City Moves for 17 February 2016 | Who’s switching jobs February 17, 2016 Investec Investec Securities has announced the appointment of Andrew Whitney to its research team to cover the pharmaceuticals sector. Andrew joins from EY, where he was a senior manager in the corporate finance strategy team, conducting strategy projects and deal diligence in the life sciences and healthcare sectors. He has extensive experience in pharmaceuticals research, [...]
City Moves for 7 August 2015 | Who’s switching jobs August 6, 2015 Brooks Macdonald The wealth management group has appointed Andrew Shepherd as its deputy chief executive. He is currently executive director at the group and joint managing director of Brooks Macdonald Asset Management, which he joined in 2002. IG Group David Horsley has been appointed head of finance at the online trading company. He joins from [...]
Libor scandal: Former Barclays banker did not benefit from changing the Libor rate and was only doing as he was told, court told April 8, 2016 One of the five former Barclays bank employees standing trial for manipulating Libor interest rates only did what he was told to by his boss and received no financial reward, a court heard today. Junior banker at Barclays' Jonathan Mathew, who joined at the age of 19 after achieving three A-levels, did not stand to gain from the profit made by [...]
Rangers say goodbye to Mike Ashley: Club formally gives notice to end relationship with Sports Direct February 5, 2016 Rangers are looking to bring their tumultuous relationship with Sports Direct to a close by formally giving notice to the Mike Ashley-owned company to end their commercial partnership – yet the two companies could still be tied together until 2023. In a letter to supporters, club chairman Dave King said he had immediately written to Sports Direct [...]
Libor scandal: Witnesses to be called this week in trial of five ex-Barclays employees accused of conspiring to rig Libor April 10, 2016 The first witnesses are due to testify this week in the trial of five ex-Barclays bankers who are accused of working together to rig Libor. Former Barclays traders Stylianos Contogoulas, Jay Merchant, Alex Pabon and Ryan Reich, along with one of Barclays' former Libor submitters Jonathan Mathew, have been charged with conspiracy to defraud on [...]
Bankers’ bonuses: Supreme Court sides with HMRC in appeal against UBS and Deutsche Bank, ruling out scheme designed to avoid income tax March 9, 2016 Bankers may see their bonuses sliced into, as the Supreme Court today sided with HM Revenue & Customs (HMRC), agreeing that taxes could not be avoided when using a special scheme to award employees in shares. UBS and Deutsche Bank set up schemes to pay their bankers discretionary bonuses in redeemable shares in offshore companies. The [...]
Plain packaging: Here are six reactions to today’s High Court ruling on cigarette packets in the UK that will be introduced tomorrow May 19, 2016 This afternoon the High Court ruled against a legal challenge brought forward by big tobacco companies to try and avert new plain packaging laws that will be implemented tomorrow. The world's big four tobacco companies were involved in the legal challenge, which was led by Philip Morris International and British American Tobacco. Japan Tobacco International [...]
EU referendum: Lord Mayor Jeffrey Mountevans says Britain is better off in the European Union ahead of controversial City of London Corporation vote March 2, 2016 The leader of the City of London Corporation has come out in favour of Britain remaining in the European Union, on the eve of a divisive vote among the Corporation's members. "Britain is better off in," Lord Mayor Jeffrey Mountevans said in a speech to City leaders at Mansion House tonight. Mountevans said the future of London's [...]
City Moves for 15 March 2016 | Who’s switching jobs March 15, 2016 JHC Systems JHC Systems, a provider of wealth management solutions, has announced the appointment of John Boggis as its new head of sales. John brings almost 20 years of financial industry experience to the role, having most recently held the position of head of sales for EMEA & APAC at Eagle Investment Systems, which is part [...]
E-cigarette advertising clamp down expected from European Court of Justice ahead of implementation of European Tobacco Products Directive May 2, 2016 The European Court of Justice (ECJ) is expected to rule in favour of clamping down on e-cigarette advertising this week, despite a recent report by UK doctors that urged promoting the product for public health reasons. The ECJ will rule on Wednesday on a final attempt by tobacco and e-cigarette manufacturers to ameliorate legislation that [...]