City Moves for 15 August 2016 | Who’s switching jobs August 15, 2016 P-Solve P-Solve, part of River and Mercantile Group, has appointed Ajeet Manjrekar as co-head of P-Solve alongside Ross Leach. Ajeet is re-joining P-Solve, having previously worked with the company as an investment consultant and principal until 2007. He subsequently worked for Deutsche Bank’s Asset Management business and spin-off Global Thematic Partners. Ajeet is an actuary with 18 years’ [...]
City Moves for 23 August 2016 | Who’s switching jobs August 23, 2016 Alpha FMC Alpha, the asset management consultancy, has appointed Adrian Keen as chief financial officer. Adrian will work with the senior team to oversee all financial operations of the group. Adrian brings broad experience with him to Alpha. A chartered accountant, Adrian worked in the audit function at KPMG before pursuing roles in industry, in sectors as diverse as software, [...]
City Moves for 5 September 2016 | Who’s switching jobs September 5, 2016 United Trust Bank United Trust Bank has appointed Richard Murley as its new chairman. His appointment follows the recent retirement of previous chairman, Nicholas Clegg CBE, who fulfilled the role for the last 15 years. Richard has been chairman of the University College London Hospitals Foundation Trust (UCLH) since 2010. He is a qualified solicitor and has [...]
As a beleaguered Deutsche Bank faces a $14bn fine, Angela Merkel has ruled out state aid, but could a bailout be on the cards? September 27, 2016 Recent discussion of possible European bank bailouts has focused on Italy. Saddled with €360bn of souring loans and enfeebled by a stagnant, over-regulated economy, a number of Italian lenders face a very real risk of insolvency. In July, the country’s third largest, Monte dei Paschi di Siena, failed a stress test set by the European Central [...]
“Forces in the market want to weaken us”: John Cryan seeks to reassure Deutsche Bank staff September 30, 2016 Deutsche Bank shares edged back over the €10 mark in mid-morning trading after chief executive sought to reassure staff in a company-wide memo. In the document, Cryan suggested the bank was strong and hit out at "speculators" for causing wild swings in the company's share price. "Our bank has become the object of heavy speculation – renewed rumours [...]
City Moves for 20 June 2016 | Who’s switching jobs June 20, 2016 Burford Capital Burford Capital, a global finance firm focused on law, has expanded its team in London. Leeor Cohen has been appointed vice president. Most recently a director in the leveraged finance business at Bank of America Merrill Lynch, Leeor joins Burford’s global investment team with a broad range of experience as a lawyer, investment [...]
City Moves for 23 June 2016 | Who’s switching jobs June 23, 2016 CMS Anna Burchner has been promoted to a partner in law firm CMS' London tax team. Anna has been a senior associate in the tax team since 2005 and is noted for her expertise in both international and domestic tax, particularly funds and financial services related work. She has significant experience on the tax structuring of high-value, multi-jurisdictional [...]
RBS’s share price drops as losses widen more than expected to £968m April 29, 2016 Losses at Royal Bank of Scotland have widened more than expected in the first quarter of 2016, as the bank confirmed it will have to consider alternatives for its plan to offload William & Glyn. Shares dropped by more than two per cent to 239p in response to the news. The figures RBS made an attributable [...]
All aboard! The banking rollercoaster ride is here April 27, 2016 The UK’s banks have been on a rollercoaster ride since the dark days of the credit crunch in 2008, from PPI mis-selling to Libor and the Forex scandal. Recent woes include market volatility, capital buffers and low interest rates depressing margins. As first quarter reporting season kicks off with Barclays today, some good news at [...]
City Moves for 5 April 2016 | Who’s switching jobs April 5, 2016 Bevan Brittan Law firm Bevan Brittan has announced that Joanne Easterbrook has been appointed senior partner with effect from 1 May 2016. Joanne succeeds Bethan Evans in the post, who is returning to full-time local government client work. Joanne is a highly experienced partner and recognised specialist, leading the firm’s clinical risk practice and counting [...]