Touch-down in Shanghai: getting ready for business June 24, 2012 MAKING my way across Shanghai following a 12 hour flight from London and a six hour flight from Boston left me urgently desirous of a tranquil bedroom, soft bed and a deep bath. As I was heading to the Four Seasons, I figured the only obstacle to achieving these would be traffic – an elegantly [...]
CITY MOVES | WHO’S SWITCHING JOBS June 18, 2012 Duncan Lawrie Jane Parry has been appointed to the UK board of Duncan Lawrie Private Bank. She joined the business a year ago and is now director, head of marketing and new business development. Parry started her banking career at Barclays, where she became marketing director of Premier banking in 2006. She has also held [...]
Selling off unproductive assets is liberating music to a capitalist’s ears June 18, 2012 AFTER close to six years of marriage, my wife and I have finally merged our CD collections. As we don’t own a CD player, we realised that we didn’t need two copies of many albums we both own. Plus, she assured me that, if we get divorced, I would get to keep them anyway. I [...]
CITY MOVES WHO’S SWITCHING JOBS June 17, 2012 Cushman & Wakefield The commercial real estate services firm has announced that James Meikle will transfer from its Europe, Middle East and Africa corporate occupier and investor services team to head up occupier representation. He will specialise in advising City and Canary Wharf occupiers. Meikle previously ran Cushman & Wakefield’s office leasing business in Milan. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 14, 2012 FINANCIAL TIMES Money managers reap US crop insurance rewards Institutional money managers have emerged as unlikely beneficiaries of a subsidised safety net for US farmers set for expansion by Washington. Basel III will damage developing countries Tough global bank reforms will be disproportionately difficult to implement in developing economies and will damage their growth, a [...]
CITY MOVES | WHO’S SWITCHING JOBS June 13, 2012 Kleinwort Benson Clive Wright has been appointed head of private wealth management offshore at the private bank. He will report to Stephen Rothwell, head of private wealth management. Wright joined in January 2012 from Deutsche Bank, where he was head of its private wealth management division. Credit Agricole Xavier Musca has been appointed executive vice [...]
CITY MOVES | WHO’S SWITCHING JOBS June 11, 2012 Bellzone Mining The resource development company has appointed Glenn Baldwin as its next chief executive, effective 3 September. He joins from Consolidated Minerals, where he has been chief executive since September 2010, and replaces Nik Zuks. Baldwin has previously held senior roles at Gold Fields, Ivanhoe Nickel and Platinum, Southern Era Diamonds and Anglo American. [...]
LONDON REPORT June 10, 2012 THE week starts with a quarterly trading statement from grocer Tesco, which is expected to report a fall in earnings because of tough economic conditions and fierce competition. Tomorrow will see the release of the UK’s latest industrial production and manufacturing data, plus a speech from Paul Tucker, deputy governor of the Bank of England. [...]
BlackBerry maker hires banks to explore options May 29, 2012 Troubled technology firm Research in Motion (RIM) opened the door to a sale or break-up yesterday after appointing bankers to help carry out a review. The struggling BlackBerry maker has hired JP Morgan and Royal Bank of Canada as it said it could post a first quarter operating loss. The bankers have been asked to [...]
Jaguar Land Rover roars to record profits May 29, 2012 THE RECOVERY in Britain’s car industry accelerated yesterday when Jaguar Land Rover posted record annual profits of £1.51bn. The group sold 314,433 vehicles in the 12 months to 31 March, its highest ever figure and up by 29.1 per cent. Indian parent company Tata Motors also said it would increase investment in the firm to £2bn [...]