City Moves for 28 November – who’s switching jobs at Irwin Mitchell, Capita and Wilko? November 28, 2018 Who’s switching jobs today? Irwin Mitchell National law firm Irwin Mitchell has recruited a new senior lawyer for its national real estate department. Michelle Beaumont has joined the firm’s Leeds office as partner. She joins from the Leeds office of Pinsent Masons, having joined that firm in 2006. Michelle has experience of working on a [...]
City Moves for 25 September 2018 – who’s switching jobs at JP Morgan Asset Management, BNP Paribas and ICBC Standard Bank? September 25, 2018 Today’s City Moves cover asset management, banking and metals. Take a look at these movers and shakers: JP Morgan Asset Management JP Morgan Asset Management has appointed Jeremy Cape as an executive director to its global transportation group. Jeremy will be based in the firm’s London office and report to Andrian Dacy, head of global [...]
Bosses of Citi, JPMorgan and Barclays slam equivalence as “‘insufficiently load-bearing’ for post-Brexit financial services trade September 11, 2018 Banking bosses have stressed that the government must push for a vastly improved equivalence regime, warning that the current system is "insufficiently load-bearing". Speaking before MPs of the Treasury Select Committee this morning, executives from Barclays, Citigroup and JPMorgan said they were already implementing their no deal contingency planning to ensure they were able to [...]
Day of the Mifids: Controversial EU Mifid II regulations for the asset management industry finally kick in January 3, 2018 A long-awaited regulatory shake-up, touted as the biggest to hit financial markets since the 1986 “big bang”, has finally rippled through the City and across Europe today. The second Markets in Financial Instruments Directive (known as Mifid II) has already cost top global banks and asset managers $2.1bn (£1.5bn), a study from the Boston Consulting [...]
Exclusive: Labour to meet Morgan Stanley after Jeremy Corbyn’s “threat” tweet December 13, 2017 Labour is seeking an audience with banking giant Morgan Stanley less than a fortnight after leader Jeremy Corbyn warned that his party was a “threat” to the investment bank. Shadow City minister Jonathan Reynolds is meeting one of Morgan Stanley’s most senior figures in the next few weeks in what he admitted would be a [...]
UK IPO: Standard Life Aberdeen chief Sir Gerry Grimstone says Saudi Aramco should come to London October 2, 2017 Sir Gerry Grimstone, chairman of Standard Life Aberdeen, has backed a listing of Saudi Aramco in London. Saudi Aramco, a petroleum giant comprising the oil wealth of Saudi Arabia, is planning a listing that could value the company at $2 trillion. London and New York are the frontrunners for the listing, but a float on [...]
Editor’s Notes: Brexit can’t mean an end to good governance, respite for Grenfell survivors, and from pulling pints to pitching policy October 26, 2018 There are complaints that Brexit is taking up so much time in Westminster that parliament doesn’t have the energy or the space to focus on anything else. In reality, legislators are as busy as ever but they may well be too distracted to offer effective legislative scrutiny. Last night, no fewer than nine human rights [...]
City Moves for 7 September 2018 – who’s switching jobs at Fenchurch Advisory Partners, Wyelands Bank and CVC Credit Partners? September 7, 2018 Today’s City Moves cover financial services, small-business banking and Fenchurch Fenchurch Advisory Partners has appointed William Nourse as a senior managing director. William has more than 20 years of experience of corporate finance in the financial services sector. He joins from Credit Suisse, where he was a managing director in the financial institutions group. Before [...]
Fraud in England and Wales is up again as cyber crime and credit card fraud increase October 19, 2017 Incidences of fraud increased again this year in England and Wales, as more than half of crimes took place online. According to the latest crime figures for the year to June from the National Fraud Intelligence Bureau, there was a four per cent increase in fraud offences to over 653,000. This represents the fifth year [...]
Jingle sells: Ice rinks and golden baubles on the wishlist as Christmas decorators report best year yet November 25, 2018 Live reindeer, ice rinks and 22 carat-gold Christmas tree baubles – these are the extravagances on offer as wealthy homeowners increasingly turn to interior designers to decorate their houses this festive season. For a growing number of the rich and famous, gone are the days of struggling to put up the tree with the children. [...]