Vantage hit by £700k fine in FSA probe June 21, 2010 THE Financial Services Authority (FSA) has hit Vantage Capital Markets with a £700,000 fine for allowing a senior figure to operate without the regulator’s approval. Daniel Hassell worked for interdealer broker Vantage for more than four years and had “significant influence” on the company, the FSA found. Vantage was formed as a limited liability partnership [...]
CITY MOVES | WHO’S SWITCHING JOBS June 15, 2010 City Index The spread betting firm has appointed Sandy Jadeja as its new chief technical analyst. Jadeja has 23 years of experience in technical analysis, trading psychology and global financial markets commentary. Prior to joining City Index, he was the chief market strategist at FX-focused trading platform provider Capital Market Services. He has also worked [...]
CITY MOVES | WHO’S SWITCHING JOBS May 26, 2010 Otkritie Securities Otkritie, the UK subsidiary of Russian financial services giant Otkritie Financial Corporation, has appointed Howard Snell as chairman. Snell joined the broker last year as an executive director, having previously been UK chief executive of Russian investment bank Troika Dialog. He was also previously co-head of the London emerging markets desk at UBS, [...]
Dubai World mints deal on $24bn debts May 20, 2010 SMALL lenders to Dubai World could scupper the conglomerate’s plan to restructure its $23.5bn (£16bn) debt pile, which was provisionally signed off by its core creditors yesterday. A committee of seven key banks, including London-listed HSBC, Royal Bank of Scotland and Standard Chartered, reached an agreement with the Dubai government-owned group “in principle” to defer [...]
CITY MOVES | WHO’S SWITCHING JOBS May 9, 2010 KPMG The accountancy firm has appointed Alastair McLeish as UK head of tax and pensions, effective from 1 July. McLeish joined KPMG’s Birmingham office in 1994 and was subsequently appointed in 2003 as head of the pensions advisory group, which he has built up since to encompass over 350 staff and 20 partners. Former UK [...]
CITY MOVES | WHO’S SWITCHING JOBS May 4, 2010 Principal Global Investors The asset management firm has appointed Seema Shah as a strategist and economist in its London-based global fixed income team. Shah was previously an economist at Capital Economics, focusing on macroeconomic analysis of the UK and European economies. Prior to that, she was an economist within the macro consulting group at accountancy [...]
CITY MOVES | WHO’S SWITCHING JOBS April 5, 2010 Threadneedle The asset management firm has hired George Gosden to join its Asian equities desk. Gosden spent the past eight years as a director at Insight Investment, where he was part of the international team. Prior to that, he was a director of Asian equities at Clerical Medical Investment Management. In his new role, he [...]
CITY MOVES | WHO’S SWITCHING JOBS March 4, 2010 London & Capital The boutique wealth management firm has appointed Sanjay Joshi as a senior portfolio manager in the fixed income team, responsible for overseeing portfolio construction, asset allocation and the company’s new UCITS income funds offering. Joshi rejoins London & Capital after spending four years at F&C Asset Management, co-managing a fixed income hedge [...]
The law firm boss who says his US merger is set to take on the world February 28, 2010 For a man weeks away from the biggest deal of his life, Lovells’ managing partner David Harris has a remarkably light air about him. On 1 May the City institution – it can trace its history back to 1899 – will merge with US rival Hogan Hartson to create one of the world’s largest law [...]
CITY MOVES | WHO’S SWITCHING JOBS January 25, 2010 Investec The investment bank has hired Paul Bail as a director in its debt advisory team, focusing on expanding its profile in the private equity space. Bail joins from Barclays, where he was managing director of leveraged finance in the financial sponsors group and a board director of Barclays Financial Investments. Prior to that, he [...]