Germany could get up to 5,000 new finance jobs in the next 18 months because of Brexit April 3, 2019 Up to 5,000 new jobs at overseas banks in Germany could be created in the next year to 18 month because of Brexit, the country’s foreign banking association said today. The lobby group for non-German banks in Germany told an event in Frankfurt that almost 50 financial institutions had decided to ramp up their activities [...]
Lloyd’s of London loses £1bn in year of natural catastrophes as it grapples with harassment scandal March 27, 2019 Insurance market Lloyd’s of London, currently embroiled in a sexual harassment scandal, said today it had made a loss of £1bn for 2018. Lloyd’s said it paid £19.7bn in claims last year, leading to an aggregate loss of £1bn, down from £2bn the year previously. The exchange had gross written premiums of £35.5bn last year, [...]
City Moves for 27 March – who’s on the move at Wiggin, Coverys Managing Agency and Kirkland & Ellis? March 27, 2019 Who’s switching roles today? Wiggin Media, technology and IP law firm Wiggin has promoted Sarah MacDonald (digital entertainment) and Matthew Dando (litigation) to the partnership. This reflects the firm’s impressive growth and investment and an overall 30 per cent increase in partner numbers over the last two years. John Banister, chief executive, said: “Both Sarah [...]
Lloyd’s of London unveils ‘robust plan’ to create safe workplace following sexual harassment claims March 26, 2019 Lloyd’s of London has unveiled a “robust plan” to create a safer workplace following reports of sexual harassment. The package of measures focuses on making it easier for staff to lodge complaints and includes an independent survey on the company’s culture and a review of practices. Read more: Shadow City minister pushes Lloyd's of London [...]
Shadow City minister ramps up pressure on Lloyd’s of London over sexual harassment claims March 26, 2019 The shadow City minister has ramped up pressure on Lloyd’s of London to eradicate its “institutionally sexist” culture after reports of sexual harassment at the 330-year-old insurance market. Labour’s John Reynolds has demanded answers from chief executive John Neal on how the company will respond to the allegations and permanently change it culture. Read more: [...]
Lloyd’s of London plans clamp down on harassment and bullying March 24, 2019 Lloyd’s of London plans to overhaul workplace culture following reports of sexual harassment and bullying at the 330-year-old insurance market. The company intends to call an emergency meeting with senior staff members to set out ways to make it easier for employees to make formal complaints, the Sunday Times reported. Read more: Lloyd's of London [...]
City Moves for 21 March – who’s switching jobs at Orchard Street, Dechert and Lloyds Bank? March 21, 2019 Who’s on the move today? Orchard Street Investment Management Orchard Street Investment Management, the specialist commercial property investment manager, has appointed Dawn Marie La Monica head of compliance and risk. She will be responsible for ensuring compliance with the relevant regulations and laws impacting the firm, guiding the shape of corporate governance and culture, and [...]
City Moves for 19 March – who’s switching jobs at EIP, Legal & General Investment Management and Oaknorth Analytical Intelligence? March 19, 2019 Who’s on the move today? EIP Leading intellectual property law firm EIP has appointed Nora Fowler as an associate in the firm’s trademark team in London. Nora joins from Novagraaf UK, where she managed worldwide trademark portfolios and provided strategic advice to clients from a multitude of sectors. Nora has a wealth of experience working [...]
Barclays, Lloyds and Natwest launch business hubs as branch closures hit small firms March 11, 2019 Three of the UK’s largest banks have unveiled plans for joint business hubs amid fears small firms are being hit by branch closures. Natwest, Lloyds Bank and Barclays have announced the pilot, which will see six business banking hubs launched across the country. Read more: Digital bank Monzo in discussion with Post Office over cash [...]
Let it all hang out: Goldman Sachs scraps office dress code March 5, 2019 Goldman Sachs said today that it is relaxing its employee dress code to reflect the “more casual environment” of the modern workplace. In a memo from new chief executive David Solomon, who also DJs under the name D-Sol, the bank announced its new “firm wide flexible dress code” turning its back on the traditional banker [...]