CITY MOVES | WHO’S SWITCHING JOBS January 31, 2010 BlackRock The asset manager has hired Kendrick Wilson, a former Goldman Sachs banker and ex-US Treasury adviser, as a vice chairman. Wilson joined the US Treasury in 2008 to advise then- secretary Hank Paulson on how best to navigate the financial crisis. BlackRock chief Larry Fink said: “[Wilson’s] unique perspective, informed by his vast experience [...]
Ronaldo sale keeps United out of the red January 11, 2010 ONLY the world record sale of superstar winger Cristiano Ronaldo to Real Madrid helped Manchester United avoid a £31.8m loss last year. United, ranked second only to Real Madrid in the most recent annual football money league compiled by analysts Deloitte, yesterday announced a pre-tax profit of £48.2m for the year ending 30 June 2009. [...]
Abu Dhabi gives Dubai a $10bn bailout December 14, 2009 ABU DHABI’S surprise $10bn (£6bn) bailout of neighbouring Dubai has given the debt-laden emirate some breathing space to restructure its troubled Dubai World conglomerate. Yesterday’s move prevented an embarrassing debt default by Nakheel, the property arm of Dubai World, and went some way towards reassuring investors. Abu Dhabi’s intervention, which investors had been waiting for [...]
CITY MOVES WHO’S SWITCHING JOBS November 29, 2009 Norton RoseThe law firm has appointed Kate Alliott to its banking practice in London as a debt capital markets partner.Alliott joins from legal giant Clifford Chance, where she was a partner in the capital markets group. She has wide-ranging debt capital markets and structured finance experience, with a specialist focus on project bonds and infrastructure [...]
CITY BROKER ISN’T JUST HORSING AROUND WITH NEW POLO VENTURE March 3, 2010 IT’S SET to be a good year for Daniel Fox-Davies, the jovial boss of City stockbroker Fox-Davies Capital. Foxy, you see, is a bit of a dark horse when it comes to his extra-curricular hobbies – along with running his oil and gas-focused brokerage, he spends much of his free time flying jets and helicopters, [...]
Deloitte on the touchline as Setanta heads for full-time June 7, 2009 STRUGGLING sports broadcaster Setanta could be forced to go into administration this week, as discussions with investors and rights holders have failed to secure a rescue deal. Accountancy firm Deloitte is on standby to flip the switch on the Irish broadcaster, which has been struggling for months to raise new capital to enable it to [...]
CITY MOVES | WHO’S SWITCHING JOBS January 18, 2010 Piper Jaffray The mid-market investment bank has poached Ian Wainwright from Canaccord Adams to join its corporate broking team as a principal. Wainwright has been a managing director at Canaccord since 2007, and was instrumental in building the firm’s life sciences franchise. Prior to that, he was in specialist biotech, medtech and pharma sales at [...]
IT’S DOG EAT DOG AMONG TOP RETAIL BANKERS February 1, 2010 IF THE government wants more competition in the retail banking sector, it’s more competition it’s gonna get. Hot on the heels of yesterday’s heart-warming tale about new High Street lender Metro Bank planning to welcome dogs into branches – and offer them free bowls of water and chewy bones – comes a response from Metro’s [...]
SMOKING-HOT CUBANS LAUGH IN THE FACE OF A CIGAR SALES SLUMP February 23, 2010 CAVIAR, lobster, champagne and sports car sales have all been dwindling over the course of the downturn, so I suppose we really should have seen this one coming. Apparently, the latest luxury product to take a tumble is the Cuban cigar, synonymous with bulging wallets the world over – which saw an eight per cent [...]
Spinvox in sale talks December 13, 2009 SPINVOX, the speech-recognition technology firm, is reportedly close to accepting a $150m (£92m) takeover offer from an American rival. Nuance Communications, which is Nasdaq listed, is rumoured to be in talks with the company, which has been dogged by allegations of financial mismanagement and claims its technology is not up to scratch. A sale of [...]