CITY MOVES | WHO’S SWITCHING JOBS May 23, 2010 Ofcom Stewart Purvis will quit media regulator Ofcom after a two-and-a-half year stint at the quango. He will leave his post in the autumn. He was responsible for content regulation and standards. He was previously chief executive at ITN and has over 30 years of broadcast experience, including working for the BBC and ITN. At [...]
City regulator banishes Sir Fred’s RBS sidekick May 18, 2010 SIR Fred Goodwin’s former right hand man at the Royal Bank of Scotland (RBS) faces a blanket ban on full-time employment in the City for the rest of his career, under a ruling imposed yesterday by the Financial Services Authority (FSA). The regulator’s draconian verdict came after a year-long investigation into the role played by [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 12, 2010 FINANCIAL TIMES TOP CITY SKYSCRAPER FOR SALE Tower 42, the tallest occupied skyscraper in the City, will be put up for sale as booming prices return to London’s commercial property market. The 600ft former NatWest tower near the Bank of England is expected to fetch more than £300m ($461m) when its owners, Hermes Real Estate [...]
CITY MOVES | WHO’S SWITCHING JOBS March 23, 2010 Ernst & Young Dawn Aloof has joined EY from rival PricewaterhouseCoopers, to lead its Europe, Middle East, India and Africa (EMEIA) financial services transaction integration practice. Aloof also previously spent 15 years at Barclays, where she was responsible for clients’ global operating strategy, planning and M&A operations. She is joined by four ex-PwC colleagues: Ari [...]
CITY MOVES | WHO’S SWITCHING JOBS March 7, 2010 Santander The Spanish banking group has appointed Damian McGann as head of business development in its corporate banking team. McGann has over 20 years of experience in the sector and joins from Lloyds Banking Group, where he previously headed up substantial businesses in the Midlands and Scotland. He will focus on a range of businesses, [...]
New look board behind the turnaround at RBS February 25, 2010 The Royal bank of Scotland chairman yesterday pinned the bank’s change in fortunes on the strength of its new board. Philip Hampton said the people who brought the institution to the brink of collapse have all been culled. The board, which has stemmed RBS’ losses at £3.6bn after it lost £24bn the year before, has [...]
CITY MOVES | WHO’S SWITCHING JOBS February 21, 2010 PricewaterhouseCoopers The accountancy giant has taken on banking veteran Martin Allison as a director to head up its debt advisory services team in the North. Allison started his career at NatWest before working his way up the ladder to become head of international banking services at RBS until 2008. He has recently pursued a more [...]
JP Morgan Chase clinches deal for RBS Sempra assets February 16, 2010 ROYAL Bank of Scotland (RBS) has struck a deal with JP Morgan to sell off part of its RBS Sempra joint venture after months of negotiations. The US investment bank will pay around $1.7bn (£1.1bn) for the global metals and oil operations along with the European energy business. However, the deal excludes RBS Sempra’s North [...]
Towry Law will use a substantial US cash injection to integrate acquisitions January 26, 2010 TOWRY Law has received a substantial cash injection from a US investment firm, it was revealed yesterday. Asset Management Finance invested an undisclosed sum in the acquisitive UK company. AMF’s funding took the form of mezzanine financing, typically used to finance expansion. But sources close to the company said the money would be used to [...]
Increase in 2009 UK exports January 24, 2010 The value of UK exports increased by £723m between the second and third quarters of last year, according to analysis by NatWest and Royal Bank of Scotland. The research showed 17 per cent of the goods were exported from the South East – the highest proportion of any UK region. But the biggest growth was [...]