Meet the investment banker who gave insurance a whirl October 14, 2012 AFTER the chaos of last year, 2012 has so far been something of a relief to the insurance industry. A perfect storm of floods in Australia and Thailand, the Japanese tsunami and nuclear disaster and the earthquake in New Zealand made 2011 the second most expensive on record for the Lloyd’s of London market, and [...]
City Moves | Who’s switching jobs October 14, 2012 Royal Bank of Scotland John Shelley has joined RBS as chief risk officer, Asia Pacific, for all RBS businesses in the region. Shelley began his banking career with NatWest and RBS in the UK, and he has previously worked for Coutts Private Banking in Asia and has since held a number of senior roles with [...]
City Moves | Who’s switching jobs October 9, 2012 NGBI Private Equity David Turner has joined NGBI’s UK team as an investment manager. He qualified as an accountant with Grant Thornton before transferring into its corporate finance team, and was most recently a member of Experian’s corporate development office. Chadbourne and Park The law firm has announced that Silvia Fazio has joined the firm as an [...]
IT jobs up after RBS system crisis September 16, 2012 BANKS are taking on increasing numbers of IT workers and contracts in the wake of the RBS and NatWest systems breakdown, according to a report out today from industry recruiters BrightPool. And mobile banking is set to lead job creation in the sector this year, as banks look to attract consumers on new platforms. Fifty-six [...]
Ryanair bullish on Aer Lingus September 4, 2012 RYANAIR chief executive Michael O’Leary believes he can make a deal with competition authorities to clear the way for his takeover of rival airline Aer Lingus. O’Leary told reporters yesterday: “We are confident that the remedies package will be enough to satisfy competition issues. “There are 46 cross over routes and we will remedy all [...]
PwC to probe RBS IT failures September 4, 2012 AN INDEPENDENT team from PwC has been appointed to head the Financial Services Authority’s investigation into the systems meltdown that hit tens of thousands of RBS, NatWest and Ulster Bank customers earlier this year. The regulator wants a thorough investigation to find out exactly how well the bank has done at taking steps to make [...]
City Moves | Who’s switching Jobs September 4, 2012 DAC Beachcroft Anthony Menzies has been appointed as a partner in the law firm’s London-based global insurance team. He joins from Taylor Wessing, where he was a partner in its insurance and reinsurance group. Menzies is a specialist in marine, energy and engineering law, and has also previously held roles at Clyde & Co and [...]
Cook could be in for a rough start as England’s new leader August 29, 2012 WHEN Andrew Strauss took over as captain he inherited an England team in a desperate state, following the fiasco of Peter Moores’s and Kevin Pietersen’s departures. Now, as he leaves, the team is in much better health, and for that he deserves great credit. His decision to retire is terrific, because the temptation to stay [...]
Olympian rate of openings August 9, 2012 IN SPITE of the somewhat quiet state of London’s streets during the Games, there have been a variety of recent openings to keep things lively, the first of which is the return of The Hippodrome to Leicester Square. This sprawling casino complex comprises of gaming floors, a restaurant, lounge bars, balconies, private rooms and a [...]
RBS expected to announce costs for IT blunder August 2, 2012 ROYAL Bank of Scotland is expected to announce plans to set aside millions of pounds today to pay for costs related to its computer blunder in June, which left it unable to process customer transactions. The bank, which is 82 per cent owned by the taxpayer, will reveal its first interim results since the meltdown [...]