CITY MOVES | WHO’S SWITCHING JOBS July 2, 2012 Kingfisher Karen Witts will join the home retailer’s board as finance director in October. She is currently finance chief for Africa, Middle East, Asia and Asia Pacific at Vodafone, and is also a non-executive director of Wolseley. Witts worked at BT Group for more than 10 years, most recently as finance head for BT Retail. [...]
Apple pays out $60m to settle iPad trademark dispute July 2, 2012 Royal Mail has increased annual profits and said that its core postal business is also back in the black for the first time in four years. The delivery service made a profit of £23m on revenues of £7.2bn, up from a loss of £120m last year. The business, which delivers to 29m UK addresses, says [...]
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 [...]
Ocado says sales hit by Jubilee June 26, 2012 Online supermarket Ocado said trade in its third quarter was disrupted by celebrations to mark Queen Elizabeth II’s Diamond Jubilee as it posted a 4.5 per cent rise in underlying first half earnings. “The third quarter is particularly hard to forecast as we have already seen some disruption from the Jubilee events, and there is [...]
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 [...]