Tom Hayes Libor conviction: Serious Fraud Squad targets more Libor scalps after UBS and Citigroup trader received 14 years August 5, 2015 Top City lawyers are describing the conviction of Tom Hayes as a “game changer” for the prosecution of white-collar crime, saying that the decision paves the way for more people being charged and rescues the reputation of the Serious Fraud Office (SFO). A jury convicted Hayes, a former UBS and Citigroup trader, on Monday on [...]
City Moves for 28 May 2015 | Who’s switching jobs May 27, 2015 Tokio Millennium Re The reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co has announced the appointment of Mark Julian as head of its UK branch. He joined Tokio Millennium Re (UK) in 2008 and assumed the dual role of chief risk officer and chief actuary in 2011. Baker & McKenzie Julia Hayhoe has [...]
Woolworths redundancy case: European Court of Justice decision good for business, lawyers say April 30, 2015 British businesses breathed a sigh of relief this morning after the European Court of Justice ruled in favour of the UK government in the controversial Woolworths redundancy case. The case dates back to Woolworth's demise in 2008 (and subsequently 2010, when it also affected former Ethel Austin staff), when more than 4,000 employees did [...]
Germanwings flight 4U9525 plane crash poses more airline safety questions March 25, 2015 The crash of Germanwings flight 9525 and the loss of 150 passengers and crew on Tuesday has put aviation safety under renewed scrutiny. Despite robust figures showing rising safety standards in the aviation industry – 2014 was the safest year on record so far, according to the International Air Transport Association – such tragedies spark [...]
Sledge fund: Hundreds of Santas run through City for Brainwave December 10, 2014 City workers heading for the Tube on Tuesday evening may have received a bemusing surprise – as hundreds of their peers ran past dressed head-to-toe as Little Saint Nick. The annual 5k fun run through the City started at Old Spitalfields market and ended up there once more – with mince pies and mulled wine [...]
European Courts of Justice to reveal Woolworths and Ethel Austin redundancy decision tomorrow – but what does it mean for businesses? February 4, 2015 Note: This story was written before the opinion was published. Go here to find out what the advocate general said. Tomorrow could bring about the reversal of a ruling over redundancy consultation and compensation that costs companies millions of pounds. It's a huge deal and could have major implications for businesses throughout the EU. But [...]
City Moves for 21 January 2015 | Who’s switching jobs January 20, 2015 IAG UK Fund Administration The fund administration services provider has appointed Alan Ross as commercial director. He joins from BNP Paribas, where he was senior sales manager for securities services. Ross has also held roles at BNY Mellon, Arjent Alternative Investments, FSL Services, and RBS. London & Capital Guy McGlashan has been appointed chief operating [...]
City Moves for 22 January 2015 | Who’s switching jobs January 21, 2015 CFA Institute The investment professionals’ body has appointed Paul Smith as president and chief executive. He was managing director for Asia-Pacific and global head of institutional partnerships at the CFA Institute. Smith has also held senior positions at Bank of Bermuda, HSBC, and Asia Alternative Asset Partners. Societe Generale Private Banking Eric Verleyen has been [...]
City Moves for 03 September 2014 | Who’s switching jobs September 2, 2014 Alvarez & Marsal Senthil Alagar has been appointed managing director in the professional services firm’s restructuring and turnaround team in London. He joins from Barclays, where he headed its UK & Ireland business support restructuring team. Alagar has also held roles at Bank of Scotland, PwC and EY. M&G Real Estate Steven Hollands has been [...]
City Moves for 30 May 2014 | Who’s switching jobs May 29, 2014 Investec Investment Bank & Securities The specialist investment bank has appointed Alison Watson to lead real estate research. She joins from Liberum Capital, where she was head of real estate research. Watson has also previously held roles at UBS Investment Bank and Matrix Group. Irwin Mitchell The law firm has promoted Chris Rawstron to the [...]