BNY Mellon profit dips following forex woes April 18, 2012 BANK of New York Mellon yesterday said its first-quarter profit declined slightly while its foreign exchange revenue slid 21 per cent and legal expenses surged as it battled clients’ claims of overcharging on currency trades. BNY Mellon’s forex business has been the subject of several lawsuits in which the bank has been accused of overcharging [...]
CITY MOVES | WHO’S SWITCHING JOBS March 21, 2012 Ashurst The leading international law firm has announced that James Collins has been appointed as managing partner, with effect from 1 May 2012. Collins trained at Ashurst and became partner in 2005. He is currently a banking partner in Paris, with particular expertise in cross-border acquisition finance and restructuring transactions. He succeeds Simon Bromwich, who [...]
Back to the Cole-face for lawyer who won Maxwell pension case March 20, 2012 MARGARET Cole’s move to in-house counsel at PwC marks a return to her original career as a lawyer, which has included stints as commercial litigation partner at both Stephenson Harwood and US firm White & Case. Her first high-profile role came back in the early nineties, when she represented pension fund trustees in their recovery [...]
JOBS of the WEEK March 14, 2012 Litigation solicitor Central London £70k-£90k An international law firm needs a litigation and dispute management solicitor to join its offices in London. The successful applicant will have extensive experience, acquired at a recognised City practice. www.cityamcareers.com/job/6991 Compliance director Central London £80k-£100k, plus bonus A leading global services company needs an experienced compliance professional to provide [...]
NICK CANDY JOINS THE PARTY SET AT CANNES March 8, 2012 AFTER a subdued and more sombre start to MIPIM, the annual property conference in Cannes, the mood began to pick up on Wednesday, the second and busiest day, as the weather brightened and investors began to talk more positively, albeit cautiously about the outlook for real estate this year. The sun graced Cannes in time [...]
CITY MOVES | WHO’S SWITCHING JOBS February 20, 2012 Rowanmoor Pensions Rowanmoor Pensions, the independent small self-administered scheme provider and self-invested personal pensions operator, has appointed Martin Stead as a regulated consultant in its consultancy team. Stead joins from AXA Wealth, where he was a financial planning manager in the company’s Bancassurance division. Prior to AXA Wealth, Stead was a corporate relationship manager at [...]
Duke Street takes stake in legal market February 6, 2012 PRIVATE EQUITY firm Duke Street has become the first investment house to take a stake in the UK’s legal sector, buying a majority stake in Parabis Group – the parent company of two insurance litigation firms. Duke Street’s investment, which means it owns just over 50 per cent of Parabis, values the company at £150m-£200m. [...]
CITY MOVES | WHO’S SWITCHING JOBS February 6, 2012 Deloitte Mark Williams has been appointed as a partner in Deloitte’s economic consulting practice. Williams, who joins Deloitte from the World Bank, will join a team of more than 30 in Deloitte’s economic consulting practice, where he will focus on telecoms clients. He worked at the World Bank for five years, where he led the [...]
CITY MOVES | WHO’S SWITCHING JOBS February 2, 2012 Laurence Simons The specialist legal recruitment firm has appointed Guy Adams as lead director of its European private practice team. Previously, Adams worked as a tax lawyer at Norton Rose, McGrigors and, most recently, Reynolds Porter Chamberlain, where he assisted in the growth of the firm’s tax litigation practice. Adams subsequently spent three years with [...]
CITY MOVES | WHO’S SWITCHING JOBS January 31, 2012 WSP Group WSP Environment and Energy, part of the FTSE 250-listed WSP Group, has hired Karen McAllister as director of the environmental planning division in London. McAllister is a former director of RPS, prior to which she was a director at the Town Planning Consultancy, which was acquired by RPS in 2001. Recent projects include [...]