City Moves | Who’s switching jobs November 11, 2012 Old Burlington Investments Lawrence Hannah has been appointed business development manager at the investment firm. He joins from Caerus Wealth Management, where he was responsible for building its alternative tax products business. Hannah has also worked at Merrill Lynch. NYSE Euronext Demetria O’Sullivan has been appointed chief risk officer at the exchange’s new derivatives clearing [...]
There are rays of hope in a sluggish City jobs market November 28, 2012 CONSIDERING the current employment climate in the City, and the ruthless job cuts hitting the headlines, you would be forgiven for considering packing your bags and taking an early retirement in the country. A report released by Roland Berger Strategy Consultants last week showed that investment banks are set to lose another 40,000 jobs in [...]
East India Company: The original City firm judged too big for failure December 16, 2012 FOR an institution that’s been defunct for over 150 years, the East India Company still evokes powerful reactions. This year in India, a move to liberalise the retail sector to allow investment by foreign multinationals was greeted with protests: “this is the return of the East India Company”. Meanwhile in the UK, Sanjiv Mehta has [...]
FTSE 100 down on global growth concerns November 16, 2012 The blue chip index edged down in early deals as investors fretted over US fiscal cliff concerns and Eurozone growth. Buyout group Melrose was the biggest faller on the leading share index, shedding 13.69 per cent as it said it was facing slowing revenue trends. Utility firm Pennon firm 2.55 per cent, while steelmaker Evraz [...]
Valere Capital backs our appeal November 28, 2012 THE CAPITALIST asks Mark Preston, principal of Valere Capital, why the firm is supporting the City A.M. Christmas Appeal this year. Why are Valere Capital supporting Opportunity International? The relationship between us came about due to my involvement with Opportunity when I was co-head of Corporate Markets at Lloyds TSB. With the support of my [...]
FTSE 100 down as investor sentiment drops November 9, 2012 The leading share index was down this morning, consolidating overnight losses in Asia and the US. Miners led the fallers in early trading, with Eurasian Natural Resources, Kazakhmys and Anglo American among the blue chips feeling the heat. On the FTSE All-Share, Finnish miner Talvivaara slid more than nine per cent in early deals. Yesterday [...]
FTSE 100 edges up as investors bide time before US election November 6, 2012 The leading share index was up this morning on a wave of corporate earnings releases, although trading was expected to be subdued as investors bided time before the closely-fought US election today. G4S and Marks & Spencer were risers on the FTSE 100 this morning, as they released positive trading updates. On the FTSE All-Share, [...]
Who’s switching jobs November 1, 2012 Baird Jim Conniff has been appointed managing director in the investment bank’s industrial team. He joins from Goldman Sachs, where he was a senior member of its industrial banking team. Conniff was previously a director at Baird. Baker Tilly David Whitlock has been appointed business development director at the accountancy and advisory firm. He was [...]
Who’s switching jobs November 1, 2012 Baird Jim Conniff has been appointed managing director in the investment bank’s industrial team. He joins from Goldman Sachs, where he was a senior member of its industrial banking team. Conniff was previously a director at Baird. Baker Tilly David Whitlock has been appointed business development director at the accountancy and advisory firm. He was [...]
Rapid responses October 18, 2012 Greek reform [Re: Greece must stop hitting snooze and wake up to economic reform, yesterday] Although Matthew Melchiorre is right to criticise Greece’s politicians for failing to reform their state, he misses a bigger issue. Politicians aren’t operating in a vacuum. Much of the Greek public – quite unlike the Estonians or Irish – doesn’t accept [...]