CITY MOVES | WHO’S SWITCHING JOBS February 9, 2011 Avoca Capital Holdings The European credit investment manager has hired Robert Burns (pictured) as director for sales and marketing, based in London. Burns has more than 20 years’ experience in sales. He joins the firm from Citigroup, where he was director of structured product sales, and has worked previously at Lehman Brothers in Europe, where [...]
LISTED PRODUCT NEWS November 24, 2010 ETFS A ROUTE INTO NEW MARKETS According to a report from Blackrock, exchange traded funds (ETF) and products based on emerging market equities are seeing particularly impressive growth. At the end of August 2010, there were 450 ETFs providing exposure to emerging market indices with 869 listings, holding assets of $193.5bn (£122.4bn). In the year [...]
Eurozone rescue fund plans debut bond issue January 17, 2011 THE European Financial Stability Fund (EFSF), the eurozone’s sovereign bailout fund, has appointed the lead managers for its first bond sale, expected next week. Citibank, HSBC and Societe Generale will lead manage the transaction, expected to be a five-year bond sized at between €3-5bn (£2.5-4.2bn). The benchmark issue is part of the financial assistance programme [...]
BEST OF THE BROKERS December 6, 2010 HSBC Seymour Pierce rates HSBC a “buy” with a target price of 800p. Its buy case is built on the value of customer deposits and revenues from the circulation of global trade flows. It says the group has a competitive advantage in its international retail banking customer proposition and should benefit from trends in global [...]
BEST OF THE BROKERS December 6, 2010 HSBC Seymour Pierce rates HSBC a “buy” with a target price of 800p. Its buy case is built on the value of customer deposits and revenues from the circulation of global trade flows. It says the group has a competitive advantage in its international retail banking customer proposition and should benefit from trends in global [...]
CITY MOVES | WHO’S SWITCHING JOBS December 12, 2010 Lee Overlay Partners Philip Lawson (pictured) has rejoined Lee Overlay, the global active currency managers. Lawson has been appointed as a portfolio manager and will be responsible for investment decisions related to client portfolios. He brings with him 18 years of currency experience, most recently working for Barclays Global Investors, working in the client solutions [...]
CITY MOVES | WHO’S SWITCHING JOBS December 12, 2010 Lee Overlay Partners Philip Lawson (pictured) has rejoined Lee Overlay, the global active currency managers. Lawson has been appointed as a portfolio manager and will be responsible for investment decisions related to client portfolios. He brings with him 18 years of currency experience, most recently working for Barclays Global Investors, working in the client solutions [...]
CHANGES TO THE BANK LEVY February 8, 2011 Q.WHICH BANKS WILL BE HIT BY THE LEVY? A.The revised levy will apply to UK banks on all equities and liabilities after a £20bn allowance is reached. It applies the same rules to the UK operations of foreign banks. HOW MATERIAL IS TODAY’S CHANGE? Initially, the rate that banks pay will be increased to 0.1 [...]
The world lists in New York February 8, 2011 America is home to many of the world’s biggest companies. However, as mentioned above, NYSE Euronext has a truly global reach. Leading business from Asia, Latin America and Europe choose the exchange for their primary or secondary listings. And this includes many of the UK’s largest blue chip businesses. The top five UK companies listed [...]
PERSONAL FINANCE NEWS December 2, 2010 MORGAN STANLEY UNVEILS GROWTH PLAN Morgan Stanley this week announced the launch of its new FTSE Defensive Digital Growth Plan, which lasts for six years. The plan offers a fixed return of 60 per cent at maturity if the FTSE 100 rises or even if it falls by less than 20 per cent over the [...]