Tsunami of resignations in war for talent hampers businesses’ growth across UK November 10, 2021 Fierce competition for talented new hires is forcing business leaders across the UK to compromise on the quality of their recruitment, while almost half saying they are not confident in being able to attract the right talent to fulfil their businesses growth potential. A wave of resignations, by professionals joining another company or making a [...]
City Moves: Who’s switching jobs in the Square Mile today? November 10, 2021 Deloitte Deloitte has posted a new partner to its financial advisory practice, who is set to head real estate mergers and acquisitions (M&A) for the sector. Bringing 17 years experience in M&A and principal investments to the position, Abhishek Jaiswal joins the Big Four firm from Bank of America where he was a lead real [...]
How financial services must respond to the Chancellor’s challenge to the sector at COP26 November 8, 2021 | Sponsored The major surprise announcement for the UK’s financial sector at COP26 came this week in the form of a pledge by the Chancellor, Rishi Sunak, for the UK to become the ‘world’s first net zero aligned financial centre.’ This very bold ambition, which we see as a natural leadership step for the UK to take [...]
City law pay war intensifies: Ropes & Gray raises new lawyer salaries to eye-watering £147k November 5, 2021 Ropes & Gray has hiked the salaries of newly qualified lawyers in London by 13 per cent, as the bidding war for legal talent intensifies. Freshly qualified lawyers at the London offices of the US law firm will now take home £147,000 – with their bonus added on top – marking a neat step up [...]
City Moves: Who’s switching jobs in the Square Mile today? November 5, 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. Growthdeck Private equity firm Growthdeck has added the former chief investment officer at Schroders & Co to its advisory board. Bringing 25 years experience to the position, Kieron Launder has worked with a string of top financial [...]
Stephenson Harwood raises newly qualified lawyer salaries to £90,000 November 4, 2021 Stephenson Harwood have raised salaries for newly qualified solicitors by 20 per cent to £90,000, as City law firms fight to attract and retain legal talent in an increasingly competitive market. While newly qualified lawyers enjoy a jump up from £75,000, staff across different levels will receive bumpers, ranging from 8-17 per cent, to their [...]
Inflation to peak at five per cent, warns Bank of England November 4, 2021 The Bank of England will persistently miss its inflation target over the next two years, according to fresh forecasts published by the Old Lady today. Officials on Threadneedle Street expect the rate of price rises to peak at five per cent in April next year and stay above its two per cent target in two [...]
Mark Kleinman: Will Barclays be able to explain their backing for Staley? November 4, 2021 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Barclays in the headlines again What is it about Barclays and rough-Diamond bosses? In the end, the surprise was not so much that Jes Staley left the British bank mired [...]
Financial services in the game, but can’t play alone November 3, 2021 | Sponsored In this the first of a series of reports on the finance sector and greener economies, leading UK based financial and investment experts discuss the vital role the sector can play and the changes needed here and abroad to set it free. Given that the drive to net zero is the planet’s ‘fierce urgency of [...]
Greater Manchester is primed for net zero investment November 3, 2021 | Sponsored COP26 is an unprecedented opportunity for the United Kingdom to present to the world a credible plan to reach net zero carbon emissions. In Greater Manchester, we are a model other towns, cities and city-regions can follow – showing how a green and growing economy can also be a levelled up one. Reaching net zero [...]
