ADVISERS June 19, 2012 DAVID PATERSON HERBERT SMITH David Paterson, a partner and head of corporate at law firm Herbert Smith, was the lead legal adviser acting for Hammerson on the sale of its London portfolio. Paterson, who joined the firm in 1986, is longstanding adviser to Hammerson, acting on its £584m rights issue and on its conversion to [...]
WHO’S SWITCHING JOBS June 19, 2012 Houlihan Lokey The investment bank has appointed Kristian Terling as a managing director and head of Nordic coverage. He was most recently managing director and co-head of Nordic investment banking at Credit Suisse in London. Terling has also served as sector head in the corporate finance group at Handelsbanken Capital Markets, and started his career [...]
Eurozone threatens London’s optimism June 18, 2012 BUSINESSES in the capital are significantly more bullish about economic prospects than they were six months ago, a leading survey reveals today – although the Eurozone crisis is threatening to dampen the mood. Over four in 10 respondents from London firms reported a more optimistic outlook for the economy over the next six months, the [...]
CITY MOVES | WHO’S SWITCHING JOBS June 18, 2012 Duncan Lawrie Jane Parry has been appointed to the UK board of Duncan Lawrie Private Bank. She joined the business a year ago and is now director, head of marketing and new business development. Parry started her banking career at Barclays, where she became marketing director of Premier banking in 2006. She has also held [...]
Audit quality threatened by fee pressure June 14, 2012 PRESSURE to reduce fees poses a threat to the quality of British auditing, a leading member of the Financial Reporting Council (FRC) said yesterday, as the body issued its annual reports on the performance of the country’s four largest accountancy firms. Paul George, the organisation’s executive director of conduct, told City A.M.: “Commercial pressures run the [...]
CITY MOVES | WHO’S SWITCHING JOBS June 14, 2012 iCon Infrastructure Iain Macleod has been appointed as a partner at the investment firm, effective July 2012. He joins iCon’s private institutional European infrastructure team from Deutsche Bank, where he served as head of transportation and infrastructure for Europe, Middle East and Africa, and head of mergers and acquisitions for Asia. International Standard Asset Management [...]
Big four auditor to head up new City regulator June 11, 2012 THE OUTGOING chairman of professional services firm KPMG was yesterday named as the first chairman of one of the new City watchdogs. John Griffith-Jones will head up the Financial Conduct Authority (FCA) – one of two new regulatory bodies that will be created when the Financial Services Authority is replaced early next year. Ahead of the switchover, Griffith-Jones [...]
PROFILE: JOHN GRIFFITH-JONES June 11, 2012 KPMG veteran John Griffith-Jones is leaving behind a career spent at the big four auditor to make a sideways leap into regulation – where he could end up supervising many of the financial clients he has worked with during his 38 years at the firm. Griffith-Jones, who has twice sat on the judging panel for [...]
World’s airlines are poles apart as turbulence hits the Eurozone June 11, 2012 AIRLINES around the world are braced for the Eurozone’s turmoil to threaten profits and even claim the scalp of some firms. The International Air Transport Association (IATA) left this year’s global airline profit forecast unchanged at $3bn (£1.93bn), or 0.5 per cent of industry revenues. But this stable outlook fails to show the widening gulf [...]
Green shoots for jobs in the City in spite of Eurozone’s worries June 11, 2012 RECRUITMENT in the City and throughout the UK is defying the gloomy economic outlook despite increasing worries over a crisis in the Eurozone. London’s financial sector boosted the number of jobs available in May by 17 per cent compared to April, according to a Morgan McKinley survey released this morning. And three quarters of workers received [...]