Coutts: One needs £250k to qualify for free account July 7, 2010 THE Queen’s bank Coutts has withdrawn free banking to customers with less than £250,000 in their accounts. The private bank, which is majority-owned by the taxpayer after the government bailed out its owner, the Royal Bank of Scotland, used to offer free banking to anyone who kept at least £10,000 in their current account. But [...]
CITY MOVES | WHO’S SWITCHING JOBS June 20, 2010 Aviva The insurance giant has appointed Dipak Warren as a corporate risk solutions director. Warren joins from Mitsui Sumitomo Insurance in London, which she joined in 2000. In her last role as active underwriter and director of the firm, she was responsible for the syndicate business plan and performance across property, casualty, motor, PI, marine, [...]
Land Securities in record sale June 17, 2010 PROPERTY developer Land Securities yesterday set a record for the sale of an undeveloped chunk of land in London, forward-selling a retail, office and residential development on Oxford Street to the Qataris. Barwa Real Estate, in which Qatar’s sovereign wealth fund is the biggest shareholder, agreed to stump up a total of £250m for the [...]
Land Securities in record sale June 17, 2010 PROPERTY developer Land Securities yesterday set a record for the sale of an undeveloped chunk of land in London, forward-selling a retail, office and residential development on Oxford Street to the Qataris. Barwa Real Estate, in which Qatar’s sovereign wealth fund is the biggest shareholder, agreed to stump up a total of £250m for the [...]
CITY MOVES | WHO’S SWITCHING JOBS June 10, 2010 Coutts Private Office The private bank has appointed Stephen Eggins as a senior client partner based in London, responsible for looking after ultra-high net worth (UHNW) clients. Eggins has over 20 years of experience in financial services and joins from Credit Suisse, where he also advised UHNW individuals. Prior to that, he worked at US [...]
CITY MOVES | WHO’S SWITCHING JOBS June 6, 2010 London Stock Exchange The exchange has hired Gay Huey Evans and Paul Heiden as non-executive directors and made Raffaele Jerusalmi an executive director. Huey Evans, pictured, is vice chair of investment banking and investment management at Barclays. Heiden is executive chairman of Talaris Topco and a non-executive at United Utilities, while Jerusalmi is director of capital [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2010 FINANCIAL TIMES ROLLS-ROYCE SPIRITS BUOYED BY GHOST Rolls-Royce says it will at least double its sales this year, thanks to the launch of its new Ghost model and a resurgance in demand for its high-priced cars around the world. Sales of the BMW-owned brand’s cars in China, where Rolls-Royce has seven dealerships, will for the [...]
RBS to axe 500 technology jobs over three years June 2, 2010 ROYAL Bank of Scotland (RBS) plans to cut up to 500 jobs over three years in its UK wealth management business after a major overhaul in technology. The bank, more than 80 per cent owned by the UK government after it was bailed out during the credit crunch, said the roles would be cut across [...]
RBS to axe 500 technology jobs over three years June 2, 2010 ROYAL Bank of Scotland (RBS) plans to cut up to 500 jobs over three years in its UK wealth management business after a major overhaul in technology. The bank, more than 80 per cent owned by the UK government after it was bailed out during the credit crunch, said the roles would be cut across [...]
CITY MOVES | WHO’S SWITCHING JOBS April 26, 2010 PricewaterhouseCoopers Bridget Jackson has joined the accountancy firm as director of corporate sustainability, leading the firm’s internal environmental, community and corporate sustainability strategy. Jackson has over twenty years of experience in international business and strategy consulting. She joins from management consulting firm Accenture. She will report directly to managing partner Richard Collier-Keywood. Resolution The investment [...]