Rathbones buys £2.8bn private client managers April 1, 2014 RATHBONE Brothers bolstered its private banking business yesterday after spending around £57m on two acquisitions, increasing its assets under management by £2.8bn. The upmarket wealth manager has agreed to buy rival fund manager Jupiter’s private client and charity investment management business for £43.1m, assuming all of its assets are moved over. It has also snapped [...]
Lynch slams HP’s actions as misleading in Autonomy probe March 19, 2014 FORMER Autonomy chief executive Mike Lynch hit out at HP yesterday calling the US tech giant’s actions misleading in the investigation into Autonomy’s finances. Autonomy is currently at the centre of fraud investigations by the Serious Fraud Office and the US Department of Justice for its allegedly inflated profits prior to its $11bn (£6.74bn) takeover [...]
App backed by Mike Lynch signs Warner Music and Capitol deal March 6, 2014 MUSIC fans will be given the chance to win concert tickets and get access to video content through a new deal signed between major record label Warner Music and Capitol Records, and an app called Taggar – backed by former Autonomy chief executive Mike Lynch. Taggar, which describes itself as ”the world’s first social augmented [...]
City Moves for 06 February 2014 | Who’s switching jobs February 5, 2014 Baker Tilly The law firm has announced the appointment of Eric Solomons as head of audit for the North West. He has nearly 30 years’ industry experience. Solomons joined the firm in April 2013 from BDO. Old Mutual Global Investors The asset management firm has hired Simon Stratford as chief technology officer. He was previously [...]
Blinkx shares plunge 30pc on academic blog | City A.M. January 31, 2014 BLINKX, the online video search company spun out of Mike Lynch’s Autonomy, saw its share price plummet by 30 per cent yesterday after a Harvard professor published a blog post questioning the firm’s advertising tactics. In an article published on Tuesday Professor Benjamin Edelman claimed that Blinkx had links with companies that used “deceptive tactics” [...]
Blinkx shares plunge 30pc on academic blog January 30, 2014 BLINKX, the online video search company spun out of Mike Lynch’s Autonomy, saw its share price plummet by 30 per cent yesterday after a Harvard professor published a blog post questioning the firm’s advertising tactics. In an article published on Tuesday Professor Benjamin Edelman claimed that Blinkx had links with companies that used “deceptive tactics” [...]
City Moves for 29 January 2014 | Who’s switching jobs January 28, 2014 KPMG The professional services firm has announced the appointment of Mike Walters as a partner and head of its financial risk management group. He was most recently at Barclays, where he was global head of compliance. Nikko Asset Management The asset management firm has made two senior appointments. Takuya Koyama has been appointed global head [...]
Any Other Business – 27/01 January 26, 2014 On Friday The Capitalist wrote about former Autonomy boss Mike Lynch’s hearing difficulties, which he had referenced in a speech. We would like to apologise for any offence caused to Mr Lynch by the manner in which his comments were reported.
What was that? Mike Lynch has trouble hearing January 23, 2014 AUTONOMY founder Mike Lynch has come up with a novel way of dodging uncomfortable questions (of which there are a few at the moment) – he told an audience at Cass Business School this week that he is hard of hearing. “I’m actually deaf, so in this situation what happens when we come to the [...]
Any Other Business – 07/01 January 6, 2014 Olympic silver medalist Rob Williams has revealed he has his sights on gold, but not in the way you might imagine. The 28-year-old champion rower announced yesterday he won’t be getting back into his Lycra GB suit but instead will concentrate on his career in the City, at Goldman Sachs. He joined the firm in [...]