UBS’s top tier shaken up by new boss Orcel November 5, 2012 UBS has shaken up its investment bank management just days after the Swiss bank revealed it is winding down its fixed income operations and cutting 10,000 staff. New investment boss Andrea Orcel has led the reshuffle, months after joining from rival Bank of America Merrill Lynch. Orcel has shifted former co-head of the advisory business [...]
Goldman to swing to profit October 14, 2012 US BANKS are expected to report strong revenue figures this week, in part thanks to the boost to the mortgage market from the Federal Reserve’s latest round of money printing. Goldman Sachs will report its third quarter results tomorrow, and is expected to turn 2011’s third quarter loss of $393m (£245m) into a solid profit [...]
City Moves | Who’s switching Jobs September 6, 2012 BNP Paribas Real Estate Mike Chadburn has been appointed senior director of international investment at the real estate division of BNP Paribas. He was previously the UK partner to Azimuth Global Partners, where he sourced and acquired UK assets for Malaysian and Korean investors. Chadburn has also previously worked as director of Central London acquisitions [...]
CITY MOVES | WHO’S SWITCHING JOBS July 16, 2012 Pioneer Investments The investment management group has appointed Neal Jenkins as head of sales, Middle East, Central Asia and Africa. He joins from Janus Capital, where he was head of Middle East and Africa business. Jenkins has over 20 years’ financial markets experience, and previously worked at Merrill Lynch. KPMG Tom Brown has been appointed [...]
Uncertainty over global economy and corporates sees FTSE end flat July 11, 2012 BRITAIN’S top share index ended flat in low volume yesterday, with investors uncertain about the future path for equities due to concerns over global growth and corporate earnings. The FTSE 100 was up 0.41 points, or 0.01 per cent, at 5,664.48, having swung in a 50 point arc during the session, on volume of less [...]
WHO’S SWITCHING JOBS June 27, 2012 LDC The private equity house has announced that Keith Holdt has been appointed as investor director in its value enhancement group. He joins from Swiss Post Solutions, where he was head of global business development and sales. Holdt previously spent eight years with IBM. Lloyds Banking Group Andrew Bester has been appointed chief executive, wholesale [...]
BT Vision gamble might be costly June 26, 2012 Group’s football move must win customers from BSkyB BT VISION’S surprising capture of the rights to 38 live Premier League matches from the beginning of the season after next is described as “the largest thing we have done in television to date” by the group’s chief executive Marc Watson. The problem for BT Vision is [...]
WHO’S SWITCHING JOBS June 19, 2012 Houlihan Lokey The investment bank has appointed Kristian Terling as a managing director and head of Nordic coverage. He was most recently managing director and co-head of Nordic investment banking at Credit Suisse in London. Terling has also served as sector head in the corporate finance group at Handelsbanken Capital Markets, and started his career [...]
Paradigm shift as Apax leads $1bn deal for oil tech business June 11, 2012 PRIVATE equity house Apax Partners has taken a bet on the continuing global thirst for oil exploration in leading a deal worth around $1bn (£643m) for Paradigm. Apax and JMI Equity have agreed to buy the software group, which sells its technology to oil and gas explorers and producers, from US investment group Fox Paine. Paradigm, which has [...]
Xstrata and WPP ignore shareholder spring at their peril June 7, 2012 EVEN before the phrase “shareholder spring” was uttered, it was clear that investors were becoming unruly. More often than not it was strategy rather than executive remuneration that caused discontent. Much of the recent unrest, ostensibly about pay, is really about direction. Andrew Moss, the former Aviva boss, could have paid himself £1 last year [...]