CITY MOVES | WHO’S SWITCHING JOBS October 21, 2010 Schroders The asset management firm has hired Philippe Lespinard as its new chief investment officer of fixed income, effective from 1 November. Lespinard joins from Brevan Howard in London, where he was a partner and head of absolute return strategies. Prior to that, he was chief investment officer at BNP Paribas Asset Management in Paris. [...]
Old Mutual says it’s unfazed by failed deal to buy Nedbank November 5, 2010 Insurer Old Mutual yesterday reported better-than-expected sales and said plans to streamline the company were on track despite a failed attempt to sell banking subsidiary Nedbank to HSBC. Old Mutual boss Julian Roberts said HSBC’s surprise withdrawal last month from the deal, seen as a key plank of Old Mutual’s overhaul, was “a shock to [...]
CITY MOVES | WHO’S SWITCHING JOBS January 4, 2011 PricewaterhouseCoopers PwC has appointed a new technology leader in the UK: Jass Sarai. He will be replacing Barry Murphy, who has been the company’s technology leader in Britain for the last two years. Sarai has worked on the technology sector for the last decade, having joined PwC straight from university, and will now be responsible [...]
WESTWOOD SHOWS WHY HE’S NO1 November 5, 2010 GOLF: World No1 Lee Westwood is one shot off the pace after the first round of the HSBC Champions in Dubai. Westwood shot a six-under-par 66 and said: “It’s nice to go out there and show everyone why I got to this level. I putted really nicely.”
What the other papers say this morning January 31, 2011 FINANCIAL TIMES WARNING AS BRIBERY LAW DELAYED British companies have been warned that they could be put on an export “blacklist” by the Organisation for Economic Co-operation and Development if the government continues to delay tough new anti-corruption laws. The warning came after Ken Clarke, the justice secretary, signalled on Monday that the implementation of [...]
What the other papers say this morning January 31, 2011 FINANCIAL TIMES WARNING AS BRIBERY LAW DELAYED British companies have been warned that they could be put on an export “blacklist” by the Organisation for Economic Co-operation and Development if the government continues to delay tough new anti-corruption laws. The warning came after Ken Clarke, the justice secretary, signalled on Monday that the implementation of [...]
BP MAKES HEALTH AND SAFETY TOP PRIORITY January 20, 2011 GIVEN BP’s recent misadventures in the Gulf of Mexico – and the subsequent $20bn (£12.6bn) it has sunk into a compensation fund – The Capitalist is relieved to note that safety is top of the agenda for visitors to BP’s offices. Indeed, some may argue that BP has gone rather overboard with its ‘elf ‘n’ [...]
BP MAKES HEALTH AND SAFETY TOP PRIORITY January 20, 2011 GIVEN BP’s recent misadventures in the Gulf of Mexico – and the subsequent $20bn (£12.6bn) it has sunk into a compensation fund – The Capitalist is relieved to note that safety is top of the agenda for visitors to BP’s offices. Indeed, some may argue that BP has gone rather overboard with its ‘elf ‘n’ [...]
PINNACLE APPEALS TO KEEP ICONIC TOWER ALIVE November 25, 2010 Developer could be forced to halt work next year unless it can secure extra funding THE DEVELOPER of the Pinnacle skyscraper is scrambling to secure extra funding to avoid being forced to halt construction on the 945-foot tower. Arab Investments (AI) has made a plea to some of the Pinnacle’s 60 original investors for extra [...]
Consortium becomes third-biggest UK rolling stock leasing company November 4, 2010 A CONSORTIUM made up of investment bank Morgan Stanley and private equity houses 3i Infrastructure and Star Capital has bought HSBC’s train rolling stock unit, Eversholt Rail Group, for £2.1bn. The deal took five months of talks before it came to fruition. The new consortium, which is named Eversholt Investment Group, immediately becomes one of [...]