What the other papers say this morning – 30 September 2013 September 29, 2013 FINANCIAL TIMES CLO issuance hits pre-crisis level Sales of sliced-and-diced corporate loans have reached a fresh post-crisis record as investors clamour for higher returns from the structured financial products. A spurt in sales last week has helped push US issuance of so-called “collateralised loan obligations” so far this year to at least $55.41bn, according to [...]
City Moves for 27 September 2013 | Who’s switching jobs September 26, 2013 Cushman & Wakefield The real estate services firm has announced the appointment of Carl Foreman as a partner, and head of UK property and asset management. He joins from Jones Lang LaSalle, where he was a national director. BlackRock Mark Wharrier has joined the investment management company’s UK equity team as a director and portfolio manager. He will [...]
What the other papers say this morning – 24 September 2013 September 23, 2013 FINANCIAL TIMES Bribery claims hit Glaxo sales in China Sales of GlaxoSmithKline’s medicines in China are thought to have dropped 30 per cent since officials accused the UK firm of corruption, according to Citi analysts’ provisional estimates. Axa eyes Diana ingredient maker sale Axa Private Equity is in talks with JP Morgan to finalise a [...]
Analyst Views: What did you make of the Federal Reserve’s decision not to taper its quantitative easing programme? September 19, 2013 LIZ ANN SONDERS | CHARLES SCHWABWhat we now face is a lingering uncertainty regarding the timing of tapering; which means the sharp rally induced by the announcement could run into trouble. I remain very optimistic about the stock market; but the hope that this was going to be the lifting of one of many uncertainties [...]
City Moves for 18 September 2013 | Who’s switching jobs September 17, 2013 KPMG The professional services firm has announced the appointment of Sean Randall as head of its UK stamp taxes group. Randall spent the past eight years at Deloitte, where he specialised in stamp taxes. JP Morgan Private Bank Antoine Massoud has joined the private bank as a senior banker in its Middle East banking team. [...]
Regulator fines AXA £1.8m for failing to give customers suitable investment advice September 13, 2013 AXA Wealth Services has been hit with a £1,802,000 fine by regulators "for failing to ensure it gave suitable investment advice to its customers." The Financial Conduct Authority (FCA) investigated cases between September 2010 and April 2010 at branches of Clydesdale, Yorkshire Banks and West Bromwich Building Society. AXA sold approximately 37,000 investment products to [...]
City Moves for 13 September 2013 | Who’s switching jobs September 12, 2013 Aviva Investors The investment management business has appointed Andrew Davey as assistant fund manager to its Lime Property Fund. He joined the company in 2007. Deloitte Real Estate Steve Johns has joined the real estate business to head its City leasing team. Johns previously spent 17 years at Cushman & Wakefield, and was most recently [...]
City Moves for 11 September 2013 | Who’s switching jobs September 10, 2013 Covington The law firm has announced the appointment of Charlotte Hill as a partner in its London office. Hill specialises in financial regulatory matters. She was most recently a partner at Stephenson Harwood. PwC Daniel Hepburn has joined the reward team at the professional services firm, where he will advise on the design and implementation [...]
City Moves for 09 September 2013 | Who’s switching jobs September 8, 2013 Ernst & Young The professional services firm has hired Sheila Nicoll as a senior adviser in its asset management practice. She was most recently director of conduct policy at the Financial Services Authority. Prior to that, she was deputy chief executive of the Investment Management Association. Coutts The private bank has announced the appointment of [...]
City Moves for 06 September 2013 | Who’s switching jobs September 5, 2013 Dentons The law firm has recruited Babette Marzheuser-Wood as a partner in its technology, media and telecommunications division. She joins from Field Fisher Waterhouse. Colliers International The commercial real estate services firm has appointed Simon Ford as a director in its corporate solutions team for Europe, the Middle East and Africa (EMEA). He joins from [...]