CITY MOVES | WHO’S SWITCHING JOBS February 6, 2011 Pinsent Masons The law firm has appointed Barry Vitou (pictured) to its dispute resolution team. He joins the firm from the London office of US firm Winston & Strawn, where he headed its regulatory and tech practice. He will be working with Danvers Baillieu, a senior associate advising on online and tech business issues. Vitou [...]
Pound jumps as City A.M. reveals more momentum behind rise in interest rates February 2, 2011 STERLING jumped to a three-month high against the dollar yesterday, after markets reacted to hawkish comments from Bank of England rate setters Andrew Sentance and Charles Bean. In an exclusive interview in City A.M. yesterday, Sentance suggested that the Bank’s monetary policy committee (MPC) was getting closer to a rise in interest rates as inflation [...]
Moulton’s Better Capital buys parts of Connaught February 1, 2011 VENTURE capitalist Jon Moulton has bought parts of collapsed housing repair group Connaught, as administrator KPMG nears the end of dismantling the firm. Moulton’s private equity group Better Capital said yesterday is will pay £15m to buy and restructure Connaught’s risk management subsidiary, which did not collapse but was held by KPMG as one of [...]
CITY MOVES | WHO’S SWITCHING JOBS January 30, 2011 KPMG Dr Nicola Mazzarotto (pictured) has been appointed as head of competition economics for financial advisory and accountants KPMG. The appointment means that he is now a director in the firm’s economics practice. He joins the firm from the competition commission, where he performed economic analysis for eight years on several high-profile mergers, including a [...]
KPMG delegate supports quota January 30, 2011 RACHEL Campbell, global head of human resources for KPMG and one of the firm’s delegates to the World Economic Forum, said that she supports the conference’s imposition of a quota for women this year. The quota required the event’s main sponsors to bring one female delegate among their five spots. “I’m supportive of the initiative [...]
Diary January 30, 2011 LIQUIDITY INFUSIONS Famous for the harsh schedule inflicted upon its toiling delegates, this year’s party merry-go-round at Davos was no exception. Drinks and well-watered dinners kick off from 6pm, with the central Belvedere hotel boasting around a dozen venues for simultaneous drunken revelry. They then proceeded to a collection of “nightcaps” at 10pm, and usually end [...]
Downturn for Adventis Health January 27, 2011 MARKETING and advertising company Adventis yesterday reported a “very considerable downturn” in its healthcare business, Adventis Health. “A number of anticipated contracts were either deferred or failed to materialise,” it said. “The board intends to instruct KPMG to conduct an investigation into these matters and general controls,” it added. Consolidated pre-tax profits for the year [...]
CITY MOVES | WHO’S SWITCHING JOBS January 27, 2011 Shire Global speciality biopharmaceutical company Shire has hired Emmanuel Chantelot, former executive director of the European Biopharmaceutical Enterprises (EBE), as director of European government relations and public policy. Chantelot brings 18 years of experience in policy advocacy, strategic communications and business interest representation towards the EU Institutions, global agencies and national governments. JP Morgan John [...]
Voluntary rules for auditors January 25, 2011 GOVERNMENT minister Ed Davey told a House of Lords inquiry yesterday that moves to make the “big four” auditors less dominant in the market should be voluntary before more regulation is tried. Davey, minister for government relations, said “demand-side” measures to help mid-sized audit firms to grow should take precedence over regulation to improve competition. [...]
CITY VIEWS: DO YOU AGREE THAT WE SHOULD USE MORE GM FOODS? January 24, 2011 MUSTAFA GHULAN LENDING & CREDIT OPERATOR “All our foods are supported by artificial ingredients to some extent. I tend to agreed with GM in developing countries, if it’s going to help supply food.” RICHARD SMITH UNIVERSITY OF BRITISH COLUMBIA “I would be fine with eating GM foods. It’s a matter of informing people about the [...]