Peel Hunt staff buyout from KBC completes November 29, 2010 BROKER Peel Hunt has started life as an independent entity after completing a buyout by its staff. The buyout from former owner KBC, a Belgian bancassurance firm, was completed on Friday and values the company at £74m – a third of the £218m KBC bought it for in 2001. Peel Hunt’s employees own 75 per [...]
CITY MOVES | WHO’S SWITCHING JOBS November 22, 2010 Matrix Group Matrix, the financial services firm, has announced the appointment of a new chief operating officer for asset management: Paul Bramley. Bramley has worked in financial services for more than 20 years, including occupying previous COO and chief financial officer roles. He is also a qualified chartered accountant and has worked at NatWest Markets, [...]
CITY MOVES | WHO’S SWITCHING JOBS November 22, 2010 Matrix Group Matrix, the financial services firm, has announced the appointment of a new chief operating officer for asset management: Paul Bramley. Bramley has worked in financial services for more than 20 years, including occupying previous COO and chief financial officer roles. He is also a qualified chartered accountant and has worked at NatWest Markets, [...]
CITY MOVES | WHO’S SWITCHING JOBS November 16, 2010 Barclays Corporate Barclays Corporate has appointed a new head of financial institutions. Matt Tuck will return to the bank where he started his career, having worked for the last eight years for Deutsche Bank. In his new role, he will be responsible for enacting a new stage in the expansion of the bank’s financial institutions [...]
Post Office to serve banks’ customers November 9, 2010 Royal Bank of Scotland (RBS) and NatWest customers will be able to access current and business accounts at Britain’s 12,000 post offices after the government ditched plans for a state-backed Post Office bank. The agreement means post offices will provide services for 80 per cent of current accounts in Britain, postal affairs minister Edward Davey [...]
Post Office to serve banks’ customers November 9, 2010 Royal Bank of Scotland (RBS) and NatWest customers will be able to access current and business accounts at Britain’s 12,000 post offices after the government ditched plans for a state-backed Post Office bank. The agreement means post offices will provide services for 80 per cent of current accounts in Britain, postal affairs minister Edward Davey [...]
Chequing in with the best November 4, 2010 In a wonderful example of stating the obvious, the Office of Fair Trading yesterday published evidence that retail banking in Britain isn’t very competitive. For most people, that will probably come as no surprise. Though customer service has been getting better in almost every other industry, in retail banking limited weekend opening hours, unhelpful call [...]
Metro Bank hires former Abbey director to board November 2, 2010 METRO Bank, the first new start-up bank to hit the UK high street in 100 years, yesterday said it had hired Graeme Hardie, the former executive director for retail banking at Abbey National, as a non-executive director. Hardie is an old hand in the retail and business banking world. Prior to joining Abbey, where he [...]
CITY MOVES | WHO’S SWITCHING JOBS October 7, 2010 Jefferies The investment bank has hired Simon Hampton from Bank of America Merrill Lynch as its new European head of real estate, gaming and lodging investment banking. Hampton spent over 13 years at BoA Merrill Lynch, including eight as head of the real estate, gaming and lodging investment banking group for the EMEA region. Prior [...]
Butt retracts England fixing claims, but doesn’t say sorry September 29, 2010 PAKISTAN Cricket Board chairman Ijaz Butt last night officially retracted his allegation that England players accepted “enormous amounts of money” to throw a match. Butt spent yesterday in talks with the England and Wales Cricket Board, which had threatened to launch legal action against him unless he made a “full and unreserved apology”. That apology [...]