City Moves for 09 July 2015 | Who’s switching jobs July 8, 2015 Markel International The insurer has appointed David Sawyer as senior underwriter and head of professional indemnity in its professional and financial risks division. He joins from Travelers Insurance Company, where he was responsible for running its professional indemnity portfolio. Axa Investment Managers Paul Squires has been promoted to global head of trading and securities financing [...]
City Moves for 06 August 2015 | Who’s switching jobs August 5, 2015 Savills The property adviser has appointed Julian Lyon as director in its worldwide occupier services team. He joins from General Motors UK, where he spent 17 years consolidating its UK property portfolio. Lyon has 30 years’ experience in the commercial property market. Standard Chartered Mark Smith has been appointed group chief risk officer at the [...]
Wall St rises, but fears grow over volatility – New York Report September 2, 2015 Wall Street shares jumped almost two per cent yesterday in the latest volatile session as investors weighed the impact of a stumbling Chinese economy and global market turmoil on the Federal Reserve’s impending decision about when to raise interest rates. The Dow Jones industrial average jumped 1.82 per cent to end at 16,351.31 points.The S&P [...]
City Moves for 6 October 2015 | Who’s switching jobs October 5, 2015 ETF SECURITIES The provider of exchange traded products has appointed James Butterfill as head of research & investment strategy. Based in London, he will report direct to Mark Weeks, the firm’s chief executive officer. Prior to joining ETF Securities, Butterfill worked at HSBC, and most recently at Coutts, as a multi-asset fund manager and global [...]
Decline in Brits abroad as holidaymakers opt to stay home this summer August 8, 2015 The UK economy is recovering and consumer confidence is increasing – but not enough to encourage the majority of people to holiday abroad this summer. Read more: Why taking a holiday is vital to productivity Less than half of people in the UK will travel to other countries this year, a reduction on the 56 per [...]
City Moves for 16 July 2015 | Who’s switching jobs July 15, 2015 Logistics Capital Partners The project development and asset management services provider has announced the appointment of Andrea Benvenuti as a partner. He joins as managing director of development and construction from Amazon. Benvenuti has also held senior roles at Prologis. Willis Group The risk advisory, re/insurance broking, and human capital and benefits firm has appointed [...]
Healthcare stocks rise after Supreme Court Obamacare decision June 25, 2015 Healthcare stocks in the US were up after Barack Obama’s Affordable Care Act (ACA) won an important victory today. Up for debate was whether subsidies would be available to people in all 50 states, or just those which set up insurance marketplaces under the act. The court ruled the subsidies should be available universally. [...]
Health sector set for change – New York Report June 14, 2015 HEALTHCARE sector investors seem bullish ahead of a crucial Supreme Court ruling on the Affordable Care Act. The court meets today but may not issue a ruling on King v Burwell, a challenge to President Obama’s signature healthcare reform legislation, until later this month. At issue are the tax credits that help about 6.4m Americans [...]
EU outlook revised to “negative” from “stable” by Standard & Poor’s August 3, 2015 Standard and Poor’s has revised the EU’s outlook to negative due to the ongoing Greek debt crisis and growing fears that the UK could vote to leave the EU. The decision also reflects that S&P believe the EU’s AA+ credit rating has a greater than 1-in-3 change of being cut in the next 2 years. This [...]
Unlimited upsides? Check. Too big to fail? Check. History tells us careful investors could be about to make millions in China August 21, 2015 The Chinese government could be forgiven if it now feels rather pleased with itself. After interventions including banning negative reporting on markets, threatening to prosecute short-sellers, and ordering companies to engage in share buybacks, it has succeeded in arresting a stock market crash – albeit with a few bumps along the way. Not many governments [...]