City Moves for 2 August 2013 | Who’s switching jobs August 1, 2013 Thomas Cook The travel group has announced the appointment of Sandra Campopiano as chief people officer. She joins from Premier Farnell, where she was chief people officer for six years. KPMG The professional services firm has made three hires to its tax litigation practice. Amanda Brown has been appointed overall head of tax litigation. She [...]
Legal bills drag down Deutsche Bank’s earnings July 30, 2013 GERMAN lender Deutsche Bank saw profits plunge on soaring litigation fees in the second quarter, the institution announced yesterday, while it had to announce further cuts to operations to hit new regulatory capital targets. Net income fell 50 per cent to €335m (£291.5m), despite net revenues rising two per cent to €8.2bn. Corporate banking and securities [...]
Best of the Brokers February 26, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com HOME RETAIL GROUP Espirito Santo rates the retailer “sell” with a fair value of 85p. The broker sees the reported closure of the firm’s Argos joint venture in China as a sensible step, allowing management to focus on improving the key domestic business. [...]
SocGen shakes up top brass after bad year February 13, 2013 FRENCH bank Société Générale stumbled to an unexpectedly large loss in the final quarter of 2012, financial figures showed yesterday, dragging down its full year results. The group revealed a management reshuffle as it streamlines its five main business lines into three in an drive to cut costs. SocGen lost €476m (£412m) in the final [...]
Deutsche in the red as reforms cut into profits January 31, 2013 DEUTSCHE Bank made a heavy loss in the final quarter of 2012 as it struggled to shore up its balance sheet and increased provisions against a possible Libor fine, the bank said yesterday. The German bank recorded a pre-tax loss of €2.6bn (£2.2bn), taking profits for the year down to €0.7bn – a drop of [...]
City Moves for 30 January 2013 | Who’s switching jobs January 29, 2013 Pinsent Masons Michael Isaacs has been appointed partner in the law firm’s financial sector disputes practice. He is a banking litigation specialist, and joins from Addleshaw Goddard. Issacs has over 20 years’ experience in the sector. Mizuho International The London-based securities and investment banking arm of Mizuho Financial Group has appointed Antony Slotboom as head [...]
City Moves for 28 January 2013 | Who’s switching jobs January 27, 2013 Winston & Strawn The law firm has appointed Costanza Russo as a partner in its London-based corporate department. She joins from DLA Piper. Russo focuses on eastern Europe, and specialises in advising on cross-border project and infrastructure finance, particularly in the transport and renewable sectors. Pershing The broker solutions business, part of BNY Mellon, has [...]
City Moves for 22 January 2013 | Who’s switching jobs January 21, 2013 Mayer Brown The law firm has appointed Alistair Graham as a litigation partner in its London office. He joins from White & Case, where he was a partner in its London commercial litigation practice. Graham has previously worked as enforcement counsel to the FSA, where he assisted in the run up to the introduction of [...]
City Moves for 15 January 2013 | Who’s switching jobs January 14, 2013 Brookland Partners The real estate focused investment bank has appointed Dawn Prideaux de Lacy as its new chief operating officer. She was previously global chief operating officer at ING Real Estate Investment Management. Prideaux de Lacy has over 30 years’ experience in the industry, and is also a former chief administrative officer of Morgan Stanley [...]
City Moves for 10 January 2013 | Who’s switching jobs January 9, 2013 RBS Guy Wylie has been appointed head of primary markets, Asia Pacific at RBS. He has over 20 years’ experience in banking, and most recently worked at UBS as head of Asian debt capital markets and leveraged finance. Wylie previously joined RBS in 2005, after spending several years with JP Morgan and Arthur Andersen in [...]