]
City Moves for 19 November 2015 | Who’s switching jobs November 18, 2015 EY The professional services firm has appointed partner Gareth James to head up its data and analytics practice within its UK and Ireland assurance business. He joins after 18 years at Deloitte, where he was a UK risk analytics partner since 2011, specialising in and leading on audit and finance analytics. Silicon valley bank The [...]