City Moves Who’s switching jobs September 16, 2012 Bowring Marsh Andrew Chester has been appointed chief executive of the insurance broking firm’s specialist international placement broking division. He succeeds Nick Bacon, who is leaving after 26 years in the company. Chester was previously head of Bowring Marsh’s UK and Ireland divisions. He has over 25 years’ experience in the insurance sector. Simmons & [...]
London taxi maker hit by errors in its accounts August 14, 2012 SHARES in Manganese Bronze slid by a third yesterday after the London black cab maker admitted it had a £4m hole in its accounts. Engineering firm Manganese Bronze, which is 20 per cent owned by Chinese car group Geely, has delayed its half-year results due to the accounting errors caused by the implementation of a [...]
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 [...]
CITY MOVES WHO’S SWITCHING JOBS May 20, 2012 CBRE The global real estate adviser has announced that Dr Neil Blake has been appointed head of Europe, Middle East, Africa and UK research. Blake joins from Oxford Economics, the economic forecasting consultancy, where he was director of economic analysis. He is a founder director of Business Strategies, which became part of Experian in 2002. [...]
CITY MOVES WHO’S SWITCHING JOBS May 14, 2012 Grant Thornton The professional services firm has appointed Andy Morgan as a partner in its London corporate finance team. Morgan is a technology expert and has over 17 years’ experience in mid-market mergers and acquisitions. He joins from PwC, where he led its UK technology, media and communications sector team. Mazars John McMahon has been [...]
CITY MOVES | WHO’S SWITCHING JOBS March 29, 2012 Assura The UK’s leading primary healthcare property company has announced the appointment of Graham Roberts as its new chief executive, with immediate effect. Roberts has worked in the property sector for the last sixteen years, most recently as finance director of British Land, one of the UK’s largest real estate investment trusts. Roberts replaces Nigel [...]
Audit watchdog to cut fees after making savings March 4, 2012 THE spending watchdog for England’s local authorities has said today it will cut audit fees by 40 per cent. The Audit Commission, which will be abolished this year, said outsourcing and internal cost-savings meant audit fees for most local public bodies will fall by £250m over five years. The savings will come in part from [...]
Insurance firms need regulators to pay attention March 4, 2012 PRUDENTIAL’S threat to quit the UK and move its headquarters to Asia isn’t a hollow one. There is a growing feeling in the City that British insurers are getting a raw deal from Solvency II, the new capital requirements that will soon govern the sector. There is wide acknowledgement that the UK regulator, the Financial [...]
Why the CBI was wrong to attack EC audit reforms December 6, 2011 AUDITING is at a crossroads. The House of Lords Economic Affairs Committee, the Office of Fair Trading, the European Commission, the US audit regulator (PCAOB) and investors all have substantial concerns about the listed company audit model. John Cridland of the CBI outlined the case for resisting the EC’s new proposals in these pages last [...]
UK business slams Barnier audit reforms November 30, 2011 A number of business groups, including the CBI, yesterday slammed Michel Barnier’s proposals to shake up the audit market, saying they were “the latest in a long line of unnecessary distractions coming out of Brussels that would only serve to add to business costs”. Matthew Fell, director for competitive markets at the CBI, the employers’ [...]