CITY MOVES | WHO’S SWITCHING JOBS September 14, 2010 JP Morgan Asset Management The bank’s asset management arm has poached Nick Gartside from Schroders to join as international chief investment officer of fixed income, effective from December. Gartside joined Schroders in 2002 and was most recently the firm’s head of global fixed income. His responsibilities on Schroders’ ISF strategic bond, ISF global bond and [...]
CITY MOVES | WHO’S SWITCHING JOBS September 14, 2010 JP Morgan Asset Management The bank’s asset management arm has poached Nick Gartside from Schroders to join as international chief investment officer of fixed income, effective from December. Gartside joined Schroders in 2002 and was most recently the firm’s head of global fixed income. His responsibilities on Schroders’ ISF strategic bond, ISF global bond and [...]
CITY MOVES | WHO’S SWITCHING JOBS October 17, 2010 ICAP The inter-dealer broker has appointed Iain Torrens as group finance director, after incumbent Matthew Lester, pictured, said he would leave to take up a role as the next chief financial officer of Royal Mail. Torrens joined ICAP in 2006 and has been group financial controller since July 2008. Lester, who also formerly held senior [...]
Commodities and banks lift FTSE but gains are tempered by Fed QE decision November 1, 2010 Miners led Britain’s top shares higher yesterday, boosted by strong data from China, but gains were tempered as investors looked ahead to the outcome of the US Federal Reserve’s meeting tomorrow. Miners rose after data showing demand in China, the world’s biggest consumer of metals, was holding up. The world’s biggest integrated zinc producer Xstrata [...]
Banks ready to lend for big property buys October 3, 2010 MORE banks were willing to help fund large UK real estate purchases in the last six months than in the previous year, though many commercial property deals are being done without the need for debt, according to research out today. Twelve banks have lent at least £100m each in the period, in typical loan sizes [...]
Deutsche Bank set for a third quarter loss September 21, 2010 Deutsche Bank yesterday said sales and trading activity during July and August was weaker than a year ago, providing a warning shot that third-quarter investment banking earnings could be weak across the board. In a trading update provided as part of the prospectus for Deutsche Bank’s planned €10.2bn (£8.6bn) capital increase, Germany’s flagship lender said [...]
Deutsche Bank set for a third quarter loss September 21, 2010 Deutsche Bank yesterday said sales and trading activity during July and August was weaker than a year ago, providing a warning shot that third-quarter investment banking earnings could be weak across the board. In a trading update provided as part of the prospectus for Deutsche Bank’s planned €10.2bn (£8.6bn) capital increase, Germany’s flagship lender said [...]
HSBC puts train unit up for sale February 24, 2010 HSBC’s train leasing arm HSBC Rail is up for grabs after the banking giant launched a £2bn sale of the business. HSBC Rail, one of three UK train leasing companies, is up for auction with a collection of bidders already eyeing the bank’s non-core asset.
HSBC director set for £10m pay windfall March 1, 2010 HSBC’s investment banking chief Stuart Gulliver is set to pocket a bumper payout of over £10m, after profits at the global banking and markets arm jumped threefold to $10.48bn (£7bn) during the 2009 financial year. Gulliver, 50, who joined HSBC from university 30 years ago, will receive a bonus of £9m in deferred stock, as [...]
Intended pay rise for HSBC boss blocked February 23, 2010 HSBC chief executive Michael Geoghegan will not see a planned 36 per cent hike in his salary this year after the bank yielded to continued protests by shareholders. The London-based bank had toldshareholders it intended to raise Geoghegan’s salary to £1.4m, it is understood, at the same time it also proposed to hike finance director [...]