Mazars faces accounting tribunal over First Quench pension advice August 5, 2013 THE ACCOUNTANCY watchdog is investigating Mazars and the managing partner of its London office over pension advice given to the now-defunct drinks firm First Quench Retailing. The Financial Reporting Council has made a formal complaint about Mazars and partner Richard Karmel, claiming their conduct “fell significantly short of the standards reasonably to be expected”. The [...]
City Moves for 09 April 2014 | Who’s switching jobs April 8, 2014 InvestecInvestec Specialist Bank has expanded its growth and acquisition finance team with the appointment of Helen Lucas. She joins from Barclays, where she was a vice president in its debt finance origination team. Knight Frank Investment ManagementThe investment management business has made two appointments. Belinda Harris joins as an investment manager from Capita, where she [...]
Regulator furthers probe into RBS January 17, 2014 An update on the Financial Conduct Authority's investigation into RBS. The City regulator has said this morning that it's appointed global consulting firm Promontory Financial Group and financial advisory company Mazars to conduct a report into RBS' treatment of struggling customers. It'll also look at the claims made in the reports by Dr Lawrence Tomlinson [...]
City Moves for 05 February 2014 | Who’s switching jobs February 4, 2014 Trowers & Hamlins The law firm has announced the appointment of Simon Owen as a partner in its banking and finance division. He was most recently at Squire Sanders, where he was a partner in its banking team and head of its banking practice before the Squires merger. Julius Baer The private banking group has recruited [...]
City Moves for 07 November 2013 | Who’s switching jobs November 6, 2013 Quantum Advisory The actuarial and benefits consultancy firm has announced the hire of Darren Wateridge as senior consultant and actuary. He has over 15 years’ experience in the pensions market. He was most recently at Aegon, where he worked in its corporate solutions division. CMS Cameron McKenna The legal and tax services company has recruited Keith [...]
Watchdog sets out plans to shake up accountancy July 22, 2013 THE COMPETITION Commission has stopped short of forcing companies to regularly change their auditor, in a package of planned reforms that has split the accountancy profession. Smaller auditors yesterday called for the watchdog to go further, while the so-called Big Four firms warned of the red tape that could come with plans to force FTSE [...]
Anti-trust body to rule on audit work this week February 18, 2013 THE Big Four accounting firms will learn this week whether the UK Competition Commission plans to shake up the industry to give smaller challengers a better shot at winning audit work. KPMG, PwC, Ernst & Young and Deloitte, which together audit all but a handful of Britain’s biggest firms, have told the commission that the [...]
Who’s switching jobs October 4, 2012 Alliance Trust Savings The consumer finance division of Alliance Trust has appointed Patrick Mill as its new managing director. Mill has over 20 years’ experience in financial services, and has previously worked as sales director at Prudential and managing director of financial services at Bradford and Bingley. Linklaters Charles Clark has been appointed global knowledge [...]
Bumi calls in Macfarlanes to probe Indonesian unit September 25, 2012 MINING group Bumi yesterday called in City law firm Macfarlanes to investigate alleged financial irregularities at its Indonesian operations, as the firm’s share price plummeted almost 25 per cent following the news. The allegations at the FTSE 250-listed miner, cofounded by financier Nat Rothschild, relate to Bumi Resources, in which London-listed Bumi holds a 29 [...]
CITY MOVES WHO’S SWITCHING JOBS August 5, 2012 AXA Wealth Andrew Smith has been appointed chief operating officer of the wealth management firm’s Elevate investment platform. He joins from Nucleus, where he was responsible for its platform design and build. Smith has also held senior roles at Logica and Thomson Reuters. Mazars The advisory firm has appointed Phil Verity to the position of [...]