This crude EU bonus cap will jeopardise efforts to really reform banker pay November 20, 2014 NIILO Jaaskinen, advocate general at the European Court of Justice (ECJ), recommended yesterday that the court should reject the UK’s challenge to the EU’s cap on bankers’ bonuses, which restricts bonuses to 100 per cent of a banker’s pay (or 200 per cent with shareholder approval). This wasn’t a big surprise, and it won’t have [...]
AA puts former deal king Martin Clarke in the finance hot seat November 13, 2014 Roadside recovery giant AA yesterday appointed an ex-senior private equity dealmaker to take the reins as chief financial officer of the 110-year-old business. Martin Clarke, a former executive at private equity firm Permira, will replace Andy Boland, who stepped down earlier this year as the finance chief of the firm. Clarke was part [...]
Acquisitions and a rise in diversity mark year September 8, 2014 ACCOUNTANCY FIRM of the year IT’S been a tough year for many accountancy firms – making it a very tough decision for our judges to make. However, it has also been a year of opportunity, as the achievements of our nominees prove. These companies have forged ahead, seeking new markets – especially in London’s growing [...]
City Moves for 27 October 2014 | Who’s switching jobs October 26, 2014 PwC The professional services firm has appointed Tim Reay as a director of its pensions team. Reay has 30 years of experience, and joins from Aeon Hewitt. He is also the treasurer and former chairman of the International Employee Benefits Association. Purplebricks.com Former Capita boss Paul Pindar, and Nick Discombe, former chief executive of several [...]
PwC partners take to the stage at Sadler’s Wells for its panto January 23, 2014 THE CAPITALIST ventured up to Sadler’s Wells Peacock Theatre for the PwC panto, Cinderella, last night, and before you say it – “oh yes I did.” It’s the 28th year the firm has put on the show, which stars people from across the firm including several cameos from partners, all in the name of charity. [...]
The Quindell share price fiasco should not dent faith in the robust Aim market December 9, 2014 The AIM market, the London Stock Exchange’s junior market, has been subjected to an unprecedented level of criticism over recent weeks. The fiasco at Quindell, which saw another twist this week, as the company called in PwC to review its accounting practices, has seen blame apportioned to Aim itself, and those who regulate it. In [...]
Downton actor Jim Carter stars as Hacks outshine Flacks in charity cricket match September 29, 2014 City spinners showed up in their droves to take on journalists and ex-England international cricketers in the annual charity Hacks verses Flacks cricket and rounders matches at the weekend in aid of Chance to Shine. Flacks from the likes of Deutsche Bank, KPMG, PwC, Deloitte and JLL all donned their whites to hit some [...]
City Moves for 11 September 2014 | Who’s switching jobs September 10, 2014 Falcon Group The alternative finance firm has appointed two to its risk management team. Mark Wyatt (pictured) joins as chief risk officer. He was director of risk, information and claims at Euler Hermes. Tim Esden joins as portfolio manager from Coface, where he was head of claims and debt collection. PwC The professional services firm has [...]
The Supper Club founder Duncan Cheatle talks cowboys, venture capital and safe spaces January 25, 2015 If you ask Duncan Cheatle, founder of members-only entrepreneur networking group The Supper Club, to describe his formative entrepreneurial experience, you’re instantly transported. “Like lots of entrepreneurs, the first early thing I did was to sell tuck,” he tells me. “I guess there’s a limit to what you can do as a kid to show [...]
How to get a bigger Christmas bonus December 11, 2014 Some subtle boasting may be in order – even if you work at a relatively small company. It's that time of year when work calms down and Secret Santa gifts are exchanged. But while Christmas is generally a time for giving and altruism, thoughts in the City also turn to the reward you’ve grafted [...]