Challenger bank Shawbrook appoints new chairman Iain Cornish to replace Sir George Mathewson July 6, 2015 Challenger bank Shawbrook has appointed former Yorkshire Building Society chief executive Iain Cornish as its new chairman. Cornish replaces former RBS boss Sir George Mathewson who will step down as chairman and as director with immediate effect. Cornish is a senior independent director of debt manager Arrow Global and wealth manager St James's Place. Read more: Challenger [...]
Business in Britain: London firms’ confidence dips against UK average July 5, 2015 Lloyds Bank today released figures showing that business confidence in London has fallen slightly against the national average. The biannual Business in Britain report surveyed 1,500 UK SMEs and found companies in London expected increased orders and profits over the next six months. However, limited growth meant the overall measure of confidence fell [...]
City Moves for 2 July 2015 | Who’s switching jobs July 1, 2015 Baker Tilly The professional services firm has appointed Diane Gwilliam as head of capital markets. She has been at Baker Tilly for 14 years, and a corporate finance partner since 2008. Gwilliam takes over from Chilton Taylor, who is standing down but remaining as corporate finance partner with the firm. Lloyds Banking Group Simon Davies [...]
My vision as City minister: I want UK finance to be the world’s most competitive June 30, 2015 During my two decades in the financial services industry, I always enjoyed the important annual events that bring the industry together. It was great to be back at The City UK’s conference yesterday, speaking this time in my new job as the government minister responsible for financial services policy. I’m proud of the [...]
TM Lewin plots management buyout deal with US investor June 28, 2015 SHIRTMAKER TM Lewin has enlisted the help of an American private equity company to back a £100m management buyout of the business. The retailer’s management team, led by chief executive Geoff Quinn, is understood to be close to striking a deal with Sankaty Advisors, an affiliate of Bain Capital, to buy the 20 per cent [...]
City Moves for 25 June 2015 | Who’s switching jobs June 24, 2015 Nexus CIFS The trade credit insurer has announced the appointment of two commercial underwriters. Gavin Brown joins from Euler Hermes UK, where he has been working since 2006, most recently as an account manager. Philip Oldfield (pictured) has held roles at Aon and Amlin Credit. Artemis Ed Legget is joining the investment management firm to [...]
Piccadilly’s Criterion restaurant enters administration after 60 per cent rental hike by landlord Criterion Capital June 24, 2015 Iconic London restaurant Criterion has gone into administration after 140 years, as a result of sky-high rents. UHY Hacker Young has been appointed administrator, with Peter Kubik and Andrew Andronikou handling the case. The Criterion was put into administration by the directors after its rent jumped 60 per cent from £525,000 to £850,000 [...]
City Moves for 23 June 2015 | Who’s switching jobs June 22, 2015 BLP Insurance The insurer has appointed Craig Parfitt as chief operating officer. He joins from Deutsche Bank, where he was managing director specialising in financial management, operational excellence, transformational change and project management. JP Morgan Asset Management Thushka Maharaj has been appointed global strategist and executive director in the asset management firm’s global strategy team. [...]
City Moves for 22 June 2015 | Who’s switching jobs June 21, 2015 Millstream Management Services Simon Crewe has been appointed managing director of the retirement development manager. He has over 25 years’ experience in the industry, and has also served as managing director of Goldsborough Estates, part of Bupa UK. JLT Re Craig Brokenshire has been appointed global chief operating officer at the reinsurance broking and consultancy [...]
MUFG straight in at the charity football championships June 18, 2015 IT WAS all to play for yesterday at recruitment consultants Kennedy Pearce’s annual charity football competition, where over 25 FTSE 100 companies, including Sony Entertainment and Virgin Active, went head-to-head to raise £1,000 for the charity of their choice. Investment bank MUFG Securities wiped the floor with the independent merchant banking group Close Brothers in [...]