Landlord profits under threat from online growth, Axa warns February 18, 2013 ONLINE retail sales are endangering the profits of bricks and mortar stores and threatening to put commercial landlords out of business, a new report claims. The boom in web business means investors should tread carefully before investing in physical retail sales – because there is unlikely to be a return to the heyday of store [...]
City Moves for 16 January 2013 | Who’s switching jobs January 15, 2013 Amundi The asset management firm has appointed Christian Pellis as its global head of external distribution. He joins from LGT Capital Management, where he was head of distribution and a member of its executive board. Pellis has also held senior roles at Fleming Fund Management in Luxembourg, and at Threadneedle Investments. Pioneer Investments Jon Bailie [...]
What the other papers say this morning December 18, 2012 FINANCIAL TIMES Greek bet pays off for hedge fund One of the world’s most prominent hedge funds is sitting on a $500m (£308m) profit after making a bet that Greece would not be forced to leave the Eurozone, bucking the trend in a difficult year for the industry. Third Point, headed by the billionaire US [...]
Who’s switching jobs December 6, 2012 Robin Simon The law firm has appointed Darren Hannison partner and head of its reinsurance practice. He joins from Plexus Law. Hannison has over 19 years’ experience in the insurance and reinsurance sector, and has also served as an assistant general counsel at AIG in New York. Deloitte Angus Wildblood has been appointed analytics partner [...]
Who’s switching jobs November 29, 2012 Cordea Savills The international property investment manager has appointed Reynold Chan as business development director, Asia. Chan was most recently at Calista Consultants, and began his career in 1986 at Prudential providing real estate. He will be based in Hong Kong and report to Justin O’Connor, chief executive at Cordea Savills. BNY Mellon The investment [...]
Getting insured for your ski holiday is snow joke November 22, 2012 You’re heading to the ski slopes for a well-earned break from City life. Your passports have been rediscovered, your flights booked, and your bags packed. But have you arranged your travel insurance? A survey of winter holiday-makers by the AA found that a third of those buying travel insurance did not check the level of [...]
Who’s switching jobs November 19, 2012 Smith & Nephew Julie Brown has been appointed chief financial officer at the medical technology business. She joins from AstraZeneca, where she was vice president for group finance and interim chief financial officer. Brown was at AstraZeneca for 25 years, and previously qualified as a chartered accountant at KPMG. Natixis Global Asset Management The asset [...]
Resolution hit by charges on AXA takeover November 15, 2012 SHARES in insurance buyout vehicle Resolution slumped yesterday after the firm said it will have to pay an extra £35m as part of its purchase of AXA’s UK life insurance business. Tim Tookey, chief financial officer, told City A.M.: “The AXA charge [relates to] some of the costs in the final stage of separation of [...]
Who’s switching jobs November 8, 2012 Houlihan Lokey Sascha Kroissenbrunner has been appointed director in the investment bank’s industrials group. He joins from UniCredit Group in Vienna, where he was managing director and head of the general industrials group for central and eastern Europe. He has also held senior positions at the Royal Bank of Scotland in London and Frankfurt. State [...]
Andy Haste to join Lloyd’s as deputy chair October 31, 2012 AFTER a short break from the world of insurance, RSA’s former chief executive Andy Haste is planning a return to the sector as deputy chairman of Lloyd’s of London. Haste will begin a three-year term at the UK’s insurance and reinsurance market today, stepping in to succeed Dr Andreas Prindl, who is retiring. He bowed [...]