N + 1 PLUS ANOTHER ONE……… March 14, 2012 Life in the City’s financial advisory sector has been full of change lately, especially at the firms which tailor their expertise to the small to mid-cap corporates. There’s been a merging of Evolution and Investec; there’s a possible merger between Canaccord and Collins Stewart to come, with likely job cuts on the cards; there have [...]
Global revenues at law firm DLA Piper top $2bn for first time as growth pays February 9, 2012 WORLDWIDE revenues at law firm DLA Piper have passed $2bn (£1.26bn) for the first time, thanks in part to aggressive expansion plans that recently saw it become the world’s largest law firm by headcount. Global gross revenue at the firm in 2011 was $2.25bn, while profits per equity partner – a popular way of judging [...]
TPG triumphs in £500m fight for GlobeOp February 1, 2012 SHARES in hedge fund administrator GlobeOp leapt by more than a fifth yesterday after it agreed its £508m sale to US private equity house TPG Capital. The stock closed up 21.27 per cent at 430.5p after TPG set out to build a presence in the market serving the $2 trillion (£1.26 trillion) hedge fund sector. [...]
Commerzbank chief: bonus cut was right January 30, 2012 THE handling of 9,000 job cuts was a bigger concern than the decision to renege on a “promise” to pay €50m (£41.8m) in bonuses, the chief executive of Commerzbank told the High Court yesterday. Martin Blessing (pictured) said the redundancies were “more important than the bonus pool” at that time and insisted he acted with [...]
News Int had Watson under surveillance December 7, 2011 LINKLATERS have confirmed Tom Watson MP was put under surveillance for a week in 2009 by a private investigator working for the now defunct News of the World. A letter sent to Parliament by lawyers representing News Corp verified that Watson, who has been Labour MP for West Bromwich East since 2001, was placed under [...]
CITY MOVES | WHO’S SWITCHING JOBS November 29, 2011 Brooks Macdonald Asset Management The asset management firm has named Toby Thompson as investment manager for its London office. Thompson joins from New Star where he worked for eight years, following roles at Newton and Eagle Star Investment Managers. Thompson brings with him twenty years experience in the investment industry, and is an associate of [...]
Linklaters names Elliott as senior partner May 4, 2011 MAGIC circle law firm Linklaters has said that Robert Elliott (pictured) will be its new senior partner from October, after David Cheyne steps down from his five-year turn in the post. Elliott has been a partner at Linklaters since 1990, having left the partnership at banking and finance specialist Wilde Sapte to join the restructuring [...]
CITY MOVES | WHO’S SWITCHING JOBS January 22, 2012 Kentz Corporation The FTSE 250 engineering group has announced that Christian Brown (pictured) will replace Hugh O’Donnell as chief executive on 1 February. Brown steps up from the role of group chief operating officer, while O’Donnell, who has led Kentz since 2000, will continue as an exclusive adviser to the group for the next three [...]
CITY MOVES | WHO’S SWITCHING JOBS December 8, 2011 Accor Jean-Jacques Dessors has been promoted to chief operating officer of the hotels group for the Middle East, Africa, Indian Ocean and Caribbean Islands, effective from January 2012. Dessors is currently COO for Accor UK and Ireland, responsible for the Sofitel, MGallery, Novotel, Mercure, Ibis, All Seasons and Etap hotels. He has expanded Accor’s UK [...]
BEHIND THE SCENES FOR OSCAR HIT’S LEGAL FIXER February 7, 2012 PAUL RENNEY, a lawyer at Keystone Law, almost collected the Bafta for The King’s Speech – except the film’s producers were faster out of their seats than he was. Renney, as the hit’s legal adviser, was a stand-in at the event for screenwriter David Seidler, who was “annoyed” at not being flown over from the [...]