Capital concerns: Europe’s bank woes – CNBC Comment October 13, 2014 News hit last week that Espirito Santo Financial Group, whose primary asset was a 20 per cent stake in the Portuguese bank Banco Espirito Santo, had declared bankruptcy, and not a moment too soon. Last Friday, the European Banking Authority announced 26 October as the official date for the reveal of the EU bank stress [...]
RAC float skids off the road as GIC buys stake September 25, 2014 PLANS for a £2bn float of RAC skidded off the road yesterday after Singapore’s sovereign wealth fund GIC agreed to buy a major stake in the firm from private equity owner Carlyle Group. The sudden turnaround will see GIC become joint majority shareholder of RAC together with Carlyle, and also means city heavyweight and CBI [...]
City Moves for 24 September 2014 | Who’s switching jobs September 23, 2014 Thomson Snell & Passmore The law firm has appointed Keith McAlister as a partner in its corporate and commercial department. He joins from Kingsley Napley, where he was head of corporate and commercial. McAlister has also held roles at Brachers. Advent International The private equity firm has appointed Werner Geissler as an operating partner, effective 1 [...]
UK’s top 100 law firms see profits soar above £6bn August 31, 2014 Profits at the top 100 law firms in the UK have soared to well over £6bn in the latest financial year, with more than 1,000 partners now earning over £1m annually. The top 100 law firms in the UK, comprising over 65,000 lawyers, saw revenue rise to over £20.8bn, up from £19.1bn in 2013, [...]
City Moves for 16 July 2014 | Who’s switching jobs July 16, 2014 Linklaters The law firm has announced the appointments of Matthew Middleditch as global head of corporate and Sarah Wiggins (pictured) as global head of client sectors. Middleditch is currently Linklaters’s Hong Kong-based head of corporate in Asia. Wiggins is a senior corporate partner. Adamant Ventures The oil & gas venture capital fund has announced the [...]
City Moves for 27 August 2014 | Who’s switching jobs August 26, 2014 EY The professional services firm has announced the appointment of Randy Miller as global automotive and transportation sector leader, effective immediately. He has more then 25 years’ consulting and client service experience with EY and, formerly, with Andersen Business Consulting, where he served as global automotive sector leader. Heptagon Capital The asset management firm has [...]
City Moves for 08 August 2014 | Who’s switching jobs August 8, 2014 Marriott Harrison Daniel Jacob has been appointed corporate partner at the law firm. He joins from Pitmans, where he was head of the London corporate group. Jacob specialises in investment, M&A, and restructuring work, with a particular focus on the hotel, leisure and technology sectors. Mitsubishi UFJ Securities International The investment banking arm of the [...]
Islamic bond rakes in $2bn on first day June 25, 2014 THE FIRST Sharia- (Islamic law) compliant bond in the western world was launched in London yesterday and immediately attracted £2bn in orders, more than 10 times the amount it was looking to sell. The government raised £200m from the five-year sukkuk (bond) issue, part of an bid to boost the UK as a centre for [...]
TBC Bank prices London listing at lower price June 6, 2014 GEORGIA’S TBC Bank has set the price for an initial public offering (IPO) of global depositary receipts to be traded in London at $13 (£7.74), valuing the company at around $640m. In a statement yesterday the bank said the total size of the transaction was $238.7m excluding shares offered as part of an over-allotment option. [...]
City Moves for 10 July 2014 | Who’s switching jobs July 9, 2014 Regis The global property investor has appointed Syd Taylor as its UK-based chief financial officer. Taylor’s 25 years of experience include director level roles with Rockmount Capital, ING Real Estate, Goldman Sachs and Great Portland Estates. Smith & Williamson Peter Mitchell has joined the accountancy and investment management group as head of banking. Mitchell joins [...]