Long overdue report on RBS turnaround unit finally lands on watchdog’s desk October 5, 2016 The City watchdog has revealed it has received a long-awaited final report into RBS' old business turnaround unit. The Financial Conduct Authority (FCA) had initially been expected to publish review outcomes into RBS' now defunct Global Restructuring Group (GRG) by the end of 2015. However, the report, which is being compiled by "independent skilled persons" Promontory Financial Group [...]
Crunching the numbers: Mazars completes on deal with Corality Financial Group August 1, 2016 Get ready for a whole bunch of number crunching: Accountants Mazars has completed its acquisition of financial modelling and training firm Corality Financial Group. As part of the deal, Corality's training academy and financial modelling services will be rebranded as Corality by Mazars. The new brand will be led by Rickard Warnelid, previously Corality Group's chief executive who will now [...]
City Moves for 31 May 2016 | Who’s switching jobs May 31, 2016 International Property Securities Exchange IPSX (the new operating brand for the London Real Estate Exchange) has announced the appointment of Robert Bould as a non-executive director. Rob recently stepped down as chief executive of GVA Bilfinger (previously GVA Grimley), an international property agent and advisory firm, and executive vice president of Bilfinger Real Estate. Having [...]
Mazars revenue grows by 14 per cent for year ended August 2015, as advisory services grow by 25 per cent February 10, 2016 Mazars has today reported revenue of £149.7m in its UK business for its year ended August 2015, a rise of 14 per cent compared to £130.9m the year before. The accountancy firm also announced a boost in its profits to £28.8m, up 10 per cent from £26.2m in 2014. Phil Verity, UK senior partner at Mazars, said: "This [...]
City Moves for 26 January 2016 | Who’s switching jobs January 26, 2016 Ashurst Global law firm Ashurst has strengthened its international arbitration team with the appointment of Matthew Saunders as a partner in the dispute resolution practice, based in London. Matthew joins from DLA Piper, where he was global head of its international arbitration group and was one of the partners responsible for founding the practice. He [...]
Mazars merges with Chinese audit firm ZhongShen ZhongHuan January 18, 2016 Professional services firm Mazars announced today that it completed a merger with Chinese audit firm ZhongShen ZhongHuan in December last year. The newly-merged firm will operate in 77 countries, including 15 offices with 1,800 professionals in mainland China that were originally run by ZhongShen ZhongHuan. Mazars, which has had a presence in China for almost two decades, [...]
Financial watchdog, the FCA, pushes back RBS report on small business practices December 17, 2015 The release of a review into whether business customers of Royal Bank of Scotland (RBS) were mistreated has been pushed back until early 2016. The first part of the investigation into RBS's global restructuring group (GRG) was meant to be announced by the Financial Conduct Authority (FCA) before the end of this year. The financial [...]
City Moves for 10 November 2015 | Who’s switching jobs November 9, 2015 BNP PARIBAS INVESTMENT PARTNERS The asset management division of BNP Paribas has announced the appointment of Laurent Gueunier as head of alternative debt management. He joins from Axa Investment Managers, where he was head of structured finance. Gueunier has also worked within structured credit at JP Morgan and began his career within commodities trading at [...]
Tax and ad-spend October 18, 2015 William Railton explores what the OECD’s BEPS proposals mean for marketers THE OECD has released its last pieces of guidance to governments on tackling corporate tax avoidance, and intellectual property is in the firing line. The final Base Erosion and Profit Sharing (BEPS) report calls for multinationals to provide more information about their “intangible” assets, [...]
Guys just wanna have fun January 11, 2015 JLL’s boss tells Kasmira Jefford why his firm is anything but dull GUY Grainger has something he needs to get off his chest. It seems that some people might think that property and property advisory companies like JLL are, well, let’s say a little bit… dull. “People often say that to me and I think: [...]