The Capitalist: Labour’s boost for wealth advisors and bane for private schools plus friends like Boris’
CITY MOVES | WHO’S SWITCHING JOBS January 17, 2010 Charles Stanley The City stockbroking firm has appointed Andrew Atkins as head of new fund sales and distribution. Atkins joins from Lloyd George Asset Management and will be in charge of distributing the firm’s entire fund range, including the new value boutique Matterley, acquired by Charles Stanley last year. In his new role, he will [...]
Goldman to pay $1bn in bonus tax January 4, 2010 GOLDMAN Sachs is likely to pay out UK bonuses in full, a decision which would force it to hand around $1bn (£620m) in taxes to the Treasury. The bank looks set to increase the size of its bonus pool to compensate for Alistair Darling’s 50 per cent bonus levy rather than punish its workers by [...]
Osmond launches £500m buyout fund January 10, 2010 ENTREPRENEUR Hugh Osmond will this week announce plans to float a £500m turnaround vehicle on the London Stock Exchange. The Horizon fund, expected to list before the end of January, will target one large investment in a consumer-facing business. Advisers from Osmond’s private equity firm Sun Capital have drawn up a long list of prospective [...]
CITY MOVES | WHO’S SWITCHING JOBS January 14, 2010 Cazenove Capital The asset management firm has appointed Louis Greening as a desk-based UK advisory sales consultant. Greening joins from Skandia, where he has worked in the London-based sales team for the past two years. Prior to that, he was at Friends Provident. In his new role, he will be responsible for building new relationships [...]
A salt of the earth therapy for congested Londoners January 26, 2010 ENTERING the treatment room at South London’s Salt Cave clinic is a bit like stepping into Narnia. You may be going via an anteroom in a converted Earlsfield community centre rather than through the back of a wardrobe, but what greets you is an all-white environment, with powder spread in little ripples and dunes across [...]
CITY MOVES | WHO’S SWITCHING JOBS January 4, 2010 Coutts & Co The private bank has appointed Maggie Bradley as a client partner for its Oxford office, focusing on the local entrepreneur, professional and executive markets. Bradley joins from Coutts’ head office in London, where she has worked for the past five years, latterly as a business partner for international clients. Prior to that, [...]
LLOYDS POISED TO PAY £100M IN BONUS TAX December 14, 2009 LLOYDS Banking Group, which yesterday successfully completed a record-breaking £13.5bn rights issue, is preparing to pay out its bonus pool in full. The move, which follows mounting anger in the City over the government’s super-tax, will see the firm having to hand over an estimated £100m in payments to the Treasury as part of the [...]
LLOYDS POISED TO PAY £100M IN BONUS TAX December 14, 2009 LLOYDS Banking Group, which yesterday successfully completed a record-breaking £13.5bn rights issue, is preparing to pay out its bonus pool in full. The move, which follows mounting anger in the City over the government’s super-tax, will see the firm having to hand over an estimated £100m in payments to the Treasury as part of the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 10, 2010 FINANCIAL TIMES BOCOM EYES $500M PRIVATE EQUITY FUND Bank of Communications is to launch a US dollar private equity fund in the latest sign of mounting Chinese interest in the asset class. BoCom International, the bank’s overseas arm, said on Wednesday it was targeting a $500m fund that would invest in mainland groups. The fund [...]
Omega in Names offer June 2, 2009 OMEGA Insurance plans to boost its exposure to Lloyds of London, spending up to £125m buying out Names who are members of the insurance market’s successful Syndicate 958. Omega already has a 16 per cent stake in Syndicate 958, which has turned a profit every year since 1980. It is offering to pay private investors [...]