Cameron denies any political tensions over Rosneft deal January 17, 2011 POLITICAL tensions over BP’s deal with Russian state-owned Rosneft were played down yesterday by the UK government. A spokesman for Prime Minister David Cameron said the share swap was “a commercial deal between two companies”, and did not indicate a thaw in political relations between Britain and the Russian government. He said: “The Prime Minister [...]
E&Y sued over Lehman audit December 21, 2010 NEW YORK prosecutors started a civil lawsuit against accountancy firm Ernst & Young yesterday over the company’s audits of Lehman Brothers ahead of the bank’s collapse. It is the first government-led legal action to be brought against those involved in Lehman’s bankruptcy in September 2008, which sparked the global credit crisis. New York attorney general [...]
BRIEFS | LEGAL NEWS October 26, 2010 JONES DAY TO BRAZIL Law firms’ race into the BRICs continues with the announcement that Jones Day is to open an office in Sao Paulo, its second in South America after Mexico City. The office will focus on supporting global clients with inbound investments into South America and provide legal counsel to Brazilian companies in [...]
CITY MOVES | WHO’S SWITCHING JOBS November 1, 2010 RBC Capital Markets The corporate and investment bank has hired Mark Sartori as head of European trading and sales trading, and Calum MacInnes as head of European sales. Sartori, pictured, was most recently at Macquarie Securities, where he was head of financial institutions. He has also worked at Fox-Pitt Kelton, Cazenove and Credit Suisse. MacInnes [...]
CITY MOVES | WHO’S SWITCHING JOBS November 1, 2010 RBC Capital Markets The corporate and investment bank has hired Mark Sartori as head of European trading and sales trading, and Calum MacInnes as head of European sales. Sartori, pictured, was most recently at Macquarie Securities, where he was head of financial institutions. He has also worked at Fox-Pitt Kelton, Cazenove and Credit Suisse. MacInnes [...]
CITY MOVES | WHO’S SWITCHING JOBS November 4, 2010 Aviva The insurer has hired Helen Hislop as chief financial officer and Patrick Dixneuf as chief operations officer for its European arm, with effect from 1 January. Both will be based in Paris, and will work under EMEA chief executive Andrea Moneta. Hislop replaces Tim Harris, who has moved to Aviva as deputy chief financial [...]
Linklaters put on alert over Lehman help March 14, 2010 LEGAL regulation body, the Solicitors Regulation Authority (SRA) is currently deciding whether to further investigate commercial law firm Linklaters in connection to advice it gave to stricken bank Lehman Brothers. A US court appointed report into the failings of the American bank found that Linklaters had advised Lehman Brothers on an off-balance sheet transaction called [...]
Partners at Magic Circle law firms push rates up September 20, 2010 HOURLY rates charged by partners at the UK’s elite law firms have soared to £700, according to new research. An annual survey conducted by City costs lawyer, Jim Diamond, shows that rates charged by the top five Magic Circle law firms – Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer, Slaughter and May, and Linklaters [...]
CITY MOVES | WHO’S SWITCHING JOBS September 12, 2010 Bank of New York Mellon The bank has appointed Jas Hayre as a managing director in its financial markets and treasury services team. Hayre will be responsible for tax matters for the sector in the Americas, the EMEA region and Asia-Pacific. His particular area of expertise is product taxation and transfer pricing. He was previously [...]
BARCAP WINS BRAGGING RIGHTS IN A SQUARE MILE RELAY VICTORY September 9, 2010 TO THE heart of London’s financial community last night for one of the most eagerly-anticipated competitive moments of the year – the annual Bloomberg Square Mile Relay. No less than 100 teams of ten runners thronged the streets to take part in the relay, after months of boot camp-style training regimes to win bragging rights [...]