City Moves for 2 June 2015 | Who’s switching jobs June 1, 2015 DTZ The commercial real estate services provider has announced three appointments to its data centres team. Mark Trevor joins as senior director, Begoña Cerdan joins as a director, and Michael Hunter joins as an associate director in its London office. Lloyds Bank Andrew Charnley has been appointed regional head of the trade and working capital [...]
Thousands of job losses expected as Malaysia Airlines enters pre-pack administration June 1, 2015 Malaysia Airlines has started a “hard reset” of its business, which could include as many as 6,000 job losses, as it struggles to keep running. Last week the troubled carrier, which suffered two major tragedies last year, entered a pre-pack administration as it transitions to a new company, Malaysia Airlines Berhad. PwC Malaysia's [...]
Former Lehman Brothers bankers in line for healthier pension payouts May 5, 2015 More than 2,000 ex-Lehman bankers are set for bigger pension payments after bosses of the retirement plan struck a £675m deal to offload it to an insurance firm. Members of the Lehman Brothers Pension Scheme will see payment restrictions – put into place after the bank’s dramatic collapse nearly seven years ago – lifted in [...]
City Moves for 05 May 2015 | Who’s switching jobs May 4, 2015 Lloyds Bank Kash Ahmad has been appointed managing director for mid markets in Lloyds Bank Commercial Banking’s global transaction banking division. He previously worked at Barclays Bank for 21 years years, latterly as managing director of inward business for its global corporates division. Mayer Brown The law firm has announced the appointment of David Harrison [...]
PwC fined $25m for hiding bank information from US regulators August 18, 2014 Consultants at PwC hid information from regulators on Bank of Tokyo Mitsubishi’s efforts to falsify records of sanction breaking, the New York Department of Financial Services (DFS) said yesterday, issuing a $25m (£14.9m). The professional services giant is also banned from some regulatory consulting work for two years. The bank falsified wire transfer data when [...]
Phoenix and Daisy agree on £135m takeover May 27, 2015 TELECOMS firm Daisy, alongside the private equity firm Toscafund, has agreed a deal to acquire Phoenix. In a statement released yesterday, Daisy said: “Phoenix, Daisy and Toscafund are pleased to announce that they have reached agreement on the terms of a recommended cash offer.” The offer values the managed services and cloud computing firm at [...]
City Moves for 28 May 2015 | Who’s switching jobs May 27, 2015 Tokio Millennium Re The reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co has announced the appointment of Mark Julian as head of its UK branch. He joined Tokio Millennium Re (UK) in 2008 and assumed the dual role of chief risk officer and chief actuary in 2011. Baker & McKenzie Julia Hayhoe has [...]
City Moves for 14 April 2015 | Who’s switching jobs April 13, 2015 SunLife The financial services firm has appointed Emma Walker to lead its aggregator, digital, and customer experience teams. She joins from MoneySupermarket.com, where she was head of protection and non core insurance. LCH.Clearnet Steve Briscoe has been appointed group head of technology and operations at the clearing house. He joins from RBS, where he was [...]
UK net migration reaches record high – with EU migrants rising 40 per cent August 27, 2015 Net migration hit 330,000 in the 12 months ending March 2015, 94,000 more than the previous year – and the highest on record, official figures show. The figures, published by the Office for National Statistics (ONS) this morning, said net migration of EU citizens shot up 40 per cent to 183,000. A record 269,000 EU citizens [...]
St Modwen snags new finance chief Robert Hudson from British Land April 20, 2015 St Modwen has snapped up a new financial director in the form of Robert Hudson who will be joining in October from British Land, it announced yesterday. The Birmingham headquartered property developer will see the 41 year old Hudson replace Mike Dunn who last December announced his intention to step down from the role on [...]