City Moves for 11 October – who’s switching jobs? October 11, 2018 Today’s City Moves cover Octopus Property, White & Case and Houlihan Lokey. (Take a look at these movers and shakers.) Octopus Property Specialist property lender Octopus Property, part of the Octopus Group, announced the appointment of Paula Purdy as business development manager (BDM), north of England, reporting directly to D’mitri Zaprzala, Head of Sales. Paula’s appointment [...]
Standard Chartered reportedly facing $1.5bn Iran sanctions fine October 1, 2018 Standard Chartered is reportedly facing a fine of as much as $1.5bn (£1.15bn) from the US Department of Justice (DoJ) for violating sanctions on Iran. The British bank could face the penalty by the end of the year, although final discussions have not yet begun, Bloomberg reported. The investigation into Standard Chartered’s activities is focused [...]
Saudi Arabia denies reports the $2 trillion Aramco float has been cancelled August 23, 2018 Saudi Arabia’s energy minister today denied reports that plans to float part of its state oil and gas company Aramco had been cancelled. “The government remains committed to the initial public offering of Saudi Aramco, in accordance with the appropriate circumstances and appropriate time chosen by the government”, Energy Minister Khalid al-Falih said in a [...]
RBS set to reveal third quarter dividend policy after making first payment following financial crisis October 21, 2018 Investors in the Royal Bank of Scotland will be eager find out whether the bank will announce another dividend this week, as UK lenders reveal their third quarter results. The bank, which last year returned to profit for the first time since the 2008 financial crisis, recently paid its first dividend in 10 years. Read [...]
Frankfurt winning race with Paris for Brexit bank moves September 24, 2018 Frankfurt is winning the race to attract the banking jobs moving out of London because of Brexit, with 25 lenders having moved operations there ahead of the UK's departure from the EU, new research published today shows. Paris, which has been aggressively courting the City's financial institutions, has attracted nine moves, while Luxembourg and [...]
Sam Torrance: Schauffele’s Ryder Cup revenge on Finau will help him develop in his career October 29, 2018 Xander Schauffele produced an excellent finish to beat compatriot Tony Finau in a play-off and win the WGC-HSBC Champions in Shanghai over the weekend. The 25-year-old American shot three consecutive birdies on the final two holes and in the sudden death par-five to claim a third PGA title and put a winless season behind him. [...]
PwC loses FTSE 100 client crown in audit pass-the-parcel December 3, 2018 PricewaterhouseCoopers (PwC), the UK’s biggest accountancy firm, has had its crown – holding the highest number of FTSE 100 clients – snatched by rival KPMG. It is the first time PwC has lost its position as the leading auditor of the UK’s top blue-chip firms. KPMG now audits 28 FTSE 100 firms, to PwC’s 27, [...]
Man Group buys Sanlam Four’s strategic bond business September 5, 2018 Hedge fund manager Man Group has acquired Sanlam Four's strategic bond business and team. Portfolio managers Craig Veysey and Francois Kotze will move the Sanlam Strategic Bond fund to Man Group's discretionary investment management arm GLG. Read more: Why Coca-Cola’s acquisition of Costa makes sense for consumers The top-performing fund, which was set up by Veysey when he joined Sanlam in 2009, seeks [...]
Citi boosts Paris office ahead of Brexit with hires from UBS July 9, 2018 Citigroup has hired two bankers from UBS and relocated another top manager as it seeks to boost its Paris investment bank office shortly before the UK leaves the EU. The US bank's chair of continental Europe, Luigi de Vecchi, will relocate to Paris from Milan to oversee a "long-term commitment and investment that we are [...]
City Moves for 20 September 2018 – who’s switching jobs at Metro Bank, Investx and FedEx Express? September 20, 2018 Today's City Moves cover banking, finance and package delivery. Take a look at these movers and shakers: Metro Bank Metro Bank has appointed Catherine Brown as an independent non-executive director. Catherine holds various non-executive roles including: non-executive board member at the Cabinet Office, non-executive director of FNZ (UK) Limited and chairman and non-executive director of [...]