CITY MOVES | WHO’S SWITCHING JOBS July 16, 2012 Pioneer Investments The investment management group has appointed Neal Jenkins as head of sales, Middle East, Central Asia and Africa. He joins from Janus Capital, where he was head of Middle East and Africa business. Jenkins has over 20 years’ financial markets experience, and previously worked at Merrill Lynch. KPMG Tom Brown has been appointed [...]
CITY MOVES | WHO’S SWITCHING JOBS July 11, 2012 iCon Infrastructure The infrastructure-focused investment firm has appointed Daniel Hales as its director of finance. He most recently worked as group finance controller and director of compliance at RCP Capital Group, the investment firm. Hales has also previously held roles at Goldman Sachs and KPMG. Kleinwort Benson Malcolm Roberts has been appointed managing director of [...]
Rain washes away June’s retail gains July 9, 2012 THE DIAMOND Jubilee and warm spell at the start of June gave retailers a great start to the month, according to industry data out today – but that rapidly disappeared as bad weather took over. Total retail sales were up 3.5 per cent compared with June 2011, while like-for-like sales – those covering the same [...]
Bankers and graduates hit with crashing wages and less hiring July 8, 2012 WORKERS are taking a hammering as appointments collapse and wages stagnate, according to recruitment industry research published today. Permanent placements slumped in June – the first fall in six months and the quickest drop for three years, the Recruitment and Employment Confederation (REC) and KPMG report on jobs showed. The index crashed from 51 in [...]
Fraud total down but computer crime is the new battleground July 8, 2012 FRAUD dropped massively in the first half of this year but worryingly is mainly perpetrated by management, says research released today by KPMG. Fraud figures fell from £1.1bn during the six months to June 2011 to just £374m in the same period this year – the lowest since the second half of 2006. Though this [...]
Sir Stelios calls for Rake’s head over the fiasco July 2, 2012 EASYJET founder Sir Stelios Haji-Ioannou yesterday weighed in to the furore surrounding the Barclays Libor-fixing scandal, calling for the head of Sir Mike Rake. Rake, the Barclays senior independent director who was yesterday promoted to deputy chairman, also serves as chairman of EasyJet. “As Mike Rake is chairman of the relevant audit sub-committee and a [...]
WHO’S SWITCHING JOBS June 28, 2012 BAE Systems Tom Arseneault has been appointed executive vice president, product sectors, and chief technology officer of the defence giant. He most recently served as president of BAE’s electronic systems sector, and joined the company in 2010. Additionally, Larry Prior, current executive vice president, service sectors, will become chief operating officer. Mercer Aled Jones has [...]
Asset managers face challenge of Solvency II June 25, 2012 ASSET managers face a culture shock following the implementation of the European Union’s Solvency II directive, according to research released yesterday by KPMG. The heavily trailed reforms will require insurers to hold increased levels of capital by 2014, as well as implementing an improved level of financial disclosure. But a report commissioned by the European [...]
WHO’S SWITCHING JOBS June 25, 2012 Edison Investment Research The investment research firm has made three appointments to its London team. Tom Carless joins as finance and operations director from 7city, a specialist financial training firm. He spent five years as finance director at Ovum. Additionally, Will Forbes and Zsolt Mester join Edison’s team of analysts, from Arc Asset Management and [...]
Tills ring again in May after discounting and summer sun June 21, 2012 RETAIL sales showed a sharp uptick in May compared to a year earlier, Office for National Statistics data released yesterday showed. The overall 3.3 per cent year on year rise was drive by increases in expenditure of 3.9 per cent on household goods, 0.7 per cent on textiles and most importantly 4.1 per cent on [...]