BlackRock raises $673m for fund to invest in climate projects November 2, 2021 BlackRock has announced it has raised a target-beating $673m for an infrastructure fund to invest in climate-focused projects like renewable energy in emerging markets. The fund also has backing from the French, German and Japanese governments. The investment manager told Reuters it hoped the Climate Finance Partnership would show how to mobilize private capital in [...]
City Moves: Who’s switching jobs in the Square Mile today? October 26, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Bought By Many Pet health and insurtech company Bought By Many, which gained unicorn status in June, has appointed former Babylon Health lead as its chief marketing officer (CMO). Adam Rostom moves from Babylon Health, under the [...]
City Moves: Who’s switching jobs in the Square Mile today? October 12, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Marshmallow Digital insurance unicorn Marshmallow has appointed its first Chief People Officer (CPO) just weeks after it a secured a $1.25bn valuation. Caroline Gillard, who joined in September, brings 20 years of experience in HR to the [...]
City Moves: Who’s switching jobs in the Square Mile today? September 28, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Aviva Investors Asset management firm Aviva Investors has promoted its former head of liquidity and securities finance as its new head of credit. Based in the capital, Caroline Hedges will lead teams across investment grade and high yield [...]
High street dentists and pharmacies afflicted with Covid side effects September 24, 2021 High street dentists, opticians and independent pharmacies have been badly affected by the pandemic, a fresh report has revealed. In a report titled Small Business, The Big Picture, insurer AXA, said small and medium sized-retail businesses were in a strong position with hopes for a healthy recovery from lockdowns. However, health businesses have struggled with [...]
Drill, baby, drill: Arctic set for £230bn oil and gas bonanza with JPMorgan, Barclays and Citi piling in September 23, 2021 Oil and gas companies are set to ramp up production in the Arctic by 20 per cent in the next five years, according to a new report shared with City A.M. this morning. The main Arctic expansionists – Gazprom, Total and ConocoPhillips – are backed by hundreds of billions of pounds from dozens of City [...]
SMEs with young business owners saw stronger pandemic performance September 7, 2021 New data has revealed that the age of business owners had a “major impact” on the performance of companies during the pandemic. Companies with younger leaders at the helm reported lower reductions in turnover according to a report on small and medium sized businesses published by AXA. In 2020 companies run by decision makers who [...]
HSBC buy Axa’s Singapore operations in bid to boost Asia fee income August 16, 2021 HSBC has agreed to acquire Axa’s Singapore operations in a bid to boost its fee incomes in the Asia market. HSBC said in a statement that the combined unit comprising HSBC Life Singapore and Axa Singapore would be the seventh-largest life insurer and the fourth-largest retail health insurer in Singapore. HSBC currently ranks 10th in [...]
Skadden agrees 15 year lease for 22 Bishopsgate office August 9, 2021 International law firm Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, has signed for three floors of 22 Bishopsgate. The City of London’s tallest office building is now 60% let with the US law firm taking 65,000 sq ft of space and planning to move its 250-strong London workforce to the site in late [...]
Action group agrees settlement with Hiscox over business interruption cover June 28, 2021 Members of the Hiscox Action Group have reached a settlement with the insurer relating to business interruption losses suffered as a result of Covid-led lockdowns. The action group said the settlement is in line with the Supreme Court judgment on business interruption clauses, and that both parties were satisfied with the outcome. Both Hiscox and [...]