City Moves for 24 July 2015 | Who’s switching jobs July 23, 2015 CVC Credit Partners Chris Fowler has been appointed managing director in the asset management and investment firm’s private debt team. Based in London, he joins from GE Capital, where he was managing director in the mid-market leveraged finance origination team. Fowler began his career at Morgan Stanley. Lloyds Bank Commercial Banking The bank has announced [...]
City Moves for 17 July 2015 | Who’s switching jobs July 16, 2015 Marketform The Lloyd’s underwriter has announced the appointment of Alistair Marriott as joint deputy head of marine and class underwriter cargo. He joins from QBE, where he was cargo portfolio manager for the past 12 years. Allianz Global Investors The investment management firm has appointed Johnnie Barnett as director of UK institutional business development. He [...]
Vote No to Scottish independence urges Lloyd’s of London boss John Nelson September 3, 2014 The chairman of Lloyd’s of London last night urged Scots to vote No in the independence referendum which is just two weeks away, warning a Yes vote would be a blow to the City. At the insurance market’s annual dinner, John Nelson threw his weight behind a united UK, telling guests he would be “extremely [...]
TM Lewin plots management buyout deal with US investor June 28, 2015 SHIRTMAKER TM Lewin has enlisted the help of an American private equity company to back a £100m management buyout of the business. The retailer’s management team, led by chief executive Geoff Quinn, is understood to be close to striking a deal with Sankaty Advisors, an affiliate of Bain Capital, to buy the 20 per cent [...]
Five FinTech startups to watch: RBS, Lloyds and American Express back finance innovation June 17, 2015 Five tech startups seeking to disrupt the financial industry have caught the eye of some of the world's leading firms in the sector. A savings app, a company using visual cryptography to create secure passwords and a real-time sales platform for local businesses are just three of the winners in the search for startups creating [...]
City Moves for 30 July 2015 | Who’s switching jobs July 29, 2015 Principal Global Investors The asset management firm has announced several appointments to its fixed income team in Europe. Mark Cernicky and Randy Woodbury (pictured) transfer to its London office. Cernicky has 15 years’ investment experience and is a managing director. Woodbury is a senior portfolio manager and trader. In addition, Nicolas Woodcock joins as senior [...]
Mansion House Speeches 2015: What do the analysts think? June 10, 2015 Chancellor George Osborne and Bank of England Governor Mark Carney have both said their parts at the annual Mansion House speeches, but what do the analysts think? New Budget surplus rule John Cridland, director-general at CBI, says the budget plan will be good for businesses: Business wants the Government to aim for an absolute [...]
Sheffield shows why manufacturing and finance enjoy a glorious synergy August 2, 2015 My title might be “lord mayor of the City of London”, but really that’s quite misleading. It’s my job to represent the whole of the UK’s financial and professional services industry, wherever it’s based. London may well be the largest single financial services centre in the UK, but 1.7m of the 2.1m people employed by [...]
Slug & Lettuce owner Stonegate gearing up for £1bn float May 26, 2015 Stonegate, the pub company that owns Slug & Lettuce and Yates's, is considering floating on the London stock market next year. The business, which owns more than 600 pubs and bars in the UK, has begun speaking to investment bankers about going public at some point in 2016. The group – the UK's [...]
UK growth picks up but global fears hit morale July 12, 2015 Strong domestic demand is lifting UK growth, according to new figures out this morning, yet fears over global headwinds are knocking confidence in the economy. Lloyds Bank’s purchasing managers’ index – a survey of businesses – climbed to a score of 57.5 in June from May’s 55.9, new data reveals today. London led the [...]