City Moves for 25 July 2014 | Who’s switching jobs July 24, 2014 Quantum Advisory Sean Gilfeather has been appointed principal consultant and actuary at the actuarial and benefits consultancy. He joins from Lorica Consulting, where he was head of actuarial and risk management. Gilfeather has also held roles at PwC and Towers Watson. Mercer The talent, retirement, health and investment firm has appointed Jane Barker as its [...]
City Moves for 05 August 2014 | Who’s switching jobs August 4, 2014 Invesco Perpetual The investment management firm has announced the appointment of Danielle Singer as senior client portfolio manager in its multi asset team. She was most recently strategist and director of the global investment solutions team at UBS. Standard Chartered Henrik Raber has been appointed head of capital markets at the bank. He joined Standard [...]
City Moves for 17 June 2014 | Who’s switching jobs June 16, 2014 Baker Tilly David Gwilliam has been appointed UK chief operating officer by the professional services firm. Gwilliam has been a partner with Baker Tilly for 17 years, and regional managing partner for the London region for the last four. His international services career spans over 20 years. JP Morgan Asset Management John Bilton has been [...]
City Moves for 04 August 2014 | Who’s switching jobs August 3, 2014 Sovereign Land The retail and leisure developer and asset manager has announced the appointment of Thomas Mallindine as a senior asset manager. He previously worked at M&G Real Estate for five years, most recently as investment manager, retail and institutional funds. Kingston Smith & Partners The corporate recovery and insolvency arm of Kingston Smith, the accountancy [...]
Britcoin surging: A digital currency that claims to uphold “British morals” August 4, 2014 Another day and another cryptocurrency is surging. However, this crypto is not one that has received the attention of Bitcoin, Darkcoin, Peercoin – and understandably so given its size and age. This month-old crypto is none other than Britcoin, a digital currency that "upholds British morals", according to its creator William Thomas. Quite how a decentralised [...]
Insurance brokers slapped on wrist over conflicts of interest May 27, 2014 BROKERS must treat small businesses better when the firms come to them to buy insurance, the city watchdog warned yesterday. The Financial Conduct Authority (FCA) has found intermediaries sometimes act as an agent for both the small business and the insurance firm, giving rise to conflicts of interest which are not properly managed. Brokers do [...]
Financial services companies are registering more new products April 22, 2014 FINANCIAL firms are launching twice as many new products as they did during the depths of the debt crisis, with the number of freshly trademarked products heading back towards record levels. According to data from City law firm RPC, there were 3,396 financial services trademarks registered during 2013, exactly double the 1,698 that were announced [...]
London Report: UK data to show economy is on path to recovery June 2, 2014 ECONOMIC indicators out this week are expected to show the UK recovery continuing at a healthy pace. PMI survey data for services, manufacturing and construction are likely to show strong growth throughout May. Blerina Uruci, of Barclays, expects services PMI to hit 60 in May, up from 58.7 and well above the 50 figure which [...]
City watchdog doubled dawn raids last year March 17, 2014 DAWN raids on suspects in frauds and other finance crime cases have almost doubled in the last 12 months, according to a new analysis of the Financial Conduct Authority’s (FCA) actions. The City watchdog carried out 20 such raids in 2013, according to law firm RPC, up from 11 in 2012. The jump in searches [...]
EU red tape cost £1.3bn last year March 3, 2014 NEW REGULATION stemming from the EU added £1.3bn in annual costs to business and civil society in the UK during 2013, while European reductions in regulation cut annual cost by only £2.5m. According to the annual report of the Regulatory Policy Committee (RPC), deregulation savings enacted nationally in 2013 amounted to £274m per year, against new [...]