Massive surge in salary increases contradicts government figures July 7, 2014 New salaries are surging, according to a major survey of recruiters, clashing with the government’s official measure of wage growth and providing an uncertain signal on when interest rates will start to rise. The latest figures from the Recruitment and Employment Confederation (REC) and KPMG’s survey show starting salaries climbing at the fastest pace in [...]
Pour de France: London battles rain to take in race through City July 7, 2014 At approximately 3.30pm yesterday, work in the City and Canary Wharf came to a grinding halt as bankers shuffled out on to the streets to get an oh so fleeting glimpse at Le Tour. The race was held up by roughly half an hour and there was a bit of grumbling as the heavens opened [...]
City Moves for 24 June 2014 | Who’s switching jobs June 23, 2014 Colliers International Chris Monkhouse has been appointed as a director at the commercial real estate services firm, and will head up its minerals, energy and waste management team. Monkhouse joins from GVA, where he spent 12 years. Gazprombank Asset Management Igor Kan has been appointed vice-president and head of structured products for portfolio management and [...]
Banks second only to e-tailers for good service June 23, 2014 CUSTOMER service at banks around the world appears to be better than many people would think, after being placed second in a report of various industries – although for UK banks there was less happy news as they were found to have lagged behind other regions. Some 40 per cent of global respondents said they [...]
Fog of red tape to clear up for fund managers June 23, 2014 THE PACE of regulatory change in fund management is slowing, despite growing scrutiny of the sector’s role in shadow banking, a flagship regulation report released today says. A raft of post-financial crisis regulations have been inked over the past 12 months, giving managers greater certainty on what is expected of them, KPMG says in its [...]
Optimism about London’s economy grows – and east is where it’s at June 19, 2014 Optimism about London's economic growth remains high, according to a business survey by CBI and KPMG. Although a slight decline from last year's 70 per cent, it showed that 65 per cent of businesses are currently positive about the future of the economy, with 79 per cent rating London as a good, or very good, [...]
London’s firms look to tech for future growth June 18, 2014 Technology and creative industries, along with professional and financial services, coming out of Canary Wharf, the Royal Docks and Stratford will drive London’s growth over the next five years, according to the latest survey from the Confederation of British Industry (CBI). Nearly 70 per cent of London’s businesses believe that the technology and creative industries [...]
City Moves for 19 June 2014 | Who’s switching jobs June 18, 2014 KPMGThe professional services firm has appointed Steve Labrum as financial services transfer pricing partner. He was previously global head of transfer pricing at Alvarez and Marsal, and has also held senior positions at EY, Deloitte and PwC. JP Morgan Private BankEdward Novis has been appointed as an executive director and senior investor for the private [...]
Wonk Wars round two: How much are wages really growing? June 18, 2014 The Bank of England may have inadvertently set off a dormant friction between the Office for National Statistics (ONS) and other private forecasters, which began about six months ago, with this simple line in the latest minutes of the Monetary Policy Committee (MPC). Average Weekly Earnings (AWE) growth had slowed unexpectedly in March. There [...]
City Moves for 17 June 2014 | Who’s switching jobs June 16, 2014 Baker Tilly David Gwilliam has been appointed UK chief operating officer by the professional services firm. Gwilliam has been a partner with Baker Tilly for 17 years, and regional managing partner for the London region for the last four. His international services career spans over 20 years. JP Morgan Asset Management John Bilton has been [...]