City Moves for 09 January 2015 | Who’s switching jobs January 8, 2015 Savills Matt McCue has been appointed out of town retail director at the real estate services provider. He has over 17 years’ experience in the industry, and joins from CBRE. He will continue to work with both landlord and retail clients at Savills. BNY Mellon The investment company’s wealth management business has appointed Yolande Escher [...]
Gross’ giggles have faded to black in 2015 January 7, 2015 The prize for doom-monger of the week goes to Janus Capital’s “king of bonds” Bill Gross – who seems to have lost his mad-as-a-march-hare sense of humour in 2015 and replaced it with gloomy prophecies. For those of you who have come to look forward to the Pimco-founder’s monthly musings on Janus Capital’s blog, as [...]
Why London’s world-beating position in global insurance is now under threat January 7, 2015 A new piece of research into the competitiveness of the London insurance market, released by the London Market Group late last year, confirmed many existing fears. The capital’s position as a world leader in insurance is under threat, and it’s critical that we confront – with the support of the UK government – the challenges [...]
Former Shell chief Peter Voser to beef up board as ABB chairman December 18, 2014 Former Shell chief executive Peter Voser will be joining Zurich-based power grid maker ABB as chairman, the firm announced yesterday. Voser stepped down as chief of Shell at the end of 2013 and takes over from outgoing 72-year-old chairman Hubertus von Grunberg. Another septuagenarian board member Michael Treschow, 71, has also announced he will leave [...]
Apax offloads Swiss mobile firm for £1.8bn December 18, 2014 NJJ CAPITAL, the private holdings firm of French telephone tycoon Xavier Niel, agreed yesterday to buy mobile operator Orange Switzerland from private equity firm Apax Partners in a SFr2.8bn (£1.8bn) deal. Orange Switzerland, the country’s third largest mobile phone provider, has become a challenger in the Swiss market to rival company Swisscom, which controlled 60 [...]
City Moves for 19 December 2014 | Who’s switching jobs December 18, 2014 FTI Consulting Clare Hartnell has been appointed senior managing director in the business advisory firm’s European tax advisory practice, focusing on real estate tax. She was most recently global leader of Grant Thornton’s real estate and construction practice, and has also worked at BDO. EY Monica Dimitracopoulos has been appointed principal and global knowledge transformation [...]
Bankers are not dishonest, claims study November 23, 2014 The financial industry encourages dishonest behaviour – but the individuals themselves are not inclined to lie – according to a new study of investment managers and traders. A team of economists at the University of Zurich enlisted the help of 128 employees from a “large international bank” and quizzed half of them about their jobs [...]
Are bankers dishonest? New study claims it’s culture, not personality November 21, 2014 The financial industry encourages dishonest behaviour – but the individuals are not themselves inclined to lie – according to a new study of investment managers and traders. The experiment, tantalisingly conducted at an unnamed “major international bank”, has found that bankers are more likely to lie when they think about their jobs than otherwise. [...]
Zurich reforms staff pensions November 11, 2014 INSURANCE group Zurich yesterday announced proposals to close its defined benefit pension scheme for its UK employees. The company revealed that almost half of UK staff were currently paying into such a scheme, and said the proposed changes reflected the fact that people were living for longer, and the low interest rate environment. The business [...]
Best cities to live in? London falls behind New York, Hong Kong and Tokyo November 6, 2014 When it comes to urban living, London offers a worse quality life than many of the world's other major cities. According to the Global Liveable Cities Index, which looks at standard of living for the average worker across 64 cities, London falls into 22nd place, behind New York, Hong Kong and Tokyo among others. [...]