HSBC gets competitive at Corporate Challenge July 8, 2015 HSBC was determined to get a good result in the JP Morgan Corporate Challenge race yesterday, entering almost twice as many runners in the race as any other firm. The JP Morgan Corporate Challenge, an annual series of 5.63 km races organised by the firm that promote “fitness in the workplace”, saw its biggest turnout [...]
City Moves for 09 July 2015 | Who’s switching jobs July 8, 2015 Markel International The insurer has appointed David Sawyer as senior underwriter and head of professional indemnity in its professional and financial risks division. He joins from Travelers Insurance Company, where he was responsible for running its professional indemnity portfolio. Axa Investment Managers Paul Squires has been promoted to global head of trading and securities financing [...]
Alternative finance in Asia: Cambridge’s Robert Wardrop on this exciting, untapped market July 8, 2015 Alternative finance is a growing business in the West. In 2014, UK peer-to-peer and crowdfunding platforms made £1.74bn available to firms and individuals, with growth of 168 per cent in Britain and 144 per cent across Europe. But what does the landscape look like on other continents? Set to be published by the end [...]
How the chancellor used his new-found luck: Easing the squeeze on public services July 8, 2015 GEORGE Osborne has not, up to now, been a very lucky chancellor. He inherited a huge fiscal deficit and has presided over a recovery that, in the early years, repeatedly disappointed. Initial plans to eliminate the deficit over the life of the last Parliament morphed, year by year, into plans to halve the deficit over [...]
July Budget 2015: Here’s what analysts said about George Osborne’s slashed corporation tax and abolished non-dom status July 8, 2015 George Osborne promised that his would be a “budget for working people” as he presented the first Conservative Budget since 1996. But how did he deliver on this promise for the financial industry? And how has the industry received the Budget? Here’s what analysts and firms are saying. Osborne’s Budget included several points of particular [...]
July Budget 2015: Pressure mounts on government to back a living wage July 5, 2015 Raising the minimum wage to the so-called “living wage” would lift 6m people out of poverty and generate more than £4bn of additional revenue, according to a new report out today from KPMG. The living wage, as defined by the Living Wage Foundation charity, is £7.85 per hour nationally and £9.15 in London. The national [...]
George Osborne’s marginal revolution: Why Britain’s top rate of tax is unsustainable July 1, 2015 The so-called marginal revolution in economics occurred in the nineteenth century. George Osborne’s marginal revolution in taxation needs to start next Wednesday, with decisive steps towards a more sensible tax system. In many ways, next week’s Budget will reveal the real Osborne. Freed from the shackles of coalition politics, will we see a markedly free [...]
City Moves for 29 June 2015 | Who’s switching jobs June 28, 2015 Deloitte Richard Wood has been appointed senior adviser in the professional services firm’s private client and family office team. He was most recently head of real estate within UBS’s wealth management division. Wood has also held roles at Knight Frank, Cazenove and Arbuthnot Securities. Berenberg The private bank has appointed Dr Manfred Schlumberger as chief [...]
City Moves for 26 June 2015 | Who’s switching jobs June 25, 2015 Baker Tilly The professional services firm has appointed Kenny McLean as a director in its consulting practice. He joins from Certeco, where he was a director overseeing client change programmes. McLean has also held roles at KPMG, IBM, SAP and EDS. CBRE The commercial real estate services and investment firm has announced two appointments to [...]
City Moves for 17 June 2015 | Who’s switching jobs June 16, 2015 CRUX Asset Management The fund manager has appointed Karen Zachary as chief operating officer. She has 20 years’ experience in asset management, and has held positions at Henderson Global Investors, Man Group, Fidelity International and New Star Asset Management. EY Chris Gould has been appointed partner and head of the professional services firm’s cybercrime team [...]