City Moves for 09 October 2013 | Who’s switching jobs October 8, 2013 MacKay ShieldsThe fixed-income investment management firm has hired Matthew Nagele as managing director and head of distribution for the UK and Europe, the Middle East and Africa. He has previously held senior roles at Janus Capital Group and Old Mutual Asset Managers (UK). Jones DayThe law firm has announced the appointment of Michael Weir as a [...]
Bottom Line: There’s growth to be had away from big audits October 6, 2013 GRANT Thornton, like its mid-market rival BDO, has not pinned all its hopes on winning blue-chip audit work any time soon, despite the huge amount of noise generated by the Competition Commission’s plans to open up the market. And with a double-digit rise in revenues, the company doesn’t need to worry at the moment. Advisory [...]
City Moves for 3 October 2013 | Who’s switching jobs October 2, 2013 ICAEW The Institute of Chartered Accountants in England and Wales has appointed Liz Rylatt as executive director for finance, operations and members. Rylatt was a chartered accountant at KPMG before joining the BBC, where she was chief management accountant. Coutts The bank has hired Hans Prottey as a corporate finance specialist and executive director in its strategic [...]
Vatican bank reveals profit October 1, 2013 THE VATICAN bank, dogged for decades by scandals and opaque dealings, published the first annual report in its 125-year history yesterday. The report, audited by KPMG, covered 2012, a tumultuous year that saw its former president ousted in a boardroom battle. The bank reported a net profit of €86.6m (£72.3m), more than four times greater [...]
Dating group Cupid falls into the red on higher marketing costs September 24, 2013 CUPID yesterday said distractions had caused the online dating service to post a 56 per cent slump in underlying earnings to £2.6m for the first six months of the year. On a statutory basis, the firm slipped to a pre-tax loss of £2.8m, compared to a £3.6m profit last year. Revenues for the group rose [...]
Miliband wants to make City firms pay more September 22, 2013 IN BRIGHTON ED MILIBAND yesterday announced he would force employers that recruit foreigners to take on extra UK apprentices – and said he wants to make City firms pay a higher minimum wage than those in other sectors of the economy. Under the Labour leader’s plan, every time a company hires a non-EU migrant worker [...]
Funders need guarantees before they will invest in infrastructure September 18, 2013 BRITAIN is failing to build the infrastructure it requires because the government does not give enough clarity on what returns investors can expect, a new report will claim today. Private sector backers want to invest in new UK infrastructure but the government does not currently offer enough long-term assurances on the risks associated with individual [...]
Liberal think tank says HS2 may not be best way to spend £50bn September 17, 2013 POLITICIANS should reconsider whether High Speed 2 (HS2) is the best way to spend £50bn, according to a think tank closely associated with the Liberal Democrats. CentreForum’s Quentin Maxwell-Jackson, a former senior partner at KPMG, yesterday warned that the case for continuing with the project – which has been dogged by criticism over this summer [...]
City Moves for 18 September 2013 | Who’s switching jobs September 17, 2013 KPMG The professional services firm has announced the appointment of Sean Randall as head of its UK stamp taxes group. Randall spent the past eight years at Deloitte, where he specialised in stamp taxes. JP Morgan Private Bank Antoine Massoud has joined the private bank as a senior banker in its Middle East banking team. [...]
Coalition urged to dig deeper on infrastructure September 15, 2013 BUSINESSES want the government to work harder on getting big infrastructure projects off the ground, a poll of more than 500 firms out today shows. Company bosses are losing confidence in the coalition’s ideas for upgrading roads, railways and energy networks, with just 35 per cent now believing the upgrades will have a positive effect [...]