Aviva hunts for Sharman’s replacement September 16, 2010 INSURANCE group Aviva has begun its search for a new chairman in time for Colin Sharman’s planned departure in 2013, people close to the company confirmed yesterday. Potential candidates for the job include former Aviva chief executive Richard Harvey, outgoing Barclays chief executive John Varley and ex-financial services minister Paul Myners. Myners declined to comment, [...]
CITY VIEWS: DO YOU THINK THE BBC LICENCE FEE SHOULD BE FROZEN FOR THE NEXT TWO YEARS? September 16, 2010 THOMAS MCKAY | VOCUS “I subscribe to Sky and rarely find myself watching the BBC. I suppose the projected cuts in spending might affect the quality of online news, given that other news corporations are now charging for their services. That would be my only concern.” PHIL TURNBULL | AVIVA “Given the cuts in spending [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 15, 2010 FINANCIAL TIMES BOND STRATEGY LED TO BIG WIN AFTER LEHMAN The collapse of Lehman Brothers and central banks’ unorthodox monetary policies distorted markets to create some of the biggest pricing anomalies ever documented in bond trading, according to research from leading US academics. A paper from the US National Bureau of Economic Research claims to [...]
ABI: Don’t ignore UK’s institutions September 15, 2010 THE NEW chairman of the ABI’s investment committee has warned regulators that an over-zealous approach to protecting the interests of retail shareholders in the wake of the financial crisis could come at the expense of institutional investors. In his first official speech in the role, Aviva Investors chief executive Alain Dromer expressed support for a [...]
CITY MOVES | WHO’S SWITCHING JOBS September 15, 2010 Jefferies The investment bank has appointed Julian Smith from Collins Stewart as its new head of UK corporate broking. Smith has over 16 years of corporate broking and equity experience. In addition to his role as a managing director at Collins Stewart, he previously spent 15 years at Dresdner Kleinwort in corporate broking and equity [...]
Exiles announce new deal September 15, 2010 RUGBY UNION: London Irish have announced internet security provider Trend Micro as their new kit sponsor and partner for the 2010-11 Aviva Premiership season. The company logo will be branded on the first-team shirt and Trend Micro will also become title partner in the club’s community programme. Richard Marsh, London Irish’s commercial director, said: “Trend [...]
CITY MOVES | WHO’S SWITCHING JOBS September 9, 2010 Clifford Chance The law firm said yesterday that Michael Dakin, the chief legal officer at Dubai-based investment firm Future Group, is to rejoin its ranks on the European high-yield team. Dakin left Clifford Chance to join Future in August last year, having been a partner at the law firm for four years. Prior to that, [...]
Showing a lack of intensity simply isn’t good enough September 9, 2010 AFTER such an extensive pre-season, it was somewhat disappointing to start the new Aviva Premiership season off with a rusty display against London Irish at Twickenham last Saturday. There are a lot of issues which can ultimately prove the difference between winning and losing in rugby, but the fact of the matter is we were [...]
CITY RUNNER | GARMIN #4MILER September 9, 2010 THEY’VE taken their body to the absolute limit for the past four weeks, but the Investec team came up against some pretty formidable competition yesterday when their Garmin #4miler challenge ended on an ultimate high. Each member of the eight-strong team has seen race times reduced and fitness levels increase over the past month, but [...]
Investors attack Mecom September 8, 2010 DAVID Montgomery, former chief executive of the Mirror Group, is facing his second investor revolt in two years as the three biggest shareholders in Mecom, the newspaper group he founded, are calling for him to go. Aviva, Invesco and Legal & General – which together own more than 50 per cent of Mecom’s shares – [...]