CITY MOVES | WHO’S SWITCHING JOBS July 20, 2010 XENFIN CAPITAL The systematic trading firm has hired Luca Rubinelli to head up its new fixed income trading arm. Rubinelli joins from a family office, where he was a multi-asset portfolio manager on the proprietary trading desk. Prior to that, he was a director at Société Générale in the derivatives solutions group and also held [...]
Segro finalises APP purchase and sells assets June 22, 2010 INDUSTRIAL landlord Segro completed its purchase of BAA’s 50 per cent stake in the Airport Property Partnership (APP) yesterday, by selling £237m of its own assets to the venture. The sale means the APP portfolio of UK airport real estate has grown to £684m, the biggest investor in the sector. Segro agreed to buy into [...]
Segro finalises APP purchase and sells assets June 22, 2010 INDUSTRIAL landlord Segro completed its purchase of BAA’s 50 per cent stake in the Airport Property Partnership (APP) yesterday, by selling £237m of its own assets to the venture. The sale means the APP portfolio of UK airport real estate has grown to £684m, the biggest investor in the sector. Segro agreed to buy into [...]
CITY MOVES | WHO’S SWITCHING JOBS July 29, 2010 RBC Wealth Management The wealth manager has promoted Philip Harris to the position of head of private client wealth management for the British Isles. Harris has been at the firm since early last year, when he joined to create a domestic wealth management business. He previously founded financial advisory business Scott Goodman Harris, which was [...]
Cowdery takes £2bn AXA rights issue pitch to major shareholders June 15, 2010 RESOLUTION was in talks with its largest shareholders yesterday over the planned £2bn rights issue it will use to part-fund a swoop on AXA’s UK life and pensions business. Insurance entrepreneur Clive Cowdery’s team, led by former Lazard banker Jon Hack, is understood to be discussing a novel underwriting structure with investors including Aviva, Legal [...]
Cowdery takes £2bn AXA rights issue pitch to major shareholders June 15, 2010 RESOLUTION was in talks with its largest shareholders yesterday over the planned £2bn rights issue it will use to part-fund a swoop on AXA’s UK life and pensions business. Insurance entrepreneur Clive Cowdery’s team, led by former Lazard banker Jon Hack, is understood to be discussing a novel underwriting structure with investors including Aviva, Legal [...]
Lord Levene’s bank eyes up online assets July 11, 2010 LORD Levene and Sir David Walker’s new high street bank plans to scour the market for potential online banking acquisitions after initially launching a bid for a retail branch network. NewBank, which does not yet have an official name, is currently eyeing up state-owned assets put on the block by Lloyds Banking Group and Northern [...]
Lord Levene’s bank eyes up online assets July 11, 2010 LORD Levene and Sir David Walker’s new high street bank plans to scour the market for potential online banking acquisitions after initially launching a bid for a retail branch network. NewBank, which does not yet have an official name, is currently eyeing up state-owned assets put on the block by Lloyds Banking Group and Northern [...]
CITY VIEWS: should vat go up or should banks be taxed more? June 10, 2010 BRIAN COLGAN | AVIVA “I think tax the banks more. Increasing VAT equals less spending which drives less money into the economy. They caused the problem so they can get us out of it.” JAMIL ALAM | RBS “Definitely the banks in my opinion. Why charge the individual? The bottom line is, they created the [...]
CITY MOVES | WHO’S SWITCHING JOBS June 29, 2010 Jones Lang LaSalle The real estate services firm has appointed Jamie Stewart-Liddon as a senior surveyor in its tenant representation team. He will be providing consultancy, acquisition and disposal advice to office occupiers primarily based in the South East of England. Stewart-Liddon worked for a City stock-broking firm before moving into commercial real estate five [...]