CITY MOVES | WHO’S SWITCHING JOBS June 23, 2010 JP Morgan India Gary-Martin has joined the investment bank as global head of location strategy and performance metrics. Gary-Martin was previously at the Royal Bank of Scotland, where she led the implementation of the government’s asset protection scheme for the bank’s global banking and markets division. She is also president of the City Women’s Network [...]
Pressures are building for a stronger renminbi August 11, 2010 AT THE start of this year, China was considered the only hope for global growth. But, for investors who wanted to get a slice of the pie and piled into the stock market, it has been a frustrating time. The Shanghai Composite Index is one of the worst-performing global stocks markets, having lost nearly a [...]
CITY MOVES | WHO’S SWITCHING JOBS August 1, 2010 Association of British Insurers Alain Dromer will join the ABI’s investment committee as chairman on 15 September. Dromer, who is currently chief executive of Aviva Investors, takes over the position from Keith Skeoch, who has spent three years in office. Dromer has also spent time as head of global investment at HSBC, head of insurance [...]
Double-dip fears resurge July 1, 2010 FEARS of a global slump back into recession heightened yesterday after a slew of negative data showed manufacturing output slowed across the world and pending home sales in the US crashed by a third. Tokyo’s Nikkei stock index tumbled to its lowest level since 2005, while the FTSE 100 plunged to its lowest level in [...]
Temasek set to sell first sterling bonds July 19, 2010 Singapore state investor Temasek Holdings will soon sell sterling-denominated bonds for the first time in a move aimed at diversifying its funding sources. Temasek has hired UBS, Deutsche Bank, HSBC and RBS to sell the bonds, according to a note sent to fund managers yesterday by one of the investment banks. Temasek plans a benchmark [...]
France to return Swiss HSBC private bank data December 21, 2009 FRANCE will return client data stolen by a former employee of a Geneva branch of HSBC to Switzerland, a French justice official said, in a bid to ease tensions that could undermine an accord to fight tax evasion. An official from the justice ministry in Paris said magistrates in the southern city of Aix-en-Provence would [...]
CITY MOVES | WHO’S SWITCHING JOBS August 5, 2010 FTSE Group The global index provider has appointed Sudir Raju as managing director for its custom index business. Raju has worked for Dow Jones and Stoxx Indexes since 2004, latterly as leader of the Stoxx custom index business. He has a strong technical background with experience extending across index design, production, reviews and operations, as [...]
CITY MOVES | WHO’S SWITCHING JOBS July 29, 2010 RBC Wealth Management The wealth manager has promoted Philip Harris to the position of head of private client wealth management for the British Isles. Harris has been at the firm since early last year, when he joined to create a domestic wealth management business. He previously founded financial advisory business Scott Goodman Harris, which was [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 30, 2010 FINANCIAL TIMES OSBORNE PLANS TREASURY STAFF CUTS George Osborne is planning to cut staff numbers at the Treasury by about one-quarter and scale back his department’s role as he attempts to lead by example in the search for sweeping spending cuts across Whitehall. The chancellor will reconvene the public spending “star chamber” this week and [...]
Dollar boosts Wall Street to new high August 2, 2010 US stocks closed at their highest level in 10 weeks yesterday and the S&P 500 pierced key technical levels as a weaker US dollar lifted the energy and raw materials sectors. Strong results in Europe from BNP Paribas and HSBC added to the upbeat tone and lifted US bank stocks. JPMorgan Chase & Co rose [...]