Barclays mulls an investment bank salary cut October 29, 2012 INVESTMENT bankers are set to take another blow as Barclays considers cutting their basic salaries, joining the industry-wide flood of firms reducing pay and headcount levels. And recruitment specialists say any Barclays staff affected will have no choice but to grit their teeth and bear it, as they have few options elsewhere in the sector. [...]
London looks to Africa to bolster flotation activity October 25, 2012 With all the nervousness about governance issues at Russian companies wishing to list their shares in London, and with Nat Rothschild’s London-listed Indonesian venture Bumi seemingly ending in tears, now is perhaps not the best time for the London Stock Exchange to be hosting a conference about the opportunities in Africa for investors. In theory [...]
Murder most mysterious in the Guildhall’s library October 25, 2012 GUESTS at The Game quiz evening, held in aid of St John’s Ambulance, were happily wining and dining in the Guildhall’s Great Hall on Wednesday when their supper was disturbed by a mysterious murder in the library. Donning forensic suits, teams from firms including KPMG, Investec, Hogan Lovells and Ernst & Young boldly set out [...]
Advisers Deutsche bank October 25, 2012 JAMES AGNEW DEUTSCHE BANK Deutsche Bank and UBS are acting as joint lead managers and joint bookrunners on the placing. The team from Deutsche Bank was led by James Agnew, chairman of UK corporate broking. Agnew has been with Deutsche Bank for 10 years, having previously been head of corporate broking at Merrill Lynch. He [...]
Who’s switching jobs October 22, 2012 Baird Jonathan Bourn has been appointed managing director in Baird’s European investment banking team. He was previously a partner at AAC Capital. Bourn has also held roles in Credit Suisse First Boston’s acquisition and leveraged finance group. Allianz Global Corporate and Specialty The insurance firm has appointed Elke Vagenende as head of product development, financial [...]
City Moves | Who’s switching jobs October 21, 2012 KPMG Michael Anderson has been appointed to the newly-created role of head of direct tax litigation at KPMG in the UK. He joins from Dorsey & Whitney, the US law firm, where he was a partner in its tax litigation team. Anderson has specialised in the area for 10 years. RBC Wealth Management The wealth [...]
City Moves | Who’s switching jobs October 18, 2012 Barclays Mike Rigby has been appointed head of manufacturing, transport and logistics in Barclays’s corporate banking division. He joined the bank in 2008, and was previously corporate director in the manufacturing team. Rigby has also held roles at HSBC. Ernst & Young John Clarke has been appointed partner in the professional services firm’s operational transaction [...]
City Moves | Who’s switching jobs October 17, 2012 RBS Invoice Finance James Shaw has been appointed head of portfolio, corporate at the invoice finance division of RBS. He joins from GE Capital, where he worked for 12 years. Shaw will be responsible for delivering audit and risk management to the firm’s corporate client base. Nomura Kaan Basaran has been appointed head of origination [...]
Chanel rescues Scottish Cashmere firm October 16, 2012 CHANEL yesterday announced it has acquired the Barrie Knitwear, the Scottish cashmere manufacturer, following the collapse of its owner Dawson International in August. The fashion house said the deal with administrator KPMG will safeguard the jobs of all 176 staff at the mill. It will also continue to make knitwear for other brands as well [...]
City Moves | Who’s switching jobs October 9, 2012 NGBI Private Equity David Turner has joined NGBI’s UK team as an investment manager. He qualified as an accountant with Grant Thornton before transferring into its corporate finance team, and was most recently a member of Experian’s corporate development office. Chadbourne and Park The law firm has announced that Silvia Fazio has joined the firm as an [...]