City Moves for 13 June – Who’s switching jobs? June 12, 2019 Today’s City Moves includes Firstport, Deloitte and EY. Firstport Residential property management company Firstport has appointed Heather Payne as chief technology officer. She will be responsible for Firstport’s digital transformation programme. Heather has spent her whole career successfully delivering digital transformation across multiple sectors. She was previously chief technology officer at Avon Cosmetics responsible for [...]
Lloyd’s of London firm Beazley ups catastrophe profit hit to $175m November 9, 2017 Lloyd’s of London insurer Beazley today took a fresh $25m (£19m) catastrophe hit after upping its losses to $175m following a freak year of natural disasters. The insurer said it needed to increase provisions for additional claims following the recent California wildfires. Insured losses would be between $200-300m, net of reinsurance, from natural catastrophes in [...]
City Moves: Who is switching jobs in the Square Mile this week? March 10, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. New strategy director joins Wates Construction Wates Construction Group has appointed a new strategy and integration director for its recently formed group of businesses Wates Integrated Construction Services (WICS). Joining the London office, [...]
Business confidence surged on vaccines before new lockdowns December 21, 2020 The start of the UK’s coronavirus vaccination programme drove up business confidence to a nine-month high in December, a survey has shown. However, the Lloyds business barometer gave a picture of businesses’ attitudes before the government tightened the lockdown rules over Christmas, bringing new uncertainty to firms. Prime Minister Boris Johnson on Saturday announced London [...]
An office romance may be fun, but don’t burn your career on the flames of passion April 24, 2019 Office relationships happen. Given how much time we spend at the office, it doesn’t come as a surprise when some people develop friendships, crushes, or even fall in love – Melinda and Bill Gates being a prime example. Friendships which remain platonic within the office are great and can last for a lifetime. A report [...]
MPs tell government to intervene if banks don’t do enough to halt branch closures May 13, 2019 The government or the financial watchdog should be ready to intervene if banks do not do enough to halt the closure of local branches, MPs have suggested. In its report into financial inclusion, the influential Treasury Select Committee (TSC) said the closure of local branches were more likely to affect older and more vulnerable customers and [...]
City workers prepare to head back to offices in just eight days time March 21, 2021 Workers are getting ready to head back to the City of London in just over a weeks’ time as the government’s “stay at home” order is relaxed. Investment banks are leading the return to work, with staff set to return to the Square Mile for the first time in months. Goldman Sachs, JP Morgan and [...]
The City View: August CEO Mélie Dunod on rethinking holiday home co-ownership April 27, 2022 Today Andy Silvester talks to Mélie Dunod, CEO and co-founder of holiday home co-ownership firm August. She talks us through the company’s inception; why their equity purchase model allows for better and more transparent co-ownership; and the post-Covid re-examination of lifestyle purchases. And in the news: law giant Eversheds Sutherland has re-entered Russia, striking a [...]
Outgoing Lloyds Bank CEO to be made Credit Suisse chairman December 1, 2020 Credit Suisse has named outgoing Lloyds Banking Group chief executive officer António Horta-Osório as its next chairman. The change will bring the nearly decade-long tenure of outgoing chairman Urs Rohner to a close. “António Horta-Osório shall succeed Urs Rohner who will step down in 2021 as previously announced upon reaching the statutory term of 12 [...]
Banks start process to claw back billions from Covid loans April 12, 2021 Some of Britain’s biggest lenders have begun sending letters to customers, warning them that repayments for crisis loans will soon be expected. HSBC, Barclays, NatWest and Lloyds have each begun sending letters to customers, the Mail on Sunday first revealed, with the first set repayments due to start in just two weeks. Banks handed out [...]