Ladies who don’t lunch: Maike Currie talks to Christine Johnson about bonds, bubbles and being a rebel July 14, 2016 "I am definitely a bond person,” says Christine Johnson, head of fixed income at Old Mutual Global Investors. We’re having lunch at Spring restaurant in Somerset House and I am beginning to understand what Christine means when she says that as a fund manager you need to “live your job”. She likens her personality to [...]
City Moves for 5 November 2015 | Who’s switching jobs November 4, 2015 RIDGEWAY PARTNERS The executive search firm has appointed Toby Crosthwaite as a partner. He joins from Russell Reynolds Associates, based in Singapore and London, where he worked on appointments in the insurance sector. In his new role, Crosthwaite will cover work in life insurance, general insurance, and reinsurance. RUSSELL INVESTMENTS Sarah Leslie has been appointed [...]
City Moves for 11 January 2016 – Who’s switching jobs January 11, 2016 CBRE Matthew Leitch (pictured) has been appointed as senior director at CBRE Residential. He will be based in the commercial real estate services and investment firm’s Canary Wharf office and will be focused on the prime east London market. Matthew joins from Savills, where spent over five years as a director in the residential development [...]
From HSBC and Greece to Opec and the Bank of England: What got us talking this week February 13, 2015 There was really only one story this week. HSBC was at the centre of a scandal that only progressed along with the week. By Friday it was facing a grilling from one select committee and an investigation by another, while the possibility of police involvement was also hanging in the air. There was even [...]
HSBC bosses Stuart Gulliver and Douglas Flint apologise to MPs over Swiss private banking scandal February 25, 2015 Stuart Gulliver, HSBC's chief executive and Douglas Flint, the embattled bank's chairman, have apologised for "unacceptable" practices at its Swiss private banking arm. During questioning by the Treasury Select Committee, Gulliver admitted the scandal had caused "damage to trust" in HSBC, while Flint said he felt "shame" and would "take his share of responsibility". However, [...]
Utilitywise share price dips despite reporting 25 per cent jump in profit October 27, 2015 Utilitywise has revealed an increase of profit before tax of 25 per cent to £16.7m for its year ended 31 July 2015. Revenue for the utility management consultancy, which counts HSBC and Krispy Kreme as customers, grew by 41 per cent to £69.1m. Geoff Thompson, Utilitywise chief executive, told City A.M. that the company would [...]
Anglo American share price falls as it suspends dividend and cuts jobs amid deepening commodity crisis December 8, 2015 Anglo American today suspended its dividend for the first time in eight years, with the miner also laying off around 60 per cent of its workforce as it struggles to weather a rout in commodity prices. It came as the miner announced a "radical restructuring", under which its workforce will shrink to 50,000 from 135,000, as it consolidates from three to six [...]
George Osborne challenges Ed Balls to say sorry over HSBC Swiss tax evasion scandal February 23, 2015 Chancellor George Osborne hit back at Labour over HSBC’s Swiss private bank yesterday, arguing that the wrongdoing took place and the taxman received the leaked documents under Labour, not the Tories, and Lord Green was given an advisory job by Gordon Brown. It comes after a fortnight of Labour accusing Osborne of failing to act [...]
Savers: Act now to protect your cash before EU changes to bank deposit protection rules come into force in January December 22, 2015 Savers should act now to ensure their deposits are protected ahead of new rules coming into force next year. Cash held in bank accounts will only be protected up to £75,000 per person, per account from the 1st January. This is cut from the existing £85,000 protection which has been in place. Deposits held in joint [...]
HSBC’s unhappy 150th birthday illustrates its growth: Stuart Gulliver on the highs and lows February 23, 2015 In the 1990s, Stuart Gulliver went to what look like extraordinary lengths to hide his bonus – he was paid in a Swiss account, held in the name of a Panamanian company. It looks shady, in light of the latest round of revelations of tax evasion through Swiss accounts. And the extra scrutiny comes at [...]