In sickness and in health: An illness won’t ruin your career July 11, 2012 ANTONIO Horta-Osorio has been back as chief executive of Lloyds Bank since January. His absence began in November 2011, and was famously attributed to exhaustion caused by the pressures of his job. His is a reassuring story – a successful executive, overcome by poor health, could reveal it to colleagues and return to his previous [...]
Law firms show strong growth in tough year June 21, 2012 LAW firms have toughed out a challenging year to grow their fee income by an average of 6.6 per cent – a healthy increase on the previous 12 months. An annual survey released today of the top 100 law firms by global revenue has shown that growth in improving across the sector despite operating against a [...]
Tip-top resources worth exploiting July 29, 2012 WITH the Olympics in full flow, the government is determined to drum up business from our foreign guests. After all, trade is what the wealth of nations is built upon. For its part, StartUp Britain has a free event on 6 August in City Hall on how start-ups and small businesses can explore overseas opportunities. [...]
Quick guide to the platform crackdown June 27, 2012 Q What’s an investment platform? A It’s a “one stop shop” for an individual to hold their pension, shares and other investments in one place. Customers can invest through advised or execution-only platforms. Q Sounds straightforward enough. What’s the FSA’s problem? A The watchdog wants platforms to stop taking money from product providers, in exchange [...]
Car insurers in black for first time since 1994 May 28, 2012 HEFTY increases in premiums could cause the UK car insurance business to record an underwriting profit for the first time since 1994, according to a new report by Deloitte. Last year the sector had a combined ratio of 106 per cent – meaning it paid out £106 for every £100 it earned in premiums, equivalent to an [...]
Trial run of Olympics working routines highlights problems June 17, 2012 LONDON businesses that tested alternative working arrangements last month in preparation for this summer’s Olympic Games suffered problems with technology and travel arrangements, a survey showed. A “stress test” in which more than 100 companies asked staff to experiment with remote working or changes to their journeys failed to dispel concerns about how smoothly the [...]
CITY MOVES | WHO’S SWITCHING JOBS August 2, 2012 Carmignac Gestion The asset management firm has appointed Cora Pfab as sales manager for southern Germany and Austria. She joins from F&C Thames River and relocates from London to Carmignac Gestion’s German office. Pfab has extensive experience in financial services, and has also worked at ABN Amro Asset Management. Duff & Phelps The financial advisory [...]
WHO’S SWITCHING JOBS June 19, 2012 Houlihan Lokey The investment bank has appointed Kristian Terling as a managing director and head of Nordic coverage. He was most recently managing director and co-head of Nordic investment banking at Credit Suisse in London. Terling has also served as sector head in the corporate finance group at Handelsbanken Capital Markets, and started his career [...]
Bankia shares down 10pc after results delayed May 16, 2012 Shares in recently nationalised Spanish bank Bankia tumbled 10 per cent after it delayed first quarter results, raising fears the government will have to plough more cash into the struggling lender. Bankia lies at the core of concerns about Spanish banks’ problems after a 2008 property crash. Some believe Spain or Europe will have to [...]
CITY MOVES | WHO’S SWITCHING JOBS July 18, 2012 Baroda Pioneer The asset management firm has appointed Jaideep Bhattacharya as its managing director. He joins from UTI Mutual Fund, where he was previously group president and chief marketing officer. Bhattacharya has also held senior roles at ICICI, the Indian bank. VTB Capital Peter Stonor has been appointed global head of infrastructure and transport for [...]