RETURN TO SENDER: ROYAL MAIL SPINNER POSTS P45 TO ITV’S PR May 25, 2011 ALL GOOD things come to an end, and so it is that ITV is parting company with Tulchan, its financial public relations adviser of four years, The Capitalist can reveal. The commercial broadcaster, whose new press chief is former Independent and Sunday Telegraph journalist Mary Fagan, has told Tulchan it wants a regime change among [...]
Guilty: Galleon man faces jail May 11, 2011 THE BIGGEST insider dealing case in hedge fund history ended yesterday with Raj Rajaratnam, the Svengali-like boss of Galleon Group, being convicted of fraud and conspiracy. Rajaratnam now faces up to 19 and a half years behind bars for masterminding a vast conspiracy that traded on illegal information on companies including Google, Intel and Hilton, [...]
CITY MOVES | WHO’S SWITCHING JOBS May 11, 2011 BNY Mellon BNY Mellon has appointed Arthur Certosimo as chief executive of global markets to lead the bank’s foreign exchange, capital markets and derivatives trading businesses worldwide. Certosimo, currently chief executive of alternative, broker-dealer and Treasury services, will succeed Richard Mahoney, who will retire at the end of June. Brian Ruane, currently head of alternative [...]
CITY MOVES | WHO’S SWITCHING JOBS May 3, 2011 Ashcourt Rowan Ashcourt Rowan, the wealth management division of Syndicate Asset Management, has appointed Paul Miles as director of intermediary services. Miles joins Ashcourt Rowan from discretionary fund management platform Parmenion, where he was sales director for the last three years. Miles will report to Christopher Jeffreys, Syndicate’s director of asset management, who has been [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 21, 2011 FINANCIAL TIMES HEDGE FUNDS TOLD TO ACCEPT HIGH TAXES AS THE PRICE OF LONDON LIFE Hedge funds should accept higher taxes as the cost of doing business in London and stop threatening to move elsewhere, according to one of the world’s best-known copper traders. Michael Farmer, a Conservative party donor who runs the near-$1bn Red [...]
CITY MOVES | WHO’S SWITCHING JOBS March 8, 2011 Cordea Savills The international property fund manager has appointed Alexandra McGhee as head of fund finance, UK, with overall responsibility for the financial control and reporting on funds administered from London, Stockholm and Luxembourg. McGhee’s previous experience in European fund management includes the positions of business development director at Protego Real Estates and finance manager [...]
Why gazelles and giants both matter March 1, 2011 SHOULD you work for a big company or a small one? To me, the answer is simple: the smaller, nimbler and the more entrepreneurial the firm, the better. But as figures out yesterday demonstrate, there is a reason why many people would prefer to work for larger institutions. The top 100 firms in the UK [...]
CITY MOVES | WHO’S SWITCHING JOBS February 24, 2011 SRL Global The technology investment platform has made a new appointment by hiring Robin Ellison as a new member of its executive advisory board. In this role, he will primarily focus on strengthening SRL Global’s position in the pension fund market. Ellison previously served as chairman of The National Association of Pensions Funds (NAPF). In his [...]
CITY MOVES | WHO’S SWITCHING JOBS February 3, 2011 Savoy Investment Management The wealth management subsidiary of Syndicate Asset Management has hired James Bowles (pictured). Bowles will be responsible for providing tailored services for the north west of England. He was formerly with Anglo Irish Bank, where he had a similar regional brief, and Levi Solicitors in Yorkshire. The firm specialises in portfolios invested [...]
US sues BP for $21bn in fresh Gulf spill lawsuit December 15, 2010 THE US government said yesterday it would sue BP for $21bn (£13.5bn) alongside four other companies tied to the Gulf of Mexico oil spill in August, for violating US environmental laws, in the opening salvo in what will likely be a lengthy legal battle. If successful the damages from the lawsuit would be on top [...]