Banks face five year struggle to deleverage October 10, 2012 BRINGING their debts down to sustainable levels will take big European banks at least five more years, data put out today suggested. Seventy-one per cent of financial institutions surveyed by Deloitte said they expected deleveraging to go on for at least half a decade, with two thirds of respondent banks citing regulator demand as being [...]
Phoenix IT chief and auditors out the door as a sale looms October 4, 2012 PHOENIX IT Group yesterday announced a surprise departure of its chief executive, in a move that was seen as paving the way for a sale of the firm. David Courtley stepped down to make way for the firm’s chairman, IT veteran Peter Bertram, while auditors Deloitte were also sacked after “irregularities” over the company’s accounts [...]
Phoenix IT chief and auditors out the door as a sale looms October 4, 2012 PHOENIX IT Group yesterday announced a surprise departure of its chief executive, in a move that was seen as paving the way for a sale of the firm. David Courtley stepped down to make way for the firm’s chairman, IT veteran Peter Bertram, while auditors Deloitte were also sacked after “irregularities” over the company’s accounts [...]
Businesses question Heseltine growth report October 31, 2012 BUSINESS leaders yesterday continued to digest Lord Heseltine’s government-commissioned report on economic growth, amid concerns that it advocates a return to the state picking winners. Although the former Deputy Prime Minister’s calls for a coherent economic growth policy were broadly welcomed, there were concerns about some details such as a desire to put more restrictions [...]
Who’s switching jobs October 31, 2012 RBC Wealth Management Adam Norris has been appointed senior manager in the wealth management firm’s newly-formed intermediary wealth solutions offering. He joins from HSBC Private Bank, where he focused on Channel Islands-based private clients. Norris has also held roles at Deutsche Bank. MIG Capital Paul Chrimes has been appointed chief operating officer of the trading [...]
Who’s switching jobs October 31, 2012 RBC Wealth Management Adam Norris has been appointed senior manager in the wealth management firm’s newly-formed intermediary wealth solutions offering. He joins from HSBC Private Bank, where he focused on Channel Islands-based private clients. Norris has also held roles at Deutsche Bank. MIG Capital Paul Chrimes has been appointed chief operating officer of the trading [...]
Online retailers prepare for busiest day ever December 2, 2012 HIGH street shops and online retailers will face one of their fiercest battles yet for customers this Christmas, with today set to mark the busiest internet shopping day of the year. UK online sales will peak today – dubbed Mega Monday by City analysts – with Visa Europe expecting 6.8m transactions worth £320m to be [...]
City Moves | Who’s switching jobs September 17, 2012 LDC The private equity house has appointed Andrew Hampshire as investment director in its value enhancement group. He joins from the Lloyds Banking Group, where he spent six years leading change and technology programmes. He was most recently responsible for heading up Lloyds’s data quality function. Deloitte Fredrik Burger has been appointed as a partner [...]
City Moves | Who’s switching jobs October 28, 2012 TheCityUK Gerry Grimstone has succeeded Stuart Popham as chairman of the City representative body. He is chairman of Standard Life and a member of Deloitte’s board. Outgoing chairman Popham is vice chairman of Europe, Middle East and Africa (EMEA) banking at Citigroup. State Street William Slattery has been appointed head of the financial services firm’s [...]
City Moves | Who’s switching jobs October 28, 2012 TheCityUK Gerry Grimstone has succeeded Stuart Popham as chairman of the City representative body. He is chairman of Standard Life and a member of Deloitte’s board. Outgoing chairman Popham is vice chairman of Europe, Middle East and Africa (EMEA) banking at Citigroup. State Street William Slattery has been appointed head of the financial services firm’s [...]