City Moves for 05 February 2014 | Who’s switching jobs February 4, 2014 Trowers & Hamlins The law firm has announced the appointment of Simon Owen as a partner in its banking and finance division. He was most recently at Squire Sanders, where he was a partner in its banking team and head of its banking practice before the Squires merger. Julius Baer The private banking group has recruited [...]
Barclays releases key profit figures early February 10, 2014 We've got some early Barclays news. The bank has released some key figures ahead of its full year results (due tomorrow at 7.00am). Within the results, Barclays will announce adjusted profit before tax for 2013 of £5.2bn and statutory profit before tax of £2.9bn. Barclays' pre-released figures don’t factor in additional charges for litigation and [...]
City Moves for 21 January 2014 | Who’s switching jobs January 20, 2014 PwC The professional services firm has hired Daniel Windhaus as a partner in its working capital team. He has over 15 years’ industry experience. Windaus formerly held roles at REL Consultancy and Alvarez & Marsal. Lambert Smith Hampton The commercial property consultancy has recruited Jonathan King as head of corporate advisory. King was most recently at [...]
City Moves for 19 December 2013 | Who’s switching jobs December 18, 2013 KPMG The professional services firm has hired Stephen Frost as head of diversity. He was formerly head of diversity and inclusion at the London Organising Committee of the Olympic and Paralympic Games from 2008 to 2012. Prior to that, Frost worked at Stonewall. Mizuho The securities and investment banking arm of the Mizuho Financial Group [...]
Lloyds returns to profit and ups bonus pool 8pc February 13, 2014 Lloyds Banking Group has reported it returned to profit in 2013 – the first time since its bailout six years ago. Statutory profit before tax stood at £415m for the year – an 140 per cent increase from the £606m loss it made in 2012. The results, said boss Antonio Horta-Osorio, confirm the 33 per [...]
City Moves for 20 January 2014 | Who’s switching jobs January 19, 2014 Maker Studios The media company has hired former AOL executive Rene Rechtman as president of international, a new role to help develop its growth strategy and strategic relationships overseas. Rechtman left his role as CEO of AOL’s branded content division, BeOn, last November. Markel The insurance company has announced the appointment of Charles Bragg as [...]
4 things RBS’s results tell us about its future February 27, 2014 Despite its ongoing efforts to deleverage and tighten its belt, RBS's results this morning were considerably weaker than expected. Pre-tax loss came in at £8.2bn – a 25 per cent miss versus consensus – and the bank set aside £3.8bn for litigation and PPI mis-selling – one of the things that hit earnings. The woeful [...]
City Moves for 13 January 2014 | Who’s switching jobs January 12, 2014 Smith & Williamson The accountancy and wealth management group has announced the appointment of Tina Riches as national tax partner. She was most recently at the Chartered Institute of Taxation, where she was a technical director. Royal Bank of Canada The bank has recruited Tim Houghton as head of business development in its wealth management [...]
London Report: Deutsche’s loss knocks the FTSE and UK banks January 20, 2014 BRITAIN’S FTSE 100 stalled near an eight-month high yesterday, held back by weak banking shares as a surprise loss at Germany’s Deutsche Bank was seen as a bad omen for UK lenders’ results. Britain’s main share index, however, was expected to resume its uptrend soon and hit highs not seen since 1999, boosted by a [...]
City Moves for 05 December 2013 | Who’s switching jobs December 4, 2013 European Wealth The private wealth manager has appointed John Morton as executive chairman. A co-founder of the firm, he was previously chief executive of Syndicate Asset Management and chief executive of Ashcourt. Morton has also worked as investment director at Brachers. Trinity Street Asset Management The portfolio manager has announced two appointments to its client [...]