Aviva loses its European chief January 19, 2011 Insurer Aviva is replacing its head of Europe for the second time in 18 months, after Andrea Moneta left the firm. Britain’s second-biggest insurer by market value said Moneta, the former chief financial officer at Italy’s UniCredit Group and ECB employee, would leave the company at the end of February. Igal Mayer has been appointed [...]
CITY MOVES | WHO’S SWITCHING JOBS January 24, 2011 Remuneration Consultants Group The body responsible for developing the voluntary code of conduct for executive remuneration consultants has appointed two new non-executive directors: Philippa Hird (pictured) and William Claxton-Smith. Hird is a leading human resources professional, having been group director of HR at ITV and being a current non-exec at HMRC. Claxton-Smith was head of corporate [...]
CITY MOVES | WHO’S SWITCHING JOBS January 24, 2011 Remuneration Consultants Group The body responsible for developing the voluntary code of conduct for executive remuneration consultants has appointed two new non-executive directors: Philippa Hird (pictured) and William Claxton-Smith. Hird is a leading human resources professional, having been group director of HR at ITV and being a current non-exec at HMRC. Claxton-Smith was head of corporate [...]
CITY MOVES | WHO’S SWITCHING JOBS March 2, 2011 Kinsey Allen International Sebastian Piggott has joined Kinsey Allen International (KAI), the global executive search firm, as a consultant. Piggott joins Kinsey Allen International’s fixed income practice to focus on senior sales and trading hires across credit, rates and foreign exchange. Piggott started his career in 1990 at Yamaichi International, and subsequently worked for Natwest [...]
Roma faces UniCredit ownership July 4, 2010 Roma football club could find itself under the ownership of UniCredit as its majority stakeholder faces the prospect of bankruptcy. Rosella Sensi, whose family bought the stake in Roma in 1993, could lose her Italpetroli oil firm after running up debts of €400m (£330m). If the firm, which is 49 per cent owned by UniCredit, [...]
German facing accelerating inflation January 27, 2011 German consumer prices have risen at their fastest pace since October 2008 this month, data has shown, offering early signs that inflation in the eurozone may be high enough to concern the European Central Bank. EU-harmonised prices (HICP) grew two per cent year on year in January compared with 1.9 per cent in December. The [...]
German facing accelerating inflation January 27, 2011 German consumer prices have risen at their fastest pace since October 2008 this month, data has shown, offering early signs that inflation in the eurozone may be high enough to concern the European Central Bank. EU-harmonised prices (HICP) grew two per cent year on year in January compared with 1.9 per cent in December. The [...]
London Stock Exchange in merger deal February 8, 2011 THE LONDON Stock Exchange (LSE) has agreed a merger with Canada’s TMX Group to create one of the world’s biggest market platforms. The merged company will have a market capitalisation of £4.3bn, making it the seventh-biggest exchange in the world and the largest in terms of number of companies listed. The London Stock Exchange has [...]
Trading income hit prompts slump in UniCredit’s profits August 3, 2010 UNICREDIT, Italy’s biggest bank, posted a 70 per cent drop in second-quarter net profit yesterday, hit by a slump in trading income and a goodwill impairment, sending the shares lower. UniCredit, whose roots stretch back to a 15th-century Bologna municipal pawnshop, posted a net profit of €148m (£122.8m), including a €162m goodwill impairment charge stemming [...]
US economy creates fewer jobs than forecast January 7, 2011 The US economy created far fewer jobs than expected in December, but the unemployment rate dropped to its lowest in more than 1-1/2 years. Non-farm payrolls increased 103,000, the Labour Department said, below economists’ expectations for 175,000. Private hiring rose 113,000, while government employment fell 10,000. However, overall employment for October and November was revised [...]