City Moves for 07 November 2014 | Who’s switching jobs November 6, 2014 Lloyds Bank Commercial Banking Oliver Knight has been appointed head of the bank’s group and public sector team and head of regulatory response. He joins from Accenture, where his experience included four years working in its financial services strategy practice. Deutsche Bank Elizabeth Nolan has been appointed head of custody and clearing at the bank. [...]
OneSavings Bank share price down as investors remained disappointed despite loans jump November 5, 2014 Shares dropped at OneSavings Bank yesterday as investors were disappointed with its performance in the first quarter since the lender floated on the stock market. The bank originated £0.4bn of new loans in the three months since it floated in June, taking loans for the year to date up to £1.1bn. “Demand in our chosen markets [...]
City Moves for 06 November 2014 | Who’s switching jobs November 5, 2014 Bristows The law firm has announced the appointment of Matt Dennis as a partner in its corporate practice. He joins from Bird & Bird, and has particular experience in international M&A and corporate transactions for clients in technology-related industries. Axa Investment Managers Gregory Venizelos has been appointed senior credit strategist in the asset management company’s [...]
Save money on your overseas transfers November 5, 2014 Whether you’re dreaming of buying a place in the sun, emigrating abroad or need to send money to family and friends overseas, you could save money with a currency specialist. For many people their bank would be the obvious choice when moving money overseas, but banks do not traditionally offer the most competitive exchange rates. [...]
Rising London house prices: What we can learn from Cyprus’s 2013 economic crash November 5, 2014 As international buyers continue to snap up London property and send house prices skyrocketing, a group of economists has suggested the events leading up to Cyprus's 2013 economic crash should be taken as a warning to UK banks. In March last year, Cyprus's debt had spiraled so far out of control that it came [...]
Allen & Overy advises on $1bn Xiaomi loan November 4, 2014 Allen & Overy is advising on a $1bn (£625m) loan for Chinese smartphone maker Xiaomi. Partners Vicki Liu and Yvonne Ho lead the Allen & Overy team with support from associates Elaine Liu and Welber Yim. The loan is being provided by a syndicate of 29 lenders from Chinese, European, North American and [...]
ETF essentials: Why low cost funds are often the best performers November 4, 2014 THE ACTIVE versus passive investing debate has been rumbling on for years within the investment industry and the media. Often the views are polarised – fully active or fully passive – but they also regularly miss out a key part of the debate: getting your asset allocation right. Myriad studies have highlighted that this is [...]
Tinder CEO and co-founder Sean Rad is out as boss of IAC’s star startup November 4, 2014 The chief executive and co-founder of hugely successful dating app Tinder has been removed by majority owner IAC. Sean Rad will stay on as president and remains on the board. He will stay on until a new chief executive is found. Rad was ousted from the position after a call last month from IAC’s Sam [...]
UK house price growth may be slowing, but Persimmon is bullish November 4, 2014 Persimmon has enjoyed the fruits of 2014’s high house-price inflation, but there were signs in its third quarter figures that a cooling market is beginning to take its toll. The UK’s largest house builder by market capitalisation announced a 12 per cent increase in forward sales totalling £696m in the three months to the end [...]
YFM Equity Partners invests in £6m buyout of Springboard November 3, 2014 YFM Equity Partners has invested £3m into the £6m management buyout of Springboard Research—a retail performance monitoring firm. The cash injection is aimed at allowing the Bedfordshire-based Springboard to build its business in the UK among retailers and property owners, and further expand in North America and Europe. As part of the deal, Thomas Bittleston [...]