CITY MOVES | WHO’S SWITCHING JOBS August 12, 2010 Deloitte The accountancy firm has appointed Zahir Bokhari to lead its UK banking and capital markets audit business. Bokhari brings over 20 years of experience to the role, having provided audit, assurance and advisory services to numerous listed clients in the retail banking, inter-dealer brokers and capital markets sectors in his previous capacity as senior [...]
CITY MOVES | WHO’S SWITCHING JOBS August 11, 2010 Coutts The private bank has appointed Jeff Stubberfield as a commercial banker in its media banking team, looking after clients in the music, TV and entertainment business. Stubberfield has over 15 years of experience in financial services and joins from Barclays, where he spent eight years, latterly as a relationship director managing a portfolio of [...]
Quintain JV sells offices at Pier Walk August 9, 2010 REAL estate investor Quintain has sold its Pier Walk development near Canary Wharf to DekaBank, Germany’s largest open-ended fund manager, for £97.1m. Quintain, which owned the seven-story building at Greenwich Peninsula in a joint venture with Bovis Lend Lease, said the sale represents a six per cent uplift on the property’s valuation in March and [...]
The late-night bank manager is planning a High Street revolution August 8, 2010 THE revolution in High Street banking has begun. That’s the bold claim of Craig Donaldson, chief executive of Metro Bank, the first addition to Britain’s retail banking scene in 100 years. And ground zero is the corner of High Holborn and Southampton Row, where its inaugural branch opened a couple of weeks ago. “The revolution has [...]
Apple to open its biggest store in Covent Garden August 6, 2010 APPLE is to open its biggest ever store in Covent Garden on Saturday (August 7). The three storey historic building will have separate rooms for all Apple products and more stock than any other shop. Staff will be equipped with iPod Touches to scan purchases without a till, for the first time. There will also [...]
Numis in FTSE 100 client win August 5, 2010 STOCKBROKER Numis Securities yesterday reached a landmark in its development as it won its first FTSE 100 client, investment firm Alliance Trust. Numis, which has just celebrated its tenth anniversary, already has 22 corporate broking clients in the FTSE 250, including property group Savills, Domino’s Pizza and retailer Mothercare. But Alliance Trust is its first [...]
Why I’m bearish about house prices August 5, 2010 ONE of the big lessons of the recession – and of several previous downturns, including Britain’s crisis in the early 1990s and the secondary banking crisis of the 1970s – is just how important property is to modern economies. Bubbles in housing or commercial property are invariably devastating; they almost always take the economy down [...]
CITY MOVES | WHO’S SWITCHING JOBS August 5, 2010 FTSE Group The global index provider has appointed Sudir Raju as managing director for its custom index business. Raju has worked for Dow Jones and Stoxx Indexes since 2004, latterly as leader of the Stoxx custom index business. He has a strong technical background with experience extending across index design, production, reviews and operations, as [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 4, 2010 FINANCIAL TIMES DIPLOMATS TO BECOME SALESMEN The job description for Britain’s ambassadors is to be rewritten to include tough targets for trade promotion and a requirement for the country’s top diplomats to tour the UK’s regions to showcase commercial opportunities abroad. As well as gliding through the corridors of foreign ministries and cultivating contacts with [...]
SocGen beats forecasts as profits treble August 4, 2010 French bank Societe Generale yesterday warned the economic recovery was still fragile, with moderate growth prospects in Europe, after it beat forecasts with over a three-fold leap in second-quarter net profit. The bank, which last month easily passed a Europe-wide stress test with a Tier 1 capital ratio of 10 per cent, said it was [...]