UBS swipe new finance chief Sarah Youngwood from rival JPMorgan December 1, 2021 UBS have pinched a JPMorgan executive as its new chief financial officer, as part of major shake-up of senior management at the biggest bank in Switzerland. The announcement comes shortly after UBS also named Colm Kelleher, former president at Morgan Stanley, to succeed Axel Weber as chairman of the world’s biggest wealth manager when his [...]
Ethereum continues to outpace a flat Bitcoin December 1, 2021 A turbulent start to the week for Bitcoin continues, with the leading cryptocurrency yesterday bouncing between $56,000 and $59,000.
The long view: Cathie Wood’s ARK nabs 1m Twitter shares as Dorsey steps down December 1, 2021 Cathie Wood, the well-known U.S. investor and founder of ARK Investment Management, loaded up on 1m Twitter shares on Tuesday as the social media giant’s stocks hit a 12-month low in the wake of founder Jack Dorsey’s decision to step down as CEO. AEK Investment Management, which already has one of the biggest shareholdings in [...]
City Moves: Who’s switching jobs in the Square Mile today? December 1, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Two Magnolias UK-focused venture capital investor Two Magnolias has posted the former UK head and European president of BP to its board. Peter Mather, who will chair the board, will help Two Magnolias close its new £50m sustainability [...]
London lags behind country on house price growth December 1, 2021 London is still playing catch up to the rest of the country on house price growth, Rightmove data revealed today. The national average price of property is set to rise 5 per cent next year, thanks to the ongoing trends of fierce buyer demand and low stock levels. However, the London market will grow at [...]
Kin + Carta Chairman John Kerr CA on becoming the first London-listed B-Corporation December 1, 2021 This article first appeared in ICAS’ CA magazine. Kin + Carta helps clients undergo digital transformation. But, crucially, its strong ethical underpinning means it’s set to become the first London-listed B-Corp. Chairman John Kerr CA explains why it’s blazing the trail. Kin + Carta describes itself as a transformative business. At first glance, this refers to [...]
West End landlord Shaftesbury posts smaller annual loss thanks to retail rebound November 30, 2021 West End commercial landlord Shaftesbury posted a smaller annual loss thanks to its hospitality and retail firm tenants rebounding after lockdown. “There has been great progress on Shaftesbury’s road to recovery in recent months,” chief executive officer Brian Bickell said in a statement yesterday. However, he cautioned that there was “still further to travel before [...]
TSB becomes latest bank to announce closures as it shuts 70 branches November 30, 2021 TSB said it will close more branches as use by customers “declines further” and more people are choosing to bank digitally. It said 150 jobs will be affected by the move, but that all staff will be offered alternative roles at TSB. It stressed that it will continue to have the seventh largest branch network [...]
City Moves: Who’s switching jobs in the Square Mile today? November 30, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. KPMG KPMG has posted a new partner to its financial services technology practice, who moves from technology and consulting giant IBM. The former chief technology officer for IBM’s financial services offering, Bharat Bhushan, joins the Big Four [...]
Omicron: Face masks now mandatory in shops and public transport November 30, 2021 People are now required by law to wear face masks in shops and public transport as a part of the government’s efforts to fight the new Omicron variant found in South Africa. The new laws, that came into effect at 4am this morning, also include a stricter testing regime for international arrivals. All international arrivals [...]