City Moves for 27 July 2015 | Who’s switching jobs July 26, 2015 Fulcrum Asset Management The asset manager has appointed Matthew Wright as director in its sales and marketing team. He joins from Newsmith Asset Management, where he was partner. Wright has 16 years’ experience, and has also held roles at Fidelity, UBS Global Asset Management and Carmignac. International General Insurance Holdings Stuart Elliot has been appointed [...]
City Moves for 21 July 2015 | Who’s switching jobs July 20, 2015 Legal & General Property Richard Poyser has been appointed leasing manager at Legal & General Investment Management’s real assets division, and will be responsible for its Bracknell Town Centre development. He joins from Argent and has also worked at Hammerson. The Channel Managing Agency The Lloyd’s managing agency responsible for running The Channel Syndicate has [...]
Pensions shortfall: You’re almost certainly not saving enough for retirement July 20, 2015 The majority of people will face a pension shortfall running into thousands of pounds each year because we’re drastically underestimating how much we need to save to live comfortably in old age, as study has shown. The average income people expect after giving up work is £12,590 per year – but savings and investments will [...]
Barclays’ second boss in a week exits bank: Sir Mike Rake follows Antony Jenkins as chairman John “Mack the Knife” McFarlane wields axe July 15, 2015 Barclays deputy chairman Sir Mike Rake has become the second casualty of newly-installed chairman John McFarlane in a week, after he confirmed plans to leave the bank “by the end of 2015” yesterday – which leaves the rest of the Barclays board looking decidedly exposed, analysts have suggested. BT chairman and Confederation of British [...]
Beware, Barclays bankers: John “Mack the Knife” McFarlane is on a roll July 15, 2015 It was exactly a week to the day since John McFarlane, Barclays’ new chairman, claimed his first scalp, chief executive Antony Jenkins. Today his influence was felt again, after the imminent departure of deputy chairman Sir Mike Rake was revealed in rather chaotic fashion this morning. BT chairman and Confederation of British Industry president [...]
City Moves for 10 July 2015 | Who’s switching jobs July 9, 2015 Lloyds Bank Lloyds Bank Commercial Banking has appointed Chris Jackson as head of cash management and payment sales in its global transaction banking division. He joins from Barclays, where he was head of cash management and liquidity sales for the non-bank financial institutions sector. Macquarie Investment Management The investment management firm has appointed Peter Douvos [...]
Return of the Mack: How Barclays chairman John McFarlane earned his reputation as “Mack the Knife” July 8, 2015 John McFarlane has barely been in situ three months as Barclays’ chairman, but this morning he claimed his first scalp: Antony “nicest guy in banking” Jenkins, the man appointed three years ago to bring out Barclays’ cuddly side, will step down at the end of next week. Read more: From the Libor scandal to the [...]
Barclays ditches Credit Suisse in broker shake-up June 24, 2015 HIGH STREET bank Barclays has ended its 25-year broking relationship with Credit Suisse after appointing JP Morgan Cazenove to the role. The UK lender, which also has Deutsche Bank retained as a co-broker, selected the bank after putting its corporate broking mandate up for tender. Deutsche Bank has been co-broker since 2011. Broking mandates earn [...]
Charles Stanley’s £6m swing into the red June 18, 2015 Wealth management firm Charles Stanley started the arduous task of trying to turn around the business yesterday after revealing a £6m full year loss. The company, which traces its roots back about 200 years, saw a £6.1m profit last year evaporate to a £6.1m loss for the year ending March 2015, due to higher staff [...]
Aviva will shut three UK offices by end of 2016 June 15, 2015 INSURER Aviva is to close three of its UK offices by the end of 2016, as part of the integration with Friends Life. The group confirmed yesterday that it will shut its operations in Salford, Salisbury and Stretford, and will reduce its presence in Dorking, Exeter and Manchester. The firm’s core UK locations will be [...]