City Moves for 12 September 2014 | Who’s switching jobs September 11, 2014 Lend Lease The property and infrastructure group has appointed Paul King as managing director of sustainability for its European region. He will join in February 2015 from the UK Green Building Council, where he is chief executive. Zeus Capital Adam Pollock has been appointed head of corporate broking at the investment bank. He joins from [...]
Bank veteran Liz Airey to orbit Jupiter Fund Management as chair steps back September 2, 2014 Jupiter Fund Management swapped one investment banking veteran for another yesterday after its chairman was forced to retire due to ill health. Former SG Warburg financer Liz Airey was appointed chairman after incumbent Jamie Dundas, a former Morgan Grenfell banker, was forced to step down. Dundas, who is 63 and also a non-executive [...]
Monitise share price soars on extension to IBM partnership August 27, 2014 London-listed Monitise saw its shares soar 13.2 per cent yesterday after the mobile banking and payments firm announced a deeper alliance with business giant IBM. This would include the transfer of teams from Monitise’s development and implementation workforce to IBM. Monitise sells white-label mobile banking software – used by customers including Visa, Natwest and HSBC [...]
RBS share price falls as it is fined £15m for mortgage advice failings August 27, 2014 Shares in Royal Bank of Scotland fell 0.5% in early trading on Wednesday, after it was fined £14.5m for “serious failings” in the way it advised customers about mortgage loans, in another blow for the embattled bank. The Financial Conduct Authority found a series of failings by the state-owned bank and its Natwest arm in [...]
City Moves for 27 August 2014 | Who’s switching jobs August 26, 2014 EY The professional services firm has announced the appointment of Randy Miller as global automotive and transportation sector leader, effective immediately. He has more then 25 years’ consulting and client service experience with EY and, formerly, with Andersen Business Consulting, where he served as global automotive sector leader. Heptagon Capital The asset management firm has [...]
RBS mulls sale of Coutts’ units outside the UK August 11, 2014 Coutts might sell off its overseas arms, RBS told staff yesterday, as the bank looks to cut back its foreign operations even further. But the famous private bank’s UK business will not be sold, whatever happens to the rest of the group. RBS has refocused its operations on the UK since it collapsed [...]
Exclusive: RBS is big loser of seven-day switching while Santander wins customers July 22, 2014 RBS is losing the battle for banking customers, City A.M. can reveal, shedding 171,400 customers through the seven-day switching system and gaining just 95,000 current account customers. Overall, RBS and NatWest have lost a net 76,200 through the system since it was launched last September, according to City A.M. calculations based on figures from survey firm [...]
Why you should get over Salesforce Tower’s name – it’s good for the City July 8, 2014 The proposal to change the name of Heron Tower, one of the tallest buildings in the City of London, to “Salesforce Tower”, has been met by more than its fair share of controversy. People have always been resistant to change, but in this case, many of the objections raised seem to be particularly short-sighted. First, [...]
RBS cuts branch managers in London in latest efficiency drive June 18, 2014 NATWEST has cut more than 200 branch managers across England, Wales and London in a bid to drive costs. The RBS brand previously had five grades of branch manager and has reorganised them into just two grades – those who run big branches and those in charge of smaller sites. It is cutting 361 positions, then [...]
Don’t worry – despite the name shame, Salesforce Tower’s in pretty good company May 27, 2014 Hardly a day goes by when one of London’s newest skyscrapers isn’t making headlines and this week it’s the artist formerly known as Heron Tower. Last week it emerged that the building, on the City’s Bishopsgate, had signed a deal welcoming a new (and largest) tenant, American CRM giant, Salesforce. As part of the [...]