CITY MOVES | WHO’S SWITCHING JOBS August 22, 2010 Mayer Brown The law firm has appointed Dominic Griffiths as the new head of its banking and finance group in London. Griffiths joined the firm five years ago and has been instrumental in building its securitisation and leveraged finance groups in London. He takes over from Bruce Bloomingdale, who will now focus on increasing synergies [...]
URS wins battle for Scott Wilson as trumps CH2M with a £223m offer June 30, 2010 ENGINEERING giant URS said yesterday it was offering 290p in cash for each Scott Wilson share, 18 per cent higher than Tuesday’s bid of 245p from Colorado-headquartered CH2M and 38 per cent above its original offer of 210p on Monday. The move, valuing the company at approximately £223m, ends a bidding war for Basingstoke-based Scott [...]
Mayer Brown ends talks with Simmons June 29, 2010 INTERNATIONAL law firm Mayer Brown has walked away from a potential merger with UK based Simmons & Simmons weeks after initial talks began. Simmons management had approached the Chicago based firm a few weeks ago with hopes to sign a deal that could have created a trans-Atlantic business with revenues over £1bn and 2,400 lawyers [...]
Simmons in US tie-up talks June 21, 2010 UK LAW firm Simmons & Simmons and US firm Mayer Brown have been locked in merger talks. It is understood that Simmons’ management emailed partners on 17 June to confirm that “preliminary discussions” about a merger were taking place with Mayer Brown senior figures. The email is also understood to have said that partners would [...]
CITY MOVES | WHO’S SWITCHING JOBS May 31, 2010 Sainsbury’s Finance The supermarket personal finance business yesterday said interim chief executive David Fisher has been appointed as its new permanent chief. Fisher, who has been in the interim role for five months, joined the group in January from Lloyds Banking Group, where he was group HR director for HBOS. He spent a total of [...]
Lords warn on trading rules March 31, 2010 POLITICIANS yesterday raised fears that European Union plans to regulate trading tools used by hedge funds and banks could create new institutions that are “too big to fail”. The European Commission proposes to tighten rules on over-the-counter derivatives by forcing more trades to be conducted through central clearing houses. Clearing houses provide stability because they [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 6, 2009 FINANCIAL TIMESDUBAI WORLD DEBT DECISION NEARSCrunch time is approaching for Dubai World as the government is nearing a decision on how much money it can apportion to deal with the holding company’s estimated $22bn debt pile, most of which is held by one of its subsidiaries, the developer Nakheel. The Dubai Financial Support Fund is [...]
CITY MOVES WHO’S SWITCHING JOBS August 31, 2009 PricewaterhouseCoopersThe accountancy giant has appointed Nick Secrett to its pensions capital management team, which was launched at the end of last year and is headed up by partner Chris Massey. “Secrett has a wealth of capital markets expertise and will work with our clients to model and control their pension financing and investment risks,” said [...]
LEGAL NEWS May 19, 2009 FOUR-DAY WEEK AT ADDLESHAWFee-earners at Addleshaw Goddard have been asked to work a four-day week on 85 per cent pay. If the proposal is approved by the firm’s lawyers, then the scheme could come on-line for a year, starting on 1 July. The firm is also looking for fee-earners who are willing to take additional [...]