What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
KPMG to pay undergraduates January 13, 2011 School-leavers could be paid upwards of £20,000 a year while they study at university, in a landmark scheme launched by KPMG yesterday. The programme is the latest attempt by Britain’s leading accountancy firm to capitalise on anxiety over rising university fees. High-achieving school graduates who commit to a six-year training contract will be put through [...]
City responds to calls to make a commitment to personal finance January 12, 2011 SINCE the launch of City A.M.’s Campaign for Financial Literacy yesterday, the number of positive responses received from City firms that are already engaged in education initiatives has been incredibly encouraging. Financial planners Killik, for example, has been developing a web-based tutorial known as Money in Mind. The site uses simple graphics and language to [...]
CITY MOVES | WHO’S SWITCHING JOBS January 10, 2011 KPMG Bob Pringle (pictured), has been appointed head of equity capital markets at KPMG, joining the company from Hoare Govett. In addition, the company has hired Jonathan Coddington and James Murray as partners. Coddington moves over from Hawkpoint and will be working on KPMG’s healthcare deals team, while Murray comes to the firm from Rothschild [...]
Taxpayers bear brunt of fraud January 9, 2011 Taxpayers bore the brunt of a huge increase in fraud last year, with the public losing nearly £600m, according to KPMG. In a year which saw the highest level of fraud since the accountant’s Fraud Barometer began 23 years ago, the cost to victims was almost £1.4bn. The number of recorded cases last year rose [...]
CITY MOVES | WHO’S SWITCHING JOBS January 6, 2011 Syndicate Asset Management The fund management group has promoted Jeremy Rance to the role of chief operating officer for the group. He will now be in charge of organising operational performance across all of the group’s subsidiaries. He joined the company in June last year at its subsidiary Ashcourt Rowan, having previously worked at Barclays, [...]
FRESH HOPE FOR PONTIN’S January 5, 2011 UK HOLIDAY camp firm Pontin’s has attracted ten offer approaches since going into administration, accountants KPMG said yesterday. KPMG, appointed as administrators in November, said the majority of the offers were from parties keen to continue operating the business as a going concern. But in a blow to unsecured creditors, KMPG said there would be [...]
Travel group bosses gain after failure January 3, 2011 THE former finance director of Europe’s largest tour operator has pocketed a £757,000 share deal just weeks after he stepped down over a £117m black hole in the firm’s accounts. Paul Botwell, who exited TUI Travel in October, gained from a share payout to five senior directors amounting to £4.9m on 30 December. Chief executive [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
JP Morgan confirms London as its EU headquarters December 20, 2010 INVESTMENT bank JP Morgan has confirmed it will base its European headquarters in London, at 25 Bank Street in Canary Wharf, from 2012. The announcement is a major vote of confidence in London as a leading financial services centre and will come as a relief to policymakers. The bank has paid £495m to acquire more [...]