Who’s switching jobs November 6, 2012 Sainsbury’s Bank Peter Griffiths has been appointed chief executive of the supermarket bank, effective 19 November. He was previously chief executive of Principality Building Society. Griffiths has also worked as chief operating officer at Morgan Chambers, a consultancy, and head of commercial services at NatWest Group IT. RBC Wealth Management Nick Reid has been appointed [...]
Retail banks have changed – but don’t blame investment banking November 4, 2012 AT A recent debate, the Bank of England’s Andy Haldane called for a culture change in retail banking. He claimed that a structural separation of retail banking from investment banking would end damaging cross-contamination. Retail banking could return to its roots in relationship management and judgement, based on local knowledge. But Haldane’s comments were based [...]
Who’s switching jobs October 31, 2012 RBC Wealth Management Adam Norris has been appointed senior manager in the wealth management firm’s newly-formed intermediary wealth solutions offering. He joins from HSBC Private Bank, where he focused on Channel Islands-based private clients. Norris has also held roles at Deutsche Bank. MIG Capital Paul Chrimes has been appointed chief operating officer of the trading [...]
Meet the investment banker who gave insurance a whirl October 14, 2012 AFTER the chaos of last year, 2012 has so far been something of a relief to the insurance industry. A perfect storm of floods in Australia and Thailand, the Japanese tsunami and nuclear disaster and the earthquake in New Zealand made 2011 the second most expensive on record for the Lloyd’s of London market, and [...]
City Moves | Who’s switching jobs October 14, 2012 Royal Bank of Scotland John Shelley has joined RBS as chief risk officer, Asia Pacific, for all RBS businesses in the region. Shelley began his banking career with NatWest and RBS in the UK, and he has previously worked for Coutts Private Banking in Asia and has since held a number of senior roles with [...]
City Moves | Who’s switching jobs October 9, 2012 NGBI Private Equity David Turner has joined NGBI’s UK team as an investment manager. He qualified as an accountant with Grant Thornton before transferring into its corporate finance team, and was most recently a member of Experian’s corporate development office. Chadbourne and Park The law firm has announced that Silvia Fazio has joined the firm as an [...]
IT jobs up after RBS system crisis September 16, 2012 BANKS are taking on increasing numbers of IT workers and contracts in the wake of the RBS and NatWest systems breakdown, according to a report out today from industry recruiters BrightPool. And mobile banking is set to lead job creation in the sector this year, as banks look to attract consumers on new platforms. Fifty-six [...]
Ryanair bullish on Aer Lingus September 4, 2012 RYANAIR chief executive Michael O’Leary believes he can make a deal with competition authorities to clear the way for his takeover of rival airline Aer Lingus. O’Leary told reporters yesterday: “We are confident that the remedies package will be enough to satisfy competition issues. “There are 46 cross over routes and we will remedy all [...]
PwC to probe RBS IT failures September 4, 2012 AN INDEPENDENT team from PwC has been appointed to head the Financial Services Authority’s investigation into the systems meltdown that hit tens of thousands of RBS, NatWest and Ulster Bank customers earlier this year. The regulator wants a thorough investigation to find out exactly how well the bank has done at taking steps to make [...]
City Moves | Who’s switching Jobs September 4, 2012 DAC Beachcroft Anthony Menzies has been appointed as a partner in the law firm’s London-based global insurance team. He joins from Taylor Wessing, where he was a partner in its insurance and reinsurance group. Menzies is a specialist in marine, energy and engineering law, and has also previously held roles at Clyde & Co and [...]